Tag Archives: buyers

Broadview Contemporary Home

We’re seeing a lot of new homes on the market this fall, including this Broadview home that I just brought on the market.

Broadview is in the northwest corner of Seattle, bordering the city of Shoreline. It covers a large area, from approximately 105th/Holman road to 145th, and from the Puget Sound to Greenwood Ave. The neighborhood is primarily residential, with some retail and restaurants along Greenwood Ave. While it is in the city, when you’re off the main streets, it feels like you’re in the suburbs. Broadview offers excellent bus service to downtown Seattle and has many community amenities including:

  • Broadview-Thompson K-8
  • Seattle Public Library
  • Bus route 28
  • Carkeek Park
  • Dunn Gardens
  • Easy access to the Shoreline Farmers Market
  • Shoreline Community College
  • Northacres Off-Leash Dog Park
  • Shoreview Off-Leash Dog Park

This wonderful, light-filled, spacious contemporary home offers you beautiful views of the Sound and Mountains from the dining and living rooms. There are three bedrooms upstairs. The basement has been converted in 2019 to a MIL space with kitchenette – here’s your opportunity for rental income. Or use the basement space for your media/rec room/person-cave. Master bath renovated in 2019. Metal roof with a lifetime warranty. New gas water heater. Fully fenced backyard. Bonus – there’s air conditioning! Listed for $900,000, it has 4 bedrooms, 2.5 bathrooms, a 2 car garage, and is 2,370 square feet.

Lots of open houses this weekend so that you can check the home:

Friday, October 11: 5:00-7:00pm

Saturday, October 12: 1:00-4:00pm

Sunday, October 13: 1:00-4:00pm

Feel free to contact me at 206-790-0081 or Jamie@JamieFlaxman.com with any questions or for a private showing.

Download a flyer.

Home Buying Myths

Buying a home can seem like a huge undertaking. You don’t need to be a first time home buyer to find the process overwhelming. There is so much information available, how can you tell what’s true and what’s a myth? Understanding the difference can help you make the best decision for you and your family goals.

Top Home Buying Myths – And the Truth

  • The First Step is finding the Right House – Before you head out shopping, speak with a lender to understand your financial options and how much house you can afford.
  • You Can’t Buy a Home Without Perfect Credit – The truth is there are many loans available which still offer good interest rates for those without that perfect score.
  • You Need 20% Down Payment – There are several loan programs out there that allow only 1-3% down. In addition, there are down payment assistance programs available.
  • You Don’t Need an Agent – An agent not only knows the market and can help you with value, but also customary charges, negotiations, and solutions to common hiccups.
  • Schools Don’t Matter if you don’t have Kids – The neighborhood is always important to home values, regardless of whether you yourself have children.
  • New Homes Don’t Need a Home Inspection – Every home should have a home inspection by a licensed inspector to check for existing or potential problems.

Buying a home is one of the most important financial decisions you’re likely to make in your lifetime. Take the time you need to understand the process and learn from the professionals; don’t assume that everything you read is true.

Please give me a call at 206-790-0081 or email Jamie@JamieFlaxman.com if you like more information on buying a home.

Adorable Home in Edmonds

A couple weeks ago I wrote about Edmonds, sharing what a lovely community this is. And now I present to you my latest listing, a charming bungalow just blocks to downtown Edmonds.

Built in 1953, this 1,660 square foot home offers 2 bedrooms and 1 full bathroom, plus a bonus space downstairs that could be a home office, rec room, media room, or potentially another bedroom.

Entering through the covered front porch, you’ll find a bright and light-filled home with views of the Sound and mountains and fabulous sunsets. The seller has made many updates, including new electrical, a remodeled full bathroom with custom tile work, and school house lighting. There’s also an oversized one-car attached garage.

This location provides easy access to all that Edmonds offers, including:

  • Delicious dining at restaurants such as Salt and Iron, Las Brisas, Anthony’s, and Top Pot Doughnuts
  • Shopping at PCC, QFC, and many local small businesses
  • Near the Kingston ferry, Sounder train, and bus route 116
  • Summer Farmer’s Market
  • Community organizations such as Edmonds Library, Boys & Girls Club, and Frances Anderson Center
  • Yost Park and the summer outdoor pool
Watch the video!

I hope that you will stop by one of our upcoming open houses or please contact me for a private showing, 206-790-0081 or Jamie@JamieFlaxman.com.

Wednesday, September 25: 11:30-1:30

Friday, September 25: 5:00-7:30

Saturday, September 26: 1:00-4:00

Sunday, September 27: 11:00-2:00

Appraisals Explained

Appraisals are one of the most confusing aspects of buying or selling real estate. When a buyer and seller agree on a sales price, it can be frustrating to hear that the appraisal came in with a value too low. It’s not enough for the buyer and seller to agree to the price, the appraisal is the lender’s way to ensure they are not loaning money over the actual market value of the property.

The appraised value is reached by a licensed professional who looks at the real estate market in which the target property is located. They start with the target property and then look for recent sales in the area of comparable properties. These comparable properties will be located within a short distance of the target home. They should also be of comparable size and often fall within the same housing development.

Once these homes are identified, the appraiser will adjust for the specific differences. For instance, does the target home have an upgraded kitchen or swimming pool? They add or subtract value based on such things as location, view, lot size, upgrades, additions, condition, and many other factors. They can then arrive at a valuation for the target home.

Once the appraisal has been completed, the lender is notified of the value. At this point, the loan amount is either confirmed or declined. If the appraisal comes in too low, the buyer and seller can choose to make up the difference in the sales price, lower the sales price, or cancel the transaction.

An experienced real estate broker will help you manage the appraisal process. By learning about recent sales in your area ahead of time, you can price your home appropriately up front; then the appraisal should come back as expected.

Seattle Q2 Market Update

Several things stand out when looking at market statistics for the 2nd quarter of 2019.

  • There are a lot more condos and single family homes for sale.
  • For both condos and single family homes, prices are still down from the peak of 2018.
  • Days on Market is down for condos and relatively stable for single family homes.

It is important to note that we hit the peak of the market in May/June 2018. We have had a market adjustment since then, primarily driven by increased inventory. However, for single family homes, we have around 2 months of inventory, meaning we are still in a market that favors the seller.

This increased inventory is great news for buyers who have more choice in finding a home. We have seen some return to multiple offers but not at the pace we saw over the past few years.

With condos, in June we had just over 3 months inventory. The condo market is being driven by more condo projects under construction and being announced, meaning that the inventory level for condos should continue to rise. The increase in the number of available condos is great for buyers and home affordability—condos usually allow for buyers to get into the market at a lower price than for single family homes. In fact, my first purchase of a residential property to live in was a condo as that was what I could afford back in 1995.

The best news for both buyers and sellers is that we’re at a 12 month low for interest rates which are under 4%.

For more information on buying or selling, please reach out to me at Jamie@JamieFlaxman.com or (206) 790-0081.

The First Thing You Should Do When You Buy a New Home

You’ve signed the closing documents and taken possession of your new home. Your real estate broker hands you the keys and you’re excited to move on in. But there’s one thing you should do as soon as you get those keys, and it’s not moving in. 

The first thing you should do is have the locks rekeyed!

You don’t know who still has keys to the property. The seller might have extras, the neighbor might have had a key for an emergency. Former roommates or adult children who have moved away may still have keys too. Contractors may have had access to a key as well. There have been countless people through the house while it was on the market, and while unlikely, a key could have been misplaced, stolen, or copied.

Rekeying is inexpensive and the best thing you can do to protect your investment, your personal property, and yourself. Even if you purchase a condo, you should have the front door rekeyed. With condos, you might have to have permission of the Homeowners Association and they may have a vendor they want you to use.

In rekeying, a locksmith comes to your home and changes out the barrels in your locks. They work onsite and will make as many new keys as you like. I have found that in the Seattle area, rekeying typically costs $100-$150 and includes 4-6 locks and includes a couple of keys.

Be careful and take this simple step to protect your home and yourself. For more information, contact me at 206-790-0081 or email Jamie@JamieFlaxman.com.

Things Out of Your Control When Selling

Do you feel like things are out of control? If you’ve listed your home for sale, every day might feel this way. But that’s not what we’re talking about here. The truth is there really are things sellers can’t control. But don’t worry; even though you can’t control everything, there are ways to deal with these unknowns.

Buyers – Oh if only we could control buyers. They show up at odd times, they write crazy offers, they make odd repair requests and they can be difficult. One time a deal fell through because a Feng Shui Master didn’t like the color of the kitchen.

The Market – Market forces determine so many things; interest rates and sales prices. While you can’t change these forces, you can get all the information you can so you’re prepared for how this affects the sale.

Inspectors – You’ve loved and cared for your home, but even so there could be hidden issues that only a comprehensive, professional home inspection can uncover. One way to avoid unpleasant surprises is to put a listing home warranty in place to cover unexpected repairs. Another way is to your own inspection before listing your home.

Appraisers – Appraisers are just people. On occasion they make mistakes in value. Your lender and broker will help you navigate an unfavorable appraisal. There are ways to combat a poor appraisal.

Selling your home can bring unexpected issues. If you’ve done your due diligence and hired a good broker, you’ll be able to handle the unexpected issues which are out of your control. For more information, give me a call at 206-790-0081 or email Jamie@JamieFlaxman.com.

5 Reasons to Get Pre-Approved

Mortgage rates have recently been at a 12-month low. Depending on your credit and financial situation, you might currently be able to get a mortgage at around 4%. Here are some reasons why it’s critical you get pre-approved for your mortgage. I have a list of wonderful mortgage lenders, please drop me an email and I’ll be happy to forward to you.

It’s a Great Time for Buyers

If you’re considering whether it’s the right time to buy a property, the answer is definitely yes! There is a lot of inventory on the market right now, so that means that there is less competition among buyers. And interest rates have dropped substantially and are the lowest they’ve been in around a year, meaning your money will go further.

Whether it’s a condo, townhome, or house you’re considering, let’s talk about your buying needs. You can reach me at (206) 790-0081 or Jamie@JamieFlaxman.com.

The Internet Can’t Replace Your Agent

We live in the information age; the Internet offers advice on every topic and real estate is no exception. With more and more home buyers starting their home search online, they are bombarded with advice and information – it can be easy to think that you can learn everything you need to know just by reading articles online.

The truth is your real estate agent does much more than answer your questions and open doors with a special key. A professional real estate agent will be there every step of the way. They have the experience necessary to navigate the complicated home buying process and solve common hiccups that present themselves in every real estate transactions.

Your real estate agent is a local professional. They will start by presenting themselves to the other agent as someone who will work with them to see the transaction through to a successful conclusion. They have a network of professionals who will work as a team to help you through the process. These include such professionals as: lenders, title reps, escrow officers, transaction coordinators, home inspectors, contractors, and handymen, among others.

Most importantly, your agent is your ally in the home buying process. They negotiate on your behalf – armed with experience and understanding of customary charges, costs, and terms. They will ensure that the price you pay for the home is fair for the condition and neighborhood. They will negotiate repairs, if needed and make sure you are protected with the proper contingencies.

The Internet offers lots of great information, but the most important step you can take when buying a new home is hiring a local professional real estate agent. Their knowledge and expertise can’t be found by reading an article or two online.

Contact me at Jamie@JamieFlaxman.com or 206-790-0081 to discuss how I can help you with the real estate transactions.