Posts Tagged ‘Cedar City Real Estate’

Cedar City Foreclosures

Posted by admin on December 15th, 2008

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. 

MLS # Status Type Price Address City Beds FullBath HalfBath GarCap AppSqFt
  47638   ACT   SF   $75,000   1074 E Millhollow Way   Cedar City   5   3   1   2   2600-2899
  48151   ACT   CTH   $89,900   356 S Highway 143 D-2   Brian Head   2   1   0   0   0-899
  47780   ACT   SF   $99,000   37 W 100 N   Parowan   4   1   1   0   2000-2299
  47663   ACT   SFA   $110,200   2647 W 5300 N   Iron County   2   1   0   2   900-1199
  47223   ACT   SF   $114,900   132 N Hamilton Ave.   Cedar City   3   1   0   0   1200-1399
  47473   ACT   SF   $129,000   5371 N 2800 West   Enoch   3   1   0   0   1200-1399
  47581   ACT   CTH   $130,000   1840 W 1100 North #19   Saint George   4   2   0   2   1400-1699
  45484   ACT   SF   $149,900   876 Eagle Lane   Panguitch   3   2   0   0   1700-1999
  47887   ACT   SF   $151,900   4617 N Tumbleweed Dr   Enoch   3   2   0   2   2300-2599
  48062   ACT   SF   $194,900   2158 N Wagon Trail Dr   Cedar City   2   2   0   3   2900+
  47714   ACT   SF   $194,900   1019 S 4425 W   Cedar City   4   2   0   3   1700-1999
  48215   ACT   SF   $199,900   180 S 2875 W   Cedar City   3   2   0   2   1700-1999
  47940   ACT   SF   $219,900   2021 W 460 S   Cedar City   4   3   0   2   2900+
  47387   ACT   SF   $230,000   835 W 100 South   Hurricane,   4   2   0   2   2000-2299
  47896   ACT   SF   $230,900   1944 Swiss Circle   Santa Clara   4   2   1   3   2300-2599
  48184   ACT   SF   $274,900   1914 S 20 E   Washington   4   2   1   3   2300-2599
  47673   ACT   SF   $280,900   471 S Rose Hill Rd   Cedar City   6   3   0   4   4000+
  47860   ACT   SFA   $299,900   3972 W 1950 S   Cedar City   3   3   0   2   2900+
  47670   ACT   SF   $299,999   3756 W 1300 North   Cedar City   5   3   0   3   2900+
  48084   ACT   SF   $356,000   3718 W 1400 N   Cedar City   0   0   0   4   4000+
  47954   ACT   SFA   $399,900   360 N Shore Rd   Panguitch Lake   5   3   0   3   2300-2599
  48161   ACT   SF   $749,900   470 N Country Lane #6   Santa Clara   7   6   1   3   4000+
Go to Cedar City Homes to view pictures and details or contact me and I can email you the list with full details as well as pictures. 

 

 


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Top 10 Reasons Cedar City is > St. George

Posted by admin on August 23rd, 2008

 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!


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Cedar City ERA

Posted by admin on August 7th, 2008

I will now be working for ERA Realty.   I will still be the listing agent for Trophy Homes we will just be using ERA to market the properties.  This will allow me to list and work with buyers outside the Trophy Homes community.  

If you are looking to buy or sell real estate in Southern Utah, I would be happy to assist you in any way possible.   I have the top ranked website in all of Southern Utah.  The differance between my website and other agents websites is that mine is easily findable through Google, Yahoo, and MSN search engines.  This means if you list with me buyers will find your property before other agents.   Considering over 90% of buyers start there search for real estate online this means the internet is the most effictive advertising for sellers.   

Being we are now in a buyers market it is just that much more important for sellers to get all the exposure possible.   If you list with me I will do whatever it takes to get your home sold.   Here is a list of items I will do if you choose me as your Cedar City Realtor.

My Objectives Are the Following:

    1. To do whatever it takes to get as many qualified buyers into your home.  

     

    2. I will communicate with you regularly to give updates on our progress. 

     

    3. I will assist you in negociating the most possible amount for your home. 

    The Following Are the Steps I Take to Get a Home Sold … the “Pro-Active Approach”:

     

  1. List your home on the local Multiple Listing Service.
  2. Price your home competitively … to open the market vs. narrowing the market.

  3. I will also do this to make sure your home or property gets the most exposure possible.

    1. Promote your home at our ERA company sales meeting.

    2.  

    3. Develop a features list that attracts buyers to your property.   

    4.  

    5. Fax a features sheet to the top 50 agents in the marketplace for their potential buyers.

    6. Suggest & advise as to any changes you may make to make your home more marketable.  

    7.  

    8. Constantly update you as to any changes in the marketplace.

    9. Prospect 4 hours per day and talk to 20 people per day looking for potential buyers.

    10. Contact over the next seven days … my buyer leads, sphere of influence and past clients or their referrals and prospective buyers.

    11. Add additional exposure through a professional sign and lock-box.

    12. List your home for sale on www.cedarcityonline.com including a personal blog post about your property. 

    13. Anything else nessecary to get your home sold.  

    So if this sounds like something you would be interested in please give me a call so we can get started in getting your home sold. 

    Sam Dodd

    ERA REALTY

    435-701-0448

     

 


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Now is the the time to buy.

Posted by admin on July 1st, 2008

Many people don’t realize this but with interest rates slowly creaping up and with house prices leveling now is the time to buy.   Below I will show an example of why the fact that rising interest rates are as important as price when purchasing. 

 Ok so example time.  

Two months ago a 30 year fixed rate mortgage through the USDA was at 5.5% interest. 

Today you are looking at 7% interest. 

Lets say you are looking to purchase a $250,000 home.  

So if you had a Fixed Rate 5.5% loan to pay for the full $250,000 your payment would be $1,419 plus taxes and insurance.  

The same loan at 7% interest would have a payment of $1,663 plus tax and insurance.   So lets say you can only afford a $1,419 payment but you waiting until today to purchase.  The $1,419 payment at 7% would mean you can now only afford a $212,000 dollar home. 

By waiting you are losing 38,000 dollars worth of purchasing power. 

If you have spent much time looking at homes in Cedar City you know there is big jump in the qaulity of homes from $212,000 to $250,000 dollars.   

Here is another thing to look at.   Over the life of the loan the guy who barrows $250,000 dollars at 5.5% interest pays 261,009 in interest.  If you barrow only the $212,000 at 7% interest you end up paying the bank $295,758 in interest and you barrowed $38,000 dollars less money. 

SO lets recap!   You barrow less money and pay more interest by waiting to purchase and paying a higher interest rate.   Is it really worth it to wait even if you think the market may continue to slowly fall before bottaming out?


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Buying in a Down Market

Posted by admin on January 11th, 2008

Many people wonder if they should buy in a down market. I personally think a the down market is a great time to buy. You don’t buy stocks while they are high, you buy them when they are low and sell when they are high. Houses should be the same. Here are a few tips I have compiled to give you ideas about what you can ask for in a buyers market that wouldn’t fly in a Sellers Market.

1. Home repairs paid by the Seller. If you see some things that need fixing but otherwise the house is great ask the seller to fix or pay to fix those items.
2. Ask for the seller to pay all closing costs. This will save you the buyer anywhere from 2-4% which is big money.
3. Ask for the builder to through in upgrades at no additional cost to you.
4. Ask for the seller to carry the note or part of the note.
5. Ask for owner financing or a lease option

When you really break it down you just need to negotiate the best deal for yourself. This is why having a professional Realtor is so important. Your Realtor should help you to do these things, provide you with ideas and truly listen to you so they know what it is you are looking for.

The days of bidding wars for homes are over and people still need to buy and sell homes. You need to arm yourself with the local market knowledge that will allow you to get the best deal. I do have to warn about being realistic. I’m sorry but the sellers can’t cut there price in half, this doesn’t mean there aren’t great deals to be had but it does mean you need to be realistic, professial, and polite when making offers.

I hope this help and if you have any questions about Southern Utah real estate or about buying or selling in general please contact me. Sam Dodd at 435-701-0448  you can also reach me by clicking the contact Sam button.


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