#1 Reason to List Your House Now

List Your House Now

April Market Update- "FRENZY" is the word

Pierce  and King Counties continue to be the epicenter of growth in the real estate market.  Pierce and Thurston Counties have now officially exceeded pre-bubble property values.  Watch the following video for more detail...

And here are the numbers in print...

Episode #8 The Open House Chronicles

How Low Supply & High Demand Impacts the Real Estate Market

Some Highlights:

• The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
• Anything under a 6-month supply is a Seller’s Market!
• There has not been a 6-months inventory supply since August 2012!
• Buyer Demand continues to outpace Seller Supply!

In Our Local Market:

 In the Puyallup/South Hill/Graham/Fredrickson area, when I factor in the homes that have PENDING sales on them, we're down to about 3 weeks of inventory. The Absorption Rate (how many homes have sold compared to how many listed for sale) is 118.5% when the PENDING sales are factored in.

Key Take-Away:

It is the perfect time to sell your nice home and buy your Dream Home (upper-end homes are in less demand than Mid-Level and Entry-level housing.)  Entry-Level homes (under $300K) are in the highest demand and are where you will see the greatest gains in equity.

Last-1-Left Open House This Saturday, 3/11/17

I'm hosting a "Last-1-Left" Open House this Saturday from 10:00 AM-2:00 PM.

I highly recommend HC Homes.  The Hebert brothers have a 35+ year reputation here in the Northwest for quality, integrity and craftsmanship.  Their dedicated team is committed to upholding that reputation no matter what price-range they are building in.  Having been in the industry myself for over 30 years, I immediately recognized the high quality they were offering and I know they stand behind their product.

Purchase-Ready... Day One!

What does it mean to be "Buyer Ready- Day One"?  It means many things, not the least of which is to go beyond pre-qualified or pre-approved by a lender and get Certified Mortgage Ready (or pre-underwritten by the lender).

Underwriting is the process a lender goes through to fully approve you for a home loan.  It involves supplying them with all your personal financial data so that they can verify all the information you gave them on the loan application when they pre-approved you.

Having all this done BEFORE you find a home and start the negotiation process can give you a "leg up" on the competition because you can close faster than other buyers and you are more of a "sure bet" in the eyes of a Seller who has to decide (possibly) among numerous offers from multiple prospects.

To learn more about how to gain the competitive edge in a home-buying negotiation and become Buyer Ready- Day One, call me today and schedule a Buyer Consultation.

"If You List It, They ill Come."

Our (State's) Buyer traffic is the Strongest in the Nation (see graphic below) so what's the problem here? No homes for Sale! That's why our CEO and Chairman, J.Lennox Scott saiys, "If you list it, they will come." The truth is, they are already here, buying whatever they can find before interest rates go up again!

The Sales Activity Meter is pegged to "SURGE" as we see Pierce County sales already starting to ramp up.  The overall inventory for the County is 1.1 months.  This varies based on price range and community so contact me if you want to know how your home would factor into this marketplace.

The message I share with anyone planning to sell this year is, "The sooner, The Better."  Top dollar for your home is realized when Preparation meets Opportunity, and the opportunity is fantastic right now!