Get Multiple Offers on Your Home

You may have been talking with a neighbor or simply heard a snippet on the radio or television, but suddenly you are aware that right now is a “seller’s market.” Thoughts of an instant million dollar sale of your home or timing the selling of your home may be coursing through your brain and if so, you should consult with a knowledgable real estate agent to get the inside scoop. Many areas are experiencing low home volume and high demand which could place your home for sale in prime position.

As a home owner, you may not understand the technicalities behind multiple offers and so working with a local real estate agent can provide you with the much needed guidance you’ll require to navigate your home sale. There are some simple steps that can aid you in getting multiple offers and the basics are outlined below.
<h3>Sell Your Home For More Money</h3>
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    <li>Stage Your Home for Sale - In a “seller’s market,” potential buyers know they need to act fast to put in an offer on the house (or houses) they like. Make sure yours is on that list by tending to every detail, cleaning well and listening carefully to suggestions made by your real estate agent.</li>
    <li>Spread the Word - From hosting a Broker’s Preview to the open house and other advertising, make sure that your home for sale is being properly promoted. Attention must be drawn to your home in order for it to be seen and offers to be submitted. Give your home the promotion it needs or find a real estate agent who will, so you can wait for the offers to roll in.</li>
    <li>Ask for a Lockbox - To have multiple offers, multiple people need to view your home (in staged condition) at all times. Realize that getting your home sold quickly will likely mean a bit of inconvenience for you in the short term. The sooner you accept an offer, however, the less time you’ll need to spend adjusting your lifestyle.</li>
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If you need more advice or simply want a real estate agent you can trust with your home, please don't hesitate to call.  Lori Fleming  your Weber, Davis, Morgan and Box Elder agent.  I'd love to get you multiple offers!

Foreclosure filings slow in Utah but spike elsewhere - Utah Down to 15th Nationally

The Salt Lake Tribune noted in the article below that Utah is down to 15 now in foreclosure. This is good new for consumer confidence.

With the lack of inventory on the market,  the number of buyer rising and interest rate at a 40 year low this is a great time to sell your home.

One thing to think about when deciding to sell your home is the number of homes you will be competing with (supple and demand) this will help you as a seller to get a high price for your home. So let get that home on the market and get you the highest price possible.

Call me today for more information

 

THE SALT LAKE TRIBUNE

First Published Mar 15 2012 07:21 pm • Last Updated Mar 15 2012 11:57 pm

Utah, which had one of the nation’s highest rates of foreclosure filings for much of the past two years, has eased back to 15th highest, a new report shows.

With a rate of one in every 721 households receiving some sort of notice in February, Utah is faring better than the national rate of 1 in every 637 households, according to foreclosure-listing firm RealtyTrac.

Nevada continued to post the nation’s highest rate last month, with one in every 278 households in the state receiving a foreclosure-related filing. That’s more than twice the national average.

Foreclosure activity surged last month across about half of the nation’s states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo because of delays stemming from foreclosure-abuse claims.

The increase occurred across 26 states where the courts supervise the foreclosure process. In contrast, the 24 states where the courts do not play a role in the process saw activity decline in February, RealtyTrac Inc. said Thursday.

Utah, which falls into the latter category, saw foreclosures drop by 61 percent from February 2011 to the same month this year, according to the report.

Although uneven, the pace of foreclosures is accelerating after a $25 billion settlement reached last month between the nation’s biggest mortgage lenders and officials in 49 of the 50 states (including Utah). The settlement was tied to the industry’s foreclosure abuses.

Major banks temporarily put foreclosures on hold in the fall of 2010 after claims surfaced that lenders and mortgage servicers were processing foreclosures without verifying documents. As a result, many homes that would have normally ended up foreclosed were left in a procedural limbo, particularly in states where courts play a role in the process.

But that logjam has begun to ease, and banks are moving to sort out their roster of problem mortgages.

That means potentially more foreclosed homes hitting the market this year that could drag down the value of neighboring homes.

story continues below

Among states with a judicial foreclosure process, foreclosure activity rose 2 percent last month from January, and climbed 24 percent from February last year, the firm said.

Foreclosure activity across states without a court-supervised process fell 5 percent in February from the previous month and declined 23 percent from a year earlier.

RealtyTrac bases foreclosure activity on filings that signal when a home is in some stage of the foreclosure process — an initial default notice, a scheduled home auction or a home repossession, which is when a property goes back to the lender.

Overall, U.S. foreclosure activity dipped 2 percent from January and was down 8 percent from February last year. Taken individually, some states registered far higher increases in foreclosure activity last month. Banks repossessed 63,834 U.S. homes last month, down 4 percent from January and a decline of 1 percent from February las

ATTENTION POTENTIAL SELLERS - There are frustrated buyers among us!!

Why is it so hard to find the right home now days with the interest rates so low and buyers willing to buy.

Would you believe it if I told you the inventory is down, seem almost impossible with all the local and national news stations talking about all the foreclosure happening all around us.

I have been working with multiple buyers looking for the right house and running into nothing but disappointment. The homes that are currently on the market are either way over priced due to the fall in the market and sellers not able to clear title,   short sale  which could take month to complete, or the homes are in need a major work and updating...UGGGH

One thing to remember when making on offer on a short sale not only do they take longer but they are usually in need of major repairs.  A family selling a short sale home has falling into a hardship of some kind. If is comes down to feeding your family or up keep of the home that is heading for foreclosure, they are going to chose to feed their family.

I keep hearing this to will pass.

As you can see  Weber County Utah's new listings for September are down 22% and year to date 15%

and in Davis County Utah's new listings for September are also down 24% and year today 17%

 

With this in mind now is a  great time to put your home on the market. DONT WAIT FOR SPRING!! If your home falls under the $300,000 price range and is in ready to sale condition this is your time to shine

Competition is at an all time low allowing you as a seller to get a higher price for your home, also now as we head into the colder months the buyers who are buying are serious buyers, and have to move. 

Most buyers dont like to move in the cold month and nestle down for a long winter nap. Now think about it not only do you have the most desirable home but you have a number of buyers looking.

If you have been thinking about selling and just can't decide let me tell you NOW is the time!!