We are in a very unique market. Right now our area is showing signs of recovery. We are moving in a positive direction and gaining equity though are ways off from where we were in 2006 and 2007. With that sellers are seeing signs of hope and if they are upside down (owe more than their home is worth), they are holding out to allow the market to catch up.
If you are a seller that has enough equity to sell and are wanting to hang on to gain more equity it is important to ask yourself what interest rate you wish to pay on a new home when you purchase. Of course you would say the lowest. By waiting you will gain in a better equity position though understand anything you purchase will also have gained in equity. Thus, what interest rate do you wish to obtain when you purchase again? With rates in the low to mid 4′s for most buyers, you have an amazing opportunity.
Right now, resale inventory is very low and there are more buyers out there that are qualifying for homes. Low inventory…high demand…prices go up. Sounds good, except if you are the buyer. Keep in mind due to the major collapses in our banking industry appraisers have been reined in hard and are keeping the appraisals tight. Appraisals will prohibit drastic price increases and will keep our market growing in a conservative, healthy way with moderate growth.
Due to this we are seeing some buyers offering cash over appraisals to obtain their perfect home. The key is price your home at market value. Overpricing your home will cause your home to be on the market too long and in an aggressive market like this an overpriced home will usually sell below market value in the end. Pricing it right from the start will attract the best buyers from the beginning.
Being prepared is also important. It is important to show your home in the best light-every angle! Having your home inspected and repairs completed will show your buyer that you are a serious seller.
Right now I am hearing sellers say they want to wait 3-6 months. Thus, I suspect all forecasts will be accurate in the next 3 months that we will have a dip in prices. We will have more homes on the market and sellers will not be able to push those appraisals like we can in our current market.
I’d like you to meet the rest of my team that can help you “Get It Done”
Please meet Troy Shuler from Mortgage Master Service Corporation DBA Rainier Mortgage and Investment, Heidi Lloyd with Keystone Escrow and Chris Rettkowski with Win Home Inspections…
Troy Shuler has been providing excellent service to his clients originating home mortgages for over 15 years with Mortgage Master Service Corporation DBA Rainier Mortgage and Investment. Troy is licensed as a Loan Originator (MLO-141833, NMLS ID 40445). His business was built on ethics, honesty and the standard of giving every client one on one personalized service. If this is your 1st mortgage transaction, or your 10th, Troy will walk you through the loan process to insure a smooth closing. Troy specializes in home purchases, first time home buyers, and home refinances. Troy understands that not everyone has perfect credit. If needed, Troy is very well-versed in credit repair and will do everything to try to get you back on track so you can qualify for a home loan.
Contact Troy Shuler at 253-221-1151 to schedule a no obligation home loan consultation today or visit RainierMortgage.com
Heidi Lloyd is an Independent Escrow Closer with Keystone Escrow. Keystone’s business model is to be a 100% mobile escrow company, by merging the expertise of the escrow closer with the convenience of a mobile signing company. In today’s real estate world, the time that buyers and sellers have to work on their real estate transaction is in direct competition with all the other things that they need to get done. We have removed the constraints of the standard 8-5 escrow world, so that our timelines match up better with those of our clients. Many other companies try to do this by offering a mobile notary service to their customers. We believe that this signing appointment is too important to be left in the hands of someone who does not have intimate knowledge of the transaction. By merging these services, our customers can expect the expertise of a knowledgeable, licensed escrow closer at their signing with the ease of signing when and where is best for them. With 12 years of experience in this ever changing market, Heidi is able to assess a transaction from the beginning, and then work with the agents and the customers to control any issues that may arise before they start. The goal is to close the transaction as with a minimum of stress and expertise that you can rely on.
Contact Heidi Lloyd at 206-607-8894 or visit Keystonescrow.com
Hello, my name is Chris with WIN Home Inspection.
I own and operate WIN Home Inspection Auburn and WIN Home Inspection Tacoma. We provide home inspection services to clients in the Greater Seattle area. At WIN, we believe that knowledge is power, and our goal is to provide the client with unbiased information you need to Buy or Sell a home with Confidence. Our home inspectors offer a variety of inspection services, all with a complete report and our exclusive Preventive Home Maintenance Guide.
WIN Home Inspection uses all the latest technology, including a thermal imaging camera.
A WIN Pre-listing home inspection provides comprehensive information on the current condition of a home and includes recommendations for property repairs and enhancements to improve the home’s value and marketability. You can work with your real estate agent to either decide which areas to improve before putting the house on the market, or to adjust the sale price to reflect any costs of repairs that would be revealed in a home inspection performed later by a potential home buyer during the contingency process.
WIN offers a number of home inspection services for home buyers, all with a complete report and our exclusive Preventive Home Maintenance Guide.
We provide computer generated reports that explain the issues with your home and support those with color digital photos. We also provide preventive maintenance recommendations.
We are available 7 days per week, morning and night. We have several inspectors on staff so you have flexibility with your schedule.
We are dependable, on time, thorough, and professional. Our goal is to provide Buyers, Sellers, and homeowners with premier service and satisfaction.
Contact Chris Rettkowski at 253-939-1144 or visit WinI.com