There is no argument, it is arduous being a buyer in 2016. however, with the right tools and Gaye Scheel as your Realtor, you will make the correct decisions.
Gaye confirms that when demand exceeds supply buyers must compete for the best homes. Yes, prices are rising BUT interest rates are dropping. As a result, Gaye is advising her buyers that this a great time to start shopping . Gayes “know how” combined with decades of experience, guarantee your success. She uses proven strategies designed to help your offer get noticed and accepted. And NEWSFLASH – it’s not always about price.
Why is there so little inventory? In Gayes opinion, Seattle buyers need affordable housing their push southward is driving up prices. Local owners are reluctant to list before they can find a replacement home. This dynamic is happening in North Tacoma, Fircrest, University Place and Gig Harbor. Heaviest demand is in the lower price ranges and areas with the best access to I-5. Higher priced inventory and homes in areas further out are stagnant with slightly more supply then demand.
The housing market in Pierce County is hopping. The bottom of our market was in 2012 and home prices in most areas of Pierce County increased 22% in the past 2 years. Correctly priced listings receive attention within days but every price point and geographic area in Pierce County has its own mini market. Gayes depth of knowledge is her buyers greatest asset. A positive buying experience requires an experienced agent as well as patience, persistence and good communication between all parties.
Buyers must be pre-approved. As buyers in a competitive market you need to go the extra mile. Having full underwriting approval prior to making an offer is a must. This extra step alone can elevate your offer in a sea of pre-qualifications and pre-approvals. Having a local lender is also a must if you want to improve your offer in the eyes of the seller and their agent. Gaye says you should allow a minimum of 45 days for closing once you are in contract. Depending on how quickly you are able to provide your paperwork to the lender – the underwriting process can add another 20 days.
Obviously this is the fun part. My buyers are surprised how quickly they are able to spot a correctly priced home in their area of choice.
Additional topics for discussion are:
- How the offering process works
- Closing and possession