There are many great things about living in Tooele. For one thing, it’s easy to find people you know. Walk into any grocery store…or Walmart! You’ll run into lots of folks. They ask about your family, your car, the latest football score…and the real estate market! I can’t tell you how many times I’ve heard […]
Everyone talks about “The Fed” dropping rates…What’s it mean?
We’ve been cussing the Fed for several years now, mostly because they took such an aggressive approach to interest rates in order to slow inflation. While I agree with the need, I’ve hated the method! A more graduated approach might have left the housing market much more healthy and allowed us to fix some of […]
The right agent is more important than ever!
There have been big changes in the real estate industry that took effect in the last couple of days. Actually, they aren’t as big as you may be hearing in the media, social or traditional. Within the industry itself, there is borderline panic! I wasn’t sure why at first, but I may have a better […]
Pricing is more vital than ever!
We’ve been dealing with this forever, but never more than recently. Many sellers are sure they know what their home is worth, based on really poor information. Utah is a “non-disclosure” state, buy custom, not by statute, although that may change. That means the only place you can really get comparable for your home is […]
Does an election make a difference?
There’s a school of thought that says that a Presidential election has an effect of the housing market, specifically interest rates. One reason might be that with housing being such an economic driver in our country, in behooves the incumbent to have a great economy to help them get reelected. Or, in the words of […]
What’s your ideal rate?
People are citing rates as the single biggest reason they aren’t buying. But, is that the news talking or do you KNOW what rate you need? Rates are down around 6% today, which seems to be a magic number for many. We’d love to see something in the 5 1/2% area, which would be a […]
‘23 is over! Good thing or bad?
I’m not going to lie, 2023 was a brutal year for Real Estate. Whether it was just perception of an impending “bubble” burst (nope) or the very real effect of a huge jump in interest rates without a corresponding increase in income to keep up with overall inflation, people weren’t listing much. I get it, […]
Rates are up!, No, they’re down!
If you’re like me, you check the rates every day. It’s a habit for us. The housing market has been very reactive to rates the last year or two. That said, checking the rates every day can give you a false sense of real trends. In this business, trends matter, and the current trend is […]
The sky isn’t falling…neither are home prices!
It seems like there are a couple different factors keeping potential buyers on the sidelines right now. High(er) interest rates and potential for falling home prices. Obviously, rates are affecting buying power, but rates are starting to come down and are also being bought down a bit. As far as price, if you are waiting […]
Prepping Your Home for Sale
Follow these tips when preparing your home for sale: Stage each living area to help potential buyers imagine living in that space. Keep all rooms clean, including children rooms. Remove clutter and extra furniture to help the space feel clean and larger.