On the 4th of July, friends were out on Lake Washington enjoying the sunshine and a day of boating. They got to talking and decided they wanted to live on the water. They were now empty-nesters and ready to make the move. They got home, started looking online and found a house that they were interested in. They called me and we got together the following day to start to make a plan on how to make it possible.
We discussed the elements of an offer. The listing had been on the market a few weeks and we decided to make the offer contingent on the sale of their house. After going back and forth on a few things, we reached an agreement and their offer was accepted. Now we had to get their house on the market and get it sold.
We negotiated some extra time in order to get their house ready. Then my team leaped into action. In the matter of two weeks, we met with the stager, installed new carpet, paint, granite countertops, and light fixtures. We had carpets, windows and the whole house cleaned. The house was inspected, and the furnace was serviced. We were ready for photographer.
And then on Thursday, we got a call from the listing agent. We were getting bumped. That meant we had 2 business days to get their house sold… and the photographer hadn’t even been to the house yet. We had until Monday at 9 pm to remove the contingency. We discussed strategy and activated the listing while waiting for the professional photos to come back. We decided to hold the house open Friday, Saturday and Sunday and then review offers on Monday. We were cutting it close.
By networking with other agents, contacting those with buyers in the neighborhood, and online advertising, we had about 70 groups through their property. When we sat down to review offers, we had four offers and the property sold for over list price with the inspection and appraisal waived. We were able to remove the contingency on their purchase and proceed toward closing.
So from what started as an idea out on the water with friends, became a reality when they moved into their new waterfront home a short two months later. It’s so exciting when it works out so well. It was a lot of work in short time frame, but by working together it had a very happy ending.
I'm excited to announce that Windermere is one of the sponsors of the 2016 Seattle Art Fair.
This sponsorship provides me the opportunity to pass along complementary one-day tickets to you!
The Seattle Art Fair was founded by Paul G. Allen to showcase the vibrant Pacific Northwest art scene, the fair features local, regional, and international art galleries presenting top-tier modern and contemporary art.
SEATTLE ART FAIR
11am – 7pm | Friday, August 5
11am – 7pm | Saturday, August 6
12pm – 6pm | Sunday, August 7
CenturyLink Field Event | 1000 Occidental Ave S, Seattle, WA 98134
House hunters looking for relief from soaring rents continued to snap up homes at a record pace in May. By one analysis, 80 percent of the homes coming on the market in King and Snohomish counties sold within the first 30 days – many within the first week. With a severe lack of inventory in prime buying season, sellers are getting record prices for homes.
The Eastside, already the most expensive area in King County, saw home prices set a new record in May. Median home prices on the Eastside were up by over $100,000 compared to last year, reaching an all-time high of $760,000. With just a month of inventory available, most new listings here drew multiple offers. Even with soaring prices, buyers should plan to act quickly and count on navigating multiple offers.
With 20 percent fewer homes on the market here than last year, competition among buyers remained fierce. Tight supply and high demand sent prices surging. For the fourth straight month, King County set a new record, with the median price of a single family home sold in May jumping 16 percent over last year to $560,000. The market is in dire need of new homes to ease the inventory crunch.
Seattle has the 4th fastest growing population in the country. That growth has fueled demand. Seattle trails only Portland on the list of markets with thefastest-growing home prices. A single family home here cost $641,250 in May, an increase of 14 percent over the same time last year. While slightly higher than the median price last month, that figure is down from the peak in February.
Since the close-in neighborhoods in Seattle and Bellevue have priced out most first-time buyers, they continued to look to Snohomish County as a more affordable option. The median price of a single-family home increased 11 percent over last year to $389,950. That price is slightly above the pre-recession peak in 2007. However, at 30 percent less than the median price in King County, it’s a relative bargain.
Classic 1932 Tudor. Original charm intact with refinished hardwood floors with ribbon inlay, coved arches, fireplace and lighting. Remodeled lower level features a den and family room with custom built-ins to accommodate todays technology. Fourth bedroom upstairs plus bonus room with lots of additional storage. Fully fenced backyard with patio and lovely perennial garden. Easy walk to West Seattle shops and eateries, Trader Joes and PCC. All this in a friendly, established neighborhood of long term owners. This is the place you'll want to call home.
The hot real estate market shows little sign of slowing down. Home prices continued to move upward. With the number of pending sales exceeding the number of new listings, the supply of homes is falling well short of demand. The inventory of homes in the Puget Sound area is 23 percent less than a year ago.
Today I had the pleasure of attending the Plymouth Housing Group Key to Hope Luncheon. I am thrilled to be part of an organization that is having such a positive impact on housing in Seattle.
As a real estate agent, I have the opportunity to help people find their first homes and their dream homes. It is such an exciting time for buyers. Plymouth understands the power that comes from having a place to call your own. PHG believes in a “housing first” philosophy to empower those who have been less fortunate. By addressing the basic need of shelter, it provides a safe place for them to receive essential supportive services and begin to rebuild their lives and leave homelessness behind.
It was a privilege to hear human rights activist, Bryan Stevenson as the keynote speaker. As he shared his stories, he filled the room with hope and inspiration. I highly recommend his TED talk or pick up his book, Just Mercy.
It fills my heart to be able to support Plymouth Housing Group and the work they do. I believe in giving back to a world that is so generous, so a portion of every sale goes to support causes I believe in. Plymouth Housing Group and Windermere Foundation are two worthy organizations making an impact in the lives of others.
It's game day and we have selected our winners. Check it out!
Thanks to everyone for entering. It was great to see all positive energy this brings to our community.
Congratulations Irene and Chen!
To celebrate our Seahawks Super Bowl run I have created a fun little contest. I have in my possession two of Seattle’s favorites.
1. A Seahawk glassybaby set: “we are 12” and “blue Friday” supporting the Seahawks Women’s Association to assist in the well-being and healthy development of women and children.
2. $50 Seahawk Starbucks gift card.
Here’s how to enter: