Tis The Holiday Season, Is It a Good Time to Sell Your Seattle-Eastside Home?
We have the triple or maybe the quadruple whammy going on in Seattle-Eastside real estate right now.
- The number of homes and condos on the market in King County is now at the lowest point since January of this year, which means the competition to find a buyer is way down.
Weekly County Listing Count 11-30-09
- Interest rates are still near all time lows.
According to Steve Tedrow from Windermere Mortgage : Interest rates have dipped back down near their lowest levels of the year and near a 30 year low. Current rates are hovering around 4.50% (APR = 4.609%) *Rates can fluctuate.
Most people will think along the same lines and plan to sell their homes around March of 2010, as is typical of real estate patterns each year. The real estate market could be flooded with more homes for sale in Seattle and on the Eastside.
Of course, my crystal ball is a bit cloudy right now and no one knows what will happen for sure, but given typical trends, there’s a good chance this will be the pattern for Seattle real estate in 2010.
So why not think differently than most people? If you’re planning to sell in 201o, then buck the typical trend and sell your home now. Now? No one puts there home up for sale during the holidays! That’s exactly the point. If you sell now, there are fewer homes on the market for sale, which increases the odds of finding a buyer for your home.
The current market conditions are among the best of the year. We can’t go back and change economic events and home prices are what they are. But if you make a move up and sell your home for less than your home’s previous value, you’ll also pay less for your new home. And you could be eligible for the $6500 tax credit!
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