10 December 2010

From the Realtor ~ Observations from the Field

Smart Buyers.  A good home is hard to find, so when “the” home came on out-of-the-blue, as they oftentimes do these days, my clients moved quickly, wrote a smart and professional offer, responded to a competing offer, and got the home of their dreams.

Smart Sellers.  My clients made an offer on a fine but under-the-radar Tudor.  The sellers had made routine price drops, but had just not found their buyer.  When we came in 5% off their list price, they countered back nearly at our price.  When a $2500 sewer line issue was detected, they responded quickly to remedy the situation.  When we asked for monetary compensation for a range of fix-it items, they promptly signed off on the inspection, moving the transaction toward closing.

Prices Up in Seattle Residential Market in ‘10.  Whenever you read real estate statistics, remember that old adage, “All real estate is local”.  Residential home values (including town homes but not condos) in Seattle neighborhoods have increased over 2009 in 10 of 11 months.

Source:  Northwest Multiple Listing Service