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Real Estate Perspective: Fence sitting or Ranch dressing?

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Real Estate Agent with Red Rock Real Estate (435) 632-9374 UT DRE# 6541633-SA00

Real Estate Perspective: Fence sitting or Ranch dressing?

 

At this time, two years ago, there were only 272 residential listings on the MLS in all of Washington County, Utah. Right now there are 1,254 listings on the Multiple Listing Service. Times have changed!

 

It's always a good time to buy real estate, even when interests rates have trended up. The southern Utah residential real estate market is starting to rev up with a large inventory to choose from.

 

This quote comes to mind when people wait for the perfect conditions before moving forward with a purchase. “Don’t wait to buy real estate. Buy real estate and wait.” - Will Rogers, actor


Also, If you fence sit too long, home ownership can pass you by, becoming an elusive dream with nothing gained except a sore behind...from kicking yourself. Something to think about.


Happy Sunday all!


*This information is deemed reliable and may change without notice. Taken from the Washington County Utah MLS.

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I, Wanda Kubat-Nerdin at Red Rock Real Estate Utah am responsible for my opinions expressed in this blog. Information herein is deemed to be reliable but not guaranteed and may change due to market conditions. Please do not take my pictures or artwork and use them as your own, they are my property and copyrighted.

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Wanda Kubat-Nerdin is a southern Utah REALTOR® assisting buyers and sellers in in the St. George area, Dammeron Valley, Diamond Valley, Veyo, Central, Hurricane, Ivins, La Verkin, Leeds, Santa Clara, and Washington real estate markets.
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Red Rock Real Estate
90 E 100 S, St. George, UT 84770

BuynSellUtah.com
Mobile: (435) 632-9374 call or text
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Comments (12)

Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello and Happy Sunday, Wanda - real estate, like everyday life, continues to change.  As situations evolve, buyers and sellers, need to be ready to act decisively.  

Feb 19, 2023 09:05 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

On the ready is right for clients to achieve their home goals, Michael Jacobs. No sitting for too long, that defeats the purpose!

Feb 19, 2023 10:00 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good afternoon Wand,

Love your title and photo..what a great tie in! Real estste continue to evolve but one thing that never changes is sellers will need to sell and buyers will need to buy. Can't sit on the fence too long.

Feb 19, 2023 10:51 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wanda I am so with Dorie Dillard Austin TX nothing more to add:)Endre

Feb 19, 2023 11:55 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A 4X increase in listings is severe but when considered against the crunch and high demand of 2 years ago it is nominal. It becomes an issue for sellers when the inventory just sits too long.

Feb 19, 2023 12:37 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Wanda,

Buyers really need to focus on your blog.  I have seen many buyers sit on the fence and now they can't afford Sedona.  The amount of homes available is eye-opening.  This makes a huge difference for a potential buyer in your market.  

Feb 19, 2023 01:23 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Happy Sunday, Dorie Dillard Austin TX! A lender told me to tell clients...Date the Rate and Marry the House. Makes sense to me!

Feb 19, 2023 03:15 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Thanks, Endre Barath, Jr., she does have a point and if you agree, so do you!

Feb 19, 2023 03:16 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Two years ago, the inventory was so scarce that sellers were getting 20+ offers on their properties that drove the price way up, Ed Silva. We are in a different market with higher interest rates, more inventory and days on market.

Feb 19, 2023 03:19 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Yes, I have seen that happen here as well, Sheri Sperry - MCNE®. So many past clients bought before the big price increases but a few decided to wait or just gave up because they got splinters in their butt from sitting so long on a wood fence!

Feb 19, 2023 03:24 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I was just at a party and shortly after a lady asked me about the state of the market and I broke it down for her another guy came over and was talking to her while I was still sitting at the table.  He was talking about doing just the opposite of what I had just told her and it gave me a chuckle.  I have a feeling that he will learn the hard way and that will give me even more of a chuckle, haha.  I don't really have much pity for those that think they know more than the professionals.

Feb 20, 2023 05:21 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Perfect example of, "You don't know what you don't know." Ignorance, especially when it comes to buying and selling real estate will always benefit the other party more, Brian England!

Feb 20, 2023 06:53 AM