Wow, Sequim homes are selling. We are approaching what I would call a hot market. It remains to be seen if this is a short term or long term trend. For now homes are selling better and faster than they have during the entire six year recession.
Homes Are Selling
Many homes are selling in Sequim and in Port Angeles, and these four are pending. The selling prices of these four homes ranges from $292,500 to $670,000. Prices appear to be creeping upward because of the demand. We are a long way from being able to say that we are in a long term recovery in the Sequim real estate market, but since homes are selling so much quicker and in larger numbers than in many years, I think it is fair to say that we appear to be in the early stages of a recovery.
What This Means – Homes Are Selling
For buyers this means that when you find the ideal home, draft the offer and get it submitted. Don’t dilly dally, and don’t play hardball with the sellers on minor details. Negotiate your best price, but beyond that, be careful about trying to press the seller to repair small items that show up on the home inspection report, because the seller may have one or two backup offers at higher prices, and the seller may actually be hoping you terminate the transaction.
Possibly Related Posts:
- Why Negotiating is Not for Amateurs
- Traps for the Unwary Buyer
- Negotiating Mistakes Kill Deals
- From Offer to Mutual Acceptance
- The Danger of Unmanaged Emotions in Negotiating