Ever hear anyone say, “If you want a deal, buy a fixer-upper”? How accurate is that? When it’s slow and hard to sell a property, fixer-uppers can be a bargain and often sell for less than asking price. But, our market isn’t slow right now. If you’re trying to buy a home and frustrated because all the investors are “getting a deal,” think again. Over half of the fixer-uppers sold at or above list Continue Reading

Looking at market trends sometimes only yields facts; however, look deeper and those facts can indicate useful trends. In February, there were 277 3 & 4-bedroom (BR) home sales, while there were only 113 sales of 1, 2, 5, & 6 BR homes combined. First, if you’re a home buyer, your main competition is for 3-4 BR homes. Can you do with more or less than 3-4 BR? If so, you may have a better Continue Reading

Despite rising interest rates, the Spokane market is still active. In October, sold properties averaged 36 days on the market, which has held steady since April. Just like food has a shelf-life that’s good up to the expiration date, homes for sale also have a “market-life,” if you will. This year, expired listings almost had double the average days on market of sold properties each month. In Continue Reading

Playing the Odds One interesting real estate statistic is the “odds of selling,” which indicate the chance of a successful sale. For August 2018, the odds of selling are 58%. If you list your house for sale, there’s a decent possibility that it will sell. Conversely, there is a 42% chance that it will not sell. Obviously, not every property reaches the closing table. What makes the difference? If Continue Reading