Attention home buyers! Especially those of you who are discouraged, exhausted and just plain frustrated.
Now is the time to regroup and call on your second wind, because there is less competition this time of year, so you may even be able to avoid the bidding wars.
Why? Because many of the buyers who were active in the spring have either run out of steam or have become discouraged beyond their limits. Combine that with nice weather (who can think of anything but play when the sun shines in Seattle?) and vacations, and the pool of buyers shrinks substantially. That’s good news for those with the stamina to hang in there.
Although still undeniably hot, and generally favoring sellers, the real estate market in West Seattle (and some other parts of Seattle) has slowed down a bit in the past few weeks. More homes have come on the market recently, and many are seeing their “offer review” dates come and go with no offers. Some sellers are even having to do price reductions.
Again, this is good news for buyers, especially since interest rates are expected to start rising, and every increase — even one as small as one-eighth of a percent — effectively decreases a buyer’s buying power.
A similar situation happens every December due to bad weather and holidays.
So, if you or someone you know, wants to buy property this year, DON’T WAIT!
Contact me today for more details and a FREE CMA (Comparative Market Analysis) of your home if you are already a home owner.
Studies show that approximately 90% of all home buyers now search the internet as the first step in buying a new home. Technology makes it incredibly easy to get a virtual look at Active listings, saving everyone a lot of time and energy. I suspect, however, that a large majority of those who search online and then visit homes in person, will tell you that there is no substitute for seeing the real thing “live”. Whether by intention or not, the photos you see online can be very deceiving. Sometimes they make the home look better than it does in person and sometimes they do not do the home justice. So despite all the advantages of online searches, Open House events remain popular, particularly for those who are still not ready to choose a buyer’s agent just yet.
This is the place to access a list of all public Open House events entered in the Northwest Multiple Listing Service (aka the MLS).
If you prefer to have a private tour of homes for sale, call or text me at 206-708-9800 to set up a time that works for you.
On Sunday, March 4th, from 11A-1P I will be holding open my own listing, a fabulous 1-bedroom condo on West Seattle’s Beach Drive. Here’s where to go for photos and details: www.SingleMindedRealEstate.com/321982. Come visit me at 4004 Beach Dr. SW, then walk across the street to access the public beach through Andover Park or stroll on down to Me-Kwa-Mooks park. So much to see, so much to do.
As usual, I will be giving away coupons for a free ice cream cone at West Seattle’s own Husky Deli.