Posts Tagged ‘Cedar City Homes’

In our current market foreclosures are often the best deal you can find.   I have compiled a list of all the currently listed Cedar City Foreclosures.   These properties are all bank owned and ready for someone to purchase.  You can often buy foreclosures well below appraisal which makes them the perfect investment for savy buyers.  

Often times with foreclosures you will find the home has been trashed or stripped of valuable items.  You need to factor that into your offer price.   You also need to factor in the amount of work that will be required to bring the home up to your standard of living.   The great thing about foreclosures is if you are willing to do some work you can often get a better deal then if you purchased from a private seller.   

So here is the list of current (December 15, 2008) Cedar City area foreclosures.    Like always if you have any questions feel free to call me at 435-701-0448 or email me at team@cedarcityonilne.com.   I look forward to hearing from you. 

 I’m going to go David Letterman on you and give you a top ten.   If you have any questions about real estate or Southern Utah in general please feel free to contact me! 

And the top ten reasons Cedar City, Utah is greater than St. George Utah are…

10.  Shakespeare Festival

9.  4 Wheeler Laws (You can legally drive a 4 wheeler, side by side or off road motorcycle on the city roads in Cedar City as long as you don’t exceed 25 miles per hour) *restrictions apply you can read more about this on www.cedarcity.org. 

8.  Mountain Views

7.  Proximity to National Parks

6.  Cedar City Planned for Growth

5.  No Traffic In Cedar City

4.  Small Town Feel

3.  Average Daily Tempature in July  St. George 106  Cedar City 84

2.  Home Prices 10-20% lower then St. George

1.  St. George is 50 miles away!

I have a compiled a list of 8 things savvy sellers can do to get there home sold in this market.

1. Know and understand your homes value. You home is not worth its last appraisal, its not worth what the county tax assessor said, and its not worth what your neighbor 3 doors down sold his home for 6 months ago. It is exactly what someone is willing to pay for your home today. Hence, price realistically and broaden incentives, such as closing costs and throw-ins like appliances, or offer to fix minor problems. There is an old saying: “There’s nothing wrong with a home that price cannot fix.”

2. Hire a top pro former. In this market you need a qualified professional marketing your home. You should look for an agent with a great online presence as well as great sales numbers. 80% of home searches start on the internet your home needs to be one that potential buyers see. Look for an agent that sells homes not just lists them. To many agents are running around Iron County taking overpriced listings, they are doing both themselves and there sellers a major disservice. You want an agent that sells homes not just lists them.

3. Know your market, no two markets are alike. Sellers are fighting an uphill battle but homes that are correctly priced and marketed are selling. A little research can go a long way. Ask your agent for some sales trends as well as multiple recently sold and currently under contract comparables. This will help you see what is selling and what isn’t selling as well as give you a great idea about your homes true value.

4. Use the Internet. According to compete.com, total time spent online rose 24.3 percent from the fall of 2006 to the fall of 2007. People still look in the classified and real estate books but its a small minority compared to those who go online to get information. You want your Realtor to have a website that not only looks good but is also easily findable by searching Google, Yahoo, or MSN. (This website ranks #1 for all 3 search engines, and we have over 100 visits per day) Sorry for tooting my own horn but you found this site and so will other people.

5. Rent your home out. If you have rising mortgage payment and cannot sell your home without taking a large hit it may be possible to rent your home out. Ideally you would be able to cover your entire mortgage and have a little left over each month to cover any repairs that need to be done when the market swings and you are able to sell your home. You could also work out a lease to own option with any potential buyer.

6. Curb Appeal. In this market you need to not only focus on curb appeal but take it a step further to really differentiate yourself. Consider adding a fresh coat of paint. Ideal in a neutral color, you could even take it a step farther and hire a home stager. Another great idea is to get a pre-sale home inspection. This way the inspector can find any problems with the house and repair them before your buyer finds them. Obviously, you would need to disclose these problems but you could show the repair receipts and it shouldn’t be a problem.

If you would like more ideas on ways you can improve your chances to sell in this market please call or email me. Sam Dodd 435-701-0448 sam@cedarcityonline.com or Heather Carter at 435-559-2791 heatherecarter@yahoo.com