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Home Buyer Rights
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 expectation
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
The Real Estate Report Card www.TheRealEstateReportCard.com 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 ALL SALES 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 SHORT SALES 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 SHORT SALES 1.6% of active listing are Short Sales 0.0% of homes listed in last 30 days are Sh
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