It’s Cheaper to Buy than Rent in the Seattle Area

Did you know that it is cheaper to buy a home than rent in our Seattle market?  A March 20th Trulia blog by Chief Economist Jed Kolko explains why and helps you determine if buying is the right decision for you.  Follow this link:

http://trends.truliablog.com/2013/03/rent-vs-buy-winter-2013/

 

Posted on April 5, 2013 at 3:25 am
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , , , , ,

Why are there so many Buyers out there chasing so few homes?

Here is a link that does a great job explaining why rising prices and the risk of higher interest rates are causing many of today's buyers to purchase a home now.

http://www.windermere.com/blogs/windermere/posts/time-to-reality-check-the-real-estate-market–2

Posted on February 21, 2013 at 3:59 am
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , , , , ,

Q1 2012 Market Economics

Here is the first quarter economic report and our region and it’s impact on real estate.

http://blog.windermere.com/the-gardner-report-first-quarter-volume-xvii-western-washington/

Posted on May 16, 2012 at 10:49 pm
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , , , , , ,

What size home is most popular in Carnation/Duvall?

The Linnerooth Team Realtors have a couple interesting facts about what size of home today’s Buyers are buying in the Carnation/Duvall area.
-20% of home buyers* are purchasing older homes built before 1990 averaging 1700 square feet.
-38% of home buyers are buying brand new homes ranging in size from 1500 to 2650 SF.
The remaining segment of resale home buyers are spread over a large range of home sizes with about 1/3 of this buyer group still choosing to buy a larger home with 2700-4200 SF of living space.  These more spacious homes were mostly built between 10 and 15 years ago and typically have a 3-car garage.  A very small percentage of this last group are distressed short sales or bank owned. The sales prices for large non-distressed homes average around $520,000** (compared to their average prices up in the $700K range several years ago).
*  Statistical samples are based on 148 homes in the Riverview School District that have sold   (or are pending) since October 1st, 2011.  Excludes rural homes on more than 1.5 acres.
** based on above average quality and condition…e.g. granite countertops, high-end appliances.

Average Home Size chart- Duvall/Carnation

Posted on April 14, 2012 at 5:10 pm
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , , , , , , ,

Duvall WA 1st Quarter Real Estate Report

Sales are up!   There are 84 pending Duvall/Carnation home sales for the first 90 days of 2012.

Of the 84 pending sales, 20 of them were short sales and 11 were bank-owned; leaving 53 that were not distressed sales. About 20% of these first quarter pendings have closed with more than half of the closed sales garnering 100% of the last asking price (but averaging about 7% below their original prices).

Increased consumer confidence and low interest rates are causing buyer to start looking for a larger home.  The LINNEROOTH Team represents the two largest homes in the Duvall city limits.  Act now, inventory is low!  MSN Real Estate just reported that Seattle is one of the top 10 cities for lowest inventory.

 

Posted on April 6, 2012 at 8:12 pm
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , ,

True cost of buying a foreclosure home

Foreclosed homes are sold as-is.  Arizona builder Fulton Homes put together a nifty spreadsheet to help consumers figure out the true cost of buying a foreclosure.  Simply input the purchase price, size of home and check  the items that will need repair or replacement.  Hit the enter key and you will find out what the true cost is!  Note: you may need to adjust pricing for regional differences in cost.

http://www.fultonhomes.com/foreclosure-calculator

Posted on February 23, 2012 at 3:37 am
Sue Linnerooth | Category: Duvall Real Estate | Tagged , , , , , , , , ,

How to sell a home in a down market. Seattle Times gets it right.

http://seattletimes.nwsource.com/html/realestate/2017450223_realselling12.html

Great article in The Seattle Times Feb 12th edition

Price your home aggressively- less than 10% of listed homes sell every month.  Rely on a local market specialist and then price your home at least 1% below the competing homes.

Stage like a pro- Choose a Realtor that has an Accredited Staging Professional to make sure you home will appeal to the broadest base.  It’s a price war and a beauty contest out there.  The Linnerooth Team specializes in complimentary home staging.

Go all-out online- It isn’t good enough to be listed solely on the MLS.  Savvy Realtors can generate excitement by marketing your home on sites like youtube, craigslist, Realtor.com, FrontDoor.  The Linnerooth Team uses TourFactory.com to ensure maximum expososure.

Be flexible- Financing is difficult these days.  Make sure the Buyer is truly approved.  Consider additional incentives to sweeten the pot.

Posted on February 13, 2012 at 6:28 pm
Sue Linnerooth | Category: Duvall Real Estate, Uncategorized | Tagged , , , , , , ,