5 Reasons to Sell Your House This Summer with Utah Realty
Here are 5 compelling reasons listing your home for sale this summer makes sense.
1. Demand Is Strong
The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.
2. There Is Less Competition Now
Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.
Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.
3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)
4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.
5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.
That is what is truly important.
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Both mortgage interest rates and home prices are projected to rise throughout 2019. If you plan on buying a home this year, the time is now! Let's get together to discuss your plans today!
What You Need to Know About Private Mortgage Insurance (PMI) Utah Realty
What You Need to Know About Private Mortgage Insurance (PMI) Courtesy of Utah Realty Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that...
Utah Gen X Time For Your Dream Home
Time for Your Dream Home, Gen X! During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation...
3 Things to Know in the Housing Market Today in Utah!
3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of...
2 Myths Holding Back Utah Home Buyers
2 Myths Holding Back Home Buyers Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of...
What is the Cost of Waiting Until Next Year to Buy?- Utah Realty
Will Home Prices Rise In 2019
What is Important to Boomers when Selling their House
What is Important to Boomers when Selling their House? If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer...
The Feeling You Get from Owning Your Home – Utah Realty
The Feeling You Get from Owning Your Home We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept...
Top 5 reasons to own a home
June is National Homeownership Month
Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home?
Housing Affordability Index Today
The Ultimate Truth about Housing Affordability Courtesy of Marty Gale Utah Realty There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the...
Utah Realty – Utah is Number Three with New Homes Built
Utah Realty – 2 Things You Need to Know to Properly Price Your Home
2 Things You Need to Know to Properly Price Your Home In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high...
Remember Our Fallen Heroes
All Gave Some. Some Gave All. The Memorial Day of May 27th 2019 We remember, today and always.
Utah Realty Blog of the day – Impact of home staging
The Impact Staging Your Home Has On Your Sale Price. Utah Realty educational blog of the day Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that...
Should You Buy a Home Now or Wait Until Next Year?
Top Days to List Your Home for Sale in Utah by Utah Realty
Top Days to List Your Home for Sale Some Highlights: ATTOM Data Solutions conducted an analysis of more than 29 million single family home and condo sales over the past eight years to determine the top days to list your home for sale. The top five days to list your...
Are Older Generations in Utah Really Not Selling Their Homes
Are Older Generations Really Not Selling Their Homes? Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers...
Searching for your Utah Dream Home
Starting the Search for Your Dream Home? Here Are 5 Tips! In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In...
Utah Home Prices
Salt Lake City's Home Prices Keep Climbing Salt Lake home prices have increased nearly 47 percent over the past five years, and more than 371 percent since 1991, according to a recent report by the Federal Housing Finance Agency. Nationwide, home prices have...
Parents of Utah Graduates, Are you about to be empty nesters!
Utah Realty Presents A Tale of Two Markets
Utah Realty Presents A Tale of Two Markets [INFOGRAPHIC] Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those...
South Jordan Utah Home Buyers are Optimistic About Homeownership
Home Buyers are Optimistic About Homeownership! When we consider buying an item, we naturally go through a research process prior to making our decision. We ask our friends and family members who have made similar purchases about their experience, we get opinions and...
Utah Realty Tip of the Day! Access Important to Getting your Home Sold
Why Access Is One of the Most Important Factors in Getting Your House Sold! So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your...
Cost of Renting vs Buying – Utah Realty
The Cost of Renting vs. Buying This Spring Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a...
Your Fabulous New Dream Home is Now Available
Your Fabulous New Dream Home is Now Available Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a...
How Quickly Can You Save Your Down Payment
How Quickly Can You Save Your Down Payment? Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save...
5 Reasons to Sell Your Homes this Spring in Utah
Low Inventories Leave You Choices That Take Some TLC
With Inventory Low: Will Your Dream Home Need Some TLC? According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are...
Utah Realty can Knock out a Great Deal for You
Selling Your House: Here’s Why You Need A Pro In Your Corner! With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate...
Homeowners – Now Is A Good Time To Sell Your House
Homeowners: Now Is A Good Time To Sell Your House Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell...
Buyer Demand Surging in Utah as Spring Market Begins
Buyer Demand Surging in Utah as Spring Market Begins Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However,...
Are Low Interest Rates Here to Stay
Are Low Interest Rates Here to Stay? Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last...
3 Questions You Need To Ask Before Buying A Home
3 Questions You Need To Ask Before Buying A Home If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is...
Utah Has The Highest Employment Growth
Why should I use a Realtor® to sell my home
Why should I use a Realtor® to sell my home? By Marty Gale Does selling my home myself save me money? I recently received a call from a Mortgage originator (Loan Officer) that is a friend of mind. What prompted me to write this article was a discussion he had...
home price appreciation each month for over a year
Home Value Appreciation Stops Falling, Begins to Stabilize The percentage of home price appreciation on a year-over-year basis has decreased each month for over a year. The question was how far annual appreciation would fall. It seems we may now have the answer. In a...
Celebrating a Closing
Yvonne is celebrating the purchase of her lovely rambler home. Congratulations Yvonne!
Utah Buyer Demand Will Be Strong for Years
Home Buyer Demand Will Be Strong for Years to Come There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while...
Pet-Friendly Homes Are in High Demand
Why Pet-Friendly Homes Are in High Demand One of the many benefits of owning your own home is the freedom to find your ‘furever’ friend. By pointing out the aspects of your home that make it ‘pet-friendly’ in your listing, you’ll attract these buyers, rather than...
Selling Your Family Home is a Type of Loss
Selling Your Family Home is a Type of Loss It’s easy to tell yourself that your house is just a building made of walls and ceilings and light fixtures and flooring, but when it comes time to sell, you may start to feel the sting of grief. After all, you don’t know if...
3 Graphs About Today’s Real Estate Market
3 Graphs that Show What You Need to Know About Today’s Real Estate Market The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates...
Now is the Time to Move-Up
Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the...
Utah Home Prices Top Three In the Country
Utah home prices increased 9.80 percent in the fourth quarter year-over-year, giving the state the third fastest growing home prices nationally, according to the Federal Housing Finance Agency. Idaho was No. 1, with prices there rising 11.93 percent. North Dakota was...
what credit score do you need to buy a house in utah
What Credit Score Do You Need To Buy A House? There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are...
What’s Going On with Bidding Wars?
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Home Prices Coming In for a Soft Landing
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Interest Rates Twelve Month Low
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Owning a home is a great way to build family wealth
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3 Tips for Making Your Dream Of Buying A Home Come True
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Housing Crash in Utah
3 Reasons Why We Are Not Heading Toward Another Housing Crash With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of...
first time buyer?
Ready for some Baby Steps Start looking for homes at https://Utah RealtyPlace.com/buying Let Marty be your guide to a new home! After all his is the most interesting Realtor in Utah! https://youtu.be/lqHiZgEy074
How To List Your Home for the Best Price
How To List Your Home for the Best Price If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the...
4 Questions to Ask Before Selling Your House
Why It Makes No Sense to Wait for Spring to Sell
Why It Makes No Sense to Wait for Spring to Sell The price of any item (including residential real estate) is determined by the theory of ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item...
The Difference Having a Professional on Your Side Makes
The Difference Having a Professional on Your Side Makes In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with...
Utah Housing Loan Changes
Did you know? Utah Housing has made some changes to our Loan Programs; these changes will become effective with Mortgage Purchase Agreements (interest rate locks) issued on or after February 11, 2019. https://utahhousingcorp.org/ HomeAgain: May include an...
Buying a Home this Year?
Utah Realty Market Statistics for December 2018
Housing Market Statistics for December of 2018
Average Home Mortgage Rates Over Time
With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage...
The best time to sell in Salt Lake and Utah County
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Question??? Want to get the most money from the Sale of your Home?
Want to Get the Most Money from The Sale of Your Home? Use These 2 Tips! Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to...
Year End Single Family & Condo Home Sales for Utah 2018
Utah Realty Magazine January 2019
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Top Renovations to Complete Before Selling
Where is the housing market going in 2019
Selling your home The Sweet Spot
Happy Holidays A Home of your own is the best present
Happy Holidays! A Home of your own is the best present ever! https://bit.ly/2Rz3NUA
back to a normal housing market in 2019
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Five Reasons To List Your Home During the Hollidays
Utah Realty Intro
Best of the West Award Utah Realty
The Difference an Hour Will Make This Fall
buying a home can be scary
Fall Winter Millennial Guide to Home Ownership
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Will Home Prices Continue to Increase
There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational...
Preparing your home to sell
Wondering what your home is worth? Click for a free no obligation Market Value Range
Home Ownership is for All Generations
Salt Lake County Homes for Sale Low Price to High Price
Enjoy October
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Is your Moving Company Safe?
Find out on this Federal Website if the Moving company you want to use is safe. Moving Company Nightmare Courtesy of KSL.com KSL Investigates: A moving company nightmare
Utah Home Buyer
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Home Affordability Factors
https://bit.ly/2P552tr Don't tell anyone but here is the secret link to daily home updates! Click Here How does my home compare to my Neighbors? Find out at Home Value
Buy now or Wait
https://bit.ly/2NgbA6L Call us today to talk to a Master Certified Negotiation Expert & Certified Residential Specialist! Find out your options. ITS FREE TO ALL CONNECT UTAH MEMBERS Text or Voice Marty @ 801-205-3500 Laurie @...
New Shift in The Real Estate Market
National Hottest Real Estate Markets
Salt Lake City used to be one of the hottest real estate markets in the country, but now is ranked No. 116 out of 300 metros in the month of August, according to Realtor.com. Salt Lake is a "slightly hot" market that is "cooling down." Median...
Where are Interest Rates Headed 2019
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Where Are Interest Rates Going?
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Days on Market April to June of 2018
Hot Sellers Market is Cooling of as Fall Approaches Stats are for April, May, and June of 2018 Secong Quarter of 2018 (April-June) An article in Realtor Magazine. The fall season is cooling down more than the temperature outside; it's also putting a...
What Are New Home Prices Doing in Utah
Four Reasons to Sell This Fall With Utah Realty
Real Estate Reality Show Myths
https://bit.ly/2w14Wve Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House...
What does Backup Offer Mean
Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business...
Mortgage Lending Video 2
Now that you're ready, it's time to get Pre-Approved. Let's take a look at how that works! Find the Right Lender for You! Our Trusted Lenders
Closing The Sale Video 5
Your offer got accepted, CONGRATULATIONS! But don't start moving in yet, there is still the Escrow process which takes an average of 30 days but can be as long as 6 months or as short as 3 days! Our Title People are Real Super Heroes!
The Offer Video 4
It's everything you dreamed of! The perfect size, ideal floor plan, prime location, you have no problem calling this "Home" .... except it's not your's yet. Let's get into the Offer and Negotiation Process! Here's a little tip. Find a real certified...