Wednesday, August 22, 2018 / by Christine Andreasen
Today I have four different tips to help you customize your new Seattle home to be the one you love.
I am standing in front of a custom-built home that I’m listing and it got me thinking about how few people build their own home. The owner of this home is actually a builder, so he built it exactly the way he wanted it.
Most of my clients don't get a home that’s been built to their specifications—they often rely on renovation to tweak it to their standards. This is why I want to share some tips with you today about what to think about when it comes to remodeling and renovating your home.
1. Timing. It is highly unlikely that there is going to be a contractor ready to go the moment you close. They have other projects to work on and aren't waiting for you specifically, so start your conversations with contractors in advance. This way, when you find the right house, you’ll know their schedule and work out the timing.
2. Pricing. Getting yo ...
Monday, August 6, 2018 / by Christine Andreasen
Buyers have the upper hand right now in Seattle, but taking full advantage of these favorable conditions means you must understand the three kinds of cash you’ll need to purchase a house.
1. Earnest money. This expense refers to money you’ll offer the seller within 48 hours of when the contract is written to demonstrate your commitment to the deal. You can’t expect to write an offer without having any “skin in the game.” Your earnest money acts as a deposit that, 90% of the time, will be held by the escrow company. This deposit should equate to about 2% of the total purchase price, which is a relatively small expense to ensure the seller’s confidence in your potential as a buyer. You may offer more than this, but you’re not obligated to do so. The best part is that, assuming the deal goes through, this expense will ultimately be applied toward your closing costs or down payment at the time of closing anyway. Unless you wildly violate ...
Thursday, July 19, 2018 / by Christine Andreasen
What’s happening right now in the King County real estate market?
If you’ve been paying attention to the headlines, you’ve likely noticed that inventory is up, prices have leveled off, and, in general, things just aren’t selling the way they were in previous months. Yet, when people absorb news, they don’t often take the time to think about what it means for them. So today I’d like to tell you how these current trends are likely to impact you.
First, they indicate that now is a great time for anyone looking to purchase a home. Yet it’s important to also consider factors that will influence your transaction depending on the specific neighborhood in which you’re looking to buy.
In Ballard, for example, demand is still higher than supply. This means buyers aren’t seeing the advantages they might elsewhere in King County. Shoreline, too, is experiencing high levels of demand, but the balance between supply and dema ...
Wednesday, September 27, 2017 / by Christine Andreasen
This is a continuation of my last video, where we just scratch the surface of what’s going on with our real estate market.
Welcome to Part II of “Are We in a Real Estate Bubble?”. This is a continuation of my last video, where we just scratch the surface of what’s going on with our real estate market. Today, we’re going to dig a little deeper. You’ll have to bear with me for this video- it’s a bit longer. That’s how it is.
Before I really dig deep, I should let you know that my previous caveat still holds true. If you’re looking for “The Answer”, you’re not going to find it. There is no straight answer to this question, and it’s a mistake to believe that there is one. You’re not going to know if and when we’re at a peak in our market. You’re never going to know because it’s not possible to know. The only thing that you can be confident in is that you don’t know- and tha ...
Thursday, September 14, 2017 / by Christine Andreasen
Nobody knows whether our Seattle market is in a bubble because that kind of thing is impossible to know.
This is Part I of a two-part series. To check out Part II, click here.
Are we in a bubble? Will prices be coming down in our market soon?
In reality: I don’t know. The truth is, nobody knows. We’d all be better off if we didn’t have to answer this question because nobody really knows the answer. As famed economist and diplomat John Kenneth Galbraith once said, “The only purpose economic forecasting has is to make astrology look respectable.”
You’re not going to know if and when we’re at a peak in our market. You’re never going to know because it’s not possible to know.
I was on my annual ski trip this past winter with some friends when, as luck would have it, I got a chance to speak to a retired economist from the Federal Reserve about this subject. As a Realtor, I thought this was a g ...