Representing buyers is a battle... For instance, a home in northwest Seattle was listed for $599,999 on January 5th with an offer review date of January 11th. The seller was expecting 4 offers that were going to escalate into the $665,000 to $675,000 range. A physician that did not want to compete with other potential buyers submitted an offer without inspection contingencies well before the due date for $700,000 (with 20% down). The seller decided to go with this offer before the offer review due date of January 11th.
Increasing Real Estate Prices
Real estate prices are not expected to decrease anytime in the future. Seattle is expected to see tremendous job growth this year as companies such as Facebook, Amazon, Google, Microsoft, and Starbucks continue to expand their domain within our city limits.
While this rapid expansion of Seattle’s job market is changing our economy, it is also creating a void in our housing market; there is a limited supply of homes and land. This is ultimately leading to higher home prices, a trend that is expected to continue through 2017.
The Time Is Now
According to a recent article by Forbes, Seattle is the 4th best city to invest in for 2017 with a predicted 3-year price growth forecast of 26% which is substantially higher than the national average of 17%.
To read more, please visit: Forbes | Where To Invest In Housing In 2017
This is the perfect time to consider your options as a buyer, whether you are in the market to find your dream home or the perfect investment property.
I fully understand that the housing market can be a stressful place for buyers and can be discouraging as there is currently intense competition for those searching for properties in Seattle.
As a top-producing real estate broker for over a decade, I would be happy to guide you through this process and ensure that you find a property that you will love. I’m able to provide responsive, personalized service that exceeds expectation and results in relationships that last beyond closing.
Please contact me here and together we will find your dream property.