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Buying And Selling A Home | pricing Blog

Tuesday, October 15, 2019   /   by Ariadne Gold

Market update for the week of October 6th, 2019

With all of the talk about an early winter (we had snow before it was even October!), I know a lot of people are wondering what the real estate market looks like right now.
Here are the facts. We are currently at 1.2 months of inventory, compared to 3 months of inventory in October of last year. This means that if no more new homes entered the market, the current homes would sell in about 1.2 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. 1.2 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 163 new homes come on the market this week, and 774 homes sold in the last 30 days. The average days on market is about 25, compared to about 50 in October of last year. The average list price vs sold price is sligh ...

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Monday, August 26, 2019   /   by Dixie Simon

Don't Sweat the Small Stuff When Buying a Home

If you’re on the home-buying journey for the first time or the first time in a long time, you may have the image of the “perfect” home in mind — every wall a color you love, the best flooring, and the perfect backyard. While there’s a chance you may find your dream house, it is more likely that you’ll find that house with a few exceptions. So where should you draw the line? Are there things you should ignore if the price and location are right? The answer is yes! There are some things you can ignore while home shopping if, it means checking the rest of your boxes. Here are some of the things you can overlook if you are considering making an offer on a home that has the perfect location or layout.



WEIRD CARPET/WALLPAPER
While it may be tempting to wait for a home with new carpet or freshly painted white walls, overlooking old carpet or vibrant wallpaper can help you get your otherwise dream-home. Replacing the carpet or painting the walls do ...

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Sunday, May 26, 2019   /   by Connie Tracy

My Appraisal Came in Below the Negotiated Price! Now What?

You have been searching for a home for months and finally got an offer accepted and then....the house doesn't appraise for the negotiated price. 


Now what?

TAKE A DEEP BREATH

It can be heart wrenching for the buyer and seller if the deal falls apart because of the appraisal. Low appraisals happen more often than you might think, especially in rising markets. 
Sometimes there are not enough comparable sales applicable to the home you want, or maybe distressed sales have conflicted with the appraisal. 

Generally, lenders will only lend funds up to a certain percentage of the appraised value. If the appraisal is lower than your offer, you may need to come up with more cash.. but there are other options.

1. Look over the appraisal contingency in your contract.

The appraisal contingency clause built into the contract allows you to reevaluate the situation or renegotiate if needed. But sometimes, even with this clause, you may end up spending more or j ...

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Sunday, May 26, 2019   /   by Connie Tracy

Make Your Home Stand Out Amongst the Rest!

May is coming to an end, schools are almost out, and summer officially begins! That means one thing... home selling season is HERE! With the kids home from school and vacations are planned, both buyers and sellers are ready to enter the market as the weather heats up. So now that the season is here, what do you do to make your home stand out amongst the rest? Here are a few tips to make sure you catch the eye of potential buyers during the busy season!

1. Tour Other For-Sale Homes

Go ahead and check out other homes that are similar to yours. Open houses are the BEST way to see what the competition may be for your home. As you are preparing to list, use these tours to see what decor and design-types are attractive to you and potential buyers. If you see things that you do not like yourself, remove them from your own home if you have them. Sometimes stepping out of the box, or in your case, your own home, will allow you to look at your home through the eyes of a potential home ...

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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201
509-590-4701

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIMLS The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Haven Real Estate Group are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haven Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Copyright 2019 of the Spokane Association of REALTORS® MLS. All rights reserved.