Today I want to give you a fun fact about Cinco de Mayo and go over how that relates to our current market.
Buying a Greater Seattle home? Start Your Home Search
Selling a Greater Seattle home? Instant Home Valuation
Happy Cinco de Mayo! I want to give away a $25 Amazon gift card today if you can answer the trivia question at the end of the video, but first I want to give you some details about Cinco de Mayo and our current market.
Cinco de Mayo means May 5th in Spanish. It’s a celebration of an unlikely victory that Mexico had over French forces on May 5th, 1862.
“Cindo de Mayo is the celebration of an unlikely victory that Mexico had over French forces on May 5th, 1862.”
What does that have to do with our market?
A lot of sellers feel like if they write a contingent offer in this market, it’s unlikely they are going to win that battle. Luckily, I have a great tip to empower homeowners, which is to use a home equity line of credit, or a HELOC.
Let’s say you have $100,000 in equity. You can take about 80% of that, so in this case $80,000, and use that for a down payment on your next house. There are a lot of details to sort out if you want to go that route, so you need to make sure you give me a call before trying to set it up on your own.
In this brutal market, having to write an offer contingent on your current home selling puts you at a huge disadvantage.
I do have one other tip, but it’s a very unique product for a specific seller and buyer. What if you could sell your home without having already found a new home and still avoid being homeless? Sounds too good to be true, right? I’ll let you in on the secret to doing that if you’re interested. All you have to do is give me a call.
What is the difference between tequila and all other alcohols?
To submit your answer click on the Facebook link below and write in your answer in the comments below the video #CincoDeMayo. Good luck!
If you have any questions, please don’t hesitate to give me a call or send me an email. I’m more than happy to help.