Understand AVMs to Maximize Your Home’s Appraisal Value
Technology has transformed the way homes are appraised, and a new set of rules has emerged for sellers looking to maximize their home’s appraisal value. Understanding modern appraisals is essential, as appraisal value is critical in determining a home’s asking price.
Traditionally, home appraisals were done manually by professionals who used their expertise... Read More
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National Home Sales Down, but Prices Still at Record Highs
Existing-home sales saw a decline in June, with every sales region across the country reporting drops in year-over-year sales. However, according to the National Association of Realtors (NAR), month-over-month sales were more variable, with increases in the Northeast, decreases in the South and West, and stability in the Midwest. Home prices, meanwhile, held firm in most regions of the country. According to Lawrence... Read More
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The Pros and Cons of Seller Financing: What You Need to Know
In the last year, interest rates have surged—with the average mortgage rate more than doubling. This rapid rise has left some homebuyers seeking alternative financing to fund their property purchases. As a result, private financing options have gained popularity in the real estate market. According to data from Realtor.com, the mention of private financing in property listings reached 1.08% in February... Read More
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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.
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Past Newsletters
In case you missed a previous newsletter, all of my Out of Bounds Realty newsletters can be found here.
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Here’s What’s Trending for Kitchen Renovations
Planning to renovate your kitchen? You’ll want to know the latest trends. Houzz recently conducted a survey of 2,380 U.S. homeowners to learn about their kitchen renovation plans and preferences. Here are some of the most interesting findings:
Sustainability Tops the List
Ninety-two percent of those surveyed said they incorporate sustainable features when they’re doing a kitchen renovation, with LED bulbs and energy-efficient appliances being the most popular choices. Water-efficient fixtures and energy-efficient windows are also becoming increasingly... Read More
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Select the Perfect Paint Color and Finish for a Modern Makeover
To achieve a modern makeover, it’s important to consider the right paint color and finish for your interior. Neutral colors like beige and gray have always been popular choices for interior paint colors. In 2023, neutral paint colors are trending toward warmer grays, greige tones, creamy whites, and shades closer to beige. These colors bring warmth and a clean, modern feel to your space. They work well in both traditional and contemporary settings, providing versatility and a fresh look.
When selecting a finish, consider the following options... Read More
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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.
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