The Belligham Real Estate Market is on the rise a bit from last year at this time in the number of sales but about even in terms of price. Where are we headed?
Interest rates are crawling up, so now might be the best time to buy, as interest rates go up your buying power goes down, so you can afford a less expensive home.
If you want to get your house to sell quickly the best advice is to set the price right from the start. The homes that sell the fastest are the ones that are priced right from the beginning to beat the competition, and are in good condition.
If your looking to buy, have your pre-approval ready before you can make an offer on that home you really want. If your dream home is relatively new to the market be ready to pay full price, maybe even a bit more as the low number of homes for sale, and hungry buyers eager to get a new home is bringing multiple offer situations back to the market.
Let’s talk about where the market is headed. Is it better to rent or own?
If you’d like some help buying or selling give me a call at 360-739-6981.
Thanks for reading the Bellingham Real Estate Market Report – April 2013