ONE month of inventory in Green Lake equates to a seller’s market, indeed. We haven’t seen inventory this low since 2005 and ’06. Multiple offers are definitely not unheard of. Because the inventory is so tight, it’s keeping buyers squirming in their seats for a solid home in some of our most attractive neighborhoods – Ballard, Green Lake, Ravenna, View Ridge, and Maple Leaf. Translation: It’s in-city mania.
First time home buyer, moving up, scaling down – the target price is all across the board. A good Realtor will give you a laundry list of “to do’s” to get your home in tip top shape for hitting the market. Savy buyers still want to see a value (who doesn’t?) and they’ll know when a house is overpriced. Pricing will always be the pivotal strategy but if the home is clean, well staged or organized and is easy to show, the seller will see their return.
Financing is the biggest hurdle I’ve seen lately. So make sure you’ve got your financing nailed down first and happy buying!