Hey everyone, today we are going to talk about what is going on in the Puget Sound and Seattle real estate market.
People are always asking me whether we are in a buyer's or seller's market, and the answer is constantly changing. Right now, however, we are in a hot seller's market. Some neighborhoods have less than 2 weeks of inventory and many homes are receiving multiple offers.
This is great news for sellers! Supply and demand is the thing that dictates final sale price the most. When supply is less than demand, you can leverage your home and we can sell homes for 5-10% more than your neighbors' homes.
In a seller's market, how do buyers stand out? Other than paying cash and waving all contingencies, there are 8-10 key points that can give you a leg up on the competition.
People are always asking me whether we are in a buyer's or seller's market, and the answer is constantly changing. Right now, however, we are in a hot seller's market. Some neighborhoods have less than 2 weeks of inventory and many homes are receiving multiple offers.
This is great news for sellers! Supply and demand is the thing that dictates final sale price the most. When supply is less than demand, you can leverage your home and we can sell homes for 5-10% more than your neighbors' homes.
In a seller's market, how do buyers stand out? Other than paying cash and waving all contingencies, there are 8-10 key points that can give you a leg up on the competition.
Buyers have the most success when their agent figures out what is important to the sellers and writes an offer to appease them. We are experts at doing this and would love to help you write a great offer.
If you have any questions for us, or are looking to buy or sell a home in Seattle, give us a call or send us an email. We look forward to speaking with you!
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