In 2006, this top floor view condo in Juanita Bay was sold for $575,000. At it’s lowest point, the appraised value and Zestimates were hovering around $325,000-375,000.
August 2016, I negotiated 2 offers. The first one walked as we haggled over a low price.
There are just 42 units in the corner of this protected bay which is a bird sanctuary and surrounded by parks on both sides.
I instructed the Seller to hold out and we could do better. 2 more weeks go by and then we got a good one and settled at the final price of: $694,500.
I am still getting “Zestimates” that say the value is nearly 100K less than what I sold it for.
Real Estate value will ebb and flow with the seasons and the economy but over a 10 year span there is historical evidence that supports that values steadily go up. Finding the right buyer at the right price is what my job is as a listing agent. Not selling fast. Speed does not translate to expertise in real estate.
Knowing when and how to market and sell a property to maximize your profit is everything.
You don’t have to be the expert, you just have to hire one.
I am a 2nd Generation Realtor who got my Real Estate license at 19. I receive referrals and recommendations from friends, family and other Realtors who know they can rely on my area expertise. And so can you.
Buy, Sell, Live, Kirkland. | 206-948-0431 | GeorgiaWall@JohnLScott.com