Monday, February 17, 2020 / by Dixie Simon
Good Morning Spokane,
Can you believe this weather? My rose bushes are so confused. I am worried that when we get more winter, they may get damaged. I have a young Dogwood tree as well that is already thinking SPRING. Yikes. My Grandbaby (4) asked me yesterday “Do you remember your boat?” She is ready to fish, and I think she and I are on the same page-fair weather fishermen. I
have a hard time believing we are out of the woods for winter just yet.
Having said all this, it has been a nice winter for showing homes. Sellers have been scarce somewhat in coming to the table. I believe we have been programmed to think that as a seller, “I should wait until spring”. This is a misconception in our market today. Because everyone is trained to think this way, what happens is every Seller comes to the table at the same time in Spring bringing more competition to (not for) your home. When there are fewer homes out there to choose fr ...
Tuesday, January 21, 2020 / by Dixie Simon
Few people are predicting that 2020 will be a record-breaking year for home sale prices.
However, 2020 might be the best time to put your house on the market. If you’re on the fence about selling this year or next, selling in an environment that's more familiar and predictable, rather than waiting for time to pass and circumstances to change then 2020 may-be your best decision ever.
If you bought your house in the past few years, still love it and don’t want to part with it, go ahead and wait another five years before revisiting the thought of selling. But if you’re weighing your options to sell and are considering selling this year or next, don’t play the waiting game.
Here are four reasons you should consider selling in 2020:
New buyers are still entering the market.
· Interest rates are expected to remain low.
· You have high equi ...
Monday, January 20, 2020 / by Dixie Simon
What is the difference and why does it matter to the Seller?
Why is this such a BIG DEAL?
Much Time can be wasted and great heartache can insue if you do not have your financial affairs in order. If you fall in love with your dream house and are not pre-approved, in most cases within the Spokane market and surrounding areas, your offer will go straight to the bottom of the pile. Without proof that you are eligible for a loan or if you are wanting to pay cash but are not willing to provide evidence of accessible funds--Talk is cheap!
So what is the difference between prequalification and pre-approval?
There are similarities but they are NOT the same. So, what does it mean to get pre-approved vs. getting pre-qualified for a mortgage, and what’s the difference between the two?
Things that are similar:
Mortgage pre-approval and mortgage pre-qualification have the same benefits for anyone considering purchasing a home with a mortgage:
Both help estimate the ...
Sunday, December 29, 2019 / by Dixie Simon
In some ways, the market hasn't changed since last week. We are still experiencing low inventory with 1.3 months at best, however; with the Holidays and families, realtors, banks and title companies out celebrating, it definitely takes a hit these last two weeks of December.
In the month of December this year, however, we have listed 374 new homes, and 160 homes that were under contract came Back on the Market. 254 homes had a Price change and only 4 of those were an increase. Also, in the last 27 Days of 2019, we have 1244 homes that are pending and 858 that have already closed.
While the trends continue to mix it up a bit, we are still in a multiple offer situation. Homes in that median price range are moving quickly within 7 to 14 days.
The days continue to be extremely short here in the Northwest so work hard and work early… and there is a lot of positive activity happening in the world of Real Estate. Zillow predicts Spokane Housing values to continue to i ...
Friday, December 13, 2019 / by Dixie Simon
The majority of the time, We as Realtors find that Buyers are under the impression that the buyer pays for the Realtor and the majority of the costs. They do not realize the costs the Seller incurs. It is good to know because when a buyer is asking for concessions, it isn’t always that enticing for the Seller.
In talking with many new and previous sellers, often, they were unaware of the costs involved, which can take the wind right out of the sail. Often they are blind-sided due to lack of proper communication with the realtor or trying to do it themselves. Knowing what to expect and doing some pre-planning can help absorb some of the sticker-shock.