With all the real estate headlines in the news, most likely you’ve read about overheated buyer demand and low inventory. You may recall this trend was also articulated in Mike’s 2017 Forecast.
I wanted to share this story so people you know can benefit-
Working with my Bellevue sellers we listed this cutie rambler in the Foxglen community of Bellevue on March 23rd. Open houses Friday-Sunday, over 200 people, 83 agents and the most viewed home online that weekend (according to Zillow). Set up from the beginning with “buyer desire” home positioning and multiple offer process we listed for $630,000. Receiving 37 offers, the sellers were in contract on the 30th and closed on April 7th for $802,000! That is 27% over list price and $102,000 more than many expected. That is also $517 per square foot. We may have set a new mark in East Bellevue as the average was $380/ft when we started the upgrades.
The backend story is that after working with lots of buyers over these past several years looking at old homes built in the 50’s and 60’s, the sellers and myself created an excellent situation by renewing the home, opening up walls, installing new roofs and windows and many other items most buyers can’t or don’t want to do. A great family will now call this cutie rambler home.
The market rewarded these sellers and the whole experience exceeded expectations of everyone involved. This wasn’t a coincidence. This was incidental. Sure many of the homes and condos have been selling but not 27% over list.
I don’t expect these close-in markets to appreciate at this clip forever. That is unsustainable. But for the next several months I believe you or those you know can sell for 15-25% more than just a few short months ago.
I thought you would want to know about this right now.
I will show you how we did this.