Every homeowner wishes to sell their house fast in a hassle-free way! Of course, it is possible but requires minimum effort to make it happen. Selling your house depends on various factors that you can control, and some are uncontrolled, like the local housing market or real estate market shifts.
So, when you plan to sell your house, a few things need to be considered. But before that, get the best price for your house.
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The real estate industry is going through significant changes. It is progressing and evolving. Zillow, Redfin, and CoStar –– will continue to increase their influence on the industry. As profit margins shrink, pressure on other brokerages, large and small, will increase. Brokerages will pass this pressure on to individual brokers. Combine this with too many buyers for too few homes for sale. Challenging times await our industry. BN Real Estate broker advantages are described in this post.
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Receiving multiple offers for “Homes for sale“ is still happening all around the country, although this trend may be slowing down in some states. Multiple offers are usual when real estate markets substantially favor home sellers. In rare situations, it can even be odd to not have multiple offers.
How robust is Seattle’s real estate market? Consider these recent stats.
Is that robust enough?
However, this chaotic real estate market has softened a bit in recent weeks. It is taking a little longer for a house to sell. There are also more price reductions. BTW, we now use more exotic words like refreshed pricing or improved price rather than a good old price reduction.
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If you pay any attention to the housing market news, you know that we are currently amidst one of the strongest sellers’ markets. It has slowed down a bit in recent weeks. It is difficult to determine if it is the usual summer slowdown or if the market has run out of steam. This article is about how to get your house ready to sell, regardless of the market demands. Seller’s or buyer’s market, you must present your home as best as possible to get the highest price.
The optimum lead time to start preparing your house to sell is three to six months, depending upon repairs and improvements that might be needed. The more time you allow yourself to prepare, the easier and more cost-effective it will be for you.
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What is my home worth? This question is the first step when people start to think about selling their house. Having the most current and up-to-date data about recent activity is crucial to answering this question. This blog post is unique. It includes live graphs that show you the last twelve months’ data for Redmond, Sammamish, Kirkland, and Bellevue. If you require more extensive data, please reach out and we will get you what you seek. A broader picture shows that the demand for homes increased significantly starting in the summer, while the supply went down a lot, mostly due to homeowners are not eager to sell during COVID-19 unless there is a dire need to do so.
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I originally wrote this blog post about buying real estate on Eastside in March 2017 – exactly four years ago today. There was a general feeling back then that the market will slow down. About a year ago, when Covid19 hit us like a tsunami, there was a great deal of uncertainty about what was in store. Given all the restrictions and limitations, it appeared to be likely that things will slow down. That did not happen. We saw solid numbers in 2020, and buying real estate on Eastside became even more challenging. The first three months have seen that trend continue. It is not just buying real estate on Eastside. Now it is exceptionally competitive just about everywhere. From Tacoma to Bellingham and Spokane, at the eastern edge of Washington State, just about every new home on the market sells quickly and fetches more than the asking price. Thus I am reposting this blog.
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Savvy buyers and sellers know that our real estate market is vibrant, complex, and nuanced.
At BN Real Estate, we follow a nine-point home-buying system to serve our “buyer clients.” You can learn more specifics about this extremely effective approach here. For an in-depth understanding of the buying process and to be equipped to jump into today’s highly competitive market, pick up Broker Nadir’s book at Amazon.
Being in a seller’s market, like the one we have now, having several buyers clamoring to get their offer accepted makes things even more complex for the home sellers.
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The current sentiment that the real estate market is crazy is the aptest description. Buying a home in 2021 has become a very different experience. It does not serve homebuyers very well, who feel helpless as the market demands compel them to give up their legal protections. There is no way to predict when the market conditions might improve.
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The real estate market is currently considered a seller’s market almost throughout the country – especially in Washington State. Seller’s markets create additional demands on homebuyers in general and first-time homebuyers in particular. Most people don’t realize that it also creates unique challenges for home sellers.
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