Currently in Whatcom County, aproximately 12% of active property listings (including commercial, vacant land, and residential) are either Bank Owned or Short Sales. What does this mean for buyers? If a buyer is looking for a ‘good deal’ and is willing to either wait on a short sale or repair a bank owned home, this means 12% of the inventory for the buyer to search may fit their needs. ~If you are a buyer and would like assistance finding the right buy in the 12% market, please contact either Julie (360.296.6092) or Danielle (360.483.6490) for assistance in your search.
What does this mean for the current or potential Seller? If your home is or will be in direct competition with any of that 12%, then you will need to make sure your property is in the best condition possible to justify asking actual market value for your home. Put yourself in the buyers’ shoes and ask, ‘why would I pay more for a home in the very same condition, when I can get a short sale or bank owned for less?’ If your home is pristinely clean and well staged however, you will set your property above those short sale and bank owned homes you are in competition with. For assistance with listing, staging, or tips on how to best present your home please contact either Julie (who has a degree in interior design – 360.296.6092) or Danielle (who is borderline OCD with her organizational skills and cleanliness – 360.483.6490). As a team, we provide the best of both.
~Note: If your property is currently listed with another agent, this is not intended as a solicitation of that listing.