Uncategorized The Business of Philanthropy PSBJ’s choice of Jeff Raikes reminds me of how lucky we are in Seattle to be at the center of the philanthropy “business.” I spent a few moments looking for stats on the local economic impact of these companies, but came up short. I’m all ears if anyone has something to add, but…the impact is […]
Uncategorized Offer Presentation: So, I had an offer presentation last night. I thanked the Seller for allowing me to discuss the offer in person and they thanked me, saying that they had sold five houses, and no agent had ever presented an offer in person. One of them actually said: “I think this speaks to what is wrong […]
Uncategorized Apartment Hunting Best Practices Anyone out there hunting for apartments/single family rentals? Do you care to share your experience? I often hear from people looking for residential rentals, so I’m on a constant search for tools/resources for them. We do find a few rental listings in the MLS (more commonly high-end rental listings). Here are a few other options, […]
Uncategorized FHA continues to fund “flips” Article from Inman News reporting that the FHA will continue to fund purchase transactions for recently “flipped” homes. More interesting to me is the number of buyers who are interested in purchasing such homes. In my experience, during the first couple years of the downturn, buyers were wary of flipped homes, didn’t want to pay […]
Uncategorized Apartment Market Strength Interesting data from PSBJ on the strength of the apartment market in Seattle. I was interested in the 2nd to last paragraph, suggesting that 60% of the currently proposed projects will be built. (I’ll be further interested to see how many of those units convert to condos if we see a lack in supply in […]
Uncategorized Slippery Sidewalks in front of your property? Reminder: You are likely responsible for public safety there.http://www.king5.com/weather/winter-weather/Who-is-supposed-to-shovel-and-maintain-Seattles-sidewalks-137454878.html
Uncategorized Is Cash King? Found myself thinking again this morning about the old sentiment that “Cash Is King,” and how that is only sometimes true in real estate. One place it can be: Foreclosure Flipping. Basically: Person purchases with cash at foreclosure auction, but already has a buyer for the property they don’t yet own. Once they take title, […]
Uncategorized Some Friday fun… http://www.memorise.org/brain-articles/brain-hold-00670.html
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Uncategorized “Market Pricing?” “Buyers should offer what they can afford, not what they think the sellers would take six months from now, after the dip in the stock market and the big storm that knocked the power out down the street.” Alisha Alway Braatz, from the attached article.This is the comment I referenced yesterday. I know my thoughts […]
Uncategorized Foreclosure Heat Map Ready for another map? This one is a foreclosure “heat map.” (and yes, we can help with all types of distressed properties; short sales, foreclosure auctions, and bank-owned properties). It was particularly interesting to see this after first reading an article in an industry “rag” that admonishes buyers to ignore the concept of anticipatory value […]
Uncategorized Current Absorption – via colored coded maps Here’s an image showing the year over year change in the “absorption” of homes for sale in the Seattle area. Think of it this way: At current rates of sale, how long would it take for all the real estate in various areas to sell if no more was listed? If 0-3 months, the area […]
Uncategorized “Calculate ‘paybacks’ before buying furnace Good reminder from Inman News regarding the importance of whole home energy efficiency when considering purchasing a new furnace. I’m not positive the link will work; here is a tidbit: “How efficient any heating system is going to be at keeping your home warm is dictated by how energy efficient the home is in the […]
Uncategorized Green Defined Good reminder here on defining/deciphering “Green” from our friends at Seattle Magazine, hosts of the local “Five Star Professional” list. At least one of you – I don’t know who – nominated me this year; Thank You. If interested, you can find my ad on page FS38 of the current issue, available in newsstands now.http://www.seattlemag.com/article/shelter-green-houses
Uncategorized What do you think about the “new” manufactured homes? What say you about the “new” manufactured homes? “Controlled manufacturing and assembly of homes is long overdue. Almost everything around you is made that way, yet we are still building homes by cutting and fabricating on site. It doesn’t make sense.” – Tryggvi Thorsteinsson (Dwell Magazine, Dec2011/Jan2012)
Uncategorized Why is it so complicated when I consider rental restrictions on the condo I wish to buy? Let’s assume you want to rent it out right away, or want to “know” you can later: -If a condo association allows rentals today and capacity remains unfilled, you may be encouraged, but… -Others may also be encouraged by existing capacity/rules, and may buy in the building specifically to rent, or may hold and rent […]
Uncategorized Interesting data for Seattle real estate owners/investors http://www.bizjournals.com/seattle/print-edition/2011/10/07/wages-rise-in-puget-sound-area-at-5.html
Uncategorized Realty Times – Should I Take My Home Off The Market During The Holidays? This is as well-reasoned an argument I’ve seen on the subject of selling in December. In my open house yesterday, someone asked “isn’t December a terrible time sell.” These are the points I attempted to offer…in 15 seconds. Realty Times – Should I Take My Home Off The Market During The Holidays?
Uncategorized Relocation (primarily to Seattle area) Information I was referred to a family considering relocating to Seattle (thanks, Jack K.). They are interested in schools and a neighborhood primer. Here’s what I sent. Does anyone have tools they like better? “Here are a few links that may be useful:Schools-http://www.greatschools.org/washington/seattle/-http://www.schooldigger.com/Neighborhoods-Seattle and Eastside: see short descriptions on the right: www.schmap.com/seattle/introduction_neighborhoods-Seattle neighborhood blogs: http://www.seattlepi.com/local/neighborhoods/Find an […]
Uncategorized ThriveSeattle Friends, Some of you have wondered if ThriveSeattle is relevant to Seattle only. The “Seattle” part is, but the “Thrive” part – To promote mental, physical, and financial well-being through real estate knowledge – is not. A lot of trends and information that I will share here are applicable in other markets. Certainly, you’ll always […]
Uncategorized 2012 Calendars – Do You Want One? Apologies if you are already subscribed (you “like” it!) to my business page, ThriveSeattle Real Estate (https://www.facebook.com/pages/Michael-Doyle-ThriveSeattle-Real-Estate/152581301431928), where I posted this a few days ago, but…there are some of you who have not yet “liked” that page and I know you want a calendar. Feel free to order here or via email. 2012 Calendars – […]