Did you know that 25% of homes sold in West Seattle's 98116 zip code in the last month went straight to Pending? What am I talking about? That means that a quarter of homes sold likely sold with no inspection contingency and with multiple offers. The average home went under contract within one week of listing. Interesting stuff. Is the glass half empty or half full?
What does a potential home seller think of this? Well, it certainly appears to be a great time to list your West Seattle home. Chances are you'll sell it fast and for good money. You will enjoy the upper hand in negotiations, and you won't have to languish on the market long provided you are well presented, promoted, and priced.
If you are a beleaguered buyer who just wants to get a decent house, 75% of these homes did NOT receive multiple offers. Buyers were able to negotiate terms that provided for their home inspection contingency. In fact, the Sweet Living Crew has helped 6 happy families get the homes they wanted in the last couple of months. Wait, make that 7! Congratulations to Mr. O'Brien, who is enjoying some luck of the Irish and just got his offer accepted as I type. I love it.
Happy St. Patrick's Day! - Kristen