Real Estate - Keeping it Simple Ray Dove

Just a quick update on the excise tax changes effective January 1, 2023. 

Excise tax is paid by the seller, at close of escrow.

YES, we are seeing an increase in homes going on the market, yet we are still way below what a typical and equal balanced real estate market looks like - 4 to 6 months of inventory. We are now at 2 months of inventory. Yes, homes are selling, Yes some homes are selling in less than a week and Yes some homes are selling for over their asking price, but the majority of homes are staying on the market longer. Great time to be a buyer!

This is a very good time to be a buyer! If you are a home seller, make sure your home price is in alignment with the current market values as if it is we are seeing homes priced correctly selling in less than a week. 

NWMLS (Our MLS) Sales activity ending August 2022 for ALL residential homes and condos for King, Snohomish, and Pierce Counties

Mathew is the CEO of QuantmRE, a company that solves a real problem for homeowners by helping them access a portion of their home equity without the homeowner taking on more debt by using a Home Equity Contract.

Find out more about this opportunity, as a homeowner or investor, at the following website: www.quantmre.com

YES, homes are selling still! 
YES, our inventory has grown to 2 months of availability.!
YES, interest rates are coming down! 
YES, this is a great time to buy and sell a home!