As citizens of the United States we have the Bill of Rights and the Constitution to protect us!What protects a buyer of real estate and what are their rights? Let’s review them…keep in mind that local and state laws will have an impact on Buyer Agency and the nature of disclosure. Also bear in mind the statute of fraud requires any real estate agreement to be in writing. This offers the parties the greatest protection under the law.
Buyer has right to...
Choose neighborhood. Select a lender of their choice. Acceptable financing, closing costs, insurance, and interest rate. Exclusive Representation, to use the REALTOR of their choice. Choose their escrow company or closing attorney. Choose their home inspector. Inspect the property, to perform due diligence to their satisfaction Request repairs or corrections, to resolve objections. Cancel sale based on Due-Diligence, Financing, or Appraisal. Fnal walk-thru inspection. Take possession of the property with certain expectations.
The Real Estate Report Card
Let’s take a look at the 30 day snapshot of our Salt Lake County Real Estate Market!
Here are the numbers looking back from 1/22/2018
Total # Actives 1840
Sold last 30 days 841
Sold last 365 Days 17866
Listed last 30 days 618
Total Pending Sales 1965
Pending last 30 days 1006
Expired last 30 days 404
Expired 365 Days 4926
Median Price per Sq. Foot $136 Median Cumulative Days on Market 29 Median Sold Price to Original List Price 97%
Average Price per Sq. Foot $149
Average Cumulative Days on Market 52
Average Sold Price to Original List Price 96% Months’ Supply of Homes 2
Total # Actives 29
Sold last 30 days 2
Sold last 365 days 86
Listed last 30 days 0
Total Pending Sales 10
Pending last 30 days 4
Expired last 30 days 5
Expired listings 365 Days 88
Months’ Supply of Homes 15
1.6% of active listing are Short Sales
0.0% of homes listed in last 30 days are Short Sales
1.8% of homes pending are Short sa…
Average Price per Sq Foot— $147 Average Days on Market— 38 Sold Price to Original List Price—Avg. 98 % Absorption Rate—Months Supply of Homes 1.4 ALL LISTINGS Total # Actives 1953 Sold last 30 days 1327 Sold last 365 Days 17739 Listed last 30 days 949 Total Pending Sales 2727 Pending last 30 days 1626 Expired last 30 days 280 Expired 365 Days 4946