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:
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.
How well do you remember your favorite TV family homes?
Here is the first quarter economic report and our region and it’s impact on real estate.
-38% of home buyers are buying brand new homes ranging in size from 1500 to 2650 SF.
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.
Seattle area buyers are taking advantage of some great deals by purchasing foreclosures and short sales properties at steeply discounted prices compared to non-short sale and non-foreclosed properties.
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.
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.