(This is a sponsored story written 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-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.
And what to do if you are a home buyer? First, get your financial ducks in a row by getting pre-approved 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 offer’s terms. Don’t go overboard, but in this market it just may help you stand out from the pack.
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, firstname.lastname@example.org or www.live206.com.
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