Berkshire Hathaway HomeServices Northwest Real Estate Federal Way & Puyallup

Introducing the Real Estate Pillars series! Here we will be discussing the 14 different pillars you can use to build your real estate business. Today's video is about the door knocking pillar. We recommend focusing on 4 or 5 of these to create a solid business plan. Each pillar will be discussed in a separate video, so stay tuned to learn 14 different ways you can maximize your real estate career.

  The National Association of Realtors reported  This Week in Real Estat e  that for every 10 new listings the market is realizing 9 new contracts and as a result homes are going under contract in record time and inventory levels are at historic lows. Below  are a few newsworthy events from the  fourth week of August  that influence our business:    *  Insatiable Demand Drives July Pending Home Sales up 15% Annually.   U.S. pending home sales rose 5.9% in July, the third consecutive month of gains, fueled by low mortgage rates and unprecedented demand from consumers. The seasonally-adjusted index measuring signed contracts was up 15.5% year over year, largely on the back of pent-up demand from buyers who were unable to strike deals during the spring, said Lawrence Yun, chief economist of the National Association of Realtors.   “We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market,” said Yun. “ Home sellers are seeing their ho

  With so few houses for sale today and  low  mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get  pre-approved  before you start your search. This way, you can put your best foot forward – quickly and efficiently – if you’re planning to buy a home this season. Javier Vivas,  Director of Economic Research  at  realtor.com,   explains : “COVID-19 has accelerated earlier trends, bringing even more buyers than the market can handle. In many markets, fierce competition, bidding wars, and multiple offer scenarios may be the common theme in the weeks to come.” Here are three things you can do to make your offer a competitive one when you’re ready to make your move. 1. Be Ready A recent  survey  shows that  only 52% of active homebuyers obtained a pre-approval letter before they began their home search.  That means about half of active buyers missed out on this key part of the process. Buyers who are p

  Some Highlights The  percentage  of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage  rates  driving purchasing power. If you’d like expert guidance on exploring your homebuying options while affordability is high, reach out to a local real estate professional.

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