I mis-typed above. I should have typed "In washington it's mainly agents and agents are authorized . . .." I guess I had lawyer on the brain or something.
It would be nice if these forums had a way of taking you just to the next post in a thread since the last time you viewed it.Also, a way of editing posts would be great. I just typed the word "lawyer" in a post where I meant to type "agent" and I had to type an entire new entry to fix my mistake.
Locally here in Washington it varies by county.Also to your recently reported sale, don't get too excited about it. Many condos, especially lower priced condos, show with inflated prices because the buyer asks for the seller to pay closing costs or other items. So one or two sales does not make a trend.
I grew up in East Bremerton, but I don't have a feel for prices over there (although I can access the NWMLS database if you give me an approximate location).However, from looking at the recent sales reports from the NWMLS, it appears the area is about the same as here on the other side of the Sound. Prices are holding up well, but there is a lot of inventory. What you're hearing on CNN (or even in the Seattle Times) is just wrong as to the type of market we're in. The Times had a headline a couple of weeks ago that would make you think the market had collapsed, but when you looked at the data sales were holding up well, and prices were up in 7 of 8 areas they reported, and in the exception sales were up over 100%, which would account for the decline in price. In this type of a market, you really need to attract attention, and your methods apparently aren't doing that. Also, the property needs to be properly priced, and you can't really do that looking at Zillow. Finally, it needs to be in reasonably good shape for its price, and preferably reasonably good shape overall.
Until Marci mentioned the Silverdale property, I was forgetting I could look up your listing.From what I can tell, you have the house priced reasonably well. I think Zillow has it too high. In the past six months only three similar houses on a half acre of bigger have sold nearby through the NWMLS, and they are a bit more modern looking. The dormers on your house might be a negative?????I think it's lack of exposure more than anything.
In Washington you could probably get out on the Form 17 (Seller Disclosure) provision, or on the time provided by the standard MLS inspection period clause, but I also would say it's not a good situation to get into in the first place.Research is better.
I've been getting site errors today in this area (Discussions) and My EZ ads. This is the message:We're sorry, there is a problem with the site.Please try one of the following:Use your browser's Back button to return to a previous page. Check the URL for proper spelling and capitalization and try again. The link you followed might be broken or expired. Try going to the www.zillow.com home page and following the links there to find what you need.
Aldreth, I could show you an article from Money Magazine from about 5 years ago that said the same thing, and that's a lot more credible than something called "Seattlebubble."That said, I wouldn't consider a Seattle condo to be a good short term investment. If short term is the time frame, single family residence would be the way to go. No guarantee you'll end up okay with that investment, but it's more likely than investing in a condo. The inventory on condos can explode too fast with new construction and conversions. I've noticed the prices on new condos just north of Seattle are rather attractive compared to existing condos. I think the developers may be getting nervous.
Are you using county tax records?
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