BIZNOTE: Got local real-estate questions? West Seattle Realty to host online discussion Tuesday

Two months after the bridge closed, and three months after the pandemic hit, prospective West Seattle home buyers and sellers just might have some questions. You might also be curious even if you’re not planning to buy/sell any time soon. So West Seattle Realty (WSB sponsor) has set up a chance to chat next Tuesday. Here’s the announcement:

We’ve all come to expect that the spring real-estate market is crazy. This year, COVID-19 and then the West Seattle Bridge have created a lot of uncertainty. But even with these setbacks, the market is building. Just like so many of us chomping at the opportunity to get back to work, the real-estate market is quite busy right now.

We want to make West Seattle Realty available to our community in a socially responsible way. Please join us on Tuesday, May 26th at 4:00 pm for our online Zoom discussion. The goal is to give everyone a chance to get their West Seattle real estate questions answered. We look forward to meeting you virtually! Please email us at info@westseattlerealty.com to be added to the invite list.

Here’s what we plan to cover:

Buyers are still very active. Despite restrictions on showings and stock-market volatility, in some ways the “Stay Home” order has made people want to have a place of their own, even more. Along with historically low interest rates, buyers, especially those who already have roots in our community, have been undaunted. Our advice to buyers has always been that real estate is a long-term investment, and that is unchanged. Market volatility is always something to consider, but even looking back on the Great Recession where home values dropped nationally almost 20%, prices recovered quickly. Time has shown us that residential real estate is a sound investment.

Sellers are anxious, but the market is still good. And this has led to yet another year where there are not enough homes to satisfy demand. It’s still a good time for sellers, but because buyers also need to be cautious, preparation, timing and of course pricing are as important as ever. It is likely that other areas in Seattle will see price growth that we will not, but thus far prices have held steady.

The West Seattle Bridge is a huge X factor that no one anticipated. West Seattle Realty has led the effort to let the City know this is an urgent problem with untold ramifications. We are rallying our neighbors around this issue by starting the online community “West Seattle Bridge Now.” We need a solution as quickly as possible. And the sooner we have a definitive answer to fixing or replacing the bridge, the sooner we can establish our new normal.

Again, to join in on next Tuesday’s real-estate discussion, email info@westseattlerealty.com.

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