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!!

The Home Connection for June

It’s that time again for your monthly newsletter! Notice QR codes seem to be back? While I like QR codes and think they are handy I sure hope we all can “experience” some of the beautiful places the Pacific Northwest has to explore in person and soon!

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New Excise Tax Rates

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Are You Ready for the Rainy Season?

Don’t get all wet. Prepare for the rainy season while it’s dry.

As Benjamin Franklin once said, an ounce of prevention is worth a pound of cure.

We know. The last thing you are thinking about at the summer barbecue is preparing for the stormy season. But it really is worth taking a look around your house during fair weather, because finding out you have a problem during inclement conditions is at best inconvenient and at worst very costly.

Check your rain gutters.
Clear them out and make sure they are in good working order to prevent damage to the roof or house.

Look at your roof.
If you see loose or damaged shingles, get them repaired. Look for tears and buckling on flashing. Check the chimney and look for damaged bricks, cap or cracked joints. Don’t forget the flashing there too.

Check indoors for signs of roof leaks.
Look for discoloration and peeling paint on ceilings and walls. Check in the attic for damp rafters.

Check the trees.
Trim back branches and cut sections that could fall in a rainstorm.

Check doors and windows.
Make sure there are properly insulated with weather stripping.

Look for water collecting at the base of the house.
Redirect water with trenches or drains.

Keep sandbags on hand.
if your area is prone to flooding, keep them filled and at the ready.

Check for erosion.
This is important if you live near a hillside. Shore them up if necessary.

Most importantly enjoy the fall and all the beauty it holds.

The Home Connection for September

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Remodel project cost vs. resale value. Get the most bang for you $$.

Remodel costs

Aprils Home Connection is here!

April newsletter

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Tempted to over price you home?

This meme pretty much sums it up. Call me for the best pricing strategy so you are not shut out of the market!

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January’s Home Connection

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Snohomish County Statistics December 2017

December is known for being on the cold side and a sign of a slowing Real Estate market as everyone starts to enjoy the holidays. Not this year however! December was smoking hot. A new record of 16 days inventory pushed buyers to snatch up everything they could and quickly.

Active Inventory

 -2% December 2017 vs. December 2016

781 available homes currently on market -347 vs. last month.

Pending Transactions

-4% December 2017 vs. December 2016

1255 units -336 vs. last month

Sold Transactions

+12%!!! December 2017 vs. 2016

1516 units +101 than last month

Days on Market

Snohomish County Active to pending 34 days vs. 39 a year ago. Up 4 days from last month (normal with the holidays).

Median home price in Snohomish County 448,000 +12% last year.  Up $4,000 from last month.

Area price % based on last Quarter

All percentages are up and also include new construction

Bothell + 20%, Edmonds/Lynnwood +15%. Everett/Mukilteo +10%

Snohomish/Monroe+ 17%. Lake Stevens/Granite Falls + 15%.  Marysville +13%

King County Median home prices are $611,000 + 15% over last year and up $27k from last month.

Woodinville area Median price is $678!!

Of the more than 3,100 counties across the U.S., none saw a bigger net increase than Pierce and Snohomish in movers from other counties. Is this a reflection of people being priced out of King County?96961280-1033-11e7-92dc-5affb0e7ac5c