If you need assistance, please call 206-202-5500

  • Every Door Real Estate Blog

    Wednesday, May 9, 2018   /   by Lindsey Gudger

    Terms vs. Price: Which Is More Important in an Offer?

    Selling a home? Get a free home value report
    Buying a home? Search all homes for sale




    Just this week, our team has put three homes under contract and, believe it or not, the offers we submitted weren’t the highest the sellers received. This just goes to show that price isn’t everything. Terms also play a major role in an offer’s success.


    In this market, it isn’t about price, but the risk to the seller. Sellers want to feel secure in knowing an offer will hold up and the transaction will be able to proceed smoothly.


    One of the offers we submitted on behalf of a client recently won out as a result of its terms. There were six offers on the table, including one $20,000 higher than ours. But the seller was willing to overlook the difference in price because our offer lacked an inspection contingency. Given that the home wasn’t in the best shape, this presented a major benefit to them.


    The seller in this situation understood tha ...

    Read More

    Wednesday, April 25, 2018   /   by Lindsey Gudger

    How Has Our Market Fared So Far This Year?

    Selling a home? Get a free home value report
    Buying a home? Search all homes for sale




    With spring well underway and summer coming up soon, it’s time for a look at the latest news from our market. The statistics from 2018’s first quarter are in, so let’s discuss what these figures mean for you and your real estate goals.


    Unless you’ve been living under a rock, you probably know that today’s market conditions are rough. Things are incredibly competitive and there have never been fewer homes for sale. This has led to a year-over-year appreciation rate of around 18%. And with so little inventory, we’re seeing multiple offers on nearly every listing that comes onto our market.


    What does this mean for you?


    For buyers, it means that it’s time to take action. Stop looking for a flawless home. Start looking for a property that’s a realistic match for your wants and needs, so that you too can enjoy the benefits of to ...

    Read More

    Monday, March 5, 2018   /   by Lindsey Gudger

    The Competitive Advantages of Using an Appraisal Buffer

    Selling a home? Get a free home value report
    Buying a home? Search all homes for sale




    If you’re a buyer and you haven’t heard of an appraisal buffer form, you’re working with the wrong person.

    Basically, this form guarantees that if you go under contract on a home and it appraises for less than what your offer is, you’ll bring however much cash is necessary to the table to cover that low appraisal. By including this form in your offer, it gives you a great competitive edge. The reality is, most agents don’t know what this form is and don’t use it, so when you’re competing in a multiple offer situation, it’s especially advantageous.


    For our team, this form also acts as a psychological tool. Low appraisal situations don’t come up very often, but if you’re a buyer making an offer, part one of that offer involves painting yourself in the best light possible, and part two involves calling into doubt the off ...

    Read More

    Monday, February 19, 2018   /   by Lindsey Gudger

    Use This Right to Win!

    Selling a home? Get a free home value report
    Buying a home? Search all homes for sale



    Today, we’re talking about a unique addendum for a Purchase and Sale agreement: the escalation clause.

    If you are currently in the process of a real estate transaction and you haven’t heard of escalation clauses, then you are working with the wrong person. This clause is included in the vast majority of offers we write, because it’s a requirement in a competitive market.

    Now, let’s talk about what it is. An escalation clause essentially has two key elements: the “max” and the “step.” The “max” is the maximum figure you are willing to spend on a home and the “step” is how much more money you are willing to give for the home than the next competing offer.

    An escalation clause only kicks in when there’s another offer on the table. So one of the requirements of the clause is that the seller shows you proo ...

    Read More

    Monday, February 5, 2018   /   by Lindsey Gudger

    The State of the Market in 2018

    Selling a home? Get a free home value report
    Buying a home? Search all homes for sale



    The new year brought more of the same in terms of the market. It’s an aggressive seller’s market where inventory is even lower now than it was last year at this same time.


    So what does that mean for this year?

    If you’re a seller, there has never been a better time to sell a home than right now. You have more leverage than you ever have or possibly will ever have. As a buyer, it means that homes are appreciating, and every single month that you sit on the sidelines, you’re missing out on at least a 1% appreciation. With the average purchase price being over $500,000, that’s a lot of money to miss out on. King County is currently at $562,000, which is 14.9% year over year.

    Why does this happen? There are a couple factors that drive what we’re seeing:

    1. Seattle is growing quickly. The latest report is that 53 new people move to Seattle ever ...

    Read More