How well do you remember your favorite TV family homes?
-38% of home buyers are buying brand new homes ranging in size from 1500 to 2650 SF.
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.
2011 real estate closed sales of single family homes and condominiums across the Puget Sound improved by 7.4% over 2010 sales. Prices continue to fall. Median home prices fell 10.3% during 2011. The median price for 2011 was $235,000 compared to 2010 median price of $262,000. Additionally, the % of closed distressed properties in King County built to a 4th quarter high of 33%. Distressed properties are homes that are either bank-owned or short sales.
On a local level, 241 Carnation and Duvall sellers had success selling their homes in 2011 compared to 178 in 2010. This represents a 35% year-over-year increase in sold homes. Median home prices fell 17% during 2011. The median price for Carnation/Duvall was $326,452 compared to 2010 median price of $391,000. 36% of Carnation/Duvall homes were distressed properties, 31% were new construction. The average home sold in 126 days for an average price/sq. ft. of $147. The average home size was 2,304 sq ft.
Windermere Real Estate continued to be the top selling real estate firm for the Carnation/Duvall area. The Linnerooth Team can be reached at 425-788-9222 or SueL@Windermere.com for a complimentary market analysis of your home. Our team also provides short sale expertise.
source: NWMLS and Trendgraphix