exclusive buyers agent: National Retailers taking notice of Salt Lake - Opening shop
- 01/12/08 04:45 PM
Utah a fertile ground for branching out In 2007 Salt Lake saw big names such as IKEA, Cheesecake Factory, Urban Outfitters and American Apparel come to town. According to the Salt Lake Tribune, "The list of retailers with a presence in Utah is set to grow even larger this year." [2008] It later goes on to say: "Retailers have been attracted to the state in recent years due to the state's strong job and population growth. The population of the four main Wasatch Front counties - Salt Lake, Utah, Davis and Weber - has reached the 2 million mark, which makes many national chains … (0 comments)
exclusive buyers agent: Hot markets - can you trust the national media?
- 01/09/08 02:49 AM
OK. Don't get me wrong. The real estate market in Salt Lake is doing better than most places in the country. I just want to point out to the person who isn't involved in real estate on a daily basis (i.e. the consumer) that the actual truth about the market is often slightly different than what you hear in the media. In an age of instant messaging, blogs and fiber-optic data transmission, you would expect to be able to keep a pulse on something so large as the housing market. In a recent Money Magazine article, Real Estate: Last of the red-hot markets printed … (6 comments)
exclusive buyers agent: Historical Salt Lake Market Statistics with Graph 3Q 2003 - 3Q 2007
- 01/04/08 05:12 AM
Yes, this is old news but it shows the historical data and trends for the Salt Lake County Market. The next official reports (which we are all waiting for) will be posted on January 20th, 2008. While we wait I will also look at the monthly data for October and November and the data I can extract myself for December and we can see if we can estimate whether the trends are still following the course they were on at the end of September. Average Home Sales per Quarter Salt Lake County Last Updated: October 20 2007 02:09:13Source: WFRMLS Statistics
Brief Summary: Average … (2 comments)
exclusive buyers agent: Salt Lake Market Guestimates
- 01/02/08 12:04 PM
An ActiveRain Friend asked the following: "I was reading an article that said the Midwest is starting to get a little better,but that the States out by you are going to feel the brunt coming on a little more now. How is the market by you? I was thinking of moving in the future, and I like that area. Is the market getting softer for listings?" 2007's final statistics should be out soon and this is what I think they will say: The total number of Sold listings is down (either slowing, or at a minimum, less percentage are selling than last year) Homes that aren't … (0 comments)
exclusive buyers agent: Sellers have a choice when it comes to Dual Agency
- 12/20/07 05:11 AM
I don't represent Sellers, so why am I writing about this? Almost all Buyers will someday be Sellers and almost all Sellers buy after they sell. My clients may as well understand that what is true on one side of a transaction usually has its parallel on the other. Just as Buyers often sign away rights and protections when entering a Buyer-Broker Agreement, Sellers are almost always asked to sign away their right to full representation when signing a Listing Agreement. Once again, Sellers, just like Buyers have a choice. The law often requires the disclosure of this choice, but it is usually not presented … (1 comments)
exclusive buyers agent: Salt Lake - 2/3 of New Listings OVERPRICED - Still a good time to Buy - Here's How
- 10/09/07 09:31 AM
BUYER BEWARE: There is a lot of inventory and about 2/3 of it is overpriced. (See third quarter market statistics) These are new listings that do not sell during their listing period. It is not good enough to get a free plasma screen TV or backyard landscaping or granite countertops "thrown into" the deal for "free" if you are overpaying for the home by tens of thousands of dollars. DON'T BUY A HOME IN THE SALT LAKE AREA TODAY WITHOUT AN AGENT WORKING EXCLUSIVELY FOR YOU! It can still be a good time to buy IF you have an agent who represents YOU and NOT … (2 comments)
exclusive buyers agent: Salt Lake County Utah 3rd Quarter Statistics & Brief Analysis
- 10/09/07 09:12 AM
Salt Lake City's real estate market is still up where it counts and that is good news for homeowners and homebuyers. Above all, home sales prices are still in the positive, much better than many markets nationwide). See the latest Data in the chart below and we will evaluate it and talk about what it means for Buyers. (Source: WFRMLS XL Quarterly Comp Report 3rd Quarter Comparisons - Generated Tuesday October 9th, 2007 at exactly 3:16:18 PM) As you can see from the data, the market pace has slowed considerably. SALES of Single Family Homes and Condos are DOWN from 3rd Quarter 2006 figures by 34.43% … (0 comments)
exclusive buyers agent: Who Does the Appraisal REALLY Protect?
- 05/17/07 04:21 AM
Most Utah Homebuyers believe that the appraisal is being done to protect the Buyer. Although it may ultimately do so, the appraisal is really to protect the lender. Appraisers are hired to protect the Buyer's lender(s). A main part of their job is to determine if there is enough collateral value in the property to protect the lender's lien-holder position. In some markets, appraisals may be routinely performed before presenting offers. In Utah, it is more common to order an appraisal after a contract price has already been agreed to. In this case, most Buyers will include an appraisal contingency in their offer, allowing them to … (9 comments)
exclusive buyers agent: How Earnest Money Protects the Buyer
- 05/17/07 03:30 AM
Most people think of Earnest Money only as a protection for the Seller. In some cases a Buyer gets cold feet. Other times, a Buyer ties up the property and is ultimately unable to perform after all contingencies have passed. The Earnest Money is widely considered to be a fair sum, to pay the Seller back for lost time on the market or other inconvenience. What many Buyers do not know, however, is that: In Utah, the Earnest Money Deposit is also a protection to the Buyer. In Utah, Section 16 of the standard Real Estate Purchase Contract states: "If Seller defaults, in addition to … (1 comments)
exclusive buyers agent: Exclusive Buyer's Agents mentioned in Kiplinger's Personal Finance
- 04/02/07 07:29 AM
An article in the March 2007 edition of Kiplinger's Personal Finance shares some of the benefits of hiring an Exclusive Buyer's Agent. The point of the article (and it's title) was: Hire your own AGENT Just as two sports teams would not use the same coach, and two parties with conflicting interests would not use the same attorney in a court of law, there are real differences of interest between a Buyer and a Seller in a real estate transaction and I believe that each party should seek independent representation. Exclusive Buyers Agents work exclusively for the Buyer. My job is to protect … (2 comments)
Utah a fertile ground for branching out
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