Do your eyes glaze over when looking at a long list of annual health insurance enrollment options – or maybe while you’re trying to calculate how much you owe the IRS? You might be wondering the same thing we are: Where’s the guidebook for all of this grown-up stuff? Whether opening a bank account, refinancing student loans, or purchasing car insurance (...um, can we just roll the dice without it?), we’re just as confused as you are. Enter: “Grown-Up Stuff: How to Adult” a podcast dedicated ...
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Is the Puget Sound Real Estate Market Going Crazy?
Manage episode 154994105 series 1142502
コンテンツは Josh Pemberton によって提供されます。エピソード、グラフィック、ポッドキャストの説明を含むすべてのポッドキャスト コンテンツは、Josh Pemberton またはそのポッドキャスト プラットフォーム パートナーによって直接アップロードされ、提供されます。誰かがあなたの著作物をあなたの許可なく使用していると思われる場合は、ここで概説されているプロセスに従うことができますhttps://ja.player.fm/legal。
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report
Today I’m going to be giving you a real estate market update for the Puget Sound area. I have a few concerns about the market and I will be addressing them here.
You need to understand that at this time last year, the average sale price in Puget sound was $521,000. This year it is now $615,000. That is 14% appreciation in one year! That’s almost unheard of. That’s a change of $236 per sq. ft. and now we’re closer to $270.
These multiple offer situations are driving home prices through the roof. When cash buyers come in, they don’t need to get an appraisal done on the home, so the appraisers have no chance to value the home. This is causing home values to rise unchecked. Foreign investors are also bringing in a lot of money to the area, and these people often have deep pockets.
Appraisals keep checks and balances on the real estate market, so how are we going to handle this problem?
If you’re a buyer, please understand that this is normal. We’re seeing levels rise to where they were at the peak of the market, so you’re not getting ripped off. However, be wary when you’re fighting 15 other people for a home and the price escalates rapidly. What I suggest you do is look at homes that have been on the market for 2-3 weeks. There will be less competition from buyers and these homes will be more affordable. Just make sure that they’re in good condition.
If you have any further questions, please don’t hesitate to contact me!
17 つのエピソード
Is the Puget Sound Real Estate Market Going Crazy?
Seattle's I Got Smart Real Estate Podcast with Josh Pemberton
Manage episode 154994105 series 1142502
コンテンツは Josh Pemberton によって提供されます。エピソード、グラフィック、ポッドキャストの説明を含むすべてのポッドキャスト コンテンツは、Josh Pemberton またはそのポッドキャスト プラットフォーム パートナーによって直接アップロードされ、提供されます。誰かがあなたの著作物をあなたの許可なく使用していると思われる場合は、ここで概説されているプロセスに従うことができますhttps://ja.player.fm/legal。
Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report
Today I’m going to be giving you a real estate market update for the Puget Sound area. I have a few concerns about the market and I will be addressing them here.
You need to understand that at this time last year, the average sale price in Puget sound was $521,000. This year it is now $615,000. That is 14% appreciation in one year! That’s almost unheard of. That’s a change of $236 per sq. ft. and now we’re closer to $270.
These multiple offer situations are driving home prices through the roof. When cash buyers come in, they don’t need to get an appraisal done on the home, so the appraisers have no chance to value the home. This is causing home values to rise unchecked. Foreign investors are also bringing in a lot of money to the area, and these people often have deep pockets.
Appraisals keep checks and balances on the real estate market, so how are we going to handle this problem?
If you’re a buyer, please understand that this is normal. We’re seeing levels rise to where they were at the peak of the market, so you’re not getting ripped off. However, be wary when you’re fighting 15 other people for a home and the price escalates rapidly. What I suggest you do is look at homes that have been on the market for 2-3 weeks. There will be less competition from buyers and these homes will be more affordable. Just make sure that they’re in good condition.
If you have any further questions, please don’t hesitate to contact me!
17 つのエピソード
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