What You Need to Know About the Utah Market

What is happening in our Utah Market? Today I am going to look at it with you.

Schedule a 30 Min Sit Down Today

Today I want to give you a quick market update and tell you what you need to know about real estate in Utah. When comparing this quarter to last quarter, we are down 4.6% in home sales. In fact, the Board of Realtors said that, if we looked at listings, they are down 1.6%. While we are seeing less homes on the market, our home values have increased dramatically. Since last year, the median home price in Salt Lake County has increased 7.8% from $327,000 to $352,000. Of course, different markets and areas are seeing different trends. However, this market has been fantastic with 10 years of growth. Now, though, interest rates are increasing which affects affordability. Recently, we had a buyer looking for a $440,000 home, but interest rates increased and reduced his affordability to $410,000. If you are selling a home, this changes the number of people that can buy your home.

“

If you are selling a home, affordability changes the number of people that can buy your home.

”

When we have less homes on the market, people become afraid of where they are going to go and buyers think that they can't afford a home. Statistically, property values have increased by an average of 3.3%over the last 26 years. What you need to know is this: Interest rates are still great, but they are going up. It is affecting the affordability and is starting to squeeze the value and the affordability of homes. You are going to start seeing more and more townhome projects that come to your city planning meetings as well as smaller micro units. Also, according to economists at the University of Utah, we are seeing an increase in the number of multi-generational families that are living in the same habitation due to affordability concerns. If you need anything such as a home value or a new home, now is a great time to look at different options. For sellers, it's a good time to decide whether to sell or keep your home. Meanwhile, if you are looking at buying, you can look at the interest rates to see if it's a good time to buy. I will say this: Never wait to buy real estate. If you have any questions, please feel free to contact me. I look forward to speaking with you soon.

Be Present With Clients and Break Through to the Next Level

Do you want to break through to the next level and bring in more business? Today I have three important tips on how to do so.

Schedule a 30 Min Sit Down Today

One of the things that I have learned over the course of my career is that sometimes, when we join the real estate business, we get so heavily involved with every step of the process that it results in us not being fully present with clients.Today I am going explain how we show up and how to break through to the next level. 1. You have to be present. When you are with a client, you should be focused on them. Whether you are talking to one person or 100,000, bring all of your energy to that conversation. I never know who is listening to me on my videos, but regardless of if it is one person or 20, I will bring the energy to it.

“

Be expressive and show passion as you speak, because this will help show them that you are a person they can trust.

”

2. You have to own your space. Clients want and expect you to be a force to be reckoned with. Be expressive and show passion as you speak, because this will help show them that you are a person they can trust. Clients should have a good idea of how you’re going to guide them to their goals. This is exactly what I’ve done with my own clients. I’ve created this impression by speaking and acting with confidence. One client in particular affirmed that this was the case during a recent conversation I had with them over email. I had reached out to them to explain my thoughts on their million-dollar listing. When they responded, they said “You’re the pro. You’re the expert. Just let us know what we need to do.” When you display confidence during interactions with clients, you won’t have to convince them of your competence. They will sense it. 3. You have to find your love for it. I really love this business and I hope that is apparent. The key to being successful, yourself, is to find your niche in this industry, whether it is working with people, working with contracts, or doing construction. When you find what you love, it will be easy to show clients that you’re passionate. Having passion will bring a new level of intensity to your career and will help you attract more business. If you need anything from me and my team, please feel free to reach out to me by phone or email. I look forward to speaking with you soon.

Hiring a Handyman Instead of a Contractor – The Pros and Cons

Today I have a list of the pros and cons of hiring a handyman to help you decide which is best for your situation.

Schedule a 30 Min Sit Down Today

Are you considering a handyman over a professional contractor to get your small repairs completed? Today I have a list of the pros and cons of hiring a handyman to help you decide which is best for your situation. The pros of hiring a handyman are: 1. There are more options for you to consider hiring. Lots of people are able to complete your job and can help you. 2. They may have more open availability. You will most likely not have to wait for them to get out and fix your issues. 3. You can save money. The costs for handymen are sometimes significantly cheaper than contractors. And, they can usually do it quickly.

“

You should choose the person who is going to do the best job for you.

”

The cons, meanwhile, are: 1. They lack expertise in certain areas. They cannot be fully trained in every aspect—just their trade. 2. A handyman could cause serious damages later. An incorrectly installed light switch could lead to a fire. 3. A lot of times, they do not have proper insurance. If something does go wrong, they are unable to back it up. 4. You get what you pay for. I would not recommend hiring a professional with an extremely high fee. However, you do not want to pay the least amount and get the worst quality as well. When you are looking at pros and cons for the people that you are hiring, I believe you should choose the person who is going to do the best job. Whether that person is a professional, a handyman, or just someone that is assisting you because they have done a certain task well before, choose the person that is the right fit for you. If you have any questions about this, please feel free to reach out to me. I would be happy to assist in any way that I can.