“Should I submit a backup offer?” is a question I hear in this seller’s market, and it’s a little different answer in the Sequim real estate market than you might get in San Diego or even Seattle. This video below the photo of the contract is part of my series entitled Sequim Real Estate Questions and Answers,” and I think you might find it helpful.
In a market of new home buyers or young buyers where financing failures are common, that doesn’t happen much in the Sequim market where buyers are almost entirely retirees with excellent credit and large down payments. I’ve learned that markets are quite different around the country, depending on the age and financial strength of buyers, the motivation of sellers, the health of the local economy, and the strength of the real estate markets from whence the buyers in that market are coming. Older buyers behave differently than young buyers. Inventories vary, and the prices can vary for many reasons. Sequim is unique in many ways. It helps for buyers to know that.
Here are some of the nuances in the Sequim market that you might want to know about:
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