A popular location in the real estate in St George area and southern Utah is Washington Fields. The area is relatively new and has some nice homes that are reasonably priced. Like many areas, Washington Fields has struggled with foreclosures, and short sales. The real estate market in St George has finally turned, in the fields, and homes prices are increasing. This is good if you have been waiting to sell, not so good if you are interested in purchasing in Washington Fields. Homes are currently selling for anywhere from $95 a square foot up to $140. There are still some distressed properties available, but they typically are gone days or even hours after they hit the market. In order to get a “good deal” in Washington Fields the buyer has to have a plan and be included in real time as houses come available. Real Estate in St George and in Washington Fields are both currently great investments.
Good Deals in Washington
In order to get a good deal in Washington a person needs to develop a plan. It is a good idea to understand how houses become available. The local St George Real Estate MLS is one of the best resources to view new listings. Another source for good deals are the government foreclosure websites. There are several to connect with. We have direct feeds from most of these sources, making it easy for us to forward them on to you. The Fannie Mae and Freddie Mac type foreclosures require the person purchasing to use an agent. There is really no incentive to take the time to set up your own notifications from them. If you are interested in a distressed property give us a call we can help you establish a plan to increase your chances of obtaining a lower priced house. It is important to understand that searching for a great deals in the Real Estate market in the St George area takes quite a bit of time, and is not for a person that needs a house right away. It is also important to consider that housing prices are increasing while a person may be spending time chasing the illusive great deal. In other words if you dedicate 9-12 months looking for a great deal you could have purchased a house and enjoyed the appreciation currently taking place. It might be a good idea to solicit the help of a real estate professional when looking for deals in Real Estate in St George.
Short Sales in Washington Fields
The number of short sales in the Real Estate market in St George have reduced greatly over the last few years. This has made searching for short sales much more difficult. Like foreclosures, when a short sale hits the market in Washington Fields, or the entire St George Real Estate market for that matter, they are usually gone in less than a week. Most have multiple offers on them. Multiple offers on St George short sales means that many times the house sells for more than the asking price. Multiple offer sales on real estate in St George are basically what they sound like. The seller, and the bank will have several offers to choose from. In some cases the seller is totally disengaged and doesn’t care what the house sells for, they just want to move on. They may accept a low offer, but the lender who is “coming up short” has the final say on how much the property will actually be sold for. Making an offer on a short sale on St George Real Estate needs to be carefully researched to assure that you are not paying more than you need to. Care should also be taken to offer enough to beat the competition trying for the same property. The appraisal is also a factor to be taken into consideration. If a person offers too much for a house there is a chance it may not appraise for the sales price. Short sales, in the St George Real Estate market can be a good deal. You might want the help of a real estate professional especially since it won’t cost you, the home buyer, to use one.