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Seattle : Real Estate Advice

  • All1K
  • Local Info115
  • Home Buying477
  • Home Selling98
  • Market Conditions46

Activity 1,400
Wed Dec 14, 2016
Maricris A answered:

Once you edit your listing on Zillow, it will automatically update on Trulia within 24 hours.


Consumer Care Advocate
0 votes 1 answer Share Flag
Sat Dec 10, 2016
Shawna Hale Or Ryan Bennett answered:
I am in Raleigh, North Carolina and just moved into a bank owned rental home. The realtor told us they had at least a thousand properties. They do exist,and I had never heard about bank owned rentals prior. ... more
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Thu Dec 8, 2016
Kary Krismer answered:
Consult an attorney, but if they forgot or missed paying off a lien that you owed, you probably owe them.
0 votes 1 answer Share Flag
Sun Dec 4, 2016
Kary Krismer answered:
Besides your loan costs, the other major buyer closing costs are the cost of title insurance for you lender (the seller pays for your title insurance) and half the escrow/closing agent fee. There are also lots of little charges, like recording fees, and then some pre-paids, like a few months of real estate taxes (depending on when you close and whether the lender will be collecting taxes) and property insurance (either inside or outside of escrow). ... more
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Sun Dec 4, 2016
Michael Ross answered:
That zip code is a pretty diverse one. It includes waterfront homes in Leschi that sell for many millions as well as the now-hot, up and coming neighborhood of Beacon Hill and the rapidly gentrifying Central area.

I agree with Kary that the price-per-square-foot metric should not be used for residential resale--only new construction pays attention to price per square foot because in the resale market you could have two properties with identical square footage but with a price that is many hundreds of thousands of dollars different.

Here are some recent metrics (10/2016) for 98144 (including the price per square foot):

Avg price sold: $608,000
Avg number of days on market: 23
Avg difference between list price and sold price: 103% of list
Avg price per square foot: $359
... more
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Sun Dec 4, 2016
Michael Ross answered:
Gentrification is a complex and specific topic. I think you're asking whether Belltown is pricey, upscale, etc. I'm going to answer both ways though:

Belltown was never really a economically depressed, low-income area. It is right in downtown Seattle and has luxury, high-rise condo buildings that were built in the 1980s (so it's been a place for luxury living for at least 30+ years). There are areas of Seattle in which gentrification is in full-swing and is causing property prices to rise dramatically and is displacing long-term residents--Central District, First Hill, Columbia City, and other neighborhoods

From at least the early 1980s to now, Belltown continues to be a popular area for residential living and has seen a number of new, architecturally-cool buildings go up in recent years. There are no houses in Belltown--it's all condo living. A person that lived in Belltown could walk to work just about anywhere in downtown or South Lake Union. They could actually shop on foot for some seafood at the famous Pike Place Market and could walk a few blocks from home to catch a Broadway-quality show. It is truly urban living and the prices reflect that. In a recent rental survey, Belltown was one of the most expensive neighborhoods in Seattle with a one br median rent of $2,595.

What kind of people live there? inside the buildings, people who can afford that kind of housing payment. In terms of age & other demographics, it is perhaps a much more diverse neighborhood than many in Seattle; old and young, many different backgrounds. Outside of the buildings are quite a few homeless people or transients. If you want city living, with all it's pros and cons, Belltown is the place to be.
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Sat Dec 3, 2016
Michael Ross answered:
First, let me address the particular home that you were looking at: It is in default on a loan of less than $200,000. That's on a home that would probably sell for over $600,000 as a fixer. That means that the person will probably bring the loan current or sell it the traditional way, pay off the loan and realize a substantial gain.

That home has entered the foreclosure process but has not been foreclosed on. The significant difference is that a home in the foreclosure process is not really for sale--the owner has just become delinquent in his/her mortgage and a public notice has been filed that starts the foreclosure process.

You can, however, buy an already foreclosed home (one that the lender has taken possession of) and there are some good deals to be had on those homes. Get a good real estate agent (like me) and they can provide you with a list of those homes. Foreclosed homes allow for you to be represented by an agent and it's a good idea because those types of listings can get a little tricky--like having shut-off utilities and hidden defects

If you want to have some fun searching for foreclosed homes in the internet you can see some by searching for the "HUD homestore"
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Fri Nov 25, 2016
Sowencheung answered:
yes, it allows pets with extra small monthly fees.

the address is 4040 26th AVE SW, Seattle
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Thu Nov 17, 2016
Jesusloveshykao24 asked:

I am currently working for an international real estate company based in Taipei with 25 other branches/offices mostly in Asia. Our primary service is to sell new (investment) properties…
0 votes 0 Answers Share Flag
Wed Nov 2, 2016
Christine.woods32 answered:
The rent is Seattle is rather high. However, you can always negotiate it.
It will be easier to do with good credit and positive references from previous landlords.
If you are afraid of negotiations, you can offer you price for property though Internet. Using this service you have possibility to submit custom offer to landlord. ... more
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Mon Oct 31, 2016
Kary Krismer answered:
I found the WR video in my browser history. ... more
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Thu Oct 27, 2016
Kary Krismer answered:
Well first, we would need to know if you're in Brooklyn, NY or Seattle, WA, and then we would also need to know what contract forms you are using. I'd suggest it would be better to simply contact an attorney because there is a need to review the forms and get a lot more facts than what a two sentence post provices.

That said, as a general rule: "There is no late in real estate." Thus, assuming the seller was not somehow at fault for the inability to close, they could probably ask for whatever they wanted for an extension or pursue their remedies for breach. If it is their fault it would be much more complicated because you'd be dealing with buyer remedies for a seller breach. Which gets back to the attorney comment.
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Thu Oct 20, 2016
Kary Krismer answered:
Try different company broker sites. One of them may give the information you want, but it will probably be very limited. National sites are less likely to have specific information like that. ... more
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Tue Oct 11, 2016
Nghia Nguyen asked:
Mon Oct 10, 2016
Susie Kay answered:
I would suggest that you circle back with your realtor who sold your property.
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Sat Oct 8, 2016
Bryant Ravenna asked:
Sat Oct 8, 2016
Bryant Ravenna asked:
Tue Oct 4, 2016
Kary Krismer answered:
I'm not sure what you're asking, but the purchase date is typically the date the deed is recorded with the county recorder. You could have some other situations though where date of possession would be considered the transfer date, but those would not be your run of the mill situations. Those would most likely be situations where for one reason or another a deed was never recorded or was delayed for a period of months or years.

Why do you ask?
... more
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