3D Virtual Tours Now Available

3D Virtual Tours Now Available

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Above is an example of how your home could be presented.

Facts About Closing Costs

Facts About Closing Costs

by | Apr 3, 2023 | , , | 0 Comments

Facts About Closing Costs Some Highlights If you’re thinking about buying a home, be sure to plan for closing costs. Closing costs are typically 2% to 5% of the total purchase price of a home, and they can include things like government recording costs, appraisal...

We’re in a Sellers’ Market. What Does That Mean?

We’re in a Sellers’ Market. What Does That Mean?

by | Mar 30, 2023 | | 0 Comments

We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today...

Ultimate Sellers Guide

Ultimate Sellers Guide

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Free Expert Home Evaluation

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Why Work with a Realtor

Why Work with a Realtor

The Difference is Clear

8 Reasons Why You Should Work With a REALTOR®

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it pays to work with a REALTOR®.

1. Navigate a complicated process.

Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

2. Information and opinions

Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

3. Help finding the best property out there.

Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.

4. Negotiating skills.

Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

5. Property marketing power.

Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.

6. Someone who speaks the language.

Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

7. Experience

Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

Objective voice.
  1. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, homebuying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.
Shop for Homes in a Virtual World

Shop for Homes in a Virtual World

by | Dec 3, 2020 | , | 0 Comments

A New Way to Shop for Homes in a Virtual WorldIn a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we...

It Pays to Sell with a Real Estate Agent 

It Pays to Sell with a Real Estate Agent 

by | Nov 21, 2020 | | 0 Comments

It Pays to Sell with a Real Estate Agent Some HighlightsToday, it’s more important than ever to have an expert you trust to guide you as you sell your house.From your safety throughout the process to the complexity of negotiating...

Should I Renovate My House Before I Sell It?

Should I Renovate My House Before I Sell It?

by | Oct 31, 2020 | | 0 Comments

Should I Renovate My House Before I Sell It? Some HighlightsIn today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.With so few houses available for sale today, you may...

Don’t Fear the Real Estate Market

by | Oct 30, 2020 | | 0 Comments

Don't Fear the Real Estate Market October 29, 2020 Fear should never be a factor when navigating the housing market. Whether you're buying or selling a home this fall, let's connect to make sure you're empowered to take the safest path.

Salt Lake County Home Prices

Salt Lake County Home Prices

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SANDY (Oct. 31, 2017) – The price of a single-family home increased to its highest point ever before, according to the Salt Lake Board of Realtors®. In the July-August-September quarter, the median price of a Salt Lake County single-family home increased to nearly $330,000, a 10 percent rise year-over-year and a 67 percent climb (nominal dollars) compared to the third quarter of 2011 when home prices bottomed at $197,000. Adjusted for inflation, home prices today are 54 percent higher than in 2011.

The top 10 most expensive Wasatch Front ZIP codes in the third quarter were:

  • The Avenues (84103) $608,000, up 22%
  • Emigration Canyon (84108) $550,000, up 16%
  • Alpine (84004) $497,000, up 5.9%
  • Draper (84020) $465,000, up 5.0%
  • Holladay (84117) $465,000, up 21%
  • Eden (84310) $460,900, up 7%
  • Holladay (84124) $456,000, up 11%
  • Sandy (84092) $449,000, up 12%
  • South Jordan (84095) $441,592, up 8%
  • Canyon Rim (84109) $428,850, up 6%

 

Sales of single-family homes in Salt Lake County fell to 3,442 units sold in the third quarter, a 9 percent drop compared to sales a year ago during the same period. Home sales were down 1 percent in Davis County, down 2 percent in Tooele County, down 4 percent in Utah County, and up 0.4 percent in Weber County.

Troy Peterson, president of the Salt Lake Board of Realtors®, said home sales likely would be higher if more housing inventory was available. “Home builders are continuing to ramp up production to meet extraordinary demand,” Peterson said. “New listings are up slightly over last year. Homes are on the market just 31 days before closing, down from 33 days last year at this time.”

The 10 hottest ZIP codes for sales of single-family homes were:

  • Clearfield (84015) 334
  • Tooele (84074) 306
  • Lehi (84043) 284
  • Farr West (84404) 279
  • Herriman (84096) 223
  • Eagle Mountain (84005) 219
  • Roy (84067) 215
  • West Jordan (84081) 190
  • South Ogden (84403) 188
  • Kearns (84118) 185

 

Condominium sales in Salt Lake County increased to 1,179 units sold in the third quarter, up 1 percent compared to 1,171 units a year ago. The medium price of a condo reached $219,000, up 10 percent compared to $200,000 in the third quarter of 2016.

About the Salt Lake Board of REALTORS®
The Salt Lake Board of Realtors® is the Wasatch Front’s voice of real estate and the No. 1 source for housing market information. Established in 1917, the Salt Lake Board of Realtors® is a leader in protecting private property rights. As Utah’s largest real estate trade association, the Salt Lake Board of Realtors® assists its members to serve the public through continuing education, advocacy and a professional code of ethics. Courtesy of Salt Lake Board of Realtors®

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