Short Sales

Short Sale Changes

Short Sale Changes "Effective December 31, 2013 - Short Sales no longer have an automatic waiver of the deficiency.  It is even more important now for agents to recommend sellers get advice from their accountant or legal counsel." This statement was sent to all agents  in our Local St George Real Estate MLS recently. Basically what it means is, up until now if a person entered into and sold his or her...

Distressed Property Update

Things are continually changing in the St George real estate market so I wanted to offer this Distressed Property Update. First item I would like to discuss are the Short Sales in the St George Real Estate market. The quantity of short sales has definitely shrunk. This may be a sign that property values have reached a point where people that were formerly upside, have enough equity to sell. Until now, many...

Washington Fields

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...

Credit Worthiness

Credit Worthiness is a term used to indicate if a person is capable of obtaining, or worthy to get, a loan. There are several factors that play into a bank being willing to loan a person money. The process has tightened dramatically in the last few years. Some people say that the entire housing crisis and subsequent drop in the real estate market was a result of poor lending practices. Many people were...

St George Home Short Sales

Don’t Shoot the Messenger When it comes to determining the price of a piece of property, emotions are definitely a factor. Ironically, both the seller and the agent have the same goal in mind, “Sell the Property” the challenge is getting both seller and agent to agree on a price. The value of a home can be estimated by a process known as a CMA or a Comparable Market Analysis. This process looks at...

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