Welcome to the HouseHuntingInUtah.com Blog

2010-01-08 14:14:23
Existing Home Sales Up!!

The National Association of Realtors reported today that the sales of existing homes rose again in June, making it the thrid month in a row, saying 'Home sales haven't risen for three straight months since early 2004, during the housing boom'.

While the NAR figures are national, our experience here in Utah backs up what they are seeing.  So far this summer we're seeing higher sales counts than we saw in '08 prior to the October crash.

Alot of the activity has to do with foreclosure properties which are finally making their way through the pre-foreclosure process and are showing up as Bank Owned Homes making them much easier to sell than Short Sale Property.  And non-foreclosures which have to be priced low to compete with the Bank Owned Homes in many areas.

Our experience shows that there are quite a few bargains out there but at the same time, there is a feeding frenzy for many of these homes.  It reminds us of the boom years.  Many of these homes wind up with multiple offers triggering a sort of bidding war.  We have clients who have had to make offers on five or more homes before one is accepted.

How can you get an advantage over the competition?  Here's how:

1) Be sure you're pre-approved and your lendor has prepared a pre-approval letter to submit with any offers.

2) If you can't purchase a new property without selling your home first, don't even think about making an offer on a Bank Owned bargain.  You'll just get your heart broken.

3) Be sure to call Anne Johnson, who has the time and knowlege to get you into Bargain Homes as soon as they come on the market.  The sign of a great agent is one who answers your calls, show you homes on 'your' schedule and don't leave the buyer doing all the legwork. 

4) Register with HouseHuntingInUtah.com to get new listings daily.  You can also use the New Listings feature to review homes.  When you see a home that fits the bill call me and get into the home the same day if you can.  The first shark to the meal get's the biggest bite.

If you have any questions, would like a list of Bank Owned Homes in your area, or just want to chat about Real Estate, give us a call today at 801.510-0151

 
Blog Archive
2010-01-12 10:21:59
Essential Maintenance For Your Home

2010-01-12 10:19:24
Tax Credits for Home Remodeling Projects

2010-01-08 16:25:22
$8,000 & $6500 Tax Credit's to Buyers

2010-01-08 14:14:23
Existing Home Sales Up!!


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