Last week 425realty and the Jensen Mortgage group presented the first "State of the Market Address" at the Bellevue Arts Museum. It was a huge success!
Greg started the presentation with an overview of current market conditions. He provided slides showing absorption rates over the Seattle region, and how they have changed from last year to present day. He then went into detail about what strategies Buyers and Sellers should use to win in todays market. Quickly summarizing: buyers be selective and only choose the best, and sellers price it right! Be within 2% of your sales price and in tip top shape to get your home sold.
Following Greg's presentation Ryan and David Jensen from the Jensen Mortgage group talked about the Mortgage industry. The presentation started by explaining what happened to make the "mortgage crash" afterward laying out various solutions for the consumer in todays market. The star of the show was the FHA loans. It was nice to hear there are sound and proven solutions for first time home buyers (even up to 100% using Nehemiah), and move up buyers to get financed when there is so much inventory out there to choose from. What a great time to buy a home!
There are real solutions and real wins to be had in todays real estate market in the Seattle and eastside communities. If you'd like details and solutions designed specifically for you don't hesitate to contact us. We are never too busy for you or your referrals!
Thanks to all that attended, and we look forward to the next "State of the Market Address"!
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