Page not found – Seattle In City Real Estate https://dianeterry.withwre.com Seattle In City Real Estate Tue, 31 May 2022 17:56:39 +0000 en-US hourly 1 Bright Days Are Ahead When You Move Up This Summer https://dianeterry.withwre.com/2022/05/31/bright-days-are-ahead-when-you-move-up-this-summer https://dianeterry.withwre.com/2022/05/31/bright-days-are-ahead-when-you-move-up-this-summer#respond Tue, 31 May 2022 17:55:57 +0000 https://dianeterry.withwre.com/?p=28723 Some Highlights Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer. When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like […]

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Bright Days Are Ahead When You Move Up This Summer INFOGRAPHIC] | MyKCM

Some Highlights

  • Warmer weather and longer days mean summer is almost here. Celebrate by upgrading to the home of your dreams so you can enjoy all the season has to offer.
  • When you list your house, you can capitalize on today’s sellers’ market to fuel your upgrade. Then, you can move to a home with the features you want, like space to entertain or rooms for work and play.
  • If you’re ready to upgrade to a home that matches your changing needs, let’s connect.

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How Buying or Selling a Home Benefits the Economy and Your Community https://dianeterry.withwre.com/2022/05/26/how-buying-or-selling-a-home-benefits-the-economy-and-your-community https://dianeterry.withwre.com/2022/05/26/how-buying-or-selling-a-home-benefits-the-economy-and-your-community#respond Thu, 26 May 2022 18:54:46 +0000 https://dianeterry.withwre.com/?p=28717 If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart […]

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If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too?

To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:

How Buying or Selling a Home Benefits the Economy and Your Community | MyKCMAs the visual shows, a single home sale can have a significant effect on the overall economy. To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly built homes (see map below):

How Buying or Selling a Home Benefits the Economy and Your Community | MyKCMYou may be wondering: how can a single home sale have such a major effect on the economy?

For starters, there are multiple industries that play a role in the process. Numerous contractors, specialists, lawyers, town and city officials, and so many other professionals are all necessary at various stages during the transaction. Every individual you work with, like your trusted real estate advisor, has a team of professionals involved behind the scenes.

That means when you buy or sell a home, you’re leaving a lasting impression on the community at large. Let the knowledge that you’re contributing to those around you while also meeting your own needs help you feel even more empowered when you decide to make your move this year.

Bottom Line

Homebuyers and sellers are economic drivers in their community and beyond. Let’s connect so you have a trusted real estate advisor on your side if you’re ready to get started. It won’t just change your life; it’ll make a powerful impact on your entire community.

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Work With a Real Estate Professional if You Want the Best Advice https://dianeterry.withwre.com/2022/05/23/work-with-a-real-estate-professional-if-you-want-the-best-advice https://dianeterry.withwre.com/2022/05/23/work-with-a-real-estate-professional-if-you-want-the-best-advice#respond Mon, 23 May 2022 17:33:38 +0000 https://dianeterry.withwre.com/?p=28711 Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation. An Expert Will Give You the Best Advice Possible Let’s say you need […]

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Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation.

An Expert Will Give You the Best Advice Possible

Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss the most effective strategies you can take. They may recommend one or two approaches they believe will work well for your case.

Then, they’ll leave you to make the decision on which option you want to pursue. Once you decide, they can help you put a plan together based on the facts at hand. They’ll use their expert knowledge to work toward the resolution you want and make whatever modifications in the strategy necessary to try and achieve that outcome.

Similarly, the job of a trusted real estate professional is to give you the best advice for your situation. Just like you can’t find a lawyer to give you perfect advice, you won’t find a real estate professional who can either. They can’t because it’s impossible to know exactly what’s going to happen throughout your transaction. They also can’t predict exactly what will happen with conditions in today’s housing market.

But an expert real estate advisor is knowledgeable about market trends and the ins and outs of the homebuying and selling process. With that knowledge, they can anticipate what could happen based on your situation and help you put together a solid plan. And they’ll guide you through the process, helping you make decisions along the way.

That’s the very definition of getting the best – not perfect – advice. And that’s the power of working with an expert real estate advisor.

Bottom Line

If you want trustworthy advice when buying or selling a home, let’s connect so you have an expert real estate advisor on your side.

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Seattle Visitors’ Guide | Summer/Fall 2022 https://dianeterry.withwre.com/2022/05/18/seattle-visitors-guide-summer-fall-2022 https://dianeterry.withwre.com/2022/05/18/seattle-visitors-guide-summer-fall-2022#respond Wed, 18 May 2022 16:56:16 +0000 https://dianeterry.withwre.com/?p=28707 Looking to make a move to Seattle? Been interested in exploring the city? Follow the link HERE for a guide to Seattle during our best times of the year: Summer & Fall!

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Looking to make a move to Seattle? Been interested in exploring the city? Follow the link HERE for a guide to Seattle during our best times of the year: Summer & Fall!

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If You’re a Homeowner, You Have Incredible Leverage When You Sell Today https://dianeterry.withwre.com/2022/05/17/if-youre-a-homeowner-you-have-incredible-leverage-when-you-sell-today https://dianeterry.withwre.com/2022/05/17/if-youre-a-homeowner-you-have-incredible-leverage-when-you-sell-today#respond Tue, 17 May 2022 16:44:03 +0000 https://dianeterry.withwre.com/?p=28701 In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things: To be the winning bid on their dream home To buy before mortgage rates rise more To buy […]

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In today’s housing market, homeowners have a great opportunity to sell their house and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:

These buyer needs give you an amazing advantage – also known as leverage – when you sell.

What Does This Mean for Sellers Today?

You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.

According to the latest Realtors Confidence Index from the National Association of Realtors (NAR), the average home sold is receiving 4.8 offers. That’s why there’s a good chance you’ll get offers from multiple buyers who are willing to compete for your house. When you do, you should look closely at the terms of each offer to find out which one has the best options for you.

And if you have questions at any point in the process, remember your trusted real estate advisor can help. They’re experts who understand the fine print, know how to compare the terms of various offers, and will help you select the best one for your situation.

Bottom Line

If you’re thinking of selling your home, know buyer demand in today’s market gives you a great opportunity to get the best terms and price when you sell your house. Let’s connect today to discuss how much leverage you have as a seller in today’s market.

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Will Home Prices Fall This Year? Here’s What Experts Say. https://dianeterry.withwre.com/2022/05/10/will-home-prices-fall-this-year-heres-what-experts-say https://dianeterry.withwre.com/2022/05/10/will-home-prices-fall-this-year-heres-what-experts-say#respond Tue, 10 May 2022 23:04:55 +0000 https://dianeterry.withwre.com/?p=28683 Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals. What’s Happening with Home Prices?  Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says: “Price appreciation […]

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Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyerseller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.

What’s Happening with Home Prices? 

Home prices have seen 121 consecutive months of year-over-year increases. CoreLogic says:

Price appreciation averaged 15% for the full year of 2021, up from the 2020 full year average of 6%.”

So why are prices climbing so much? It’s because there are more buyers than there are homes for sale. This imbalance is expected to maintain that upward pressure on home prices because homes for sale are a hot commodity in today’s low-inventory housing market.

Where Do Experts Say Prices Will Go from Here?

Experts say the housing market isn’t set up for a price decline due to that ongoing imbalance between supply and demand. In the latest home price forecasts for 2022, they’re calling for ongoing appreciation throughout the year (see graph below):

Will Home Prices Fall This Year? Here’s What Experts Say | MyKCM

While the experts are forecasting more moderate price appreciation, the 2022 projections show price gains will remain strong throughout this year. First American explains it like this:

While house price growth is expected to moderate from the rapid pace of 2021, strong home buyer demand against a backdrop of historically tight inventory of homes for sale will likely keep appreciation positive in the coming year.”

What Does That Mean for You?

The biggest takeaway is that none of the experts are projecting depreciation. If you’re a homeowner thinking about selling, the higher price appreciation over the last two years has been great for your home’s value, but it’s also something you should factor in when planning your next steps. If you’ll also be buying a home after selling your current house, you shouldn’t wait for prices to fall. Waiting will only cost you more in the long run because climbing mortgage rates and rising home prices will have an impact on your next home purchase. Freddie Mac says:

“If you’re thinking about waiting until next year and that maybe rates are higher, but you’ll get a deal on prices – well that’s risky. It may be more advantageous to purchase this year relative to waiting until 2023 at this time.”

Bottom Line

If you’re thinking of selling to move up, you shouldn’t wait for prices to fall. Experts say prices will continue to appreciate this year. That means, if you’re ready, buying your next home before prices climb further may make the most financial sense. Let’s connect to begin the process of selling your current home and looking for your next one before prices rise higher.

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2022 Housing Market Forecast https://dianeterry.withwre.com/2022/05/06/2022-housing-market-forecast-2 https://dianeterry.withwre.com/2022/05/06/2022-housing-market-forecast-2#respond Fri, 06 May 2022 16:20:10 +0000 https://dianeterry.withwre.com/?p=28679 Some Highlights What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead. Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs. Let’s connect so you can make your best move this year.

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2022 Housing Market Forecast [INFOGRAPHIC] | MyKCM

Some Highlights

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American Lifestyle Magazine May 2022: May is Finally Here https://dianeterry.withwre.com/2022/05/03/american-lifestyle-magazine-may-2022-may-is-finally-here https://dianeterry.withwre.com/2022/05/03/american-lifestyle-magazine-may-2022-may-is-finally-here#respond Tue, 03 May 2022 16:23:02 +0000 https://dianeterry.withwre.com/?p=28671 “After much anticipation, May is finally here. This issue of American Lifestyle is geared toward helping you prepare for the sunny days ahead. Follow the link HERE, where you will find tips, products, and recipes to make entertaining during the summer a breeze.” Brought to you by Diane Terry and Nahjeen Shirazi-Wu

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“After much anticipation, May is finally here. This issue of American Lifestyle is geared toward helping you prepare for the sunny days ahead. Follow the link HERE, where you will find tips, products, and recipes to make entertaining during the summer a breeze.”

Brought to you by Diane Terry and Nahjeen Shirazi-Wu

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Is It Enough To Offer Asking Price in Today’s Housing Market? https://dianeterry.withwre.com/2022/04/27/is-it-enough-to-offer-asking-price-in-todays-housing-market https://dianeterry.withwre.com/2022/04/27/is-it-enough-to-offer-asking-price-in-todays-housing-market#respond Wed, 27 Apr 2022 16:16:59 +0000 https://dianeterry.withwre.com/?p=28665 If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate […]

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If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price.

In today’s real estate market, buyers shouldn’t shop for a home with the same expectations.

Things Are Different Today

Today’s housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that’s sold today:

  • Receives 4.8 offers
  • Sells in just 17 days

Homes selling quickly and receiving multiple offers shows how competitive the housing market is for buyers right now. This is because there are more buyers on the market than homes for sale. When the number of homes available can’t keep up with demand, homes often sell for more than the asking price.

How Does This Impact You When It’s Time To Submit an Offer?

Market conditions should help guide your decisions throughout the process. Today, the asking price of a home is often the floor of the negotiation rather than the ceiling. Knowing this is important when it’s time to submit an offer, but you should also use that information as you’re searching for homes too. After all, you don’t want to fall in love with a home that ultimately sells for a price higher than what you’ve budgeted for.

The Mortgage Reports has advice if you’re looking to purchase a home in a competitive market. The article encourages you to be realistic with your housing search, saying:

The best thing to do is set your budget and expectations ahead of time so you know how much you can afford to offer — and when to walk away. This will make negotiations a lot easier.”

Of course, when you’ve found your dream home, you’ll want to do everything you can to submit your best offer up front and win a potential bidding war. Knowing the current market is key to crafting a winning offer. That’s where working with an expert real estate advisor becomes critical.

A real estate professional will draw from their experience and expert-level knowledge of today’s housing market throughout the process. They’ll also balance conditions in your area to make sure your offer stands out above the rest.

Bottom Line

Understanding how to approach the asking price of a home and what’s happening in today’s real estate market are critical for buyers. Let’s connect so we can work together to create a winning plan for you.

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How To Approach Rising Mortgage Rates as a Buyer https://dianeterry.withwre.com/2022/04/20/how-to-approach-rising-mortgage-rates-as-a-buyer https://dianeterry.withwre.com/2022/04/20/how-to-approach-rising-mortgage-rates-as-a-buyer#respond Wed, 20 Apr 2022 19:18:38 +0000 https://dianeterry.withwre.com/?p=28655 In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will […]

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In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though you may be tempted to put your plans on hold in hopes that rates will fall, waiting will only cost you more. Mortgage rates are forecast to continue rising in the year ahead.

If you’re thinking of buying a home, here are a few things to keep in mind so you can succeed even as mortgage rates rise.

How Rising Mortgage Rates Impact You

Mortgage rates play a significant role in your home search. As rates go up, they impact how much you’ll pay in your monthly mortgage payment, which directly affects how much you can comfortably afford. Here’s an example of how even a quarter-point increase can have a big impact on your monthly payment (see chart below):

How To Approach Rising Mortgage Rates as a Buyer | MyKCM

With mortgage rates on the rise, you’ve likely seen your purchasing power impacted already. Instead of delaying your plans, today’s rates should motivate you to purchase now before rates increase more. Use that motivation to energize your search and plan your next steps accordingly.

The best way to prepare is to work with a trusted real estate advisor now. An agent can connect you with a trusted lender, help you adjust your search based on your budget, and make sure you’re ready to act quickly when it’s time to make an offer.

Bottom Line

Serious buyers should approach rising rates as a motivating factor to buy sooner, not a reason to wait. Waiting will cost you more in the long run. Let’s connect today so you can better understand your budget and be prepared to buy your home even before rates climb higher.

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