realtor: Do you want to Sell? Or Stay? - 07/11/08 05:57 AM
Currently the inventory levels are high. There are a lot of homes for sale. But really are they for sale? There's a pricerange a home can fetch. An agent comes to a listing presentation with this. "Sir" Or "Madame" homes like yours sell between "200-225". Sometimes today that number is shocking to the homeowner. The homeowners today may still have a different idea bout what their home is worth...or what they need to sell it for to get into that next home. But if they're not careful...they may become "Non-Sellers."
"Non-Sellers" who are not "there" or "in the market" or "motivated" because … (1 comments)

realtor: Keeping up on the Market Value in TODAY's Market. Are you a Seller or "Non-Seller?" - 07/09/08 05:55 PM
Statistically people sell every seven years according to the National Association of Realtors. The great Real Estate Market that was 2005 plus the statistical shift in market equals a light at the end of the tunnel for the floodgates of buyers who will come back into the market.
But that's not magic. Buyers just don't appear out of nowhere. Buyers sometimes are homeowners who can't offload what they have to get into a new home. It's notable that 2005...is not 2008. Lots of Buyers were buying in 2005 and those buyers have a home. They're decorating it, adding onto it or their families. They really … (0 comments)

realtor: Recent Real Estate News. - 07/09/08 04:26 PM
With the prices of homes today declining (having bought mine two years ago in June)...it's clear we're all looking at what's next for the value of our homes with Gas Prices, Building Costs and food going up. Costs of living are increasing while our nests are not.
But what we fail to remember is that Real Estate is a long-term investment. It's like a stock. Stocks are to be bought low and sold high...right? Sometimes the gap between "Bought Low" and "Sold High" is a matter of a year or two...sometimes not. We're in the "sometimes not" period of the market. Homes are really long term investments. There not … (0 comments)

realtor: Listening - 02/19/07 02:24 PM
Lately we've been seeing price reductions and inventories mounting in our Market in Bellingham. It's clear that people are apprehensive to buy thinking that prices are going to go down even further.
But in all reality...that just isn't so. Prices may be going down on over-priced listings...but those homes that are priced right from the start sell and get multiple offers out the gate. We're seeing the prices fall on listings and property that was inflated in the first place. With speculative building/buying and Selling...the market has superficially boasted a mob-selling mentality.
I analyze it this way...
I've been waiting for the price … (2 comments)

 

James Knapp

Bellingham, WA

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