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Tagged : St George real estate

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3 Tips For Purchasing a Home That Has Been Foreclosed

Wednesday, May 2nd, 2012 at 1:26pm. 54 Views, 0 Comments.

Like most areas, the foreclosure market remains high in St George. Buyers often feel as though they can achieve their best deal by purchasing a foreclosed home. While this can be true, it is not always the case. If you are in the market to buy a new home, here are 3 tips for purchasing a home that has been foreclosed in St George Utah.

Use a Qualified Buyers Agent

Using a local, qualified buyer's agent is a critical step when purchasing a foreclosed home. Using a local agent can be beneficial for understanding the possible history of the particular home. One problem with purchasing a foreclosed home is that there are NO sellers disclosures. You will purchase this home without knowing any history about it. A good buyer's agent…

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What’s a Short Sale? Short Sale Real Estate Explained

Wednesday, April 18th, 2012 at 11:00am. 122 Views, 0 Comments.

What is a short sale?  What is the short sale process in St George Utah?  Can I get a better deal on a St George short sale property?  Short sales and Foreclosures are NOT the same thing. In “short” a short sale is when a homeowner is facing financial stress and they are attempting to sell the home for less than they own on their loan.  While it is the homeowner who is actually selling the home (the homeowner still owns the property) it is the bank or mortgage provider(s) that will make the final decision on IF and for HOW MUCH they will accept.  Typically here on our St George MLS, short sale listings may be noted as “third party approval required”.  A Foreclosure is when the bank has taken the home from the homeowner and now…

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St George Foreclosure Statistics September 2011

Sunday, September 11th, 2011 at 9:40am. 787 Views, 0 Comments.

Foreclosure activity and market conditions continue to be a hot topic here in St. George.   It’s a condition that affects buyers, sellers, and residents.  There is something going on, a glimmer of light at the end of the tunnel.  It’s still too early to officially call it “stabilization”…it could end up being a train!  It does appear however, that our St George real estate market may be stabilizing a bit. 

Here are the facts:  New construction=UP!  More permits were pulled last month than in any month since October of 2007.  Great news there. 

Notice of Defaults filed:  up a slight bit in comparison to the prior 3 months, but down considerably compared to the past 3 YEARS.  Almost half as many compared to our peak…

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Top 10 Foreclosure Cities and St George in Comparasion

Tuesday, April 5th, 2011 at 9:20pm. 649 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…

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Hiring A Real Estate Agent – Avoid Common Pitfalls With A Proper Interview

Friday, March 18th, 2011 at 9:40pm. 4495 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…

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