Understanding the neighborhood where you’ll buy or sell a property is critical. There’s a well-known phrase in the real estate industry: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, taking a closer look at the community will help you understand the market and investment potential more clearly.
Whether you’re moving on a deadline or you just want to speed up the sales process so you can move on faster, we can help. We offer:
Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take up to 45 days to close. At Brick, we’ll make a fair, cash offer within days.
No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.
No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We can even buy properties site unseen. We also buy properties in any condition.
Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.
The real estate market in Cedar City is somewhat competitive relative to other housing markets. The average sales price for a home in Cedar City is $549,000. Homes are averaging about 14 days on the market and are selling for 1% above the asking price. More popular homes can sell in as little as six days and for 3% above the asking price.
Housing prices have increased in Cedar City significantly in the last five years. At this same time, in 2016, the average home sold for $175,000. Home sales have dropped considerably in 2021, compared to last year.
Cedar City is in the southern portion of the state, which has more temperate temperatures. This makes buying and selling homes in the winter much easier. However, the trends here align with other areas of the state. You’ll see more competition in the summer months when families are less likely to disrupt school schedules. Fewer listings in the winter mean less competition for your property.
Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be a necessity. Whether you’ve decided to start a new life across the country on a tight deadline or you’re just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:
Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare yourself for the sales process can make a world of difference when it comes time to part with your house. Here are a few things to consider:
Why are you selling?
Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with the sales process, including setting expectations for a sales price. It can also help you emotionally process the transaction so that you’re able to let go of your property.
Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:
If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.
What are your selling needs?
Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?
Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable, or able, to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be a better option.
Prepare for signing and closing
One of the most anticipated parts of selling a house is signing and closing. This final step makes everything official. The process can be a little different depending on if you sell your home through the traditional market or with an ibuyer.
If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could entirely fall through if a buyer isn’t approved for financing or if the lender refuses to fund the loan because the property appraises for less than the offered amount.
During closing, you’ll meet with the lender and the buyers and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed, and the title is transferred into the seller’s name, the home is no longer yours.
When you work with an ibuyer, the closing process is a little different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in a matter of days instead of weeks.
Located in the southern part of the state, Cedar City is about an hour north of St. George and 3 hours south of Salt Lake City. This city is surrounded by a stunning natural backdrop and features some unique entertainment options. Some popular points of interest in and around Cedar City include:
Cedar City is also home to Southern Utah University. The University is a bit smaller. They graduate around 1800 students each year and offer more than 140 undergraduate degrees and 19 graduate programs.
This city favors the outdoor enthusiast. With easy access to skiing, hiking, and national parks, there’s plenty to explore all year round. The historic district is a great place to take in some good food and shopping before unwinding.
Home to Utah’s Tony Award-winning Shakespeare Festival, Cedar City attracts thousands of visitors each summer. Guests can enjoy a variety of live plays in the Engelstad outdoor theater. The festival typically runs between June and October each year.
Iron County is in southern Utah and has a population of nearly 55,000 people. Cedar City is the largest community in the county. Iron County borders Nevada on the west, Beaver County on the north, and Washington County to the south.
Rich County is a small county located in northern Utah. Much of the eastern portion of the county comprises the Bear River Valley, which the Bear River Range takes up another large chunk.
There are many moving parts when you’re buying and selling real estate. In addition to understanding how local property values affect home values, it’s also
We buy homes at the speed of life. Request your offer today and lets build a solution that works for you.
Combining financial decisions while going through the grieving process can be highly stressful.
A financial hardship letter is a document you submit to your lender outlining your financial difficulties. Communicating with your lender is one of the most important things you can do once you determine you’ll be more than a few days late or unable to make your payment.
While 2.5% may not sound like a lot, if the buyer asks you to cover their portion of the agent fees, you could be out 5% of the sale price. If you sell your home for $450,000, that’s a $22,500 fee.
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