Does the Realtor you found on the internet really sell in the areas they say? How to find out and save yourself huge disappointment.
You are like many internet searchers out there. You do a reasonable amount of searching - you research the area, the activities available, the schools, parks, property taxes, maybe even the restaurants. You even research to find the Realtor that looks to be the best for your needs. Their website says they serve your area...but do they?
There are no internet police determining whether Realtors actually have sold real estate in the areas they claim to service.
When Realtors create their websites they choose certain cities they clain to service. There are no internet police determining whether they actually know the areas , have made any sales in the areas or for that matter have ever even visited the areas they claim to service.
I've seen it time and time again. Especially here in Park City Ut with America's Largest Ski Resort, Park City Mountain Resort. Realtors all over Utah have Park City on their list of areas they service. They want to sell that expensive home here just like the local Park City agents do. There's one problem - not only do some of these agents live 30-70+ miles away, they do not know the areas nor the neighborhood nuances. Most have never sold a home in Park City or Deer Valley and many of these Realtors do not even have access to the Park City MLS.
I wish there was a little more truth and integrity in this industry. But until there is, the onus is on you, the buyer or seller to ask the right questions.
Asking questions can help ferret out the real local Park City Ut ( or any area) Realtors from the posers.
Here are a few questions you can ask to help determine whether the Realtor you see online that looks so great is for real or just hoping you won't know the difference.
- Ask them to...
Greedy Sellers make costly mistakes
I see it every day. Our Park City Market is looking good. Really good. Homeowners decide it's time to take their equity out of their property and move up ..or down. Awesome idea, Right?
Here is where the problem comes in - they see the home down the street sold for $xxxx. Wow. That's a great price. Mine must be worth $xxxx plus another $100,000. Maybe, but probably not.
I am all for pushing the limits so sellers leave NO money on the table...
I am all for pushing the limits so sellers leave no money on the table, but there are limits to what the buyers will swallow. Say a home on your street of similar size, similar lot size was recently upgraded and sold for $500 per sq ft. about a month ago. The market continues to increase, and your seller thinks that even though their home is not quite as nice and maybe their location is not quite as good, they want to list theirs at $600 per sq ft. Really?
Most buyers have been watching the market via the internet or in person and know exactly what the house down the street looked like. They will have a hard time paying much more for your home even if it is of the exact same quality let alone if it is lesser quality.
Don't make this costly mistake. Remember the old "Bird in the hand" adage? In theory this buyer is already excited about your neighborhood or they wouldn't be watching it. Buyers will wait until a better value comes along and grab that one. Don't get greedy and they will realize yours is a great opportunity and not an overpriced mistake.
Want to know what your home is worth in Park City Utah? Call me today!
PARK CITY UTAH 2015 YEAR END REAL ESTATE STATISTICS
Park City, Utah – January 26th, 2016
Summit and Wasatch County property prices rise at a steady market pace in 2015
At the end of the fourth quarter of 2015, the year-end statistics reported by the Park City Board of REALTORS® indicated a slow but consistent annual increase in both the number of closed sales and the median sales price for single family homes, condominiums and vacant lots in Summit and Wasatch Counties.The total dollar volume for 2015 was up 10% over 2014, reaching $1.85 billion, with single family homes sales accounting for the highest dollar volume by property type.
Single Family Home Sales
Within the City Limits (84060), the median sales price of a single family home was 17% higher than the year before, reaching almost $1.52 million, but the number of closed sales decreased by 12%.
By neighborhood, Old Town had the highest number of closed sales with a total of 52 with a 6% increase in median sales price to $1.31 million. Thaynes Canyon had the highest jump in median sales price – up 46% from 2014 to $1.82 million with a total of 11 closed sales for the year. Park Meadows had seven fewer sales than last year but the median sales price was up 11% to $1.44 million. In Prospector, the median sales price increased 6% to $740,000, but there were only 11 closed sales for the year (down 39%), which demonstrates how low inventory of active listings can affect the number of sales in certain neighborhoods.
“Higher median prices of homes within Park City Limits and lower number of unit sales is reflective of demand outpacing inventory."
SUNDANCE FILM FESTIVAL
PARK CITY UTAH, JANUARY 21-31
Yes, it's that time again. The star studded Sundance Film Festival is a fabulous opportunity to step out into Park City, looking and feeling expensive and luxurious to part in first run movies, movies by new directors and writers and storytelling like available nowhere else. Is there an Oscar Winner out there? Maybe. But you'll never know if you don't watch. Don't forget to attend the parties too!
I'm not a movie afficianado, I had chose one movie in each category I would like to see. Not necessarily for the artistic value but just because.
See below for links to the different Sundance Film Festival 2016 categories AND movies that look interesting...
US DRAMATIC MOVIE GUIDE
Goat - Just on the name you have to wonder if it's worth a watch, plus Nick Jonas is in it!
US DOCUMENTARY MOVIE GUIDE
Bad Kids - One person making a huge difference in kids lives
Sellers - Do you want to sell your home or not?
I haven't written in a while but this subject has been driving me crazy for quite a while. OK - here we go!
Sellers, do you know what it takes for the Buyer's agent to set up a weekend of showings for a client ?
We agents search through sometimes hundreds of listings to dial down the best choices for our client based on their desires, compile that list set up a showing schedule geographically and design it to not overwhelm the client, and try to figure out how much time the client will want to spend in each home to make sure the day flows properly.
Not so tough right? Wrong. One of the most challenging aspects of setting up our clients to see YOUR home is the fact that the agent must be present for showings. Ugh! Really?
One of the most challenging aspects of setting up showings is when the seller's agent must be present for showings.
Let's look at some of the possible reasons...
Is it because you don't think the buyer's agent knows enough about your house/neighborhood/area?
Is it because you feel that your possesions will be at risk if your agent is not there?
Is it because you want your agent to "sell" the house while the client is in your home?
Is it because your agent has convinced you it is best if they are there during showings?
Let's talk about how this decision to require that the agent be present can effect your ability to sell your home.
1. When setting up first time showings for a client, buyer's agents show not only homes that fit the buyer's wish list, but homes that are easy to show. Don't tell me I have to totally rearrange the schedule I have spent hours creating because your agent can't be there when I am in your area. Often times your home gets...