With the winter holiday season over, Snohomish County’s real estate market is ready to heat up again – and fast. Fortunately, savvy buyers and sellers who move quickly can take advantage of the current market and make it work to their benefit.
The real estate market in Snohomish County slowed down a bit at the end of 2016, with fewer sellers listing their homes, fewer buyers en-countering multiple-offer situations and homes staying on the market a little longer than they likely would at other times of the year.
A slight slowdown in the winter months isn’t uncommon in real estate, nor is it a phenomenon that’s unique to Snohomish County. The area’s real estate market is usually quick to rebound and, by spring, should be in full swing once again. For buyers and sellers who are poised and ready, the beginning of the year is a great time to enter the market.
Not having to compete with multiple offers is a huge advantage for buyers looking for a home in Snohomish County. Most homeowners don’t like the idea of uprooting themselves and their family during the winter holiday months, so sellers who keep their house on the market during this time tend to be a bit more motivated than the average seller.
Oftentimes, this means that buyers who find the home of their dreams can get it at a great price.
Sellers, on the other hand, also deal with less competition. Because there are fewer homes listed during the winter holidays, their home is less likely to get lost in the crowd and more likely to stand out to potential buyers.
Buyers can help ensure their Snohomish County real estate transaction goes smoothly by obtaining pre-approval from a reputable financial lender and working with an experienced local real estate professional.
Sellers, on the other hand, can make their homes even more enticing to potential buyers by ensuring the first impression of their home is a good one. Paying particular attention to curb appeal – cleaning up leaves or other debris in yards, adding mulch to flower beds and painting old garage doors – can really pay off in the end.