April, 2021 RSS Icon
Found 7 entries for April, 2021.

WHAT IS BUYER FATIGUE?

We are currently experiencing a hypercompetitive seller’s market with low inventory and many active buyers. This quickly spirals potential homebuyers into the frustrating realm of buyer fatigue. Buyer fatigue refers to buyers who have seen so many properties, written too many unsuccessful offers, and are flat out exhausted with the buying process. Searching for the dream home can be an exhaustive undertaking and when you are losing out time and time again you start to feel like you will never win a bid.

Conversely, while all of this is great news for sellers because it means an increased sale price and shortened transaction time, it can be overwhelming for Listing agents and homeowners as well. Sellers and agents having to

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Seattle area prices are surging.

Median prices system-wide surged 19.5% compared to a year ago. Statistics show a 55.9% decline in total active listings, shrinking from 9,418 at the end of March 2020 to 4,153 at month end March 2021.

The resulting lack of inventory combined with area job growth has created a market where double-digit price hikes were widespread. In fact, mutually accepted offers surged 40.6% compared to February with Seattle/Bellevue region now ranks #1 in technology office space leases, eclipsing San Francisco.

In a market like this you need more than an agent to just stick a sign in the yard. You need a detailed marketing plan that’s going to get

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We’ve all heard anecdotes of housing shortages and ridiculous all-cash offers.

The logical conclusion for many prognosticators is to call this yet another housing bubble.

I don’t think this is the case. Here’s why:

There are more credit-worthy borrowers. Yes, housing prices are rising at a rapid clip, but this is nothing like the subprime crisis. Just look at the credit scores for mortgage originations:

 

Loans are mostly being made to those with high credit scores and sizable down payments, the exact opposite of the subprime housing boom.

According to the Wall Street Journal, mortgage credit availability is near its lowest point since 2014. This means the banks pulling back on lending or households pulling back because they have

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The Cascade Team is proud to present a “Double Header Open House Weekend” for the Trossachs of Sammamish. From 1:00 until 4:00 this Saturday April the 10th come by and view these amazing homes.

Due to Covid restrictions we will be limiting the number of people in the home at any given time to two groups (Not to exceed 10 people). Agent appointments will be allowed every 15 minutes throughout the weekend with the exception of the Open House times.

Offers will be reviewed on Monday afternoon. If you have any questions or would like to view on of these properties, please call or text 425-891-7447

26568 SE 15th St, Sammamish

Listed at $1,999,999.

4 Bedrooms, Bonus Room, Office, Additional Office/Sitting room off Master, 3 Fireplaces, A/C

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  •          Double-digit price hikes were widespread.
  •          Mutually accepted offers surge 40.6% compared to February.
  •          The drop in the number of active listings between now and last year is extraordinary.
  •          Statistics show a 55.9% decline in total active listings, shrinking from 9,418 at the end of March 2020 to 4,153 at month end March 2021.
  •          Seattle/Bellevue region now ranks #1 in technology office space leases, eclipsing San Francisco
  •          Median prices system-wide surged 19.5% compared to a year ago.

KIRKLAND, Washington (April 7, 2021) – Brokers with Northwest Multiple Listing Service (NWMLS) added 10,562 new listings to inventory during March -- the highest volume since September when they

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There are currently eight (8) licensed real estate agents in the greater Seattle area for every (1) house available to sell. With nearly 33,000 licensed real estate agents in Western Washington, the current total number of listings as of March 23rd, 2021 including residential, condominium, and even mobile homes are only 4394.

With Nearly 8 Agents for Every 1 Listing, What Are YOU Doing to Stand Out? The Cascade Team can Help!

As New Agents Pile Into Hot Housing Market. Most Find It Tough Going.

The red-hot housing market has achieved a number of milestones this past year. Perhaps the most telling is this: There are more real-estate agents than homes for sale. Currently in the Pacific NW that number is a staggering 8 to 1 ratio (Being 8 agents

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I am very happy to announce the publication of my first non-fiction book: Suck-It! Cary Porter’s Guide to Real Estate Greatness.

With over 20 years’ experience in the real estate industry I’ve seen, been involved in, or helped agents through almost every type of deal and dilemma. We’ve had balanced markets, Buyers markets, Seller’s markets, the crash of 2007 and the craziness of today…. And through it all, when all else fails, it falls back to two little yet very impactful words: Suck It!

Inside you’ll find great real-life stories like this:

The Curmudgeon

An old man walked into our real estate office and approached one of our newer agents.

“What’s your name, sonny boy?”

“Hi, my name’s Jeff, and I’d love to—”

“Listen here Jeff, I

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