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Tips for Home Buyers in a Seller's Market

sMatyja posted this 450 Views

Today's real estate market has become quite busy and the talk across the nation is how we quickly have moved from a Buyer's Market to more of a Seller's Market. Prices had begun to move back up, but are still down from where we were a few years ago. But the problem is the inventory has become low, and when a good property does come up for sale, there are usually a few buyers going after it. To win a good property in a busy market, it takes a different approach in writing your offer from what...

After the Bottom of the Real Estate Market, Why Still Buy?

sMatyja posted this 448 Views

I think by now we all agree that we have sucessfully passed the bottom of the real estate market. For almost all markets across the country the numbers from the local statisticians and real estate boards show this. What's interesting is that we all kept saying that we cannot see the bottom until we have passed it, until we can accurately measure when the bottom occurred. As the real estate market was in freefall, we saw so many buyers running around, very excited and very stressed, trying to...

Park City Utah Real Estate - Market Update Mid-Year 2013

sMatyja posted this 3 674 Views

Looking at the entire Park City Utah MLS for all data we see some encouraging numbers, which is great news. Our market appears to be in a healthy real estate recovery. Total unit sales (Homes, Condos, Land) for the entire Park City market were up from 1,615 to 1,925, up by 19%. The median selling price was up by 9%. In the last 12 months the median price was at $415,000 and had been at $380,000 for the year prior. Vacant Land sales were up by 38% with almost no median price change. Home ...

Don't Focus on Winning the Listing, Win the Seller.

sMatyja posted this 2 487 Views

I have been a Realtor for about 8 years now, and what brought me into real estate was my background in marketing and design. Prior to working as a real estate agent, I developed advertising, branding and marketing for many top Realtors and brokerages. During those years I was able to take in and learn the main concepts that made many of these top producing agents successful. One reoccurring theme I saw often, was how these agents worked with sellers. I saw two main differences. There were...

Navigating Multiple Offers When You are on Both Sides

sMatyja posted this 477 Views

The real estate market is heating up and buyers are scrambling to find good deals. With an abundance of buyers, and a shortage of inventory, we are once again seeing many multiple offer situations. As listing agents, we often specialize in certain areas or neighborhoods within our overall marketplace. That means we often have potential buyer clients we are working with in those areas. So what happens when we get a listing on a good property, but we also have buyers who might be the right fit...

What is an Appropriate Amount for Earnest Money?

sMatyja posted this 1 5,117 Views

We all know that Earnest Money is the initial deposit that a buyer puts up when making an offer on a property for sale. Because there really is no "standard" amount to go by, I was wondering what other Realtors find to be an appropriate amount. Or more so, I was curious to see what other areas of the country commonly see. In Park City, Utah, we typically see anything from about 1-2% of the purchase price, and on some big cash deals maybe even a larger amount. What brings up this topic is ...

Park City Real Estate Market Update for 2013 Quarter One

sMatyja posted this 1 551 Views

Quarter One of 2013 is the best we've seen in years! The Park City Board of Realtors recently released their quarterly real estate market statistics report. The report shows that Quarter One of 2013 has been the best quarter we have seen for many years, since 2007. The number of sales was up by 17% compared to the first quarter of 2012, and the overall dollar volume was up by 28% - thats a huge increase! Our little Park City and Deer Valley real estate market saw 395 closed sales. ...

If We Passed the Bottom of the Real Estate Market, Why Buy Now?

sMatyja posted this 662 Views

We have been getting that question quite often recently. Here is a look at the concept of passing the bottom of the real estate market and looking ahead to what is next. Hopefully this is helpful info for you and your real estate market, and maybe you can use some of this info and apply it to what you are seeing in your area, and with your clientele. Feel free to use this info and our attached illustration. Have We Passed the Bottom of the Real Estate Market? There now is a lot of evid...

Park City Real Estate Update - Old Town's Biggest Sale

sMatyja posted this 1 1,181 Views

PRESS RELEASE - February 18, 2013 - Park City, Utah Old Town, one of the most popular neighborhoods in the western ski resort community of Park City Utah, just had it's biggest sale for any residential single family home to date. Local Realtors Heather Peterson and Sean Matyja recently sold the famed "Tunnel Home" located at 503 Woodside Drive. The home was listed for sale with colleagues in their brokerage at Summit Sotheby's International Realty. The home was listed at $8,640,000 for ap...

Park City Homes for Sale at The Colony at White Pine Canyon

sMatyja posted this 1,218 Views

There is nothing quite like The Colony at White Pine Canyon. It is a private, gated community located in Park City, with the largest ski-in/ski-out homesites available. Widely acknowledged for setting the new standard in on-mountain living, this 4600-acre "ski-ranch" offers private ski retreats like no other. The Colony is minutes from the world-class resort town of Park City and only 30 minutes from Salt Lake International Airport. Home for Sale in The Colony: $26,200,0009 Bedrooms -...