~~It’s a tough go for Buyers right now in Seattle. The inventory is very low, and when they like a house so do 12 other Buyers. This market requires Buyers to pay for pre-inspections so they can waive it for the offer. One of my Buyers paid for 4 inspections before they finally got mutual acceptance on a home. I have heard of people doing many more than that even. People are waiving all kinds of contingencies that protect them like financing, appraisal, and title, and it’s insane when this is probably their largest investment.
Now a couple of my clients have informed me that they are tired and need to regain their strength before they attempt to tackle the market in the late Summer or early Fall. I don’t blame them, but I wonder if it will be any better at that time since everyone seems to want to take a break right now and start again when the market cools after Summer.
I also worry about interest rates that have been creeping into the low 4%’s within the last few weeks. That can make a difference for some as to whether they can afford a monthly payment.
AAAARGGHHH! It’s all so frustrating. So let’s look on the bright side of life in Seattle.
Literally, as I write this, it is so darn bright outside at 86 degrees in June. LOVE IT! Everyone is out enjoying the day in their slightly wrinkled summer clothes they just pulled out from the box under the bed.
I have lived here close to 20 years, but I grew up in Sacramento where my father wouldn’t even go bike riding until it hit 100 degrees. Luckily we had a pool to come home to or the American River a block away. I still love the heat and the sun. So why don’t I go back to my hometown? Well, let’s get back to the bright side of life here in Seattle: we actually have water. Not as much as we have had in the past but way more than California! See? Glass half full! (of a Mojito, preferably)
No place is more beautiful on a sunny day than Seattle. We can enjoy the large bodies of water all over the place or hike in the gorgeous mountains that have miles of trails to enjoy. I have an outdoor porch upstairs on my house and it is like sitting in a treehouse. In the Spring the flowers are in full bloom exploding with color. This morning, while many of the flowers have moved on, the yard is full of green, green, green. And the colors in the Fall? My favorite time around here because orange is my favorite color of all. Winter is a bit gray and naked in Seattle, but that just reminds us to bundle up on the porch with hot coffee.
So, I understand why people want to buy a house here. It is a great place to live, work, raise kids, be active, and relax all year round.
Hang in there, Buyers, the right house will come along soon and you will be glad you decided to be a homeowner in Seattle.
P.S. Seattle Sellers, call me, I have 10 Buyers for your house!