Three Ways to Reduce Stress in a Seller’s Market
So far in 2015, Seattle real estate has escalated into an aggressive and competitive seller’s market. Many properties are seeing multiple offers, where buyers are forced to rush inspections and submit deals on seller-driven deadlines with less guarantee of their deal being accepted.
Experts are predicting that 2015 is the year millennials get off the fence and jump into their first home. If that happens, it will put even more of a squeeze on an already tight real estate inventory. (source: Seattle Times)
Prices are also up 6% year-over-year in King County, even more in areas of Seattle (source: Seattle Times).
How can potential homebuyers beat the competition and reduce the related stress levels? By buying pre-sale. Here 3 ways pre-sale works to your advantage…
Selection. Presale buyers usually have a clear selection of available homes, and can negotiate their offer over time while avoiding the multiple-offer situation. This takes the heat off of the “offers reviewed on Tuesday” scenario, giving buyers more time to review options and make a clear-headed, non-rushed choice.
Price. Presale buyers are purchasing in 2015 for closings at 2016. Once they purchase, the purchase price is locked in even as the home values in the area keep accelerating. That can mean built-in equity at the time of closing, and a higher potential sale price for your existing property.
Time. For downsizers, or even for renters moving from a house, buying presale offers the additional benefit of valuable lead time to purge, pack and get ready to move.
Contact our sales team today and learn more about the pre-sale purchase process & how you can use it to effectively navigate the current Seattle market. We have a wide range of 1, 2 and 3 bedrooms plans still available for mid-2016 occupancy.