We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.
PRICE ACTION
Other good signs in addition to positive price action is lower DOM (days of the market), lower new listingsand higher percent of new listings being SOLD.
SUMMARY
Has the Utah Real Estate Market bottomed?
Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. We are seeing more signs of a bottom coming into play.
Investors with a long term buy and hold strategic. Opportunities are making sense. Contact your property resource specialist for information to make an informed buying decision.
Owner/occupied homeowners need to look at the cost to own versus the cost to rent. Buying is making sense for many, as we continue to see signs of the market bottoming and with the current cost of money.
You need consultant a resource specialist for information to make an informed buying decision.
High and medium risk tolerant investors and some homeowners are making buying decisions.
Low risk tolerant buyer -- with the bottoming signs in play. If your waiting for a market bottom to buy. You'll most likely miss it.
No risk tolerance buyers will most likely always be renters. That's ok. Investors will always need good renters to make their mortgage payments for them.
Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.
Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.
_______________________________________________________________________________________________________________________________________ 
Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc.
Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com or www.UtahMark.com www.whiteravengroupllc.com
We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.
PRICE ACTION
Other good signs in addition to positive price action is lower DOM (days of the market), lower new listingsand higher percent of new listings being SOLD.
SUMMARY
Has the Utah Real Estate Market bottomed?
Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. We are seeing more signs of a bottom coming into play.
Investors with a long term buy and hold strategic. Opportunities are making sense. Contact your property resource specialist for information to make an informed buying decision.
Owner/occupied homeowners need to look at the cost to own versus the cost to rent. Buying is making sense for many, as we continue to see signs of the market bottoming and with the current cost of money.
You need consultant a resource specialist for information to make an informed buying decision.
High and medium risk tolerant investors and some homeowners are making buying decisions.
Low risk tolerant buyer -- with the bottoming signs in play. If your waiting for a market bottom to buy. You'll most likely miss it.
No risk tolerance buyers will most likely always be renters. That's ok. Investors will always need good renters to make their mortgage payments for them.
Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.
Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.
_______________________________________________________________________________________________________________________________________
Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc.
Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com or www.UtahMark.com www.whiteravengroupllc.com
We need Positive Price Action to confirm market bottom. One month of price improve isn't sufficient to confirm the market bottom. We need to see appreciation month over month for three months.
PRICE ACTION
Other good signs in addition to positive price action is lower DOM (days of the market), lower new listingsand higher percent of new listings being SOLD.
SUMMARY
Has the Utah Real Estate Market bottomed?
Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. We are seeing more signs of a bottom coming into play.
Investors with a long term buy and hold strategic. Opportunities are making sense. Contact your property resource specialist for information to make an informed buying decision.
Owner/occupied homeowners need to look at the cost to own versus the cost to rent. Buying is making sense for many, as we continue to see signs of the market bottoming and with the current cost of money.
You need consultant a resource specialist for information to make an informed buying decision.
High and medium risk tolerant investors and some homeowners are making buying decisions.
Low risk tolerant buyer -- with the bottoming signs in play. If your waiting for a market bottom to buy. You'll most likely miss it.
No risk tolerance buyers will most likely always be renters. That's ok. Investors will always need good renters to make their mortgage payments for them.
Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.
Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.
_______________________________________________________________________________________________________________________________________
Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc.
Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com or www.UtahMark.com www.whiteravengroupllc.com
Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC
Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com or www.UtahMark.com www.whiteravengroupllc.com
Mark Watterson is a Utah licensed Real Estate Broker with Principle Realty Group, Inc. and a Utah license Loan Officer with Springwater Capital, LLC
Contact Mark Watterson your Local Property Resource Specialist for the most up-to-date market conditions data for Salt Lake, Davis, Utah and Weber Counties. View comprehensive property resource information at www.markwatterson.com or www.UtahMark.com www.whiteravengroupllc.com
 |
|
|
We are Property Resource Specialists that provide needed and valuable information to enable you to make informed, timely buying and selling decisions.
ABOUT MY LIFE PHILOSOPHY
I build all my relationships. Business and personal around a basic three part philosophy.
Treat others the way I want to be TREATED.
Always do my BEST.
Be honest and truthful in everything I SAY and DO.
ABOUT MY BUSINESS PHILOSOPHY
It's Not About the Money -It's about life long relationships that are based on Customer Service Excellence.
The "Voice of the Customer" is where it all begins. Customer Service Excellence is not just words. It's our CULTURE.
My customers refer their family and friends because of the exceptional attention to detail, customer focus and the value added services they receive. An unmatched passion and love for providing these services is the thread that binds the entire business process together making it a smooth and seamless event.
In fact it doesn't even seem like business. Because it's all about you, your goals and objectives.
You should expect the highest level of service and you deserve it. It's about you, the right property and your GOALS. YOU Deserve the BEST!
I have been asked questions about this tough market and have listed a few of them below.
Has the Utah Real Estate Market bottomed?
Currently we are not seeing the needed positive price action (along with other indicators) to confirm a market bottom. This is NOT a good time for those investor with low and/or no risk tolerance to purchase. Investors with a long term buy and hold strategic. Opportunities are starting to make sense. Contact your property resource specialist for information to make an informed buying decision.
Owner/occupied homeowners need to look at the cost to own versus the cost to rent. Then you need consultant a resource specialist for information to make an informed buying decision.
High and medium risk tolerant investors and some homeowners are making buying decisions.
Some are trying to time the market and market timing is risky. Trying to time the bottom is not for the inexperienced buyer and extremely difficult.
Those waiting for a market bottom confirmation will (almost always) miss the bottom. This is because confirming factors are lagging indicators.
Buy and hold is the best buying strategy.
The National news media will probably not report a bottom until the average of the homes in the US show a confirmed bottom by exhibiting positive price action.
Is there a solid indicators we can trust to confirm a bottom?
Look for homes appreciating in value, in your area of interest. With confirmed appreciation in the market of your interest. We will have started our climb from the bottom.
I want to get a jump on the appreciation cycle to maximize my appreciation in the up cycle. Who can tell me when we are at the bottom prior to the market confirming with price appreciation?
Short answer is no one can. We can roll the dice and buy without a confirmed bottom. Some call it bottom fishing.
This is not for the average home buyer. The average homebuyer buys to live in the home and not to time the market for a flip or some other investment strategy.
Market timing is risky and few will succeed.
Please understand the answers to the above questions are designed to answer the majority of the buyers conc
erns. As with life there are always exceptions.
I do believe in the free market system and believe the market will improve.
Many are waving the white flag and still waiting on the sidelines.
Having made the above statements, so there are no misunderstanding about current market conditions. Especially those buying for a short term investment and not a long term home for their family.
I would argue that those who are looking to buy at the market bottom will most likely miss it. Extremely (if not impossible) difficult to time any market bottom, in combination with the majority of home buyers afraid to purchase at this time. I believe we will see an unprecended pent up demand at the market bottom that will cause a bounce in home prices. Those who are looking for a home for their family with plans to stay long term. Why not buy now? Especially if the numbers make sense, i.e. Owning vs. Renting. Even, if the market retracts more (which is extremely likely) in the future. Between the coming market bounce and future normal appreciate. Why not make an informed buying or waiting decision?
Specializing in:
Homes for Sale in Salt Lake City Utah, Salt Lake City and Real Estate, Utah Investment Property, Utah Multiple Listing Service, New Homes Salt Lake City Utah, Utah Bank Owned Properties, HUD and Utah Foreclosures, Sandy Utah Homes, Utah County Homes, West Jordan, Draper Utah Homes, Riverton, Murray, West Valley, Salt Lake City Utah Homes and all the surrounding areas
Draper Utah Homes | Utah Multiple Listing Service | New Homes in Utah | Your Home's Value| Utah Homes Buying Information | Utah Real Estate Free Information | Utah Investment Property | Utah Bank Owned Properties, HUD and Foreclosures | Utah for Sale by Owner
You were very sensitive to the fact that we had many questions. You were always there for us. You made the offer and it was accepted. We would not even have known an offer could be made had it not been for you. We were amazed that an offer over 20% under asking price would be accepted, it was and we could not be happier with our home. You are tops and you were always accessible by phone or email. You took the time to explain everything to us in detail. You were a pleasure to work with. You knew the answers to all of our questions, and even provided us with information we did not know we needed. You were great. We did not have any problems and you rate tops in very area. We are happy to be a reference and we can not think of one thing you could improve.
Roger and Joan Borkgren, Taylorville, Utah
I love training, breeding, caring for and riding horses. I never thought I could afford a horse boarding, training and breeding facility. Mark made it happen with my limited resources and with no money down. I was able to purchase my DREAM PROPERTY and never brought one dime to closing.
Eric Dunham: Taylor, UT
I am a Professional Investor and follow-up is extremely important to me. Mark never missed a follow-up and was always accessible. Knowing investors and their needs are also important and Mark is a star player that goes the extra mile. We are all busy however; he would always return calls in an acceptable time. Customers and their best interests come first with Mark. He is constantly working on providing resources and information for his clients to enable them to make informed decisions. I can not say enough good things about his knowledge, availability, ethics, honesty and meeting his commitments.
Lenska Bracknell: San Diego, CA
We moved from Nevada and had to find a home to purchase that was wheel chair accessible with ground level entrance. The only home we could find was for sale by owner. It did not matter to Mark he work hard to make it all come together. It is wonderful to find someone that puts the client and their needs first. Thanks Mark.
Lloyd and Janet Anderson: West Valley, UT
I'm professional investor and I would highly recommend Mark to anyone whether or not they are a professional investor. I believe investors will find Marks understanding of investors and there needs to be of GREAT value. Everything about my experience with Mark has been perfect and I found Marks knowledge to be the most valuable to me. Marks professionalize, honesty, marketing, problem solving skills, ability to make a deal go smooth and Marks knowledge was at the highest standards. Mark is truly are a resource specialize; Mark provided me everything I needed to make an informed decision to sell my Utah property.
Henry Lee: San Francisco, CA
When we first met Mark Watterson he told us that if he wasn't the best real estate agent in the world for us, he felt as though he wasn't doing a good enough job. He proved himself to BE the best agent in the world. Mark takes client service to a new level. He was always on the ball and kept his word and time schedule without fail. He was always ready to go the extra mile, prompt to return phone calls, and great about protecting our interests. Even though our sale closed escrow a month ago, Mark is still there whenever we need him. He is even helping us get bids for our basement completion. There are few people left in the world today who, in business, are so committed to their work and those that work with them as Mark is. He is the best! Thanks so much.
Cindy and David Andersen: Saratoga Springs, UT
Availability and market knowledge are very important to me and Mark did not disappoint me. Marks knowledge of the market was the deciding factor in why I chose him to market my two Utah properties. I would use Mark again and would recommend him. His honesty, availability and work ethic were much appreciated. High marks all around for Mark.
David Chow: Patterson, CA
I'm a single mom and this was my first time selling a home. I tried selling it myself and was very glad I hired Mark to manage the process for me. Mark willingness to educate me on all the choices and follow through every step of the process was GREAT! He was with me through the entire selling process. His overall professionalism, knowledge, service, ethics, honesty, accessibility, and he is easy to work with, could not be better. Mark is the one to call, when you need a strong negotiator and one on one service.
Audrey Grisham: Holiday, UT
Your all around approach was great. I especially appreciated your quick and informative responses with no pressure to do anything and that is exactly what works for me. I got the resources I needed to make an informed investment decisions. I can not think of anything you can improve on and would highly recommend you to anyone and will use you again. Thanks
Isaac Tellez: Patterson, CA
When you need results this is the man. He uses all the marketing tools. Headline space on Realtor.com, print, open houses, Internet marketing and whatever it takes to get total exposure. My house was sold in far less time that I thought was possible (less than 35 days in a slow market).
Saul Gutierrez: Saratoga Springs, UT
I have been trying for months to get my property purchase completed. I was being told a lot of things that made the transaction seem extremely difficult to get done. I don't know maybe it is? I do know Mark got it into escrow in less than two weeks. This is the get it done guy. Thanks Mark
Kent Nelson: Green River, UT
I need to sale my home and did not know where to turn. The market was slow and I was getting married and we could not afford two house payments. Mark listed my home and it was SOLD in less than 30 days for full asking price. What a stress relief.
Ronald Watterson, Magna: UT
I'm a first time home buyer and needed someone I could trust to get me through the entire process. This is the biggest purchase in my life and I was very nervous. Mark was always there for me, to educate and guide me. He was GREAT and I love my home. Thank you Mark, you have earned a client for life.
Brandon W: Lehi, UT
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2013 ActiveRain Corp. All Rights Reserved
