Seattle Real Estate Market Is Cooling: What Not to Do Now
As the Seattle Times, Zillow.com and other sources have noted, the Seattle-area real estate market is cooling off, after six years of red-hot conditions. Understandably, if you’re a seller or buyer who has been waiting on the sidelines for signs of a market peak, you may now feel a sense of urgency to act. Nervous sellers may think prices will take a dive from here, while buyers may view this cooling off as their only chance to get a better price. If either of these scenarios sounds like you, take a deep breath. Before rushing into action — putting up a For Sale sign or signing a purchase agreement — read what LNWM has to say.
In the article Advice for a Red-Hot Real Estate Market, we emphasize that it’s crucial that you don’t act out of a sense of urgency when making real estate decisions. That was true two years ago, and it is true today: Do not rush. Take the time to explore ALL your options, of which there are probably more than you think. Here at LNWM, we routinely help clients make real estate decisions in context of their entire asset base, their needs and their goals. Be it an investment property, a residence or vacation home that you are debating whether to buy or sell, we can help you analyze all your options fully and in context of your situation, so you can move forward with confidence.