Maybe you can sell now

About a year ago, we had an agent come out and give us a price for our home. If we would have listed for that price, we would have been underwater. We decided to wait to sell.

Dear Jan: About a year ago, we had an agent come out and give us a price for our home. If we would have listed for that price, we would have been underwater. We decided to wait to sell.

We have done the improvements suggested and are thinking about trying to sell now. Have things changed enough that we could possibly get the money out of this that we need this year?

— JRKM

Dear JRKM: I am glad you were able to wait a bit to sell. Many sellers not only owe more for their home than what it is worth now (commonly referred to as a short sale) but also cannot afford to make the current payments, as they are so high and therefore have to list as a short sale or walk away from the home.

We are now in a hot market with very low inventory and the prices are creeping up. Therefore, perhaps your price has gone up enough to avoid a short sale. I would call upon a local agent to come out and give you an updated Computer Market Analysis, or CMA, to see where you sit today.

Just a little extra FYI: many of our buyers are selling in “Seattle’s multiple-offer crazy market” and are coming over here and paying cash. This means no appraisal and fast closings. Nice!

Best wishes to you. — Jan

— Jan Zufelt is an agent with John L. Scott Real Estate in Kingston. Contact her at janzufelt@telebyte.com

 

More in News

Few election races so far in N. Kitsap

May 17 marked the first day of the one-week filing period for… Continue reading

.
City Council to stream meetings on YouTube

The transition from Facebook to YouTube to take place June 8

.
County health official encourage young people to get vaccinated

Vaccination locations readily available in Kitsap County

Poulsbo resdients cannot return to their home following an early morning fire that has left the structure uninhabitable. (courtesy photo).
Poulsbo residents displaced after residential fire

Cause of fire under investigation

.
73 new COVID cases confirmed in Kitsap

On Monday, the Kitsap Public Health District confirmed 73 new positive cases… Continue reading

.
‘Navigator’ helps direct people in need to social services in the community

The social-service specialist ‘is worth every penny,’ police chief says

.
SKSD board votes to emphasize student math education

Board directors say students will need improved match skills to compete for jobs

.
State troopers on the lookout for unbelted occupants

WSP attempting to reduce the number of fatalities on Kitsap roadways

Katie Stuart was named NKHS Class of 2021 valedictorian (Courtesy Photo).
NKHS students earn scholarships through service, aspirations

Two North Kitsap High School students are recipients of the West Sound… Continue reading

Most Read