Utah Real Estate #15: Did You Know? – Part 2

Posted by Patrick Wiscombe on June 29, 2012 under Utah Real Estate Podcast | Comments are off for this article

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In this edition of the Utah Real Estate Podcast, we talked about:

• Did you know it will take you longer, as an owner, to sell your home?
• Did you know you’ll incur more expenses if you sell your house on your own?
• Did you know there is a ‘cost of waiting’?
• Did you know you’ll pay more for legal fees than with a real estate agent?
• Did you know you should be a lazy buyer and seller?

Press the ‘PLAY’ button to listen to Utah Real Estate #15: Did You Know? Part 2

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YOUR CALL TO ACTION
If you’re looking to buy or sell a house in Utah, please call or text me (Patrick Wiscombe) at (801) 874-7717.
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Cool Voice Guy:  Information you need, the podcasts you love, this is the patrickwiscombe.com podcast network.

Cool Voice Guy:  It’s real estate news you can use, this is the Utah Real Estate podcast, giving you free expert advice, and tips if you’re looking to buy or sell a house, and now, here are your hosts, Rodger Zundell and Patrick Wiscombe

Patrick Wiscombe: The Utah Real Estate Podcast is brought to you by Weichert Realtors at the Rockies.  If you are looking to buy or sell a house in Utah, please call Patrick Wiscombe at area code 801-602-5850.  That number again area code 801-602-5850.

Patrick Wiscombe:  It’s the Utah Real Estate podcast.  My name is Patrick Wiscombe, coming up on today’s edition of the Utah Real Estate podcast; it’s time to bring out the big deep voice guy.  Part 2 of DID YOU KNOW?  We’re going to throw out some interesting facts and figures for part 2 of did you know and joining me for the podcast, that’s him chuckling in the background, Greg Hales, the commercial real estate manager at Weichert Realtors at the Rockies in American Fork, Utah, good morning sir.

Greg Hales:  Good Morning Patrick, I appreciate the volume going up on your introduction because as we all well know the level of importance of any message is equal to the volume of one’s voice isn’t it?

Patrick Wiscombe:  Yes it is Greg!

Greg Hales:  At least our kids think that.

Patrick Wiscombe:  Well today is no different so if a louder voice or more animation is what is required, consider yourself notified as we start this episode of DID YOU KNOW?

Greg Hales:  Very good, very good.

Patrick Wiscombe:  My room needs to be sound proofed a little for that.  As I raised my voice in here, I got a little bit of an echoy feedback on that one. That was kind of weird.

Greg Hales:  Yeah.

Patrick Wiscombe:  Alright, did you know, DID YOU KNOW?, it usually takes owners longer to get a sale on their house, now, why is that?

Greg Hales:  Well first and foremost as a realtor, we are going to broadcast it out to thousands of agents who are doing the very same thing we are.  They’re looking for buyers and sellers for their home or other homes that will fit their clients’ needs.  You as an individual will then put it on maybe KSL or Craigslist and you’re going to have people, I don’t want to call them bottom feeders, but they are looking for a deal that’s the reason they’re going to your home as a for sale by owner.  There are very few and far between who are really qualified purchasers of your home; Now, I’m working with guys in the profession who that’s all they do, is buy and sell homes and your home is one of those we’re considering to buy or sell.

Patrick Wiscombe:  Talk about some of the costs that are involved.  I’m assuming that there are extra taxes if you’re trying to sell your house on your own; utilities, etc. etc. Why would there be additional expenses if you’re trying to sell it on your own.

Greg Hales:  Well again, let’s say the average realtor sells your home in ninety days, an average for a for sale by owner might be six months, well you’re going to add an additional three months of property taxes, insurance, utilities and interest as you will understand when you go to a closing.  On your closing statement, it’ll divide out those costs in order f