Buy Now or Wait?
Economist Matthew Gardner explains why buying now is likely your best choice. Click here to watch his YouTube video, and you can also find more of his forecasts on YouTube.
Information on Generators
In Kitsap County, we have a LOT of trees. And windy conditions, especially during winter months. For Bainbridge Islanders and others, keeping the heat and lights on can pose a challenge. If considering a generator, you’ll want to read this.
Bainbridge Island Buyers 2016
At today’s staff meeting, we discussed where our Buyers are coming from. Every time we close a transaction, we complete a form that says what part of the world the Buyer lived in prior to this purchase. As in year’s past, in 2016 the vast majority came from our area: 43% from Bainbridge Island, 25% from the Puget Sound area. Not surprising to many of us, nearly one-third came from California! My colleagues and I were responsible for 342 “sides” of transactions last year and only ONE Buyer was from China. There were a total of 2 foreign Buyers for the entire year! So, if you’re thinking of Selling your home, just know that LOCAL marketing and LOCAL impact are still the most important things when choosing your Realtor. Contact me for a copy of the entire report: pattishannon@windermere.com, 206-755-5139.
Buyer Broker Improves Your Odds
On Bainbridge Island, inventory of single family residences remains lower than normal because demand has roughly doubled over last year. Here are statistics on listings vs. pending sales.
September 18 | Listings | Pendings |
2012 | 234 | 71 (30%) |
2011 | 308 | 46 (15%) |
So, Active Listings – those available and not under contract – are 163 vs. 263 in 2011. This is a very small amount of inventory. If you are a buyer, you would be wise to have a Buyer Broker working on your behalf to screen houses for you as they hit the market and help you work quickly to secure the house you want. Buyers who work with a Broker to help them can also benefit from the Broker researching past listings that may not have sold; we can approach the owners on your behalf and uncover gems for you.
First Time Home Buyers may not realize that Sales Commissions are typically paid by the Seller, so it costs you nothing to get Buyer Broker assistance. Talk with your trusted Realtor about it.