Hellooo...Can you hear me?
There are certain pockets of our community that are obviously hard of hearing. "Haven't you heard...the market is slowing down!" Aaaay. Truth be known...the incline is slowing down.
While showing clients some potential income properties in the north end of Tacoma, I realized that these properties mean little to them unless they understand how the value aspect is applied. Simplistically, a house is only worth what someone will pay for it, right? But a four bedroom, 2.75 bath fixer, priced at 200k that sits in the middle of an area like....lets say right off of 6th Ave, or in the North Slope Historic District, is going to draw way more attention and more likely a bidding war, than if the exact same house sat in South Tacoma or even in north Tacoma off of, say, Pearl Street. Ok...calm down, I'm not saying that either of those areas are bad or anything of the sort. (That's my disclaimer.) Where the house sits makes a huge difference in what it can sell for, as does the motivation of the buyer. I can't tell you how many homes I took clients to searching for something for them to "Flip." At least three of the properties we looked at were great opportunities. I knew it. I shared it. They didn't listen. Within days these houses sold to others who then "Flipped them" and I am showing them again now three months later to potential buyers all fixed up and for about 100k - 200k more. Hellooo...that could have been you! I now take my clients who are looking for a "flipper" to see other homes in the area that have been "flipped" so that they can see what they sold for previously and what they are listing for now after rejuvination. They can also see and compare the quality of the remodels to get an education about what sells and what doesn't.
So for our hard of hearing pockets in the community like, North Slope Historic District and North & South of 6th Ave, keep up the good work. Did you hear me?! KEEP UP THE GOOD WORK!!
While showing clients some potential income properties in the north end of Tacoma, I realized that these properties mean little to them unless they understand how the value aspect is applied. Simplistically, a house is only worth what someone will pay for it, right? But a four bedroom, 2.75 bath fixer, priced at 200k that sits in the middle of an area like....lets say right off of 6th Ave, or in the North Slope Historic District, is going to draw way more attention and more likely a bidding war, than if the exact same house sat in South Tacoma or even in north Tacoma off of, say, Pearl Street. Ok...calm down, I'm not saying that either of those areas are bad or anything of the sort. (That's my disclaimer.) Where the house sits makes a huge difference in what it can sell for, as does the motivation of the buyer. I can't tell you how many homes I took clients to searching for something for them to "Flip." At least three of the properties we looked at were great opportunities. I knew it. I shared it. They didn't listen. Within days these houses sold to others who then "Flipped them" and I am showing them again now three months later to potential buyers all fixed up and for about 100k - 200k more. Hellooo...that could have been you! I now take my clients who are looking for a "flipper" to see other homes in the area that have been "flipped" so that they can see what they sold for previously and what they are listing for now after rejuvination. They can also see and compare the quality of the remodels to get an education about what sells and what doesn't.
So for our hard of hearing pockets in the community like, North Slope Historic District and North & South of 6th Ave, keep up the good work. Did you hear me?! KEEP UP THE GOOD WORK!!
posted by Martha Mendenhall | 9:55 PM
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