Inland Northwest's Real Estate Adventure

The Best Time To List Your House? TODAY! You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many regions of the country. In a  recent interview  discussing the housing market,  First American’s Chief Economist  Mark Fleming put it simply: “The biggest challenge is really the availability of supply.” When we look at available inventory numbers released by the  National Association of Realtors  (NAR), we see that the actual number of homes for sale has decreased in each of the last five months. What does this mean to you as a seller? The best time to sell is when there is less competition. That guarantees you a better price and fewer hassles in the transaction. Bottom Line ...

Buying A Vacation Property? Now Is A Good Time! Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence,  AccuWeather  warns: “The late-week cold shot should fade next week, but this is a warning shot for winter’s return late in the month and early February.” Given this, it’s time to go and stock up on winter weather supplies! However, if you’re tired of shoveling snow and dealing with the cold weather, maybe it’s time to consider obtaining a vacation home! According to the  Investment & Vacation Home Buyers 2018 Report  by  NAR : “ 72% of vacation property owners and 71% of investment property owners believe now is a good time to buy .” It’s time to take advantage of the equity in your home. As the latest  Equity Report...

Why you shouldn’t “wait until spring” to buy a home! It will save you $$ and headache! Based on prices, mortgage rates and rising rents, there may have never been a better time to purchase a home than right now. Here are some reasons why you should consider buying now instead of when the Spring market hits. Price Increases  – The costs of building are continually going up. Especially if you are going to buy new construction this year, NOW is a way better time to do so before the builders raise their prices for the spring Market. If you are a first time buyer, you will probably pay more both in price and interest rate if you wait until the spring Mortgage Rates  – It is likely that you have heard about interest rates in the past year. The talk has been that they are going to keep rising little by little and most economists believe that when the spring market rolls around and our economy is still prosperous the interest rates are going to make significant increase ov...

Selling Your Home? Make Sure The Price Is Right! If you’ve ever watched  “The Price is Right,”  you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price. In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year. They will have to employ the same strategy:  be the closest without going over! As we have explained  before , pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search! Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong througho...