By Karen Wright
Living through 2021 has felt like a roller coaster ride. Inflation, rising gas prices, and a pandemic has put the “a” in anxiousness. This has been especially true for my clients in the real estate world.
Realtor.com recently named the Salt Lake City region as the expected No. 1 housing market in the nation for 2022. They anticipate prices to grow 8.5% and sales to grow 15.2%. This would place Salt Lake City and much of the state ahead of other growing areas.
Unless you are able to move out of state to a market that is less aggressive, buying and selling a home in this market offers its own set of obstacles for Utah residents. The State of State Reports declared, “Utah’s growth is far outpacing the supply.”
What to do if you will be in the market to buy a home in 2022:
Be ready when your dream home becomes available. Buyers should already be working with a preferred lender, so they are pre-qualified and ready to move when the time is right. Many sellers like a personal letter and picture from the buyer. Extra cash needs to be available since homes are going for over asking price. Forgoing a home inspection and appraisal contingencies is becoming more common in the buyer market as well. Talk to your agent on the pros and cons of this approach.
Are you a homeowner who does not want to sell in this market, but you do want to freshen-up your existing home?
Consider color! Accent walls prove to be a hit in 2022 so far. Green and blue tones are the main color trends, with bright pops of colors. Look at your living space and bring those muted natural colors from the outside inside. Some favorites are leafy greens, bark browns, ocean and sky blues, sandy beiges, and soft whites. As a homeowner, it’s important to feel your home is a safe haven. New, fresh paint and simplifying your home is an easy and quick way to step into spring, feeling organized and clutter free.
For more help with your real estate needs, contact a trusted agent, Karen Wright, today! 801-695-2378
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