One of my clients, a home seller, just contacted me because he’d received a letter from the escrow company handling the closing of the sale on his home. Was he supposed to give the information requested on the form to this particular escrow company? Escrow companies traditionally send a letter to each party in the transaction, buyer and seller,…Read More »
I asked Steve Tedrow of Windermere Mortgage Services to give his opinion, along with some of the facts, about the new tax credits available to first time home buyers. The program is part of The Federal Housing and Economic Recovery Act of 2008. Here’s what Steve said: “I think first time homebuyers need to take…Read More »
This is really bad staging, but it’s nothing compared to the staging problems in this video on the Sellsius real estate blog . Here’s an example of bad decision-making and really bad home staging combining to create a terrible home selling situation. Something like what’s portrayed in the video rarely ever happens, but home sellers should take the right steps to minimize any problems. …Read More »
I recently received an email from a buyer who was interested in a new construction neighborhood in an area where I actively sell homes. This buyer wanted to know whether to buy new construction in this market. Here’s what I told him to consider in this market: Pick the best of…Read More »
Sellers had a 12.7% chance of selling a condo on Seattle’s Eastside in July of 2008. ( click on 2008 year to date statistics in the link above for a chart showing the condo report) July, 2008 1476 condos for sale, 187 condos sold, 12.7% chance of selling. June, 2008 1427 condos for sale, 194 condos sold, 13.6% chance of selling. May, 2008 1472…Read More »
The chances of selling a home on the Eastside in July 2008 ranged from a low of 5% to a high of 16%, with an average 12.5% absorption rate. (The absorption rate is the number of homes for sale in any given month divided by the actual number of homes sold that month.) Numbers will be rounded off to the nearest whole number,…Read More »
The following is excerpted from a press release from Margaret Nicoll at Gruman-Nicoll and Tami Elwin at Schnitzer West: Top-Rated Luxury Brand To Open First Northwest Boutique at The Bravern BELLEVUE, WA August 5, 2008 – When Schnitzer West opensThe Shops at The Bravern in September 2009, it will be home toBottega Veneta, rated the…Read More »
Look for information on Google? Duh! It’s second nature to all of us these days, but here are some other ideas about how you can you use Google in real estate. Kris Berg’s piece on Inman News blog talked about a multiple offer situation in which the agents bringing the offers were googled. The agent who didn’t…Read More »
Craig Newmark, the founder of Craig’s List, a frequent guest at Inman Real Estate Connect, stole the show once again on the opening day of SF Connect. Craig is witty, self-deprecating, honest, interesting, and involved politically. Last Inman Connect, Craig described himself as “The George Costanza of the internet.” At the recent Inman Connect,…Read More »