Buying a Home in the Seattle Market is Not Like Ping Pong

By
Managing Real Estate Broker with RE/MAX Advantage | Managing Broker 17050

Buying a Home in the Seattle Market is Not Like Ping Pong.

You know the game... little ball, table top, back and forth, back and forth.

I was never good at ping-pong.

I would often serve too low, sending the ball straight into the net, or more often, overestimating my strength skill and missing the table altogether with an overly aggressive return.

For more than 24 years I have been representing home buyers and sellers throughout King & Pierce Counties, and I'm always surprised when a buyer wants to write an unrealistically low offer.

The fact of the matter is, many Seattle Home Sellers aren't willing to Negotiate....much.

"What?"

You say

"It's real estate!"

"We find a house we like, make an offer, the seller counters, we counter back and then we dicker back and forth until one person gets tired , walks away or gives in".

Yeah, not so much.

Stats don't lie.

Last year, homes sold in King County Sold, on average,  for a minimum of 98.2% of list price.

Seattle Home Stats

Only in December 2013 and January 2014 did that number fall below 98.5%.

So if you are home shopping in the area, and think that $500,000 house is really only worth $425,000, you may be right. Just don't expect to start at $375,000 in the hope of going back and forth (probably a few times) to get where you want to be.

Our market doesn't work like that.

 

Flickr photo credit

Posted by

 

Thanks for reading!

 

 

 


 

 ____________________________________________________________________________________________________________________

Colleen Fischesser REMAX

 Serving the beautiful Pacific Northwest Since 1990!

 

Colleen M. Fischesser, Managing Broker

RE/MAX Advantage, L.C.

Serving Seattle and the Chelan Valley

206-491-3819  (Cell/Text Seattle)

509-699-1611 (Cell/Text Chelan)

 

 www.ColleenFish.com

www.ChelanPropertyShop.com

www.NWPropertyShop.com 

 ___________________________________________________________________________________________

This is a personal blog based on my opinion and experience in the real estate industry. All content is provided for informational purposes and should not be construed as legal, financial or tax advice. Laws, industry practice standards and procedures vary by state. Readers are advised to contact appropriate third parties for professional advice when needed. Any questions please let me know!

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Washington King County
Groups:
Puget Sound - WA Real Estate
Tags:
real estate seattle
renton wa
colleen fischesser
home buying king county
how much do king county homes sell for

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
456,391
Shannon Milligan, Richmond VA Real Estate Agent/Associate Broker
RVA Home Team - Richmond, VA
RVA Home Team - Winning with Integrity.

Comps will show fair market value. I had to part with a client after they requested me to keep making too many lowball offers. It was a waste of time!

Mar 03, 2014 03:20 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
473,514

Colleen Fischesser Northwest Property Shop

A Tradition of Trust in the Pacific NW since 1990!
Have Questions?
*
*
*
*
Spam prevention

Additional Information