Thursday, September 20, 2018 / by Christine Andreasen
Today I’m excited to bring you my latest Facebook Live interview, during which I was asked some great questions about selling in today’s market.
Note: I apologize for the blurry video! We're working on that issue for next time.
Cited below for your convenience are timestamps that will direct you to various points in the interview. Feel free to watch the full message or use these timestamps to browse specific topics at your leisure:
00:18 - What’s the best way for sellers to determine home value?
1:25 - Can sellers base their home value on recent sales in their neighborhood?
2:45 - Where not to start when determining home value.
3:35 - Is renovating before you sell a good idea? If so, which renovations are worthwhile?
5:37 - Why is it necessary to work with a Realtor when you sell?
We hope this update has been helpful.
To read NBC News article mentioned at the beginning of today’s discussion, click here.
If you ...
Thursday, September 6, 2018 / by Christine Andreasen
Over the last 15 months, we’ve seen some interesting changes take place in our Seattle area real estate market.
Even just since January of this year, inventory has tripled. Conversely, the number of sales has remained largely stagnant.
This high level of inventory won’t last forever, though. The number of new listings coming onto our market has slowed down recently, so those thinking of buying should make their move now. Our current market has a greater selection of homes than we will likely see again for several months.
With that in mind, those who are thinking of listing should realize that listing during months that typically see diminished inventory can pose a great advantage. The lower your competition, the better your chances of securing top dollar will be, so waiting to list until at least November will likely help you reap the best results.
Also, those who already have a home on the market should know that it will still sell. It just may ...
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 ...