Housing Forecast 2021

2021 Housing Forecast

Housing Forecast 2021: after the 2020 holiday season, a surge of buyers will come into the market on Jan. 1, 2021. However, there will be few new listings until March 2021. We anticipate the โ€œcycloneโ€ of housing market sales activity intensity will continue at extreme frenzy-level velocity (where about 90 …

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Listing Preparation

We originally posted the following listing preparation information to social media over a 14 day period during the coronavirus quarantine. While quarantine may soon be over, preparing to list your home will remain. Since we had such an overwhelmingly positive response to these tips, we have included them all in this blog post. Keep in mind, not all items will apply to all homes. Also, they certainly don’t have to be completed in 14 days. If you are not sure which listing preparation items should be completed in your home, get in touch. We are happy to walk you through any steps you should take when listing your home for sale.

Listing Prep Day One:

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2020 Housing Forecast

2020 Housing forecast

The Year 2020 housing forecast for Seattle, the Eastside, King County and Snohomish County is bright. Unbelievably low interest rates and strong job growth are expected to continue.
Consequently, if you’ve been on the fence about selling, this could be your year. If you’ve wondered if it’s a good time to buy, low rates could increase your buying power. However, you need to be prepared in a strong market. First and foremost, read the pdf for the full 2020 housing forecast.

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New Real Estate Excise Tax

Excise Tax

A new decade is here and with it comes significant change to Washington State’s Real Estate Excise Tax (REET). When you sell your property you pay Excise tax based on a percentage of the value. Washington State Senate Bill 5998 was signed into law changing our local real estate excise tax from a flat rate to a tiered system. This change gives owners a tax cut on the first $500,000 of value and keeps the current rate on the next $1 million. However, it also includes an increase after $1.5 million in value.

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