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By Keeping Current Matters When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price today. But even in a market like we have now, working with an agent to set the right asking price is critical, as pricing it too high or too low could have a negative impact on your final sale. Here’s why. Pricing Your House Right Is Crucial Even in a Sellers’ Market The price you set for your house sends a message to potential buyers. Price it too low and you might raise questions about your home’s condition or lead buyers to assume something is wrong with the property. Not […]
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By Keeping Current Matters When you make a move, you want to sell your house for the highest price possible. That might be why many homeowners are eager to list in today’s sellers’ market. After all, with record-low inventory and high buyer demand, many homes are selling for more than asking price. Data from the National Association of Realtors (NAR) shows 46% of homes are selling above list price today. But even in a market like we have now, working with an agent to set the right asking price is critical, as pricing it too high or too low could have a negative impact on your final sale. Here’s […]
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By Keeping Current Matters The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key areas that are fundamentally defining the market this year. Housing Market Recovery The economy was intentionally put on pause this spring in response to the COVID-19 health crisis. Many aspects of the common real estate transaction were placed on hold at […]
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By Erin, Christina & Sarah The Pacific Northwest is one of the most amazing places in the world! One of the ways we like to enjoy our neck of the woods is by visiting local parks. We curated a list of our favorites and hope that you take the time to discover or rediscover a park you love. Fairgrounds Park: I put Fairgrounds Park on my list because it is pretty close to my house but also usually not very busy. My kids love the play structure, there is a nice big area for walking and the bathrooms are usually […]
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By: Keeping Current Matters As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the pace of a typically busy spring real estate season. Mark Fleming, Chief Economist at First American notes: “As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle.” With many […]
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By Erin Wright & Christina Waterhouse Questions to Ask and Information to Gather Before You Refinance Low interest rates are attracting more and more people to the market, especially those who are looking to refinance their mortgages. Clients have been reaching out to us to ask if they should be refinancing their homes. Our general response is, “it depends”. There are a few questions and pieces of key information you should gather before deciding whether to refinance. 1. What is the difference between your interest rate and current interest rate? A good rule of thumb is for the […]
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By: Keeping Current Matters According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021: “Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.” With […]
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By Erin Wright and Christina Waterhouse The weather is heating up and Clark County is starting to open up. Vancouver has a robust food scene and with many of the restaurants re-opening, it can be hard to know where to start. We wanted to take a moment to highlight a few of our favorite places to go and eat or get a sweet treat. All have excellent options for those with dietary restrictions! Sushi Mo – Fresh sushi is a perfect meal on a hot day! Sushi Mo is our favorite sushi spot and it is located right in […]
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Procedures for Real Estate, How Covid-19 has Changed the Experience of Selling Real Estate By Erin Wright and Christina Waterhouse What challenges do sellers face when putting their house on the market? How can sellers help create a safer environment for showings? This week we continue to focus on the challenges that are currently being faced by buyers and sellers transacting real estate and how our local market has responded to those challenges to make the process safer and easier. The Seller Process During Covid-19 Selling a house is always a stressful time, add a worldwide pandemic and […]
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How Covid-19 has Changed the Experience of Buying Real Estate By Erin Wright and Christina Waterhouse Over the last three weeks, we have explored the economic impacts of Covid-19 on our local Real Estate Market. These next two weeks we will be focusing on the challenges that are currently being faced by buyers and sellers transacting real estate and how our local market has responded to those challenges to make the process safer and easier. The Buyer Process During Covid-19 Implementing the Governor’s Rules Buying a house in the current pandemic has proven to be a bit challenging. There are […]
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How the Current Selling Season Compares to Last Year’s Selling Season By Erin Wright and Christina Waterhouse We have been closely watching our local real estate market since the start of the pandemic. There is a lot of conflicting information about how the market is currently doing. Transactions are happening, but is it business as usual? For this week’s blog topic, we are further looking into how the real estate market is currently performing and how it compares to last year. The quick answer is that we are still in a seller’s market, seeing homes go pending quickly for close […]
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