Selling a Home in Sammamish, List Sooner Rather Than Later
The good news hit this week that December sales in the greater Puget Sound area were the best in 3 years, and pending sales were up significantly over last year. Previously, in a post titled Listing a Home For Sale Now Rather Than Spring, I spoke about the benefits of seasonal decorations creating a warm atmosphere and that more serious buyers are shopping during the holidays. This was apparently the case.
The other point I made was regarding interest rates. At that time it was not difficult to find 30 year fixed rate conforming loans for 4.75% (4.854% APR with 20% down). After that post on November 19th 2009 rates went even lower, hitting 4.5% on more than a few occasions. As I write this today, rates are 4.875%-5.0% and the trend is generally going up. This translates into higher payments for buyers or fewer buyers who can afford your home. While not dramatic so far, the trend if it continues will put downward pressure on pricing.
If you want top dollar for your home and the least amount of time on the market, we recommend a meeting soon. Allow us to assess your home, suggest a few things which can improve the desirability and value for the least out of pocket expense. We will work with you to lay out a plan to achieve your goals. Elsie is an Accredited Staging Professional and I do a complementary pre-inspection in addition to our market analysis. We are dedicated to your success, as that is how we measure ours.
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