February 21st, 2025
Get Your Home Market-Ready: Why Now Is the Time to Prep for Spring
Spring is the busiest season in the housing market. With more buyers actively searching for homes, it’s the perfect time to list your property and maximize your return. If you’ve been thinking about selling, now is the time to start preparing so you can take full advantage of the heightened demand.

Why Spring Is Prime Selling Season
Spring brings more sunlight, warmer weather, and a fresh start—factors that make buyers more eager to find their dream home. Homes tend to sell faster and for top dollar during this time of year, making it an ideal moment to list. But to stand out in a competitive market, you need to make sure your home is in top shape.

The Right Repairs Matter More Than Ever
With more homes on the market than in previous years, buyers are becoming increasingly selective. To attract strong offers, it’s important to invest in strategic repairs and updates that will make your home shine. Many homeowners are already taking action—according to the 2025 Outlook for Home Remodeling, the most common upgrades include replacing water heaters, HVAC units, and flooring. Energy efficiency improvements are also a major focus.

What to Prioritize as You Prep
Not all updates are created equal. Instead of tackling every possible project, focus on quick, high-impact improvements that will make a strong impression on buyers. These may include:
  • Fresh paint for a clean, updated look
  • Minor kitchen and bathroom upgrades to modernize key spaces
  • Fixing any visible maintenance issues, like leaky faucets or cracked tiles
  • Enhancing curb appeal with landscaping and exterior touch-ups
For bigger-ticket repairs—such as replacing an old roof or outdated flooring—it’s best to prioritize those with the highest return on investment (ROI). Working with a local Realtor® can help you determine which improvements will yield the best results in your market.

Why You Should Connect with an Agent Now
Getting ahead of your to-do list will help ensure your home is market-ready when buyers are most active. By partnering with a knowledgeable Realtor®, you can gain expert insights into which updates matter most, find reliable contractors, and create a strategy that maximizes your home’s appeal. As Bankrate notes:
“As a seller, it’s smart to be prepared and control whatever factors you’re able to. Things like hiring a great real estate agent and maximizing your home’s online appeal can translate into a smoother sale — and more money in the bank.”

Bottom Line
If you’re planning to sell this spring, start preparing now. Prioritizing the right updates and working with an experienced Realtor® can help ensure your home stands out in a competitive market. Send an Realtor® your to-do list today and get expert guidance on how to make the most of your sale.
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February 7th, 2025
Mortgage Rates & Affordability

On a recent podcast, Jessica Lautz, Deputy Chief Economist at the National Association of REALTORS®, shared insights from NAR’s 2025 forecast and her expectations for the housing market in the coming year. Here are some key takeaways from the discussion…

Mortgage Rates & Affordability
  • Mortgage rates are expected to hold steady around 6% in 2025, bringing more stability compared to the unpredictable swings of 2024.
  • Home prices continue to outpace income growth, keeping affordability a challenge.
  • While first-time homebuyer household income has risen by $26,000 in recent years, many still struggle to afford a home.
Housing Sale Trends
  • Home sales are projected to rise by 7-12% in 2025 and 10-15% in 2026 as market conditions improve.
  • New home sales are expected to grow 11% in 2025 and 8% in 2026 with increased inventory.
  • Demand remains strong, but housing supply still falls short of meeting buyer needs.
Migration & Buyer Trends
  • Buyers are moving back to city centers after the pandemic-driven shift to small towns.
  • Retirees are a growing force in the market, with the median age for repeat buyers now at 61.
  • More people are choosing to move closer to family and friends, shifting away from job-related relocations.
Rental Market & Homeownership Benefits
  • Increased multifamily construction has slightly stabilized rent prices.
  • Homeownership remains a key wealth-building tool, with homeowners boasting a median net worth of $400,000, compared to $10,000 for renters.
Impact of Cash Buyers
  • Nearly one-third of all home purchases are cash, making competition even tougher for first-time buyers.
  • First-time buyers now represent less than 25% of the market, a sharp drop from nearly 50% historically.
  • Cash buyers, often relocating from higher-cost areas, are outbidding mortgage-dependent buyers in lower-cost regions.
Source: HousingWire Podcast featuring Jessica Lautz on NAR’s 2025 Housing Market Forecast
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January 31st, 2025
Understanding the MLS: How It Helps Buyers and Sellers
When buying or selling a home, your Realtor® may use a Multiple Listing Service (MLS) to market your property or find available homes for sale. But what exactly is an MLS, and how does it benefit you?

What Is an MLS?
A Multiple Listing Service (MLS) is an online platform that compiles home listings from brokerages within a given market. It allows real estate professionals to efficiently access property listings, analyze market trends, and share homes for sale on national and local websites. Each MLS has its own rules to ensure listing data is accurate, complete, and transparent.

SouthernUtahRealEstate.com: Your Public MLS Resource
For buyers and sellers in Southern Utah, SouthernUtahRealEstate.com is the go-to source for listings. Owned by the Washington County Board of Realtors®, it serves as a public MLS site that feeds directly from both the Washington County MLS and the Iron County MLS. This means homebuyers and sellers can access the most complete, most accurate, and most up-to-date, listing data straight from the source—without the delays or inconsistencies found on third-party real estate websites.

How an MLS Benefits Buyers and Sellers
For Buyers:
  • Access to the most accurate and up-to-date listings in the market. 
  • Your Realtor® can search for properties that match your criteria, ensuring you don’t miss out on potential dream homes.
  • Insight into comparable home prices and market trends to help you make informed decisions.
For Sellers:
  • Your home is marketed to the largest possible pool of qualified buyers and their agents.
  • Verified data ensures accuracy in listing price, square footage, features, and disclosures.
  • Increased visibility can lead to better offers and a faster sale.

Common Questions About MLS Listings
Am I Required to List My Home on an MLS?

No, listing your home on an MLS is optional. While MLS exposure can maximize your home's visibility, you can discuss alternative marketing strategies with your Realtor®. If you choose not to use an MLS, you may be required to sign a document confirming your decision.

Can I Offer Compensation to a Buyer’s Agent on an MLS?
As of August 17, 2024, offers of compensation to a buyer’s agent are no longer permitted on MLS listings. However, compensation agreements can still be arranged off-MLS.

Can I Offer Buyer Concessions on an MLS?
Sellers may offer concessions, such as covering certain closing costs, to attract more buyers. Whether concessions can be advertised on an MLS depends on local MLS rules.

How Do I Access MLS Information?
Many MLSs share data with consumer websites, but working with a Realtor®  will get you the most accurate, up-to-date, and in depth listing information. If you're looking for reliable property listings in Southern Utah, SouthernUtahRealEstate.com is your best public resource. Because it pulls directly from the Washington County MLS and Iron County MLS, it provides the most trustworthy and timely home listings available.

Work with a Trusted Professional
A Realtor® with MLS access can help you navigate the market, whether you're buying or selling. Remember, Realtors® adhere to a strict Code of Ethics, prioritizing your best interests throughout the transaction. If you're ready to start your home search or list your property, visit SouthernUtahRealEstate.com to connect with a local expert and explore available homes. 
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January 24th, 2025
The 35th Annual St. George Area Parade of Homes is Almost Here!
Mark your calendars—February 14th through 23rd, 2025, is your chance to experience one of Southern Utah’s most highly anticipated events: the 35th Annual St. George Area Parade of Homes, proudly presented by SUHBA and Zions Bank. This year’s event promises to be bigger and better than ever, featuring 31 extraordinary homes that showcase stunning architectural innovation, masterful design, and jaw-dropping luxury.

Whether you're seeking inspiration for your dream home or simply indulging in the art of window-shopping, the Parade of Homes is your ticket to explore the latest trends and innovations in homebuilding and design.

A Parade of Dreams: Highlights for 2025
This year’s homes span St. George, Washington, Hurricane, and Rockville, offering something for everyone—from charming townhomes to sprawling estates. Here’s a sneak peek at the “wow” moments waiting for you:
  • A 20,000-square-foot masterpiece featuring a serene front pool, a lazy river, a golf simulator, a tennis court, and a lap pool with hot tub and cold plunge.
  • Exclusive lakeside developments with private boathouses, offering panoramic views of lakes, mountains, and desert beauty.
  • A vineyard-adjacent retreat blending Old-World charm with modern elegance, set against the stunning backdrops of Zion National Park.
  • A French Country Manor with a professional pickleball court, golf simulator, and home gym, designed for both relaxation and recreation.
  • Homes with amenities like indoor basketball courts, double basements, luxurious wet rooms, and man caves—perfect for entertainment and relaxation.
The Parade’s largest home spans an impressive 19,519 square feet, while the smallest home offers an elegant 2,033 square feet. Prices range from $549,000 to $12 million, proving there’s something for every taste and budget. You can preview the homes now HERE

Bonus Home: Supporting Future Builders
As part of SUHBA’s Careers in Construction program, the Parade will once again feature a “Bonus Home” built by Washington County School District students in partnership with local subcontractors. This initiative not only highlights the incredible talents of local students but also addresses labor shortages in the construction industry by inspiring the next generation of builders.

Tickets and Virtual Tours
Tickets are available now at www.ParadeHomes.com. For $25, you’ll enjoy in-person access for 10 days and virtual tours sponsored by Minky Couture, available from February 18th through May 2025. Can’t make it in person? Experience immersive, 360-degree tours from the comfort of your home.

Physical tickets can be purchased starting February 13th at 5:00 p.m. at: 
  • Red Cliffs Mall (center court), St. George
  • Lin’s Market (Sunset Blvd & Mall Dr. locations), St. George
  • Lin’s Market, Hurricane
  • Lin’s Market, Cedar City
Don’t Miss the Parade of Homes App!
The Parade of Homes App is now available for download! This app enhances your Parade experience by providing detailed information about each home and builder, along with maps and directions for the Parade route. It also includes a fun feature called the "Idea Book," allowing you to take pictures and notes of your favorite designs and inspirations as you tour each home. Later, you can easily organize and review all your ideas in one convenient place.

Economic and Community Impact
Since its inception in 1991, the Parade of Homes has built 898 homes and attracted over 947,690 visitors. With an economic impact exceeding $1.4 billion, the event supports local jobs, businesses, and community projects. Highlights include:
  • $40,000 in scholarships awarded to 52 students last year, prioritizing those in construction-related fields.
  • Over $44,700 raised for the Southern Utah Home Builders Care Foundation.
  • $35,700 donated to the Housing Affordability Fund to address housing challenges.
  • A $50,000 commitment to Dixie Technical College for industry programs that address labor shortages.
Why Now is the Perfect Time to Build or Buy
Washington County remains one of the most desirable places to live, thanks to its breathtaking scenery, mild climate, and exceptional quality of life. New homes are a smart investment, offering modern energy and water efficiency to reduce monthly costs.

In 2023, Washington County saw a 4.5% increase in housing while reducing overall water consumption by 5%. These trends highlight the community’s dedication to sustainable growth.

Don’t Miss Out!
The St. George Area Parade of Homes is a celebration of creativity, innovation, and community. Whether you’re a potential homebuyer, a design enthusiast, or simply love exploring beautiful spaces, this event is an unforgettable experience.

Grab your tickets, download the Parade of Homes App, and get ready to be inspired—because Home Sweet...WOW is just around the corner!
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January 10th, 2025
Iron County Realtors® Pitch in to Help 200 Local Families with Food Donations
Approximately 200 families of students in the Iron County School District received boxes of food donations last month, just in time for the holidays.

This annual initiative was led by members of the Iron County Board of Realtors® and their affiliates, who worked together to make a meaningful difference in the community.

Volunteers began the effort at Smith’s grocery store in Cedar City, loading perishable items such as turkeys, hams, and bread onto trucks. The group then gathered at the Iron County Board of Realtors® office to sort, package, and prepare the donations for delivery to local schools on the second-to-last day before the holiday break.

School officials discreetly notified parents about how and where to pick up the boxes, each containing approximately $75–$100 worth of food.

Mary Ann Sharp, CEO of the Iron County Board of Realtors®, highlighted the success of the drive, which marked its third consecutive year. The campaign officially kicked off in November with a lighthearted fundraiser where donations determined which board directors received a pie in the face.

“After raising the money, we partnered with Smith’s to order the food,” Sharp explained. “Smith’s not only sold us the food at cost but also generously included packages of sliced ham in every box. Their support has been incredible year after year.”

Sharp extended her gratitude to Smith’s managers—Vickie, Stephanie, and Jeff—for their generosity, and to Tracy Womack, the Iron County School District’s homeless liaison, along with other district officials who helped identify families most in need. The district’s food pantry also contributed significantly to the effort.
“So many volunteers donated their time to make this happen,” Sharp added, expressing appreciation for the collective effort.
  

This annual food drive is a testament to the power of collaboration and community support. The Iron County Board of Realtors® and their affiliates continue to demonstrate how coming together can bring relief and joy to local families, especially during the holiday season. As Iron County Board of Realtors® past president
 Mari Eddy aptly stated, “Realtors® are among the most involved and generous members of our community, always ready to lend a helping hand.”

Check out the full article HERE on St. George News!
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January 6th, 2025
Transform Your Living Spaces in 2025
With the start of the New Year, it’s common to reflect on ways to improve our lives as we move into 2025. While personal growth and fitness frequently top the charts, a transformation of living spaces has the potential to enhance both your daily comfort and the value of your home. While breathing new life into old spaces and creating an environment that best fits current needs, home renovations also offer potential financial returns. Before you take hammer to wall, take a moment to identify which projects are worth your investment.

Before starting, decide what your priorities are for the renovation. These can include but are not limited to increased functionality, improved efficiency and lower energy costs, enhanced aesthetic or curb appeal, and even improved market competition. Once priorities have been identified, assess immediate needs for the space to be renovated. Perhaps a kitchen layout is too cramped, or maybe a bathroom has needed an update for years. With specific goals in mind, it’s time to start planning.

Establishing a budget for your renovation is essential, and it’s important to anticipate unexpected expenses along the way and to allocate additional funds for those surprises. With a budget in place, take time to research current value-adding trends that align with the vision you have for your space. This is where you can really prioritize renovations that will enhance both functionality and aesthetics, as well as provide an excellent return on investment.

It's important to remember that every home and market is unique, so take various factors into consideration when making renovation decisions. This is where the expertise of an experienced REALTOR® can get you ahead of the game. They have in-depth knowledge on market trends, and they are keyed in on important details associated with location and even insurance optimization.

To help you get started, the following is a list of top renovations to consider:
  • Kitchen remodel: Often the heart of the home, the kitchen is a major selling point, and a midrange kitchen remodel offers an excellent return on investment. Consider upgrading appliances, cabinets, and countertops. Even minor changes like a new backsplash and updated hardware can go a long way.
  • Bathroom Updates: Bathrooms are areas associated with optimal comfort and functionality. Update tile, improve lighting, and modernize fixtures to enhance this intimate space.
  • Curb Appeal: First impressions matter when valuing a home so take time to address your landscaping. Also consider a fresh coat of paint or replacing old or damaged siding. A new front door and updating exterior lighting are simple changes that can have a huge impact.
  • Floor Plans: An open floor plan is not a thing of the past. Enhance appeal for potential buyers and increase livability by removing select non-load-bearing walls.
  • Energy Efficiency: Upgrades that increase energy efficiency are still at the top of the list for most home buyers. In an older home, address windows and old appliances. Look for ways to improve insulation and reduce utility costs.
 Regardless of where you decide to renovate, some common tips for a successful project include hiring out a professional, when necessary, ensuring your renovations are consistent with and complement the architectural style of your home, and renovating with an eye on the future—consider lifestyle changes, growth, and potential resale value. By investing in the right projects, careful planning, and consistent focus on your goals, this new year is sure to be a good one for your journey of homeownership.
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December 13th, 2024
The Gift of Home: Realtors® Supporting Housing Opportunities for All
Last week, the Washington County Board of Realtors® proudly presented four local organizations with checks for $12,000 each. This generous contribution was made possible through the collaborative efforts of the Board’s Community Relations Committee and a grant from the Housing Opportunity Fund (UARHOF). Since its establishment in 1998, UARHOF has distributed over $500,000 to address housing needs across Utah, underscoring its commitment to creating housing solutions.

The grant funds were awarded to organizations whose missions align with promoting housing for everyone: The DOVE Center, Habitat for Humanity of Southwest Utah, Youth Futures, and Sun Country Home Solutions. Each of these groups provides critical services that strengthen our community and ensure housing opportunities for all.

As a Realtor® organization, we understand that housing is the cornerstone of a thriving community. That’s why we remain dedicated to supporting affordable, accessible, and sustainable housing initiatives in Washington County. Each of these remarkable organizations plays a unique and vital role in addressing housing needs and supporting our community. Their ongoing efforts rely not only on grants like these but also on the continued support and involvement of our community. Here’s a closer look at the impactful work they do and how you can help sustain their missions:

The DOVE Center
The DOVE Center provides safe shelter and trauma-informed care for survivors of domestic abuse and sexual violence. Their programs foster healing, empower youth, and educate communities to break cycles of violence.

In 2024, the DOVE Center served 233 survivors of RSA, answered 3,215 hotline calls, and provided services to 1,370 survivors. 276 individuals, 170 adults and 106 children, were given access to shelter and transitional housing, totaling over 10,023 nights of safe accommodation. Their youth empowerment programs reached 1,907 students through 294 classes at 12 schools. This critical work was supported by 46 dedicated volunteers who contributed more than 3,739 hours of their time.

With expenses exceeding $2.5 million, community support is crucial. Currently their most pressing needs are winter clothing, toys, and financial contributions. To learn more about how to support the DOVE Center or see some more of their specific needs, visit dovecenter.org/items-we-need.


Habitat for Humanity of Southwest Utah:

Habitat for Humanity is a global nonprofit committed to providing safe, affordable housing. Since 1998, its Southwest Utah chapter has supported over 24 families in Washington County by building, renovating, and repairing homes. Homeowners actively participate in the process, paying affordable mortgages that foster stability and independence.

To learn more about how you can contribute, contact Director@habitatswu.org or visit habitatswu.org/donation to explore donation opportunities and find out how you can get involved.

Youth Futures:
Youth Futures offers safe shelter, resources, and guidance to homeless and at-risk youth aged 12-17. Their programs help youth reunite with their families and/or gain the skills needed for independence.

Over the past decade, they’ve supported 6,000 youth yielding an 80% resiliency rate. With annual costs exceeding $1 million, financial and in-kind donations are essential to keep their operations running. A list of needs can be found here.

By contributing to Youth Futures, you can help ensure vulnerable youth in our community have the resources, guidance, and support they need to succeed. Visit their website to learn more or to make a donation: youthfuturesutah.org.

Sun County Home Solutions:
Sun County Home Solutions empowers families to achieve and maintain homeownership through education, resources, and strategic partnerships. They improve housing quality, create affordable options, and strengthen communities.

In a single year, they counseled over 1,300 families, with 90% remaining in their homes. Additionally, they developed 152 affordable housing units, adding 195 more through community support.

Their work relies on donations and local partnerships. Visit their website at Sun County Home Solutions so we can continue to build stronger communities and provide pathways to homeownership.

A Collective Commitment to Community
Realtors® are deeply invested in the health and vitality of their communities, championing efforts to ensure housing opportunities for all. By supporting programs like The DOVE Center, Habitat for Humanity,Youth Futures, and Sun Country Home Solutions, they take meaningful action toward this goal. But these efforts require collective support—because it truly takes a community to create lasting change.

This holiday season, we invite you to join us in backing these vital organizations. Whether through a financial contribution, in-kind donation, or simply offering your time, your support helps keep these programs running and makes a profound impact on the lives of those in need. Together, we can strengthen our neighborhoods, uplift our neighbors, and build a brighter future for all.

Article published on St. George News, click HERE to view
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November 22nd, 2024
10 Questions to Ask a Buyer's Agent…
Choosing the right Realtor® is one of the most important decisions you’ll make when buying a home. With so many agents out there, it’s essential to find someone who understands your needs, knows the local market, and can guide you through the complexities of the home-buying process. Asking the right questions ensures you find an agent who is the right fit for you. In this article, we’ll cover 10 key questions to ask potential Realtors® from NAR’s consumer guide to help you make an informed choice and ensure a smooth, successful transaction.

1. Are you a REALTOR®? Did you know a real estate agent and a Realtor® are not one in the same? Both real estate agents and Realtors® must be licensed to help people buy, sell, and rent real estate. They must complete pre-licensing courses, pass exams, and maintain their license through continuing education, but a Realtor® is a real estate agent who is also a member of the National Association of REALTORS® (NAR): Working with a Realtor® means you're partnering with a professional committed to ethical practices under the REALTOR® Code of Ethics, ensuring your interests are protected.

2. What types of services can you provide me? A Realtor® can assist with tasks like finding homes, attending showings, conducting market analysis, negotiating, and explaining legal documents, but their role goes far beyond what's outlined in their job description. Many Realtors® also serve as counselors, mediators, researchers, and even cleaners or photographers when needed. In short, you want a Realtor® on your side for their expertise, dedication, and the many hats they wear throughout the process. For more information about why you should work with a Realtor®, read about the 179 Ways Agents Who Are REALTORS® Are Worth Every Penny.

3. How well do you know the markets where I am searching for a home? Your Realtor® must be licensed in the state where you’re buying a home, but local market expertise is just as important. Many states, like Utah, have vastly different climates and conditions depending on the region. For instance, Southern Utah offers a warm, desert-like climate with minimal snow, while Northern Utah experiences colder winters with heavy snowfall and milder summers. These differences can significantly impact your home search. Having a local expert who understands the unique aspects of your area ensures you make informed decisions and avoid costly mistakes.

4. Do you have experience working with buyers in my situation? Some Realtors® specialize in serving specific groups of buyers, such as first-time homebuyers, veterans, or those with unique needs. For example, first-time buyers often require extra guidance to navigate the complexities of the home-buying process, including understanding financing options, legal documents, and property inspections. Veterans may benefit from working with Realtors® who understand VA loan requirements and the nuances of military relocation. Additionally, some Realtors® have certifications or designations that demonstrate their advanced training and commitment to representing buyers effectively. These specialized credentials indicate that the agent has developed skills and expertise tailored to meet the unique challenges and goals of specific buyer groups, ensuring a smoother and more personalized experience.

5. Can you tell me about your approach to scouting properties? Realtors® and brokerages employ a variety of business models, technologies, tools, and resources to streamline the home search process. When choosing an agent, ask about their specific approach and how it aligns with your needs to help you find the perfect home.

6. What will be included in our written buyer agreement? Before touring homes with your Realtor®, you may be required to sign a written buyer agreement. This document outlines the services your agent will provide and their compensation. These agreements are fully negotiable, so it’s important that your agent thoroughly explains the terms to ensure you understand what’s included and are aligned on expectations. Being informed upfront helps establish a smooth and transparent working relationship.

7. How long will we work together? Clarify your working timeline with the Realtor® and ensure it aligns with your expectations. This term is often set out in your written buyer agreement.

8. What are my options for paying you? Compensation is entirely negotiable and can be structured in various ways, such as a flat fee, a percentage of the purchase price, or an hourly rate. The specific terms will be outlined in your written buyer agreement. In some cases, you can request that the seller cover your broker’s compensation as part of your purchase offer. Alternatively, if the seller offers concessions, those funds may be used to pay your broker for their valuable services. Always discuss compensation options with your agent to find a solution that works best for you.

9. Can you recommend service providers who can help me obtain a mortgage, make home repairs, or support other closing tasks? Realtors® often have established relationships with mortgage lenders, contractors, and other professionals to help streamline your home-buying process. When interviewing potential agents, ask about their network and determine if their recommendations align with your needs. Keep in mind that while your agent may have preferred partners, you always have the flexibility to choose the professionals who are the best fit for you.

10. Do you have references I can speak with? Still on the fence? Many Realtors® are happy to connect you with past clients who can share their experiences.

Realtors® truly come in all different forms, each with unique strengths and specialties. By asking the right questions you can ensure a successful home-buying experience. These questions help you assess an agent’s expertise, approach, and suitability for your specific needs. From understanding their market knowledge and specialized experience to clarifying their services, compensation, and professional network, these conversations ensure you’re fully informed and confident in your decision. A well-chosen Realtor® not only simplifies the process but also helps you avoid costly mistakes, making your journey to finding the perfect home as smooth and efficient as possible.

Practices may vary based on state and local law. Consult your real estate professional and / or consult an attorney for details about state law where you are purchasing a home. Please visit facts.realtor for more information and resources.
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November 15th, 2024
The Evolving Real Estate Landscape: Positive Changes and Outcomes
In recent months, the real estate market has undergone several transformations that create an array of positive outcomes for both buyers and sellers. With changes throughout the industry, some buyers and sellers have been left speculating what this means for them. Consumers can rest assured that REALTORS® carry the ethical duty to put the interest of clients before their own, and the recent settlement with the National Association of Realtors® (NAR) further enhances transparency in real estate transactions and ensures that consumers are informed of the buying and selling process, solidifying the effort to make client interests the top priority.

A widely beneficial change includes clearer information for buyers and sellers about how agents will be compensated during a transaction. It’s important to note that in Utah, specifically, real estate commissions have historically been disclosed to both buyers and sellers. These disclosures are identified in the agreement with a REALTOR® as well as advertised on a local Multiple Listing Service (MLS). Both buyers and sellers continue to have the power to negotiate fees, but moving forward, agents will no longer use the MLS for advertising or making offers of compensation.

With improved transparency, these adjustments empower consumers to make informed decisions while promoting client-driven conversations as they relate to paid commissions and provided services. Both buyers and sellers are encouraged to shop around for a REALTOR® and find a professional that best aligns with their needs and goals. This opens the floor for contract and compensation negotiations for the expected services. Buyers will be asked to enter into a written agreement prior to touring a home or property. This is where the terms of service and representation are outlined, and buyers are given various options for how their representatives receive compensation. Some of those options might include 1) the buyer covering the compensation costs, 2) the listing agent and seller offering to compensate the buyer representative as part of the sale, and 3) buyers and sellers negotiating the terms of the buyer agent’s commission directly in the purchase contract.

Competition within the real estate market is robust, and recent changes encourage innovation and flexibility that allow buyers and sellers to select a business model that fits their circumstances. Some buyers and sellers might prefer traditional commission structures rather than alternative models like flat fees or discount services. They have the freedom to choose agents and fee structures that work best for them while safeguarding their interests. Diversity in options fosters healthy competition that leads to better service and lower costs, ultimately empowering buyers and sellers.

It is crucial to remember that having professional representation is essential to navigate any real estate transaction. With a market that is complex, highly competitive, and filled with nuances that are difficult to navigate, the expertise of a trusted REALTOR® helps consumers avoid costly mistakes and unnecessary complications. A REALTOR® acts as an advocate and protects the interests of their buyer or seller throughout the transaction process.

As the real estate landscape continues to evolve, staying informed and seeking expert representation ensures that both buyers and sellers are making sound investments in their future. The changes are a step forward empowering consumers and promising a fairer and more transparent marketplace for all.

For more information on the settlement, to search Southern Utah properties or connect with a local REALTOR® today!

Article published on STG News
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November 8th, 2024
Create a Legacy of Love and Belonging
The “American Dream” has evolved over the years to look different from person to person, but what hasn’t changed is the dream of homeownership. Owning a home—a place to call your own—is unique. A home is where you gather with family and friends, and it’s not just about creating a physical space to gather—it’s where you craft a lifetime of memories and establish traditions that will last long after you’re gone. Owning a home is about the present and the future because the memories you create become part of a legacy, and each gathering and celebration, along with little daily rituals contribute to a legacy of love and belonging.

As the seasons change and the Southern Utah climate shifts into fall and winter, residents are busy decorating for special occasions and preparing for the holidays. The turn of the calendar often marks an influx of homebuyers in the market, and a larger selection of homes can lead to more favorable conditions for potential buyers. This is especially true in the Washington and St. George areas.

Fall and winter are a great time to take advantage of the energized market and find a home where you can create lasting memories. Local REALTORS® have been helping residents navigate Southern Utah’s dynamic real estate market, and that includes guiding them to take advantage of the potential tax benefits and seller motivation that come with a home purchase around the holiday season.

Owning a home allows you to bring people closer, and personalizing your space allows you to create an environment that supports your lifestyle. Use the expertise of a REALTOR® who can help you find a home that best fits the needs of your family. This offers stability and creates a comfortable space that reduces holiday stress and becomes a place where stories are told, a family history is shared, and who you are is embedded in every corner.
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