Check out all homes open today right HERE!
Tired of losing out in multiple offers? Put us to work for you by using our powerful neighborhood knowledge and negotiating skills and get the Seattle WA home you deserve.
Call, text or email us today!
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
Last week, we reported on the lack of housing supply and how that was impacting the real estate market. Today, we want to let you know what other industry experts are saying.
Daren Blomquist, RealtyTrac Vice President:
“It’s kind of a seesaw right now between supply and demand. One of the reasons for fewer sales is not so much a lack of demand but a lack of supply, especially in the price range the majority of buyers were looking for.”
Diana Olick, CNBC’s Realty Check:
“Total sales are still running below expectations for the year. Don't blame winter weather, though. Blame the lack of supply.”
Bill McBride, Founder of Calculated Risk:
“Inventory is still very low (down 0.5% year-over-year in February). This will be important to watch over the next month at the start of the spring buying season.”
Lawrence Yun, Chief Economist at the National Association of Realtors:
“Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels. Stronger price growth is a boon for homeowners looking to build additional equity.”
“The National Housing Trend Report shows that inventory has decreased 10.9 percent year over year.”
“Tight inventory is a main reason the ball is still in the sellers' court.”
Bill Banfield, VP of Quicken Loans:
“We’re a bit low on the supply-side which could force prices up for buyers, further hammering home that we’re in a seller’s market.”
If you are debating putting your home on the market this year, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact us today to get the process started!
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
Seattle's Blue ridge neighborhood continues to be a popular area for home buyer's.
Check out Ballard's recent real estate stats right here!
Our Ultimate Home
Selling System Sells Homes!
We take the marketing of selling your home seriously, in 2014 we sold every Seattle home we listed. Let us help you sell your home this year. After all, there is more to selling a home and planting a sign in the yard.
Your home may be your single biggest investment and one of the largest financial transactions you’ll ever make. So when you sell, you want to get the best price and the most favorable terms, in the shortest amount of time.
There are many marketing options, legalities and details that go into the sale. Our role is to represent every aspect of the transaction, from the time you set the price to the successful closing of your home.
As a Certified Results Agent™, take advantage of our innovative Ultimate Home Selling System. Our full service marketing strategy includes marketing your home in a variety of ways most full service brokers don’t use. Below is just a partial list of what we do!
|
Custom Home Website |
Selling Broker Offer Packet On-Line |
|---|---|
|
Broker Open House Event |
|
|
Full Color 11”x17” Home Brochure |
Settlement Review |
|
Special Features Cards |
Attend Seller Signing |
|
Financing Flyer with Loan Options |
Moving Link Concierge Program |
|
Pre-Inspection Business Model |
Home Sale Preparation Coordination |
|
Internet Listing Syndication |
|
|
Offer Review Strategy |
Recognized & Respected Windermere Sign |
|
Professional Home Staging for Vacant Homes |
Largest Market Share in Western Washington |
As the temperature rises, buyers are coming out ready to purchase their dream home. Inventory is still below historic numbers and demand is strong. Don’t miss out on this great opportunity for you and your family.
Here are five reasons to list your home now.
Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are more prospective purchasers currently looking at homes than at any other time in the last 12 months which includes last spring’s buyers’ market. These buyers are ready, willing and able to purchase… and are in the market right now!
Take advantage of the buyer activity currently in the market.
Housing supply just dropped to 4.6 months, which is under the 6 months’ supply that is needed for a normal housing market. This means, in many areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.
There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market in the near future.
Also, new construction of single-family homes is again beginning to increase. A study by Harris Poll revealed that 41% of buyers would prefer to buy a new home while only 21% prefer an existing home (38% had no preference).
The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.
One of the biggest challenges of the housing market in recent times has been the length of time it takes from contract to closing. Banks are requiring more and more paperwork before approving a mortgage. As the market heats up, banks will be inundated with loan inquiries causing closing timelines to lengthen. Selling now will make the process quicker & simpler.
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 19.3% from now to 2019. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30-year housing expense with an interest rate under 4% right now. Rates are projected to increase by about three quarters of a percent by the end of 2015.
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to the questions above. You have the power to take back control of the situation by putting your home on the market. Perhaps, the time has come for you and your family to move on and start living the life you desire.
That is what is truly important.When you are ready to sell your Seattle WA area home, put our Ultimate Home Selling System to work for you!
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
206-769-9577
stevehill@windermere.com
BrennerHill..com
BrennerHillReviews.com
The 30-year fixed mortgage interest rate is currently still below 4%. Many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year, believing they still have time to lock in a low rate.
If you look at what the experts are predicting over the course of the next 12 months, it may make the decision for you.
Even an increase of half a percentage point can put a dent in your family’s net worth.
The monthly payment (principal & interest only) on a $250,000 home today, with the current 3.86% interest rate would be $1,173.
If we take that same home a year later, the Home Price Expectation Survey projects that prices will rise about 4.4% making that home cost $11,000 more at $261,000.
If we take Freddie Mac’s rate projection of 4.7%, the monthly mortgage payment climbs to $1,354.
Some buyers might not think that an extra $181 a month is that bad. But over the course of 30-year mortgage you have spent an additional $65,160 by waiting a year.
If you are considering a home purchase in Seattle, check out all of the homes availble in Seattle WA favorite neighborhoods right HERE.
Put our experience and negotiating skills to work for you. Discount brokerages don't offer the same level of personalized service as us. We are with you every step of the way! Check out our reviews at BrennerHillReviews.com.
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.” Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons:
While the majority of Americans (74%) will move within their home state, for the 26% planning to call a new state home, it is important to know that prices in each state are appreciating at different rates and waiting to buy or sell your home could cost you more in the long run. The map below was created using the FHFA’s latest Home Price Index and shows year-over-year price gains in each state. Bottom LineIf your plan for 2015 includes relocating to a new state, let us get you in touch with a local real estate professional in that area who can help you find the best fit for you and your family’s needs. As Windermere Relocation Specialists, we can assist you if you are moving across town or around the world. Moving into or out of the Seattle metro area? Give us a call, we represent both buyers and sellers in this beautiful area we call home. Useful Home Buying and Selling Information at: SeattleFreeHomeInfo.com
What Is Your Seattle WA Area Home Worth? Find Out Here for Free! SeattleWaHouseValues.com
STEVE HILL and SANDRA BRENNER | Broker | REALTOR®
SEATTLE – NORTHWEST
DIRECT/TEXT 206-769-9577
|
That headline might be a little aggressive. However, as the data on the 2015 housing market begins to roll in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!
We realize that existing home sales stumbled in January compared to December. But, if we compare the current September-January time period to the same period a year ago, we can see that existing home sales have outpaced last year every month with the January sales numbers 200,000 homes greater than last January:
Pending home sales (houses going into a contract) as reported by the National Association of Realtors have also done much better in the last five months compared to a year earlier:
And, buyer demand is continuing to skyrocket:
At the same time, the amount of housing inventory coming to the market compared to last year is plummeting:
With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Call us today to see whether that is the case in your neighborhood.
Steve Hill and Sandra Brenner
SEATTLE-NORTHWEST
Windermere Real Estate
206-769-9577
stevehill@windermere.com
BrennerHill..com
BrennerHillReviews.com
Facebook
X
Pinterest
Copy Link
![Home Prices over 30 Years [INFOGRAPHIC] | Keeping Current Matters](http://www.keepingcurrentmatters.com/wp-content/uploads/2015/03/Home-Prices-over-30-Years.jpg)
