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Home Buying in Kirkland : Real Estate Advice

  • All108
  • Local Info10
  • Home Buying43
  • Home Selling21
  • Market Conditions3

Activity 61
Thu Jan 24, 2013
Vikki Iverson answered:
In this market I would find a good Realtor who has experience writing escalation clauses. An escalation clause allows you to offer a predetermined amount and build in a cushion above it, that you are willing to pay, in the event that someone else makes a better offer. They have been a hot ticket in Seattle, and it is slowly spreading to the Eastside. Many Realtors haven't had to use them because this new cycle of the market is a swift departure from the past few years, so finding a Realtor who is comfortable with the negotiation tactics that compliment as escalation clause can really beef up your odds of getting the house you love. I've used them to find two buyers the home they wanted within the past three months. If you have any questions or need any assistance, please let me know. Now is an excellent time to buy a home!

Vikki Iverson
206.769.9472
vikkiiverson@cbbain.com
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0 votes 8 answers Share Flag
Wed Jan 16, 2013
Brian Leavitt answered:
Simply take a look at the tax record under ownership history. Usually this will show who the builder is but if not a call to the title company can often provide the answer. your broker should be able to do this easily for you. If all of the homes in a neighborhood are built by the same builder then asking a neighbor may be a reliable source but some Kirkland neighborhoods were built out by many different builders many of which are no longer in business. I disagree with the previous answer in that split level homes are a very popular plan offering more square footage for the dollar than any other floor plan but remember the reason for this is that approximately half of that square footage is below grade or basement square footage. Split levels are a big home for the money, have always sold well because of the size and value and are easy to maintain because of the elimination of the crawl space. ... more
0 votes 3 answers Share Flag
Sat Dec 22, 2012
Jirius Isaac answered:
I completely agree with Dan below. It could be ok, but you have to be careful. If you really want to use the listing agent, then I would consult with a buyers agent that is very familiar with short sales so they can ask the listing agent some very specific questions about their experience, etc. That being said, it is still always better to have an agent in your courts. As you can see there are a lot of us here that can help you. If you click on my blog site below & then click on "Bellevue" you will see a long list of blogs I have written on short sales. You also may want to have an agent help you see other options for purchase even though it is obviously more convenient for you to buy the unit you are in. I am also a loan officer & can help you with all aspects of your search & purchase. Just let me know.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
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1 vote 10 answers Share Flag
Sat Dec 8, 2012
Jirius Isaac answered:
If it looks like it will not get done on time, go speak to a real estate attorney. I can recommend a couple of them to you that do this full time & they can discuss options with you. Most of what the others have said is true. Do not stress on it too much.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
... more
0 votes 9 answers Share Flag
Sun Nov 18, 2012
Kary Krismer answered:
I'm glad you spoke to some attorneys. Yes you can change lenders within the 5 day period, but not loan types.
0 votes 11 answers Share Flag
Mon Aug 20, 2012
Pba03 answered:
I live in the recently incorporated section of Kirkland. I connected my sewer last year. The permit from Northshore UD was about $7000 based on the size of your water line. Then I needed a permit for $300+ from the county to dig up the 10' section of MY driveway that fell on county property. Excavation was $10000 for about 60' but 14+ feet down. Then the section of my driveway that fell on county land had to be backfilled with 3/8- crushed rock (14' of it!) and topped with 4" of pavment. Then you have to actually connect the house to it which will require a plumber or, if you are handy and get a permit, you can do it yourself. I did and it was fairly easy. Then you get a monthly bill for about $50 and a bill every three months for about $150 for the "Brightwater" plant...for 16 years! I only did all of this because I was planning an addition to my home that would add 2 bathrooms. Otherwise I would leave it alone and just take care of your septic system. ... more
1 vote 8 answers Share Flag
Tue Apr 24, 2012
Larry30241 answered:
I just acquired a colonial style house built back in 1840. The house sits atop huge 12x12x25' beams and has a ton of very old artifacts still inside. Being that the house was given to me, i would like to sell the vintage lumber to a company that can dispose of the 5 bedroom mansion. The wood, french doors, etc are worth tons of money. Can anyone direct me to a company that may be interested in purchasing the house for the materials and would be willing to remove it? Selling the materials for a reduced price and not having to do the demolition is my ultimate goal. ... more
0 votes 12 answers Share Flag
Sat Apr 7, 2012
Phil Leng answered:
I happen to be doing a series on that very question.
Help! I’m Making an Offer on a Short Sale Listing!! - 03/05/12 05:28 AM (2 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #1 - 03/05/12 05:30 AM (1 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #2 - 03/06/12 10:06 AM (1 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #3 - 03/07/12 07:27 AM (1 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #4 - 03/14/12 03:06 AM (6 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #5 - 03/15/12 06:29 AM (4 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #6 - 03/20/12 01:40 AM (16 comments)

Help! I’m Making an Offer on a Short Sale Listing!! #7 - 04/01/12 09:26 PM
Will the seller fix things that we discover are needing to be repaired?
This is not a new house.Well - Let’s do a review.
The seller ran into a hardship. One or both of them lost their job. There was sickness, There was, or may soon be, a divorce. They could no longer make payments on the loan.They have used up their savings, so they have no money. They are not going … (3 comments)
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0 votes 4 answers Share Flag
Fri Mar 9, 2012
Jirius Isaac answered:
Kirkland is a very desirable area & borders Lake Washington & has already pretty much recovered from the market crash the last several years. It is only minutes to Microsoft & to Bellevue as well. ... more
0 votes 1 answer Share Flag
Thu Mar 8, 2012
Jirius Isaac answered:
Really it is pretty simple.
1-Are they gonna try & sell you a house, or are they going to objectively tell what you see as drawbacks to each house you show them?
2-Are they going to be available to show homes when you need them to be?
3-Are they gonna take care of the loan for you directly or with someone incredible that is available 7 days a week?
4-Do they know an incredible inspector that will take at least 4 hours to inspect the house?
5-How good are they at negotiating deals? You can determine this by looking at data of sale price to list price in the NWMLS for the 4-5 years prior to the market crash. The average home actually sold for 100.3% of list price for all sales in the entire NWMLS. My average was 94%! Numbers speak volumes.
6-Do they provide a moving truck for you to use when you are moving free of charge?
Anything else is just hype & opinion.
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0 votes 2 answers Share Flag
Tue Mar 6, 2012
Kim Meyer answered:
I agree with the others. Work with a saavy mortgage broker to get preapproved and find the purchase range you would be comfortable making payments on. At the same time or after preapproval, partner with an experienced REALTOR to be your guide through the home buying process. It is an exciting time and Congratulations for being ready to buy! ... more
0 votes 5 answers Share Flag
Mon Mar 5, 2012
Ian Biggs answered:
Most of the closing costs for a home purchase are not negotiable. The appraisal fee, escrow fee, etc. are set fees that need to get paid. What IS negotiable, however, is who pays for the closing costs. It is common place nowadays to ask the seller pay for some or all of a buyer's closing costs.
That being said, some lenders will negotiate with you on the origination fee (largest part of closing costs; typically 1% of the loan amount), but a smaller origination fee = higher interest rate.
... more
1 vote 4 answers Share Flag
Mon Mar 5, 2012
Ian Biggs answered:
My wife (see Kelly Zuger) and I work with a lot of first-time home buyers on the Eastside and in the Seattle area. Over the years, we've seen many first-time home buyers start the process of purchasing a home filled with misinformation or with a skewed perception of the market. Not so much any more.
The biggest surprise is how informed today's first-time homebuyer is. They do their research, and to my delight, are not as wary of Real Estate Brokers because when I give them professional advice, they know I'm not feeding them a line, and the mutual trust and respect make the process smoother for everybody.
I didn't really answer the question, so....the biggest surprise a first-time homebuyer encounters is usually how much home they can actually buy. Some buyers overestimate how much home they can afford, and some are surprised to learn that they can afford much more than they initially thought. Before you go shopping for homes, even from your home computer, talk to a Mortgage Professional. Better yet, talk to three of them :)
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0 votes 1 answer Share Flag
Wed Feb 8, 2012
Pacita Dimacali answered:
The inventory tends to slow down in December, then picks up again in February towards spring and then heats up in the summer.

Prices today are indeed lower than where they were in the super-heated markets in the mid 2000s as we tackle the downturn in the economy that is driving people to sell their homes as short sales, or they may have lost them to foreclosures. The prices are "correcting" to where they should be.

If you haven't engaged a realtor yet, you should. so that your realtor can help you identify suitable properties.
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0 votes 7 answers Share Flag
Sat Jan 21, 2012
Ruth and Perry Mistry answered:
You welcome Violet.

Have a great weekend.

Goodluck with your transaction.

Ruth

Http://www.trulia.com/blog/Perry_mistry
0 votes 1 answer Share Flag
Sat Jan 21, 2012
Jirius Isaac answered:
I do not know what you are stressed about other then just that it is stressful to buy a house. You should have a good team with your lender & agent to minimize the stress because we do this all the time, unlike you. If you do not have a good team, get one before you do anything else so you can rely on them. Contact me if you need any help.

Good luck, Jirius
... more
0 votes 9 answers Share Flag
Sat Jan 21, 2012
Ruth and Perry Mistry answered:
Hi Violet

You should counter based on What the market is doing, right now in Kirkland.
How many units have sold in the last month, what is available, those homes that are available will
They work for you should this does not work out.

There must have been a good reason why you offered a certain sales price the first time,
Going in at the Midway mark maybe prudent if the market justifies it. If the justification is less
Then go less or walk away. If after thorough analysis of market conditions it is required that
You go higher, then do so.

If you have better options should this property deal not work out then so be it.

Good luck.

Ruth

Http://www.ruthandperry.com
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0 votes 5 answers Share Flag
Sat Jan 21, 2012
Annette Lawrence answered:
Violet,
If I read your question correctly I see "I am the buyer" in the first line and "the seller is us" on the last line. Please clarify, are you the buyer AND seller?

This situation is unlikely to fly at any price.
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0 votes 8 answers Share Flag
Tue Dec 20, 2011
Carol Perdew answered:
Violet,

Lenders are working on getting systems in place to help short sales close in a timely manner. I hope you successfully close your short sale transaction.

Thanks,
Carol Perdew
Prudential California Realty
(209) 239-7979
Carol@PerdewHomes.com
www.CentralValleyHomes.com
DRE 985176
... more
0 votes 2 answers Share Flag
Mon Dec 19, 2011
Dan Tabit answered:
You're welcome Violet.
I'm glad you were able to find some answers to a complex question. I have a favor to ask you, when you're deal is done however it turns out, drop us a line on any of the questions we have answered and let us know how it turns out.
Merry Christmas and best wishes for the New Year.
... more
0 votes 4 answers Share Flag
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