Are you a homeowner in Madrona Park in Lacey, WA? As you might have seen, you live in a “hot” neighborhood where buyers are actively looking for homes to buy.
Your neighbor’s home at 8836 Natooka Court SE received multiple offers on the same day, and three days later the seller decided on one of eight offers received. The home was listed at $269,900 and sold for $285,000.
Why did this home sell so fast and receive so much interest?
- Seller Prepped the Home for Sale – the sellers repaired known issues, cleaned the home inside and out, improved the landscaping and created a neat and tidy appearance. A move-in ready home will always be appealing to buyers.
- Sellers Priced the Home According to Market Conditions – at one of the smallest homes in the neighborhood (a 1,287 square foot rambler), the home had to be priced right. The original list price of $269,900 was pushing the price as a home over 500 square feet larger was selling for $299,000. In the end, the sale price of $285,000 did appraise with a buyer putting down 25 percent.
- Affordability Factor – Currently, in Thurston County, WA, the average home price is about $350,000. Homes under $300,000 get a lot of interest and of course, are more affordable for more buyers.
- Professional Representation – from the marketing ad copy to the photography to the multimedia advertising strategies to the networking with fellow Realtors, this home was presented professionally to attract buyers. Then the real work started in sorting through the offers and determining the best offer. (By the way, the highest offer did not win. If you are currently a buyer, talk to me about winning strategies to get your offer accepted.) It takes experience, knowledge and lots of communication to meet the needs of the seller and to give them the best outcome.
Buyers are still looking for homes to buy in Madrona Park
Only one buyer was able to buy this home and all of the other buyers are still looking, and not just in Madrona Park. Olympia, Lacey, Tumwater, WA and the surrounding neighborhoods have a shortage of homes for sale.
In a “balanced” market, our market has about 1,200-1,500 homes for sale. Right now we, have under 600 homes for sale, and we are strongly seated in a seller’s market. If you are considering selling, now may be the time for you.
Call me today if you’d like to see this kind of success in the sale of your home. You’ll have my professional experience and 26 years of real estate knowledge leading you to the highest outcome for you and the sale of your home. Call, text or email me today and let’s talk about your real estate needs.