May, 2022 RSS Icon
Found 14 entries for May, 2022.

Pricing your property is a balancing act:

On the one hand, you want to set a listing price that maximizes interest among qualified, motivated buyers who will be willing to pay top dollar for your property. Indeed, such buyers will ultimately determine your property's top market value.

On the other hand, you do not want to set a listing price that attracts a lot of buyer prospects, but sets the stage for negotiations that result in your getting less than what your property is really worth.

Your Home's Actual Market Value

In a perfect world, your home's value would be everything you think and need it to be. However, simply put, your home's value is not determined by you, but by what the market is willing to pay for it at a given time. These

40 Views, 0 Comments
Read Full Post

 

 

Gardening and some benefits that come with it

 Real Estate Info Guide mentions that there is a debate whether gardening truly does add value to a home and tells us by hoe much in dollar terms is does benefit a home seller.

 

 The average ranges from 5.5 percent to 12.7 percent depending on the type of landscaping and the homes original value. That translates into an extra $16,500 to $38,100 in value on a $300,000 home. Meanwhile other sites suggested that a "well-maintained garden can add anything from $3,000 to $45,000

In another article, Home Light asks, "Do Gardens Increase Property Value, or Are They Seen As Too Much Work?" they mention that sometimes gardening is not beneficial, “To plant a garden is to believe in

172 Views, 0 Comments
Read Full Post

 

Week of May 2, 2022 in Review

The Fed took action to fight inflation while the unemployment rate held steady. Here are the key headlines:

  • Fed Hikes Fed Funds Rate to Curb Inflation
  • Unemployment Rate Remains Stable – But for Wrong Reasons
  • Private Payrolls Miss Expectations in April
  • Is the Rise in Initial Jobless Claims the Start of a Trend?
  • Annual Home Price Appreciation Sets a New Record High

Fed Hikes Fed Funds Rate to Curb Inflation

Last week, the Fed hiked its benchmark Fed Funds Rate by 50 basis points after hiking by 25 basis points in March. Note that the Fed Funds Rate is the interest rate for overnight borrowing for banks. It is not the same as mortgage rates. The Fed also said they anticipate ongoing

88 Views, 0 Comments
Read Full Post

Development acitivity is going be very active in 2022 in the City of Snohomish - If you are looking for a new construction home there will be lots of choices as we move further into 2022 and 2023.  Below is a summary of what's on tap: 

  • Contara Court (Pacific Ridge Homes)- 26 detached single family houses west of Ludwig Road south of Tenth Street.  
  • Riverview North - 10 detached houses west of Ludwig Road immediately south of Contara Court.
  • Walsh Hills (D.R. Horton - see below for layout of new development) - 111 detached single family houses on Terrace Ave. Site work is underway with the possibility of house construction starting in the second half of 2022.  

 

 

  • 120 Willow Ave. - Three 2-story 2,000-square-foot detached
164 Views, 0 Comments
Read Full Post

How beneficial is it to a seller to have beautiful curb appeal?

Spring is in the air, and while you are planting your flowers, mowing the lawn, and getting your house "spring pretty" you are also setting yourself up for success if you plan on selling. Does curb appeal help sellers? Does it attract buyers? It does, in face according to Homelight 

In a recent poll of top HomeLight agents from all over the country, 76% said that Improving curb appeal was the best thing homeowners could do to boost a home’s marketability, and another 95% of agents confirmed that putting effort into cleaning and polishing the exterior can bring more attention and a higher value to that home.

 

Buying a home is an emotional experience. It is, therefore,

97 Views, 0 Comments
Read Full Post

 


 

If you plan on selling your house, ask these questions when you interview a broker.

The difference can cost you thousands.

Do you provide a unique personal property website for my home?

We create a custom website designed just for your property. It looks great on every device and is the foundation of marketing your home. It's loaded with beautiful photography, all of the details, as well as maps, school, and neighborhood information. Buyers can even schedule tours right from the site.

Website Features:

Up to 100 high resolution photos
Displays 3D and other virtual tours
School info
Local amenities info
Demographic info
Mapping and directions
Birds eye and satellite views
Schedule a home tour 

 

Will my site be

105 Views, 0 Comments
Read Full Post

  •          The Puget Sound housing market has shifted down several levels
  •          Not all homes are selling within the first week on market
  •          Multiple offers will not be as commonplace as they’ve been in the last two years
  •          The latest MLS report showed a mix of positive and negative numbers.
  •          New listings (11,681) surpassed the number of pending sales
  •          This is evidence that interest rates are having a cooling effect.

 KIRKLAND, Washington (May 5, 2022) –Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service.

“The Puget Sound housing

158 Views, 0 Comments
Read Full Post

"Don't cut corners when selecting, updating properties"

A motto I've always followed when investing/flipping houses.  As appreciation begins to slow and interest rates rise, making money from a fixer-upper becomes less of a guaranteed win. A key to success is doing homework about what's a good contender to be transformed and how to avoid the biggest mistakes. Here are three mistakes I cite.

1. Choosing the wrong right location: A property is worth as much as its location. You should look for desirable amenities like shopping, entertainment outlets and recreation-and watch out for "irritants", such as bust streets and other sources of noise. To put it simply, your best deals are those properties that are neglected and need a little TLC but are in a

90 Views, 0 Comments
Read Full Post

  •          The Puget Sound housing market has shifted down several levels
  •          Not all homes are selling within the first week on market
  •          Multiple offers will not be as commonplace as they’ve been in the last two years
  •          The latest MLS report showed a mix of positive and negative numbers.
  •          New listings (11,681) surpassed the number of pending sales
  •          This is evidence that interest rates are having a cooling effect.

 

KIRKLAND, Washington (May 5, 2022) –Rising interest rates and inflation, coupled with slight improvement in inventory, may bring some normalcy to Western Washington’s frenzied housing market suggest some brokers with Northwest Multiple Listing Service.

“The Puget Sound housing

204 Views, 0 Comments
Read Full Post