LOW INVENTORY IN SEATTLE: NEWLY RENOVATED HOMES ARE GETTING MULTIPLE OFFERS

April 16, 2012

 

 

 “Buyers are screaming for more inventory and they’re being more aggressive with presenting offers on homes,” reported MLS director George Moorhead in Bothell.  “Home shoppers perceive the bottom is nearing, he noted, “and both buyers and sellers want to catch the historically low interest rates.”

 “Close to the job centers, 45 percent of new listings are selling within a single month. We are seeing a frenzied market in the Puget Sound region, especially in the more affordable and mid-price ranges, with an increase in sales activity in the high end,” remarked J. Lennox Scott, chairman and CEO of a local based real estate brokerage. “Because of the shortage of homes for sale, combined with the sales surge being driven by job growth and historically low interest rates, if you are not ‘buyer ready’ you may not get a house in today’s market,” he added.

 What does this mean? Home buyers want buyer ready homes. They are willing to put in competitive offers for a turn key house. Heaton Dainard offers a steady supply of newly renovated homes each month. At Heaton Dainard, most of our listings sell in under 2 weeks.  Our selling agent Katie Kepler usually has a buyer in mind while a house is being rehabbed for an investor so it’s not uncommon the get offers on the first day a home is on the market.  This is great news for local homeowners thinking about putting their home on the market or investors that are currently flipping houses using Heaton Dainard’s unique services that give investors the opportunity to purchase, fund, rehab and sell a property with our expert guidance every step of the way.

 

 

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