Sizzling Summer Seller 2015 Newsletter Update from Naisbitt-Bagley Team at
ERA Realty Center 435-865-1019
The real estate market in Cedar City, St. George, Beaver and surrounding
areas continues to be steady with increases in both the number of closed
sales and the Median Sales Price according to the attached Utah Association
of REALTORs (UAR) "Local Market Updates by County May 2015." May is the
latest report available since it takes UAR approximately 2 months to compile
and publish the statistics for every county in Utah.
"Housing Continues Gradual Recovery" according to the RIS Media Real Estate
Magazine June 2015 issue. Many areas in the nation as well as Southern Utah
have moved into a steady market with improved economy, employment, real
estate sales, and new home construction. Some people who lost their homes
to foreclosure and short sales in past years have good credit now and are
leaving the rental market to buy homes both in our area and many other areas
in the nation.
According to the REALTOR Magazine July/August issue article by Lawrence Yun,
the National Association of REALTORS (NAR) Chief Economist, there is "No
Housing Bubble in Sight." He says, "Statistically speaking, housing is on a
roll...The trends are expected to stay positive and are likely to boost
business dollar volume by as much as 15 percent in 2015." He points out
that wages are only rising by 2% and that interest rates are climbing and
credit is tight. At the end of his informative article he states, "For now,
though, no bubble or impending crash is in sight."
We do have investors looking for multi-units and single family homes, but
most of the buyers in our area are looking for their "dream home." Experts
tell us that a "dream home" is a home with everything you need and as many
of the wants as the buyer can afford. Affordability is a big issue and
being credit worthy; although we are seeing some cash buyers. Some homes
are receiving multiple offers from competing buyers choosing from decreased
inventory of homes for sale. Interest rates are still amazingly low. Now
is a good time to buy and sell due to the steady market. Development land,
commercial properties and lots are still slow movers but they are moving.
Since local rental property managers report that they need more rental
properties, now would be a good time to purchase a rental property.
Property Managers say they have renters who can't find a place to rent. It
is a wise plan to have rental properties in your investment portfolio, so
why not let a tenant buy a home for you! When it is paid off, the income
can be used to put a child through college or for income in your retirement
years, etc.
Most buyers still go online to search for the properties and homes that they
want to tour, so our global online marketing is of utmost benefit to you.
Tuesday our Naisbitt-Bagley Team attended classes on amazing new lead
generating technology being implemented by ERA Realty Center. We are proud
to be part of a company that continually improves technology and "Meets the
Future Head On" as quoted from RIS Media Real Estate Magazine June 2015. We
work hard marketing to attract buyers to your property from all over the
nation and all over the world!
We also market aggressively to other agents. We don't know who your buyer
may call first. They may have an aunt, cousin or other relative who is an
agent. Therefore, we place our listings on all 3 major multiple listing
services in Utah. There are very few other real estate agents, if any, who
place their homes on the Iron County, Washington County and the Wasatch
Front MLS. Your property is being marketed locally as well as all over the
nation and world to buyers and agents.
Aggressive marketing, competitive pricing and staging are all of utmost
importance in this real estate market. Most of our buyers are from out of
state, so attracting those buyers to your real estate requires extensive
advertising worldwide. Buyers rarely call on overpriced homes and
properties. We don't know of anyone who markets more aggressively than our
Naisbitt-Bagley Team; so with our marketing, you should be getting action
and offers. If not, please call for a market value report to make sure your
price is competitive with recent sales. The buyers will choose the best from
the homes they tour, so make sure yours shows well and is fixed up, cleaned
up, de-cluttered, painted and has nice flooring. Buyers purchasing
fixer-uppers expect to buy cheap and make money if they are willing to do
the work to improve and repair. Showing the home when the buyer is
available to look at it is important. Buyers often have limited time to
look and we don't
want yours to be missed. We do have hints for quick showing preparation as
well as DVDs on preparing your home for sale.
Recent training has prepared our Team to help our buyers and sellers adapt
to the new forms and changes in closing procedures from the Consumer Finance
Protection Bureau expected in October. There will be a potential for
last-minute delays in closing and documents will need to be delivered to all
concerned several days in advance in case corrections are necessary. It
appears that 60 days may be needed for closings with buyers getting
mortgages.
For your free consultation, questions and concerns, please call our
Naisbitt-Bagley Team at ERA Realty Center at 435-865-1019 or email
bagleyteam@gmail.com. Please also contact us by calling or texting Matt
Bagley at 435-590-8788, Jennifer Corral at 435-559-0366 and Janet Naisbitt
at 435-559-7772. We appreciate working with you to aggressively market and
get your home or property sold. Thank you very much!
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