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Home Buying in Sammamish : Real Estate Advice

  • All43
  • Local Info7
  • Home Buying20
  • Home Selling1
  • Market Conditions2

Activity 18
Mon Feb 9, 2015
Javier Montiel - Top Local answered:
Have you tried to edit the listing price under the "My Lisitngs" tab?

If that doesn't work, try contacting Trulia customer service.

1 (888) 466-3501

Good Luck!
0 votes 1 answer Share Flag
Fri Aug 22, 2014
Dan Tabit answered:
Thanks for the update, sorry for the troubles. I hope this thread will be a warning for others. I wish you the best in getting things right.
0 votes 10 answers Share Flag
Tue Aug 19, 2014
Dan Tabit answered:
Hi Sara,
Murray Franklin is a great local builder and that location is very good. It's close to shopping, transit and in a great school district. There is nothing wrong with Trossachs though, it's less than 10 minutes away and while I haven't reviewed the pricing differential lately, it's worth looking at.
As to the market, we experience a normal summer slow down in August as all but the most serious buyers are having fun in the good weather before school starts. September sees a normal uptick in activity before the gradual drop off into the winter.
Regarding timing your purchase, unless you are thinking short term, I wouldn't worry too much. Those sites are selling out quickly, however they have other sites coming on soon.
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Thu Jul 24, 2014
Freddy M. Delgadillo answered:
Many builders have a very specific criteria before they work with a Buyer/Client. Your price point/ budget will determine the type of quality builder you get. A solid number for a very reputable builder is around $200 sqft. - that will determine also on how detailed and trim you want your home.

Simple calculation:

Price of land [or structure on land]

+ size of structure @ $200sqft

= what its going to cost you.

i.e. If you were to buy a home already on a lot at $400K and build a 3,000sqft home @ $200sqft [$600K] the final project would cost you $1M.

Hope this helps. Reach out if you have any other questions.
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0 votes 3 answers Share Flag
Mon Jul 15, 2013
Kary Krismer answered:
Sahalee is very nice. I particularly like how they've left more trees than most the other golf course communities in the area. Some, however, might not like that. I would also note that there are some townhomes in the development.

There are other less expensive golf course communities and as noted, they might be a better commute for you if you commute to Seattle. Kent, Renton, Maple Valley and Federal Way all have golf course communities, and there are probably others that I'm forgetting.

I would note that finding the right location on a golf course can take time and patience.
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Sun Jul 14, 2013
Karen Mcknight answered:
Hi John,

There aren't a lot of lease option properties in the Sammamish / Eastlake area. I'm wondering if you know you can put 3% down on some of the conventional loan programs now.


I work with some outstanding, very experienced lenders and would be happy to refer you. They are happy to do a "no obligation" consultation with you.

You can set up a property search and include rental properties at my site: http://www.buyandsellseattlerealestate.com . You may need to do a straight lease for a year. Houses are selling well, so the only type of opportunity I can think of, that would be interested in a lease option would be someone who has to move, can afford their payments, but they still owe more on the home than it is worth in today's market. Some investors like to sell on lease option for a variety of strategic reasons.

Let me know how I can help.

Warmly,
Karen
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0 votes 5 answers Share Flag
Sat Apr 6, 2013
Dan Tabit answered:
Hi Infocus,
Welcome back. As a long time Sammamish resident, I'm biased. The School districts (Lake Washington and Issaquah) are great; the location is central with fairly easy access to I-90 and 520. The town has a diverse mix of people due in large part to the high tech firms that make up a large portion of the cities employers.
Sammamish has been named a top place to live several times by Money Magazine and was recently named The Most Friendly Town in America by Forbes Magazine.
Now, there is nothing wrong with any of the places you mentioned. We all share much of the same resources, environment and climate.
Prices in Sammamish have been climbing, but I believe that would be true of most of the greater Seattle market due to the current shortage of inventory.
I've linked a blog post below highlighting some of the awards I've mentioned.
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0 votes 1 answer Share Flag
Wed Apr 3, 2013
Jirius Isaac answered:
You have a lot of good answers already & so I do not want to repeat them. You want to decide which way to go based on your budget & needs, etc. I am a loan officer as well as a real estate broker & would be happy to have a conversation with you when you are ready in order to determine the budget part. Just contact me directly.

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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Wed Mar 27, 2013
Jirius Isaac answered:
Dan & I are in total agreement. the process is quite complicated & involved but the result can be fantastic. It would take me hours to share the type of information you really need to process before you even begin. If you would like to consult with me, just give me a call or email me directly & I would be happy to work something out with you.

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 4 answers Share Flag
Wed Mar 27, 2013
Jirius Isaac answered:
This is an expensive & time consuming proposition, but the end result will be a perfect home for you. If you can afford the time & money, go for it. Seek the advice of a good real estate broker to help you go through the process. It will lessen the burden to have someone with experience on your side.

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 3 answers Share Flag
Wed Mar 27, 2013
Jirius Isaac answered:
I agree with most of what has been said already. Without seeing the exact site, we are only guessing.

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 4 answers Share Flag
Fri Dec 14, 2012
Dan Edwards answered:
Supply and Demand. That is your answer. However I ran a quick report for Sammamish area Presales and it looks as if prices last year between December and March dipped down before rebounding in June. Past performance doesn't always guarantee future results, however if your a motivated buyer this time of year the builders sometimes will be more willing to deal than in June.
See the complete analysis:
http://www.eastsiderealestateblogger.com/2012/12/where-are-new-construction-home-prices-in-sammamish-headed.html
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Sat Sep 22, 2012
Gary Geer answered:
Simple Z,
Your right to be concerned. You may be able to accept that pond next door but when you try to sell many buyers may not. Especially with algae, and mosquitos etc.
0 votes 3 answers Share Flag
Wed Jan 18, 2012
Leanna Young answered:
If you are still looking for help on the differences between Belcara and Pine Meadows, I would be happy to give you more insight in to both these communities. I used to be the site agent for Belcara and would be happy ot answer any questions you may have regarding Belcara or Conner Homes. I have up to date knowledge on best buliding practices and would be happy to go through some of the differences with you!

Leanna Young
The Cascade Team
425-829-1029
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0 votes 9 answers Share Flag
Thu Mar 17, 2011
Dee Owens answered:
I actually have a listing just outside of Sammamish that has a lease/option. Let me know an email and I can send along the details.
dee@seattleseller.com
0 votes 6 answers Share Flag
Fri Feb 26, 2010
Wedat answered:
Wed Jul 22, 2009
Alicia Reid answered:
Hi Papoo,

So far none of us have a crystal ball, but I will go with the fact that our prices are still falling in Sammamish, so we have not bottomed out yet. We won't know when we have hit the bottom until we have an uptick. That's the part that is difficult to surmise. But even with one good economic indicator nationally, real estate markets are extremely local. So what I have recently read from a seemingly brilliant 2nd generation economist is that we will not experience price stabilization until we have 3 consecutive months (a financial quarter) of growth in the leading economic indicators for our region ie. increase in jobs, decrease in layoffs, decreases in foreclosure filings down to "pre-depression" rates for King County, growth in national Gross Domestic Product output, etc. I tend to agree with the philosophy of reading the economic indicators instead of trying to read tea leaves. I'm a pragmatist and I will believe we have hit bottom when I see it.

Foreclosure filings were up in March of this year, but about 67%. What that means is that six months later, you will see a dramatic increase in the actual foreclosures. (So September is when the massive foreclosures will begin). We ain't seen nothin' yet. If I must take an educated guess I would say that we will probably have lower prices this fall and winter. Most of the banks are not being realistic with short sale offers, and they will start the bidding too high at auction for most investors to take a risk offering on something without an inspection. So the properties will largely end up back as bank owned inventory commonly called REO's.

That being said, we're most likely not going to have prices like Florida or Nevada, there's a comparative shortage of buildable land in King County. So you can give up the dream of finding the $150,000 brand new tract house in Sammamish. Population and demand is too high for that to happen.

The reality is that when you find a property that is a compelling value on a property that has a location you like and it meets your needs for shelter or as an investment, buy it. Waiting is a gamble, the properties that are unique or have something rare like views, waterfront, or an amazing lot or floor plan are things that people get truly passionate about. Those are properties that will appreciate well in the future. They don't generally make it to the foreclosure stage.

There are a large number of cash buyers out there, and they are really coming out of the woodwork right now, but they are cagey and many will wait for the winter. So you will have competition either direction. Your best bet is to negotiate a fabulous deal on a property that you can single out from the pack, tie it up in a contract, put it under the microscope of a thorough inspection or inspections and then decide if it meets your objective or needs. You may even find a bargain among the REO's with a bank who has rejected other good offers finally weakening after receiving several offers and rejecting them. Just make an offer on something, you never know until you try.

Even if we do hit the bottom of this next winter, and prices do stabilize by mid-2010, as everyone hopes, it is unlikely that we will have any serious appreciation for at least 3 to 4 years to bring us back to the current level. So only buy a property if your plan is to hold on to it. Flipping is unwise. A property may fluctuate in value throughout your ownership, but it is only a loss if you sell it when the market is down.
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0 votes 2 answers Share Flag
Fri Nov 14, 2008
James Hsu answered:
Scott..
In a trustee's sale in Washington....you own the property immediately...not in 30 days...so no..you don't have 30 days to come up with the money.
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