Category Archives: sellers

As Summer Winds Down

Summer doesn’t end until September 21st, but for many, summer ends with Labor Day (this year September 4th). With kids heading back to school and summer vacations over, the real estate market usually sees an uptick in September. More listings come on the market so it’s a great month to buy a home. And if you’re on the edge about selling, we should get your home on the market soon before the market slows down for winter.

To talk about your real estate needs, give me a call/text at (206) 790-0081 or an email to Jamie@JamieFlaxman.com.

What’s Going On With the Market

I was in Iceland for 2 weeks and while I was gone, a slight shift occurred in the market. Inventory increased – in the city of Seattle the number of new listings of single family homes in May increased nearly 30% over April 2017 and nearly 6% over May 2016. This is great news for buyers who have become very frustrated with the lack of available homes for purchase.

Sellers, it’s not time to worry. There’s still a significant shortage of inventory compared to the demand.

Please let me know if there’s anything I can do to help with your real estate needs.

Thinking of Selling?

Reposting as this class is this week, there are spaces still available.

Please join me for this informative and interactive class on March 29th. Come learn valuable insights about the current home selling market and how to prepare your home to sell.

Wednesday, March 29th, 6:30-8:30pm at the  Phinney Neighborhood Association, 6532 Phinney Ave N, Seattle

Topics include:

  • understanding today’s market
  • key steps for preparing your home for market and how to receive top dollar
  • options for buying a new home while selling your current one
  • why it might be in your best interest to sell sooner rather than later
  • tips on downsizing and decluttering.

Reserve your spot by calling 206-783-2244 or www.phinneycenter.org/classes.

Contact Jamie with any questions at 206-790-0081 or Jamie@JamieFlaxman.com.

Light Filled Phinney Ridge Craftsman

Do you want to live on Phinney Ridge or west Green Lake? If you answer yes, this home is for you.Phinney Craftsman

I have just listed this beautiful light filled craftsman at 532 N 67th St. Location is key here with only one block to the Phinney Neighborhood Association and the restaurants and shops on Greenwood Ave. Or go two blocks in the other direction and you’re at Green Lake. Access to Metro routes 5 and E are close by.

The home offers 3 bedrooms, 2 of them on the upper floor with views of Green Lake and the Cascades. Each of these bedrooms has its own bathroom and large closet. The third bedroom is on the main floor along with another full bathroom. The main floor also includes living/dining room, kitchen, and family room, which opens to a wood deck for outdoor dining.

Both the front and back yards are beautifully landscaped and the back is fully fenced for your 4-legged friends. Top this off with a detached 2-car garage and everything you need is covered.

Explore the home via video tour.

Stop by one of the open houses to check it out or contact me for a private showing. With our current low inventory, this home is sure to go fast.

  • Friday, June 3rd – 4:00-7:00p
  • Saturday, June 4th – 1:00-4:00p
  • Sunday, June 5th – 1:00-4:00p
  • Wednesday, June 8th – Noon-2:00p

Home Features:

  • Built in 1923
  • 3 bedrooms
  • 2.75 bathrooms
  • 2,570 sq. ft
  • 4,960 sq. ft. lot
  • 2 car garage
  • Gas furnace for main and lower levels
  • Ductless heat pump with air conditioning for second floor bedrooms
  • Partially finished basement with bonus room
  • Earthquake retrofitted in 2001
  • Views of Green Lake and the Cascades

Download the 532 N 67th St. home flyer

Downsizing Doesn’t Have to Be Daunting!

bookshelf-413705_1920Thinking of moving to a smaller space or even a tiny home? While it is true that by liberating ourselves of extra space can open the door to lower costs (mortgage, utilities, property taxes, and repairs), for many the thought of having to downsize their belongings in order to fit in more closed-quarters is prohibitive. If you have been thinking about downsizing, here are some ways you can get the ball rolling without it seeming overwhelming:

  • Lifestyle Analysis – First review how your life is going to change after you downsize. If you are retiring, there may be many work-related items that no longer need to clutter your closet! Suits, jackets, shoes, purses, etc., that served you in a professional capacity may be the first to go into the donate and sell If you are moving to a warmer climate, perhaps you should rethink your winter wardrobe. Moving to a condo and don’t plan on utilizing your green thumb? Consider your garden and lawn tools and supplies. Entire categories of things can be the first to go.
  • Space Analysis – Think about the space and functionality of the rooms you are moving to. If you don’t have a guestroom at your new place, then perhaps you don’t shouldn’t bring that entire room of items. If you are downsizing your kitchen to half of what you have now, then half of what you currently have will need to find another home. Think about your largest furniture pieces as well. Do you have room for a pool table? Also consider scale of furniture – sectionals and large dining room tables may be just too large proportionally for the rooms you will have.
  • Functionality Analysis – How many pans do you really cook with on a regular basis? How many mixing bowls do you really need at once? How many pairs of socks? So often we keep something around because we perceive that we need it, but you likely only use a few items in your home on a regular basis. When was the last time you made pasta from scratch or used all your towels? Downsizing means choosing, so choose wisely!
  • Memorabilia Analysis – This is a tough one because it means choosing among things that are cherished. Yearbooks, photos, letters, keepsakes, children’s artwork, etc., all fall into this category. As we get older, this problem becomes more pronounced as we inherit and become stewards of other people’s items. One idea is to digitize items – as files on a computer you still have the items but they take up less physical space. This category of items is just too painful for some people to have to go through and make choices for fear of making a mistake. If this sounds like you, then perhaps your best bet is to get a storage unit and put those items in there. I do recommend that you let someone else know about the unit in the event something happens to you so that these items stay in the family.

Are you overwhelmed by the thought of downsizing? Let’s talk! I would be happy to help get the ball rolling and I also have professional organizers I can call upon to help. (206) 790-0081 or email: Jamie@JamieFlaxman.com.

Seattle Homeowners Aren’t Selling, But Here’s Why You Should

Did you miss me? After a brief hiatus from blog writing, I’m back with the goal of posting to this blog at least twice a month.

home-for-saleI can’t think of a more timely topic to cover today than our current low inventory. As you may know, Seattle (and the whole of King County) has one of the hottest real estate markets in the country. It’s all about supply and demand: inventory of homes and condos is at record-low levels, yet thousands are moving to Seattle every month, amplifying the demand for real estate.

Many homeowners are holding on to their real estate even though they’d actually prefer to sell. There are three reasons for this:

1) Homeowners hope prices will continue to rise.

2) Homeowners fear they won’t be able to find another place to live.

3) Homeowners do not realize how much equity they have in their homes.

The reality is, we have seen double-digit appreciation for many years, and almost all homeowners who bought prior to 2011 have positive equity in their real estate. While I am generally optimistic about the market for 2016, I do expect we will see a slowdown in appreciation this year. With the upcoming presidential election and increasing interest rates, this year could be a challenge.

The big takeaway: If you’re considering selling your home, the time to do so is NOW!

If you find yourself experiencing holding on to your real estate for any of the three reasons listed above, I can provide you with a complimentary market analysis of the value of your home, and I can also advise you on strategies for finding housing—either for purchase or rent—for when you do decide to sell your home. There is no crystal ball to tell us what will happen in the real estate market in the next 6–12 months, so why take the risk that prices won’t level out or decrease? With King County’s current limited inventory, you could go for the sure sale today.

I will be teaching a how-to class on March 1 about selling your home in the current market. (Download a flyer about the class.) If you are interested in selling in the next few years, this class is for you. Not interested in selling, but have friends and family who might be? Please share the flyer with them.

I want to help you make a sale now while the market is hot. Call or text me at 206-790-0081, or email me at Jamie@JamieFlaxman.com, with questions or to discuss your needs further.

Market Update

Last month I reported that we expected to see the market slow down in October, both because of new mortgage rules and seasonal adjustments. Well guess what, we were WRONG!

Newly released Northwest Multiple Listing Service figures for October show pending sales are up 7.8 percent from a year ago. Nearly half the counties in its service area reported double-digit gains in the number of mutually accepted offers. For the four-county Puget Sound region encompassing King, Kitsap, Pierce and Snohomish counties, Northwest MLS members tallied 6,977 pending sales, the highest October volume in a decade. Closed sales rose 7 percent from a year ago, increasing from 7,257 to 7,769. Broker Mike Gain agreed. “If we just had more homes to sell the number of closed units would have increased even more during October,” he stated. “Selling more homes at a faster rate than we are replenishing supply shows just how good the local real estate market really is,” remarked Gain, CEO and president of Berkshire Hathaway HomeServices Northwest Real Estate.

Low inventory continues to drive the market, leading to multiple offers and higher prices. It is definitely still a sellers’ market although patient buyers are ultimately successful in purchasing homes.

Here’s the number of active and closed listings for single family homes in the city of Seattle:

Median sales price for single family homes in Seattle has remained steady this fall.

Contact me with any questions or for further information.

It’s Fall in the Northwest

greenlake fall photo - stock photoIt’s fall in the northwest – rain, leaves on the ground, pumpkins creatively carved in front of houses – and a quieter time of year in the real estate market. November through February typically see the smallest number of home sales, but let me share with you why I think this is a great time of year to both buy and sell a home.

Great Reasons to Buy Now

  1. If you close on your transaction before the end of the year, you may benefit from on your 2015 taxes as you’ll be able to deduct any mortgage interest paid as well as any points paid and property taxes.
  2. Fall/winter offers you an opportunity rarely seen in summer – the opportunity to see if there are any water intrusion problems with a house. With frequent and sometimes powerful storms, if there are any water intrusion problems, they’ll be more likely to show up on a home inspection or to the naked eye.
  3. Think about it, celebrating Hanukkah, Christmas, Kwanzaa, and/or ringing in 2016 in your own place.
  4. Interest rates are still incredibly low, below 4%, and no one at this point can predict when that will change. Lock in your record low rate right now.

Great Reasons to Sell Nowsold-606688 stock

 

  1. Inventory is at it’s lowest this time of year. With less inventory, there’s less competition yet you are more likely to obtain a higher price for your home. And there’s research to back this up.
  2. Serious buyers are out there shopping. Many buyers frustrated by the multiple offer market come back during winter when there’s less competition.
  3. With interest rates at record lows, buyer affordability is higher. Sell your home while rates are down and buyers may be able to pay more.
  4. Get a fresh start to the new year. A new living situation may be just the way to start the new year.

For more information or to discuss your real estate needs, contact me at (206) 790-0081 or Jamie@JamieFlaxman.com.

Dispelling Home Selling Myths

There are many myths around what a homeowner actually needs to do to get a home sold. Although pricing it right is one of the most important things you can do, making sure your home shows its best at all times is also key. These are some of the most prevalent home showing myths to avoid:

I don’t need to put away personal items. Potential buyers will be able to see beyond my family’s treasures. Actually, seeing a space so personalized may keep a buyer from being able to envision themselves in a space. Items such as family photos, trinkets, trophies, school schedules, and kids’ drawings can paint a great picture of who you are as a family, but may make it more difficult for a buyer to see beyond these items and think about how their family may live in your home.

I don’t need to deal with deferred maintenance. When the buyers have an inspection, I will get a list of things they want to fix. Deferred maintenance can scare away many a buyer. When a potential buyer spots missing shingles, missing baseboards, overgrown shrubs, and caulked lines that are stained or missing, they may wonder what other issues may be overlooked behind the walls. You want a buyer thinking “fantastic” when they look at your home – not “fixer.”

Curb appeal doesn’t matter much. Buyers will see photos of the inside of my home online and will want to take a look. It is true that with 92% of buyers searching for homes online they are more likely to encounter photography of your home online before ever setting foot in the door. However, buyers are also likely to drive by your home and take stock before going in. Therefore, making sure the landscaping is up to par and your home is inviting is critical to ensure a lasting positive impact. Readers do judge a book by its cover and buyers will judge your home by its first impression.

Potential buyers need to know how to live in my home. Keeping it clean each day isn’t critical. Although it can be tiring to keep your home clean all the time during the time it is listed, keeping it clean every day is important. No one wants to tour a home with dirty dishes in the sink, toys littering the floor, or pet fur drifting from room to room. Again, if buyers perceive that the sellers aren’t neat or pay attention to details, perhaps other maintenance has been ignored.

There really is a science to successfully selling your home. Making it as appealing as possible to the widest range of buyers is key to doing so. When you are ready to make a move, I will be at your side and will guide you through the steps you need to take with your home. If you have questions in the meantime, please contact me at jamie@jamieflaxman.com or give me a call: (206) 790-0081.