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Tips from The Cascade Team Agents

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The key to effectively managing a single-family rental property during any economic cycle hinges on an investor’s ability to maximize their property’s value.

As the current U.S. unemployment rate hovers above Great Depression-Era levels, many property owners are having rent delinquency, leasing and management issues.

So, what can an investor do during the current economic situation to protect their asset? What immediate steps can they take to curtail delinquencies, sign new tenants and avoid long-term vacancies? 

The first step is to ensure that the property generates steady monthly rental income in the most efficient manner, even when renters are losing their jobs. Oftentimes, ensuring that a rental produces steady returns, while minimizing

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Issaquah-Fall City Road Bridge Construction:

Crews are widening the road from two lanes to four lanes and are improving the intersections from signalized intersections to roundabouts,” Sammamish Senior Project engineer Sam Park said. “There are going to be three roundabouts, and we’re removing a sag in the roadway by building a bridge.”

It is that bridge work that is going to cause the closure of this route that connects the Sammamish Plateau to Highway 202 and I-90. The bridge is 400 feet long. Park said the plan is to close Issaquah-Fall City Road at the end of the month, though the closure date is still in flux. This closure will last eight months.

“Everyone is going to have to find their way around it,” Park said. “We’re going to have to

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The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer.

Despite the economic downturn and disruptions stemming from the coronavirus pandemic, Northwest MLS member-brokers reported impressive improvement from April to May on some key indicators. The volume of new listings, including single family homes and condominiums, rose 29.2% and pending sales jumped more than 44% systemwide. “The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring,” said Joel Kan, an MBA economist.

  • Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according
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Despite the economic downturn and disruptions stemming from the coronavirus pandemic, Northwest MLS member-brokers reported impressive improvement from April to May on some key indicators. The volume of new listings, including single family homes and condominiums, rose 29.2% and pending sales jumped more than 44% systemwide. “The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring,” said Joel Kan, an MBA economist.

  • Mortgage applications to purchase a home rose 5% for the week and were a stunning 18% higher than a year ago, according to the Mortgage Bankers Association.
  • As the coronavirus outbreak was surging six weeks ago, applications by homebuyers were
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The growing trend of working remotely could untether Americans from office spaces in pricey areas and prompt them to buy homes elsewhere. Home sales in the suburbs as well as smaller, less expensive cities could see a boost that continues beyond pre-pandemic levels, The Wall Street Journal reports.

Some tech companies, including Facebook, Twitter, and Square, have already announced that they will allow select employees to work remotely full time. They expect half of their workforce to work remotely within five to 10 years. Facebook CEO Mark Zuckerberg says that about 75% of his employees have already expressed an interest in moving to a different city if they could work remotely.

The insurance company Nationwide, based in Columbus, Ohio,

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Go to the Listing Now!!! 

Experience sophisticated mountain living on a 1+ acre corner lot in Easton, secluded away from the city with the convenient access to I-90, and a little over 1 hour commute to Seattle. 

Lake Kachess 1 mile away

↡ View the Virtual Tour Here ↡ 

 

This country classic estate offers an exceptional escape into the great Northwest for a truly amazing serene year-round abode where you’ll enjoy a spacious three(3) bedrooms two and a half(2.5) baths in the Main Home with two(2) bonus rooms; a separate detached 1384 Sq Ft 1 bedroom 1 bath guest house; a generous specialty 4-car tandem detached garage with two(2) massive work bays; and an additional unfinished 800+ SqFt flex space above the garage for the ultimate mountainous getaway. 

    

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It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to the future and make predictions about the lingering effects the COVID-19 pandemic will have on the industry.

The current evidence supports more of checkmark-shaped recovery rather than a V- or U-shape — beginning with an immediate drop that lasts 3-4 weeks, followed by a gradual recovery.

Past analysis has shown that the COVID-19 pandemic and associated lockdowns will cause a significant dip in real estate activity. The latest U.S market data shines a light on what the dip and recovery will look like — a checkmark shape, with

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Real estate will boom once coronavirus threat is gone -- Go ahead, put your house on the market

By Rogers Healy FOX Business

The stigma that has been historically associated with a home's "days on market," as it relates to home sales is soon to be a thing of the past.

The real estate market is definitely not operating in a traditional manner during the coronavirus pandemic but real estate professionals have been working behind the scenes to ensure that the industry remains a safe haven amidst an upside-down world.

There are still an incredibly large amount of unknowns out there but we are doing our best to operate after the shocking developments that came in March.

For people who have been considering selling, it might not be necessary

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Real estate brokers may not:

 

  • Conduct any business outside of their home, including physically showing or previewing properties, conducting in-person listing presentations, taking property photos, staging homes, etc.  Any person who violates the Governor’s order not only puts himself/herself and his/her family at great personal risk, but also puts the real estate firm and his/her clients at risk.

 

Real estate brokers may:

 

  • Provide services to their clients remotely from their house; and
  • Use technology services that enable remote business, including online forms, electronic signatures, virtual tours, videos, and similar tools.

 

Last night, Governor Inslee issued a statewide “Stay Home, Stay Healthy” order

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The Elements of Choice and Service

Some consider that the internet has eroded the ‘human connection’ in relation to the search-to-purchase process of a property. Most home buyers today are visiting home listings to search and compare properties based on several parameters including size, budget, location, availability, and accessibility from the comfort of their homes. In consideration of the current coronavirus it is not only prudent but extremely important.  

Various studies reveal human intervention is almost becoming outmoded in the ‘search and discovery’ stage of property purchase. For those who are tech-savvy, there is no need for human interaction in the ‘search and discovery’ phase, as there are numerous property portals ranging from

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