Consumer Information 
Tips and advice for buyers and seller regarding real estate transactions and decisions.
There are currently 15 blog entries related to this category.
St. George Real Estate Market Statistics November 2011
Tuesday, November 15th, 2011 at 12:46pm. 695 Views, 0 Comments.
I've neglected the housing statistics for so long, that even I am excited to find out what's going on the in the St. George real estate market. Thanks Brian for the push I needed to get this information up to date.
Let's take a look at the general stats for greater St. George residential as of November 15, 2011:
ACTIVE: 1,171 of the 1,171 "active" 295 homes are distressed which equates to 25% of our inventory is of distressed status (short sale or foreclosure).
SOLD: 249 (from 10/1/11 through 11/14/11). Of the 249 SOLD homes, 78 sold homes were of distressed status which equates to 31% of the sold homes were of distressed status.
Hurricane Utah Real Estate Market Conditions
Hurricane has been badly neglected on these posts,…
St George Utah Real Estate Market Absorption and Statistics
Sunday, June 5th, 2011 at 10:43am. 893 Views, 2 Comments.
Here is a St. George Utah real estate market snap shot illustrating market absorption for residential property in St. George for May 2011 and a year to date analysis as well.
Our St. George market is changing. While it's accurate to state that we have improved, noting that inventory is down and sales are up, it's to soon to determine if we have truly hit bottom and we are now in an upward trend, or if we are simply having a few great months fueled by low interest rates and rock bottom pricing.
May statistics showed (St. George Residential) a total of 1206 active, of which 239 were new listings, 142 sold listings, and 187 went pending. Just to focus on the last two numbers, it's interesting to point out that a total of 329 homes sold/went…
The Down Payment Saves Money
Sunday, May 15th, 2011 at 8:18am. 403 Views, 1 Comments.
Are you considering a home purchase in St George, Utah? Here is some useful information regarding your down payment. A down payment is the amount of money that a buyer puts down on the home they are purchasing. That is simple enough to understand. However, the importance of a down payment goes beyond just that explanation.
Simply put, as an example, if a house costs $200,000 and the buyer puts down 10 percent, or $20,000 toward the purchase, they will need to be approved for a mortgage of $180,000. The down payment basically lessens how much of a mortgage you need to take out. This may be the difference between qualifying for a mortgage or not.
However, the benefits of making a large down payment are much more far reaching than simply a…
Top 10 Foreclosure Cities and St George in Comparasion
Tuesday, April 5th, 2011 at 9:20pm. 407 Views, 1 Comments.
St George Foreclosures and the status of the St George housing market is my number one topic with most buyers and sellers. With the looming housing market, there are foreclosures popping up everywhere. Some markets have a wider range of foreclosed homes than others, but just about everywhere is feeling the blow. Let’s take a look at the top 10 cities for foreclosure investors based on the poll done by CNBC in 2010, listed in order by median price:
Pittsburgh, Pa. Foreclosure as a % of resales 10%, Non-foreclosure median price $123,000, Foreclosure median price $35,000
Cincinnati, Ohio Foreclosure as a % of resales 15%, Non-foreclosure median price $141,000, Foreclosure median price $65,000
Columbus, Ohio Foreclosure as a % of…
Understanding What Closing Costs Mean To The Home Buyer
Wednesday, March 30th, 2011 at 11:10pm. 1036 Views, 0 Comments.
Anyone considering buying a home in St George will need to understand closing costs. Closing costs are often overlooked, it is important that the buyer understand all of the costs involved in purchasing a home in St George or Hurricane areas. These costs go beyond the purchase price. Inspections, lender fees, appraisals, surveys, and other due diligence requirements.... the terminology used in real estate can be extremely confusing for first time home buyers and to those who may not have purchased in many years. What's more, realizing who pays for these things can be even harder to figure out.
What Are Closing Costs?
Real estate agents, title company officers, and mortgage providers deal with real estate transactions on a daily…
Discover The Benefits of Working with a Buyer’s Agent
Thursday, March 24th, 2011 at 10:39pm. 894 Views, 0 Comments.
For most home buyers in St George Utah, the purchase of a home is the single most expensive and complicated transaction a person will ever experience. In addition, people typically only have the experience one, two, or three times during a lifetime so they never become accustomed to the process. The requirements for a real estate transaction constantly change over the years, because of this, there are many benefits of working with a buyer’s agent who can successfully guide, advise, and navigate the path to home ownership.
A Buyers Agent Deals With Multiple Transactions Every Month
A buyer’s agent utilizes their knowledge of the real estate market to help their client acquire their home. By using years of first-hand experience…
Hiring A Real Estate Agent – Avoid Common Pitfalls With A Proper Interview
Friday, March 18th, 2011 at 9:40pm. 3269 Views, 0 Comments.
The number of sold homes in St George is on the rise, and more homeowners are considering selling their home. Hiring a real estate agent to help you sell your home is a smart decision, but there are many pitfalls to avoid in order to ensure you are hiring the best qualified professional for you. By understanding what an agent does for their client, why they do it, and what their systems are, it is possible to not only successfully sell your home, but have a pleasant experience as well.
In essence, real estate agents work for themselves, developing their own way of marketing and selling homes, so every real estate agent is different. These differences may be slight, or they may vary greatly, but the only way to discover what services each one…
Common Mistakes Made By a For-Sale-By-Owner
Tuesday, March 15th, 2011 at 10:20am. 219 Views, 0 Comments.
St George For Sale By Owner, also known as “FSBO”. Selling a home may seem like a simple task, one that only entails a 'for sale' sign, a few flyers, and possibly posting the home on Craigslist (not recommended) or other mainstream venues, but there is much more involved than meets the eye. Real estate agents help countless people buy and sell homes, attend many hours of education, and develop systems, all in an effort to guarantee successful, smooth, real estate transactions. Homeowners who decide to sell on their own usually make many mistakes, some of which they are unaware of, that can come back to haunt them. Let's take a look at the most common mistakes made by the homeowner during a for-sale-by-owner listing:
1. Emotional…
Pricing A Home To Sell – Making Smart Decisions In A Buyer's Market
Saturday, March 12th, 2011 at 8:56pm. 982 Views, 0 Comments.
Pricing A Home To Sell in St George– Making Smart Decisions In A Buyer's Market
Are you selling your St George Utah home? In the process of selling a home, the single most important item to address is pricing. Pricing a home has several factors which must be addressed in order for the outcome to result in successfully attracting a buyer. This is especially true due to the fact that St. George is currently experiencing what is termed a “buyer’s market.”
A “buyer’s market” is, in simple terms, one in which there are more homes for sale than there are buyers for those homes; basically a glut on the market. One reason for the surplus of inventory is a result of the banking industry experiencing a record number of homes they have…
What The St George Homeowner Should Expect From Their Agent
Saturday, March 12th, 2011 at 10:22am. 825 Views, 0 Comments.
The Seller And Real Estate Agent Relationship - What The Homeowner Should Expect
Selling in St George? If you are considering selling your home in St George or Hurricane, you may want to know what you can expect. We all want the sale of our house to go smoothly. We know that somewhere between sticking that sign in the front yard and packing up the moving van, there are a lot of details that need to be handled. With these details comes stress, all bundled up in emotion. Selling our home means more than signing on the bottom line. That's where hiring the right real estate professional can be invaluable.
Listing your St. George home with a trustworthy real estate agent that you feel comfortable with can save a lot of money and…