We always say that it's time in the market, not timing the market. No one has a crystal ball but it is important to understand where we are and make decisions about where we are going. NOW is the time to buy and NOW is the time to get ready to sell! I hate to say it but interest rates are why NOW is the time. 

For buyers: there is competition right now but it's not anything like it will be if rates, and many economists are bullish on them, coming down. You can buy today, you may even be able to get some seller assistance with your closing costs (case by case of course). Imagine these two scenarios; 1) You buy today at ~7% interest rate. You get money from the seller to pay for a 2/1 or 3/2/1 temporary interest rate buy down and rates move to the mid 5% range by the end of the year. YOU WIN! You will have bought when there was less competition (will there be more buyers at 7% rates or 5% rates? What happens to pricing when rates are low and competition is high? Prices escalate and contingencies go down). You will be able to refi that purchase to the new lower rate and if you got a temporary buydown, you get to keep the remaining funds for the buydown and apply that to your new lower interest rate mortgage on the home you bought 6 months ago with less competition! LOTS of WIN there! 2) You wait to see rates go down and they do. Congratulations, your payment has gone down and/or your purchasing power went up! Your's and everyone else that's been waiting for the same thing to happen. Now we start talking about escalation clauses, waiving contingencies, additional down payments to cover low appraisals, oh, and accepting that you will likely lose a bid or two before you may win a home. Which scenario seems more appealing to you?  

For Sellers: See above ;) Really though, getting your home on the market takes time. Based on information that we have received from NAR's Chief Economist and from Goldman Sachs, we anticipate that we could see a re-do of the buying frenzy of 2021 as we enter into the Fall - Spring markets. The Puget Sound market is desperately under supplied; even now in a less frenetic market, we have under 2 months supply across detached and attached homes. In the detached market, we have a 1 month supply. In the law of supply and demand, with things that far out of balance, it's the supplier (home seller) that wins. NOW is the time to contact us to start the conversation about getting your home on the market and capitalizing on another historic time for sellers! 

How do I win if I am a Buyer and a Seller: Due to our strategic partnerships, we have an incredible "Buy before you sell" program. This program guarantees that your current house will sell while you are living in your new home and you can use your preferred lender on your home purchase! Let us know if you would like to learn more about this program and how we can create a win-win for you!