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  • October Newsletter

    Thursday, October 1, 2020   /   by Jason Gasbarra

    October Newsletter

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    Buyers, this one's for you.


    This month we’ve packed this newsletter full of strategies to make a confident purchase as well as information on the homebuying and investing processes. It might be a hot market, but that doesn’t mean you have to feel the pressure. Let us help you gain confidence to move toward your homebuying goals.



    FEATURED




    TIPS FOR A HOT MARKET


    Seattle’s market is hot. As a buyer you need to be prepared. Every Door Broker Jarrett Coulson details out four ways that buyers can navigate the current market successfully.

    1. Meet with your agent.
    2. Obtain pre-approval.
    3. Understand the pros and cons of waiving contingencies.
    4. Look for homes that have been active for more than two weeks.

    Watch the video or read the blog for more information on each of these points.



    Related Articles


    Q: What 5 Steps Should Every Homebuyer Take?
    Avoid These 4 Home Buying Mistakes

    See more blog articles.



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    A GUIDE TO CONTINGENCY CONTRACTS

    If you’ve ever seen a house listed as “contingent,” and wondered what that means, we have answers. “A contingency contract in real estate is a conditional purchase agreement, with stipulations that must be met in order for the sale to be completed.” They’re very favorable to buyers, and they also allow sellers to take backup offers. 

    DIVERSIFICATION V. SPECIALIZATION?


    Investors who diversify focus on buying many different types of properties. This is a way to protect against big losses if the market shifts. Investors who specialize focus on buying the same property type over and over, hoping to replicate success. Which approach is best for you? This Forbes.com article offers simple questions to ask yourself and a list of pros and cons that will lead you toward the best investment approach for your goals.



    MARKET TRENDS


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    THE COMEBACK ECONOMY


    Americans’ wealth is making a comeback. After COVID-19 sent the U.S. into a deep recession, stocks and the housing market have been recovering. In the second quarter, “household net worth increased by $7.6 trillion.” The Seattle Times has the full article.



    SEATTLE NEWS


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    Ken Lambert  |  The Seattle Times

    august breaks records


    The King County market continued to go up in August! The Seattle Times reported, “The median King County home sold for $742,950 last month [August], the second consecutive month of record-setting price growth … Median home prices elsewhere in the Puget Sound region also broke records.” Read the article for an interactive map of the various submarkets.



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    TRENDS & ANALYSIS


    Listen up, buyers! “Instead of increasing year-over-year, home values may decline, which could represent a great opportunity for investors.” For a full overview of the Seattle real estate market, including insight on investing, foreclosures, prices, and forecasts, read the updated FortuneBuilders.com Market Trends & Analysis report.



    EVERY DOOR NEWS + UPDATES



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    TOP TEAM-OWNED BROKERAGES BY SALES VOLUME HONOREE


    Congratulations to our team for ranking #22 in this year's The Thousand. 



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    FIND YOUR DREAM HOME


    SEE CURRENT LISTINGS



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