A lot can happen in a decade, both personally and professionally.
Over the past 10 years, my husband and I have moved our entire household 4 times. Bought 3 houses, sold 2. Lost our noble yellow lab Carson, but not before he got to spend a few years with our little princess Eleanor. We gained 2 daughters-in-law and were blessed with 2 healthy grandsons. I closed a RE/MAX franchise, opened another one, then sold that 5 years later. I lost some friends then met better ones, expanded my real estate practice to include North Central Washington and began fine-tuning my wine tasting palate.
Frankly, I’m sitting here today, one grateful, happy camper.
Thinking back to the start of this decade, the Summer of 2007, and I all seems so surrea
That was the Summer when the switch on the real estate market in the Pacific Northwest was flipped to "OFF". It was July 2007 which was the very peak of our market. From there, the descent continued rapidly with no end in sight. 2008, for most everyone I know in the business, was the very worst. Owners were only beginning to understand that their equity was draining away, and buyers had no confidence or desire to invest in a declining market.
Over the subsequent 5 years, my real estate practice was composed mostly of helping underwater homeowners negotiate with their Mortgage holders for short sales and release of liability on the promissory note. While it wasn't the happiest of circumstances, there was a great deal of satisfaction in seeing the relief of owners who were previously stuck. ..needing to move, unable to keep up with payments, watching their credit scores plummet, the worry and stress was real and often palpable.
Today, as we all know, the market has turned a full 180 degrees in the Seller's favor.
Many are saying sellers have gotten "greedy".
I think they're remembering ghosts of the past.
We've come a long way over the past ten years, and it's nice to read that today, on a National basis, 94% of homeowners are in a positive equity position. Here in Washington State, that number is slightly higher at 98.2%. Employment is good, people are investing confidently.
Of course there’s talk of another bubble….I’m not getting into that type of speculation as I learned that lesson the hard way once before. After almost 30 years in the business, I’ve learned to adapt to any market, be of service to buyers, sellers and all my past clients who may never buy or sell again but may still need advice and guidance.
Yep, a lot can happen in a decade.
What happened for you?