Seattle house values are predicted to go down this year.
Metro Seattle house prices are on the decline and could fall dramatically in 2023, according to an article in The Seattle Times. “Seattle-area prices could fall far faster than the national trend—as much as 10%,” said Redfin chief economist Daryl Fairweather. Although Matthew Gardner, a Windemere economist, doesn’t anticipate quite so steep a fall, he still “expects average sale prices for single-family homes to dip 5.3% in the Seattle area in 2023.”
Either way, these are dire predictions for home buyers who bought between January 2021 and September 2022 and now want to sell their homes. “If house prices drop 4%, about 6% of recent Seattle-area buyers will owe more than their house is worth,” according to Redfin.
If you are considering selling your house before the value of your property nosedives, or if you have financial problems, you are likely wondering what your best options are to sell in Seattle.
Call We Buy Ugly Houses® at 866-200-6475
Selling your Seattle-area house via a real estate agent can be a lengthy process.
You may consider selling your house the traditional way by enlisting the services of a real estate agent. Keep in mind that if you decide to go this route, you will be paying a commission of 6% of the sale price. On a $250,000 house, the commission would be $15,000. Most folks would like to keep that money.
Additionally, getting a house ready to sell the conventional way can be a lengthy, costly, and aggravating ordeal. On average, Seattle houses sit on the market for 75 days. Of course, if unforeseen problems arise, it could be much longer.
Inflation has made repairs ridiculously expensive.
In order to get your house ready to list with a real estate agent, your house should be in tiptop shape. That could mean the expense of painting, doing repairs, fixing leaky plumbing, and maybe even higher-cost work like replacing a roof, buying a new water heater, or installing a new HVAC system.
The National Association of Home Builders recently commented, “Year over year, the prices of exterior and interior paint have climbed 30.3% and 21.2%, respectively. Prior to 2021, the record 12-month price increase for exterior paint was 8.5% and 10.1% for interior paint—each of which was set in March 2019.” Bob Vila, host of television’s This Old House, comments on his website that prices for home repairs and improvements will cost a lot more this year than last year.
It may not be a good gamble to try and wait it out. The economy is uncertain, and a possible recession is looming. Things may get a lot worse before they get better.
The hassles of selling via a real estate agent
Along with the costs of paying hefty commissions and making expensive repairs and updates, selling the traditional way is full of hassles, nail-biting, and stress. Decluttering and depersonalizing your house usually require temporary storage for you to move some of your belongings.
Staging your house may be needed. Keeping your house in pristine condition is difficult and irksome, but a must for house showings, which can be impromptu. Having to leave your house at a moment’s notice for showings is annoying and disruptive.
How to sell your house without a Realtor®
Selling a house without a Realtor®—for sale by owner (FSBO)—can be much easier than selling the traditional way. We Buy Ugly Houses® is a highly reputable cash home buyer that makes selling a house without a Realtor® possible. If you want to sell your house without a Realtor®, sell it to us. We make the process easy.
Simply give us a call to make a free, no-obligation appointment with one of our local property specialists. We’ll meet you at your house, where we’ll take a tour of your property and explain how to sell us your house without a Realtor®. We can frequently give you a fair cash offer the very same day and can often close in as little as three weeks.
When you sell to us, you skip the expenses and hassles of selling via a Realtor®. You don’t have to make or pay for repairs, stage your house, have open houses, or clean your house. You can even leave your unwanted possessions behind, and we’ll take care of them for you.
We Buy Ugly Houses® is the cash home buyer you can trust.
We have been in business for more than 25 years and have bought over 140,000 houses. As our happy and satisfied sellers attest, we have an easy and transparent process and have helped many folks out of difficult house problems, resulting in a 96.1% customer satisfaction rating. Give us a call at 866-200-6475 to sell your Seattle house fast before its value declines any more.