Record Low Inventory in Bellingham and Whatcom County!

You’ve heard all the talk about the houisng market. I wanted to show you what it looks like. The housing inventory is at a level not previously seen. With only 1.9 months of supply in Bellingham, homes are selling in 24 hours or less.

If you are thinking of selling your home, give me a call! As the top agent in social media in Washington I can get your home MAXIMUM exposure!

How to Get the Most Money When Selling Your Home

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

How to Get the Most Money When Selling Your Home | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

Thinking of Selling? Why Now is the Time

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

Read more here: https://goo.gl/H977xO

Is this the year you sell your home? Call me for my FREE home selling consultation and let me show you how I leverage social media to get you the most exposure!

Winter 2016/2017 Home Selling Guide

Housing Market Inventory At Historic Lows

The #Bellingham area housing market hasn’t seen a home shortage like this in over a decade, if ever. There is less that 2.5 months of inventory currently in October. A number we have never seen in my time as an agent. What does this mean for you? Well if you are looking to sell, even going into the holidays, you are going to be getting top dollar for your home. The down side is competition is fierce for buyers. Homes are getting multiple offers and spending as little as a day on the market. Yes, even in October! If you are in the market to buy or sell, give me a call and let’s get our game plan together!

Housing inventory at historic lows!

Housing inventory at historic lows!