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        <title>Real Estate Blog</title>
        <link>https://www.bhhsutah.com/blog/tags/salt-lake-city-real-estate/</link>
        <description></description>
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    <guid>https://www.bhhsutah.com/blog/3-things-not-to-do-when-selling-your-home-how-to-sell-your-home-in-utah.html</guid>
    <link>https://www.bhhsutah.com/blog/3-things-not-to-do-when-selling-your-home-how-to-sell-your-home-in-utah.html</link>
        <title>3 Things NOT to do when selling your home | How to Sell your home in Utah</title>
    <description> <![CDATA[ 



 


 







When selling a home, many homeowners make the mistake of leaving behind home problems and issues. If you think your house is perfect and ready for sale after a few days think again There are certain red flags that should be addressed in order to get the most money when selling a house. In this video I discuss 3 things not to do if you want to sell your home, and how to fix them.
 ]]> </description>
    <pubDate>Mon, 28 Mar 2022 13:56:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/salt-lake-city-projected-to-have-the-1-housing-market-in-the-us-for-2022.html</guid>
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        <author>joe@bhhsutah.com (Berkshire Hathaway HomeServices Utah Properties)</author>
        <title>Salt Lake City Projected to Have the 1 Housing Market in the US for 2022</title>
    <description> <![CDATA[ 



By now you've probably heard that Salt Lake City has topped yet another list, this time as the 1 housing market projected for growth in 2022 by Realtor.com. As we've seen in the past, this projection will likely unfold in a similar manner in many of the other markets throughout Utah, including St. George. So what does this mean? What should we expect?


PROJECTIONS


The Salt Lake City metro area is forecasted to see a 15.2 year-over-year sales growth. This comes after an already record-breaking performance during the pandemic (March 2020 – present). Mortgage rates are expected to rise to 3.6 by the end of the year. This means it's in your best interest to buy or refinance sooner rather than later if you're banking on low rates to help you save. Housing supply is expected to recover from COVID lows. Homebuyers should expect competition, but there is room for hope: the for-sale housing supply is expected to rebound from pandemic lows as more sellers plan to enter the market.  Sellers will face more competition. Homeowners who are ready to sell in 2022 are in a good position. However, as for-sale inventory begins to return, sellers will face more competition. 


 


HOW TO PREPARE


Consider your budget carefully and get pre-approved. To navigate these challenges, buyers will want to carefully consider their budget before embarking on their home search. Getting pre-approved can also help you act quickly when an exciting opportunity presents itself. Well-priced homes in good condition will see the most action. Sellers should strategically consider how to price and showcase their home. A professional REALTOR® can help guide you through this process. Hire a professional. A professional REALTOR® can help you navigate this unprecedented real estate market with confidence and purpose. If you or someone you know is considering buying, selling, relocating or investing– we can help 
 ]]> </description>
    <pubDate>Thu, 30 Dec 2021 10:59:00 -0700</pubDate>
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    <guid>https://www.bhhsutah.com/blog/will-home-prices-keep-rising.html</guid>
    <link>https://www.bhhsutah.com/blog/will-home-prices-keep-rising.html</link>
        <title>Will Home Prices Keep Rising?</title>
    <description> <![CDATA[ 



Will Home Prices Keep Rising?


Homebuyers are getting a lot of mixed messages this year. Interest rates are near record lows, but housing prices are still rising. So should you continue to rent or go ahead and take the plunge to buy? That depends a lot on both your needs and where you live. 


You may be wanting more space for home offices, play areas for kids, and more.  You may not have to be close to work, which is one reason why there’s a current exodus out of expensive cities like New York City and San Francisco to suburbs or smaller towns. Another reason is cost. 


According to HomebuyingInstitute.com,  home prices will almost certainly continue to rise through 2021, primarily due to limited supply and strong demand. Interestingly, the pandemic appeared to fuel the housing market. Realtor.com reported that median home listing prices rose 15.4 percent between January 2020 and January 2021. And, in the 50 largest U.S. metros homes sold 12 days faster in 2021.   


 At the same time, the number of homes for sale in January was down 42.6 year over year. That means 443,000 fewer homes for sale which only exacerbates demand.  


Mortgage interest rates hit record lows in January 2021, with nowhere to go but stay the same or go up. You may want to take advantage of that to keep monthly payments low before housing prices rise further.    


Meanwhile, some home markets may level off, while others like Austin, Seattle and Tampa are expected to heat up.
 ]]> </description>
    <pubDate>Mon, 19 Apr 2021 10:03:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/first-snow-in-utah-and-a-utah-market-update-quickie.html</guid>
    <link>https://www.bhhsutah.com/blog/first-snow-in-utah-and-a-utah-market-update-quickie.html</link>
        <title>First Snow in Utah and a Utah Market update Quickie</title>
    <description> <![CDATA[ 



 ]]> </description>
    <pubDate>Wed, 28 Oct 2020 12:14:00 -0600</pubDate>
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    <guid>https://www.bhhsutah.com/blog/6-dangers-of-over-pricing.html</guid>
    <link>https://www.bhhsutah.com/blog/6-dangers-of-over-pricing.html</link>
        <title>6 Dangers of Overpricing</title>
    <description> <![CDATA[ 
















 





 


 


When it comes to getting the most money for your home with the least headaches in the shortest amount of time, nothing can stop that process faster than overpricing. In fact, it's the number one reason houses don't sell.


As a real estate professional committed to happy clients who are eager to get the most from their investment, sharing this information with potential sellers is on the top of my to-do list










 




Timing is everything: Very often a seller asks, &quot;We can always come down later — right?&quot; Historically when your house goes on the market, the greatest potential for buyer traffic is in the first 30 days. By pricing it high with the intention of dropping the price later, you are completely bypassing your best candidates for buyers.




2.Showings shut out: Agents have an obligation to do what is best for their clients. Clearly, showing overpriced listings does not fall into that criterion. With inventory high, agents will undoubtedly choose to show properties that are within their buyer's price range and that meet the current Fair Market Value.


3.Benefits the competition: Unfortunately, when a home is overpriced, it not only sits on the market but acts as a selling point for market-priced homes. It's a cue to buyers to say, &quot;I can get the same house for less&quot;


4.Lender trouble: Even if an agent agrees to list your home too high, and even if you were to find a buyer willing to pay more — these are both BIG IFs — today's lenders are extraordinarily cautious now.






5. Time on market: Overpriced homes will simply sit on the market. Unfortunately, extended time on the market forces the question in a buyer's mind of the possible bigger problems looming within the walls of the property. Put yourself in the buyer's shoes. What's the first two things a buyer asks when they consider a property? What's the price and how long has it been on the market?


6.Lower proceeds: Unfortunately, when a home starts its listing life overpriced, it almost always sells for less than market value. With few buyers to choose from, zero leverage because of time on the market, too high an asking price, and carrying costs to maintain the property; most sellers find themselves getting the least from their investment rather than the most.








 ]]> </description>
    <pubDate>Fri, 18 Sep 2020 11:58:00 -0600</pubDate>
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