Friday, October 28, 2016 / by Christine Andreasen
How do you know it’s the right time to sell your home? Here are the five things I ask people to consider in order to figure that out:
The first consideration is the money. You’ll need to know the equity, how much you owe on the house, and how much the house is going to sell for. You can calculate how much you owe by conferring with a lender. To estimate how much your house will sell for, you can use the home valuation button or ask a professional and solicit their opinion. After that, subtract 9% from the figure it’s going to sell for; that covers both sides’ commissions (which the seller pays for), taxes, and closing costs. In other words, 9% less than the dollar amount it’s going to sell for is how much money you’re going to be left with at the end of the transaction.
How much money you’re going to get out of the deal is a worthwhile consideration.
The second and third considerations are whether the ...
Friday, October 14, 2016 / by Christine Andreasen
Today I wanted to talk about two things: burgers and real estate.
First, a word about what I consider the best burger in the Puget Sound. Where is this burger, you might ask? You can find it at Triple XXX Rootbeer Drive-In. This is a 1950’s style diner that’s makes its own in-house root beer floats and hosts weekend car shows. I recently went there with my daughter and we got to sit down and treat ourselves. I can’t recommend this place enough.
Now, onto real estate. There are two graphs in the video above that give you a sense of where our market’s at and what you should be doing about it.
The first graph measures the number of homes for sale versus the number of homes that have already sold. As you can see, the myth that it’s better to sell in the spring is disproven once again. Last November and December would have been a much better time to sell because there was much lower inventory relative to the number of buyers than ...
Friday, September 30, 2016 / by Christine Andreasen
Vince Lombardi famously said that hope is not a strategy, and I believe that this applies to real estate. Hope is not a strategy for buying or selling a home, and it is certainly not a strategy for hiring a Realtor.
I recently lost a client, which I hate. However, I keep thinking about it because this was someone I had worked with and talked to and when I asked if she was ready to buy a home, she said, “No, we found someone else. We went to an open house and found another Realtor. You did nothing wrong; we just happened to find this other person. It was just luck.”
I was thinking about what she said, so I did some investigating. I am amazed at how many people choose their Realtor by luck or happenstance. Let’s say I told you, “Here’s this thing that’s worth half a million dollars. It’s a complicated legal transaction if you want to buy or sell it. Now, you have to find someone to represent you and you have to use ...
Friday, September 16, 2016 / by Christine Andreasen
The 4th quarter of the year is probably the strongest time to sell your house. Most people believe the urban legend that they should wait until spring to sell their house; as a Realtor, I hear that all the time. If you’re thinking about selling a home, I wouldn’t be surprised if the thought of waiting til spring has crossed your mind.
However, this is one of those times where going against the crowd will actually make you money. Frankly, I think if everyone is doing it, you should always do something else. In general, that is how I approach life. Now, let’s specifically look into why selling in the 4th quarter is better than waiting til spring.
First of all, everyone else is waiting for spring and summer to sell their homes. That means there is less inventory on the market in the winter, which also means there is less competition in the winter. When there is less supply available, prices will trend higher. Again, most people don’t think a ...
Wednesday, August 31, 2016 / by Christine Andreasen
I am not at the Columbia Tower Club, as you might have guessed. I'm actually camping! The family packed up and drove down the Oregon coast, and we're actually in Northern California now in the Redwoods. It is beautiful out here, and we're all having a great time.
Since it's early and I can't sleep, I do what I always do - have my coffee and start thinking about real estate. That's just how it goes!
Today, I wanted to talk about interviewing agents. I often get interviewed during listing appointments and I get asked to show my marketing plan, which I have no problem doing. The issue I have is - why do you want to see it? Why do you care? I understand why, but can you really tell me that my marketing plan is better than someone else's marketing plan? Or that someone else's marketing plan is better than mine?
How would you know? See, I don't think that's the best question you could ask. I don't think it's really going to get you what you want. What is it that you wa ...