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  • Home sellers throughout the Seattle region are experiencing a reality check and the days of multiple offers are days of the past.

  • In Seattle and King County supply is at the highest level since first quarter 2015.

  • Gone: Seller luxuries like offer review dates, pre-inspections, and escalation clauses.

  • King County Housing inventory has doubled since March!

  • Seattle is experiencing a self-corrective shift in the market.

  • Many sellers are reaching for their dictionaries to understand the words ‘price reduction’ and ‘increased market time.’”

 

KIRKLAND, Washington (August 6, 2018) – “Home sellers throughout the Seattle region are
experiencing a reality check and the days of multiple offers…

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Seattle has been arguably one of the hottest housing markets in America, with home prices rising annually by double digits fueled by scorching demand. There is, however, one outside force that is starting to throw cold water on all that heat: new weakness from once-intense Chinese buyers.

The Pacific Northwest city has been one of the greatest beneficiaries of the recent wave of Chinese buyers of U.S. real estate. Both Chinese investors and families hoping to send their kids to American universities have fueled demand for housing in Seattle, which has long enjoyed a strong Asian culture.

In just the last two years, that demand increased dramatically. In 2016, nearby Canadian city Vancouver slapped a 25 percent tax on international homebuyers in…

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I personally remember moving to the Seattle area in the late 90’s and marveling at how the Summers NEVER got too hot! Who needs air conditioning out here in the Pacific NW? I was from the Southeast where it literally only cooled down to mid to high 80’s at night and the humidity made the air feel like a warm wet blanket most of the time…

Now flash forward and I freely admit that I have climatized and my wife and I have had A/C in our home for the past seven years and I use it all the time! 

Still, when it comes to A/C, most people living the Puget Sound area have the same almost reflexive response — “It only gets really hot for a few days, so who need air-conditioning?” — which is why as a whole homes in our area of the country only have A/C at…

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32 percent of homes across the greater Seattle region had price drops last month, up from 27 percent a year ago and the highest for any June since the end of the housing bust in 2011.

In a nut shell, what a difference a couple of months can make for the local housing market…. We have now gone from bidding wars to price reductions in what seems like the blink of an eye.

So, what’s changed?

The Seattle area and most of Western Washington as a whole has seen the largest home price increases in the country for the last 20 months in a row according to Case-Shiller data. Currently the median house price in Seattle is at $812,500 and on the Eastside the median home price has reached $978,000. All of this has lead to a point where record-high home…

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We are very happy to announce that The Cascade Team has now entered the Indianapolis area market. Indianapolis will be managed by Paul and Nancy Schulte. Paul and Nancy have worked for FC Tucker the largest Brokerage in Indiana for the past several years and have a wealth of experience. Our office will be located in Carmel Indiana which an affluent suburb of Indianapolis similar with “Eastside” around Seattle on Scottsdale in Phoenix.

We are very excited about this opportunity and happily welcome Paul and Nancy to The Cascade Team family

Indianapolis

Indianapolis is the capital and most populous city of the U.S. state of Indiana and the seat of Marion County. As of 2017, Indianapolis is the third most populous city in the American Midwest…

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Isn't a balanced market great!! Wonderful job everyone!!

You can check out all of our Featured Listings HERE

After months of scarce inventory and buyers being frustrated it's wonderful to have a balance where Sellers can still sell for a good price and Buyers can buy without feeling like they are going to "War" to win every property they are interested in. This week The Cascade Team listed 25 New Homes for sale, AND closed 25 transactions for happy Buyers!

Real Estate Success in a Balanced Real Estate Market (Buyers/Sellers/ & Agents)

The Cascade Team provides a full service experience that is a step above; by executing a marketing plan for your home that is technology rich and high in service.  We leverage all available technology tools…

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The contingency-based clause coaxes some sellers by offering them the chance to continue marketing a property, while buyers are given time to sell existing homes.

By Robyn A. Friedman  

What to do when a home-seller gets an offer but holds out hope for something better?

Enter the bump clause.

A bump clause lets sellers enter into a contract with a buyer while still continuing to market the property. If the sellers get a better deal, they can “bump” the original buyer.

It’s most commonly used when a buyer’s offer has some contingency, usually that they need to sell their current home first. It can help coax the sellers into contract by offering them the ability to seek alternate buyers who don’t have a home-sale contingency…

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Brokers seeing “simple economic recipe for a softening housing market”

  • Active Listing Inventory Surges 47%
  • Median Home Price in King County DROPPED 1.6% In June From May
  • New Listings Outgain Sales
  • Fewer Multiple Offers Reported
  • Price Reductions Hit The Housing Market as Sellers Sense Buyers Pulling Back

KIRKLAND, Washington (July 5, 2018) – Home buyers around many parts of Washington state had

more choices and less competition during June, prompting some industry leaders to comment on “a

feeling of change in the market.”

 

“Inventory is up and demand has dropped,” reported Robert Wasser, an officer with the board of directors

at Northwest Multiple Listing Service. That combination is “a pretty simple economic…

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Decorate your bikes and trikes and show your patriotic spirit by participating in the annual 4th of July Parade at Snoqualmie Ridge.

The parade begins at 10:30 am at Cascade View Elementary. 

Following the parade, join us at Community Park for an afternoon celebration filled with food, games, music, face painting, pony rides and more… And come visit The Cascade Team as we host FREE Sno-Cones for our 13th straight year along with some other fun free giveaways! The Mt Si Highschool Cheerleaders will also be assisting The Cascade Team this year at the Sno-Cone Booth!!

It’s a free event open to the Snoqualmie community and typically attended by thousands every year.  So grab your family, your red, white and blue – and see you at the park!
  • …

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  Once you've made an offer on a home and all contingencies have been met by both parties, closing on the property becomes final. Closing costs are generally 4% of your loan amount, but this can vary. To help you get a sense of what's left to be done, here are 10 steps involved in closing the deal:

  1. Draw up a purchase offer with detailed contingencies in place
  2. Seller accepts the deal or counteroffers with contingencies and price changes of their own
  3. Submit your deposit, also known as "earnest money"
  4. Apply for your loan if you aren't already pre-approved
  5. Have the home inspected by a licensed home inspector
  6. Get the house appraised
  7. Perform a title search, buy title insurance, and homeowners insurance, as required by your lender
    8. …

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