statistics: Finding The Best Agents to Refer to Past Clients, Family & Friends - 01/06/16 04:06 AM
Have you ever been asked to help friends and family or past clients find good real estate agents when they relocate to other areas? Or maybe you have a consumer who needs professional representation in your area, but for a transaction that is outside of your area of expertise.
Because the ultimate goal of a referral should be to help the consumer find the best possible agent, there are at least 5 things you should be looking at before making a recommendation:
 
DESIGNATIONS:
ABR (We look for the ABR for both buyer and seller agent referrals because it shows that the agent understands Agency … (0 comments)

statistics: Home Prices Up in 6 Salt Lake County Cities - 02/08/11 08:26 AM
This is in no way a suggestion that the market has hit bottom in any of these areas, but in the fourth quarter of 2010 home prices were actually up in 6 Salt Lake County cities. We'll have to wait until we are into the Spring season to see if the trend continues in these areas and if it spreads to other communities in the county.
The 6 cities where values were up were:
Draper (84020) - UP 7% West Jordan (84081) - UP 6% Sandy (84092) - UP 12% Herriman (84096) - UP 10% Salt Lake City (84103) - UP … (0 comments)

statistics: Most homes sold in Salt Lake County (July 2008) were priced $300,000 or less - 08/29/08 04:50 PM
Good news for those hoping to buy (or sell?) homes under $300,000 in Salt Lake County:
The Salt Lake Board of Realtors said this week that 71 percent of home sales in Salt Lake County in July were for properties priced less than $300,000. The most active price range was from $200,000 to $250,000, the board said.(Salt Lake Tribune)
A majority of my clients thus far in 2008 have purchased homes between $250,000 and $500,000.
Here are my thoughts on this "announcement":
It's easier to get a mortgage for homes priced at $300,000 or less There is a higher percentage … (1 comments)

statistics: Salt Lake Real Estate Market Update - 08/29/08 04:31 PM
Well, it's that time of year when OFHEO (The Office of Federal Housing Enterprise Oversight) posts all the real estate data that leads to posts such as this.
It looks like Salt Lake comes in at 1.9% home value appreciation from June 2007 - June 2008. This is pretty much exactly what I was hoping for and expecting about a year ago, as well as what economists were saying was a good thing to happen to Salt Lake's market.
Why was I hoping appreciation would slow to a crawl, and possibly stop?
See, if homes continued to sell for 10-20% higher … (0 comments)

statistics: Salt Lake Real Estate Market Update - Days on Market - 03/28/08 04:54 PM
As you can see from the graph below which analyzes the average number of days on the market it took for a listed home to sell, you can see that this is one statistic that has actually followed a pretty smooth pattern over the past 6 months.
Days on the market peaked in February at just over 60 days and then appears to have fallen slightly in March. This is all good news. Nationally, 60 days on the market is a really good figure.
I suspect that this number will slightly improve over the next few months as Spring and Summer historically do MUCH … (1 comments)

statistics: Salt Lake County - 2007 Total Year Real Estate Sales Report - 01/22/08 11:26 AM
I ran this report for 4th Quarter 2007 and thought that some of you would be interested in looking at the entire year's statistics.
Report Generated from the Wasatch Front Regional Multiple Listing Service
Homebuyer Representation, Inc. is an Exclusive Buyer Brokerage serving Salt Lake and surrounding areas. We do not list homes and we don't represent Sellers. We work for BUYERS ONLY on the Buying side of the transaction, to get the BUYER the Best Price and Terms... "We're the Real Estate Agents who Represent the Home Buyer" TM
For more information, just call us at (801) 969-8989 or contact us via the link … (2 comments)

statistics: Salt Lake County 4th Quarter Comparisons 2004-2007 - 01/22/08 11:04 AM
Looking at the Fourth Quarter of 2007 for the Salt Lake County Market reveals some interesting facts.
Keep in mind that this information is not necessarily comprehensive as it only takes into account data from the Wasatch Front Multiple Listing Service, but most homes in Salt Lake County sell by Multiple Listing and this data is probably pretty representative of the market at large.
Look at the data and we will analyze it below.
First, DOM - Days On Market increased. In the 4th Quarter of 2006 homes that were priced near enough to market value to sell were selling in 33 days. In … (1 comments)

statistics: Salt Lake County 4th Quarter 2007 Days on Market Report - 01/22/08 10:32 AM
This graph shows how long homes took to sell in the 4th quarter of 2007.
This is only for SOLD homes. As you can see, for homes that DID sell, the average time on the market was 44 days.
The percentage of homes selling in 30 days or less was 43.7%.
The percentage of homes selling in 60 days or less was 72.3%.
The percentage of homes selling in 90 days or less was 88%.
The percentage of homes selling in more than 90 days was 12%.
This sounds good if you are a Seller. However, remember, this is only the time on the market … (1 comments)

statistics: Salt Lake County 4th Quarter 2007 Sales Activity Trend Report - 01/22/08 10:16 AM
Here are some numbers from 4th Quarter 2007. I'll only use the final number in other calculations but I thought some people might be interested in seeing it broken down by Price Range as seen in the table below. (This data is for SOLD homes.)
Data from Wasatch Front Regional Multiple Listing Service
Homebuyer Representation, Inc. services home buyers in Salt Lake City, Utah and surrounding counties.  We work for Home Buyers ONLY - to get the BUYER the best price and terms possible on the best home available!
Exclusive Buyer's Agents do not list homes and don't represent Sellers. If you are thinking about Buying a … (0 comments)

statistics: What Factors are Affecting Salt Lake's Market? - 10/09/07 09:43 AM
There is surely a lot of inventory available. Buyers have more choices. They are not forced to deal with unreasonable Sellers. In most cases they can find another suitable home where the Seller is more reasonable.
Let's compare 3rd Quarter Numbers.  (See Salt Lake County 3rd Quarter Statistics)
Last year, there were 8458 new listings in the 3rd Quarter. This year, there were 10489 new listings. That is 2031 MORE HOMES available, while at the same time the average increase in SOLD price of homes dropped from 23.85% to only 9.56%. (Still, VERY respectable.)
The average percentage of new listings that sell is also … (2 comments)

statistics: 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)

 
Benjamin Clark, Buyer's Agent - Certified Negotiation Expert (Homebuyer Representation, Inc.) Rainmaker large

Benjamin Clark

Buyer's Agent - Certified Negotiation Expert

Salt Lake City, UT

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Homebuyer Representation, Inc.

Address: PO Box 701481, SLC, UT, 84170-1481

Office: (801) 969-8989

Mobile: (801) 999-8889

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