Home Sellers: Be Prepared to Evaluate Multiple Offers
If you are selling your home in today’s hot real estate market, you will probably encounter every home seller’s dream: multiple purchase offers. Typically, multiple offers result in a bidding war as competing buyers bid up the price of the home. This is great news for a home seller, but there are other things to consider besides the highest price when looking at multiple offers.
The Highest Offer Isn’t Always the Best Offer
A higher price can mean it is tougher for... Read More
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Housing Demand Is Strong but Fewer Homes Are for Sale
The housing shortage continued into April because inventory levels, a metric the National Association of Realtors (NAR) has been tracking since 1982, were near record lows. At the end of April, there were 1.16 million units available for sale, a 10.5% increase from a month ago but a 20.5% decrease from a year ago. At the current sales pace, unsold inventory would supply the market for only 2.4 months... Read More
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Six Simple Ways to Go Green In the Kitchen
Even a few small changes to your daily home life can add up to worthwhile savings for both your bank account and the environment. Most of these ideas are inexpensive and easy to incorporate into your daily routine. As the cliche goes, “Every little bit helps!” Try these ideas to save energy in the kitchen:
Upgrade to Energy Efficient Appliances
As your appliances age and need replacing... Read More
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Mortgage Rates since 1971
Have you wondered just how good the good interest rates right now are? And where we’ve come from? Take a look to see what the averages looked like in the past: outofboundsrealty.com/mortgage-rates-since-1971
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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: outofboundsrealty.com/for-information-1
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Should You Pay Extra for a Home Warranty?
A home warranty provides homebuyers with financial protection and peace of mind. It can be especially beneficial for someone investing in an older home. If an appliance or system covered under the warranty malfunctions or fails, then it will be repaired or replaced at no cost―except for the cost of service.
While some sellers include home warranties in the sale, others do not; in which case, you may want to consider buying a home warranty on your own.
What Does It Cover?
A basic home warranty will typically provide coverage for the home’s plumbing system... Read More
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Design the Outdoor Living Space of Your Dreams
There’s nothing better than being outdoors with friends and family during the summertime. Maximize your enjoyment of nature at home by building a fabulous outdoor patio to spend your summer outside. Use these design ideas to create comfort and functionality.
Protect the Area from Rain and Sun
A patio cover will protect you and your guests from the harsh elements. If you can, have your patio cover built to look as if it has always been a part of your home. Attach it to your house with construction that matches your home’s roof. Wood is an excellent choice for a gorgeous, natural patio cover that will hold up for many years... Read More
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Past Newsletters
In case you missed a previous newsletter, all of my previous Out of Bounds Realty newsletters can be found here: outofboundsrealty.com/newsletters
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