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Thank you for having allowed me to help you with your Real Estate needs. It’s been a tremendous pleasure working with you. I look forward to working with you in the future! I appreciate the fact that so many of you have been eager to refer your friends and family to me. I cannot thank you enough! Many of you have asked, “how else can I help you?”  Testimonials from happy clients go a long way to helping others trust me. Today, online testimonials and reviews are critical. If you have a few minutes, you can greatly help me out by filling out a review on Google +, Yelp, Zillow, and Trulia. To fill out a review, Click Here.

 Thank you very much!

Brett Wilde   801-623-9552

St George Parade of Homes attendance climbs 15.4%

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Pictured:
Top: #23 Henry Walker Homes
Second: #22 Salisbury Homes
Third: #20 Jensen + Sons Construction, Inc.
Bottom: #25 DG Ventures

The 2013 St. George Parade of Homes recently concluded in St. George, Utah. Thousands converged upon the Southern Utah area to walk through and get a close-up look of 28 newly constructed homes by the area builders.

If the Parade, which ran from February 15th-23rd,  is a snapshot of the what’s happening in new construction in the area; 2013 looks to be a promising year for St. George. This years attendance increased 15.4% over last year, another indicator that the housing market is recovering. There were 28,652 attendees this year, compared to 24,838 last year.

Traffic was steady and evenly spread throughout the parade route. The homes were elegant and  presented a range of options to patrons, with 18 of the 28 priced below $600,000. The most affordable home at $304,900 was built by Salisbury Homes in the gated Boulder Springs community. The most expensive home at $2,699,950 was built by Ron Jensen of  Jensen + Sons Construction in the Stone Cliff community.  There was a tangible feeling that the St. George Real Estate market is back and ready for a big year.

2013 Parade of Homes Summary

  • 23rd year
  • 28 Homes in Parade
  • Up 15.4% year-to year
  • Over 28,000 guests
  • Average Home
    • 3,035 Square Feet
    • 4 bedrooms
    • 3.3 Bathrooms
    • $632,000 ( 8 Sold, 20 For Sale)
    • $195 Sq./Ft.

Interesting Statistics

  • Of the 28 homes
    • 7 were priced in the 300s
    • 8 were priced in the 400s
      • 3 were priced at $449,900
      • 14 homes priced under $499,900
    • were priced in the 500s
      • 14 homes priced over $500,000
    • 3 were priced in the 600s
    • 2 were priced in the 700s
    • 3 were priced in the 800s
    • 2 were priced over 1 Million
LINKS

St George Parade of Homes

Henry Walker Homes

 Salisbury Homes

Jensen + Sons Construction, Inc.

DG Ventures

Stay tuned for an upcoming blog post, in which we will recap our favorite homes from this years Parade of Homes.

 Brett Wilde a licensed Real Estate agent in Utah. He is a contributor and sponsor of Utah Home Deal. To ask Brett a question about Real Estate,  you may email him at brettwilderealestate@gmail.com

Home Improvement Projects

3 home projects to improve your home’s sell-ability

There are countless home improvement projects that can range from the quick and easy, to the incredibly difficult and expensive category. However, here are three suggestions that can be relatively inexpensive, fairly quickly, and without hiring a professional. More importantly, these three things will make your home more sale-able, and can result in a dramatic difference in buyer enthusiasm.

FIRST Tear down wallpaper and put a fresh coat of paint on the Wall

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I’m sure the wallpaper looked great when you first put it up. I bet it was beautiful and made visitors stop in their tracks in amazement and awe. However, most likely it now appears terribly dated and only calls attention to the fact that your home is aging rapidly.  Replace it with a  nice neutral color like eggshell white or beige.  It won’t hypnotize anybody, but that’s exactly the point. When selling your home, you want to make sure that your walls aren’t a distraction, and appeal to a wide audience.

Tip: Wallpaper can be a bit of a challenge to remove sometimes. Mix 1 part hot water to 1/2 part fabric softener to create a create solution that you can put use a bottle to spray the wallpaper. Score it first, and use a flexible blade to get underneath and remove it cleanly. 

SECOND Replace hardware on cabinets and doors

It’s surprising how many older homes are shown with missing knobs on cabinets and broken door handles. Not to mention, older hardware may be tarnished and worn down.  Hardware can get really expensive depending on what you get, but you can find handles and knobs for around $2 that will go a long way to improving the look of your cabinets in your kitchen and bathrooms. Since most buyers tend to focus heavily on these areas of potential homes, the small investment will pay off.

Tip: Stick to simple styles with hardware. They will match up with more cabinets and the more ornate styles that are made. 

THIRD Replace all your lightbulbs and add some light to the scene

lightbuldEvery photographer will tell you that one of the keys to every great photograph is great lighting. Our eyes love nice even lighting. Make sure all of your lamps and fixtures have fresh light bulbs in them. A 60 watt lightbulb is a great choice in most cases. Perhaps you’ve made the change over to Compact fluorescent Lights (CFLs) and are enjoying the energy savings. A 13-16 watt CFL bulb would work. If you can, add some small accent lights above shelves and cabinets. At the time of the open house, use caution, but put out a few candles to add some warmness to the lighting, with the added benefit of making everything smell great.

If you want more specifics on how-to do these projects, there are lots of resources to check out. There are many great written instructional guides across the web, written in home improvement books, and multiple videos on youtube. Just use our best friend google to find out more.  I hope you find that your home is brighter, fresher, and better visually for buyers as they see your home for the first time. Remember the old adage that you never get a second chance to make a first impression. These three home improvements will go a long way to appealing to as many people as possible. Best of luck to you!

Brett Wilde a licensed Real Estate agent in Utah. He is a contributor and sponsor of Utah Home Deal.  If you have any questions,  you may email him at brettwilderealestate@gmail.com

How to Determine Home Value

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One of the most common questions that I’m asked is, “What’s the Value of my Home?”  For most people, your home is your largest financial obligation or asset. Therefore, its understandable and recommended that every homeowner know the value of their home. There are several methods you can use to approximate how much your home is worth. I’ll briefly discuss a few options, but share with you the best way to know how much your home is worth.

Ways to Determine Value of Your Home

cash-house-smYou might look up your tax assessment, where you find how much your property is valued for tax purposes. Your county assessor website will usually have this information available. However, you want to keep in mind that the value given is only for tax purposes and may not be an accurate market value that you would get if you were to appraise or sell your home.

There are several websites out there that attempt to value homes, including such sites as Zillow and Trulia. While their methods of valuation are correct in principle, due to errors in information that they gather on the properties, we’ve found that these estimates can be off-the-mark, in some cases by a large margin.

contract-smYou may also have a licensed appraiser come out to your home. This is the most accurate method, and a bank or lender will want a professional appraisal done before they will lend money on any property. However, appraisals cost several-hundred dollars. This is where a real estate professional, agent, or Realtor, may be very valuable. Nearly all real estate professionals  will provide you a Competitive Market Analysis (CMA) for free and no-obligation.

What is a CMA report for your home?

We’ve all heard the phrase “Location. Location. Location.”  When it come to real estate, location is almost always the primary factor in determining the value of a property or home. To determine the price of a home, we first look at location. Specifically, we’re looking at the neighborhood.

Second, we need to see what’s happened in that neighborhood recently. A real estate professional is going to do a Comparative Market Analysis (CMA), which in layman terms, simply means that they are going to look at what properties have sold recently and compare them to yours.  Using homes that have sold recently is the most accurate method of accessing value, because it reflects what people have actually paid, rather than a perceived value.

Looking at those sold homes,  we try to find those that are the closest in style and condition to yours.  Often times, homes in a neighborhood were built at the same time and are quite similar.If  this is the case, it should be easy to determine a price. However, when a custom home is involved, or a neighborhood has many different types of homes, adjustments have to be made to access a value. For example, having an extra full bathroom compared to another home can be equal to an additional $5,000 in my local market. Such adjustments are made in the calculations and require knowledge and expertise in the local market and building costs.

Homes may include special features or upgrades unique for the area. When comparing against older homes, a kitchen that has been recently updated with new cabinets, appliances, and a premium counter-top will certainly add value and sell-ability.  A home may also be in need of repair and adjustments may be needed accordingly.

At this stage, a good real estate professional will usually have enough information to give an approximate valuation to the property. Typically, an agent can give this to you in a report, providing information on what recently-sold properties were used as comparables.

What do you do with your CMA report?

After you know the approximate value of your home, you will then have the information you need to make decisions such as listing it for sale, repairs, and remodeling. Ask your agent whether the market is favorable to selling. A good market to sell in is one in which there is more buyers than sellers, which often leads to multiple-offers and getting top dollar for your home.  It may make sense to list the home, make improvements, or to continue to live in the home as it is. photo-20sm

A CMA report prepared by a Realtor is a valuable piece of information and I’d recommend having one prepared every year.  There is no need to be selling your home in order to request a report. You can request one at anytime. At Brett Wilde Real Estate Team, we will prepare a CMA report for you, and can also send you an updated copy as often as you need. The more you know about your neighborhood and home, the better off you’ll be.  If you have any additional questions, please feel free to call us 801-623-9552.