Lifestyle real estate newsletter | may 2019
How wide is the buyer pool for your property? A wide buyer pool can mean a higher price for your home due to demand. What are the things that make your buyer pool as wide as it can be? Price – This is far and away the best way to get more eyes on the property. Pricing it at market value and not overpricing will ensure that all buyers who are searching for similar homes will see it, compare it to other homes in the price point, and see the value. Location – Is the property in a location sought-after by buyers? Is it near desirable schools and development? How is the crime rate? How are the economics of the area? The more boxes the property checks in terms of location, the wider the buyer pool will be. Accessibility – Stairs generally will shrink the buyer pool. A lot of stairs may really shrink the pool. Levels add complexity to a floor plan which may mean residents will be grouped on different levels which doesn’t always work for the residents. Furthermore, some potential clients may have issues with
mobility, precluding them from considering a home with stairs. The less-complex the floor plan, the wider the buyer pool. Lack of Nuisances – Location nuisances such as proximity to airports, freeways and busy roads, busy working livestock farms, and power lines will keep some buyers away. Maintenance and Repairs – Some buyers are not afraid of some work. Others never want to pick up a hammer or have to deal with a contractor. If a property has a lengthy list of “to dos”, some buyers will pass it over in favor of properties that are newer or move-in ready. If there is deferred maintenance, it is usually less expensive to have it taken care of before the home hits the market than to negotiate later on price or repairs. Services – Is the property served by water and sewer municipalities? Some buyers don’t want to deal with a well or a septic system. The more “on grid” the property is, the wider the buyer pool. Parking – Parking can be a big problem in urban areas for older homes and condos without a
garage, driveway, or parking space. Some buyers don’t want the hassle of coming home from work tired and having to drive for blocks to find a place to park. Pet-Friendly? – Some areas are very pet-friendly which can really cause the buyer pool to shrink if your condo building doesn’t allow pets. Odors – If there are smoking residents, pet odors, or the house just smells musty, this can be a big turnoff for home buyers. Some will mark a home as a non-contender because of it. Addressing as many of these items before you list your home, or even considering how these things might affect resale value when it is time to sell, will help you create demand when listing your home for sale. Reach out with questions on things that you should look for when buying, or items you can address before selling to make your home more desirable.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com | E https://realestatenina.com | W
15117 Main Street B106 | Mill Creek WA 98012
Sold: Closed Sale $350,000 5 days on market 97% of list price
N I N A B J O R N S TA L 15117 Main Street B106 Mill Creek WA 98012
3431 Hoyt Ave |Everett 98201 MLS #1409808 4 Beds | 1 Bath | 1512 Sq Ft Nina Bjornstal Represented: Seller
I am currently taking on new clients.
The most sincere compliments I receive are the personal referrals from you. Thank you so much! Remember how much fun we had finding your home? I’d love to help them create that memory too.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com
Market watch update | see the market trending in your county MARCH 2019
Snohomish County
Median sale price: $455,000 Average sale price; $491,505 List to sale price: 100% Months of Inventory: 2 Days on Market: 31
Pierce County
Median sale price: $619,000 Average sale price: $739,981 List to sale price: 100% Months of Inventory: 2.1 Days on Market: 28
Snohomish County
Median sale price: $445,000 Average sale price; $492,063 List to sale price: 100% Months of Inventory: 1.9 Days on Market: 30
Pierce County
SOLD at $360,000 MLS 1420617 CDOM 6 2 Beds | 1.5 Bath | 1175 Sq Ft TU
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Nina Bjornstal Represented: Buyer
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Median sale price: $338,000 Average sale price: $371,286 List to sale price: 100% Months of Inventory: 2.1 Days on Market: 35
1431 NW Richmond Beach Rd Shoreline 98177
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Median sale price: $340,000 Average sale price: $372,501 List to sale price: 100% Months of Inventory: 2.1 Days on Market: 35
King County
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Median sale price: $615,000 Average sale price: $738,368 List to sale price: 100% Months of Inventory: 2.2 Days on Market: 29
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King County
sold: closed sale
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april 2019
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If your home is currently listed this is not a solicitation for your listing, please disregard this mailer. | 2019 Lifestyle real estate by nina