2012 Starting Well For Logan Real Estate
Courtesy of: Alan Barker on January 9th, 2012
Things are looking bright for the future of Logan Utah Real Estate. It was the best December for home sales in four years and real estate inventory is at its lowest point since March of 2008. It really looks like we have seen the worst of the housing market crash and things are really starting to rebound.
As recorded on the Utah MLS last month, 69 Cache County Homes sold. This is up 4.35% from last month, and 5.8% from December of a year ago.
Under Contract Listings
Right now there are 98 pending home sales, or under contract homes in Cache County Utah. While this is lower than we have seen in the past few months, It is up substantially from January of last year when there were just 70 homes under contract.
Cache Valley Real Estate Inventory is the lowest its been in years. When the number of homes for sale goes down, competition for homes increases, which drives prices up. If the number of new home listings continues to drop at this rate, we may even see a buyers market in 2012. There are just 585 Cache County Homes for Sale right now.
The current indicators of the Logan Real Estate market indicate that the last few years of a heavy buyers market will end soon. Fortunately, mortgage interest rates are still at all time lows, and housing is currently very affordable.
Make sure that foreclosure is a good deal.
See this article for more info:
http://www.zillow.com/blog/2011-08-01/5-signs-a-foreclosure-is-a-good-deal/
Should I use a Realtor to buy a home?
I think this is a “no-brainer” (but maybe that’s because I am in the business!) No, really….Using a buyer’s agent is free to the buyer. Their commission is already built in to the seller’s costs, so why not?!
Let me tell you the advantages of using a professional Realtor: Using a competent Realtor will ease the process and allow you to get the best deal on your real estate purchase, and the most money when selling your property.
For most of us, buying a new home is the biggest financial decision we will ever make. There are many complicated decisions involved in choosing your new home. To protect your interests and assure that you make the best possible decisions, it’s important that you have an agent on your side who is an expert in the local real estate market.
As your buyers agent, my focus is on helping you get the best possible home at the best possible price. I will work hard not only in helping you find potential new homes to see, but also in keeping you informed of everything that takes place. I will help you find the best mortgage loan, locate competent home inspectors, and will help to negotiate the best prices and terms for you and answer all of your questions as they arise. I’ll be representing you, not the seller. This assures that my experience and expertise in the local market will be used in your best interests during the negotiation process.
So now you know….what’s the hold up? Give me a call today.
Dan Paskett (435) 232-8904
daniel@utahcornerstone.com