When is the best time to get my home SOLD for the most money? We are now 2 months into the new year. It’s time for the February 2023 market update. Sellers seem to be hesitating to put their homes on the market and buyers are still anxious so find their next home. These two …
This is a quick but comprehensive look at the real estate market on Seattle’s Eastside. Bellevue, Kirkland, Redmond and Issaquah. Residential resale homes only. No condo, new construction, or townhouses. Your broker should be able to use these numbers to explain the market and how it affects your list price, SOLD price and the buyers …
For some, renting is the best answer. Home ownership is not for everyone. This bnlog takes a candid look at renter vs homeowner.
When analyzing the market trying to get a handle an where it’s headed, there are a number of data points that I find valuable. This effort is ongoing. When searching for a client selling or buying, I have to get more specific to their situation, the property, and expectations.
Months of inventory: This number tells us how active the buyer market is. It is affected by the number of available homes priced and presented well, and the number of active buyers. For instance, we have 100 homes on the market and 40 have SOLD in the past 30 days. This means that we have 2.5 months of available inventory.
Preparation is the KEY to a seller’s success. In any market the best homes, prepared and presented and priced well will always sell first and for more money! Watch this short video to see a little of what our seller do to generate Top Dollar!
The internet and lazy brokers have convinced buyers across the country that they can find a home on their own without the guidance of a REALTOR®. This may be true, but at what cost?
The 2022 interest rate story has been a tough one for buyer to understand. Rates more than doubled in the course of the year. Buyer’s in some cases have lost 30% of their buying power.
What has happened over the past year? Rather than fill you with filtered views and broad predictions, I have given you the spread sheets that I create for the brokers in my office and my clients. I hope you find your answers here.
Sellers have to realize that the competition for buyers is brutal as shown by the huge increase in months of inventory and days on the market. Also, home prices have settled. The seller’s list price is critical. Buyers are looking at the new listings and those that sit will do just that until there is a significant adjustment in price.