News blog for Seattle's Fremont neighborhood

 

Rain, rain ain’t keeping home buyers away

By Sara · March 17th, 2013 · 3 Comments

(This is a sponsored story by John Madrid, Managing Broker with John L. Scott Real Estate).

It continues to be a seller’s market in Northwest Seattle including Ballard, Fremont, Greenwood, Phinney and Wallingford neighborhoods where there is a little over one a month supply of single-family home inventory. If you are a fortunate home seller expect to see a lot of open house traffic, buyer “love letters” and possibly multiple offers if your home is located in a popular neighborhood and is competitively priced.

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And what to do if you are a home buyer? First, get your financial ducks in-a-row by getting preapproved by a local lender who is available in the evenings and on weekends.  Second, try to get out to see homes before the weekend which will give you more time to line-up pre-inspections if offers aren’t being reviewed for a few days.  Third, reduce the number of contingencies within your comfort level. Finally, write that love letter even if it’s just a short paragraph in addition to a summary of your offers terms. Don’t go overboard but in this market it just may help you stand out from the pack.

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More info on other Seattle neighborhoods can be found at http://www.live206.com/seattle-area-market-update-c21537.html

John Madrid is a Managing Broker with John L. Scott Real Estate – University Village and is a 2005-2012 Seattle Magazine “Five Star” Agent. His clients include both home buyers and sellers. He can be reached at 206-498-1880, john@live206.com or www.live206.com.

 

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  • Dave

    Two real stories. One sponsored one. Two real stories. One sponsored one. I know you have to pay the bills, but this is ridiculous. Either put some effort into the blog or just give and up and call it the real estate guy wants to sell your house blog.

  • stin

    this blog is dad

  • Bullfinch

    Who runs this blog anymore? I'm sure there are plenty of folks who would be willing to take it on. This is ridiculous and not news.




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