Home Buying in Seward Park>Question Details

Betocolleran, Home Owner in Seattle, WA

real estate market in seattle

Asked by Betocolleran, Seattle, WA Wed Jan 16, 2013

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8
I totally agree with Dan Tabit. If you are in the market to buy or sell a home, what you really should do is interview all the agents that respond to you in the area & just ask us why you should work with us instead of another agent & then hire one of us to go to work for you.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
1 vote Thank Flag Link Wed Jan 16, 2013
Did you have a question? In general, inventory in Seattle is tight, and that requires that buyers' agents look daily, that clients see houses quickly, and unfortunately, that clients make decisions quickly.
1 vote Thank Flag Link Wed Jan 16, 2013
Thanks, my wife and i are putting our house on the market in may. i'm trying to get a feel of the enviroment.
Flag Wed Jan 16, 2013
The real estate market in Seattle was just ranked #1 in the nation for appreciation in 2013. (Other sources rank Seattle as low as #5.) Seattle is forecast to experience double-digit appreciation in many neighborhoods. One report suggests 13.5% appreciation this year. This is great news if you have a home to sell. The news is not-so-great if you're a buyer. Now is the time buy. Buy early and reap the benefit of double-digit appreciation by the end of the year. The only problem is the lack of inventory. The number of 'for sale' homes is at a record low. You may find yourself in competition with other buyers in 2013. Get connected with a good Realtor that knows the community where you want to buy. Ask friends or family for a referral to a Realtor. Somebody you know already knows a great agent that can help you. Get started today, you'll be glad you did.
0 votes Thank Flag Link Fri Jan 18, 2013
Betocolleeran,
I read your reply to Kary and I have one last thought; while the market is tight as we have all said, and most homes are selling quickly, don't use this situation to make a common mistake and overprice. A great agent should show you the competition for your home. Some homes will have offers within days of hitting the market, while others will languish for months.
A home which is over price, under-prepared, poorly marketed and difficult to show will cost you money and time. Make certain that you select a great broker who can position you to take advantage of the market while not missing out on the opportunity. Best of luck.
0 votes Thank Flag Link Wed Jan 16, 2013
What part of town are you interested in?

There are lots of options available.
0 votes Thank Flag Link Wed Jan 16, 2013
The real estate market is very strong right now. Prices have gone up 5-8% in the last 60 days. There are slim pickings right now. You need an agent looking for you everyday! Also, you should have a loan officer pre-qualify you. That way if you find a home you want and you make an offer you can assure the Seller that if he picks your offer that his home is SOLD! Time for Action.
Mike Knutsen John L Scott - Renton!
0 votes Thank Flag Link Wed Jan 16, 2013
Seattle's market is very strong right now. Prices are up 5% in the last 60 days. there are more homes pending sale then there are active listings. If you have a home to sell it is a good time to put it on the market. You need an agent looking for new homes everyday
Mike Knutsen JohnlScott, inc Renton Highlands
0 votes Thank Flag Link Wed Jan 16, 2013
Betocolleran,
I agree with Kary, there are more buyers than homes. Well presented, well priced homes are selling quickly and often for full price or above. Multiple offers have been very common.
I also agree that the solution is to have a quality broker working for you. New listings are input everyday at various times of day. Secondary sites are updated overnight, so if you are looking yourself through a company site, you may be a day late in finding the best homes.
A great broker will set up a search for you that sends out new listings as they hit, right into your email inbox. We know how to work for our clients to get a fair deal that gets you the home, beats out the competition and doesn't let you overpay.
If you are not working with an outstanding broker, find one and let us work for you.
0 votes Thank Flag Link Wed Jan 16, 2013
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