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Archives for October 2017

In Real Estate Trust is Everything

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Real Estate Trust
The Personal Seattle Real Estate News

In real estate trust is everything.

real estate trustIn real estate trust is fundamental. A few weeks ago, I came across this chart on social media. I lost track where I first saw it. However, I knew immediately how it applied to the real estate business.

real estate trust

Curious about the chart’s origin, I traced it to LinkedIn and Richard Barrett in his post about team building. More Google search revealed the chart’s name as the “Trust Matrix” and a related business best seller on Amazon.

[Read more…]

Your Contingent Offer May Be Welcome

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Contingent Offer
The Personal Seattle Real Estate News

Your Contingent Offer Could Be Welcome.

contingent offerPractically speaking every offer is a contingent offer. Even a cash offer is contingent on the buyer being able to fund the transaction at closing. Non-cash offers include a finance contingency, and most offers include an inspection contingency. However, the term “Contingent Offer” (initial caps for emphasis) refers to a different contingency altogether.

What is a Contingent Offer?

Contingent offer - sell hot, buy coldIf you need to list your property and it is still an Active Listing when you make an offer to buy another property, your offer on the other property is considered a Contingent Offer. The proceeds from the sale of your current property are needed to pay for the next property. Most Contingent Offers also include other contingencies, some of which I mentioned above. [Read more…]

Seattle Real Estate News October 2017: Down Here, Up There

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Seattle Real Estate News October 2017:
Slowdowns in Some Areas, Price Hikes in Others

Seattle Real Estate News October 2017

KIRKLAND, Washington (October 5, 2017) –

“October will be the best month for selection and availability until late February,” proclaimed J. Lennox Scott when commenting on the latest statistics from Northwest Multiple Listing Service.

MLS figures for September show inventory reached 1.7 months of supply at the end of the month, matching the year-to-date high in February. That level is still well below the 4-to-6 months of supply that many industry analysts use as an indicator of a balanced market. [Read more…]