Recently I was preparing for a home buyers seminar that I do several of each month in Utah, Salt Lake, and Weber counties.  I have been helping a lot of people get excellent deals on short sales in these areas, and was curious to know the percentage of homes out there that are being sold short.

I was surprised to find out that only about 28% of the homes listed for sale were short sales.  Now, don't get me wrong.  This is a big percentage.  The reason I was troubled is that when I take clients out it seems that approximatly 80% of the homes we look at are short sales. 

I did one more check, and was astounded at the results.  I learned that of all the sales in our marketplace over 72% of them are on homes that were listed as shorts!  Only 28% of all listings are shorts, and yet 72% of all homes sold are short sales. 

This tells me that individuals working to sell their own homes, who are not talking to their bank to get a lower allowable price, are simply too high priced to effectivly sell in this market, most of the time.

If you are a buyer (or seller for that matter) you need to be working with an agent who understands short sales.  I will be posting a series of articles explaining some of the important issues your agent should be prepared for when helping you buy a home in Utah.

If you currently do not have an agent, or are working with an agent who is not all that you need...  Call me ASAP.  801-805-4900, or email info@effectiveagent.com