Monday, October 21, 2019 / by Andria Sanchez
Picking A Real Estate Agent Through Facebook:
According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them “extensively online prior to working with them”. And, that number is probably increasing every day.
Are social media channels such as Facebook really a good place to gather information about an agent before using them? If so, what should you look for?
There is a plethora of information on any subject available on social media sites such as Facebook. A recent study by the Pew Research Center revealed that 63% of Americans now even get their news from Facebook (up from 47% in 2013).
It is no different for both buyers and sellers of real estate. Yes, Facebook is a good place to gather information about the housing market and “checkout” an agent you are considering hiring to help buy or sell a home.
What should you be looking for in an agent&r ...
Sunday, October 20, 2019 / by Shayla Morford
Have you ever wondered as a seller, if you made the decision to sell, how long might you expect before you have funds available in your account.
Here is a quick "average" snapshot of the standard home purchase. Remember, if you are asking me to sell your historic 13th Century Stone Castle Mansion on 500 acres, you might have to be slightly more patient for that "Ready, Able and Willing Buyer" to come along.
Typically there are two stages in the home selling process: Getting the home ready for prospective buyers to come through and once one of those buyers submit an offer you are willing to accept, the clock starts again.
Depending on how someone will be compensating you for their purchase, Cash or Financing, will set the pace. The "Great White Buffalo" of cash transactions has been rumored to close in a few business days. Cash buyers may skip a few steps a traditional mortgage lender wont allow. Conventional financing averages 30 days, while FHA or VA may be ...
Friday, October 18, 2019 / by Jennifer Gilbertz
Spokane, WA real estate market is holding strong and is continuing to be a top seller’s market. As a Spokane Realtor working with Haven Real Estate Group, we keep a close watch on the current real estate market trends on a weekly basis. For you, this means you will have access to the most up to date housing market information for our area and will have access to links to further educational blogs and videos relating to the current Spokane housing market, as well as, home selling and home buying educational tools.
We are currently holding at a 1.2 month supply of homes in our real estate market here in Spokane, WA. This monthly calculation of homes is based on the percentage of home buyers that are ready and able to purchase versus the amount of homes that are currently available in today’s Spokane, WA real estate market. For example; if suddenly no more homes were going on market for sale and at the current buyer purchasing rate, all the current ho ...
Thursday, October 17, 2019 / by Connie Tracy
Currrently, we have a 2.1 month inventory of single family homes in Spokane County. This doesn't include condos, multi-family properties, manufactured homes on land/leased, foreclosures or short sales. What does this mean to you? This ultimately means that if no one else puts their home on the market, there will be no more homes available for all of the home buyers out there.
A balanced market is at 5.5 months inventory. We are nowhere close to this! As a matter of fact, we are in a VERY strong seller's market. This week we have 316 active listings which is down 20% from last week. AND there are 152 homes in escrow. That is 7% less from last week.
So, what does this mean if you are seller looking to list your home? It is a GREAT time to sell even with the cooler temperatures, shorter days, and winter around the corner. IF you price your home at market value, expect your home to sell quickly. There are so many home buyers out there looking ...
Thursday, October 17, 2019 / by Pamela Glende
We currently have a 2.1 month inventory of homes on the market in Spokane County. What this means is that no new homes come on the market we would run out of homes within 2.1 months.
A balanced market is 5.5 months of inventory. We are currently in a strong seller’s market. We have 316 active listings in which is down 20% from last week. There are 152 in escrow which is down 7% from last week.
That gives us a 48% pending ratio. So out of the 316 active listings 48% of them have accepted offers and are in escrow.
Last week we had a 2.2 month inventory. We had 336 active listings and of those 159 were pending and in escrow.
Our stats are taken from single family homes in the Spokane area. They don’t include land listings, mobile homes on land or leased land or multi-unit listings. They include single family stick built homes only within Spokane County and on under one acre. Stats are taken from all active and pending homes. They do not include short sale homes or fore ...