1.) The Buyer’s agent will work just for you and have only your interest in mind in a transaction.

-   Do you really want to get yourself into a limited agency situation?  Limited agency can create potential problems that can be avoided with a buyer’s agent.

-   We will get you the best possible price and negotiate the terms of the agreement in your favor.   

2.) A Buyer’s agent can assist you with finding the perfect property.

-    I have shown up to 40 different properties to a buyer in one day.  The truth is that you can see many more homes with a buyer’s agent much more quickly thanks to our digital key box technology.  It sure makes it easier to find that diamond in the rough.   

3.) A Buyer’s agent will make sure the paperwork is done properly and that all your “bases” are covered. 

-   The truth is that you are far more likely to end up in a legal battle if you try and go at it alone.   

4.) A Buyer’s agent will facilitate the sale and make sure you don’t unknowingly buy a “problem” home.

-   Let’s face it, not all homes are created equal.  Whether it’s home inspections, title issues, Radon Gas or even potential homeowner’s association problems.  We know whom to call to find those nasty problems before they become yours.   

5. A Buyer’s agent can educate you on the current market conditions.

-   I know, I know, we live in the information age.  Anyone can figure out the current market conditions…right?  Let’s face it, most information you find on the Internet can tell you what has happened in the past.  Wouldn’t you rather know what’s happening in the market right now from a seasoned professional who has been watching the market for a decade? 

6.) A buyer’s agent can do a valuation on any home you may be interested in and help you determine an offer price. 

-   Anyone willing to make me an offer right now for the www.zillow.com zestimate for my house?  If so, we have a deal.  Zillow is much more accurate in other states compared to Utah.  Why?  Well, because Utah is a non-disclosure State.   Which means sales prices are not public record.  As a real estate professional, I do have access to sales prices as well as information like how much most sellers are discounting in my area.  That’s why I know my home is not worth my zestimate. 

In the market for a home?  Call or email me today.

	Currently for sale	Under Contract	Under Contract/Available
Homes under $400K	14136	3659	26%
Homes over $400K	5835	545	9%

The luxury market has hit hard times for two main reasons.  First, the available financing for luxury homes changed drastically about 6 months ago.  Up until last summer a luxury home Buyer getting a jumbo loan could expect to pay a rate about .25% higher than a conventional loan.  Currently, a jumbo loan is about 1.25% higher that a conventional loan.  That amounts to an increase in monthly payment of around $400-450 on a $500K loan. 

Unfortunately, there isn’t a light at the end of the tunnel for jumbo loans.  There has been a lot of talk about how our government’s economic stimulus plan will affect jumbo loans in Utah.  In my opinion, the effect will be minimal in Utah.  You see, our government’s plan is to raise the limits for conventional loans to help those homeowners and buyers in the luxury segment get financing at better rates.  However, the limits are going to be figured in each county by multiplying the median home price by 1.25%.  The current limit for a conventional loan is $417K and it is unlikely we will improve on that number in all the Counties in Utah…except maybe Summit County.

If financing isn’t enough to deter a buyer from buying a luxury home then not being able to sell their home should do the trick.  Most buyers of luxury homes are not first time homebuyers and therefore need to sell their current home in order to pull the trigger.  Although things have improved significantly in the lower priced homes, this past fall and winter were dreadfully slow.  Luxury home segment seems to get hit the hardest when homes aren’t changing hands.  It’s hard to step up to your dream home when there aren’t any takers on your home.  This “domino” effect should begin to improve as the homes under $400K continue to move.      

In order to move your luxury home you need an aggressive marketing plan and a market savvy Real Estate agent to implement that plan.  Call Candace Bollard (801.735.1930) today for an honest market analysis on your home free of charge.