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Negotiation | pricing Blog

Friday, November 15, 2019   /   by Elizabeth Sorensen

Spokane Real Estate Weekly Market Update ~ November 15, 2019

Home prices have been slowly increasing over the past year. According to the most recent Home Price Index Report from CoreLogic, national home prices jumped a steady 3.2 percent from June 2018 to June 2019—and it looks like that trend is going to increase. According to the report, home prices are projected to increase another 5.2 percent by June 2020.



So, what does that look like in actual prices? Let’s say you purchased your house in June 2018 for $300,000. If your home value increased along with national trends, today, your home would be worth $309,600—an increase of $9600. And if your home value increases according to next year’s projections, by June 2020, your home will have a price tag of $325,699—an impressive increase of $16,099.



How does that compare with our local Spokane real estate market? The median closed sales price for October 2019 was $265,000, up 10.4% from last October in 2018. Of course the overall increases varied dependin ...

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Friday, November 15, 2019   /   by Elizabeth Sorensen

4 Myths To Get Over Fast When Selling Your Home!

In this DIY-age, it is easy to want to do everything by yourself. Saving money is great, and there are so many things today that we can do on our own after a simple Google search and a YouTube video or two. While sometimes doing it yourself saves you a few dollars, that isn’t  always the case when selling your home. 



When looking at it from the outside, the For Sale By Owner option, or FSBO, may seem great. With a standard Realtor commission of 5-6%, wouldn’t it make sense to save yourself that money? Think again. In most cases, people choosing to take the FSBO route end up losing more than that when they try to sell on their own. Here are a few reasons to consider forgoing FSBO and hiring an agent. 




1. Keeping emotions out can be difficult



Your home typically means something to you. It is where you’ve created memories. Because of that, it can be difficult to remove your emotions from a sale. Agents are there to be a mediator for ...

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Monday, November 11, 2019   /   by Kylene Emery

What is a seller's market?

What is it?  Is Spokane in one?  What does that mean for you?  


Well Spokane is most definitely in a seller’s market right now, particularly in the case of houses under $400K! We are seeing a market slow down right now because we are heading into the winter months, but we still have more buyers than we do houses.  Starting February 1st, they market will be in full swing again!


So, what is a seller’s market?  A seller’s market is a market where demand exceeds supply, or there are more buyers seeking to purchase homes than there are available on the market.  This often leads to multiple buyers interested in a single property, resulting in bidding wars.  In the Spokane market, this is particularly true with houses in the under $250k price point.   A seller’s market is a fantastic time to sell your home as you could secure a sale price that’s higher than your li ...

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Friday, November 8, 2019   /   by Ariadne Gold

How Can I Sell My House Quickly?

If you’ve decided to sell your house, you’re probably wondering how to ensure that it sells quickly so that you can move on to your next adventure!


 
The first thing to remember is that the two things that drive home sales are price, and condition.  So correct pricing and ensuring that your home is in good condition are very important!


 
1.       Price


If you’ve already listed, or are about to list, your home, you should have had a comparative market analysis done by a local Realtor.  It’s important to price your home at or below market value.  You don’t want to list too much below market value, because that will cause buyers to wonder what is wrong with your home. However, listing $5-10,000 below market value is a great strategy for causing a bidding war and getting an eventual sale price above your list price. People notice a good deal, and will be more likely to pay more if t ...

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Friday, November 8, 2019   /   by Elizabeth Sorensen

How to Sell and Make Sure You Don’t End Up Homeless!

Are you afraid of becoming homeless??

It is unnerving to list your home for sale when you have no guarantees that you’ll find your next home in time. You know that in this market, your home will sell quickly, but finding a home is another story! What if you sign a contract with a buyer to sell your home but you just can’t find the one that you’re looking for??

You are not alone- many buyers in this hot sellers market find themselves in the exact same situation.


You could use a bridge loan or a home equity line of credit to avoid the pitfalls of selling before finding your next home, BUT you run the risk of paying two mortgages at once. Yikes!!


Or should you sell first then buy once you have the funds in your little fist?? Likely in this scenario you would be homeless for awhile and need to stay in your parents basement.
 
The best option for you depends on a lot of factors. You’ll want to think about your timeline, your financial situatio ...

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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.