Wednesday, May 16, 2018

Q: We really enjoy your monthly newsletter and have appreciated viewing your website for current listings.


But we haven’t had the time to get out to Vashon to view any houses for some time now because they seem to sell so fast.  Years ago, when we started looking, things moved slower.  We might be out this summer for a week at a vacation rental and would love to stop in for a chat. 

A:  I’m always happy to chat with folks and answer their questions about the island, our community and the current inventory of homes and land for sale.  I should add, however, that with such a fast sellers’ market, it’s critical that you are able to move quickly.  Like many of the fine folks I call clients, you have been “window shopping” Vashon for more than a couple of years now.  It’s always good to be cautious, but until you’re fully committed to buying here and are ready to make an offer quickly, you will just stay window shoppers forever.

In looking back over the last few years, I’ve noticed a pattern with most buyers.  Those that come to me fully preapproved for their loan, have their down payment in the bank and are realistic in their search for a home usually buy within a few months or even weeks of starting their search.  Many others are looking for years.  They occasionally come by to see what’s available on the market, and often email or call regularly, but just can’t make a commitment.

In this kind of market folks like that can get left behind.  As they spend so much time trying to decide, our prices continue to climb, and our inventory continues to shrink.  I’d never recommend rushing into a purchase or getting caught up in the bidding frenzy unless you’re sure that the property and the island are right for you.  But if you really want to live here it’s time to make a real commitment of time to see what’s for sale and be prepared to make an offer quickly.

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