They have very clear goals for their investments
Time Frame: A savvy investor has run the numbers and they have a time frame for how long they are going to hold a property based on the next two goals.
View MoreFor Competition: When you fin the best property for YOU, it is very likely that someone else wants it also. The BEST properties get a LOT of exposure and sell in a reasonably quick time frame here in southern Utah. If you wait, you will lose out.
View MoreNegotiating a property to the best possible price is one way to build instant equity into your property. Remember that buying the property right is the key to your Real Estate investments. So how do you get a seller to take less than they should?
View MoreAfter surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees were than expected.
“Homebuyers reported being most surprised by mortgage insurance, followed by bank fees and points, taxes, title insurance and appraisal fees.”
There are typically 3 types of expenses for a buyer when they are purchasing real estate. The amounts can vary depending on the price and type of property you are purchasing.
If you are looking to buy a home in St. George, I wouldn't put it off to long. The market is getting hot, and we are starting to see quite a few multiple offer situations. I sold a particular home in downtown St. George for $169,000 two years ago and it just recently went back up for sale and had multiple offers on it for $209,000. Did I mention it was only on the market for 2 days?
Don't get Scrooged! StGeorge.properties is tied directly to the Washington County MLS and Zillow and Trulia are not! Don't miss out on your favorite house, be sure to use StGeorge.properties for all of your property searches.
Merry Christmas to you and yours from all of us at Lance Clifford & Associates. We look forward to working with you in 2016.
Cheers,
Lance, Lorraine, and Cheryl
After a number of years of lusterless contribution in the housing market, first-time homebuyers are enjoying a boost from the Federal Housing Administration (FHA) this present year.
During the past year, homes sold to first-time buyers stayed at 29 percent for the 2nd straight year, which, as outlined by a study from the National Association of Realtors (NAR), is that demographic's weakest market share since the year 1987. On top of that, existing-home sales as a whole slipped 3.1 percent from its 2013 value.
Know Your Market
Let's face it, in order to get the very best deal possible, you need to know what the market value is. A savvy buyer and a professional agent are going to be market experts. They will be able to identify what market value is and then negotiate to get BETTER THAN MARKET VALUE.
Negotiating a property to the best possible price is one way to build instant equity into your property. Remember that buying the property right is the key to your Real Estate Investment(s). So, how do you get a seller to take less than they should?
As a buyer, it is important to recognize the difference between getting a great price and BUYING QUALITY PROPERTIES AT A DISCOUNT. Price is only part of the evaluation of a property. You do not have to look further than some of the Bank Owned Foreclosures and Short-sales in southern Utah to see the difference.