In the final installment of cost vs. value segment we'll be looking at two replacement projects that most owners of 20+ year old homes will be looking at. Here are the latest numbers for the Seattle area. Window Replacement Project Description: Replace 10 existing 3-by-5-foot double-hung windows with insulated vinyl replacement windows. Wrap existing exterior trim as required to match. Do...
Information for Buyers
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you...
Thinking of adding on to your abode? In this week’s cost vs. value segment we'll be looking at three popular additions that can make your home much more enjoyable! Here are the latest numbers for the Seattle area. Family Room Addition Project Description: In a style appropriate to the existing house, add a 16-by-25-foot room on a crawl space foundation with vinyl siding and...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would...
Thinking of remodeling your home? In this week’s cost vs. value segment we'll be looking at the bathroom. This is another area that has a dramatic impact on a home’s desirability and salability! Here are the latest numbers for the Seattle area Bathroom Addition Project Description: Add a full 6-by-8-foot bath over a crawl space with poured concrete walls. Include cultured-marble...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would...
Thinking of remodeling your home? In this week’s cost vs. value segment we'll be looking at the kitchen. Remodeling the kitchen can be one of the most dramatic changes made to enhance a home’s value and general appeal. After all, isn't that where most good parties are! Here are the latest numbers for the Seattle area. Minor Kitchen Remodel Project Description: In a functional but...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others! If you would like to...
1. Research before you look. Decide what features you most want to have in a home, what neighborhoods you prefer, and how much you’d be willing to spend each month for housing. 2. Be realistic. It’s OK to be picky, but don’t be unrealistic with your expectations. There’s no such thing as a perfect home. Use your list of priorities as a guide to evaluate each property.3. Get your finances in...
Forbes names Seattle as the market most likely to rebound. Here is the article: Real Estate Markets Most Likely To ReboundDorothy Pomerantz 10.29.08, 4:00 PM ET If you're a homeowner seeing property values plummet, look to the commercial real estate market for solace. It might tell you which areas will recover fastest--and which will likely remain weak. The Urban Land Institute recently asked 700 real...
Are you thinking of buying your first home or moving up in the near future? If so, now is the time to get your finances in order. Here are some tip to help: 1. Develop a household budget. Instead of creating a budget of what you’d like to spend, use receipts to create a budget that reflects your actual spending habits over the last several months. This approach will factor in unexpected expenses, such as...
Existing-home sales increased last month as buyers responded to improved housing affordability conditions, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 5.5 percent to a seasonally adjusted annual rate of 5.18 million units in September from a level of 4.91 million in August. Home sales are 1.4 percent...
These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move. 1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of...
Here is a quick look at the average price per square foot of homes and condos in Sammamish for the last two years. The chart starts off at $266.33 per square foot in October 2006, then peaks at $280.72 per square foot in April 2007. As of September 2008 the price is $250.54 per square foot. If you would like to more about home price trends in a particular area, feel free to...
Here is a quick look at the average price per square foot of homes and condos in Bothell for the last two years. The chart starts off at $211.20 per square foot in October 2006, then peaks at $219.76 per square foot in June 2007. As of September 2008 the price is $189.45 per square foot. If you would like to more about home price trends in a particular area, feel free to contact...
Here is a quick look at the average price per square foot of homes and condos in Bellevue for the last two years. The chart starts off at $315.06 per square foot in October 2006, then peaks at $361.78 per square foot in July 2007. As of September 2008 the price is $300.11 per square foot. If you would like to more about home price trends in a particular area, feel free...
Here is a quick look at the average price per square foot of homes and condos in Kirkland for the last two years. The chart starts off at $305.61 per square foot in October 2006, then peaks at $350.38 per square foot in the May 2007. As of September 2008 the price is $294.65 per square foot. If you would like to more about home price trends in a...
Here is a quick look at the average price per square foot of homes and condos in Woodinville for the last two years. The chart starts off at $249.26 per square foot in October 2006. While prices do appear to be trending down... strong sales in September 2008 brought the price is $258.49 per square foot! If you would like to more about home price trends in a particular...
Here is a quick look at the average price per square foot of homes and condos in Seattle for the last two years. The chart starts off at $285.94 per square foot in October 2006, then peaks at $319.32 per square foot in August 2007. As of September 2008 the price is $279.72 per square foot. If you would like to more about home price trends in a particular area, feel free to...
Here is a quick look at the average price per square foot of homes and condos in Redmond for the last two years. The chart starts off at $247.85 per square foot in October 2006, then peaks at $287.16 per square foot in the summer of 2007. As of September 2008 the price is $247.26 per square foot. If you would like to more about home price trends in a particular area, feel free to...
News from NW Multiple Listing Service FOR IMMEDIATE RELEASE: October 6, 2008 Pending Sales Up 4.1 Percent From Year Ago, Total Inventory Unchanged KIRKLAND, Wash. (Oct. 6, 2008) – Home sales around Western Washington during September rose 4.1 percent from a year ago, reversing a 19-month pattern of declines. Members of Northwest Multiple Listing Service reported 5,982 pending sales (offers made and...
This is a complicated question. To discover the answer, we must know the forces that control our market. Real estate is a supply vs. demand business and is heavily related to the rate of absorption of the inventory. Absorption Rates If we have low inventory and high demand the absorption rate is high and we have a seller’s market. Conversely, if we have high inventory and low demand the absorption...
Buy Used: Whether you’ve just moved to a new home or are looking to redecorate, consider a service like craigslist or FreeSharing to track down furniture, appliances, and other items, rather than buying them new. Check out garage sales and thrift stores for clothing and other everyday items. Use your creativity in gift giving (http://www.newdream.org/holiday/giftideastaff.php), including making...
H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following provisions: GSE Reform – including a strong independent regulator, and permanent conforming loan limits up to the greater of...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
My usual statistics are unavailable this week, so we are going to look at something different. As in the past... I will use the great information from Trendgraphix. We are going to chart the Seattle Metro Residential market since February 2007. Here is the trend for homes over the last year. This first chart shows how the inventory has climbed steadily since last year and sales have...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week's update is coming to you on Tuesday, due to the Memorial Day holiday. I was busy playing with my kids! :-) This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller! When looking at these...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Seattle Area over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than...
Eastside & Seattle Market Absorption RatesBy: Tony MeierEastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Seattle Area over the last 7 weeks. It appears that Seattle is back on the mend with many of the numbers returning to a balanced market. In fact, some areas and price ranges are clearly favoring the seller! When looking at these numbers,...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Condo market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
Eastside & Seattle Market Absorption Rates By: Tony Meier Eastside & Seattle Realtor This week we will be looking at the Residential market absorption rates for the Eastside over the last 7 weeks. When looking at these numbers, keep in this in mind: 1. These are an average of the all price ranges in the area. Some price ranges are definitely moving faster than others!...
When you purchase a home, the title company will send you a copy of the title report before closing. The review of this document and all attachments should be a contingency in your contract. Here are some tips on what to look for: Premium / Coverage - Are the Sales price and Loan amounts accurate? Proposed Insured(s) - Is buyer’s name spelled exactly as appears on the...
Replace the flooring. Install laminate floor over old linoleum, vinyl or chipped tile. It costs just $1 to $5 a square foot and looks like wood, stone or tile.Replace the lighting. A new ceiling fixture costs less than $100 and will brighten up the place. Adding some under-the-cabinet lights will illuminate work surfaces.Give the cabinets a new life. A coat of paint and new knobs is the cheapest way to go....