Listing Inventory Increases by 25% in Santaquin Utah

Posted on 05/12/2012 by

Santaquin Utah has 149 Homes for Sale in May 2012

The number of homes for sale in Santaquin Utah has slightly increased since December 2011.  The number of homes for sale in December was 112. The number of short sales has dropped from 14 to 7.  The number of short sales, HUD homes and bank foreclosures is declining in Santaquin and throughout Utah County.

The inventory in May is typically much higher than we are experiencing.  We are seeing a shift from the type of homes for sale.  For example we are seeing less Bank Foreclosures, short sales and HUD homes for sale and seeing more home owner selling their homes.  The home owners are finally able to breathe after being smothered by distressed properties for the past five years.  The Santaquin Utah real estate market is finally stabilizing and improving.  The prices are on the rise and the market is the strongest it has been for five years.

Santaquin Real Estate Listing Inventory

The graph below shows the number of homes currently for sale by the home owner which is currently at 149.  Santaquin Utah currently has 7 short sales for sale and 2 bank foreclosures and 1 HUD home for sale.  Santaquin does not traditionally get very many HUD homes for sale.  The number of short sales and bank foreclosures has been declining throughout Utah County.

santaquin-listings

santaquin-listings

Hire a Santaquin Utah Realtor

Are you looking for a local Santaquin Realtor?  Paul Teasdale has been selling homes in Santaquin Utah for 18 years.  A local Santaquin Realtor can really help you find that piece of land or home you are looking for.

Listing Inventory Increase in Springville Utah

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Making an Offer on a Home in Santaquin, Utah

Posted on 04/21/2012 by

Writing Purchase Offers in Santaquin, Utah

Writing a purchase offer on a home in Santaquin, Utah is a very important part of the buying process.  Realtors in Santaquin Utah use the designated Real Estate Purchase Contract.  This is the same form that is used throughout Utah County.  If you are planning to buy a home in Santaquin, you should teach yourself as much as you can about writing a purchase offer.  Here are some tips that you can use.

Get to know the Real Estate Purchase Contract

There are many forms available in the real estate industry.  Knowing the right form to use will save you a lot of time and frustration when buying a home in Santaquin, UT.  Some of these forms might even look similar and seem to be the same.  If you are not sure, ask your real estate agent for some help.  Feel free to contact Paul Teasdale with any questions.  If you are buying or selling a for sale by owner Paul would be happy to provide free forms for you to help facilitate your sale.

real-estate-purchase-contract-utah-santaquin

real-estate-purchase-contract-utah-santaquin

Determine the price you are willing to pay for a home in Santaquin, Utah

If you really want a home in Santaquin Utah you might be tempted to offer the seller an additional sum on top of the other offers that he gets such as “$5,000.00 more than the other offer”.  Unfortunately for you, this type of offer is not always allowed.  You would be better off determining the actual price you are willing to pay and mention this on your purchase offer.  If you are the only bidder on the home you may have the time to negotiate a lower price.

Put Down a Earnest Money Deposit in Santaquin, Utah

A earnest money deposit will make your offer binding on the seller of the home in Santaquin, UT.  This can be in any of several types.  You can use cash, a real estate property, a personal or cashier’s check, or even promissory notes.  Make sure that you determine clearly who will be holding the deposit.  In most cases your Realtor and their brokerage will hold your earnest money deposit on the home.

Disclose your Down Payment

The down payment is usually cash, but it can also be in other forms such as stocks or any other asset.  Whichever you decide to use, be sure to disclose it in your purchase offer.  The more you can put down the more solid you will look to the seller.

Determine the terms of the Offer

There are many different financing terms available when you purchase a home in Santaquin.  Make sure that you inform the seller of which particular type you plan to use.  Most buyers in Santaquin are doing a FHA or conventiional loan.

Contingencies on the Home in Santaquin, Utah

The contingencies are an important part of the purchase offer that you will make on your prospective home in Santaquin Utah.  Put contingencies regarding inspections of the house, appraisal of the house, and loan funding.

Spell out the terms of possession

Buyers and sellers usually have different expectations regarding the possession of the home being sold. Never assume that your seller expects to hand over possession of the property in Santaquin, UT on the same day that you expect it.  Specify the possession date that you want on your purchase offer.  Most offers give the seller 24-48 hours to vacate the home after it has funded and recorded.

Payment of Fees in Santaquin, Utah

Ask about all fees that need to be paid before you make a purchase offer.  Different types of loans will require different fees.  You need to know which fees the seller can and will pay.

Ask for information upfront

If there are some things you want to know about the home in Santaquin that you intend to buy ask about it upfront.  There are some reports that a seller is required by law to provide if the buyer asks for it, so ask for it.  You should always request a Seller’s Property Disclosure form.  This is where the seller discloses all (if any) of the defects with the property in writing.

State the expiration date of your offer in Santaquin, Utah

You should provide enough time for the seller in Santaquin, UT to respond to your offer but you should have a limit too.  Ask your real estate agent about how much time you should provide.  Typically one would give 24 hours for a seller to respond.  If it is Saturday you usually give the seller until Monday.

A purchase offer for a potential home in Santaquin Utah is essential but sometimes, you might get lost in the ins and outs of the process. Why not call Paul Teasdale from Team Teasdale Realty? He has been in the business for over 17 years and he know exactly how to draft an offer than can get you the property you want in Santaquin.

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Santaquin Utah Real Estate Market – Homes are Selling!

Posted on 04/05/2012 by

Homes are Selling in Santaquin Utah

Currently we have 133 homes for sale in Santaquin Utah and 25 Under Contract.  The real estate market is really moving in Utah County.  The market is healthier than it has been in the past five years since the economic depression started.  Our area has really gone through some rough times with a ton of bank foreclosures and short sales in Springville Utah.

The number of homes for sale in Utah County has dropped from around 4,000 homes for sale this time last year to 2,798 home for sale today.  The inventory is declining and the percentage of sales is rising.  The chart below represents active listings in Utah County and the percentage of listed homes that are selling each month.

The listing inventory has fallen off a cliff.  If listing inventory drops and the number of buyers increase we will see a major market shift.  This is simple economics of supply and demand.  Prices will increase and the market will catch fire again.

santaquin-utah-active-listings

santaquin-utah-active-listings

Average Sale Price of Santaquin Utah Homes

The graph below show the average sale price of homes for sale in Utah County.  You can see the average sale price is currently hovering around $200k.  The average sales price has moved from close to $300k per year all the way down to $200k.  This is a huge drop.  I believe the drop is over and the average sale price will increase over the next two years.  The market has been hammered for the past five years and it is showing major life since 2012 began.

santaquin-utah-units-sold-all-residential

santaquin-utah-units-sold-all-residential

Sales Price of Homes in Santaquin Compared to Sold Price

The graph below represents the median sales and sold price of homes in Utah County.  The closer the sales price is to the sold price the healthier the market.  You can see in 2008 and 2009 these lines were far apart.  The market and prices were correcting downward.  Prices felt more stable in 2010 and 2011 and these lines grew closer together.  Notice in 2012 the median sale or sold is sharply increasing.

If you are buying a home in Santaquin Utah you may want to do it soon.  Rates are low at around 4% and inventory is decreasing.  Prices are also on the rise. In my opinion we are hitting a real estate bottom in Santaquin considering the past five years.  If this is true we may see a short squeeze on prices and inventory over the next few years in Santaquin Utah.  If you are selling call me and I will give you a free comparative market analysis (CMA) regarding your homes value.

santaquin-utah-average-list-compared-to-average-sales-price

santaquin-utah-average-list-compared-to-average-sales-price

Posted in Homes for Sale in Santaquin Utah, Real Estate Santaquin Utah, Santaquin Utah Real Estate Market | Tagged , , , , , , , , , | Leave a comment

How to Fire a Realtor in Utah County!

Posted on 04/02/2012 by

How to Fire Your Real Estate Agent in Utah County

Letting go of a professional relationship between a real estate agent is often difficult.  Firing somebody is usually an awkward moment that neither party wants to be in.  However, there are some instances when firing somebody and parting ways is the best option available.  It is also much better to part ways earlier than later.  That is, fire your Realtor before you get to the point where neither of you are willing to negotiate and try to come up with something positive out of the bad situation.  Try to work out your differences before asking to cancel your written agreement with a Realtor.

In most cases, it is quite obvious that a relationship between a Realtor is not working.  However, once the signs become obvious, it may already be too late. If you frequently find yourselves far apart in many situations, it’s a sign that you should think about getting a new agent.

  • When the other party asks you for some requests, do you find yourself eager to help or do you try to find an excuse not to do it?

If you don’t feel at ease and happy to do things for the other party you probably should end the working relationship as soon as you can.  Real estate work requires a lot of interaction between the client and the agent.  If there is no eagerness to work together and help the other, negotiations can become tedious and frustrating.

  • If you receive a message or a phone call from the other party in, do you let it go straight to your voicemail?

Communication is very important in a relationship between a real estate agent and a client looking to buy or sell a property in Santaquin UT.  In fact, problems with communication are the foremost problems pointed out by clients that are not satisfied with their real estate agents.  Without clear and honest communication between both parties, the relationship will undoubtedly lead to negative results and the failure of both parties to attain their goal to buy or sell real estate properties in Santaquin Utah.

Once you have finally figured out that it is in your best interest to part ways with your client or real estate agent in Santaquin UT, you should formally do so.  If you had signed any form of agreement prior to your working with each other, be sure to consult with your lawyer about the ways that you can dissolve it.  Most agreements have clauses in them about such situations and your lawyer will be the best person to advice you about it.

If you are dissatisfied with your Realtor call a meeting.  Sit down and talk about the problems you are experience and see if you can both work it out.  You may want to still buy a home and the Realtor may still want to help you.  The Realtor may not even know you are unhappy.

What is a Buyer Broker Agreement?
Working with Realtors in Lehi

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Why Use the MLS to Find a Home in Santaquin.

Posted on 03/02/2012 by

What is the MLS?

The term MLS is an acronym for Multiple Listing Service.  In this service, every home or property for sale by a Realtor is listed unless it has been specifically identified as exempt from the listing.  This is a great resource to use for anyone who is looking for information on homes for sale in Santaquin, Utah or any other county.  However, there is a catch.  The MLS is only directly accessible to real estate agents and professional affiliates of the service.  This does not mean though that a home seller or home buyer in Santaquin is totally shut out from this information.  A person not affiliated with MLS can still access the information available here but it will have to be through a real estate broker.

The public MLS is now an online service that contains all the specific information available about a home that is listed for sale in Santaquin, UT and other areas.  In its earlier years, when the internet was not yet available, MLS used to be in printed format and it was published regularly on a monthly basis.  As you can imagine, the listing was thick and heavy.  I remember carrying around MLS books 17 years ago.  Buyer always wanted to meet and look at the latest MLS book when it arrived every two weeks.  It was a big deal.

It was also difficult to look for the specific information that was needed, at least not as easy as it is when done online.  Now that MLS is online, real estate professionals can easily input all of the data about homes that they are representing in Santaquin.  Information such as the specific address, the square footage, the number of bathrooms and bedrooms, the age of the house and the upgrades it has gone through, the school districts available and even the types of financing that are acceptable.  There are many photos of the property available while many even have virtual tours of the house.  The MLS works because it allows real estate agents to help each other.  Once a Realtor lists a home, he also offers a share of the commission to other brokers who direct buyers toward hat listing.  View the Public MLS of homes in Santaquin.

santaquin-utah-mls

santaquin-utah-mls

Santaquin “For sale by owners” in MLS

FSBO listings or “For Sale by Owner” listings in Santaquin, Utah are not readily available in MLS.  There is no separate listing for this category.  However, the MLS can still contain listings of this type through “discount real estate agents”.  These agents agree to post the information of the Santaquin property for a discounted fee but don’t really represent the owners of the home.  The best place to find a FSBO home in by looking on KSL.com or driving around and finding signs.  FSBO homes are not always the best values.  In fact, I find many of them are overpriced.  FSBO sellers trying to save commission typically have the same or higher prices than listed properties without the service.

Who owns the Wasatch Front MLS?

The Wasatch Front MLS is owned by the Local Realtor Board Associations. However, it can also be run under other forms of ownership.  Whichever form it takes on though, an MLS is usually covered by the regulations that are provided by the National Association of Realtors. In the earlier years of the ‘80s, MLS companies used to be owned by organizations of Realtors.  Unfortunately, this caused many problems regarding conflicts of interest. This led to most MLS companies becoming privately owned or separate entities.  Additionally, there is a trend brewing where small local MLS companies merge with other small MLS companies to form a bigger MLS company that can provide regional MLS services. This gives MLS companies much more coverage and makes their listings much more comprehensive.  Search Homes for Sale in Payson Utah.

If you have any more questions regarding property listings in Santaquin Utah, you might want to call Team Teasdale Realty. Paul Teasdale will be ready to answer any of your questions. With over 17 years of experience in selling homes and properties in Santaquin, you will be sure that you are getting sound advice.

Posted in Homes for Sale in Santaquin Utah, MLS Santaquin Utah, Real Estate Santaquin Utah, Search the MLS | Tagged , , , , , , , , , , | Leave a comment

Real Estate Market Conditions in Santaquin Utah

Posted on 02/16/2012 by

Secrets for Timing the Real Estate Market

Buy low, Sell high.  This is the credo that you must remember if you want to have a chance at being able to time the market correctly in Santaquin, Utah.  It is admitted by even the most successful real estate agents and brokers that timing the market is a very difficult thing to do. However, you can grab an advantage by preparing yourself properly and giving yourself the needed knowledge to stay ahead of the real estate market in Santaquin, UT.  Currently the real estate market appears to be heading back up.  The first quarter of 2012 appears to have the most activity in the past five years in Santaquin, Utah.

Know the Real Estate Markets in Santaquin Utah

There are three basic types of Real Estate Markets that you should know when trying to buy or sell a home in Santaquin Utah: the buyer’s market, the seller’s market, and the neutral market.  The real estate market becomes a buyer’s market if there are more properties being put on sale than there are buyers looking to make a purchase.  Thus, in a buyer’s market, not every home will be sold.  Directly in contrast to the buyer’s market is the seller’s market.  This is when the buyers looking to buy properties in Santaquin outnumber the available properties or homes that are on sale.  In this situation, almost all of the homes that are being sold will be taken by a buyer.  The third market type, the neutral market, is a situation where the number of properties being sold and the number of buyers are almost at the same level.  This produces affordable interest rates and there are no excessive market swings experienced by both the buyers and the sellers.  I personally prefer the neutral market.  This healthy version of a market creates fair prices and inventory for both buyers and sellers.  The market will be turning from a buyers market to a sellers market in the next few years in Santaquin.

buy-santaquin-utah-home

buy-santaquin-utah-home

Buying in a Buyer’s Market in Santaquin Utah

The best time to buy a home in Santaquin, UT is when the real estate market is a buyer’s market.  Prices of properties are usually at the lowest in a buyer’s market.  Furthermore, sellers are more willing to negotiate in a buyer’s market because they know they don’t have a lot of buyers coming in.  They are also more flexible when looking at offers because they are very few offers to weigh.  On the same note, buyers of properties in Santaquin would also be able to ask for additional concessions such as payment of closing costs, payment of pest or roof inspections, and a home warranty.  Even contingent offers can become quite acceptable in a buyer’s market.  This is where the buyer purchases a home in Santaquin, Utah but the transaction can only be closed once the buyer is able to sell his current property.  This is acceptable for sellers in a buyer’s market because for them, a contingency offer is better than having no offer at all.

What is your Santaquin Utah Home worth?

Selling in a Seller’s Market in Santaquin, UT

Just like a buyer’s market is the best time to buy, a seller’s market is the best time to sell a property or home in Santaquin Utah.  In a seller’s market, real estate properties sell fast and often sell at prices higher than the list price.  Additionally, sellers can easily reject offers from buyers that ask for different concessions without having to worry about losing a potential buyer.  Contingency offers are rarely received in a seller’s market and repair works on homes are not that often requested either.  The last time the Santaquin Utah market was a Seller’s market was from 2004-2007.  I predict it will return to a sellers market in 2013.

List of Short Sale Homes in Santaquin Utah

Sometimes, we do not really know how to identify which market is inclined to the seller or buyer. It’s hard to rely on your gut feel as well when it comes to major investments like buying a home in Santaquin Utah. If you want to buy a home in Santaquin UT, you may need expert advice from Team Teasdale Realty. Paul Teasdale has been in the business for over 17 years, make sure you get that badly needed advice from a real veteran!

Search Bank Foreclosure Homes for Sale in Payson Utah
Search Bank Foreclosure Homes for Sale in Spanish Fork Utah

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Home Buyer in Santaquin, Utah: Searching Homes for Sale!

Posted on 02/16/2012 by

First-Time Home Buyer in Santaquin, Utah

First-time home buyers start the search long before most even realize it.  Their search begins by driving around looking at home in Santaquin and surfing the web.
You should buy a home. That’s what you’ve been hearing from friends and family, right? So, by now you have likely already weighed the benefits and decided that home ownership was the best decision for you. That’s a major hurdle now passed. You are focused and certain. Now let’s find a home. Be sure to gather more information about Santaquin, Utah before making a decision to move to this city in Utah County.

Defining Search Parameters for a First-Time Home Buyer

Over ninety percent of all home searches today begin on the Internet. Buyers looking for homes for sale in Santaquin UT start by searching the web.  With just a few clicks of the mouse, home buyers can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs and aerial shots of neighborhoods and homes. You can even walk around the street of each home on google street view.  I would have never imagined a home search like this twenty years ago.  You can find a home from your lazy boy recliner.  You’ve probably defined your goals and have a pretty good idea of the type of home and neighborhood in Santaquin you want. By the time you reach Team Teasdale Realty’s office, you are halfway to home ownership.

santaquin-ut-home-for-sale

santaquin-ut-home-for-sale

How Many Homes Will a Home Buyer See in Santaquin?

The average number of homes that I show to a buyer in one day is about five. Any more than that, and the brain is on overload. Therefore, don’t expect to see 20 or 30 homes; although it’s physically possible to do so, you probably will not remember specific details about any of them.  In fact, I prefer the buyer to drive by the homes prior to setting up an appointment.  If I give a buyer a list of 10 homes they will typically reduce that list to only about 5 homes after they drive by the homes.  This saves the buyer, Realtor and home owner a bunch of time and trouble.

How Long Should It Take to Buy Your First Home?

In seller’s markets, often I show about three of the best homes.  A few buyers will look for years, but buyers who do that aren’t motivated. A motivated buyer will find a home within a month or two.  Many buyers will find a home within a week in Santaquin.

Good real estate agents will listen to your wants and needs and arrange to show only those homes that fit your particular parameters.  The biggest complaint about Realtors is that they don’t listen.  Some agents will preview homes for you but this is really a waste of time unless you are on the other side of the world.  You really need to see the homes yourself.  In fact, if a Realtor wants to see one of our listed homes in Santaquin and the Buyer is not present we will not allow the home to be shown unless our course their buyer is a few thousand miles away.

How a First-Time Home Buyer Can Rate Real Estate Inventory in Santaquin, Utah

Bring a digital camera and take pictures. Take copious notes of unusual features, colors and design elements of each home in Santaquin. Pay attention to the home’s surroundings. What is next door? Do you like the Santaquin location? Is it near a park or the I-15?
Immediately after leaving, rate each home on a scale of 1 to 10, with 10 being the highest.
View Top Choices a Second Time Before Buying That First Home. After touring homes in Santaquin for a few days, you will probably instinctively know which one or two homes you would like to buy. Ask to see them again. You will see them with different eyes and notice elements that were overlooked the first go-around.

At this point, your agent at Team Teasdale Realty will call the listing agents to find out more about the sellers’ motivation and to double-check that an offer hasn’t come in, making sure these homes are still available to purchase.  It is our job to gather as much information about the home and reason for selling as possible.

Which Home to Buy in Santaquin, Utah

I generally know which home a buyer is going to choose, and I suspect most other agents operate the same way.  I make it a practice not to steer buyers, and I insist that buyers choose the home without interference from me. It’s not my choice to make. Once I get to know my client and their needs it is usually obvious which home is the best match for them. Real estate agents are required, however, to point out defects and should help buyers feel confident that the home selected meets the buyer’s search parameters.

If you are looking for a home to buy in Santaquin Utah consider hiring Team Teasdale Realty.  Visit our Santaquin, Utah home search: Search for home in Santaquin Utah.

If you are looking for homes for sale in Payson Utah: Search homes for sale in Payson, Utah.

Posted in Buying a Home in Santaquin Utah, Santaquin Utah Homes for Sale, Search Santaquin Utah Homes | Tagged , , , , , , , , , , , , , | Leave a comment

Number of Real Estate Listings in Santaquin UT is Declining!

Posted on 01/31/2012 by

 Santaquin Utah is down to 111 Homes for Sales

The number of homes for sale in Santaquin, Utah is declining along with the number of homes for sale in Utah County.  The number of homes for sale in Utah County has dropped to a staggering 2978 homes for sale.  We are seeing less condos, duplexes, single family homes and twin homes for sale in Santaquin Utah.

This is the lowest level of homes for sale in over five years.  The chart below represents the number of active homes for sale each month in Utah County over the past five years.  Notice the purple line.  This is the number of homes available in 2011.  This line has been sharply charting down.  Buyers are buying because of low interest rates, amazing deals on bank repos, hud homes and short sales.  Many of the best buys are gone and the market is starting to show some life after five years of being pounded.

santaquin-utah-homes

santaquin-utah-homes

Inventory is Declining in Payson and Spanish Fork

The declining inventory trend is also occurring in Payson and Spanish Fork.  The number of homes for sale in Payson is down to 109 and the number of homes for sale in Spanish Fork has declined to 314.  This is a very positive sign for those that are wanting to sell and have been waiting for the market to stabilize.

Search Real Estate for Sale in Santaquin Utah

If you are looking to buy a home in Santaquin and are looking for a Realtor consider contacting Paul Teasdale of Team Teasdale Realty.  Feel free to search our database of homes for sale in Santaquin Utah. This database is a live feed from the Realtors MLS and has all 111 homes for sale in Santaquin Utah.  You will also be able to search all 2978 homes for sale in Utah County.

Posted in Real Estate Santaquin Utah, Santaquin Utah Homes for Sale, Search Santaquin Utah Homes | Tagged , , , , , , , , , , , , , | Leave a comment

Home Marketing Tips: How to Take Photos of Your Home in Santaquin Utah

Posted on 01/12/2012 by

Here are a few tips to help you sell your home in Santaquin, Utah

How To Photograph Your Home in Santaquin: Santaquin buyers search for homes online, excellent photos are very important. Listings in Santaquin Utah without a photo or with only one exterior shot are often ignored. Santaquin, UT buyers love looking at photos of homes online. Follow these tips and your photos will look much better. We want your home to stand out!

  • Crop the image of the sidewalk and the street.
  • Do not include the cars in the driveway or those that are in front of the home.
  • Shoot the property up-close or in an angled manner.
  • Avoid the dark portion in your house.
  • Wipe out any vegetation blocking in the front door or those that are on the path near the door.

How To Take Exterior Photographs

For those who do not have any yard on their own, such as those who owned a condominium unit or a townhouse in Santaquin, Utah, consider taking photos of the club house, the swimming pool or the tennis courts that are open to all residences. But for those who have a yard in their home, then make sure that you include this in the photo.
See some of the exterior home photos taken by Team Teasdale Realty.

    • Emphasize the space in your home and shoot long.
    • Clean up your lawn and trim the bushes in it.
    • Remove any evidences that there are pets in your home.
    • Make sure not to include children toys.
    • Do not include the sun in your photo.

How to Take Interior Photos of Your Home

Take pictures of every room in your home in Santaquin. Even if you feel that the room will not result in a good photograph, shoot it still. The quality of the picture might just amaze you and you might find it useable in the future.

  • Open the curtain drapes as well as the blinds.
  • Do not forget to turn the lights on.
  • Focus your shoot on the most interesting details in your home, such as the condition of the floor as well as the mantle near the fireplace.
  • Take away all the trash cans and close the door in the toilet and bathroom.
  • Come up with beautiful floral arrangements on the kitchen as well as on the dining area.
  • Do not take photos in front of the mirror as it will reflect your own image.
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How to Price a Home in Santaquin Utah

Posted on 01/10/2012 by

Pricing a home in Santaquin

It is important to price a home correctly. Don’t overprice a house.  Have a Realtor help you determine your home’s value.  Team Teasdale Realty will help you evaluate your home’s value. When a home is first placed on the market in Santaquin, Utah it is very popular. The longer it remains on the market the less the buyer will typically want to see the home.  After 21 days, demand and interest may decrease. On the other hand, don’t worry about pricing it too low because homes in Santaquin priced below market value often will receive multiple offers, which will drive up the price in the Santaquin market. Pricing a home correctly is very important. Pricing is all about supply and demand. Realtors in Santaquin may not always agree on the price of a home.

Look for Comparable Listings and Sales

  • Check out similar homes that were listed for six months in a certain neighborhood in Santaquin, Utah
  • The list must include homes that were 1/4 mile to 1/2 mile farther, except if there are only few comparables in the particular vicinity or if the home is in a rural area.
  • Consider the dividing lines as well as the physical barriers within the home, such as the major streets and highways, freeways and railroads.
  • Compare the home’s similar square footage and determine if it is 10% up or down from your subject property.
  • Another thing to consider in pricing a home in Santaquin UT is to determine the age of the home – one neighborhood might have homes that were built during the 1950s, while another are built in the 1980s. The cost of two homes in Santaquin will differ significantly due to their age.

Sold Comps in Santaquin Utah

  • Check out the history of expired homes in Santaquin as well as withdrawn home listings so you would know if they were taken from the listing and were just relisted. If they are, add up the number of days they were taken off to the listing time period so as to arrive with the exact number of days the property was listed in the Real Estate market of Santaquin, Utah.
  • Compare the property’s original list price to the final sales price so as to figure out the price reductions.
  • Compare the final price of the home to its actual selling price in order to determine the ratios.
  • Adjust the pricing in accordance with the variances of lot sizes, configuration as well as the amenities and upgrades of such home.

Withdrawn or Expired Homes in Santaquin Utah

  • Find out the reasons why these homes did not sell in the Real Estate market of Santaquin and determine the factors that these expired homes have in common.
  • Determine the brokerage firm that had the listings – Is it a company that sells everything in its listings or was it just a discount brokerage company that spends all their money on marketing the homes?
  • Look for ways on how you could prevent your home from being part of the listing of expired or withdrawn homes in Santaquin, Utah.

Pending Sales in Santaquin, UT

  • The selling prices of pending sales in Santaquin are unknown; until such time that the transaction deal is closed. However, there are some people who will still contact some agents in Santaquin UT to ask for the selling prices of such homes.
  • Be wary of the number of days in the market, for this may have a direct impact on how long it could take before you will see an offer for such home.
  • Look at the history of the home listings in Santaquin UT to figure out the price reductions.

Paul Teasdale has been selling homes in Santaquin Utah since 1995 and would be happy to take a look at your home and help you determine the value.  Request a FREE comparative market analysis of your home for sale in Santaquin UT. Feel free to review our marketing plan to sell a home in Santaquin, Utah.

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