Real Estate Market in Snohomish County is seeing double digit escalation offers: Need sellers!

Trying something a bit unconventional! 💡If you do not know how the Real estate market is right now I am going to take a quote🗣 from the MLS “The economics of scarcity are driving prices up at an unsustainable pace,” said Dick Beeson, managing broker 👩‍🏫at RE/MAX Northwest. “What will happen this spring and summer 🌞 will likely be more of the same. 🆘The real estate vortex we’re in of depleted inventory and high prices is real and unrelenting.” “If interest rates weren’t historically low, buyers would be unable to afford the escalating cost of housing,” suggested Beeson. “We’re feeling nervous about where this market is headed,” he said, adding, “Help is not on the way. Sellers are almost as rare as the dodo bird.” Although he noted the number of new listings🏡 coming onto the market has kept pace or even exceeded last year’s totals in some areas, (Not Snoho county) “new listings are immediately devoured by a plethora of waiting buyers.” The situation has buyers asking, “Am I paying too much?” 💸and sellers asking, “Can we ask more?” 💸That answer for both is “Yes,” says Beeson

Do you know Snohomish county does not even have 2 weeks of inventory? I listed a home in Marysville a few weeks ago and within 2 days I had 18 offers! Many waived everything and, I mean everything. The offer my sellers decided to accept? 140k over asking and covering the difference of a low appraisal! 👀 So why am I bothering you with this?👂We have 5 home buyers that we have been working to find homes and one family that currently has 7 family members living in the same townhome as they have special needs and we want to find them homes! We were just beat out of an offer that we put in for them. Our offer was 50k over asking and waiving all we could plus they would cover a 25k low appraisal. The offer that got it was $80k over list❗️❗️In almost 11 years in Real Estate I have never experienced anything like what is happening. I rarely do not get my clients the home they want on the first try but, right now there are to many buyers, low interest rates and not enough homes on the market to sell. So I am trying to think outside the box.🕵️‍♀️ If you happen to know of anyone thinking of selling within these parameters can you PLEASE consider having them contact me? 📞 Believe me I have scoped out everything online, even FSBO, and so I am reaching out.

✅ Local firefighter‍🚒Veteran wanting to use his VA loan for the first time. They are approved for up to 500k. They would love a small rambler w/garage and a bit of a yard. Flexible on area. Currently looking in Lake Stevens, Marysville and Arlington. 3-bed, 1.5 bath. Home does need to be in good condition for VA financing but if something is called out and if a little something is needed to push I will do it!

✅Family of seven. Multigenerational family with one of the parents being confined to bed permanently. We are trying to find a home that has 2, or potentially 2, living arrangements. A split maybe for parents to live downstairs and the younger families up? They have 2 small pet 🐐goats so no HOA neighborhood. Underwritten approved to 675k.

✅First time home buyer with 2 small kids and need a home they can keep their laying hens with them. No HOA against chickens. 🐓3 bed/ 1.5 bath with a garage detached or attached. Like homes with a bit of lot. Looking in Marysville, Granite falls, Arlington area. Underwritten approved to 500k.

✅First time home buyer couple. No kids yet but want to have a couple fur babies 🐕🐕‍🦺soon as they lost there two older ones in the last year. Underwritten approved to 570k, 3 bed, 2 bath. Like newer modern homes but not the zero lot line ones.

✅First time home buyer expecting their first baby in May. Underwritten approved to 425k. Flexible on location but prefer Everett and going east or north is okay. At least a 2 bedroom, 1 bath.

🔑This is not something I would normally do or ask but I want to do the best for my clients and never hurts to try right?

Please reach out if you know of anyone, wanting or thinking, about selling. That could help my buyers or another family that is looking for a home. ☎️

Thank you!!

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