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.

 

 

 

Happy Belated Birthday to Us – Saving Buyers & Sellers Beaucoup $$ Since 2009

March 31st, 2014 by Marc Holmes

WaLaw Jersey (1280x720)So we’re very excited to be sponsoring our first sports team – Teeball in Magnolia – and it’s not too surprising that my 5 year old son picked this number for his jersey.  I took this photo a few days ago and have looked at umpteen times since but only now did it dawn on me that we’re 5 too!  WaLaw Realty was officially formed in February 2009.  Perhaps I overlooked it because I’ve always considered our start date to be when we rolled out the website which was late that summer.

In any case this seems like as good a time as any to reflect on the past 5 years.

–          $134,858,159 in total sales volume

–          $2,860,535 in buyer rebates and seller commission savings

–          Average buyer purchase price – $688,619

–          Average seller sales price – $568,657

–          Average buyer rebate – $14,038

–          Average seller savings – $12,239

–          Most expensive buyer purchase – $3,100,000 with a rebate of $65,844

–          Most expensive listing sold – $1,700,000 with a commission savings of $34,245

–          Least expensive buyer purchase – $168,000

–          Least expensive listing sold – $115,737

And we did all of this with a fraction of the staff and overhead of traditional brokerage companies.  Boo yah!!

I am incredibly lucky to have an incredible staff and the best clients in the world.  I can’t wait to see what the next five years brings!

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!

Magnificent in Magnolia – Saturday Open House at our new listing

April 6th, 2012 by Claire

This is a truly outstanding home, just listed and open Saturday 4/7 from 1-4. It’s not often you come across one like this, so come visit us and see it for yourself. Please allow us to entice you with the preview video.

Sophisticated and chic, this spectacular home boasts gorgeous interiors, views of the Olympics and Sound, and a huge backyard and garden. This impressive home was renovated for modern living and incorporates an open floor plan opening onto a westerly deck perfect for summer days and nights. Other highlights: gourmet kitchen, formal living, office, media room, central A/C. High-tech features: CAT6 Ethernet hardwired, HDMI 1.4a, whole-house music and lighting automation capability.

Buyers, you can save money when you buy from a WaLaw seller!  If our sellers don’t have to pay the commission to a buyer’s agent, they can pass the savings on to you.  If you don’t have a real estate agent yet, speak with this seller first.  You may be able to use a lawyer rather than an agent to buy the house, which will save you money.

A RECORD REBATE for our WaLaw home buyer – $65,884

March 16th, 2012 by Claire

Did you catch that? I said sixty.five.thousand.dollars.

Using WaLaw Realty for a flat rate real estate transaction, our home buyers were thrilled with the rebate they received at closing and amazed at their savings using our services. Yes, It really works!

Now they can move into this amazing Seattle home!

Seattle home buyers were thrilled with the rebate they received