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Tips from The Cascade Team Agents

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Buyers Pour into the Housing Market Amidst Rising Mortgage Rates

Just two weeks ago we predicted that January would be a competitive month as buyers rush to find a home before mortgage rates climb—and that's exactly what we're seeing.

Prices surged last week 16% over 2021, kicking off what could be the most competitive month in housing history.

You can find our full report in this week's housing market update. 

Projections are homes listed by March and closing in April will see the maximum number of bidding wars and escalating prices.

According to NWMLS, despite historically low inventory levels, home sales in the Central Puget Sound region increased to levels not seen since 2006, with Pierce and Kitsap counties seeing the most sales

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With very little inventory in the market right now, why bother thinking about what the seller would need to do to make sure they are attracting buyers. 

 

Wrong!!

 

With Spring just around the corner, more homes will be coming on the market, and you want your house to stand out. The very first thing a buyer sees is the overall CURB APPEAL. "These two words that matter more than any others when you're listing a home," says Apartment Therapy.

 

It's very important to make sure that a buyer walks up and into your house and instantly gets a great impression. A buyer's first impression sets a huge tone for the buyer's overall experience. 

 

In a blog that I wrote last June, I expressed the importance of Curb Appeal (How beneficial

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  •          Year-over-year inventory, pending sales, and closed sales all fell by double digits. Only prices rose – up 17.4% overall!
  •          We will experience strong demand and very active home sales in 2022
  •          Available inventory “Drastically low.”
  •          Smart buyers are making their best offers using pre-inspections, family support, bridge loans, leveraging 401(k) accounts, and other resources

KIRKLAND, Washington (January 6, 2022) – Severe shortages of inventory, record-low temperatures and snow restrained December housing activity around Washington state beyond expected seasonal slowdowns, according to a new report from Northwest Multiple Listing Service.

Summary statistics from the MLS show the volume of new listings

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Here is your chance to be part of an innovative Real Estate Brokerage that's changing how things are done!

  • Issaquah, WA
  • Full-time
  • Salary: $18.00 to $20.00 /hour

Transaction Duties:

Create Files for New Transactions: Read through contracts and file; ensuring we have mutually signed contracts, and all forms relating to the transaction. Creates commission disbursement forms.

Escrow Duties: Open escrow and assists with communication between agents, escrow, and The Cascade Team; ensuring Escrow receives all pertinent forms for each transaction.

Time Frames and Deadlines: A real estate Transaction Coordinator's job includes paying attention to deadlines for items such as earnest money, inspections, and other related deadlines.

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Housing Inventory Grinch Means No Seasonal Holiday Slowdown for Area Housing Market

  •          Eastside and Southeast King County map areas, prices jumped more than 26% from a year ago
  •          King County inventory down 90% from 2010
  •          Overall prices rose a little more than 15%.
  •          Area wide inventory down 29% from a year ago
  •          Homes are coming off the market faster than they are coming on.

KIRKLAND, Washington (December 6, 2021) – Historically soggy weather and the onset of holidays did not deter thousands of buyers and sellers during November, based on the latest report from Northwest Multiple Listing Service. Numbers for new listings, pending sales, and closed sales were comparable to year-ago totals,

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As we careen at warp speed from Thanksgiving, Christmas, and all of the joyous (read: stressful) festivities in between, you might be tempted to take your home off the market—or hold off on listing it—until after the new year. After all, you’re swamped with cooking, shopping, and decorating, and the last thing you need is a bunch of potential buyers traipsing through your house, right?

Wrong!

In fact, there are plenty of homes listed around the holidays that may command more money, especially if the inventory is limited. If you play your cards right, you may even be able to sell your home quicker than ones listed in the spring. One of the reasons is the lack of competition during the holidays. There are so many different reasons why people won’t

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As we careen at warp speed from Thanksgiving, Christmas, and all of the joyous (read: stressful) festivities in between, you might be tempted to take your home off the market—or hold off on listing it—until after the new year. After all, you’re swamped with cooking, shopping, and decorating, and the last thing you need is a bunch of potential buyers traipsing through your house, right?

Wrong!

In fact, there are plenty of homes listed around the holidays that may command more money, especially if the inventory is limited. If you play your cards right, you may even be able to sell your home quicker than ones listed in the spring. One of the reasons is the lack of competition during the holidays. There are so many different reasons why people won’t

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  •          “As the weather cools, the housing market intensity heats up for each new listing,”
  •          Only 3 Weeks of Housing supply remain market wide!

As the air turns cool and winter approaches, we are approaching our seasonal low in inventory. Each year, as the year closes out, potential home sellers wait until the new year to put their homes on the market. In reality, a home listed now will have higher viewership since the buyer pool has not gone down. With the pace of this market a correctly priced home offered now would probably be off the market by Thanksgiving, allowing the seller to have a quiet holiday.

Nearly half of seller’s plan to put their homes up for sale within the next six months, according to a recent Realtor.com®

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It's official: famous haunted houses and homes used in horror films sell for much more than their neighbors!

If you live in a house with a reputation for being haunted, you may, understandably, think that potential buyers may be put off it. And yet, recent research* shows that anything but is the case.

It turns out that if you live in a home that’s known for being haunted or even just a house that has an association with a famous horror film, you may not need much property advice for selling it – it is guaranteed to be in demand, and sell for more than other comparable properties in the area.

According to new research, buyers will pay more money for a haunted house or for homes that have been made famous by appearing in horror movies. In

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Would you buy a haunted house? According to a recent poll that’s been released by Real Estate Witch, 73% of Americans said that they would at least consider it. The recent poll surveyed a total of 1,000 Americans who were asked 20 questions regarding their paranormal experiences, what they prefer when buying a home, etc…

WHAT’S SCARIER THAN LIVING IN A HAUNTED HOUSE?

Among people who believe in the supernatural, 44% say paranormal activity has increased since the pandemic began — yet more than half of Americans say problems such as mold or foundation issues are still scarier than living in a haunted house.

As Americans plan their Halloween costumes and indulge in scary movie marathons this October, many sense a ghostly chill in the air. 

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