Tuesday, October 15, 2019 / by Ariadne Gold
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 ...
Monday, August 26, 2019 / by Dixie Simon
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.
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 ...
Friday, July 26, 2019 / by Dixie Simon
Perhaps you have expanded beyond your current living space, or you would like to move into a different-better neighborhood. Maybe you want to move closer to your work…whatever the reason, there are a few things to do before the “For Sale” sign goes live:
To begin with, you need to look at the principal balance on your current home. You must also figure in all costs associated with selling your home such as; repairs, your closing costs which can be average 8-10% of the sale price of your home and the expense of the move itself.
Reviewing Market Conditions
Evaluate your local market conditions. You are assessing the market to include the current inventory of homes for sale, the recent successful transactions, and housing prices in general. Are homes moving fast in your area? Are you prepared to move quickly should the opportunity present itself to do so? The most helpful tool in this step is to work with an Expe ...
Monday, July 1, 2019 / by Jody Lee
Regular house-hunting isn't always easy, but adding distance into the mix can present challenges you don't have when looking over a few neighborhoods for a new home. While it may not be a walk in the park to buy a home from far away, it is possible. If you find a great agent and follow these steps, you can take away some of the stress that comes with moving long-distance.
1. Start Your Research
Knowing what is in your neighborhood is something we tend to take for granted. You know where the best sushi place is and exactly what grocery store is closest to your home for those last-minute runs. When moving to a new neighborhood, especially in a new state, it is key to decide what is important to you when it comes to proximity. Does your new house need to be near a park for your kids? Do you need to be 5 minutes from the closest coffee shop? You'll also want to look into crime rates and school ratings if you have children. Researching your potential neighborhoods will help you feel bette ...