Sunday, December 8, 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 7, 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 ...
Friday, December 6, 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 6, 2019 / by Kylene Emery
Hello! I hope you all had a great Thanksgiving holiday! I sure did! We are now entering the absolutely slowest time in the Spokane market, but that isn’t necessarily bad thing! Spokane home sellers, we are still in a seller’s market, with more buyers than houses, so while you won’t see as many buyers looking at your house, you can still expect to sell your house fairly quickly if it is priced correctly and markets effectively!
The weeks between Thanksgiving and Christmas we will see very few houses come on the market, but if you are a buyer don’t walk, RUN to see everything in your price range! Spokane has been a very competitive market for the last 2+ years, and economists are projecting that prices will continue to rise, with limited inventory for at least another 2 to 3 years. If you are a buyer, this means prices are going to keep rising and there are going to be a lot more buyers in the ...
Friday, December 6, 2019 / by Jo Skipper
When Should I Sell an Investment Property?
No matter how you became a landlord or property owner, the time has come where you are questioning whether or not you should continue ownership of this property. Many people become accidental landlords when they inherit property. Sometimes, this can happen if their home does not sell for what they hope to receive. Others become landlords on purpose with the intent of buying a holding. Whatever the case may be, at some point you are questioning if you should maintain ownership of this investment. Let’s discuss some surefire signs that it is time to sell:
First and foremost, you are no longer making any money. Sure, expenses happen in a home. However, if you find your monthly expenses on this place constantly in the red, then you may want to think about selling this investment. Sometimes a property owner will consider moving back into a property when this happens. They will consider the options of selling ...