Sunday, December 08, 2019 / by Keri McCombs
This is a common question among sellers in a market that's so strongly in favor of sellers. And the short answer is yes, you absolutely should still be concerned with marketing your home. I'm going to give you the long answer, which breaks down the various ways to market your home and why they matter.
Marketing your home online is THE most important form of marketing in today's market. 78% of buyers begin their search online, before they have even connected with an agent or a lender. As the process continues, they continue to search for homes online until they find the perfect one. So you want your home to be highly visible on multiple online platforms, so that your home is visible to the largest number of potential buyers.
So how do you go about doing that? Pick an agent who spends a significant amount on online marketing. In the Spokane area market, the average realtor spends $550 per month on marketing. Various agents spend varying amounts, and it ...
Saturday, December 07, 2019 / by Keri McCombs
Congratulations! You've accepted an offer on your home, you've made it through the home inspection negotiations, and you're close to the finish line! At this point, you're probably starting to feel the emotions of moving... leaving a place you've called home for so long... and you're probably feeling the mounting stress of packing, moving, or dealing with all of the emotional roller coaster that comes with selling a home.
All of this is totally normal! But it can also have you forget the final steps you should take to make sure the home sale goes off without a hitch. Check out the following give steps you don't want to forget about before your home sale is officially all said and done.
Step #1: Don't Forget To Leave Behind The Important Stuff
When you close on your home, you know you need to leave any extra keys, garage door openers, all of the included appliances, things like that. But you also want to make sure you leave any of the extras: any access cards, mailb ...
Saturday, December 07, 2019 / by Keri McCombs
It's time for your weekly real estate market update about the housing market in Spokane, WA! This week, not a whole lot has changed, as far as months of available inventory, which probably isn't surprising to you. We're still sitting at 1.3 months of available inventory. If you've been checking out my market update blogs each week, you'll see that it's pretty much been the same over the last long while. As usual, I'm going to give you some specifics of this particular market and what benefits and challenges it provides for you - you can check this out lower in the article. But first, I'm going to share with you what months of available inventory means, in case anyone reading this hasn't read any of my previous market update blogs.
Here is a thorough explanation of what months of available inventory means. In a balanced market, which is a market where neither buyers nor sellers have an advantage, Spokane's market w ...
Friday, December 06, 2019 / by Ariadne Gold
Winter is here! (I cringe saying it, but its true!) and with the changes in weather come changes in the real estate market.
We are currently at 1.3 months of inventory, so we’ve gone up a little bit since last week. This is compared to 3 months of inventory in December of last year. This means that if no more new homes entered the market, the current homes would sell in about 1.3 months. It also means that we are still in a seller’s market. A balanced market is about five to six months of inventory; anything below that is a sellers market, and anything above it is a buyer’s market. 1.3 is low, and is shown by the fact that we continue to have multiple offers and listings selling for far above asking price!
The Spokane Real Estate Market has had 104 new homes come on the market this week (down 25 from last week), and 529 homes sold in the last 30 days. The average days on market is about 28, compared to about 50 in December of last year ...
Friday, December 06, 2019 / by Sara Koenig
Did you know that not all home renovations increase your property value?
Yep, that’s right! Some renovations can even hurt your property value. So whether you’re looking to make improvements to reflect the latest design trend or you just want to makeover a space to make it more functional for your current lifestyle, you’ll want to make sure the changes aren’t going to hurt your property’s resale value.
There are certain upgrades homeowners invest in, assuming it will increase the value of their home, when in reality it does the exact opposite. Can you imagine spending all of this money to renovate a space in your home only to realize that not only is there little return on investment but that it could actually hurt the value of your home? If any of these are on your home project “to-do” list, you might want to reconsider whether you’re thinking of selling or just looking to update your home.
For starters, believe it or not, there is ...