For Sale: 5BR/3BA Single Family House in Mapleton, UT, $319,900
Holy Shut Up!
Tuesday, October 22, 2013
Friday, July 12, 2013
Friday, May 3, 2013
Thursday, April 25, 2013
Safe to Sell Your Home?
We came across a really great article in the Wall Street
Journal entitled "Is It Save To Sell Your Home", written by Ruth
Simon. In that article, Ms Simon
reviewed the current housing market identifying the rising home prices and
thinning market as presenting opportunities for home sellers.
It is evident that Buyers are becoming much more
confident in the economic recovery and they are taking advantage of the record
low interest rates we are currently enjoying.
Sellers are enjoying this upsurge in activity which has fueled a
significant increase in home prices nationally (climbing 8.3 percent in
December from the same period last year).
This increase is the largest since May of 2006 and it's the 10th
consecutive monthly gain.
If you are thinking of selling your home, you will be
much more likely to find a buyer more quickly and command a better sales
price. The article points out that
"Buyer Activity" generally picks in the spring, while Sellers
typically lag behind (the Sellers listings peaking in July). Said Jed Kolko, chief economist at the
real-estate website Trulia.com ..."Most Sellers would be better off if
they pushed the process up a couple of months". The number of existing homes on the market
nationally has dropped to 1.74 million in January, down 25% from a year ago so
with supply low and demand high, now is
a great time to sell.
Sellers could face some challenges if interest rates were
to rise significantly or the economy weakens, along with an increase in homes
for sale so waiting to see if prices go up further, may not be the best
strategy.
The article warns Sellers not to expect to make a
killing. It said that even with recent
gains, home prices remain about 27% below their 2006 highs according to
CoreLogic.
If you are thinking of making a move, this is a great time for you. In our local market area, prices are up, inventory is down, the number
of foreclosures on the market has decreased dramatically, and the lower
interest rates have Buyers out in the market place looking for homes to buy.
Anyone who would like further information about this
article or would like more information about sales activity in our area is
welcome to contact me at my office, and I will be happy to assist.
Eric Adams
RE/MAX Results
(801) 836-7980 (mobile)
(801) 805-1000 (office)
Please, please, please don't be put off by the title of
my BLOG. It is not intended to be irreverent, mean or blasphemous in anyway and
it is not said because I actually want people to be quiet. Rather, it has
become a “go to” phrase whenever I’m impressed, interested, surprised,
informed, entertained or in any other way without words. I hope you will find the
blog any, or all, of the above.
HOLY SHUT UP has become enough of a personal marker that
often friends, clients and family use it in conversation or when we talk on the
phone. I’m flattered when people incorporate it into their vocabulary and it
conjures up warm feelings and memories based on the origin of the expression.
There is, in fact a great story behind it. Stay tuned for that story on my next
blog.
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