Are we going up or down in Utah Real Estate?
Lets look at the numbers for Salt Lake County.
Sales in 2007
Oct 1033 November 927 December 803 Jan 2008 645 Feb 2008 766
Sales in 2008
Oct 846 November 592 December 687 Jan 2009 Predicted: 575 Feb 2009 Predicted: 700
So what happened year over year?
Oct 18% decrease November 36% decrease December 14% decrease Jan Predicted decrease 10% Feb Predicted decrease 8% Decrease.
What can we look forward too?
Our sales numbers have hit bottom. We had huge decreases and there isnt a way for it to decrease anymore. And actually we are receiving multiple offers on many homes. Our number of actives in Salt Lake have decreased to 7500. Last year there were 10,500 homes sold. So at the current rate we should sell every home in 9 months.
The numbers of actives are down. We are seeing our numbers taper off for decreases. We are seeing increase activity in offers and buyers while it is only January. That means March and April possibly will increase from last year or be relatively close. There are home prices as low as $55 a square foot selling within one hour. With this comes good news..........
This year is our bottom. This is the year of buying real estate in Utah! To search for homes go to http://www.utahdave.com
Utah was rated by Forbes to be #1 for population growth!
Utah grew by 68,000 people but has grown at 2.5% year over year.
There were over 40,000 new babies in the state. Utah's own growth accounts for the majority of the growth but we do have in migration.
What it means to Utah Real Estate
What is amazing....Utah has grown while sales of real estate declined to the lowest levels in 13 years. What does this mean? It means a majority of our population was scared to buy a home and are planning on it soon. Our sales can only do one thing...that is increase. We are basically like a 5 year old still living in a 2 year old shoes. We have hit bottom in number in transactions. Many prices will continue to decline especially if interest rates go back up. But with rates in the 4's, we are selling!
Its a new year and there will be a new road in South Jordan!
UDOT is having a public openhouse at South Jordan Elementary School on Jan 28th from 6pm to 8pm. Its located at 11205 S Black Cherry Way (1375 W).
You will be able to find out when and where construction will take place, see the additions and improvements that will be occuring and sign up for construction updates.
This will be a 2 year project. For more info go to udot.utah.gov/11400south
Top Places in Utah to Sell a Home! (Salt Lake County Top Spots)
If you live in one of these areas, you are in a hot spot! While most of the country is doing anything including giving away cars with their home....you can get top dollar for your home! If you are a buyer looking to buy in these areas, yes you may be paying more as you won't have as much negotiation room. But you can count on being able to sell your home if you ever needed to. These areas are Utah's Hot Spots for selling homes right now.
It is possible in any area to sell a home within a month. We have been doing that all year. The timeframe on the areas below represent with the current demand how fast it would take to deplete all the inventory on the market. 4-6 months of inventory represents a normal market. Anything less than 4 months would be a sellers market. Anything over 6 months would represent a buyers market.
1. Sandy Zip 84094 100k-200k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
2. SLC Zip 84105 100k-200k Price Range with a 3 Month Time Frame!
Sales History Click Here List of Homes for Sale Click Here
3. SLC Zip 84105 250k-300k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
4. SLC Zip 84105 200k-250k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
5. SLC Zip 84103 300-350k Price Range with a 3 Month Time Frame
Sales History Click Here List of Homes for Sale Click Here
To View all zip codes and price ranges in Salt Lake County Click Here
Tricks to Refinancing your home...even if you dont qualify!
Many people are taking advantage of refinancing! I mean this is history right now with lowest rates in decades! But what about those who are in their home and aren't sure if they qualify? Here are the tricks to refinancing.
1. Where do I get the best rates?
You can shop around! However, it is confusing as some people say they will give you no costs. I know one person that told me, I got the greatest deal with no costs but his interest rate was pretty high. Don't fall for no costs. Be sure to compare APR's as those will include costs. The best place we have found closing costs and rates have been local mortgage broker. Tim Peterson tim@rightsidelending.com or Sandy Lowe sandy@silverrm.com
2. What do I ask for to compare costs?
Ask for a Good Faith Estimate. This is a standard form that everyone should give you that includes your rate and all costs. You can look at all the closing costs and the interest rate on this. There is a rate called an APR...this is not your interest rate but is calculated to show you what all your costs are including your interest rate and closing costs.
3. How do lenders get paid?
Lenders get paid according to your interest rate. They also get paid according to the costs they charge you. For instance, if a lender is giving you a 5% rate..they may be getting paid 1 point in the back. (A point is 1 percent of the loan.) If they give you 4.5% they may have to pay the lender money to help you get that rate. If they are charging you 6%, they may be getting paid 2 points. Any fees on the estimate that show they are paying the broker is also what they get paid. Many times this will be an origination fee and a processing fee. There are processing fees that go to wholesalers that the lender cant change.
4. What if I can't qualify?
If you can't qualify call the lender who you have your home's mortgage with now. Many self employed people will need to do this as well. Every lender is different. My current mortgage lender was willing to refi my house with no closing costs and I didnt have to do the entire verification process. Some lenders of mine in the past just sent me a paper in the mail to sign. Don't give up if you don't think you can qualify. Call your lender and see what they can do for you.
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Specializes in Building High Producing Real Estate Sales Teams. This 3 Secret and 7 Step process generated over $37 million in sales a year. Dave coaches and sells real estate in Salt Lake City, Ut.
Buying or Selling a Home? Utah Dave specializes in assisting people buy and sell residential homes in the Salt Lake Area. If he doesnt specialize in it, he knows someone that does! (Thats why his friends nicknamed him Utah Dave.) The All the Right Steps Experience walks buyers and sellers through the 3 secrets and 7 step process in buying or selling a home.
Assisted owners/employees/professors/executives working for top industry corporations and organizations such as Novell, LanDesk, Utah Jazz, 3M, IKON, Costco, Biovail, Cadence, Delta, SkyWest, Boeing, Continental, eBay, Les Scwaab, Intel, Micron, IM Flash Technologies, Progressive, American Family Insurance, Red Lion, RC Willey, Jordan School District, Aflac, UPS, Kennecott, Dex, American Express, Black Diamond, Rumbi Island Grill, Educators Mutual, CR England Trucking, FAA Federal Aviation Agency, US Air Force, South Jordan Police Department, University of Utah, Brigham Young University, Marine Core, Army, Hill Air Force Base, Zions Bank, Merrill Lynch, Fidelty, Charles Schwab & Co., The Church of Jesus Christ of Latter Day Saints and more in relocation services and in purchasing or selling a home.
Also, provided analysis on REO (bank owned) properties, negotiated tenants to leave premises, prepared home for sale, and listed and negotiated the sale of the REO property.
Recently rated as #1 in the Salt Lake Valley for number of homes sold by Enterprise Newspaper in Sept of 2007. Dave's steps in helping people buy and sell homes enabled him to gratefully have sold almost $40 Million in Real Estate last year. Also voted for Broker/Agent of the month by peers in 2007. Thanks for such great compliments from my clients and my peers. None of this could be accomplished with out you!
Striving to Build a Successful Real Estate Career? Dave also coaches real estate agents the 3 secrets and 7 steps to building a real estate team/career. These steps took one agent from 20k in commissions to $1 Million in just 3 years. This same process enabled one Rookie to sell appx 33 homes his first year for a total of approximately $10 Million in Real Estate sales.
Dave has been featured in CRS magazine as an agent who learned how to double his income by reducing his 80 hour weeks to 40 hour weeks while taking a month of vacation a year, not working nights or weekends. He also was recently spotlighted as Broker/Agent of the month by his peers in Salt Lake City.
Dave's focus is his mission statement: To continually strenthen ourselves and our relationships by passionately caring for others, proactively discovering hidden needs, and persistently exceeding expectations.
People Looking to Buy or Sell their Home across the Salt Lake Valley:
1. Relocation services for employees, executives and owners of large and small companies. Assisting with selling of current homes and purchasing new homes in the State of Utah. Strictly Residential Real Estate.
2. Assist First time homebuyers with $5,000 free grant money and ensuring their first home meets their needs while being a solid investment that creates equity so that they can transfer that equity and trade up their home in the coming years.
3. Assisting people with buying foreclosures, pre foreclosures, and/or Hud/Va homes. Sign up for a Free List of Forelcosures.
4. Helping people sell their home. Dave utilizes 3 secrets and a 7 step process to selling homes. Find out what your home is worth here.
5. Assisting people with buying or selling in the largest planned community in the nation, Daybreak in South Jordan Utah.
Real Estate Agents who want to increase their sales, their value, their business, and their family time:
Coaching teams and agents through the 3 secrets of success with the 7 step process to achieve it. While just utilizing 1 secret, one Realtor went from 20k commissions a year to $1 Million in a year in just a 3 year time frame which was during the slow market.
Email Dave to apply to be one of the agents/teams that he coaches. Click the contact link above at the top of this profile.
"Dave has been an awesome coach and mentor to my real estate business. He has showed me that there is an easy and highly effective way to succeed in this extremely competitive industry. Under Dave tutelage, I have been able to hone my skills in having client care at a 100% positive satisfaction level, and have learn to become a market expert in certain farm areas. I have lots of respect for the Utah Dave Team, and am excited for what we have planned for the future." "Dave represented himself as an expert in his industry and he was accurate! He provided me insight into the value and appeal of my home, and an honest valuation of my home. He helped me sell my home quickly and for the price that I needed! I was driven to him through a referral and the exposure Dave gives himself in the community through various events and activities, as well as effective marketing! Thanks again Dave!" Top qualities: Great Results, Expert, Creative "How can you sum up Dave Robison? He is a proven leader, but is open to ideas from the group. The passion that he shows through his work and inspires in his colleagues is unsurpassed. Through my work with Dave over the past few years, I have seen him grow the business and continually find ways to make our processes more efficient and beneficial to our clients. With Dave Robison in the team, we will change the way the real estate industry is run across the country." December 5, 2007 "Dave provides a value-added experience for his clients through unmatched personal service and great results. He understands the real estate market and works directly with his agents to ensure the satisfaction of his customers. Dave will go above and beyond to help you market your home or find the perfect property. He is also the most fun agent you will find. Just ask..I recommend him to all of my friends (and neighbors)." Top qualities: Personable, Expert, High Integrity "My relationship with Dave started several years ago when he helped me buy my first home. After we purchased a home, Dave continued to be a friend. Now I work with Dave everyday and I still consider him a friend first. I've seen Dave carry on this relationship with countless "clients"...friends. I recommend Utah Dave because he's happy, smart, professional, a good dancer, and he's a friend." "Dave is highly experience and is always looking out for his clients. He is the perfect mix between personable and professional. He shows he cares by taking the time to make sure to understand what his clients are looking for and works hard to help them obtain the home they want. His negotiating skills make him head and shoulders above the competition. Its always a great experience working with Dave!" "In an industry laced with stagnant ideas and practices, Dave's ingenutiy provides a service unparalleled to company's I have worked with in the past. His postive and unclouded approach to business and life helps those in his large sphere of influence to improve their practices, including myself." "I have had the great opportunity of working with Dave in the last several years. I have both sold and bought a house through Robison & Company Real Estate. One of the things I found most impressive was the quick turn around when I left a message for him. For as long as I have known Dave, he has always been a very straight forward, honest and trustworthy man. I would recommend him hands down for anyone's real estate needs." Top qualities: Great Results, Personable, High Integrity ·"The Utah Dave team is a great group of people to work with. They make the Buying and Selling process easier for everyone involved. I have found that the Utah Dave team communicates very well with the parties involved in each transaction. If I have need of information to complete my part of the transaction there is always someone that I can talk to, whether it's the Agent themselves or their Transaction Coordinator. They always seem to have the information needed or will get back to me promptly with the information I request. With the Utah Dave team I see that it isn't always about the bottom line it is about making the customers experience better. I am amazed at how fast they can get something sold. I feel the reason is they are not afraid to spend money on marketing and they seem to market their listings much better than many Real Estate Companies. David Robison the Broker for Robison & Company is not afraid to tackle a difficult situation in behalf of their client when they are being unjustly dealt with. Either with the agent or buyer /seller on the other side. He is knowledgeable and abreast of changes in the laws that may govern Real Estate. Because of their Friendliness, their ability to communicate effectively and timely, the marketing tools at their disposal, and their knowledge, their clients get more for their money, sell their home faster and will have fewer headaches or problems with getting their home sold or bought." Sincerely Yours
In my observation each Agent becomes a friend to each of their clients which make the process much more enjoyable. The agents put their clients needs ahead of just closing the deal. They truly care about their clients.
Shane Liedtke - Meridian Title Company
My wife and I were married 8 years ago and met Dave Robison after buying a small starter home in Midvale, Utah. Initially, we were impressed with Dave's positive outlook and vibrance for life. It didn't take long for us to also recognize his strength of character and integrity in everything he says and does. We knew he would be a long-time friend. When we made a decision to move a couple years later, it was a no-brainer for us to ask for Dave's expertise. In the last 6 years, we've moved 3 times and Dave has assisted us every step of the way.
Each of our moves have been motivated by the different phases in our life. On each occasion, Dave has taken the time to meet with us and discuss our individual goals in moving. And of course, on each occasion Dave has helped us hit the mark. He identifies our criteria, works dilligently to locate buyers and sellers that meet our goals and negotiates hard with our best interests in mind. Our last 2 sales have taken a total of 12 days (from the time of listing to our agreeing to the proposed terms from the buyers) and have yielded us 11% more than our original recommended sales price. Dave does it all, and then some. He is gracious, professional and follows up with us every step of the way.
His level of service and follow-through is beyond the norm and even the expected. We are confident in his abilities and would openly welcome any questions you may have. Regards, Quinn & Kellie Elzinga
As an owner of multiple homes and a real estate investor I have worked with many realtors over the years. I can say without question that Dave Robison is the best I have ever had the pleasure of working with. He and his team are timely and professional, and he is truly an expert in the Utah market."
Bill, Vice President of North American Sales at Landesk
Dave, we couldn't have asked for anybody better to assist us. By the way, with "hundred's" of co-workers moving down from Idaho to the SLC area, I have heard numerous times about the quality of your web-site. It sure was helpful to us."
Ross w/Micron
• "On a scale of 1 to 10 you and your team would be a 20. You met all the expectations and exceeded them."
Kal, -Previously listed unsuccessfully for 6 months
with another agent before listing with UtahDave.
• "Utah Dave sold my home in one month when every other home was taking 6 months. And to top that miracle off, he sold my home for top dollar!
NOT A SINGLE HOME SOLD HIGHER THAN MINE IN OVER 11 MONTHS! (Even during the boom)
Another Realtor even came over to look at our house while it was under contract trying to figure out how Utah Dave sold it so fast and why other Realtor's listings weren't selling."
Daiana Springer
• "I just wanted to say thank you for all your awesome help in getting us into this house. We are finally making it look like home and now it is starting to feel like home.Korbin is adjusting well and his favorite part of the whole house is the stairs. His toys are learning to fly and we're hoping he'll lose his fascination with them soon.
Our bamboo plant goes perfect in our new kitchen and our first breakfast was delicious. Thank you again for the gifts and all your help. We will definitely be sending referrals your way."
Thank you!
Jess, Brad & Korbin
•‘Dave is well connected when it comes to Utah real estate...might be missing something if you don't talk to him. We trust him completely and recommend all our friends and family his way. He helped us purchase our first two homes and will be the Realtor we partner with when/if we decide to move again. We trust him completely and recommend all our friends and family to Dave.'
Jason & Jenn Tripp - West Jordan, Utah
• Dave assisted my wife and me in purchasing our first home and the experience was great. We had previously tried working with another realtor but we felt like we were being pressured to buy houses that didn't fit our needs. With Dave it was different. He was very patient and showed us houses until we found the one we could call "home". Since then we have sold our first home and purchased another through Dave and his team. Each experience has been as good as the first. When working with Dave and his team I truly feel like I am working with a friend who is looking out for my family's best interest.
I highly recommend Dave and his team and regularly refer family and friends to them, because I know Utah Dave will not disappoint.
Chris & Kim Frankowski - Herriman Utah
•Our buyers specialist for Utah Dave was great! We had a lot of drama with trying to get financing and some with the sellers, but she was always our ally and making sure that everything was always getting done when it needed to be. She was always willing to meet us to go through houses and was always really prepared with paperwork, etc. Then, when we finally closed, we were able to save so much money by using the van that Dave provided us with! It was a huge lifesaver to be able to move our stuff for free! Everyone at their company was always very friendly and informative. I am a customer for life, or at least as long as I am in Utah and I will always refer them to anyone looking for a great agent!!
Lindsay Jenkins
• You guys did an excellent job with everything and we really appreciate it. Our Utah Dave Buyer's Agent, Matt Brown, was outstanding. We ran into some obstacles and he did a great job helping us overcome them. The next time we have to move, we will want Matt helping us again. Thanks again for all your help.
Jeff Foutz- West Jordan Utah
•As a young family looking to get into our first home, we sure appreciated "Utah Dave's" friendly expertise. At that time he was mostly working in Salt Lake County, but he patiently drove us around to show us homes in northern Davis County. We have been in our home for over 7 years now, and we are glad that Dave was willing to "go the extra mile" and help us get into the perfect home for our family. They don't call him Utah Dave for nothin!
Zack Brown
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