sno-king living Real Estate | march 2022
What do other seller’s multiple offers mean for you? You might have heard about other sellers receiving two, five, or ten offers (or more!) on their home. That’s great for them--but what does it mean for you if you are thinking about selling but your home isn’t on the market yet? If only one offer can win, logically it can be concluded that some qualified, but disappointed, buyers are still searching for their next home—possibly a home just like yours. But how do we attract these buyers if you decide to sell? What condition does your home need to be in? How fast could the time table be once you decide to sell? Let’s dive into these questions!
What condition does your home need to be in?
With housing inventory so tight, most homes are selling very quickly regardless of condition. Keep in mind that different conditions will attract different types of buyers. A home that is falling down may attract primarily investor or builder buyers whereas a home in movein-ready condition will attract about anyone. The better condition your home is in – from the roof, to up-
dated flooring, fresh paint, and more – the wider the buyer pool for your property. More potential buyers, in this market, the higher likelihood for multiple offers.
Should I do some upgrades before selling?
This is a difficult question to answer because it depends on so many factors. For example, let’s say you decide to replace old carpet with luxury vinyl plank floors, which is a $10,000 upgrade. However, due to supply and labor shortages, what should be a two-week turnaround is now predicted to be eight weeks – at least. Is it worth it to wait? What if you might get another $20,000 from that $10,000 investment? Or what if another home in even better shape at the same price comes on the same week yours does? The challenge is we can’t predict the future, so you will need to make the best decision for your situation, timing, and resources.
to get your home on the market and marketed, it would need to be priced to attract a lot of attention, a few more days to receive an offer, and, if the buyer is using cash and can close quickly, you may be handing over keys at lightning speed. However, to get top dollar, the property should be prepped, marketed correctly, and time should be given to attract all the potential buyers, especially if multiple offers are expected. Other sellers receiving multiple offers may absolutely mean that your home will receive multiple offers, especially when there are disappointed buyers who still need a home. But it is not a given. Utilizing a proven strategy is the best indicator of success and is critical for receiving top dollar whether you have ten offers or one. u More questions? I am happy to help! For more information call or text 206-730-0962 or send an email to nina@ninabjornstal.com.
How quickly could I sell?
In theory, you could be sold within two weeks if you needed to be – it would take a few days
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com | E ninabjornstal.com | W
15117 Main Street B106 | Mill Creek WA 98012
N I N A B J O R N S TA L 15117 Main Street B106 Mill Creek WA 98012
JUST SOLD! $949,000 |1 offer at List Price Stunning Ballard Townhome Features: 3 Beds / 2.5 Baths, 360 degree view from roof top deck, off street parking space, floating stairs, large floor-to-ceiling windows, under-lit cabinet l ighting, Quartz countertops and so much more! Nina Bjornstal | RE/MAX Town Center Represented Buyer
Market watch update | trends By county | Single Family january 2022
february 2022
King County
King County
Snohomish County
Snohomish County
Median sale price: $779,950 Average sale price: $1,021,388 List to sale price: 106.4% Months of Inventory: 0.2 Avg Days on Market: 17
Median sale price: $700,000 Average sale price; $776,215 List to sale price: 106.2% Months of Inventory: 0.2 Avg Days on Market: 14
Pierce County
Median sale price: $525,000 Average sale price: $561,167 List to sale price: 101.9% Months of Inventory: 0.3 Avg Days on Market: 19
Median sale price: $865,000 Average sale price: $1,110,720 List to sale price: 111.6% Months of Inventory: 0.3 Avg Days on Market: 11
Median sale price: $749,950 Average sale price; $846,677 List to sale price: 110.2% Months of Inventory: 0.2 Avg Days on Market: 14
Pierce County
Median sale price: $533670 Average sale price: $589,841 List to sale price: 10% Months of Inventory: 0.3 Avg Days on Market: 19
who do you know?
The most sincere compliments I receive are the personal referrals from you. Thank you so much!
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com @snokingliving
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If your home is currently listed this is not a solicitation for your listing, please disregard this mailer. Article: Lones Group| 2022 sno-king living llc