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Edmonds : Real Estate Advice

  • All30
  • Local Info2
  • Home Buying10
  • Home Selling2
  • Market Conditions1

Activity 14
Thu Mar 7, 2013
Zolena1 asked:
HI All,

Thanks so much for your speedy replies and suggestions for my rental hunt in Edmonds and surrounding areas. I appreciate your help and have taken your good advice.

Best to yo...
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Fri Dec 30, 2011
John Bischoff answered:
Sharyne,

Are the payments high because of a high mortgage balance or because of a high interest rate or both? If the rate is higher than today's going rate, could you and your husband qualify to purchase the property? If that doesn't work, and you think there is equity in the house, maybe you should sell the home and find something(maybe a rental) for them that is more comfortable on a monthly basis. ... more
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Sat Oct 30, 2010
Desari Jabbar answered:
I think you're asking about homeowner's insurance. If that is the case, then it would depend on the sales price of the home and the insurance company you use.

Can you clarify your question? ... more
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Wed Oct 6, 2010
Desari Jabbar answered:
I don't understand how you can be liable for a water bill that was owed before you bought the property. Contact the selling agent's broker and discuss this matter with the broker. ... more
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Sat May 28, 2011
Terri Vellios answered:
Paul,

If the house is on the market I would suggest you talk with a local Realtor who is very experienced in REO (If you don't have one I can find you one, I used to sell in Skagit County). If the home is not on the market, contacting the asset manager of the bank would be one option.

There may be some issues purchasing the home if you were once on title.
... more
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Mon Jan 25, 2010
Dan Tabit answered:
Yes, this is not a good idea, unless you want to be taken advantage of. The listing agent is obligated to do whatever is in the seller’s interest. You need a buyer’s agent to represent your interest. Your situation is understandable and I would be surprised if you still could not get a letter explaining the circumstances from a lender indicating that you would be at least pre-qualified and later pre-approved once your refinance is complete. If something is on the market now that appeals to you, I wouldn't wait. Find an agent to represent your interests, have them speak to your lender and take action on the condo you want while it is available. ... more
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Wed Apr 17, 2013
Tammy Adams answered:
I have family out in that area of Washington and it sounds like your market is really slow. They are so strict about lending right now and people are uneasy about the economy so it is pretty difficult to sell. Remember the competition is bank owned homes and short sales that are driving prices down. You may have to continue to drop the price until you get an offer then begin negotiations... ... more
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Wed Dec 31, 2008
Kary Krismer answered:
Legal? Zillow can do whatever it wants.

It is typical to exclude transactions if it's not thought that the transaction was an arms length transaction, or otherwise suspect.

Case Shiller, which just released its results for October today excludes all sorts of transactions. I occasionally get telephone calls from appraisers with questions about a past sale. Sales between family members (including even divorcing spouses) are always suspect. ... more
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Mon May 26, 2014
Larry Q. Ducksborg answered:
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Fri Feb 8, 2013
Cary answered:
I would choose Talbot Park over Maplewood, especially if schools are an issue. You have to be careful with Talbot Park because the school boundries are very funny there. Some of the houses go to Meadowdale, some to Edmonds and others to Seaview. Your neighbors across the street might end up going to a different school than you do. I think they are getting ready to rebuild Edmonds Elementary as well. Seaview and Meadowdale are both new schools so that will not be an issue. Have you looked in the Seaview area? It is very nice safe neighborhood. I would choose Seaview Elementary over over Edmonds, College Park or Meadowdale any day. ... more
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Thu Jan 7, 2010
Ian Hill answered:
Both Talbot Park & Maplewood are considered excellent neighborhoods. I'm puzzled by the term "transitional" for Maplewood. Could you please clarify what you mean by that?

Letâ€s go ahead and consider the following; Maplewood is in walking distance to downtown Edmonds (called "The Bowl") whereas Talbot Park is approximately 4 miles north of downtown. If you enjoy walking to shops, restaurants, cafes, theaters, etc. then Maplewood is clearly the better choice for location.

In addition to the Edmonds School District website, another great website for school information is http://www.k12.wa.us/. This website has a "report card" for the schools based on test scores and lots of other great school information.

For safety issues, I suggest you contact the police department directly for information that is of concern to you. Their phone number is 425-771-0200.

I hope this is helpful.

Welcome to town!
... more
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Sat Feb 1, 2014
Gina Baumann answered:
Hi Carol,

That is a decision that can only be determined by you. No one can predict what the real estate market will be like in Washington or Florida in a year. Prices could go up, down, or stay flat. It sounds like you’re in a win-win situation with moving to Florida to get just as good of home. I would do what is best for you personally, to move now or wait a year!

Sorry to hear you're leaving the Great Pacific Northwest!

Take Care,

Gina
... more
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Thu Sep 5, 2013
Karin Simpson answered:
Hi Carol -
I am an agent in the Windermere North office and live in Edmonds. The best answer is to have a realtor do a complete market analysis for you that shows what the market for your home ... based on price, square footage, updating etc. What is the current competition for your home? I listed a rambler last fall in Edmonds that received great traffic and sold two days before Thanksgiving – which was a horrible time. Along with the market analysis ask for a “trend analysis” for your area and price range. That will show how many months supply (absorption rate) and what the average price per square foot is now VS last summer or a year ago.
Having a year to watch the market is a luxury most sellers do not have. It gives you the flexibility to have your house prepared for the perfect time – when there is scarcity for your price point. If you have a relationship with an agent who is watching the market they can advise you to act quickly and list your home. Sometimes timing is worth an extra 10%.
Best of luck! Karin
... more
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Tue Mar 11, 2008
Lynn Newcomb answered:
I have been a Realtor for almost 20 years and have specialized in Snohomish County for 15 years.
Edmonds is a great location but the entire region, with the exception of a few remaining hot spots, is seeing a soft and cooling market. Prices have been adjusting back from the unrealistic market we recently came out of. There is a lot of competition and buyers are skeptical because of the lending crisis.
Pricing a property for the current market. along with broad exposure, is essential. Patience will also help if you are a seller. For buyers, I think that it is fantastic time to think about buying. The lending crisis is really not impacting as many buyers as the media would like us to believe.
... more
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