This past weekend, I was honored to join good friend Darol Tuttle, the Northwest’s premiere asset protection attorney on his radio show the “BoomX Show!” We talked briefly about downsizing trends, aging at home, what’s going on with the market in Seattle, if it’s a good time to sell, and the steps to take to ensure top dollar if you do decide to sell!
Downsizing/Aging at Home Trends (9:26) – There is a trend in downsizing. Their kids are going to college or reaching the age where they’re just getting going in their professional careers. From this, the parents no longer see the need for 4,000 square feet and want to move into their “last home” – something more walkable and closer to the amenities they enjoy. Another trend is that people are tired of maintaining such a large space and want to move to a smaller home or condominium with little to no maintenance and a sense of community, which offers a way for people to truly retire. The baby boomers are the largest cohort, so this will likely continue for the long haul. And hopefully the market will adapt.
What is going on with prices? Is it a good time to sell? (40:00) – We are coming on the ninth month in a row as the hottest market in the nation – double what the national average is! The reason? Job growth and the unemployment rate are practically zero. These people need a place to live and are contributing to the home prices going up. Is it a good time to sell? Yes, if it works with your lifestyle.
What is the next step if you want to sell? (42:30) – Find out where you want to go and most importantly prepare your home for sale, in order to get optimum price. Some think, “I can just put a sign in my front yard and I’ll get 100 offers, $1,000,000 over ask, all cash, etc.” but it doesn’t work that way. It takes the proper preparation, staging, photos and marketing with a modern approach that implements digital strategies to get you TOP dollar. If the most money for your home is what you want, this is the reality of what it takes.
Listen to Austin’s Full Interview Here.