When should I buy a home?
- The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
- Freddie Mac predicts interest rates to rise to 4.4% by next year.
- CoreLogic predicts home prices to appreciate by 5.0% over the next 12 months.
- If you are ready and willing to buy your dream home, talk to a real estate broker and find out if you are able to!
First Posted in keepingcurrentmatters.com.
A commercial deal in Seattle to remember…
Our broker Cassy Wu was recently involved in a $25 million deal in Seattle. She represented the buyer to purchase an old building which will turn into a residential high-rise. Cassy was the owner and manager of a large real estate brokerage in Beijing before she came to the U.S. in 1999. Cassy has had her real estate license for only four years, but her hard work and devotion to real estate have made her one of the most successful brokers in Seattle.
We are very proud that Cassy has chosen to work at Windermere Bellevue Commons and get all the support she can get to thrive even more in her business. Our owners and staff are dedicated to make Windermere Bellevue Commons a place where brokers can call home.
Our Mission Statement is “Build Strong, Long-Lasting Business Relationships By Providing Consistent Value and Exceptional Service”.
Posted by: Megan Javidan
Is your home ready for fall?
Fall is an ideal time to tackle maintenance projects both inside and outside. Here are a few ideas to get you started:
Gutters top to bottom
Water in the wrong spots can do a lot of damage. Start by ensuring that gutters and downspouts are doing their job. (Don’t attempt this task yourself if you have a two-story house with a steep roof; hire a professional instead.) If your home is surrounded by deciduous trees you may need to clean out your gutters a few times a year, especially in the fall. Check to make sure your gutters are flush with the roof and attached securely, repairing any areas that sag or where the water collects and overflows. Clean out the gutters and downspouts, checking that outlet strainers are in good shape, and are firmly in place. Finally, check that your downspouts direct water away from your house, not straight along the foundation.
If you haven’t already, you may want to consider installing gutter guards. Gutter guards create a barrier so water can get through to your gutters, but debris cannot, limiting gutter buildup (and the time you spend cleaning out your gutters). There are DIY installation kits available or you can always hire a professional to install a gutter guard system.
If you have a sump pump under your house, now is a good time to test it. Run a hose to be sure draining water travels directly to the pump (dig small trenches if needed), and that the pump removes the water efficiently and expels it well away from the foundation. For more information about how sump pumps work go to howstuffworks.com.
Check for leaks
The best opportunity to catch leaks is the first heavy rain after a long dry spell, when roofing materials are contracted. Check the underside of the roof, looking for moisture on joints or insulation. Mark any spots that you find and then hire a roofing specialist to repair these leaks. What you don’t want to do is wait for leaks to show up on your ceiling. By then, insulation and sheet rock have been damaged and you could have a mold problem too.
Don’t forget the basement. Check your foundation for cracks, erosion, plants growing inside, broken windows, and gaps in window and door weathering. Make sure to properly seal any leaks while the weather is nice. This will ensure materials dry properly.
Rodents are determined and opportunistic, and they can do tremendous amounts of property damage (and endanger your family’s health). As temperatures cool, take measures to prevent roof rats and other critters from moving in. Branches that touch your house and overhang your roof are convenient on-ramps for invaders, so trip back branches so they’re at least four feet from the house. If you do hear scuttling overhead or discover rodent droppings in your attic, crawl space or basement, take immediate action. The website http://www.thisoldhouse.com has several helpful articles on the topic.
Maintain your heating and cooling systems
Preventative maintenance is especially crucial for your home’s heating and air-conditioning systems. Fall is a smart time to have your systems checked and tuned up if necessary. Don’t wait for extreme temperatures to arrive, when service companies are slammed with emergency calls. Between tune-ups, keeps your system performing optimally by cleaning and/or replacing air filters as needed.
If you have a wood-burning fireplace, a professional inspection and cleaning will help prevent potentially lethal chimney fires and carbon monoxide poisoning. Even if you don’t use your fireplace often, always keep a supply of dry firewood or sawdust-composite logs so you have a backup heat source in an emergency.
Insulate & seal
Insulating your home is a cost-efficient investment, whether you’re trying to keep the interior warm in the winter or cool in the summer. Aside from more major improvements like energy-efficient windows and insulation, there are some quick fixes that do-it-yourselfers can tackle. If an exterior door doesn’t have a snug seal when closed, replace the weather stripping; self-adhesive foam stripping is much simpler to install than traditional vinyl stripping. If there is a gap under the door (which can happen over time as a house settles), you may need to realign the door and replace the vinyl door bottom and/or door sweep. Air also sneaks inside through electrical outlets and light switches on exterior walls. Dye-cut foam outlet seals placed behind the wall plates are a quick and inexpensive solution.
First Posted in Windermere Bolg.
What’s Happening in the Market
Eastside (based on Residential Homes):
The Real Estate market in August 2017 showed signs of slowing down, but it was interesting to see as home inventory fell, homes under $1.5M on the eastside were still selling at a fast pace while the upper end Buyers were being much pickier.
Another interesting thing to note was that Sale fails were continuing to drop which is a credit to more qualified Buyers and tighter contracts that are required when competing in a multiple offer situations. It also was because of the pre-inspections being done before writing offers instead of requiring Buyers to find deficiencies and then renegotiate the terms of the contract.
What’s Happening in the Market
Eastside (based on Residential Homes):
- Market times fall (Down 12-13% Year over year)
- Demand is still at a somewhat frenzied pace.
The summer swoon may be upon us as June numbers show that listings outpaced the pending’s for the first time in quite a while, but don’t count on it lasting long. The predictors don’t favor this trend as home prices are still on the rise to the tune of 16% Year over Year and homes that are turn key are generating a great deal of excitement/ Multiple offers. It has also become crystal clear over the last 12 Months that overpricing a home in this market is the kiss of death for a Seller getting the most for their home & the best qualified Buyers. It is clear that offer prices and terms are solely being made by Buyers based on the Days on Market and the interest that others have in the property.
Yappy Hour with Drawings in Support of Seattle Humane
Wine, snacks, drawings and much more! Your furry friends are invited too! There’s not a better way to spend a Thursday afternoon than joining us for our Yappy Hour. We gather to support Seattle Humane – a great organization which cares about animals regardless of age, ability, circumstance or geography.
Enter to Win a Weekend Trip to Leavenworth!
You’ll have the opportunity to reserve your spot on Seattle Human’s Walk of Fame by purchasing a brick or paver with your personalized message! And if you reserve your spot, you have a chance to win a weekend trip to beautiful Leavenworth! Don’t miss this opportunity.
The Boys & Girls Clubs of Bellevue is a GREAT Resource for Your Clients!
The Boys & Girls Clubs of Bellevue is committed to providing high quality programs for youth ages 2 – 18 at 12 sites located throughout Bellevue. This fall we’ll also have a new Club at Jing Mei Elementary.
The Club staff will be on hand to share information about their programs, locations and answer questions.
Mark your calendars for Monday! Great informational Real Estate Open House happening on Monday at the Main Club! Tell your friends.
Monday, June 19th
3pm – 4:30pm
Main Clubhouse 209 100th Avenue NE, Bellevue
For more information contact Michèle Heffron 425.777.9122 or email@example.com
Windermere Community Service Day – June 9th, 2017
This year Windermere Community Service Day is on June 9th, 2017. On this day, our brokers and staff at Bellevue Commons will be doing a variety of projects at Little Bit Therapeutic Riding Center; we’ve been volunteering at this great organization for the past 17 years.
Last year we painted the caretaker’s home (the whole house!), took care of rain garden maintenance, weed whacked, and washed windows. The brokers also washed the horses’ paddock fencing and arena fencing.
Little Bit Therapeutic Riding Center improves the bodies, minds, and spirits of children and adults with disabilities through equine-assisted therapies and activities, and to be an inspiration and educational resource to the therapeutic riding profession, both regionally and nationally.