November 2008

Buying Direct From the Listing Agent

Thursday, November 13th, 2008 at 7:31pm. 2246 Views, 0 Comments.

Those of you who have read my numerous articles in the past, understand my stance on real estate buyer agents.  I am a firm believer that a buyer will not only receive better representation, but will also achieve a better deal when utilizing the services of a buyers agent; as opposed to buying direct through the listing agent. I was inspired again to reiterate this feeling when I received an inquiry on a property today from a buyer. Once the buyer realized I was not the listing agent, they (respectfully) told me that they have been working on their own, doing all of the legwork to find their next home. They feel that they will be able to negotiate a better deal working direct with any given listing agent. While I respect and appreciate their honesty, I…

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Actual Sales for St George (part two)

Tuesday, November 4th, 2008 at 6:25pm. 855 Views, 0 Comments.

This is part two, from my "Currently Active" article. If you have not read that article yet, check it out here. So what has ACTUALLY sold in the St George Utah real estate market? For the past 30 days (October 3rd to November 3rd) the number of St George Utah single family homes currently reported sold is: 92. (keep in mind that some agencies may not have updated all sales, so this number will likely increase in the next several days or weeks). Here is a breakdown of those sales.

I did a little research, of these 92 homes that were sold, 37 of them had prior recent history. This means that the DOM (days on market) is not entirely accurate. The "history" that I am referring to, is that each of these 37 sold listings were prior cancelled or…

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What's for Sale in St George October 2008

Tuesday, November 4th, 2008 at 5:09pm. 847 Views, 0 Comments.

Here is an "active listings" chart that breaks down all current St George real estate listings by price. As you can see, we continue to have a surplus in inventory. This chart reflects:  active, single family homes in the greater St. George Utah area.  Wow, take a look at the amount of homes that area listed over $500,000. That is a huge percentage for the total numbers, and this is also the price range that is virtually at a selling standstill.

Unfortunately, the DOM (days on the market) figures will not be entirely accurate (yes, it’s probably much higher). Often, agents will "re-list" expired listing (rather than just change the expiration date) or cancel and re-list old property listing in an effort to make the listing appear "fresh". Don’t…

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