Finding a Home in Bothell: The Ultimate Guide

Understanding the local housing market is key to buying a home in the “right” area. While it’s somewhat subjective, there are qualities every homebuyer looks for when shopping for a new home.

For example, all buyers want to know they’re looking at homes in a neighborhood known as a good place to live. They want to know if the home they’re about to fall in love with is priced fairly. Most buyers also consider whether now is a good time to buy a home.

If you’re planning a move to Bothell, WA, you’re likely asking some of the same questions.

To help you begin your home search, we’re sharing pertinent information about the Bothell housing market. Take a minute to read today’s post so that you’re ready to buy when you find that perfect home.

Search Local Listings

Before you schedule showings with a real estate agent, browse the current home listings. You’ll find several nuggets of information, including price trends and home estimates for other properties in the area.

In addition to housing costs, most online real estate listings include school information. The Northshore School District serves Bothell’s students and features Canyon Park Middle School and Bothell High School.

Spending time on local market research gives you a general idea of housing trends and the amenities you’ll enjoy if you decide to buy in the area.

What Does the Bothell Housing Market Look Like Today?

While it’s beneficial to look at trends, it’s essential to understand the current market. Real estate markets are fluid, as we’ve seen during the recent global health crisis. That said, the market in Bothell continues to prosper.

Over the past several years, home prices rose to the point where many homeowners have seen their investment double in value. Combine the increase in home prices and value with current low-interest rates, and it’s easy to see why Bothell, WA continues to draw homebuyers.

Once you’ve found a few potential homes to buy, your real estate can dig deeper into each property by performing a Comparative Market Analysis (CMA). A CMA compares properties based on similar square footage, number of rooms, and location.

CMAs also provide data on homes sold recently, which can help buyers and lenders better understand the local housing market’s health.

Looking Deeper than Nationwide Housing Trends

If you watch the evening news with any regularity, you’ve already heard plenty about the national housing market. There’s nothing wrong with following nationwide stats. After all, they do point to the overall health of the economy and the housing market in general.

Remember, real estate is local. Nationwide housing trends, including mortgage rates, play a role, but you’ll base the decision to buy a home on factors specific to your unique market. You might even give a nod to Bothell weather.

Ready to Discover Your Next Home?

While it’s essential to learn about the local housing market, sometimes the data you find looks about as clear as mud. That’s when you need advice from an expert familiar with the Bothell market.

Most homebuyers work with a team of experts, including home inspectors, mortgage advisers, and insurance providers. The most critical team member is your real estate agent.

Contact our team today and let us help you on the path to homeownership!

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