Don't let fear keep you from buying or selling
There is alot of talk about the Spokane real estate market and many people are afraid of making a move because of it. I'm telling people don't be afrais of the chatter you hear. Just like with the stock market there is money to be made when the market is up and when it is down. The key is education.
Buyers are afraid because they think the loans are going to be too hard to get but really about 3 years ago people started getting the easy to get 100% financing and now they will go back to FHA loans like they were before this market and people can buy just fine. You need a realtor who has worked in different markets so they can guide you to the right programs to get your loan. When the market slows prices fall and if your a patient buyer you can find great deals. Work with a realtor who has tools designed to help you look without any pressure if you are just looking.
Sellers FSBO (for sale by owner) is a bad idea right now. This market is slow and all the realtors are getting more competitive to stay afloat. A sign in the front yard and FSBO website will not be competitive right now and that is why it's not working for many FSBO's that are still on the market now. Second is you need a good agent with wuality marketing that gets noticed. Hiring any old realtor is not going to cut it right now. You need to get educated on what to look for and make better choices that your competition on who to hire. Realtors are slower now and will put their best foot forward to get your home sold so winter time is a great time to sell. Plus their is less competition so don't get so deep in holiday mode that you don't want to sell until next year. All your competition is thinking the same way. Do the opposite and cash in on top dollar with less competition.
Continue to check back and learn from the pros. We love helping people buy and sell Spokane real estate. Call us and get a first class realtor working for you and check out our website which is constantly getting better and better. Thanks!