Fences & Flowers

The CB Bain Blog

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?

What comes first; the chicken or the egg? In the world of real estate, inspections usually come after an offer is made. But right now, in Seattle and many other seller’s markets, pre-inspections are becoming more and more common.

Our market is truly feeling the sense of supply and demand. There are not enough properties to sell! We really need listings! Inventory (supply) is very low and the pool of buyers (demand) is very high.

How much is enough when it comes to investigating what will most likely be your largest financial investment?

Mar 11, 2016

Written by:

Michael Ackerman

If you’re selling your home and it’s currently vacant, you may think those empty rooms are the perfect clean slate for potential buyers to imagine their ideal décor. But properly staging your rooms can instantly make your home more emotionally appealing.

While we can’t control the kind of real estate market we are in, we can control the brand and agent that we use when buying or selling our home – the largest financial investment most of us have. Discount brokerages and independent companies pop up when the market is strong; and oftentimes they will entice home sellers to work with them for lower fees. If you’re thinking of selling your home, regardless of the market conditions, brand matters.

In December of 2015, Redfin rolled out its new Automated Valuation Model (AVM) tool, otherwise known as the “Redfin Estimate”, to compete with Zillow’s AVM tool, the “Zestimate”, plus others. It’s been over 10 years in the making, and Redfin wanted to get it right.



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