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Home Selling in 98101 : Real Estate Advice

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  • Local Info1
  • Home Buying11
  • Home Selling7
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Activity 70
Sun Dec 28, 2014
Puneet Sachdeva answered:
Short sale and I specialize in those. There is lots of details involved. Feel free to contact me at 206-920-5555.
0 votes 9 answers Share Flag
Tue Apr 2, 2013
Kerstin Brooks answered:
It sounds like you love the neighborhood where you live but there are a few things you don't like about your house. Why do you want to renovate? Is the house stuck in the past? Will a few simple changes bring it up to date? Like new paint, resurfacing some of the flooring, cabinets, etc. then it is probably more cost effective to stay put and renovate. However, if you start talking additions to get more space, moving walls to make it more functional, etc. it might make more sense to move. Hire a real estate agent to educate you on the cost of selling and the cost of buying and then hire a general contractor and/or architect who specializes in remodels/renovations to get bids and then do the math to figure out what the best solution is. ... more
0 votes 5 answers Share Flag
Tue Dec 11, 2012
Dean Orrico answered:
It depends on the size of the house along with the purchase price. You can roughly get a price per sq ft however garage/basement sq ft is not as valuable. But let's get down to brass tacks. It depends on what the purpose of the appraisal is. Let's not forget that even though it's a professional opinion it's still an opinion. Your best bet would be to get a value contingent on professional installation of a garage door. Depending on what the value difference is you can decide whether it's worth spending the dough on a door. ... more
0 votes 4 answers Share Flag
Sat Nov 17, 2012
Kirsten Robertson answered:
It depends on where it is on the Eastside. Assuming it's priced right and in "show" condition, a home in this range around downtown Bellevue could sell in a couple of days. If it's in Issaquah, it could take a while longer. Real estate is all about micro-markets so it helps to know the exact city/neighborhood. ... more
0 votes 11 answers Share Flag
Tue Sep 25, 2012
ja3760 answered:
Sorry, the "buyer backed out after all was approved and canceled 5 days after the official closing date.
0 votes 11 answers Share Flag
Thu Aug 16, 2012
Shanna Rogers answered:
Hi Hunbun516,

Until your lender(s) approve the short sale in writing, you don't have a contract. Let your Realtor know you want to cancel contract.

Shanna Rogers
SR Realty
www.RealtyBySR.com ... more
0 votes 8 answers Share Flag
Fri Jul 27, 2012
Carl SanFilippo answered:
Typically seller has to accept the banks terms of short sale approval. Sometimes the bank gives approval but the seller will not consent to it. I would defiantly double check with an attorney and have them guide you. ... more
0 votes 6 answers Share Flag
Mon Jul 2, 2012
HLR answered:
Just remember get too little in commission on your listing, and no agent will show it, home of that price will take a lot of work to sell, out of pocket expenses by the listing agent, and again buyers agents don't work for nothing. So remember why you use an agent, what they can bring to the process, get one that normally sells that price a home, and reward them for the work they do. Or try selling it yourself and find out what it really takes.

Best to you, I see all prices of homes, in all kinds of markets, and the upper priced homes, it's an art to sell.

HLR
... more
0 votes 20 answers Share Flag
Wed Sep 5, 2012
barbara mcmahon answered:
Yes! First be sure it is extremely clean and smells well. Declutter! People are unable to visualize their furniture, etc. in a home that is cluttered with furniture, collections, etc. Take down all references to family, religion,hobbies, etc. Very distracting! Hire a broker that has staging experience. He/she will be able to give you some good info about how to place your furniture for maximum appeal.

Depending on your home's location and price point, you may need to do some upgrades. Granite counters would be an example.

Rent a storage space-don't stuff everything in the garage.

Curb appeal is key-if the first impression isn't good, they may not enter your home. Hire a professional landscaper, if needed, to week, trim, etc. Put out some spring flowers.

there are many more things you can do, so consult your broker!
... more
0 votes 3 answers Share Flag
Fri Feb 10, 2012
Jeffrey Schuffman answered:
Hey Jim - I would have the listing agent list the house, and if that's not possible, then the firm's Managing Broker or Designated Broker.
0 votes 3 answers Share Flag
Fri Feb 10, 2012
Chris Loeliger answered:
Typically you have to have broker that owns the listing to post it for you.
0 votes 3 answers Share Flag
Mon Mar 5, 2012
John Stewart answered:
I usually encourage buyers to continue making offers on property that excites them and close on the one that is ready to close.....don't tell Barb I made that recommendation.
0 votes 12 answers Share Flag
Sun Aug 12, 2012
Leslie Reed answered:
We would need to have more information to answer this question and honestly it would be best answered by a real estate attorney. I would recommend Lars Neste with Demco Law at 206-723-2330. It's too bad the buyers backed out, but January is a great time to sell so hopefully you can find new buyers quickly. ... more
0 votes 19 answers Share Flag
Sun Feb 12, 2012
Ray Akers answered:
I believe you have answered your own question..."Should we also expand the bath & laundry & make the stairs/landing less claustrophobic?" 'Claustrophobic' isn't a good thing. Remodeled baths are important to buyers, right behind remodeled kitchens. So, I support a plan to the job right the first time. Why leave a couple of areas untouched? If you don't do the full remodel, you're likely to regret NOT doing the stairway and bath in the future. As I advise all my clients; look at your remodeling project with an eye toward a future sale. In other words, how will future buyers view your home?

My other advice is; remodeling always costs more than you budgeted and takes twice as long as you calculated. (I hope you have better luck with your project!)
... more
0 votes 7 answers Share Flag
Tue Sep 27, 2011
Chris Pray answered:
Have you spoken to a property manager in regard to what you may expect as a monthly rental on the home? If you can cover or come close to covering your monthly mortgage payment, renting the home for a period of time may be the answer. You should also speak to a loan officer about how or if you can offset the current mortgage payment in order to qualify under another loan application for purchase if you are interested in buying soon. ... more
0 votes 14 answers Share Flag
Mon Sep 19, 2011
Shari Laverty answered:
Hi Rob
It is true that the kitchen is usually the most important room in a home as far as buyers are concerned and usually kitchen improvements result in a 98% to 100% return but I think your best option is to replace the cooktop so it is new, but with a traditional cooktop. Even considering your price range, the induction cooktop may appeal to some buyers but you want to appeal to the most buyers possible and a newer innovation may minimize that goal.
Wishing you the best.
... more
0 votes 8 answers Share Flag
Fri Apr 27, 2012
Betty Kerr CRS,GRI,SRES,ABR answered:
If you have defaulted on your mortgage loan and can no longer afford to make your payments, you could still owe money if your house goes into foreclosure. Most homeowners believe once the lender has foreclosed on the property, it absolves them of any further financial obligation. Often, this is not the case, with the homeowner still being pursued by the lender for the deficiency amount, which can total several thousands of dollars

Check with a Real Estate attorney or your CPA.
... more
0 votes 23 answers Share Flag
Wed Aug 10, 2011
Mack McCoy answered:
It depends, of course, because for all the hard data that today's buyers examine, the home still has to have a coherent "feel" about it.

My first thought is that floor-plan modifications generally harm resale value, and, "sight-unseen," it seems to me that you're going to have two "bonus" rooms, one with a man-door, and that's just going to seem strange, rather than beneficial.

I'd have my agent come by with my contractor and designer/architect, and ask my agent's opinion. In actuality, this could turn out to be a good idea. But I can't imagine it.
... more
0 votes 6 answers Share Flag
Sun Apr 10, 2011
NA answered:
All of the US market is depressed right now. If you can wait to sell it (ie if the rental property is making you money right now) then I would wait to sell it until the market came back as you will get a much better price for it in a couple years plus you would have the income generated from the rental. ... more
0 votes 24 answers Share Flag
Sun Apr 3, 2011
BG answered:
my wild guess is the unemployment index is a leading indicator or economic recovery -> housing appreciation.
0 votes 5 answers Share Flag
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