Thursday, January 11, 2007

Real Estate Profitability

I'm really optimistic about 2007. I think that a lot of the buyers that were holding back around the holidays are starting to re-enter the market. Mortgage applications are up in my area and prices seem to have stabilized. Of course it is more important now to price a home right the first time. The homes that are priced right are percieved as the cream of the crop and outsell their competition. I work with my sellers to achieve the highest realistic price for their home, and I impress upon them that it's the market that sets their price, not their need or greed.
Oh, and another thing. I used to counter low ball offers in a sarcastic tone. If they came in at $20K below the asking price, I would counter back at $20K over the asking price, and let the selling agent know that my sellers were deeply insulted. Since our market has cooled since 2005, I have a different tone. I look at any offer and think, "well,here's a starting point, let's put this together". That strategy has paid off for me. Sometimes you just have to roll with the punches.

Tuesday, January 02, 2007

New Listing in Sedro Woolley

Sedro Wooley charmer on about 1/4 acre. 2Bed 1Bath with many upgrades. New Kitchen cabinets and stainless steel appliances. A remodeled bathroom with jetted tub and tankless gas water heater. The exterior boasts a new roof, 16x16 cedar deck, hot tub, and a poured concrete patio. Garage has been rewired, plummed and framed in for additional space (shop,rec room, storage)just needs some finish work. Offered at $189,900.00 by Andrew Culp Realtor John L. Scott Anacortes (360)391-9342