Web Analytics
No Comments

Market Realities and What to Expect in 2018

Market Realities and What to Expect in 2018

Seller’s market

Market Realities and What to Expect in 2018: Our fast-paced seller’s market is leaving everyone unhappy. None of the parties engaged in a real estate transaction, like the current market. Not the home sellers, not the home buyers, and probably not real estate brokers. Each has its very own valid reasons.

Most home sellers find themselves wondering if they could have sold for more. Most homebuyers worry that they might have paid too much. And real estate brokers see the sales process as exceedingly demanding, enormously complicated, and significantly more fraught with peril than ever before.
Read more

No Comments

How to research the best comparable properties?

How to research the best comparable properties?

How to research the best comparable properties?Research Comparable homes

Everyone involved in buying and selling a home has an agenda. Let’s say a home is for sale in Bellevue for $700,000. The seller is hoping to get the highest possible price. The buyer is hoping to get the lowest possible price. The Real Estate agents are depending on the commission from the sale. The Bank wants the most conservative valuation of the home to protect their investment. The Appraiser is expected to be the one neutral party, with no personal interest in the property, who can provide the most accurate, unbiased evaluation.

To become a Certified Residential Real Estate Appraiser in the State of Washington requires a bachelor’s degree, 2,500 hours of fieldwork over a minimum of two years, an additional 120 hours of targeted courses, and approved training directly under a Certified Supervisory Appraiser.
You would think, after all, that, Appraisers would be very good at their job. And yet, somewhere in the neighborhood of 40% to 50% of Appraisers in the field today do mediocre to poor quality work. Why? The simple answer is that you cannot train people to be creative, and for the most part, Real Estate valuation is a creative process.

Read more

No Comments

Simple, powerful and efficient way to search for your new home.

home search when buying a home

HomeSpotter is the best way to search for your new home.

 

The real estate market in the Greater Seattle Area is one of the best in the country. It is vibrant, competitive, and complex. Recent stats indicate that it is also enjoying substantial gains that are well above the national average.

Things have improved for those wanting to buy a home. There have been increases in new listings during the past three months. However, we’re continuing to sell this inventory at a faster rate. Those looking to buy a home continue to significantly outnumber those wanting to sell a home. In addition to making the prices creep up pretty consistently, it has become very challenging for buyers and their agents to locate homes that meet their clients’ criteria.
Read more

No Comments

Buyer anxiety keeps rising

Buyer anxiety keeps rising

High Demand and Low Inventory

Buyer anxiety keeps rising: This article about high buyer demand and low inventory was originally published on April 6, 2015. Two years later, buyer demand is higher, inventory is lower and prices have climbed more than 20%.

KIRKLAND, Washington – Buyer anxiety is rising as the pace of home sales is faster than brokers are able to replenish inventory, according to members of Northwest Multiple Listing Service. Figures just released for March show 11,408 pending sales during the month while only 10,505 sellers listed their homes for sale during the same period.

“The frenzied market has returned and is in full bloom in King and Snohomish counties. Listings are selling as soon as they come on the market for sale,” said J. Lennox Scott, chairman, and CEO of John L. Scott Real Estate.
Read more