Ballard – one HOT neighborhood

Windermere Real Estate agent Peter Richmond listed a house between Fremont and Ballard for $450,000 on July 29 but put off accepting any offers for a week.

It’s a technique that was pretty common in the go-go housing market of the middle ’00s but fell out of practice as the market tipped in favor of buyers. A week later, he had two offers.

"At this point, I think you’re doing the seller a disservice to take the first offer that comes in," Richmond said. "I think there’s too much demand."

Read more: http://www.seattlepi.com/realestate/article/Home-buyers-finding-competition-for-nice-homes-in-2028562.php#ixzz1VDFzQICK

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