How Are Market Fluctuations Affecting Seattle Home Sellers?

By 

share

Recent stock market volatility has been the source of intense speculation among real estate experts. The next recession may or may not be around the corner which leaves many to wonder: what are the implications for buying and selling in today’s hottest markets?

The Pacific Northwest housing market is on fire.  If you own a home in Western Washington, the decision to sell in 2018 could mean cashing out pretty big right now.

Let’s have a look at how market fluctuations are driving lucrative opportunities and what it means for prospective  Seattle home sellers.

Low inventory and high demand

Real estate is cyclical. When property values rise, and prices surge, the market invariably reaches a peak. The consensus among analysts and experts is that these numbers will continue climbing. As a result, homeowners are keeping a close watch on their soaring equity and their position for cashing out.

In most areas of Washington, the inventory of available homes for sale has plummeted to all-time lows. The strong economy and unprecedented population growth are responsible for the limited supply and thus a high demand for real estate statewide.

The combination of skyrocketing prices and shortage signals tough times for home buyers and a lot of promise for enterprising sellers.

Interest rates on the rise

Volatility in the stock market means different things for different sectors of the economy.  In general, there is a correlation between stock market values and property values. Both tend to do better in healthy economies.  But understanding the bigger picture of real estate prices and buyer/seller trends means paying attention to interest rates.

Increasing interest rates puts downward pressure on housing prices. Home buyers’ purchasing power diminishes. As a result, they may consider buying now rather than later when the rates are higher. Or, they may back off and wait for better days. No buyer in his right mind wants to overpay.  Then again, everyone needs somewhere to live.

For buyers, enduring the housing market’s potential downturn may mean buying for the long term. Investing in a property only to sell it in a year or two for quick cash is probably not the best move considering the circumstances.

Selling a home in a hot market

With so many people relocating to the greater Seattle area for high-wage jobs, the competition is fierce. As a result, the market is a battlefield for bidding wars and homes are being purchased for well above asking prices.

So what does that mean for homeowners on the fence about selling? Is it truly as easy as listing a property and stepping back to watch the offers roll in? Maybe. But there are no guarantees. If you want to sell quickly, and for a fair price, you need to think ahead.

The spring buying season usually kicks off around mid-February. This year, potential buyers are taking action earlier than ever before. Across the country, homes have been selling two weeks faster than they were during the same time last year.  And in Greater Seattle, buyers are visiting open houses and signing on the dotted line, all within a matter of days.

If the property is priced competitively, listed and marketed properly, and staged well, home sellers in a hot market have an excellent chance of receiving multiple offers from the get-go.

It is clear that market volatility puts things in motion. Although nobody can predict the future, it is safe to say that 2018 is very good year for being a homeowner in in Washington state. It may be a great time to sell the property now before a greater recession comes along and housing prices spiral downwards.

Do you want to cash out quickly? Let us help you weigh your options. We are professional home buyers that pay cash for homes in and around the Puget Sound area including Seattle, Tacoma, Everett, Kent and beyond. Give us a call today and tell us about your property.  

share
Get More Info On Options To Sell Your Home…

Selling a property in today’s market can be confusing. Connect with us or submit your info below and we’ll help guide you through your options.

What Do You Have To Lose? Get Started Now…

We buy houses in ANY CONDITION. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property…

Simply Call Us 206-681-2784 Or Fill in The Form Below For Your No Obligation “As-Is” Cash Offer!

Would you like to receive SMS notification from I Will Buy House about this offer?(Required)
By selecting "Yes" above, message and data rates may apply. Message frequency varies and depeneds on the activity of you reservation. You can opt by responding STOP at any time. For more information please review our Privacy Policy and Terms and Conditions. If you choose not to reveive text messaes we will give you a courtesy reminder call 1-2 dats prior to your appointment.
I Agree with terms and conditions
By selecting this box, you would like to receive email promotions, surveys and offers from I will buy house. Note that you email interactions can be used to perform analytics and produce content & ads tailored to your interest. Please understand that there is no charge and that you can unsubscribe at any time by using the links provided in the emails on cantacting us. Please consult our Privacy Policy.