March 2020

The Economic Impact of Buying a Home

We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of the players involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local...

The Best Advice Does Not Mean Perfect Advice

The angst caused by the coronavirus has most people on edge regarding both their health and financial situations. It’s at times like these when we want exact information about anything we’re doing – even the correct protocol for grocery shopping. That information brings knowledge, and this gives us a sense of relief and comfort. If you’re thinking about buying or selling a home today, the...

Don’t Let Frightening Headlines Scare You

There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the...

Is Now a Good Time to Refinance My Home?

With interest rates hitting all-time lows over the past few weeks, many homeowners are opting to refinance. To decide if refinancing your home is the best option for you and your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: 1. Lower Your Interest Rate and Payment: This is the most...

Economic Slowdown: What the Experts Are Saying

More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail...

Are We About to See a New Wave of Foreclosures?

With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments.In spite of this, there are actually many reasons we won’t see a surge in the...

Three Reasons Why This Is Not a Housing Crisis

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s...

Sold Above List Price in 3 Days! Incredible 4 Bedroom Home with Elegant Finishes and Fenced Yard on a Quiet Cul-de-sac in The Falls at Snohomish Cascade in Snohomish

Sold for $650,000 Click here for the full details Stunning home on a quiet cul-de-sac in The Falls at Snohomish Cascade Neighborhood of Snohomish. Recently updated with elegant finishes, this flowing floorplan boasts 2,468 s.f. and features 4 bedrooms, 2.5 baths and a bonus room with a 2 car garage on a lush 13,068 s.f. lot. Special features include: Updated kitchen and bathrooms, white millwork and...

NWMLS February 2020 Real Estate Market Report – NWMLS brokers report brisk activity, noting “too early to tell” if coronavirus will soften sales

KIRKLAND, Washington (March 5, 2020) – “We’re entering prime time for the real estate market, and more listings are on the way,” stated industry veteran J. Lennox Scott, as he reviewed the latest statistical report from Northwest Multiple Listing Service. MLS figures for February show year-over-year (YOY) gains in new listings, pending sales, closed sales, and prices.Scott, the chairman and CEO...

Buying a Home: Do You Know the Lingo?

Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear along the way. The best way to ensure your homebuying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction...

Yes, You Can Still Afford a Home

The residential real estate market has come roaring out of the gates in 2020. Compared to this time last year, the number of buyers looking for a home is up 20%, and the number of home sales is up almost 10%. The increase in purchasing activity has caused home price appreciation to begin reaccelerating. Many analysts have boosted their projections for price appreciation this year. Whenever home...

Sold Above list Price in 5 Days! Gorgeous Buchan resale in Sheffield on English Hill in Redmond. 3080sf with 4 bedrooms, 2.25 bath on a shy acre lot.

Sold for $1,148,000 Click here for the full details Captivating Buchan resale in Sheffield on English Hill in Redmond. The gracious 3,080 s.f floorplan features 4 bedrooms, 2.25 baths plus an oversized main floor bonus room on a lush, private 35,225 s.f. lot. The home is ideally located on a quiet street, just a block away from the award winning Sunrise Elementary. Features include: Gourmet kitchen,...

Sold 17% Above List Price with 14 Offers! Fully Remodeled Rambler in the Juanita Area of Kirkland

Sold for $780,500 Click here for the full details. Lovely, updated rambler in the Juanita area of Kirkland. The flowing floorplan boasts 1,510 s.f. and features 3 bedrooms, 1.75 baths on a 7,500 s.f. lot. Updates include: New lifetime warranty roof, luxury vinyl plank flooring, carpet, white millwork, newly remodeled kitchen and bathrooms. Beautiful front yard with luscious plants welcome you to the...

Sold 13% Above List Price with 9 Offers! Elegant, Update 4 bedroom home with full Mother-In-Law Suite on English Hill in Redmond

Sold for $983,900 Click here for Full Details Elegant, remodeled home with complete mother-in-law on the lower level in Sunrise on English Hill. The light filled 2,510 s.f. floorplan features 4 bedrooms, 2.5 baths and a den on a flat 7,418 s.f. lot. Upstairs features a bright, flowing floor plan with rich Bamboo floors. Living room with vaulted ceiling, slider to back deck and gas fireplace with...