Courtesy of Kara Tiernan of Ewing & Clark, Inc.
2013 is looking like a seller’s market but not so much to warrant audaciousness. Inventory in King County is approximately half of what it was from a year ago and this combined with low interest rates is causing homes to sell quickly and at prices much higher than the market low at the beginning of 2012. Buyers are often finding themselves in bidding wars and paying over the asking price in many cases. This is good news for sellers who have been waiting to sell their homes, but sellers may also need a dose of caution. There has never been a more important time for homeowners to have their house looking its best when entering the market and having their home priced right is essential. Failing to do so, could easily cause a seller to get anywhere from 5% to 15% less for their home.