Red Day 2017

RED Day

Yesterday was Red Day for Jon Stroud worldwide!

Introduced in 2009, RED Day, which stands for Renew, Energize and Donate, is Keller Williams Realty’s annual day of service. Each year on the second Thursday of May, associates celebrate Mo Anderson’s birthday by spending the day away from their businesses serving worthy organizations and causes in their communities. RED Day is just another example of our commitment to each other and to the cities and towns where we live and work.

This year we put together 300 Mother’s Day goody bags, with a card for their children to write Happy Mother’s Day, for homeless Mothers at Seattle’s YMCA. It was a rewarding experience for all and we are blessed to work at such a giving company as Keller Williams Seattle!!

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Low Listing Inventory Make It A Seller’s Market!

If you are considering selling, now may be the perfect time! Low mortgage rates are bringing out the buyers, and low listing inventory means you can command a much higher price for your home than you may think. We’re happy to give you a free market analysis showing you what your home is worth in this market!

The Seattle Times had a great article this week regarding the low inventory in the Seattle area right now. Please click the link below to read more.

Scant Listings Broil Home Prices

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What If I Wait Until Next Year To Buy A Home?

What If I Wait Until Next Year To Buy A Home? | Simplifying The Market

What If I Wait Until Next Year To Buy A Home?

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 5.5% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year To Buy A Home? | Simplifying The Market

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‘Viadoom’ the sequel, coming Friday to a Seattle street near you

A section of the Alaskan Way Viaduct was demolished in October 2011, causing a nine-day closure that become known as Viadoom. (Ellen M. Banner/The Seattle Times)

In October 2011, as part of the Alaskan Way Viaduct was torn down, commuters endured a nine-day shutdown. It started OK, then got really bad. As another shutdown looms, know this: Seattle has gained about 45,000 people since 2011.

Seattle, this is a drill we’ve been through before.

Starting Friday, the Washington State Department of Transportation (WSDOT)will close the Alaskan Way Viaduct for about two weeks as tunnel-boring machine Bertha chugs along below.

In October 2011, commuters endured a nine-day viaduct closure as the state tore down a section of the aging, earthquake-prone structure.

Machines chisel away at the southern end of the Alaskan Way Viaduct on Oct. 23, 2011. Closure of the elevated roadway brought gridlock to other Seattle routes at times. (John Lok/The Seattle Times)

Traffic remained sluggish throughout the week of Viadoom, and then came to a head on the closure’s sixth day, a Thursday, when slowdowns finally lived up to officials’ fears. Rain on Friday brought traffic to a standstill; the backup on Interstate 5 stretched for 10 miles.

But some of the details from Seattle Times transportation reporter Mike Lindblom in 2011 sound somewhat normal when you fast-forward nearly five years.

“Traffic entering Seattle on I-5 was stop-and-go from Shoreline to downtown, starting as early as 3 p.m. and continuing past 6 p.m.,” Lindblom wrote Oct. 27, 2011.

He added: “Drivers had a hard time leaving South Lake Union in late afternoon, as actual gridlock — cars stuck at intersections blocking the cross-traffic during a green light — spread from Mercer Street to Denny Way.”

A traffic engineer told Lindblom the freeways could not recover after a series of early-afternoon stalls and minor crashes.

Concrete and rebar crash to the ground along the lower level of the Alaskan Way Viaduct on Oct. (Ellen M. Banner/The Seattle Times)

In other words, 2011’s Viadoom sounds like 2016’s nearly-every-day doom, as a growing economy, a construction boom and rising population stress Seattle’s transportation infrastructure.

Since 2011, Seattle has added more than 45,000 people in the city limits alone, the Census Bureau estimates. And the airport saw a record number of travelers last year.

Despite the population increase, it seems no more people will be pushed onto Seattle streets this time than were last time. Traffic on the viaduct has remained at about 90,000 vehicle trips per weekday since 2011.

But those who are displaced from one of the city’s two large north-south thoroughfares will be entering a busier scene. For example, congestion is 19 percent worse from Everett to Olympia than it was before the recession, according to WSDOT.

In 2011, transportation officials added buses on westside routes, created more water-taxi parking, put more traffic police on duty in Sodo, added park-and-ride space in Tukwila, along with a few other changes. They asked people to avoid rush hour, and to walk, bike and take transit instead of using Highway 99. Transportation managers are planning similar measures for Viadoom II.

Last time around, the warnings seemed to have some effect. Analysts estimated driving declined by about 20 percent. One reader sent a raving review to The Seattle Times: “To my Sea-town homies and WSDOT for the way we all handled ‘Viadoom.’ It was the chillest ‘Carmageddon’ ever.”

With luck, we’ll have sunny skies and chill commuters on our packed freeways — and perhaps the California transplants that Seattle natives like to blame for gridlock will feel right at home.

Evan Bush: 206-464-2253 or ebush@seattletimes.com. On Twitter @evanbush

http://www.seattletimes.com/seattle-news/transport…

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Selling Your Home? Make Sure the Price is Right!

Price-It-Right-STM

In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize that telling the homeowner the truth is more important than getting the seller to like them.

There is no “later.”

Sellers sometimes think, “If the home doesn’t sell for this price, I can always lower it later.” However, research proves that homes that experience a listing price reduction sit on the market longer, ultimately selling for less than similar homes.

John Knight, recipient of the University Distinguished Faculty Award from the Eberhardt School of Business at the University of the Pacific, actually did research on the cost (in both time and money) to a seller who priced high at the beginning and then lowered their price. His article, Listing Price, Time on Market and Ultimate Selling Price, published in Real Estate Economics revealed:

“Homes that underwent a price revision sold for less, and the greater the revision, the lower the selling price. Also, the longer the home remains on the market, the lower its ultimate selling price.”

Additionally, the “I’ll lower the price later” approach can paint a negative image in buyers’ minds. Each time a price reduction occurs, buyers can naturally think, “Something must be wrong with that house.” Then when a buyer does make an offer, they low-ball the price because they see the seller as “highly motivated.” Pricing it right from the start eliminates these challenges.

Don’t build “negotiation room” into the price.

Many sellers say that they want to price their home high in order to have “negotiation room.” But, what this actually does is lower the number of potential buyers that see the house. And we know that limiting demand like this will negatively impact the sales price of the house.

Not sure about this? Think of it this way: when a buyer is looking for a home online (as they are doing more and more often), they put in their desired price range. If your seller is looking to sell their house for $400,000, but lists it at $425,000 to build in“negotiation room,” any potential buyers that search in the $350k-$400k range won’t even know your listing is available, let alone come see it!

One great way to see this is with the chart below. The higher you price your home over its market value, the less potential buyers will actually see your home when searching.

Selling Your Home? Make Sure the Price Is Right! | Simplifying The Market

A better strategy would be to price it properly from the beginning and bring in multiple offers. This forces these buyers to compete against each other for the “right” to purchase your house.

Look at it this way: if you only receive one offer, you are set up in an adversarial position against the prospective buyer. If, however, you have multiple offers, you have two or more buyers fighting to please you. Which will result in a better selling situation?

The Price is Right

Great pricing comes down to truly understanding the real estate dynamics in your neighborhood. Let’s get together to discuss what is happening in the housing market and how it applies to your home.

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Just Listed – Beautiful Arbor Heights Rambler with Basement

Beautiful Two Bedroom, 1 Bath Arbor Heights Home. Amenities Include: Glowing Hardwood Floors, Granite Counter Tops, Nice Floor plan. The House Sits on a Peaceful Lot with a Private Backyard with Territorial Views to the East and Beautiful Flowering Shrubs & Plants. Plenty of Storage Space in the Basement and a Carport with Plenty of Place for a Workshop. Close to Downtown. Minutes to Restaurants, Shops and More. You’ll Love it Here!

9834 32nd Ave SW. Seattle, WA 98126 Offered at $335,000



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Amazing footage of the progress inside the tunnel

SEATTLE — Bertha the tunnel-boring machine has now excavated 117 feet of the 385 feet needed before the SR 99 Alaskan Way Viaduct can reopen to traffic.

Seattle Tunnel Partners has installed 17 rings since mining started up again on Friday, WSDOT announced Tuesday morning.

State transportation officials also released new drone video showing progress inside the tunnel.

“Just a few days before the SR 99 tunneling machine started tunneling under the Alaskan Way Viaduct, the Washington State Department of Transportation flew a video-equipped drone through the SR 99 tunnel to show Seattle Tunnel Partners’ construction progress,” WSDOT said. “On an average day, the tunnel is bustling with construction. To avoid disrupting crews, this video was recorded in between regular work shifts.”

The tunneling machine is nearly one-third of the distance it needs to go before the viaduct can reopen.

Bertha_progress_ring17_0503

Here’s WSDOT’s recap of the morning commute:

Highways: WSDOT’s Incident Response Team quickly pushed an early morning rollover crash at Boeing Field to the side of northbound I-5 but even this brief closure had a ripple effect throughout the region with northbound commuters. WSDOT saw extended congestion on northbound I-5 as well as heavier than normal volumes and congestion on northbound SR 167 and northbound I-405 in the Renton area.
Seattle surface streets: Seattle streets this morning continued to show increased congestion, as expected. Northbound traffic on Fourth Avenue South heading into downtown was heavy, similar to last Friday morning’s commute. We encourage drivers to continue to plan ahead and leave early or late to avoid traveling during the busiest peak commute hours.
Transit: The King County Water Taxi continues to serve large numbers of riders with two West Seattle sailings at capacity Monday evening. Additional improvements for pedestrian queuing on both the Seattle and West Seattle docks are in the works for laer today. We appreciate everyone’s patience and commend riders for choosing an alternate mode of transportation to get to downtown Seattle.

http://q13fox.com/2016/05/03/drone-video-gives-up-…

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Our New Listing In Arbor Heights is Featured On The Front Page Of Curbed Seattle!

Our New Listing In Arbor Heights is Featured On The Front Page Of Curbed Seattle! Thanks @Tetrimbath For Featuring!

$335K Arbor Heights Tiny Home Awaits Your Garden Skills

Shopping for houses in spring can be as much about garden tours as house tours.

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Shopping for houses in spring can be as much about garden tours as house tours. Walk up to the front of this 710 square foot tiny house in Arbor Heights and spend more time noticing the lilacs and at least four other colorful bits of landscaping in the front yard. It just won’t look the same at any other time of the year.

Of course, if you’re shopping, the gardens are nice but the house is what’s most important.

Inside the 1942 cottage are the expected upgrades: granite counters and back splash, new appliances and lighting. There are also the bits that have been there all along: hardwood floors, and a fireplace that now has a wood stove on the hearth. The sellers are asking $335,000 for the 2 bedroom, 1 bath house which works out to $472/square foot which looks like it is in good shape. Take a tour to be sure.

Outside, there’s more opportunity on the 6,534 square foot lot. While the front may be nicely planted, the fenced back yard is open to interpretation. One massive tree shades almost the entire space, which can be limiting, but it is also a chance to get creative. How about a rock and moss garden?

· 9834 32nd Ave SW [Zillow]

9834 32nd Ave SW, Seattle, WA 98126, USA

http://seattle.curbed.com/2016/5/10/11617058/arbor…

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