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Spokane Market | pricing Blog

Saturday, April 27, 2019   /   by Connie Tracy

Why Should I Hire You as my Agent? PART 1

During the home-buying process, you will collaborate with and speak with your real estate agent more than any other party involved. This person will be your right hand, support system, and, in some cases, your eyes and ears. Most importantly, they will be the expert throughout the home search or home selling process. Find an agent that fits your needs and they'll work for you to find the ideal home at the price point you can afford. 

Not every agent is the same. Take a look at their history of homes sold in the past 6 months to a year. If they have just a few, then you know that this not their number one priority. They may work another job, which may not be in the best interest for you. 

There are typically two agents involved in a transaction. The agents are the buyer's agent who represents the buyer and buyer only. There is also the seller's agent who represents the seller and their property. Both agents work on a commission averaging 3% for each agent. This cos ...

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Saturday, April 27, 2019   /   by Connie Tracy

Why Should I Hire You as my Agent? PART 2

When choosing an agent, they should not only be good listeners, communicate, and be knowledgeable, they should EDUCATE, ADVOCATE, and NEGOTIATE for YOU!

Here are some tips to use while interviewing real estate agents for purchasing and selling homes:

Finding a Quality Agent:

Lender Suggestions: 

You have found a lender. Lenders interact with tons of agents over the years and can usually point buyers in the right direction towards professional agents that provide the BEST customer service and efficient documentation to the lender. TRUST your lender's opinion, especially if the lender is local.

Friends and Family:

Know any friends and family that have recently sold or purchased a home? ASK them for suggestions! They will probably give you the BEST review of an agent and the experience they had with them... whether it was good or bad. 

Check out Reviews:

How do buy online? We look at reviews! I know you are looking at Zillow, Realtor, and Trulia to ...

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Friday, April 26, 2019   /   by Pamela Glende

What is the best time to list your home?

Spring is in the air, the weather is warming, the flowers are blooming, and home shoppers are out looking with great anticipation on finding a home.
If you are considering selling your home, Spring is the perfect time to list. As the weather warms home shoppers have come out of hibernation.
The market is a hot seller’s market with just over a month’s worth of inventory. A balanced market has 5.5 months of inventory. This is a great position to be in as a seller, but not so much as a home buyer because the competition to get their offers accepted is tough. With so little inventory and so many buyers there are plenty of bidding wars going on to get into contract on a home purchase.
My advice to sellers would be to get your home on the market as quickly as possible. The longer you wait the more competition you will have as a seller. The further we get into Spring the more listings we have. Beat the competition by getting your home on the market first.  Chances are if ...

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Thursday, April 25, 2019   /   by Connie Tracy

What is a CMA and How Does this Determine Market Value?

Before putting a home on the market or listing it with a real estate agent, home sellers should get a comparative market analysis, also known as a CMA. This is a free report to tell you how much your home is worth. But before you obtain the CMA, the agent should really come to your house and do a quick walkthrough to see what condition your home is in and any upgrades you may have done. Besides, we want to see what you love so much about your home and find out your long range goals.

The CMA is a report that is put together by looking at a variety of criteria in order to price your home at a fair market value. These reports vary for a two-page list of comparative sales to a 50-page comprehensive guide. Whether it is the 2 page or the 50 page report, it should include the following:

Active Listings: These are homes currently for sale. These listings matter only to the extent that they are your competition for buyers. These homes are not a representation of market value since ...

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Thursday, April 25, 2019   /   by Pamela Glende

Yikes the appraisal for my home just came in low! Is the deal going to fall apart?

It is a strong seller’s market and homes are selling fast. Most homes if priced at market value or slightly below are receiving multiple offers. Currently we have just over a month’s worth of inventory. A balanced market is 5.5 months of inventory. There are more people looking to purchase a home than we have currently for sale on the market. The result is that there is bidding wars on homes.


So, what could happen when you choose an offer on your home which is much higher than market value? If the home doesn’t appraise at the agreed upon purchase price and the appraisal is lower, we have a problem.


These are the things that can be done.


1.You could lower the purchase price to the appraised value.


2. You and the purchaser could meet in the middle. Example the purchase price was $250,000. The home appraised at $240,000. You could reduce the purchase price to $245,000 and the buyer could bring $5,000 to closing from their own funds. Keep in mind tha ...

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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.