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Home Selling in Park City : Real Estate Advice

  • All125
  • Local Info4
  • Home Buying23
  • Home Selling4
  • Market Conditions5

Activity 12
Wed Sep 27, 2017
Faith T answered:

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0 votes 1 answer Share Flag
Sun Mar 22, 2015
Jeff Tomlinson answered:

I hopes it works out, but not all agents are the same nor are their evaluations so unfortunately, they could have under estimated your market and values. In fact were are seeing a 15 to 20% growth in your area and a projected increase for the upcoming year.

My average seller doesn't even pay a commission because we educate the seller on what they can do to get a higher offer and use a unique marketing program that finds qualified buyers who are willing to pay a higher price on a home. My staging plan focuses on vale so they can see the property we are selling is worth more and the buyers do not want to loose it to other buyers so the first buyer offers us a higher offer and we net more to my sellers.

It is a excellent way to market a home plus I have one days listing agreements so if you don't like what we are doing you can fire me at any time. NO long term contract and No commission unless we sell your home plus you can sell your home on your own. If fact I have a complete packet that explains how you can sell your home on your own.

If this buyer falls through give me a call.

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0 votes 7 answers Share Flag
Tue Jun 10, 2014
Sandy Straley answered:
I sell homes in the Salt Lake Valley and in most areas of the valley, the prices have risen over the last year. The prices have leveled out for the most part over the last month. There are still quite a few buyers looking to get into their new home before school starts. If interest rates stay around 4% to 4.5% the prices should continue to rise. Right now is a great time to sell your home because the weather is good and people like to move in the summer. You can check out my web site for more information on the current market in Salt Lake Valley - go to: ... more
0 votes 3 answers Share Flag
Wed Apr 2, 2014
Rich Fine answered:
I'm noticing this went unanswered for weeks, I'll go out on a limb here. For me, residential listings are at typically at 6%, there are exceptions with regard to distance driven, location, where a moderate amount of difficulty to even get to a property with affect the percentage and length of time I'm willing to sign for a listing.

There are over 800 of us in this market, we are all independent for the most part, and unlike attorney's, there is no retainer up front. There are some of us that spend $1000's a month to keep a marketing machine running, it's daunting for agents that don't have the budget to do that, especially when they find one page homes magazine ads start at $600 each.

The website has been running for 20 years, a supply of regular viewers is something you can't buy. Consider how buyers shop for homes these days, a yard sign is nice, but maybe that 7% listing agent has a tremendous presence where buyers shop.

As for the commission, be aware that the agent doesn't plunk $45k and change in his pocket. It's split, with half to the agent bringing the buyer. I'm sure you're aware that once half comes to the brokerage, if it's full service like mine, they take a nice chunk for the brand right off the top, and then what's left is split with the company based on negotiated splits. Then 1/3 of what comes to me goes to the IRS. For round numbers, that amounts to about $10k, now the expense of desk, marketing, expenses, time, all comes in to play. Find an agent and agency that is a well oiled machine, photographers, marketing, staff, signage, all in place.

As for being special and not wanting to work, and lumping all in to one group, I'll leave that for someone else to address. I would expect by now you are listed, sold, and packing up. $650k in 84098 is a hot number.
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2 votes 1 answer Share Flag
Fri Mar 7, 2014
Haley Soto Ash answered:
Selling a home will be your largest transaction you do. You need an agent who can arrange the showings for you, provide you with feedback, is in consistent communication with the buyer's agent (once under contract), and MOST importantly you need an agent who is familiar with the legal documentation. As an agent, I ensure the seller has all the correct documentation, the contract is legally binding, and ensure it is all filed out properly. You need an agent who knows the process, keeps the contract current, reviews title, and takes all the stress off of the seller.

Did this help?
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0 votes 5 answers Share Flag
Wed Feb 19, 2014
Dennis Hanlon answered:
Mr Smith; first of all, if you are selling a home in Park City, look for an agent who lives and works in Park City. One who has the knowledge necessary to properly price and market your home. One who knows the local market and knows the selling points of your particular neighborhood and has sold in your neighborhood. Then, as many have suggested below, ask for and compare marketing plans...all agents and companies are not equal. Look for past performance, not promises.
Dennis Hanlon
Associate Broker
Summit Sothebys International Realty
435 640 5851
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0 votes 12 answers Share Flag
Sat Feb 15, 2014
Sajkhan answered:
Did you sell your unit?
If not let me know I am interested in purchasing a 4 bedroom fractional at the chateaux
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Tue Jan 28, 2014
Sheila Hall answered:
The minimum indicator is a 435 area code on their phone number! Good luck and let me know if I can be of assistance.
0 votes 3 answers Share Flag
Fri Jan 10, 2014
Christine Grenney answered:
Of the three homes sold on the creek in Blackhawk in the last 18 months, I have sold two.

There has been an increase in the price per square foot during that time as well; from $224 to $294 per square foot. To face perpetual open space with year-round wildlife, the homes on the creek in Blackhawk offer the only asking price that currently falls under $550,000 in Park City. This is why those particular properties are so sought after. The most recent sale sold at full price in multiple offers after only 6 days on the market.

I also own a home in the neighborhood and my husband is one of the original owners. I have a lot of experience with selling homes in Blackhawk as well as the ability to attest to the value of the quality of life in the Blackhawk Station.

Call or email anytime if you have questions.

Christine Grenney
Summit Sotheby's International Realty
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0 votes 5 answers Share Flag
Fri Dec 6, 2013
DeLoy Bisel JR answered:
Just a couple of quick comments that no one has mentioned. The listing agent doesn't always get the agreed upon commission. If another agent brings the buyer, that agent gets the agreed upon amount that is contracted in the MLS listing. So most of the time half of the agreed commission goes to the listing agent. Then yes Ward, there are costs of doing business. All agent in Utah work with a brokerage. Be it there own or contracted there are costs. For Example One Utah Brokerage pays 100% commissions, but wait there are transaction fees, errors and omissions insurance, the agent has to do all of the marketing on the listing, etc. Other Brokerages charge up to 50% of the agents commission and give the agent all of the above. Don't forget agents are considered self employee and Uncle Sam wants a bigger share of earnings from the self employed. The agent may have as previously mentioned have a quick sell, or the sell from hell. With all this in mind everything evens out from one transaction to another. The agent may after all is said and done get 10-15% of the 6%. Bottom line is as also mentioned. You are hiring a Professional, who by the way after all the testing to get the license still has to have continuing education, who can and should help you with the process. Just interview the agents until you are happy with what you hear. The commission is only a small part. Good Luck.
Exit Realty Plus
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0 votes 11 answers Share Flag
Wed Dec 4, 2013
Nick Coleman answered:
The seller is required to purchase the Title insurances to protect buyer against any encumberances (liens), boundary disputes, property description issues, ... current and historical. The seller also protects themselves since the Title company assumes the responsibilitiy. The Title Insurance will be for the full purchase price of the property.

If the buyer is taking a loan out on the property, then the mortgage company requires the buyer also purchase Title Insurance to protect the interests of the mortgage company. The buyer's title insurance will be in the amount of the mortgage. If the buyer is paying cash, then they won't have to purchase a title insurance policy .

Hope that answers why you'll see both the Seller and Buyer purchasing Title Insurance.

Nick Coleman
Equity Real Estate - Luxury Group
Park City, UT
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