Are There Signs of Improvement in Real Estate Market? YES!
According to April DS News article:
*Brinkman is quoted as saying that mortgage performance is improving & that unemployment rate is declining.
*Capitol Economics said that over the past year the visible inventory has dropped 20% & over the last 6 months home sales have risen by 13%.
*Villacorta said, "The good news is the improvements in the job market, stronger consumer confidence and the heightened activity of investors-often with cash-in the lower price tiers."
In my opinion, the above are signs of improvement in the real estate market. Wouldn't you agree?
Why not invest in real estate now while the inventory is ample, the prices are low and the interest rates work together to give you an affordable monthly payment.
Whether buying rentals and letting the tenants pay off your home for you or buying your very own dream home, call Janet Naisbitt-Bagley team at ERA Realty Center at 435-865-1019 or 800-934-3742 today. You can also email naisbitt@infowest.com for help with all of your real estate needs.
Check out the homes for sale on the MLS at www.homesincedarcity.com including HUD homes, short sales, foreclosures, new construction and homes priced like foreclosures. Janet's team at 435-865-1019 can help you with every home.
Call for your free list of homes and your free tour today. Have a fantastic home shopping day!
Posted at 09:26PM May 15, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Agent discussion Centered Around Disappearing Home Inventory For Buyers
The subject of current real estate market conditions came up in our ERA Realty Center weekly training meeting today. The discussion centered around the lack of homes for sale for buyers in some price ranges. One top agent mentioned that she'll help a buyer find a home and make an offer only to find out that there are several offers on the same home. If the buyer loses the home to another buyer, the agent must start the process over of touring homes. However, it is hard to find them another home that they like as well. Buyers are becoming frustrated and discouraged.
The homes for sale in the lower price ranges have diminished to the point that it is often difficult for buyers to understand that if they delay the purchase of their home, they may not be able to buy one. Bargain priced homes often sell quickly and will likely attract multiple offers immediately. Sometimes the offers are above list price. It is easy for buyers to find themselves starting over. Buyers may want to offer full price or more if they believe the home is a good buy. Some believe the real estate market has already turned around in some price ranges.
What can be done? Don't delay. Call Janet Naisbitt-Bagley's team at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com today.
Janet's team at ERA Realty Center can set you up with a portal to the MLS, so you get the most current information as to homes that are available today. Janet's team can do an MLS search and send you the homes available today including short sales, foreclosures, new construction and other bargain-priced homes. You can also search the MLS at www.homesincedarcity.com.
Janet's team can set you up to receive automatic emails of the homes that match your criteria as soon as they come on the market. You'll know about the great buys as soon as they hit the MLS. Call Janet's team the minute you see a home you like. Janet has a licensed team of assistants that can help you with every home for sale. Begin your tour today.
When you find the home you like, Janet's team can write and negotiate your contract and follow through the the transaction from beginning to end. You'll love working with the professional, experienced, trained team that gives top service and cares about you.
I believe it will become increasingly difficult to find your home and have an affordable monthly payment as prices begin to rise as home inventory decreases. It is my opinion that buyers should begin their search today .
Posted at 05:26PM May 02, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Iron County MLS and UAR Statistics For Home Sales and Median Price
Janet Naisbitt-Bagley Team’s April 2012 Real Estate Newsletter Update
According to first quarter statistics graphs from the Iron County Board of REALTORS Multiple Listing Service (MLS), ERA Realty Center is #1 in both Listed and Sold Real Estate. 103 homes were sold in Iron County under $99,999; and 130 homes sold between $100,000 and $199,999. Therefore, 233 homes sold under $200,000. Only 45 homes sold above $200,000 all the way up to the highest priced home that sold. Lower priced homes seem to be attracting buyers & investors that could not qualify in years past.
According to the recent Utah Association of REALTORS (UAR) February Local Market Updates by County, Iron County Median Sales Price is $85,000 YTD 2012 which is down 15.5% from $100,600 YTD 2011. Closed Sales are up 2.3% YTD in 2012 as compared to YTD 2011. More buyers are purchasing homes for less money. Buyers seem to be searching sq. ft. and price before calling agent to see homes. Then they pick the home that shows beautifully!
According to an Email from Utah Association of REALTORS (UAR) received April 24, 2012, “Utah home sales rose for the ninth consecutive month in February. With 500 more homes sold than last year, this was the strongest February for residential sales since 2007.” This is good news to the real estate market and to our economy.
Please go to www.homesincedarcity.com to see current real estate for sale on the Iron County Board of Realtors MLS. You’ll find attractive foreclosures, short sales, new construction, HUD homes and other bargain-priced values available. Sellers can check out their competition and price to beat it. Buyers can find their dream homes. Investors can begin their search for the home their renter can pay off for them.
Interest rates and prices are still both low at the same time which is a great combination for getting that desired low monthly payment. The inventory of homes for sale seems to be diminishing, so I believe it’s a good time to sell and buy. Land, lots, commercial and acreage are still slow to sell in this market due to availability of resale bargains.
Owners in this real estate market who find themselves under water, which means they owe more than the value of the home, have many options besides foreclosure. I recommend that they call their bank and have those outlined for them. They may include loan modification, refinance, and etc. which may allow the owner to keep the home. Options may include short sale, deed-in-lieu of foreclosure, and etc. Sometimes there are monetary compensations for a homeowner who completes a short sale. Ask your bank.
Investors who currently own rental homes may be able to refinance and get lower interest rates under new programs available through their lenders. It’s a good time to call lenders to find out loans programs that may benefit owners. Investors are experiencing success!
Please call Janet Naisbitt-Bagley and her knowledgeable, top service team at 435-865-1019 or 800-934-3742, or you can email Naisbitt@infowest.com. Janet’s team markets aggressively and is available for consultation, questions, concerns, and gives top service.
Posted at 01:34PM Apr 24, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Should I Offer Less Than List Price for My Dream Home? Maybe Not!
Should you offer less than list price on the home of your dreams? The answer to that question is, "It depends!" On what does it depend? How much do you want the home?
Some bargain-priced homes are getting multiple offers and sometimes sell at above list price. Do you want someone else to buy your home, or do you want to buy it? Bargain-hunters may lose out on their bargain home by offering too low when the home may already be priced as a bargain for the current real estate market..
Nearly every buyer is looking for a bargain in this value-driven real estate market. It's important to remember that nice homes in the lower price ranges are popular and may sell quickly. Therefore, when you find a home you love, act quicly to get your offer in to try to avoid a multiple-offer situation. If multiple offers do come in, that is not the time to present a low offer. You will want to give your highest offer that you feel comfortable making on the home at that time.
It's important never to offer more than you want to pay for your home. You want to offer the maximum amount you want to offer but no more. You want to say to yourself, "If I offer this amount, I will be okay if someone else buys it because I would not want to pay more than this anyway." Does that make sense?
The Janet Naisbitt-Bagley team at 435-865-1019 or 800-934-3742 will be happy to provide you with comparable sold properties to give you a feel for what similar homes have sold for in the past. That information will help you decide what a reasonable offer is for your home. You can also email naisbitt@infowest.com or text at 435-559-7772 which is Janet's mobile.
Check out the bargains available at www.homesincedarcity.com including foreclosures, short sales, new construction and homes priced-like foreclosures. Janet's professional team would love to give you top service with every home.
Janet's team will work hard to help you make your real estate dreams and goals turn into a reality!
Posted at 08:44PM Apr 12, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Can I Roll The Deficit Into My Next Home Mortgage?
Unfortunately the answer to the above question I was asked today is, "No!" Sadly, there are still sellers who owe more than they can sell their home. The hope in this case is to get the bank to agree to accept less than what is owed. They will sometimes do that if there is a hardship involved for the owner. That is called a short sale which is very common in today's real estate market.
Buying a short sale makes a happy buyer when he gets the great home at less than what is owed, but it is difficult for the seller to understand. He can't just sign a note for the difference nor, as this owner asked, roll the amount into the next home he buys.
If an owner owes more than market value, I believe the first step is for the homeowner to contact the lender to find out all of his options including loan modification or refinance to make the payment more affordable, deed in lieu of foreclosure, short sale, and etc. Janet's team at 435-865-1019 at ERA has paperwork that may help explain the short sale process. You can also email naisbitt@infowest.com.
For help with all your real estate needs whether buying or selling, please call Janet's team today at 435-865-1019! They'll work hard to help your real estate dreams come true. Check the homes available including foreclosures, bargains, short sales and HUD homes at www.homesincedarcity.com. Then call Janet's team to help with every home in which you have interest!
Posted at 08:57PM Apr 04, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Would You Like To Purchase A Rental Property? Qualifying May Be Easy!
According to the publication from NAR ABR, "Today's Buyer's Rep" March 2012, it might be relatively easy to qualify for a loan to purchase a rental. To quote the article, "If the numbers are solid, a buyer who would qualify for a conventional mortgage on a primary residence shouldn't face much difficulty securing credit for their first investment property," says Chapman. And Levine points out that anything up to four units qualifies for conventional financing. The article goes on to say, "Traditional mortgage lending may deliver the most attractive rates for investors..."
There are also some private lenders, but they usually require more down and higher interest. If your own home is paid off, the most attractive rate would probably be found by refinancing your own home and using that money to purchase a rental. If you have equity in your home, you may be able to get a home equity loan in order to purchase a rental home or to get the down payment for the loan on a rental home.
Experts say there is a need for rental units in this market. Why not fill that need while you fill your pocket with money? It's always nice for those renters to buy your rental home for you! With bargain prices and low interest rates, investors are putting money in their pockets after paying the mortgage on their rental units with the money paid by their renters. It's a winner for the landlord, and he gets the tax write-offs too!
Cedar City has several property managers from which to choose that check out the credit and references for buyers and collect the rents. Many investors love this hassle free option. They provide accounting detail which is nice at tax time. For landlords who like to manage their own rentals, ERA Realty Center has a free rent list that may help you find your renter quickly!
For information on rental units and all real estate, please call the Janet Naisbitt-Bagley team at ERA Realty Center at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com for experienced, top training and top service.
Check out the MLS foreclosures, HUD homes, short sales, new construction, and homes priced-like foreclosures at www.homesincedarcity.com. Then call Janet's team at 865-1019 to help you make your real estate goals a reality!
Posted at 07:41PM Mar 27, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Homes Sell Quickly In The Lower Price Ranges in Cedar City, UT, Area!
I was working with a buyer today who told me he had been watching and that homes are selling quickly in his price range. Not only that, they are selling for close to list price and sometimes more if there are multiple offers. Soon after, my assistant came into my office and said homes are selling quickly in the lower price ranges. I told him I had just had that same conversation with one of our buyers.
A few years ago, many local buyers could not qualify to purchase the homes because of the high prices. Now, those buyers are back in the market due to low prices and low interest rates. Their monthly payments are lower than rent in many cases and are very affordable. They are excited with the beautiful homes available. It's like the American dream come true for buyers in this area.
If you are on the fence, I believe buying now would be the time to jump off and find your home quickly before it's sold. Sales prices seem to be inching up. and the inventory seems to be going down. If you find your home, make an offer quickly, and don't be surprised if you are not the only offer on the home!
When you make an offer on the home, the Utah of Association Real Estate Purchase Contract has a period of time for you to complete your inspections including the option to cancel the contract and get your earnest money back if you do not accept the inspections as long as you cancel in writing before the deadline. You can also make objections during that time period and see if the seller will fix problems.
Check out the homes for sale on the MLS at www.homesincedarcity.com including short sales, foreclosures, HUD homes and homes priced like foreclosures. Call Janet Naisbitt-Bagley team today to tour homes at 435-865-1019 or 800-934-3742. You can also email naisbitt@infowest.com for help with all of your real estate needs.
When you find your home, be sure you are pre-approved for your loan. Many bank-owned properties require loan pre-approval or proof of cash in order to present your offer. Call Janet's team at 435-865-1019 for a list of preferred lenders.
Janet's team is experienced, trained and knowledgeable about all of the details of the transaction. They'll work hard to help you make your transaction fun, easy, happy and successful! Whether buying, investing or selling, call Janet's team at 435-865-1019 for top service.
Posted at 06:29PM Mar 23, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Home After Fantastic ERA International Business Convention New Orleans
The convention was amazing! Our Broker tells us to "sharpen the saw." By that he means that we need to keep our knowledge and skills updated, so we can be of utmost service to our clients! We certainly accomplished that goal at IBC!
Training at the convention included the latest technology as well as positive attitude and gratitude training that benefit all of us no matter what we are doing!
We learned the importance of using the latest in technology as well as time-honored individual top service for clients and customers. In spite of the latest advancements in technology, buyers and sellers need top service from their real estate agents now more than ever according to trainers at the convention.
I came home feeling ready and able to continue to give top service and knowledge in one of the most incredibly necessary service career in the country!
Please call Janet Naisbitt-Bagley's team at ERA Realty Center today at 435-865-1019 or email naisbitt@infowest.com. We work hard to give you top knowledge, top negotiations, top service and top results. Call the real estate team that cares about you. We'll help you make your real estate dreams come true.
Check out our free reports, information and homes for sale on the MLS at www.homesincedarcity.com. Find the latest up to the minute data on available homes including short sales, foreclosures, HUD homes and homes priced like foreclosures. Then call Janet's team at 865-1019 for your free tour of homes today.
Posted at 12:57PM Mar 20, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
UAR Reports Exciting News: "Utah's Housing Market Continued to Improve..."
Interview Prep List – January Housing Statistics Headline Message:Utah’s housing market continued to improve in January. Key Messages Unless otherwise indicated, all data comes from the Utah Association of REALTORS®. • Rising home sales and declining housing inventory are boosting Utah’s real estate market. o 2012 was the best January in five years in terms of homes sold. Utah Realtors sold 1,985 homes, townhomes and condominiums in January 2012 compared to 1,865 sold in January 2011—an increase of 120 homes. Among the more populated areas (those with more than 30 sales), sales were strongest in the following counties:SaltLake(up about 30 percent), Uintah (up about 29 percent) andDavis(up about 6 percent). This is the eighth consecutive month that home sales have increased compared to the same month a year earlier. The sales are homes sold by Utah Realtors. They are mostly existing homes but include some new construction as well. • Signs point to a strong spring for home buying. o The number of contracts signed to buy homes (pending sales) in January increased 20 percent, signaling a likely rise in February closed sales. Pending sales measure future home sales activity. o 2,748 contracts were signed to buy homes in January compared to 2,294 contracts signed in January 2011. o The number of January pending sales has not been higher since 2007. o Jim Wood, director of theUniversityofUtah’s Bureau of Economic and Business Research, is forecasting thatSaltLakeCountyhome sales will rise 15 percent in 2012. (SaltLakeBoardof REALTORS® Forecast Report) • Excess housing supply is being absorbed, which should help home prices. o The number of homes available for sale has fallen significantly in the past year. At the end of January, inventory levels were down 24 percent compared to January 2011. o For the past 11 months, inventory declines have been in the double digits, with the number of active listings falling for more than a year. o The number of homes on the market has not been this low since February 2007. (20,102 homes were listed for sale at the end of January.) o January inventories typically rise following the holiday season, but this year bucked that trend with inventories falling about 3 percent from December levels. o At the current sales pace, it would take 7.1 months to clear the entire inventory, the lowest level since July 2007, before home prices began falling. That’s significantly improved from last year’s 10.4 months. o A balanced market typically has a six-month supply. Some counties that are already at or under 6 months are Uintah (4.5 months), Salt Lake (5.4 months), Washington (6.2 months) and Davis (6.3 months). The tighter supply will put upward pressure on home prices in those areas. o New listings were down 12 percent in January, which in combination with higher home sales has pushed down inventory levels. • High affordability, increased homebuyer confidence, low interest rates and improved employment conditions are reasons for the improvement. o The National Association of Home Builders recently reported that affordability inSaltLakehas not been higher since 1993. Nearly 81 percent of homes sold during fourth quarter 2011 were affordable to families making the median income. o The UAR’s Housing Affordability Index is at its highest level on record. AUtahfamily making the median household income had 180 percent of what it needed to buy the median-priced home under prevailing interest rates. (The UAR has tracked affordability since 2006.) o In February, the average rate on a 30-year fixed-rate mortgage was 3.89 percent, the lowest average monthly rate in the history of the survey, which dates back to 1971. (Freddie Mac Primary Mortgage Market Survey) o Utah’s improved employment situation is helping housing. In January,Utahjob growth was up 2.6 percent, compared to a 1.5 percent gain nationally. For the 12 months ending in January,Utah’s economy created 30,300 jobs.Utah’s unemployment rate is 5.7 percent compared to national unemployment of 8.3 percent. (Utah Department of Workforce Services) Most Negative Issues and Responses • FALLING PRICES: o While the median price of $166,000 was down about 7 percent from last year, there are signs of improvement. More lower-priced homes were sold this year, which skews the comparison. During the 12 months ending in January 2012, homes priced $150,000 and below accounted for 39 percent of all home sales. The year earlier that share was only 30 percent. Over the past year, sales of homes priced $150,000 and below have risen nearly 40 percent while sales declined in each of the higher price ranges. The prerequisites to home price increases are happening: increasing sales, decreasing inventory, decreasing month’s supply, increasing jobs, etc. The price situation has improved in recent months. According to seasonally adjusted data from the Federal Housing Finance Agency, Utah home prices actually rose about 0.3 percent during fourth quarter 2011 compared to the previous quarter. This index is helpful because it measures price changes on the same properties, which eliminates the problem of comparing one mix of homes to a different mix. A report from Fiserv, with analysis from Moody’s Analytics, saysUtahhome prices are set to rise 1.5 percent by the end of summer 2012 and more than 7 percent during the subsequent year. That will be the seventh-highest appreciation in the country. (Fiserv) Jim Wood of theUniversityofUtah’s Bureau of Economic and Business Research said in a forecast report thatSaltLakeCountyhome prices would decrease in the first half of the year, but would stabilize by the second half of the year. (SaltLakeBoardof Realtors Forecast Report) Sellers received more of their asking prices. In January, sellers received about 91 percent of their original list prices compared to 89 percent during the same period a year earlier. • FORECLOSURES: o Utah has fewer foreclosures than other states. In January,Utahhad the 12th lowest percentage of non-current loans compared to other states.Utahhad 8.6 percent of loans that were non-current versus 12.1 percent for theU.S.(LPS Applied Analytics) Utahforeclosures have steadily fallen.Utah’s combined foreclosure and delinquency rate peaked in February 2010 when 10.6 percent ofUtahloans outstanding were not current. (LPS Applied Analytics) Utah’s foreclosure rate in January was 2 percent compared to theU.S.rate of 4.2 percent.Utah’s delinquency rate was 6.6 percent compared to 8 percent nationally. Utah foreclosures and delinquencies have fallen from last year. In January,Utah’s percentage of non-current mortgages (including foreclosures and delinquencies) fell 11.4 percent from last year. (LPS Applied Analytics)
Posted at 05:12PM Mar 12, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Recent News: "Pending Home Sales Hit 21-Month High in January"
An email came today from The Council of Residential Specialists with the Subject of "CRS Connect Update: Week of 02/29/12." It mentioned that the "Recent News" is as follows: "*Pending Home Sales Hit 21-Month High in January *New-Home Sales Dip in January *Existing-Home Sales Rise as Inventory Shrinks" I believe this is good news and that buyers should act quickly to find their homes.
Buyers are buying their dream homes and finding their monthly payment to be less than rent thanks to low interest rates and low prices.
We are seeing investors buying rental units. One investor paid above appraised price for a 4-plex. A nice duplex came on the market and received multiple offers including one over $5,000 above list price.
We are seeing signs of a turn-around in our real estate market including multiple offers and offers above list price. It's too soon to know for sure, but I believe now is the right time to buy while there's a sea of opportunity in the real estate world by which buyers should profit.
It's impossible to know the exact bottom of any investment whether it be homes or stock. It's a good thing, in my opinion, to buy now while prices are low and watch them go up.
Check out the beautiful homes for sale on the MLS at www.homesincedarcity.com including foreclosures, short sales, new construction, HUD homes and homes priced-like foreclosures.
Call The Janet Naisbitt-Bagley team at ERA Realty Center top service with every home at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com. You can text Janet's mobile at 435-559-7772. Janet's team will work hard to help you make your real estate dreams come true.
Janet's team is known as the experienced, knowledgeable team that cares about you! Please call today and have a happy home shopping day! I believe you'll always be glad you did.
Posted at 06:55PM Feb 29, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Happy President's Day!
Even though this has not been a holiday from work for me today, I have taken time to be grateful and happy for presidents who have served our great country honorably, faithfully and honestly. Democracy is the proven best way, and I'm thankful for our treasured opportunity to elect our leaders.
Happily, buyers and sellers stilll want to buy and sell their homes on this great holiday. The American Dream of home ownership is alive and well, so I have enjoyed working today. Much of America's workforce still works on this holiday and are grateful to do so.
We all enjoy the benefits of good leaders no matter what age we live in, so have a Happy President's Day whether at work or play.
Whatever your real estate needs, please call the Janet Naisbitt-Bagley team at 435-865-1019 at ERA Realty Center or email naisbitt@infowest.com. You can also text Janet's mobile at 435-559-7772. Janet and her team of licensed assistants will work hard to help you make your American Dreams come true!
See the attractive bargain-priced homes for sale at www.homesincedarcity.com including foreclosures, short sales, new construction and homes priced-like foreclosures! Janet's team at ERA can help you with every home no matter which office has the listing which saves you hours of time.
Whether looking for an investment property or your own home, please call Janet's team at 800-934-3742 for your free tour of homes for sale today! We believe you'll always be glad you did.
Posted at 06:31PM Feb 20, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
Home Inspections Are A Must Even Though They Are The Buyer's Option!
Recently a buyer didn't hire an inspection because he didn't want to pay an inspector. Problems were discovered 2 months after closing, and the buyer had to fix them. Sellers do not always know if there is a problem in their home. They are only required to disclose problems they know about to the buyer.
Many homes in today's market are bank owned. There is not even a seller to contact that knows anything about the condition of the home and property. Most banks never seen the home. An inspection is always a must in my book no matter what home and no matter who the seller is.
The Utah Real Estate Purchase Contract allows time for the buyers to have inspections and complete their due diligence. They can cancel the contract or make a list of objections to see if the seller will fix them. The seller may or may not be willing to fix them. This is a time for negotiations regarding the buyer's objections. Real Estate Agents are trained to help with this process. All of the due diligence and negotiations regarding the objections must be decided by 5 p.m. mountain time on the due diligence deadline.
After buyers complete a thorough inspection of the home and property, I strongly recommend that they inspect the neighborhood, crime rate, churches, schools, and etc. In the January 2012 "Today's Buyer's Rep," there is an article on Buyer Representation that states, "There are also certain things buyer's reps are not allowed to do for you, such as advise you on which neighborhoods are better than others in terms of schools, crime rates or population demographics. Fair Housing Laws state they can only point you to sources of this information, helping you make your own decisions on these and other matters." Ask your REALTOR what sources are available for you to resolve the questions that concern you.
Buyers have the responsibility to do their due diligence before their inspection time period is over. Buyers be sure to make sure that you take the time now when something might be able to be negotiated rather than later after the sale has closed and you have purchased the home as is.
Janet Naisbitt-Bagley will work hard to help your transaction go smoothly. Call Janet's team at ERA Realty Center at 435-865-1019 or email naisbitt@infowest.com for help with all your real estate needs. Check out the homes for sale at www.homesincedarcity.com. Call Janet's team for your free list and tour.
Posted at 10:47AM Feb 17, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
"The Foreclosure Crisis May Be Coming to an End"
Posted at 04:07PM Feb 15, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
What Should Buyer's Know About Buyer Representation Benefiting Them!
As an Accredited Buyer's Representative (ABR), I receive an informative monthly update regarding buyer representation. Often buyers do not understand that it benefits them to have their own agent before they shop for a home. There is an article in January 2012 Volume XX1 Number 1 of "Today's Buyer's Rep" that contains helpful information for buyers regarding agency.
The article explains that a possible dispute could arise between agents if the buyer proceeds with a purchase after demonstrating purchasing interest with more than one real estate agent. The article goes on to explain, "This is one reason why it's in everyone's best interest, including yours, to shop for an agent before you shop for a home, and to formalize your relationship with a signed buyer representation agreement. Buyers have nothing to lose, because you can expect a higher level of service, typically for no additional cost."
Typically, the seller pays the commission and it is shared by the seller's agent with the Buyer's Rep and also split with both Brokers. The buyer typically doesn't have to pay the Buyer's Rep. Either way the seller pays the same commission that's already agreed to in the listing.
When Janet Naisbitt-Bagley represents you when you purchase your home, she and her licensed assistants go many extra miles in order to give you top service. With their top training, top experience and top negotiating skills, they work hard to help you make your real estate dreams come true. Call Janet's team at 435-865-1019 today and experience why they are known as the real estate team that cares about you.
Another reason it is important to have your own buyer's agent is to keep your private information confidential. When you share your financial details, you want the real estate agent to be obligated to keep those facts confidential. If you have a buyer agency agreement signed with your REALTOR, he is obligated to keep that information confidential even if you purchase one of his listings.
However, if you share your private information with the seller's agent without any agency agreement, that seller's agent is obligated to share your private details with the seller because he represents the seller--not you. For example, if you do not have your own agent and you have the seller's agent show you a home, if you tell the seller's agent you want to offer $80,000 for a home but that you are really willing to pay $100,000, that seller's agent has a legal fiduciary responsibility to tell the seller you are willing to pay $100,000. Do you really want the seller to know that up front? NO! Give that kind of information only to your own agent that is representing you.
The article explains, "In return for providing these services and assisting you with various transaction details, buyer's agents expect you to remain loyal to them..." Ideally, you work as a team to achieve the results you want.
The article states, "Most importantly, you should discuss expectations early on . . ." "Taking time to discuss shared expectations at the beginning of your relationship is the surest way to avoid misunderstandings and form a strong partnership--one that allows your buyer's rep to serve you to their greatest ability and help you achieve the best possible result in your home purchase."
Take a look at the gorgeous homes for sale including short sales, foreclosures and other bargains at www.homesincedarcity.com. Then call Janet Naisbitt-Bagley at ERA Realty Center at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com for your free tour of homes that interest you. Experience the difference with Janet's experienced, trained, top service team that cares about you! We'll work hard to make your transaction fun and easy.
Posted at 03:01PM Feb 11, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
HomeSteps Provides Affordable Housing & Benefits Communities
Janet Naisbitt-Bagley attended a HomeSteps/Freddie Mac Road Show at the Utah County Board of REALTORS office in Orem, Utah, yesterday. Buyers would be interested in the excellent presentation Lauren Feild gave to the real estate agents in attendance including the answer to the question, What is HomeSteps? She explained, "*HomeSteps is the real estate unit of Freddie Mac. *We market a nationwide selection of Freddie Mac-owned homes. *The brand, Homesteps, was created by Freddie Mac to market its homes."
Janet Naisbitt-Bagley of ERA Realty Center has represented HomeSteps' Freddie Mac Homes for many years as a listing agent. Janet is impressed with HomeSteps/Freddie Mac, and she feels honored to be working with them to aggressively market their homes to mark them sold.
According to Lauren Feild, HomeSteps' Mission is "*To effictively manage Freddie Mac's credit losses in a way that: *Provides affordable housing opportunities *Benefits communities through renovation and careful marketing of foreclosed homes. Janet loves the way "HomeSteps is a Good Neighbor," and Janet strongly believes in selling Freddie Mac homes!
For a list of Freddie Mac homes in the area in which you have interest, please call Janet Naisbitt-Bagley and her team of licensed professionals at ERA Realty Center at 435-865-1019 or 800-934-3742 or email naisbitt@infowest.com. You can text Janet at 435-559-7772 which is her mobile phone.
For attractive homes for sale in our area, check out the MLS at www.homesincedarcity.com including short sales, foreclosures, HUD homes, HomeSteps/Freddie Mac homes and other beautiful homes today. Then call Janet's team at 435-865-1019 for your free tour of homes.
Janet's team will work hard to help you achieve the results you want with all of your real estate needs whether buying or selling. Janet and her team are known as the real estate agents who care about you. They'll give top service and help make your transaction fun and easy. Call today for help making your real estate dreams come true.
Posted at 03:10PM Feb 02, 2012 by Janet Naisbitt-Bagley in Real Estate | Comments[0]
