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  • 36 hours in Salt Lake City from the New York Times

    Posted on June 5th, 2010 admin No comments

    They like us.  They really like us.

    June 6, 2010 New York Times

  • Variations on a theme

    Posted on June 5th, 2010 admin No comments

    What is it with us Realtors and photographing corners?  Obsession, fixation or simply a world wide shortage of wide angle lenses?

  • Your agent may be a prima donna if…

    Posted on June 5th, 2010 admin No comments

    Their car is worth more than the house you are selling.

  • If you don’t see your hood’s statistics here

    Posted on June 5th, 2010 admin No comments

    Let me know.  I can run a graphical analysis of any neighborhood or city in Utah.  All I need from you are the time period and defining geographical boundaries, or city name.   Thanks to mapping software I can now capture sales from any enclosed boundary.

    For example, you may want to know about single family home sales from April 12th, 1999 to April 12th, 2002 along the east side of 700 East (and only 700 East).  Or vintage bungalows surrounding Liberty Park for the last two years.  Or vacant lots in Saint George.  Go ahead, give it a try.

  • About the 1st quarter sales graphs

    Posted on June 5th, 2010 admin No comments

    The Salt Lake Board of Realtors offers sales data every quarter in the form of press releases to show median sales prices by zip code.  This makes an easy and somewhat entertaining way to disseminate sales information to the public, but has one significant problem.  Zip codes do not define neighborhoods, and neighborhood identity is a major factor in pricing homes.

    Think about it.  Buyers who are familiar with the Salt Lake Valley never come to me and ask to see homes in the 84111 area.  Instead they want to look for a property in Sugarhouse or Taylorsville.  Likewise the free online search options for buyers use zip codes to defines searches which only reinforces this mistake.  But that is a issue for another rant at another time.

    I (and most other real estate agents) have access to this data (and much more) because we pay for access to the Wasatch Front Regional MLS system.  We can also search for property using very specific criteria which is not available to the public.  Not fair? Perhaps, but a good buyer’s agent can use their expertise to leverage this information to your benefit in finding the right home and making the best offer.  A good listing agent will also dig a little deeper into the data to find the best market price for your property and be able to identify the highest and best offer for their client.