Lifestyle real estate newsletter | December 2020
The advantages of buying anD selling in the off season Many people believe that buying or selling in the winter months puts them at a disadvantage. They may assume their listing will sit on the market and buyers may envision a limited selection of listings to view. However, savvy buyers and sellers know that the off season can be a great time to complete a real estate transaction!
Motivated Sellers - The biggest benefit to buying in the off season is the type of sellers on the market. People who list their homes in the slower months are often very motivated. They are typically working against a deadline and want to get their house sold. This can work in the buyer’s advantage when it comes time to negotiate.
Advantages To Buying in the Off-Season
Advantages To Selling in the Off-Season
Attentive Service From Lenders - One of the greatest perks to buying in the off season is the enhanced service you will receive from lenders. During the peak season, lenders are busy. But during the slower months you will get a timelier response from your loan officer and underwriting. Better Rates With Moving Companies - During the peak real estate season, it can even be a struggle to find a moving company that is available. Moving during the slower months will open up your options for what moving company to move with. You will be able to shop around for the highest-rated moving companies and take advantage of lower off-season fees.
Less Competition - Selling your house in the cooler months is a great strategy for lowering your competition. Markets across the country are already experiencing low inventory and in the winter it will likely reduce even more. Buyers are still extremely motivated to take advantage of historically low interest rates. A Quicker Process - As your real estate expert, I am committed to providing the best service to you no matter the season. However, when things are slower, the transaction can move along at a quicker clip due to all the players being less-busy – from the lender to the closing agent, inspectors, and more!
Serious Buyers - The off season typically yields more serious buyers than during the warmer months. It takes a little more effort to attend showings during the winter while contending with weather and lack of sunlight, and buyers aren’t going to go out of their way to look at a home that they aren’t really interested in. Off season buyers typically have a deadline they are up against such as relocating for a job or being settled in a home before the holidays. The cooler weather tends to weed out the buyers who are pretending to be on their own episode of House Hunters. Now is a great time to list your house on the market or buy some real estate. Don’t let the myths of peak season keep you from accomplishing your real estate goals now. Take advantage of the benefits of a slower real estate season. Source: https://cdn.nar.realtor/sites/ default/files/documents/ehs-08-2020overview-2020-09-22.pdf
Thinking of investing in real estate? Ask me for a free list of investment properties or for additional information on our local market, call 206.730.0962 or nina@ninabjornstal.com.
N I N A B J O R N S TA L
206.730.0962 | Cell or Text nina@ninabjornstal.com | E https://www.lifestylebynina.biz | W
15117 Main Street B106 | Mill Creek WA 98012
Hello Friends, It certainly has been an interesting year. I hope this message finds you safe, healthy and happy. I have been in a pleasant mood while working from home. I kept myself busy with a series of home improvement projects as real estate adjusted to the changing rules mandated by Covid. As the holiday season approaches, I wish you a wonderful time filled with love, blessings and most of all, continued good health!
N I N A B J O R N S TA L 15117 Main Street B106 Mill Creek WA 98012
Market watch update | see the market trending in your county october 2020
November 2020
King County
Median sale price: $650,000 h Average sale price: $786,416 h List to sale price: 100% h Months of Inventory: 1.6 i Avg Days on Market: 27 i
King County
Median sale price: $655,000 h Average sale price: $796,152 h List to sale price: 100% Months of Inventory: 1.6 Avg Days on Market: 26 i
Snohomish County
Snohomish County
Pierce County
Pierce County
Median sale price: $506,000 h Average sale price; $540,016 h List to sale price: 100% i Months of Inventory: 1.3 i Avg Days on Market: 26 i Median sale price: $399,500 h Average sale price: $432,176 h List to sale price: 100% h Months of Inventory: 1.5 i Avg Days on Market: 29 i
Median sale price: $512,250 h Average sale price; $545,325 h List to sale price: 100% Months of Inventory: 1.2 i Avg Days on Market: 25 i Median sale price: $402,645 h Average sale price: $438,160 h List to sale price: 100% Months of Inventory: 1.4 i Avg Days on Market: 28 i
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N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com
If your home is currently listed this is not a solicitation for your listing, please disregard this mailer. | 20 20 Lifestyle real estate by nina