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Real Estate News from Bob Ferguson
August 2022 Visit my Website | bob@outofboundsrealty.com

Market Statistics Around the Puget Sound Region

 

The market has been very dynamic for years -- either a strong seller's market or a strong buyer's market. I've put together some graphs to show what's happening.

Selling a Home Is Stressful; Here Are Some Helpful Suggestions

 

Selling your home and moving on to bigger and better things can be exciting, especially in a seller’s market. However, some unexpected stress might come along with the home-selling process. Here are four ways selling your home may be more disruptive than you thought—and how to get through the process in one piece.

1. Taking the “Home” out of Your House
Your real estate agent will give you advice, and potential buyers will have their own personal tastes... Read More

Six Things That Should Always Be Covered in a Home Inspection

 

Buying a home is a big investment that is accompanied by risk. Minimizing that risk is as simple as arranging for an inspection of the home to ensure that everything is working properly. A thorough inspection of these areas is important before buying or selling a home.

Electrical inspections are very important. Making sure a home’s electrical system is safe can’t be... Read More

National Home Sales Decline, but Prices Continue to Rise

 

For the fourth month in a row, existing-home sales have declined, with May’s year-over-year sales dropping in all four major regions in the country. According to the National Association of Realtors (NAR), month-over-month sales fell in three of the four regions. Climbing mortgage rates have impacted housing affordability, and economists are predicting further sales declines throughout the year. “Nonetheless, homes priced... Read More

Past Newsletters

 

In case you missed a previous newsletter, all of my Out of Bounds Realty newsletters can be found here.

Mortgage Rates since 1971

 

Interest rates have changed -- jumped, some say. But, looking at the past can put into perspective how good or bad the current rates really are. Take a look.

Design Tips That Make a Small Area Seem More Spacious

 

Small houses and tiny spaces have their own kind of charm but can easily become cramped. Maximize your small space by choosing furniture in the right colors and designs so you can keep that spacious feel, no matter the size of your house.

Scale Down Your Furniture 
Furniture size is crucial in small spaces. Never opt for a full-fledged sofa if you’re living in a tiny... Read More

A Cash Offer Isn’t Always Better—Consider These Things First

 

The cash buyer almost always outranks the financed buyer because there is a lower chance of the deal falling through, and typically, a cash buyer can close faster than a financed buyer. These are very attractive benefits, yet there’s more to a home offer than a finance contingency and the closing date. Here are three things you should scrutinize before accepting a cash offer.

1. Other Contingencies
A cash offer contains no finance contingency, but that doesn’t mean the offer is contingency-free. Most buyers reserve the right to appraise and inspect the property before closing and to withdraw from the contract if the inspection reveals any major repair issues. If an inspection reveals problems, you will have to carry out the repairs or renegotiate the purchase... Read More

Bob Ferguson, 11423 20th Avenue S, Burien WA 981868
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.



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