Our Listing Services Presentation is Bar None

Services we stand above the rest on is listing presentation.

We take terrific care in our listing presentations. I see daily homes listed with our competitors with photos taken quickly with a phone. It just makes sense to take time with proper lighting and other factors to have the home looking it’s best to the buyer. First impression, if you are the client looking for a home, what are you going to be drawn to? Great photos and lots of them.

Home of Aesthetics

Please no unkempt bathroom photos!

Be honest with home descriptions. You can’t make a Volkswagen in a Cadillac with a few words. Don’t embellish. The buying public is savvy and will not appreciate a waste of their time viewing a home that states what it is not.

We work as team with you. Your help as a seller is required.

Dirty, messy homes, first impressions are the only chance you will get.

Staging has become also so important not only will it give purpose to the room, but also allow the buyer to envision this home as their home.

Can’t say this one enough! Do not over price your home. We go to great lengths to give or sellers a concise market range for sale. This is based on many factors. We hear several times a week at least, “I do not want to give my home away”. By pricing above current market value you will have no showings for one, and no offers secondly. Over pricing will offer the seller no results and huge disappointments.

As a seller offer an incentive. Maybe closing costs paid or other that will set your home above the competition.

Do your part. Have the home in good condition, everything working and looking great.

Photo Credit: apple_photo

How the Sharing Economy is Changing Home Affordability

The sharing economy has come out as a good thing for plenty of people. As its name suggests, it works when people who own things rent them out to others in need and in the process the owners earn money, where he would not have, while the person renting forgoes the cost of buying the item. The cost of renting is usually less than the traditional rentals. This also provides a great opportunity to purchase a piece of investment real estate in Cedar City.

Some of the notable examples include a house owner with an extra room renting it out, someone borrowing your car to drive himself around or the owner driving you around in their car. The sharing economics has been there for a while but over the last few years, it has started moving towards mainstream. So why is this?

Home

Globalization and Urbanization in Cedar City and Surrounding Areas

Every year tourist boards like the Cedar City Tourism Bureau trumpet on the growth of tourists in the area. Reasons for this may be due to good living conditions or the business environment. This has made the world a smaller place as people travel further towards cities in search of housing and transport services. In the past, only big brands such as big hotels and car rentals would have been the choice but now, that is not the case. And this is the case for Cedar as well, and provides an opportunity for investment in Cedar City.

Urbanization is continuing at a very fast rate. If you would take into consideration the US, in 1960, only 67 percent people lived in urban areas. Now, it is 80 percent. Add up to the population growth, this leads to many people living closer together. This would lead to the question, “Do I really need a car?”

Some companies are studying this trend and trying to show people how to live in these conditions.

Breaking the Barriers to Adoption

There have been plenty of technological advancements towards business that have removed the barriers of adoption for home owners in Cedar City to rent out their homes on something like a vacation rentals website. They include smartphones that enable real time discovery (location of the nearest car or bus stop), social media that provides transparency (the kind of person you are renting your room to and if they are trustworthy), mobile cashless payment processes and also geolocation supporting tracking methods and many more.

With these technologies, companies such as Uber, AirBnB and Lyft which have huge brands, valuations running into billions of dollars and huge insurance covers, are able to provide price standardization, risk management and insurances allowing people to borrow and rent without fear as their services are of high quality as well as extensive experience.

Cedar City Real Estate Investment Affordability Impact

There is a huge impact on affordability in these services. For instance, a normal Lyft driver can make about $25 per hour. At times, one shift of six hours would rake in about $500 in one month. For those who rent out their car through Relay Rides, they are able to make about $250 per month. This allows people who do not require cars to save up on thousands of dollars.

Even for small US cities like Cedar, you will rarely find one room on AirBnB that costs less than $70. Therefore, it is possible to make about $300 easily by renting out your spare room for some nights every month.

With these statistics, it doesn’t take a genius to notice that spending $300 per month would make him or her avoid a debt of $50000 with 5% in interest rates. Therefore, figure out on which side you would like to be in as both sides are beneficial.

So the incentives to invest in a Cedar City investment property are getting better and better.

Photo Credit: Joanne

Do Carpet Credits Help Sell a Home?

A question that we run into as Realtors in Cedar City is, do carpet credits help sell a home? And our answer is always the same…

Carpet Credits do not help sell your home

From and Real Estate professional point of view, a carpet credit will not assist you to sell your home.

Think, CLEAN! It’s that simple, you only have seconds when a buyer walks through your home to make a great impression.

I think stating a $3,000 carpet allowance on this listing, states right there is an issue and possible brings attention to other issues in the home. Often time, just cleaning the carpets will help hugely.

do carpet credits help sell a home

It doesn’t work because once people see filthy, pet stained carpet, they don’t buy the house period unless it is a super discount of well over the cost of replacing carpet.

The cost of replacement now goes through the mind of the buyer, several thousand dollars, with more work to be done.

Many areas where there is carpet in the home will not be replaced with carpet by the new owner. If there is nice fresh clean carpet there, they will buy the house and change some areas to wood later. But if there is dirty filthy carpet there then they have to come up with the money right away to put wood, and that is usually not practical for many people buying a home.

If you have filthy carpet then you have to replace it with clean carpet. You don’t want to spend a ton of money on that carpet for a lot of reasons, not the least of which is that the buyer may cut it out and throw it away in short order in some, but not all, of the places where you put it. You need a nice clean blank canvass that someone can live with for two to five years. This apply for the average homes seller, condos, apartments and rental properties.

Photo Credit: Renato Ganoza

Hiking in Three Peaks area, Cedar City

3x5

My beautiful daughter Kris, RN. We call this 5 1/2 Peaks rather than Three Peaks. Anyone, fun recreation area near Cedar City.

Work with a Realtor

8 Reasons Why You Should Work With a REALTOR®

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here’s why it pays to work with a REALTOR®.

  1. Navigate a complicated process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multipage settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.
  2. Information and opinions. REALTORS® can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?
  3. Help finding the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your REALTOR® to find all available properties.
  4. Negotiating skills. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.
  5. Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property.
  6. Someone who speaks the language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.
  7. Experience. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. Even if you have done it before, laws and regulations change. REALTORS®, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.
  8. Objective voice. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, homebuying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll every make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you. Information provided by realtormag.org.

Cartus’ GSA-approved experience in U.S. government relocations

We are certified to assist with past/ present military personale with your Real Estate needs. Benefits are available to you for the purchase and sell  of homes. Give us a call to visit with us and get started on the process.

Safety in your home

1) Have a working smoke alarm. According to the NFPA, 70 percent of all home fire deaths occur in homes with no alarms or no working alarms.

Check, that they are in good working order, with good batteries. Make a note to replace them every six months. For instance around New Year and the Forth of July.

2) Hold regularly scheduled emergency preparation drills.

Know what to do in the event of a fire: Develop a plan with your family to safely evacuate your home. Each livable room should have two reasonable exit points. Consider placing rope ladders in each second floor bedrooms along with flashlights. Place a fire extinguisher on each floor of your home and make sure everyone in the family knows how to use it. Register your home with the local “Tot Finder” program to aid firefighters and predetermine a rendezvous point that is a safe distance from your home.

Remember that practice makes perfect. Conduct home fire drills on a regular basis at different times using different scenarios. With that, you will be more prepared to deal with an emergency.

For more information you can visit www.nfpa.org or contact your local fire prevention program.

Have a great day!

Schools in your home neighborhood.

Good schools and a safe, enjoyable neighborhood are two of the most common reasons why homebuyers select a particular house. Not surprisingly, these factors have a great impact on the value of real estate. If you are considering purchasing a home, it pays to learn all you can about the schools and local community.

But how do you get such information? You can start by visiting the web site Cedar City Offices which has general information on our community as well as parks and recreational areas, city services and local amenities. The department of education in most states provides test scores and state rankings for each school district. We as real estate professional is perhaps the easiest way to get this information. Sales associates take pride in knowing the communities they serve and can provide homebuyers with a wealth of local knowledge.

If you would like to learn more about a particular neighborhood, I would be glad to provide you with additional information.

Best Regards,
Richard Bontadelli

Knews from our Mortgage Specialist

It has been five years since the collapse of the financial markets. Five years ago, the world financial systems were on the brink of collapse. For five years we have been crawling out of a deep hole. You can’t get very far by crawling, but if one moves forward little-by-little for five years, how far we have come will look very impressive. Let’s just look at the stock markets.

Early in 2009 the Dow Jones Industrial Average bottomed at just under 6500 in reaction to the crisis. This year the Dow has topped 15,500 twice. That is a gain of approximately 140% in under five years. Even more impressively, the gain does not seem to be slowing much as the rally matures. Thus far in 2013, gains have exceeded 15%.

Every time the markets look like they are in the middle of a correction, they seem to bounce back nicely. This year, the market has been affected by rising interest rates and the situation in Syria. Each time there is a pull-back it is brief and then a comeback ensues. One has to ask if there is more room on the upside after such a run. The answer boils down to two issues. First, will the economy keep recovering at a decent pace? Second, will this recovery cause interest rates to rise high enough to slow down the train? The economic recovery is definitely stronger today paced by a recovered auto industry and recovering real estate markets. But it still has not been strong enough to create enough jobs to replace those lost in the recession, let alone keep on pace with population growth. The statement released after the meeting of the Federal Reserve Board last week echoed that concern. Growth that is too strong might actually turn out to be a recipe to slow the run we have seen.
Housing demand from move-up buyers — or existing homeowners selling their current properties to replace them with a more expensive home — is on the rise as home equity levels improve. As home prices continue to increase, so does demand from move-up buyers, who are now able to provide a substantial downpayment on a new home after gaining value on rising equity, the latest report from real estate data firm FNC revealed. “An important sign of a healthy and sustainable recovery is increased housing turnover driven by trade-up buying, which is more or less discretionary spending,” FNC Director of Research Yanling Mayer said. “These buyers are typically more responsive to market conditions and financial incentives,” she added. Much of the desire for move-up buyers lies behind rising rates. “They know if they don’t move now, they might be kicking themselves all over again in three months,” said Redfin Los Angeles real estate agent Eric Tan back in July, when rates were throttling upward. Historically, rates remain very low, but experts predict they will continue to gain steam as we move into 2014. According to Daren Blomquist, vice president of RealtyTrac, 18.5 million homeowners — 40% of all homeowners — have at least 20% equity or more, putting them in a prime position to sell. “In addition, we show 8.3 million homeowners who are on the equity fence, and should have at least 20% equity in the next 15 months if home prices continue to appreciate at the same rate we’ve seen over the past 15 months,” Blomquist said in an interview with HousingWire. Blomquist noted that if 5% of these 8.3 million homeowners list their homes for sale, that’s an additional 415,000 homes that will be available for sale in the coming months. “The increase in the share of equity sales reflects a market that is fully transitioning from investor purchases of distressed homes to primary home purchases by households,” said California Association of Realtor Vice President and Chief Economist Leslie Appleton-Young in a recent equity report. “The market continues to improve as more previously underwater homes gain equity due to recent upward movements in price.” Source: HousingWire

For the past three years, the average size of new homes has been on the rise. The median new-home size in 2012 reached a record high at 2,306 square feet, according to newly released data from the Census Bureau. That is an 8 percent increase from 2009. During the Great Recession, Americans showed a preference for smaller homes, and many housing experts were saying it meant the end of the McMansion. But Jeffry Roos, a regional president for homebuilder Lennar, told CNNMoney that it wasn’t that Americans wanted less space, they just couldn’t afford more space at the time. Now, they’re upsizing again. A spokeswoman for GL Homes says that the builder has been selling homes that average 7 percent larger than during the first five months of 2012. Some consumers are choosing to buy larger because they have more people under their roof. Lennar offers homes known as Next Gen, which feature separate suites for a mother-in-law or college grad who has moved back home. Home shoppers tend to buy bigger than what they originally plan, Fred Cooper, a spokesman for Toll Brothers, told CNNMoney. ”In the downturns, in upturns, whenever, our customers typically added another 18 to 20 percent of floor space onto what already was a very nice house to begin with,” Cooper says. Source: CNNMoney

The condo sector has experienced lackluster growth in sales and development the last few years, but it may finally be seeing a turnaround in markets across the country. Condo sales are showing signs of strengthening as demand picks up from Baby Boomers and young professionals. Sales of condo and co-op units were up 23 percent in July from a year ago, according to preliminary data from the National Association of Realtors®. All regions were recording at least a 20 percent year-over-year growth. The Midwest and South have seen some of the largest gains. The median sales price for condos and co-ops was $209,600 in July—a 15.5 percent increase from a year earlier. High-rise condo building may be poised for a lift nationwide. New development is moving forward in urban residential centers and popping up in smaller cities as well, Investors Business Daily reports. For example, a wave of Latin American cash is financing a new condo boom in the Miami area. The National Association of Home Builders reports that condo developer optimism skyrocketed in the second quarter, reaching its brightest outlook in eight years, according to an index that measures builder sentiment for the sector. A growing interest in high-rise condo construction coincides with a slowly recovering market for new homes, experts note. Still, financing condo construction remains an obstacle for many developers. Developers may need to show that their projects also work as rentals when they are seeking approval for a loan, says Mark Humphreys, CEO of Humphreys & Partners Architects, based in Dallas. Source: Investors Business Daily

Steve Florio

Senior Loan Officer

NMLS# 305979

Guild Mortgage Company

St George, Utah

435.319.9238 / Iphone

435.535.2470 / fax