Very interesting article. Great insight into the mind of an appraiser. I knew there was some sort of "grey area rule". It's more than a coincidence that many appraisals come in right at or just above the contract price. I thought it was simply a homage to the age old unwritten rule that a thing is worth exactly how much someone is willing to pay for it. It's interesting to see that they actually use the purchase contract as a comp! Makes sense though.
(He's right, I cringed when I read about his exception to the rule example that resulted in the appraisal coming in 2k under. Really, 2K?)
How many times have you had this comment from someone who knows relatively little about the appraisal process, “I am not so sure about you appraisers. Seems
This is yet another reason to buy instead of rent if possible. Otherwise you're subject to mandatory government inspections inside your house whether you or your landlord consent to it or not. No matter what the intent, that kind of thing always grinds my gears. Very "Atlas Shrugged-ish".
The intent with this is good and noble. Minimum living standards should definitely exist. However, they are already set with the current landlord tenant law. Of course slum lords do and always will attempt to skirt their responsibilities. And, currently it's pretty much up to the tenant to report violations, and/or demand repairs. Still, this seems to me like "Big Brother" sticking his nose into others' business and throwing his weight around.
If you've gone through foreclosure, it probably hasn't reduced your desire for homeownership. If you're looking for a second chance at the American dream, there is still hope.
Since the housing market started going downhill in 2006, more than 9 million homeowners have engaged in some form of distressed sale, according to research by the National Association of Realtors. This includes those who were foreclosed on, engaged in a short-sale or handed over the deeds to their home to avoid foreclosure.
Getting back into the market
The NAR finds that as many as 950,000 distressed sellers already are eligible for financing through Federal Housing Administration or other programs. (Read 7 crucial facts about FHA loans.) NAR expects that
"Either way, it’s clear that if we want to get anywhere close to a reasonable, non-bubbly market, we’re going to need a lot more listings."
Talk about a (historic) sellers market!It is a great time to sell. And this just further illustrates that if you are thinking about listing your home, why would anyone consider paying full commission for less marketing and service? I, and The Cascade Team have you covered with FULL service and an unparalleled marketing plan for only a 1% listing fee!
Contact me for a consultation.
I thought it would be interesting to take a deeper look at the depth of the current listings drought by comparing monthly new listings over the last few years to the same period during the previous bubble (before listings
For the 10th year, The Cascade Team is once again hosting Project Crayon Drive this April! For the young who find themselves at Seattle Children’s Hospital, sometimes the simple things like a coloring book and a few crayons can be as soothing as the trained staff and smiling doctors. Yet, something as simple as crayons often goes overlooked. Each year, Children’s Hospital goes through over 240,000 crayons, but each child only gets a couple to use.
And that’s where The Cascade Team — in partnership with the Children’s Hospital Guild Association and several area merchants — comes in. Throughout the month of April, agents from The Cascade Team will be walking neighborhoods and spreading the word about
Listing syndication does more than just draw eyes to your listings. It provides you with more exposure and gets buyers into your home that are interested and ready to buy! The Seattle and Eastside markets (Sammamish, Issaquah, Bellevue, Redmond) are booming. With people transferring for work from all over the country and world, you NEED to make sure your home is found and seen in the best possible light!
MLS & SYNDICATION
Syndicated to over 300 Real Estate Websites (Including International)
THE CASCADE TEAM PUTS YOUR HOME IN THE SPOTLIGHT!
The National Association of Realtors reports that 90% of all home buyers first view the home they purchase on-line. The Cascade Team represents the most comprehensive on-line presence in the Real
With so many new buildings being constructed in both our neighborhood and the city as a whole, the City of Seattle’s Design Review program is exploring ways to make it easier for the public to learn more about projects planned for their neighborhood, and to make it easier to provide input on the design of these projects.
The City of Seattle’s Design Review program reviews private developments in neighborhoods throughout Seattle, including multifamily structures and commercial buildings.
The mission of the Design Review program is to foster design excellence, provide a forum for the public to weigh in on projects planned for their neighborhood, and to provide flexibility, when appropriate, in how land use code requirements are applied.
Great posts from this site. Love the graphs. As indicated, it's tough out there for buyers. It's just a whole different experience than most expect. I think the toughest thing as a buyer right now is to just wrap your mind around the necessary strategies in a competitive market, and to have the patience required. Offering over (sometimes significantly) asking price seem to be tough to swallow at first. It's just not natural! It can get fun again though once you get the right mindset.
Having a good broker (ahem..) that knows how to navigate this type of market is key. Feel free to contact me anytime!
March market stats were published by the NWMLS yesterday. Before we get into our monthly stats, here’s a quick look at their press release.