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Lewis County Market Update April 2021: Centralia, WA 98531 & Chehalis, WA 98532

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The real estate market is booming, there hasn’t been a better time in the history of real estate to sell your home. Right now there is extremely limited inventory. There aren’t enough houses on the market for the amount of buyers that we have that want homes.

Hi my name is (Eren Millam) with (Premiere Property Group, LLC) and I’ve sold hundreds of homes in Lewis County over the past 8 years, so there isn’t much that I haven’t seen or experienced.

The absorption rate right now is 1 month supply of inventory in Centralia, WA 98531 and an 100% absorption rate Anything 20% or higher is a sellers market and we are at 100%, which is a sign of the market hugely in favor of sellers. 

In Chehalis, WA 98532, the there is only a three week supply of inventory.  I’ve NEVER in my 8 years in the industry seen it this low and I’ve see the bottom during the last crash..  That is insane.  What that means is that we are in a sellers market, homes are staying on the market less than a week. With that being said, seller’s have all of the control, have the ability to choose the cream of the crop terms and conditions. They can be very selective when choosing which offer to take. 🗹 And remember, don’t be afraid to counter anything that you want that will make the transition, terms, and experience meet all of your expectations, you’re in the position to do so.  Here are few things to think about. 

Timeframes, choose the best timeframe for close of escrow that works for you.  Also, Shorten up contingency dates for inspections, loan, disclosures and appraisal, or even better take an offer that has NO contingencies at all. You could sell the home As Is, which means that if the buyer asked for any repairs or found something wrong with the home you wouldn’t be obligated to fix it. Also, there are things that are typically customary for what a buyer would be responsible for and what a seller would be responsible for. 

For example in Lewis County, the seller pays for Septic Inspection, but in this market you could counter that out and ask for the buyer to pay for it.  There’s quite a few more things to consider and negotiate on your behalf, but I don’t want to keep you for too long, so if you’d like more information and are thinking about selling, give us a call, we’d be happy to help because we believe extraordinary service delivers extraordinary results. 

And don’t forget if you’re thinking of selling your home here in Centralia, WA 98531 and Chehalis, WA 98532, we are specialists. Make it an extraordinary day!

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