2023 September Newsletter

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The Off-Market Option

Most of the time, it’s best to list your house on the open market. But sometimes, it’s better to keep it off-market and away from the popular listing sites. This newsletter will help you figure out if the off-market option is best for you, and as always, a great place to start is to find out how much your home is worth.

Market Check

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Every Door Market Report

The numbers for July are in! The number of new listings for July 2023 was way down compared to a year ago. This shows a hesitancy among sellers, even though the numbers also show that sellers are receiving more than 100% of list price.

Take a look at how your county has been trending in the market.
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Mortgage Rate Hits New High

It’s not only sellers who seem hesitant. Buyers are cautious, too. A dip in the demand for mortgages has pushed the mortgage rate to 7%, a new high. As inflation continues, rates will likely keep climbing. Many are watching the Federal Reserve to see what they will do next. There is hope they will bring rates down. Read the Inman article here.
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A Bit of Perspective

“We had a pandemic, when things happened that caused our industry to spike, and now it’s coming back down to normalcy again,” Keller Williams Executive Chairman Gary Keller shared this at an annual Keller Williams event for their brokers. He went on to give his predictions and insights for real estate in 2024. Read the write-up here.

Every Door Insights

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Off-Market Listings

When should you list your home on the open market, and when should you pursue off-market offers? We break it down for you in this short video.
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Pros and Cons of Off-Market Listings

For even more information on off-market listings, check out the pros and cons list from Forbes.com. An off-market listing can help if you want to preserve privacy (the listing is shared agent-to-agent instead of blasted out on the Internet), it can help you test the market to see if your price is of interest, and it can be a way to sell a rental property without disturbing tenants. Read the article here.
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How to Find and Buy Off-Market Listings

You might not be ready to sell an off-market listing, but maybe you’re interested in buying. Investopedia suggests three methods to finding off-market listings: contact real estate agents directly; search online FSBO (for sale by owner) listings on craigslist, the newspaper, and more; and approach homeowners directly. “You may be able to find a lead by door-knocking or sending out mailers,” the article suggests. Read the full article here.
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Is the Off-Market Approach Right for You?

HomeLight.com has another great write-up to help you determine if selling via off-market listing is right for you. If you’re flexible on price, don’t want to bother with a lot of activity in and around your house, and even if your home might need a bit of updating, the off-market approach could be for you.

Every Door Home Loans

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Our expert Loan Officers will help you find the right financing solution. Reach out to us today to start the conversation or get preapproved.

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Every Door Home Services

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We provide top-quality landscaping, handyman, and home maintenance services in the greater Seattle area. We are a full-service company that can take care of all your needs. Contact us today for a free estimate!

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Local News and Updates

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If you’re looking for something to do over Labor Day weekend, there are numerous event options in and around Seattle. From music festivals like Bumbershoot to family activities like the Washington State Fair and more!

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