Real Estate Q3 2019 Reports: Market Update   Q3 was the most stable and balanced market we have seen in years. With very low mortgage interest rates compelling buyers to act and fewer homes for sale than we saw last fall (when a flood of homes came to market), buyers and sellers are each finding their own place in a more equitable […]
Tips, Trends & Living Planning for the Life Expectancy of Your Home   Nothing in life lasts forever – and the same can be said for your home. From the roof to the furnace, every component of your home has a lifespan, so it’s a good idea to know approximately how many years of service you can expect from them. This information can help when buying or […]
Real Estate How to Spot Big Issues Before You Pay for a Home Inspection   Before you plop down $500-$800 for a home inspection, it really helps to identify obvious issues up front and determine if A) you are willing to buy the home despite them or B) the seller appears reasonable about addressing them. If neither of the above are yes, but you might want to keep looking […]
Community Kicks for Kids Shoe Drive Now Through August 15th WHAT: Windermere’s Kicks for Kids event is a back-to-school sneaker drive for low-income youth, distributed through the Eastside Baby Corner. WHY: Kids from struggling families are in need of back-to-school shoes that fit. When kids feel good about their appearance, it improves both their self-esteem and their performance in school. WHEN: Formal shoe collection will […]
Real Estate Q2 2019 Reports: Market Update   Changes in the home lending environment drove down mortgage interest rates in Q2 to their lowest levels in years, giving buyers more buying power for their money and stimulating demand for available homes on the market.   The number of homes for sale is up markedly, especially in Seattle, as is the number of […]
Real Estate New Real Estate Excise Tax (REET) Rate (eff. 1/1/20)   Now that Washington State Senate Bill 5998 has been signed into law, our local real estate excise tax—the tax paid when you sell a property—will be getting a facelift in 2020. The flat rate of the past will make way for a new tiered system which gives owners a tax cut on the first […]
Real Estate Q1 2019 Reports: How’s the Market?   Be forewarned, this quarter’s report looks somewhat dismal. There are two very relevant facts that should be taken into consideration when reviewing it. The first is that Q1 is nearly always the worst performing quarter of any year because the sales completed in Q1 typically went under contract between late November and the end […]
Tips, Trends & Living Preparing Your Garage for an Electric Car   Electric cars help lower emissions and fuel costs, improve fuel economy, and bolster energy security. And considering the volatility of gas prices—and their general skyward trajectory—electric fuel shows promise as an economic alternative. But switching to an electric vehicle entails more than new driving habits and a conversation piece with strangers. It’s also a […]
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Real Estate Should I Move or Remodel?   There are a number of things that can trigger the decision to remodel or move to a new home. Perhaps you have outgrown your current space, you might be tired of struggling with ancient plumbing or wiring systems, or maybe your home just feels out of date. The question is: Should you stay or […]
Real Estate Annual Seattle-Eastside Real Estate Report: A Look Back at 2018   An increase in homes for sale coupled with rising interest rates have created a far more balanced market than we started 2018 with. This is a good thing as it will help our region tame affordability and create a sustainable marketplace. More homes came to market in 2018 than in any year since 2011. […]
Real Estate Q3 2018 Seattle-Eastside Real Estate Report   As Q3 comes to a close, 30-year fixed-rate mortgages are at their highest levels since April 2011—now averaging just above 4.7%. Even so, they are still far lower than their 30-year trendline. A 1% increase in mortgage interest rates decreases buying power by 10%. Or said differently, a 1% rate increase has the same […]
Tips, Trends & Living Protect Your Investment: 5 Fall Maintenance To-Do’s Benjamin Franklin once wrote, “An ounce of prevention is worth a pound of cure.” While he was talking about fire safety, I think it applies equally well to home maintenance. One weekend of prevention this fall can save you many headaches (and a lot of money) down the road. Here are a few ideas to […]
Real Estate Q2 2018 Seattle-Eastside Real Estate Report   Signs of transition to a more balanced market are becoming abundantly clear as we move further into 2018. Price growth, while still climbing in most areas, has tapered off and average market times are inching up. Brokers are beginning to dust off forms that have seen little use of late—finance and inspection contingencies—as buyers […]
Tips, Trends & Living Outdoor Living Trends for Summer 2018   The sun is back and summer is so close you can almost taste the s’mores being toasted around the fire pit…is this the year to spruce up your outdoor spaces? Fun new trends in alfresco design revolve around individuality of lifestyle and a desire to bring the inside out with rooms, furniture and lighting […]
Real Estate Q1 2018 Seattle-Eastside Real Estate Report   Q1 prices in the Seattle-Eastside region have escalated yet again with no sign of slowing in the immediate future. An unprecedented lack of inventory for sale coupled with rising interest rates has prompted buyers to compete with reckless abandon to win the prize of their very own home, albeit with a steep price tag. […]
Tips, Trends & Living Planning ahead: how tax reform will impact your home deductions next year   While you may still be busy filing your 2017 taxes, it’s important to look ahead and be aware of how the new 2018 tax reform laws will affect next year’s return–especially if you’re a homeowner. Those who itemize will need to note some big changes in what they can and cannot deduct. Many will […]