Selling Real Estate in washington
If you are considering selling residential and commercial property in the northeast region of Washington state, but are not sure how to properly navigate the various markets and trends, then you have come to the right place. Ultimately, whether you are attempting to sell your home, business, or unused portion of land in Stevens, Pend Oreille, or Spokane County—choosing to work with real estate professionals, will ensure a smooth sale.
Spokane County is more of a seller’s market, and real estate here is generally sold after 48 days on the market. In a seller’s market, buyer demand exceeds the current supply. This is obviously a good thing if you are trying to get the best price for your real estate. In fact, it is your listed price that matters most here. Under these conditions, you have a high likelihood of selling your house, property, or business for your original listed price, or better still at market value. But do not get ahead of yourself just yet—remember a seasoned professional can help you manage multiple offers and decide if you should list above market value, or below for more exposure/to spark a bidding war.
At the moment, Stevens County is a buyer’s market, and on average real estate here is sold within 60 days of being listed. As a result, the assistance of a seasoned professional will help you effectively navigate such trends. Though it is often an uphill battle to sell real estate in a buyer’s market in general, you and your agent can work together to sell your property sooner. That said, other vital tips that will facilitate your transaction, include pricing competitively, maximizing marketing, making repairs, and having a third-party inspection. It is also beneficial to update your home, business, or land lot as best you can to attract buyers. What’s more, it never hurts to consider offering buyer incentives in this particular real estate climate.
Pend Oreille County
Pend Oreille County is currently more of a balanced market, and real estate here is typically listed for an average of 74 days before being sold. Overall, a stable or balanced real estate market is actually what it sounds like—buyer demand matches the available supply. In order to come out ahead in this situation, it is highly recommended that you do not count on your listed price. When the market is balanced, buyers tend to be a tad picky, and thus negotiations may take longer, and you may have to make some concessions when it comes to your price. Under these circumstances, it is best to wait to buy before you sell—if you are selling and looking to buy at the same time.