According to the Northwest Multiple Listing Service, there were just over 117,000 homes for sale in the Puget Sound Region in April. Out of those, over 102,000 were pending. That means only 1 out of 8 homes with a “For Sale” sign in the front yard was still accepting offers.
When a home sale is pending, that means the seller is already under contract with a buyer and cannot accept new offers from other buyers. Ideally, the seller will add a “Pending” rider to their “For Sale” sign, but the unfortunate fact is that it’s not always done in a timely manner, if at all.
What makes matters even more confusing for home buyers is that many online real estate search sites, such as Zillow or Realtor.com, can take several days to update once a property goes pending. It’s not uncommon for a buyer to fall in love with a dream home they see online, just to have that dream shattered when they learn that the home is already pending.
So what can a home buyer do to sift through the clutter? It’s quite simple, actually. They can download our free app!
Our KW App has advanced search and GPS-enabled features not available online, and best of all, when a new home comes on the market or goes pending, our KW App will get the update in as little as 15 minutes!
So if you’d like to make your home buying experience more efficient and less frustrating, simply download our free app. If apps aren’t your thing, that’s OK! You can also contact one of our expert Buyers Agents today and they can send you the most up-to-date listings directly as well.
Happy House Hunting!