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It's Spring and it's beautiful! The 2015 Naisbitt-Bagley Team Seller Newsletter Update for Spring 2015 is Here for You!

By
Real Estate Agent with ERA Realty Center

It's Spring and it's beautiful!  The 2015 Naisbitt-Bagley Team Seller Newsletter Update for Spring 2015 is Here for You!

 

 

Warm and happy feelings take over as we read the upbeat articles on the economy and housing market in 2015.  In an article in DS News March 2015, Doug Duncan, chief economist at Fannie Mae, said, "Our theme for the year, 'Economy Drags Housing Upward,' implies that both housing and the economy will pick up some speed in 2015, but that the economy will grow at a faster pace."  Later from the the same article we quote the following, "Fannie Mae's report echoed the sentiments of the National Association of Home Builders, which also spoke of bluer housing and economic skies ahead."  Another article in the same magazine, "Stronger On The Other Side," discusses the steady recovery in the housing market since 2009 and says, "...overall, the housing market has stabilized."

 

'The Envy of the nation' is the title of an article by David DeMille on the front page of Cedar City Daily News on Monday 3/23/15 where he quotes Gov. Gary Herbert who also said, "It is great to see the private sector put more and more Utahns to work so they can move toward a more prosperous future."  David DeMille goes on to say, "However, wages continue to stay flat, generally only growing enough to keep up with inflation, at about 1 percent annually."  Carrie Mayne, DWS chief economist said, "The labor market is expected to eventually tighten, but for now expansion comes with little upward pressure on wages." 

 

From the Utah Association of REALTORS (UAR), attached please find all of the "Local Market Updates by County January 2015."  It takes UAR approximately 2 or 3 months to compile statistics for every county in Utah, so this report is the most current available.  Iron County closed sales are up year to date (YTD) 5.3%, and Median Sales Price for Iron County is up 6.7% to $136,000.  This is good news.  Homes are selling and quickly if priced to sell.

 

Low interest rates and great property values are teaming up to give local buyers affordable monthly house payments, often less than rent, even though prices are on the rise.  Our reduced inventory helps our local real estate market to remain steady and sometimes attracts multiple-offers since there are not quite enough homes to go around for all of the buyers.

 

Commercial and development properties are not attracting very many buyers yet, but we are receiving more calls on those types of properties which is a good sign that change is on the way.  Lots are selling; homes are being built and there are speculation homes on the market for sale.

 

There are 4 very important steps to selling your home or property:

 

1.  Aggressive Marketing is a must!  Our top marketing is there for you both in print and online and will continue.  We know of none better!

2.  Overpricing is dangerous if you want to sell. Call for an analysis of value to see if a market reduction in price is needed.

3.  Buyers buy homes approximately 90% on emotion, so we want yours to generate those warm and fuzzy feelings you get when a homes shows well.

4.  The buyers can't buy it if they can't see it, so it is best to allow the buyers to tour the home when they are available to tour.

 

 

Please call the Naisbitt-Bagley Team at 435-865-1019 at ERA Realty Center for your free consultation today regarding market pricing, staging your home or property, or for every real estate question, need and concern you have.  You can also email Bagleyteam@gmail.com.  Texting our team is welcome:  Matt Bagley 435-590-8788, Jennifer Corral 435-559-0366 and Janet Naisbitt 435-559-7772

 

 

 

 

 

 

 

 

 

 

 

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