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Understanding Appraisal Factors That Impact Home Sales: Insights for Real Estate Agents

Birmingham Appraisal

Location: The neighborhood, proximity to amenities, schools, transportation, and desirability of the area significantly impact a property’s value. Condition: The overall condition of a property, including its structural integrity, maintenance, and any necessary repairs or renovations, affects its appraisal value.

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Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 Census data suggest that more than 2M additional homes will reach their “prime remodel” years through 2027 – a time when homes tend to undergo their first major kitchen and bath renovations. Why the desire to leave? SE, Sammamish).

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

Buyers will likely snap up any home to be within walking distance of the new transportation hubs. a rare event, median prices fell across all local counties month-to-month. Among the 389 units, 16 are actively for sale, six are under contract and another 43 homes have sold so far in 2021. Who needs a car?! months, up from 0.5

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Expectations for 2023 in Seattle/King County Real Estate

Will Springer Realtor

Fuel to fill our vehicle gas tanks and to transport goods weigh heavily on inflation; 18% of the Consumer Price Index is for transportation costs – the second largest component of the CPI after housing/shelter (42%). In his estimate: “Homebuilding’s going to contract.”. Home prices have straddled the $850K mark since 2019.

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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

This caused a good deal of uncertainty for all of us, including those new condo owners, many of whom attempted to back out of their contracts, put just-purchased homes on the market or listed them for rent. Update: The home is now under contract after 18 days on the market. Then the pandemic hit, quickly followed by the recession.