“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Utah Dave and Utah Homes for Sale

Experts Help Mix it Up!

There is a trap in selling real estate. It is called insanity. This is when failed efforts are repeated, expecting success. The best way to get out of this cycle is to consult an expert. Malcolm Gladwell discusses in his book Blink: The Power of Thinking Without Thinking how it takes 10,000 hours of experience to become an expert at something. This wealth of experience provides a pool of alternate actions to help excape the insanity trap.

I recently had a seller approach me who had been caught in this trap. Their Salt Lake City home had sat on the market with another agent for over a year! What was the problem? All the other agent would suggest is to lower the price of the home. In fact, over the course of the year, the agent had dropped the price more than $100,000! Finally they had enough and he decided to consult an expert.

I suggested that we do small things to help the home show better. We started with landscaping, making the home more visible from the street. Then we replaced their light-switch and electrical socket covers. We also covered some of the wood trim and surfaces with neutral colors. Some of the handles on drawers and cabinets were out-dated so we replaced those as well. The result was a dramatic change in the home's appearance.

Lawyer's Promises Hurt Home Owners

Promises of hope turn to more distress. Sad story!

About 25% of home owners in Utah are under water or near under water. So when a lawyer arrives on the scene crying foul play, many listen. Some undoubtely think to themselves, "This lawyer must know what he's talking about, afterall he's still working while many of the rest of us have lost our jobs." Not realizing that this lawyers work is contingent on their involvement in his 'rescue' plan.

The lawyer made the case that he could free these under water home owners from their obligation to the bank. All they had to do was pay him to file the claim, instead of paying the bank. So the lawyer collects their money, the distressed home owners fall further behind, and for what? At the conclusion of the trial the home owners are worse off than before.

If you are under water on your home and can no longer make payments, contact me so we can discuss your real options. There are programs in place to help with your situation, but you must be careful because there are some scary scams out there. So make sure you talk to a reputable real estate professional about your situation.

If They Say It, It's Right; If You Say It, It's Wrong

Any time someone finds out I'm in real estate, they ask me the same question: "How's the market?" The way you answer this question will either make you stand out as a professional, or make you blend in with the rest of the agents out there.

Programmed Responses

We all have programmed responses for certain questions. When a store employee asks, "Can I help you?" you answer without thinking. If you answer this question about the market the same way, you will not stand out. Whether you say "the market is great" or "the market is dismal" will make no difference. They know it is a programmed response and will respond in kind.

Paint the Picture

Because we live and breathe real estate we have a clear picture of the status of the market. You need to paint this picture for others, so they can understand what you would say. Start with the most pertinent data which will draw the clearest conclusions. For Example: I just checked the real estate statistics for my area and inventory is down 25% from last January. Additionally, the number of homes under contract is 30% higher than last January. I paint this picture by demonstrating with my hands the rise in demand and decrease in supply.

If you say it, it's wrong!

After painting this picture you should ask them what it means. If you blurt out, "This mean's it is a great time to buy" they'll immediately question your interpretation. However, you should ask them what happens when demand goes up and supply goes down. Because they've evaluated the data personally, they'll be more inclined to agree with, and act upon, the news about the market. You should re-affirm their interpretation with supporting data if they are right. If they are wrong, paint another picture, and ask again. Help them see and understand the picture.

If they say it, it is right!

If someone asked you about the market, they have some interest in real estate (or it is a programmed response). Just as we know the market, people know themselves. After you've helped them see the state of the market, find a call to action. Ask them what they think they should do to capitalize on the opportunities of the market. Regardless of what they answer, ask questions to get a picture of their situation. Find out why they have that interest, and offer your services specifically for what they need. This will help you present yourself as a professional in real estate.

Resources for Real Estate Resolutions

The New Year is a season for setting resolutions and planning for the future. To set realistic and achievable goals you must review the past, evaluate the present, and then plan for the future. It is my goal to provide you access to the resources you need to accomplish your goals in Real Estate.

Review the Past

Year to Year Home Sales Statistics

Year to year the housing market follows seasonal trends. Comparing the number of homes sold each month this year to previous years is valuable in predicting future months. This resource also provides a total number of homes sold for the entire year. This shows you where the current year is for total homes sold compared to the previous 3 years. Real estate is very local so the statistics are broken down by Salt Lake, Utah, Davis, Weber, and Tooele Counties.
The Real Estate market is more than how many homes sell, there are supply and demand variables to consider. I compile this information into my current market statistics. I break down the supply (inventory) by current active homes (total number of homes for sale) and new listings for the month. We determine demand by the number of homes going under contract. Because some transactions take longer than others I break down the Under Contracts by new contracts in the last 30 days and all current homes under contract.
Evaluate the Present
The Crystal Ball compiles all of the statistics and creates a report for your home. The crystal ball makes predictions about the sellability of your home. It also arms you with valuable market information such as the number of other homes for sale in your area, recent homes sold, and number of homes under contract. It also offers an estimate of how long it will take to sell your home based on current inventory and demand.
The Market Snapshot is another useful tool for evaluating your home. It also gives you a sneak peak into an area you may be interested in moving to. The snapshot shows local homes for sale and homes that have sold on a map so you can see exactly where the action is. It shows the average days on market, price range, and sales prices compared to list price for sold homes. The Market Snapshot can send you automatic updates each month.
Plan for the Future
Every month I crunch the numbers and find the top 5 ares and price ranges for real estate activity. If you want to buy into a stable area, or looking to sell your home for top dollar, keep a close eye on the Hot Spots. Timing is key and knowing when to become involved in the market makes a big difference in how successful you will be.
This information is available to get you started and excited about your real estate opportunities. However, you will still need to consult with an expert to interpret the data. Together we can ensure that your goals in real estate are achieved. You can contact me at Homes@utahdave.com or call toll-free 888-345-5682 to schedule an appointment for an evaluation.
The Year has begun, it is time to act.
What real estate resolutions have you made?

Hard Halloween Listings (Part 2)

The Challenge: How to Market Haunted Homes
The Purpose: Strengthen marketing abilities
REAL Purpose: Good ol' Halloween Fun

Halloween Home #2: 666 Hill House Lane (The Haunting)

Description: Young heir seeks new owners to restore this faily mansion to its former glory. Energy efficient construction: wall angles are off by one degree, so doors close on their own... to conseve energy. Built in the 1800s by a devoted family man in a quiet and secluded country location. Meticulously hand carved cherubic railings are so life-like you'll think you can see them move. Includes large fireplace, canopy bed, greenhouse with family sculpture, and watchtower.

Halloween Home #3: 585 Cuesta Verde (Poltergeist)

Description: New contstruction in the exciting new Cuesta Verde community. Located on a historic site (an ancient burial ground). Two-story home perfect for a young family. Walk-in closets so welcoming you'll feel pulled into them. Fullly landscaped with mature trees. Includes 24-hour uninterrupted cable TV access. Quaint clown-themed children's bedroom for the kiddies.

Halloween Home #4: 398 Bavarian Drive (Paranormal Activity)

Description: This two-story house in a suburban community is perfect for a young couple. The house is fully furnished, and includes a modern living room set complete with comfy black leather sofa, chairs, and coffee table (slightly singed). House is wired for a home security system (some repairs needed) so you can sleep in peace. Features large master bedroom, large bathroom, plenty of storage space in the attic for treasured possessions and photos. Prospective buyers are encouraged to maintain a positive attitude at all times.

Halloween Home #5: Country Manor (The Others)
Description: Enjoy this remote country manor on a grand estate. Efficient doorlocks throughout the home to enhance your sense of security. Includes extensive window coverings to protect the photo-sensitive. Fully landscaped and well-maintained lot. Loyal servants and grounds keepers have worked here for generations. Looking for a place to call home? This is your house!


Halloween Home #6: 1471 East Cornith (Beetlejuice)

Description: This quaint getaway has a great hilltop location providing gorgeous views of the surrounding area. It's versatile interior design satisfies both the rustic and the abstract. The atmosphere is so cozy, you'll never want to leave. In fact, you'll swear the past tenants are still living with you! Great for parties and entertaining guests, both living and undead. Just say "Beetlejuice" three times to summon a 'free' zombie MC. Want a quick get-away? Use convenient portal to enjoy the sandy plains of Saturn. 


Halloween Home #7: Whipstaff Manor (Casper)

Description: Don't let the size of the town mislead you. Whipstaff Manor is very spacious with dozens of rooms across three floors. Have fun exploring the secret passageways and underground laboratory. Loads of un-patented forgotten inventions; previous tenants have history of "unfinished business". Great location on the coast with a dramatic ocean view. Huge ballroom perfect for hosting parties. It's the friendliest house you'll ever know.

Halloween Home #8:  Gothic Mansion (Edward Scissor Hands)


Description: This luxurious mansion is perfect for the artist in all of us (handicap accessible). Located on a hill overlooking a beautiful suburban community. Feel like a part of this welcoming, friendly, and accepting neighborhood. Enjoy the impeccable neighborhood support and Avon representatives. Sellers to include allowance to repair hole in the roof.  Fully lanscaped yard with astonishing bushes, hedges, and ice sculptures. Skiing available when local artist feels inspired.

What other Halloween houses would you have a hard time listing?
How would you advertise a Haunted House?

(part 1: Halloween Home #1: Overlook Hotel (The Shining)