Real Estate Blog - Dan Kennedy's Blog | Page #19

The summer selling season is still in full swing. Buyers are out and about and ready to write offers. The low end of the market ($250k and below) is still on fire. Average days on market in Utah for a home below $250k is in the teens. Homes are selling very well. 

The mid price ranges ($250k-$500k) are also performing well with an average days on market of 21 days.  The upper price ranges above $500k are still selling as well, but sellers just need to get more competitive on their asking prices in this range.

Our team closed on three sold listings sin the past 7 days. All had mutiple offers and sold for above asking price.

One of them was this Lehi home that had five offers in the first week.  It sold for several thousands of dollars above asking…

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Is Now A Good Time To Buy A Home? The truth is, this is the wrong question to ask.... I think the better question is, does it make sense for me, in my current situation, to buy a home?

We believe that regardless of season or market trends determining a good time to buy can vary based on a variety of factors.

Do You Have The Money?

Buyers need to know if they comfortably pay for a mortgage, homeowners insurance, homeowners association fees, and taxes. We recommend that you contact a loan officer to get a preapproved for a Mortgage. They can lay out your options and help you determine what you can comfortably afford. Many professionals recommend that housing costs never exceed more than 28% of gross income and your total debt should be less than…

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