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Found 7 entries for April, 2020.

Courtesy of Keeping Current Matters

 

What Impact Might COVID-19 Have on Home Values? | MyKCM

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.

The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item.

In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a buyers’ market, with downward pressure on prices. Anything under six months would indicate a sellers’ market, which

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Recession? Yes. Housing Crash? No.

Recession? Yes. Housing Crash? No. | MyKCM

With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market?

What is a recession?

According to the National Bureau of Economic Research:

“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”

COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the

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Everyone these days is spending lots of time cleaning out closets, organizing and purging as we are staying home. If a possible move is in your future, this is a great time to get those items on your list checked off and tackle some of the suggestions below.  Investing time in these projects will make your house shine when it goes on the market.

What You Can Do to Get Your House Ready to Sell | MyKCM
Courtesy of Keeping Current Matters

Some Highlights:

  • Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store.
  • Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life.
  • Tackling small projects from cleaning the corners you may normally skip to tidying up your yard
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Courtesy of Keeping Current Matters

What You Can Do to Get Your House Ready to Sell | MyKCM

Some Highlights:

  • Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store.
  • Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life.
  • Tackling small projects from cleaning the corners you may normally skip to tidying up your yard are easy and necessary wins if you’re thinking of listing your house and making a move.
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Real estate will boom once coronavirus threat is gone -- Go ahead, put your house on the market

By Rogers Healy FOX Business

The stigma that has been historically associated with a home's "days on market," as it relates to home sales is soon to be a thing of the past.

The real estate market is definitely not operating in a traditional manner during the coronavirus pandemic but real estate professionals have been working behind the scenes to ensure that the industry remains a safe haven amidst an upside-down world.

There are still an incredibly large amount of unknowns out there but we are doing our best to operate after the shocking developments that came in March.

For people who have been considering selling, it might not be necessary

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photo courtesy of City of Sammamish

Do you have your alternate routes planned out?

Project Update:

  • ROAD CLOSURE is scheduled to begin on APRIL 13th, 2020.
  • For the week of APRIL 13th to APRIL 18th, the roadway will be closed between 245th LN SE and Klahanie Blvd. Local access will be allowed.
  • The following week , starting APRIL 20th, 2020 the long term Road closure between 247th PL SE and Klahanie Blvd will be in place.
  • The intersections at 247th PL SE and Klahanie Blvd will be converted to stop control with stop sign. The existing signals are to be removed.
  • The road closure is expected to last until the end of DECEMBER 2020.
  • Est. August 2021 - END CONSTRUCTION

 

 

 

 

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While many of us are hunkering down there are those among us who find themselves in a position where they need to enter the Real Estate Market as either a Buyer or a Seller. Job changes, lifestyle changes and/or financial changes typically make this necessary and right now that can be a scary process. Entering someone elses home or allowing strangers to enter your home causes a variety of concerns that are all very valid. 

These measures are in place to protect Buyers, Sellers and Properties during this time:

  • Open Houses are not permitted at this time.
  • All Showings are by appointment only.
  • There cannot be any overlapping showings.
  • Only Pre-Qualified Buyers ready to make an offer on the right home are permitted to tour.
  • Only 2
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