Fences & Flowers

The CB Bain Blog

If you watch HGTV, you’ve seen them popping up everywhere: tiny houses, often mobile, perfectly sized for a simple and more affordable lifestyle. They’re easier to maintain and give owners the option of taking home on the road. Many current homeowners are interested in the tiny house movement. So why aren’t we seeing more of them?

Last spring, for the first time in almost 3 decades, my folks moved. They left the 1960s split-level I grew up in, and moved into a brand new home surrounded by open spaces and friendly neighbors. I'm glad they're in a safer and happier neighborhood! But buying a new construction home was a bit different than your typical existing home real estate transaction.

Dreaming of a new home can be fun and exciting. But when you’re ready to begin the buying process, it can be overwhelming. Where do you start? Should you move to a different state? Should you stick around? Do you want a different kind of home? Is the busy city calling your name or are you content with rural peace and quiet? How can you find the best real estate agent and lender?

In a hot real estate market, one house may get more than a dozen offers in a matter of days. So how do you stand out as a buyer? Is it worth writing a love letter to the seller?

Even though it’s almost February, 2017, I’m still struggling to polish off my New Year’s resolutions for last year. I only had three: attention to health, organization and comfort. I did manage to hit the gym more often than not, and I bought a bunch of new shoes that make my feet deliriously happy. So, two out of three ain’t bad. But organization … well, I’m still working on that one. I successfully cleaned out my closets and reorganized my kitchen cabinets and pantry early in the year, but my home office is still not the tidy, efficient workspace I know it can be. And every weekend, it seems, something more fun exciting urgent keeps popping up instead.  

In the Pacific Northwest, the real estate market is on fire. It’s been a seller’s market for a while, and 2017 is showing the same trends. Folks want to live here, and we can’t blame them. But finding the perfect home with such low inventory is tough. And winning the bidding war? That’s an even bigger challenge. So what’s a buyer to do?

When you think of smart home technology, you may imagine The Jetsons, or Tony Stark's J.A.R.V.I.S. The convenience offered by such high-tech systems seems out of reach, and maybe even impossible. But advancements in digital and automated systems are moving so fast, you might be surprised what the definition of a smart home actually is. In fact, you may already be living in one. 

Every day we hear stories of buyers writing a dozen offers and losing on every one. We hear of buyers who have decided to renew their leases for another year in hopes that they’ll be able to save more money for a larger down payment, or the inventory will have a little more freedom when they decide to try again at the dream of homeownership.

In Seattle, it’s definitely a hot real estate market. With all the latest corporations hiring throughout the area, there are simply more people moving here than there are selling. Consequently, listed homes are snatched quickly, often with dozens of offers made during the negotiation process. So what’s a buyer to do?

When the demand is higher than the supply, competition is intense in the real estate market. As a buyer, it’s tempting to do everything you can to make your offer the most attractive to the seller. But how much is too much?



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