Testimonial – Happy Home Seller

Tags

We found Jack by fate..trying to FAX papers to an Oregon Windermere Agency. He was so helpful we knew we found the person for us. He is so high energy and positive which is so reassuring and gave us tools to use(stagers, photographer)which is such a bonus. He stopped by as we worked on our house to sell and encouraged us as we got tired. He also found us a new house and offered his opinion when we asked, he is so knowledgable about houses. We have sold 2 other houses in a short time out of state and Jack is a standout in the sea of realtors! We would reccommend him to everyone, he is such a hard worker. (Yonker)

Testimonial – Happy Home Buyer

Tags

Jack Malek is hands down the best real estate agent there is! My husband and I recommend him to everybody we know looking or thinking about buying a home. he helped us thru our very tedious short sale purchase. without him we probably would have given up on buying a place all together. he helped us to understand the whole process and he was informative, encouraging, and hard working the whole time. he helped us find a great house in our budget and negotiated for the best price. he is a very professional and hardworking person and by far the best of the best! (sp714)

Richmond Beach & Shoreline Activity: Oct 2010 to 2011

RICHMOND BEACH Oct 2010: 6 Homes sold; Averages of 2,288sqFt; 138 Days on market and Sell price of $434,167

RICHMOND BEACH Oct 2011: 4 Homes sold; Averages of 2,368 SqFt; 41 Days on market; Sell price of $470,750

ALL SHORELINE Oct 2010: 25 Homes sold; Averages of 2,130 SqFt; 119 Days on market; Sell price $358,400

ALL SHORELINE Oct 2011:  36 Homes sold;  Averages of 1,812 SqFt; 64 Days on market; Sell price of $280,243

OBSERVATIONS: 1) Absorption in the Richmond Beach, Innis Arden and Woodway areas is up.  And with fewer homes available, those that are in great condition and priced aggressively, sell quickly.  2) Also noted is a 20% flip rate – meaning one in every five transactions fail due to financing.

Business & Technology | Puzzling plunge: 15% year-over-year drop in county home prices | Seattle Times Newspaper

Business & Technology | Puzzling plunge: 15% year-over-year drop in county home prices | Seattle Times Newspaper.

Image

Richmond Beach View Home

This modern designed, custom built home was completed in late 2007. It is 4 bedroom, 4 bath with 5050 square feet (4270 of which is finished). Large corner lot (8916 sft) with vast Sound and Mountain views. Grand 2-story entry with open staircase and windows that span near floor to ceiling and custom blinds. Open floor plan features chef’s kitchen with Wolf gas range, built-in refrigerator, walk-in pantry, 2 sinks and quartz counter tops. Luxurious master with walk-in closet, en-suite 5-pc bath, heated-jetted tub and heated towel rack. Heatpump, Hi-Tech cable, and more! Elegance is at a turn-key… Offered at $916,000 (Call for appointment: 206-498-2189)

Open Sunday from 1pm to 4pm, refreshments served: 2122 NW 204th Street, Shoreline, WA 98177

Real Estate | Ways to buy a house in a high-demand area | Seattle Times Newspaper

Real Estate | Ways to buy a house in a high-demand area | Seattle Times Newspaper.

Ways to buy a house in a high-demand area

Easing up on your homebuying requirements helps you to buy sooner rather than later.

By Dian Hymer  Inman News

DAVID MILLER / THE SEATTLE TIMES

You’d think with so many homes for sale, there would be no problem finding one to buy. However, plenty of buyers who would like to buy now to take advantage of low interest rates and prices can’t find the right home.

One problem is that the most desirable areas don’t have an oversupply of good homes for sale. Sellers who don’t have a good reason to sell now aren’t, so the supply of good listings is low.

Many listings that are available in these coveted areas either need a lot of work or are overpriced for the market.

Fixer-uppers aren’t popular. Most buyers are already concerned about the market, their jobs and the state of the economy. They shy away from homes that need a lot of work because it raises more questions and uncertainty. How much will it cost? Could it cost more than expected? How long will it take to complete the job?

Buyers who have the vision to imagine a home in its fixed-up condition can keep costs down if they live in the home while the work is being done. Expect it to be a stressful experience and plan on the work taking longer than anticipated. Uncontrollable factors, like rain, can hold a project up due to no fault of the contractor.

Most contractors like to work on a time and materials basis, which leaves the ultimate cost unknown. A fixed-price contract may cost more, but if unanticipated work needs to be done, it won’t cost you more. It’s like paying for insurance.

A listing that has been on the market for some time is likely to be overpriced. Try making a low offer. You might be able to negotiate a mutually acceptable price. Before making an offer, ask your agent to find out if the sellers are planning to reduce the price. If so, make your offer quickly. When listings are lowered to the market price, more than one offer can appear. Have your agent search the multiple listing service to see if there are any listings that might suit your needs that didn’t sell and were withdrawn from the market. If the owners still want to sell and are willing to be flexible on price (the listing probably didn’t sell because it was overpriced), make an offer and see if you can reach an agreement.

First, ask to see disclosures and reports to find out if there’s any reason, other than price, why you wouldn’t want to buy the property.

Another approach is to broaden your search. If you’ve been focusing on only one area, you might consider several other neighborhoods that could work for you. This opens you up to more new inventory.

One couple was set on buying in Piedmont, Calif., for the location and schools. There was so much demand in their price range and so few listings they were priced out of that niche market.

They bought a home in neighboring Contra Costa County where they got much more for their money and good schools, although they had to sacrifice on location.

Easing up on your homebuying requirements helps you to buy sooner rather than later. For instance, if you’d like a view but can drop that requirement, you’ll have a much easier time finding a home to buy.

All homebuyers need to make compromises. But don’t buy a home that won’t serve your housing needs. In this market, it makes sense only to buy for the long term.

It’s better to rent until the right place comes along than it is to buy a home that you’ll need to sell again soon.

quotes Regarding fixer-uppers, the author makes two mistakes in a row. She says most… (October 17, 2011, by marshafielding) Read more

Read all 1 comments > Post a comment >

What’s the Best Day to List a Home?

What’s the Best Day to List a Home?. (Click here for full article from Realtor Mag)

What’s the Best Day to List a Home?

Daily Real Estate News | Wednesday, October 19, 2011

List a home on Friday and you’ll have a greater chance of success when selling it, according to Redfin, which analyzed 1.2 million listings in 16 markets over 21 months to determine the best day of the week for selling a home.

In every market analyzed, Redfin found that homes listed on Friday were 12 percent more likely to sell within 90 days. What’s more, the company found that homes listed on a Thursday or Friday sold for slightly closer to the list price: 94.4 percent compared with 93.9 percent for homes listed on a Sunday or Monday.

Homes listed on Friday were viewed 19 percent more by buyers than homes listed on any other day of the week, according to Redfin’s study.

“Our theory is that since home buyers tend to tour homes on the weekends (Saturday and Sunday have 2.5 times more tours per day than weekdays), homes listed on Fridays are the freshest in buyers’ minds when they’re making their weekend plans,” the brokerage said in a blog post about the findings. “It also seems likely that many home buyers sort their weekend ‘must see’ lists by date listed, going to see the freshest homes first so they have the best chance of getting in on a potential good deal before other buyers. These factors put homes listed on Friday in front of more touring buyers on the weekend. More tours leads to more offers, and more offers leads to a better price and a better chance of selling.”

Source: “Best Day to List Real Estate for Sale: Friday,” Inman News (Oct. 18, 2011)

Read More: 
15 Cities Where Listing Prices Are Rebounding

Richmond Beach Statistics

Tags

, , ,

Richmond Beach For Sale vs Sold

Criteria: Single Family Homes, Richmond Beach area, July 2009 to July 2011. Data supplied by the NWMLS.