Afraid of Selling Your House This Fall? Don’t Be.

October 14th, 2015 by Marc

Historically low inventory and a plethora of buyers makes this fall a fiendishly good time to sell

Popular wisdom says wait until spring to sell your house.  Of course, that same wisdom says don’t take candy from a stranger yet 50 million US kids are going to do precisely that at the end of this month.  If you’ve been thinking about making a move, now may be the perfect time to trick tradition and treat yourself to a big bag of money.

The logic for waiting until spring is that there are fewer buyers looking during the fall and winter.  It’s assumed that buyers wanting certain schools won’t disrupt their kids’ schedule and that buyers have generally settled in to wait out the winter doldrums before diving back into the real estate market.  While that may be true for some buyers, it’s not true for all of them.  Moreover, there is a great corollary benefit for sellers: fewer homes for sale means less competition for the buyers that are still looking.

2015 has been plain awful for buyers and absolutely amazing for sellers.  Per the dark green lines in the charts below, courtesy of our friends at SeattleBubble.com, the past year is on pace to be among the best for homes sold despite being the worst for the number of homes for sale.  And inventory is about to drop even further off the proverbial cliff over the next few months which presents a ghoulish opportunity for the bold seller willing to defy conventional wisdom.

KingCoSFHInventory2015-09KingCoSFHClosed2015-09

Interest rates are super low and there are plenty of buyers that want to buy a house.  Quite a few have lost out on bidding wars and are ready to pull the trigger the second a good house at a remotely decent price hits the market.  Many more are watching and waiting for just the right house to come along.

Every house is different and some may be better candidates than others to list in the fall or winter.  If you’ve been wondering if now is a good time to test the market, we definitely think you should consider it.  Give us a call or shoot us an email if you’d like a second opinion on whether now is the time to list or if waiting until spring is the way to go.  You can reach Marc at 206-357-4224 or marc@walawrealty.com.

 

 

 

For Sale By Owner Seminar & Workshop – Learn from a real estate attorney how to buy or sell a home without paying 6% in commissions

July 10th, 2015 by Claire

WaLaw Realty is offering a free workshop on Thursday, August 13th at 6 pm to anyone interested in buying or selling a home For Sale By Owner and cutting out the 6% commission traditionally paid to real estate agents.  The class will run from 6pm to 8pm here at our office in Lower Queen Anne.  We’ll provide pizza and beer plus a lot of great insight – all at no cost to you!

Whether you’re a first timer or an old pro, you’ll surely learn something new at this class.  Real estate attorney and managing broker of WaLaw Realty, Marc Holmes, will discuss:

  • Tools and resources for marketing a home FSBO (and how buyers can find off market deals)
  • Correctly pricing the home (probably the thing sellers most frequently get wrong)
  • Dealing with potential buyers and the agents that call
  • Seller disclosure requirements and protecting your interests (whether a buying or selling)
  • The offer negotiation process
  • The title and escrow process

Audience feedback and participation is encouraged so we can tailor the talk to address the interests of the folks who attend.

Marc will also answer any questions about WaLaw’s flat fee business model that combines the services of a real estate agent with the skills of an attorney, all at a cost that is a whole lot less than what you would pay a typical agent.

Click Here to Register Today for our next Free For Sale By Owner Class.  We look forward to seeing you!

WaLaw Realty quoted in Seattle Times article on Real Estate commission upstarts

November 13th, 2014 by Claire

Click the article below for the link!

Upstart firm sharply cut.._Page_1

FREE Home Buying & Selling workshop

July 29th, 2014 by Claire

Once again, WaLaw Realty is offering a free workshop on Thursday, August 21st to anyone interested in learning more about the process of buying or selling a home here in Washington.  The class will run from 6pm to 8pm here at our office in Lower Queen Anne.  We’ll provide pizza and beverages (beer and soda) plus a lot of great insight – all at no cost to you!

Whether you’re a first time homebuyer or an old pro, you’ll surely learn something new at this class.  Real estate attorney and managing broker of WaLaw Realty, Marc Holmes, will discuss the current state of the market including the impacts of low inventory of houses for sale, how to best handle multiple offer situations, as well as common and no-so-common pitfalls of buying and selling a home.  Audience feedback and participation is encouraged so we can tailor the talk to address the interests of the folks who attend.

Marc will also answer any questions about WaLaw’s flat fee business model that combines the services of a real estate agent with the skills of an attorney, all at a cost that is a whole lot less than what you would pay a typical agent.

Click Here to Register Today for our next Free Home Buying & Selling Class

Registration is appreciated but not required.  We’ll be setting up the other classes as time rolls on, and we’ll make sure to blog about each one when they’re open for registration.  We look forward to seeing you!

NEW DATE – Free Home Buying & Selling Seminar in Seattle – Perfect for People Trying to Figure Out This Crazy Real Estate Market

February 19th, 2014 by Claire

Once again, WaLaw Realty is offering a free workshop on Thursday, March 27th (previously March 20th) to anyone interested in learning more about the process of buying or selling a home here in Washington.  The class will run from 6pm to 8pm here at our office in Lower Queen Anne.  We’ll provide pizza and beverages (beer and soda) plus a lot of great insight – all at no cost to you!

Whether you’re a first time homebuyer or an old pro, you’ll surely learn something new at this class.  Real estate attorney and managing broker of WaLaw Realty, Marc Holmes, will discuss the current state of the market including the impacts of low inventory of houses for sale, how to best handle multiple offer situations, as well as common and no-so-common pitfalls of buying and selling a home.  Audience feedback and participation is encouraged so we can tailor the talk to address the interests of the folks who attend.

Marc will also answer any questions about WaLaw’s flat fee business model that combines the services of a real estate agent with the skills of an attorney, all at a cost that is a whole lot less than what you would pay a typical agent.

Click Here to Register Today for our next Free Home Buying & Selling Class

Registration is appreciated but not required.  We’ll be setting up the other classes as time rolls on, and we’ll make sure to blog about each one when they’re open for registration.  We look forward to seeing you!

Free Homebuyer Seminar Tonight! Bellevue 6:30p

July 6th, 2011 by Marc

Market conditions, saving money, finance options – lots of good information!   Come join us at the North Belleve Community Center, 4063 148th Ave NE at 6:30 pm.  RSVPs appreciated but certainly not required!  We’d love to see you.

The Future of the Seattle Housing Market: As Gray and Dreary as a Late March Day

March 30th, 2011 by Marc

I’d love to think otherwise — indeed my business benefits from market activity, just like the business of every other real estate broker.  But my wishes are irrelevant — its the data that tells the story.  And right now, that story is looking like a real tear-jerker.  (more…)

Seattle Housing Market Bottom? Not Here Yet…

February 14th, 2011 by Marc

When the “paper of record” says so, it must be true: “Seattle is down about 31 percent from its mid-2007 peak and . . . still has as much as 10 percent to fall.” The article also calls out the Seattle Times for its rank boosterism– er, I mean inaccurate news reporting, back in September of 2006. And rightfully so (the true beauty of the internet — the public record is exceptionally accessible): According to the Seattle Times in 2006 based on its own analysis, “If history is any indication, King County may escape [the housing bust].” Local economists Matthew Gardner (Matt, was that really the best head shot you had on hand?) and Dirk Conway chimed in as well in favor of the “no declines here!” position. Ah, 2006, when there was no shortage of optimism…. (more…)