Saturday, December 7, 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 6, 2019 / by Connie Tracy
With snow in the forecast for the upcoming week and Christmas just around the corner, the Spokane Real Estate Market continues to slow down. If you are looking to purchase a home and you are truly serious and don't mind the chilly weather, then now is a great time to purchase a house with less competition. Just remember to have all of your documents ready to go!
The market will continue to slow down and prices will remain stable or maybe even drop a little. Come February, prices will go back up, and more homes will be listed, to beat the Spring rush! So, now is a SUPER time to get your offer accepted! Just be patient.... Multiple offers continue occur in a variety of price ranges. The market is less competitive for sellers. If you can manage selling your home in the winter months, and your home is priced to the fair market value, you may get some offers in a matter of time. If you are kicking around the idea of selling in the Spring, think twice about that. Start workin ...
Friday, December 6, 2019 / by Pamela Glende
Many factors go into what a home is worth.
When running comps on homes we look at other similar homes that have sold recently. We focus on the neighborhood where the home is. We find homes similar in size, age, condition, bedrooms and bathrooms. We pay attention to whether the homes have been remodeled or updated. Have there been any improvements? We look at pending home sales and active listings. We pay attention to how many days they were on the market.
It’s imperative that we price your home at true market value. If we over price the home, it will sit on the market and that leads to price drops and home buyers feeling like there is something wrong with the home. They question why hasn’t it sold? These overpriced homes often net the seller less than market value in the end, costing the seller thousands.
A home that is priced correctly in the Spokane Real Estate Market will often net the seller more than market value because we are in a seller’s ...
Friday, December 6, 2019 / by Dixie Simon
Good Day, Spokane,
I was hoping for snow today, but instead, it is high clouds and COLD. But this is not the weather forecast; this is the Housing Market Update.
Let's jump right in.
I am a firm believer that we think things into reality. We speak words into reality, which is an actual thing called harmonics. If enough people
are saying the same thing, pretty soon, that rings true. This phenomenon is so apparent in the Real Estate Market, especially with realtors and sellers. Sellers convince themselves over and over and over that they will need to wait to list until spring. Realtors, not all but many, tell themselves over and over and over that it slows down, and this would be an excellent time to take a break.
The market does tend to slow during certain months of the year, but it is not the same in every market. In our winter months, where we have an average slowing of the market with school, shorter days, snow, school, etc., Florida is experien ...
Wednesday, December 4, 2019 / by Amber Tice
Buyers can be fickle (and they should be) when it comes to buying a home. I think we can all agree that it is a huge investment. There are a lot of different things that can turn off a home buyer so I decided to give you one more list.
I would encourage you to open your mind when reading this list of items. These are just some of the things you can avoid when trying to sell. Avoiding these things will help you and everyone who looks at your home have a pleasant experience in the process.
Here are five more things that can turn off home buyers:
Overpricing: Overpricing your home is a huge turn off to home buyers. Most buyers are doing their research, and they should have a top-notch realtor who is educating them about home prices. Overpricing your home (in my opinion) is a time-wasting game. When you overprice buyers are just waiting for the price to drop. Even in a seller’s market. You will get more people looking at ...