I am listing one of the best homes for sale in Fairwood Greens right now! Over 3400+ square feet for an incredible price… this is your chance! And it backs to Allen Park! Check out the complete listing and bring your offer for this Renton home sale in Fairwood Greens near the Fairwood Golf Course!
Welcome to another edition of Rosie’s Real Estate Reveal! These are blogs where Rosie Rourke helps you understand real estate terms and what they mean to you, the buyer or seller! Today’s reveal is all about contingent offers! Believe it or not, a lot of newer agents don’t even understand what a contingent offer is. Honestly it’s been a while since listing agents have been accepting them. But now with the market slow down, massive amounts of homes for sale, and buyers that have cooled off, agents are entertaining the contingent offers again.
What is a contingent offer?
It simple terms, it’s when a home buyer makes an offer on a new home before selling their current home. The sale of the new home is contingent or dependent on the sale of the current home. The “official” definition is as such: It means an offer on a home has been made and the seller has accepted it, but the finalized sale is contingent upon certain criteria that have to be met. Usually the successful sale of the buyer’s current home.
What does this mean for you?
When a home is “Contingent” it doesn’t mean the house has SOLD and is off the market! Did you know that you can still tour and MAKE AN OFFER on a contingent home? Not a backup offer, but you can BUMP the contingent offer and the home is YOURS!
So if you are in the market, see a home you love, and the status says Contingent… you still have a chance! I actually have 2 homes listed right now that are contingent, both of these sellers are looking for new buyers to BUMP the current contingent offers!
Large home for sale in Covington!
Rambler for sale in Fairwood Renton, WA
I’ve been hearing the same thing at a lot of my listing appointments from my clients, “Are we in another real estate bubble?” My buyers agents are hearing this too from people looking to purchase their first home or sell and buy a house, or second time buyers as we call them. I decided to roll up my sleeves and put my 20+ years of real estate knowledge to the test… I decided to write an article about it!
Here is the post card I just sent out to all my friends and clients:
To read my article check it out right here on my website, go to www.rosierourke.com/bubble
Hi everyone, Rosie here! My team and I are rocking right now, and it seems like I am getting a lot of the same questions during my listing appointments. My buyer agents are hearing the same thing from their real estate clients looking to buy a home too. “is is a good time to sell a home? What is the real estate market like?” So I thought I would share some exciting Fairwood real estate market stats with you!
For real estate transactions (both homes for same in 98058 zip code and buying a home in 98058 zip code) here are the numbers for residential homes:
Homes For Sale in March 2018: 24 units.
• Up 41.2% compared to last month
Homes Placed Under Contract in March 2018: 62 units.
• Up 121.4% compared to last month
In Fairwood Greens specifically, here are the numbers just for the neighborhood. If you are thinking of selling a home in Fairwood Greens or thinking of buying a home in Fairwood Greens these numbers are important:
9 homes Sold/Pending within last 30 days
Average home is 2,030 square feet, that’s $263.33 per square foot!
Average days on market is 7
Average home value in Fairwood Greens and sold price: $521,667 (104.8% above list price).
WOW!!! Fairwood real estate is sizzling right now! Let me know how the Rosie Rourke Team can help you get top dollar with our proven success strategies in a seller’s market.
AND, my team doesn’t just buy and sell homes in 98058 or Fairwood Greens… we have clients all over the King and Pierce County areas! We did over 130 transactions last year ALONE, making us one of the top real estate agent and teams in King County!