Seattle area Real Estate Broker, Kim Mulligan, posted this on Facebook a couple of days ago regarding a recent listing:
“For those of you that were clamoring to be my neighbor, I have bad news. A pricing war ensued and an offer was chosen last night. Ends up we had well over 80 parties tour the home in two days, several offers came forth, and a lucky buyer will get to share a fenceline with me. Why do I mention this? Many people think that there isn’t a market right now because of interest rates. Yes, buyers are careful and shy. The truth is some people have to move in any market. Sellers don’t need to be afraid to list their homes. Yes, buyers are choosey, but priced and presented well, and with the right lender where you can change your interest rate when it drops down again, your home could sell within 3 days as well!” [Read more…]
UPDATE 5/26/2023: It’s no surprise to me…this home went immediately pending. If you are considering buying a home, it is so important to be fully approved and perhaps better yet, consider using a program that allows you to present an extra competitive cash offer. PS: I can help you with that!
You’ve probably heard that the Seattle’s sizzling real estate market has cooled a bit with home prices starting to come down. This is great news for folks who have grown weary battling in bidding wars only to have their offers rejected time after time. It looks like, at least right now, things may be returning to be more “normal”. 
This weekend while driving around my neighborhood in Seattle, I noticed more “for sale” and “open house” signs on homes. It’s a welcome sight after how long we’ve been in this tight market with very little housing inventory. 
My how time goes by when you’re having fun! Thirty-two years ago, I began my career in real estate. My first job was being a “doc-puller” at Safeco Title in Seattle. I really enjoyed being the receptionist for Safeco since I believed that I had more job security…back in those days, employees were quickly hired and laid off depending on what was going on in the real estate industry. This was before title companies used “temps” to fill those types of positions. Eventually I was promoted to work in a title unit. I “retired” from Washington Title Company as a Branch Manager of the Federal Way office in 2000. 
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