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Sandy sees more growth in housing market

The city of Sandy issued 32 more residential building permits since The Post first reported the numbers on April 17.

That puts the total number for 2013 at 44.

“And we have four that are under review,” said Noryne Robinson, the permit clerk with the city. “It’s looking good this year.”by: POST PHOTO: NEIL ZAWICKI - Roof tiles await application on a new home in the Deer Pointe subdivision. Homes there are built to attract buyers.

The news is good for buyers and sellers alike, and it’s also a good time to be a listing agent, which is a real estate professional representing the seller of a new home, rather than the buyer. The selling agent has been the busy one in recent years, while the listing agent had been all but benched, according to Alan Fleischman, principal real estate broker with Windermere Real Estate in Sandy.

He points to the Deer Pointe development, east of Langensand Road, as an example.

“We were selling (as listing agents) in Deer Pointe,” said Fleischman, “But when the economy got tough, the developer decided to get his own license and sell the homes himself.”

Now, with the economic gears approaching what could be called a hum, there’s more room for the listing agents. Robyn Jones is a broker with John L. Scott here in Sandy. She said being a listing agent is an attractive thing these days.

“The new construction market is still strong,” she said. “I will tell you that all of our listing agents right now are sold out. I would love to become a listing agent for these new developments.”

Another value for building on speculation, or on the faith that a buyer will come along, is that buyers can be impatient, Fleischman said.

“A lot of people don’t want to wait four months for their new home,” he said. “Those are the ones the spec builders are going for.”

Of course, as the spec homes fill up, the demand remains, shifting the game back toward the selling agents.

This economic Rubik’s Cube dynamic is something Fleischman said he has spent considerable time thinking about.

“Sometimes it seems like, you know, ‘where do all these buyers come from?’” he said. “A lot of them are first-time home buyers, and they’re usually in a good position to take advantage of the (U.S. Department of Agriculture) loans, which are 100 percent financed.”

To qualify for a USDA loan, a buyer needs a credit score of 620 or better, and make less than $83,950 per year.

“That’s a great way to get into a new or even an existing home,” Fleischman said.