Spring Market Update

With all of the uncertainty surrounding us right now, we are getting a lot of questions about whether or not it is a smart time to buy a home. We definitely say YES…it hasn’t been this affordable to buy a home in quite some time!

“If you’re in the market to buy a home, today’s average mortgage rates are something to celebrate compared to almost any year since 1971…mortgage rates change frequently. Over the last 45 years, they have ranged from a high of 18.63% (1981) to a low of 3.31% (2012). While it’s not likely that the average 30-year fixed mortgage rate will return to its record low, the current average rate of 3.45% is pretty close — all to your advantage.” – Freddie Mac

UPDATE: Rates have gone up this past week, and are now closer to 4% (which is still an amazingly great, low rate!). This is due to the high volume of refinances the lenders have been experiencing, causing them to have little capacity for any new business! We are definitely in some crazy, unprecedented times! The demand for listings is still HIGH…there are still lots of buyers wanting to buy homes! And the supply is still VERY LOW! We are still helping clients buy and sell homes…we now are just doing it a little more cautiously, bringing sanitizer with us, not going into crowded open houses, etc. Please call us if you have any questions!

COVID Update

Our ❤️❤️ go out to anyone impacted by this pandemic…which happens to be just about everyone!

We want to let you all know, for the time being, we’ll be “hunkering down” at home as much as possible, doing our part to flatten the curve and get through the COVID-19 crisis as quickly and safely as we can.

That doesn’t mean we are not working, available, or able to help you…reach out to us! It does not need to be about real estate. It can be a personal issue. We’ll do our best to assist you in any way possible.

Alicia’s phone number is 425-919-9302.

Kris’ phone number is 425-736-3490

We are still available by phone, text, email, or any other non-face-to-face way you can think of. Luckily, there’s a lot we can get done remotely nowadays, both personally and in real estate.

So, whether you’re currently in the middle of buying or selling a house with us, need to figure out how (or whether) to buy or sell during this time, or need help getting groceries, just reach out and we’ll do our best to figure out the best way to help as safely and conscientiously as possible.

Be safe…stay home…and reach out to us if you need something! We are all in this TOGETHER!!

On a lighter note, watch this AMAZING video!!

We want to thank EVERYONE who is doing their part during this health crisis…from the First Responders, Grocery Workers and Mail/Delivery Workers, to all of the people abiding by the Stay at Home order…THANK YOU!!

We WILL get through this TOGETHER!!

Concierge Services Now Available!

We are now offering concierge services. What exactly do we mean by “concierge services”? With this new service, our clients who want to sell their homes will have the ability to do pre-sale home improvements with no upfront costs to them. All our clients have to do is list exclusively with The Messa Group Real Estate and we will do the rest!

We will give our clients advice on what home improvements would provide them the best return on their investment and then, once agreed upon, we will organize and schedule all of the work to be done. It is that easy!

Have questions? Give us a call today!

We want to give a huge THANK YOU to everyone making it possible for us to offer this CONCIERGE SERVICE to our clients, including:
All Weather Heating, Air Conditioning & Refrigeration, LLC, Beacon Davenport, BT Painting Inc, D & D Floor Covering, Handy in the Valley, JDog Junk Removal & Hauling Eastside, Si View Window Cleaning & Exterior Maintenance and Sweeping Beauty Cleaning Service!!

We’ve Got Big News!

We are excited to announce that we are joining McFarland & Associates in North Bend!  We will still be working as The Messa Group Real Estate, but now our brokerage is located where we live, work and play!!

Rob McFarland welcomed us by saying, “I’m thrilled to have Alicia and Kris joining McFarland and Associates. These talented brokers add experience and depth to the agency to serve client needs better than ever.

In other exciting news, LYNDSI IS BACK and is once again taking on her role as our marketing manager while still working full-time at T-Mobile.

We are so happy to have her back and look forward to all the new content coming this year!

Winter Market Update

Oh boy, oh boy!! Can it be?? The market is starting to closely mimic our market back in 2017/18 with listing review dates and multiple offers once again becoming more and more common!! The record-breaking low inventory and an abundance of eager buyers are definitely helping to create a seller’s market once again.

Luckily, we have record low-interest rates helping buyers afford more for their money!! But wait! Aren’t we headed into a recession sometime soon? The Wall Street Journal revealed only 14.3% of economists now believe we’re in danger of a recession occurring this year!!

So now the questions is, “Is now the right time to buy or sell?” The answer is YES!! As a buyer, interest rates are amazing…and home prices are going to continue to rise! You buyers need to get pre-approved for a mortgage, be ready to make a competitive offer from the start, and be patient. 

We just helped a client of ours win a home, going up against 10 other offers! We know how to package your offer right to get you the home you want! 

As a seller, in some ways, you’re in the driver’s seat. When supply is low and demand is high, you, as the seller, are in a good position to negotiate. Whether it is price, moving date, possible repairs, or anything else, you’ll be able to demand more from a potential purchaser at a time like this – especially if you have multiple interested buyers. Don’t be unreasonable, but understand you probably have the upper hand. 

We just closed on a home we had listed for $25K over list price! We know how to market your home and generate a buzz, causing multiple offers and netting you top dollar for your home!

Help us Spread Holiday Cheer to all This Year!

Holiday light show fun!!

Come watch as our cute reindeer sings Holiday songs while lights dance to the music! We will be collecting food for the Helping Hands Ministry’s BackPack Program that sends home food every week to families in need and the Snoqualmie Valley Food Bank. Food donation bin located at 1730 Tannerwood Way SE, North Bend.

2nd Annual VIP/Client and Community Event Featuring Frozen 2

Our event took place on November 23rd, 2019 and over 265 people were in attendance!

We are so very grateful for all of our amazing clients, friends, and community! What an amazing turnout and your generosity were over the top! We collected a HUGE truckload of food and coats for the Snoqualmie Valley Food Bank and the Kiwanis Giving Tree, along with $500 to go to the Food Bank! We do these events to thank our clients and community…we love where we get to work and play…and can’t wait for our next event! Stay tuned!!

#BeKindSV…it’s a MOVEMENT!

It started at Opstad Elementary, it’s developing at Fall City Elementary, and it’s spreading to the whole Snoqualmie Valley community!! A HUGE shout out to J & R Rockscapes for donating all of the rocks to Opstad Elementary! #BeKindSV rocks are about to take the community by storm! Be on the lookout for all that is happening by liking and following our new Facebook page

Market Update for January 2019

King County

January showed year-over-year improvement in the volume of new listings and total inventory, along with moderating selling prices. Although fewer solds were reported in King county than a year ago, January started as a bit of a surprise with lots of activity which normally isn’t felt until later in the month. Buyers are giving signsof a healthy spring market with their increased search activity and rise in mortgage applications. Indications are that buyers are feeling the real estate market has finally stabilized and sellers are similarly encouraged by having more options with the increase in inventory. It still isn’t clear if the Spring market is going to come later than normal, as some economists have forecasted. All WE know is the market feels healthier than it has in many years!!


North Bend

New Trends in Homeownership

Homeowner tenure, the average amount of time homeowners live in their home, has increased dramatically over the last ten years. In 2008 and during the recession, people began staying in their homes longer. Prior to the housing crisis, that tenure was about five years. It increased to seven years between 2008 and 2016. In the last two years, partially owing to the inventory crisis and rising interest rates, according to a new study by First American, home tenure has grown to an amazing ten years

Although it may not seem like much of a change, this trend has shifted quickly and it has big implications for our inventory issues. Why are people staying in their homes longer?

  • Mortgage rates – Years of low interest rates have homeowners not wanting to trade in their historically low mortgage rate for today’s rates.
  • Lack of supply – Homeowners not wanting to compete for the lack of homes in the market, worsen the problem by staying in their homes.
  • Tighter Credit Standards – Credit is not as lenient as it has been, and some homeowners may be concerned about qualifying for a new mortgage under these tougher lending standards.

According to the National Association of REALTORS® 2018 Profile of Home Buyers and Sellers, buyers who bought a home last year expected to be in the home 15 years. According to the same study, the actual tenure in the home reported by home sellers was reported as follows:

The below graphic indicates that 44% of last year’s home sellers were in their homes for 11 years or longer. Only 36% were in their homes five years or fewer.