When Home Sellers Chase the Price Down

What does it mean to chase the price down? For a home seller it means reducing the listing price again and again, but each time they are just behind the market trend, and instead of being on the front edge and getting their home sold, they are behind a market pull back every time they

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Sellability and Appreciation

How important is sellability and appreciation in your home? Extremely important, and I’ll tell you why. Too many widows in their 80s have been left with a home they cannot sell, and it becomes a nightmare for them when they are struggling to maintain the property and pay property taxes. I’ll explain what has happened to many

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Sequim Home Prices Compared to Other Areas

Sequim home prices are fairly reasonable compared to many areas of the country. We are probably in the middle when it comes to the price of a three bedroom, two bath home. Here are three homes in three areas of the country from the cheapest homes prices to the most expensive home prices. For $65,000,

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Fair Market Value Pushed Up by Shrinking Inventory

The fair market value of home prices is determined by supply and demand. That is fundamental economics. But something unique is happening to Sequim and Port Angeles real estate prices that you may want to know. When supply decreases over a period of time and demand remains steady, prices will be pushed up. That’s logical, but there’s another

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What Happens When a Home is Overpriced

What happens when a home is overpriced?  A lot.  The implications of having a home that is substantially overpriced in the MLS can be tragic.  Here is what I have seen . . . more than once.   A home was overpriced by almost 25%.  In other words, it was listed in the MLS at

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Sequim and Port Angeles Price Volatility Low

“Economists have predicted that home prices will continue to decline for the next five quarters as a growing number of foreclosure sales depress prices. According to Mr Yun, 45 per cent of transactions in December were distress sales at discounted prices.”   See Bargain Hunters Spur US Home Sales.   Price have dropped by large

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Prices of Sequim Homes for Sale, Port Angeles Real Estate

Here’s what’s been happening in the Sequim and Port Angeles real estate market (the stats include all of Clallam County for the fourth quarter of 2007 and are provided by the Washington Center for Real Estate Research). New building permits are down 18.6% from one year ago. Homes sold are down in Clallam County by

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