Myth #1: In order to get the most money when we sell our home, we should price it just over market value, expecting buyers to make a lower offer.
Fact: In order to get the most money, you should price your home just under market value. YES! By pricing your home just under market value, you will probably get an offer much sooner and not have your home languish on the market. This has many advantages, not the least of which is reducing the inconvenience to you and your family. You will most likely get a full price offer quickly and save time in negotiations and close much quicker than pricing it over market. When you price your home under market value, buyers know it will sell quickly and they have to be ready to make an offer that will be acceptable.
Myth #2: If we get an offer from a pre-qualified buyer, we are guaranteed a quick closing.
Fact #2: "Pre-qualified" is meaningless. Pre-qualification merely means the buyer has gone to a lender and said their credit is good, income is X dollars, and they have X debt. Nothing has been verified. "Pre-approval" is what you must see and hear. Don't ever accept an offer from a buyer that is not "pre-approved"! Pre-approval means the information has been verified and the lender can offer assurance a loan, for the specified amount, will be approved... if the information does not change. This information is again verified just before closing, so if a buyer loses their job or buys something else on credit, a new pre-approval process is required and the buyer may or may not still qualify for the original loan amount. It rarely happens, but it does happen if a buyer is not savvy to these rules of loan approval.
It's going to be hot again this week... so stay cool and pray for our firefighters!
Erin Davidson
Wenatchee Real Estate Agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate news, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
Wenatchee Real Estate: First Half 2014 Review
The North Central Washington real estate statistics for the first six months of 2014 are out!
Overall, Wenatchee area home prices are up from a year ago, but the number of homes sold is down. How can the price be up, with sales down? Supply and Demand. There are considerably fewer homes being listed for sale. Limited inventory creates higher prices.
I could list all the details here but, better yet, you can see all the details for yourself... direct from the source on the Pacific Appraisal July 2014 SNAPSHOT report.
If you are interested in more North Central Washington real estate historical statistics, you can access as far back as the beginning of 2010 by following that link from the Pacific Appraisal website. It covers the market areas in Wenatchee/East Wenatchee, Cashmere, Leavenworth and Chelan.
Hope you are having a great summer!
Erin Davidson
Wenatchee Real Estate Agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
Overall, Wenatchee area home prices are up from a year ago, but the number of homes sold is down. How can the price be up, with sales down? Supply and Demand. There are considerably fewer homes being listed for sale. Limited inventory creates higher prices.
I could list all the details here but, better yet, you can see all the details for yourself... direct from the source on the Pacific Appraisal July 2014 SNAPSHOT report.
If you are interested in more North Central Washington real estate historical statistics, you can access as far back as the beginning of 2010 by following that link from the Pacific Appraisal website. It covers the market areas in Wenatchee/East Wenatchee, Cashmere, Leavenworth and Chelan.
Hope you are having a great summer!
Erin Davidson
Wenatchee Real Estate Agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
Wenatchee Real Estate: What We Learned This Week
Disaster Strikes! No one ever thinks it will happen to them, but it happens... and it could happen to you, regardless of where you live!
Anyone who follows the news in North Central Washington (or the Pacific Northwest for that matter) knows disaster has stricken in the form of forest fires. Dozens of Central Washington homes have been lost, with many more currently in danger.
All this news brings to the forefront the extreme importance of being prepared in case of disaster, regardless of what form it comes in. We don't have any control over the whims of Mother Nature, but we can be prepared. Are you prepared?
I came across a couple of good articles outlining what to do in order to be as prepared as possible in case of the need to evacuate your home in a hurry. It is definitely worth taking the time to read and follow through.
How To Be Prepared For An Emergency Evacuation.
Even though it comes out of the Virginia Cooperative Extension, here is another article on:
Emergency Preparedness
Are you prepared? If not, please take the time to follow-through on this process. It will give you tremendous peace of mind, knowing you have the necessary documents to get help when you need it most.
Be Safe. Be Prepared.
Erin Davidson
Wenatchee Real Estate Agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
Anyone who follows the news in North Central Washington (or the Pacific Northwest for that matter) knows disaster has stricken in the form of forest fires. Dozens of Central Washington homes have been lost, with many more currently in danger.
All this news brings to the forefront the extreme importance of being prepared in case of disaster, regardless of what form it comes in. We don't have any control over the whims of Mother Nature, but we can be prepared. Are you prepared?
I came across a couple of good articles outlining what to do in order to be as prepared as possible in case of the need to evacuate your home in a hurry. It is definitely worth taking the time to read and follow through.
How To Be Prepared For An Emergency Evacuation.
Even though it comes out of the Virginia Cooperative Extension, here is another article on:
Emergency Preparedness
Are you prepared? If not, please take the time to follow-through on this process. It will give you tremendous peace of mind, knowing you have the necessary documents to get help when you need it most.
Be Safe. Be Prepared.
Erin Davidson
Wenatchee Real Estate Agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
A Vacation Checklist... Things NOT To Forget
For the most part, I try to keep this blog specifically focused on Wenatchee real estate. It' vacation season, though, so when I saw an article titled "14 Things You Forget To Do Before Leaving For Vacation", I decided it was a good topic to share.
Hope you are having a great summer and ARE planning a fun vacation!
Stay cool!
Erin Davidson
Wenatchee real estate agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
Hope you are having a great summer and ARE planning a fun vacation!
Stay cool!
Erin Davidson
Wenatchee real estate agent
Free Search of the entire Wenatchee real estate MLS
Current Wenatchee real estate new, info and trends
Wenatchee homes, East Wenatchee homes, Malaga homes,
Cashmere homes, and Leavenworth homes
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