THE HOME BUYING PROCESS

RELAX! IT'S AS EASY AS...

1

CHOOSE A SPECIALIST TO REPRESENT YOU.

2

GET PRE-QUALIFIED WITH YOUR LENDER.

3

UNDERSTAND THE CURRENT MARKET.

4

DETERMINE YOUR WANTS AND NEEDS.

5

SEARCH THE MARKET AND SELECT A HOME.

6

NEGOTIATE PURCHASE AND SALE AGREEMENT.

7

OPEN ESCROW, INSPECT AND APPRAISE.

8

RECEIVE YOUR LOAN APPROVAL. 

9

FIINALIZE CLOSING AND FUNDING.

10

CELEBRATE YOUR NEW HOME!

CONGRATULATIONS!

NEED A LENDER?

 

I'M HAPPY TO RECOMMEND ONE!

FIRST MEETING LENDER CHECKLIST

 

PAY STUBS FROM THE LAST 30 DAYS

W-2 FORMS AND TAX RETURNS FROM THE LAST 2 YEARS

BANK STATEMENTS FOR ALL ACCOUNTS FROM THE LAST 2 MONTHS

30 MINUTES TO COMPLETE THE APPLICATION

FOLLOW THESE ELEVEN RULES WHEN APPLYING FOR A REAL ESTATE LOAN!

 

AUGUST 2020

MONTHLY HOME SALES REPORT

SALES DOWN 14%

Closed sales of single family homes on less than one acre including condos for August 2020 total 747 compared to August 2019 when the total was 869.

AVERAGE PRICE UP 16.4%

The average closed price for August 2020 was $335,632 compared to August 2019 when the average price was $288,256.*

MEDIAN PRICE UP 18.7%

The median closed price for August 2020 was $317,000 compared to August 2019 when the median price was $267,000*

*NOTE: Does not represent home values. 

INVENTORY DOWN

Inventory as of this report totals 534 properties which represents less than a one month supply. 

*NOTE: Months supply based on closed sales for August.

DISTRESSED SALES DOWN

There were 3 distressed sales reported for August 2020 compared to 6 in August 2019. Distressed sales total less than 1% of sales.  

Information comes from the SAR's Monthly Activity Report which looks at single family residential/site built properties on less that one acre and condominiums.

 "WE LOVE OUR NEW HOME AND WITH JASON, OUR FIRST HOME PURCHASE WAS SO SIMPLE!"

JESSICA C

Jason is a very professional and courteous realtor. He understands the fears and hesitations around looking at homes. He will answer your questions thoroughly, while patiently allowing you space to look over your options and think things over. If you are looking for a realtor, talk to Jason for 5  minutes and see for yourself. We love our new home and with Jason, our first home purchase was so simple.

HOME SWEET HOME!

© Greater Spokane Homes | 2020