Seattle Real Estate Blog

Gather insight on the Seattle Real Estate Market and insights on local area neighborhoods.  

May 24, 2018

Seattle is #7 in the Nation where people move for a job.

 

According to a new study by Apartment List, 51.5% of Seattle metro renters are job-first movers choosing to move to Seattle because of its healthy job market and abundance of opportunities in tech. That makes Seattle #7 metro in the nation where people move for the job.

Despite rapidly increasing housing costs, Seattle has a higher share of renters planning to settle down, compared to older tech hubs, which might be an indication that it’s a long-term destination for tech workers leaving places, such as the San Francisco Bay Area. 

38.2% of Seattle renters are planning to settle down in the area long-term. Compared to the national average, more Seattle renters plan on settling down in their current metro due to its relative affordability. For reference, only 23.9% renters plan on putting down roots in the San Francisco Bay Area. 

 

Job-First Movers in tech hubs:

  • San Jose – 75%
  • Raleigh – 59.4%
  • Seattle – 51.5%
  • Denver - 49.3%
  • San Francisco – 42.6%
  • Austin – 41.2%


% of renters that plan on settling down in tech hubs:

  • Denver - 45.3%
  • Austin – 41.2%
  • Seattle – 38.2%
  • San Jose – 35.3%
  • Raleigh – 25%
  • San Francisco – 23.9%

Seattle is our home and we are proud of all that it has to offer.  If you have questions or would like recommendation on some of our favorite things to do to experience our city, please contact us at info@allseattlehomes.com.

Posted in Brian's Blogs
April 17, 2018

Columbia Basin Estate with Hidden Wine Cellar and 300ft of Waterfront

Serene Sante Fe style home situated on the Columbia River boasts 5.62 acres and 300 ft of water frontage. Designed by the owner in 2008 and inspired by world travels, the land treasures a 1500 sqft underground wine cellar chiseled into the hillside beneath the home. The unparalleled, architectural detail of the home showcases imported Saltillo floor tiles, viga ceiling beams, emerald countertops and three ceiling height Kiva fireplaces. Additional luxury features include custom solar tube skylights, Bosch appliances, central vacuums and a 4 car garage with heated floors. Guests will be delighted to know there is a private Casita ( Guest House) steps from the main house with an attached, oversized garage and picturesque views from every window. This exclusive estate is centrally located between Seattle and Spokane, and minutes to some of Washington's popular wineries and vineyards. Shown by appointment only. For inquiries and a private tour, please contact Brian Side 206-678-2657.
Posted in Listings
April 16, 2018

3 Bed 3.5 Bath with Guest Casita and 300ft of Waterfront

Columbia Basin Property

Posted in Listings
April 16, 2018

3D Walkthrough of Serene Santa Fe Style home on 300 Feet of Waterfront

Columbia Basin Custom Home with Wine cave, 300ft of Waterfront, a Casita, and 5.6 acres

Click the Picture to Experience the 3D Walkthrough

Serene Sante Fe style home situated on the Columbia River boasts 5.62 acres and 300 ft of water frontage. Designed by the owner in 2008 and inspired by world travels, the land treasures a 1500 sqft underground wine cellar chiseled into the hillside beneath the home. The unparalleled, architectural detail of the home showcases imported Saltillo floor tiles, viga ceiling beams, emerald countertops and three ceiling height Kiva fireplaces. Additional luxury features include custom solar tube skylights, Bosch appliances, central vacuums and a 4 car garage with heated floors. Guests will be delighted to know there is a private Casita ( Guest House) steps from the main house with an attached, oversized garage and picturesque views from every window. This exclusive estate is centrally located between Seattle and Spokane, and minutes to some of Washington's popular wineries and vineyards. Shown by appointment only. For inquiries and a private tour, please contact Brian Side 206-678-2657.
Posted in Listings
March 3, 2018

5 CRITERIA FOR PRICING A HOME

When you put your home up for sale, one of the best ways to determine the asking price is to look at

comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often

relies on comparisons to several recent sales in the area.

Here are five criteria to look for in a sales comparison.

  1. Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.

  2. Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.

  3. Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.

  4. Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.

  5. Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.

Posted in Friday 5
Feb. 8, 2018

Explore Beautiful Seattle from Above: VIDEO

 

Seattle From Above Video

Posted in Brian's Blogs
Dec. 19, 2017

SHORT SALE AND FORECLOSURE: HOW ARE THEY DIFFERENT?

 

As unfortunate as it can be when homeowners fall behind on mortgage payments and must face the possibility of losing their homes, short sales and foreclosures provide them options for moving on financially. The terms are often used interchangeably, but they’re actually quite different, with varying timelines and financial impact on the homeowner. Here’s a brief overview.

 

A short sale comes into play when a homeowner needs to sell their home but the home is worth less than the remaining balance that they owe. The lender can allow the homeowner to sell the home for less than the amount owed, freeing the homeowner from the financial predicament.

 

On the buyer side, short sales typically take three to four months to complete and many of the closing and repair costs are shifted from the seller to the lender.

 

On the other hand, a foreclosure occurs when a homeowner can no longer make payments on their home so the bank begins the process of repossessing it. A foreclosure usually moves much faster than a short sale and is more financially damaging to the homeowner.

After foreclosure the bank can sell the home in a foreclosure auction. For buyers, foreclosures are riskier than short sales, because homes

are often bought sight unseen, with no inspection or warranty. 

 

 

Posted in Brian's Blogs
Nov. 9, 2017

WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU?

Downpayment Strategies

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.

But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE

The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE

The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM

Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.

 

Oct. 2, 2017

Why are home prices going up so fast in King County?

 

Real Estate Real Talk: Why are home prices going up so quickly in King County?

Answer: The Puget Sound region with its booming economy, surrounded by nature, and plenty of activities makes us attractive to lots of newcomers.  We all compete for a limited number of homes, which contributes to higher prices. In fact, the National Association of Realtors estimates that our region is 70,000 units short of meeting the need.  Widening your search to wider areas, or scaling down your square footage requirements, can expand your options until city and county county policy makers adjust zoning regulations so more housing can become available at all income levels. 

Sept. 8, 2017

Synergy Properties Seattle: Client Focused Negotiation Experts

 

Posted in Brian's Blogs