Seattle King County Real Estate News

April 11, 2019

How Millennials and Boomers Are Changing Real Estate!

 

Millennials are now searching for a home to turn into a family nest, while baby boomers are looking for a place to downsize. These two dynamics are starting to play out at both the low- and high-end of the real estate market.

 

Millennials are commonly defined as those currently between the ages of 22 and 37. While baby boomers are those born in the mid-20th century. Millennials typically prefer urban living while boomers prefer suburban living. However, preferences are now shifting. According to the Pew Research Center Studies millennial households spiked to 28 million in 2016, a steeper increase than any other age group. In the same year, over one million millennial women become first-time mothers. Once children are in the picture, there are now “family needs”. Which leads these new parents to move into a more residential, family-oriented area. The majority of these millennials expect to purchase a home in the next five years and over half of them are in the market for the first time.

 

Baby boomers, on the other hand own nearly $13 trillion of U.S. real estate—or two out of every five homes in the country, according to a Fannie Mae report. However, that is predicted to change due to the pull of rentals and senior facilities, and when retirement creeps in and children move out. While buying smaller properties may sustain the high rate of baby boomers’ home ownership, the altogether departure from it might already be underway. Baby boomers are said to be the fastest growing segment of renters. Studies show that baby boomers’ homeownership has slumped in 34 of the nation’s 50 top markets from 2010 to 2017.

 

Even though Millennials and Boomers are looking for different things when it comes to real estate. They both have a major impact on the real estate market since combined they make the majority of the clientele and play out at both the low- and high-end of the real estate market.

 


Click the link below to read more on how millennials and boomes are changing real estate:

 

https://robbreport.com/shelter/spaces/how-millennials-and-boomers-are-changing-the-real-estate-market-2825730/

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

Click the link below to visit our website and read more about the Seattle King County home Team:

 

http://www.seattlekingcountyhomes.com/team/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of MARCH!  

 

3/28/2019            Tiffany and Eric  Bell

 

3/28/2019            Michael and Misop Lessard

 

3/29/2019            Chloe Yester

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of APRIL!

 

 

 

4/11/2011            Charlie and Melissa Liu

 

4/19/2012            Rick and Monica Ioset

 

4/04/2013            Charice Pennie

 

4/26/2013            Omar and Amanda Vega

 

4/04/2014            Catherine Kayo  Yoshimoto

 

4/11/2014            Whitney Showalter

 

4/16/2015            Neil William Cates

 

4/28/2015            William C Chamberlain and Alice Katrina May

 

4/04/2016            Jeannie Shek

 

4/08/2016            Rebekah Cason and Vikram Sami

 

4/14/2017            Pamela Curlee

 

4/21/2017            Craig and Robin Ware

 

4/28/2017            Sarah Getter

 

4/06/2018            Nick Musso

 

4/25/2018            Jon Butler

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

April 11, 2019

Seattle Approves New Airbnb Policy!

 

The new Airbnb policy that was passed by the Seattle City Council states that new operators in Seattle will not be allowed to rent out more than two units using Airbnb or any short-term rental platform. The council informs us that the regulations have been placed as an effort to provide a bigger market for the city’s permanent residents who are looking for long-term rentals, and to prevent property owners from operating Airbnb’s and other short-term rentals as hotels.

 

The new rules limit hosts to two dwelling units each and require them to obtain special licenses to operate short-term rentals. The regulations also require short-term rental platforms — like Airbnb, HomeAway, and VRBO — to obtain a special “platform license” to facilitate bookings in Seattle. However, some Airbnb hosts are exempt from the two-unit maximum. For example, if hosts already operating a short-term rental in the “Downtown Urban Center” (south of Olive Way and north of Cherry St.) will not be subject to any limits on the number of units they can rent. Outside of the downtown core, hosts who were already operating a short-term rental by Sept. 30, 2017 will be permitted to rent out their primary residence and an additional two units. Any new Airbnb hosts are limited to just two units total.

 


Click the link below to read more about the new Airbnb policy:

 

https://www.geekwire.com/2017/seattle-approves-new-airbnb-regulations-limit-short-term-rentals-2-units-per-host/

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

Click the link below to visit our website and read more about the Seattle King County home Team:

 

http://www.seattlekingcountyhomes.com/team/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of FEBUARY!  

 

2/07/2019           Charice Pennie

 

2/27/2019           Kimberly Potterfield

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of MARCH!

 

 

 

3/01/2012            Kelly and Kathleen Bennett

 

3/26/2013            Loy Kalepo

 

3/29/2013            Barb Grubb and John Williams

 

3/29/2013            Jami Armstrong and Katie Auger

 

3/29/2013            Janie and Chris Koch

 

3/11/2014            Rudy Woods

 

3/18/2015            Steven Michael Golbeck and Tatjana Nijemcevic

 

3/25/2015            Brian Truong

 

3/18/2016            Jeff Berg

 

3/25/2016            Thomas O’Connor

 

3/31/2016            Desiree Alva and CJ Tolton

 

3/07/2017            Kris and Joann Ware

 

3/14/2017            Kelvin Guan

 

3/14/2017            Paul and Joanna Lyons

 

3/15/2017            Craig and Leilani Raglin

 

3/31/2017            Megan Kim and Stephen Hong

 

3/01/2018            Greg and Christine Gunlogson

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

Feb. 3, 2019

New Year, New Expectations!

 

Attention all! There are going to be changes to the market in 2019. If we look at last year’s market, home price growth continued to skyrocket through the beginning of 2018 and began to slow down and stabilize in the second half of the year. There were fewer buyers entering the market, mostly due to rising interest rates issued by the Federal Reserve. This year consumers shouldn’t expect a massive number of homebuyers flooding the market and driving prices through the roof, however it’s also unlikely to be a crisis for home sellers.

 

If you are not quite ready to part with your home in 2019, you must realize that it won’t be another five years or so until the market for sellers stands where it is now. If you’re considering listing your home, don’t play the waiting game. Here are some reasons to sell your house in 2019.

 

New buyers are still entering the market.  According to the National Association of Realtors, more than one-fifth of Americans between ages 18 and 34 said they plan to buy a home within the next 12 months. Already, millennials make up the largest share of homebuyers at 36%. With this information, it is also important to know a few details. As interest rates rise, some buyers will hesitate to make an offer on a home or apply for a mortgage, so you should expect occasional drops in buyer activity. If your house is at the higher end of the price range in your market, you should expect less buyer interest than before. Note that the combination of rising mortgage rates and home prices exceeding buyers' budgets are what has caused the slowing of homebuyer activity in recent months. You might expect your house to be on the market for a little longer than 30 days.

 

From a Sellers perspective, this might sound like it’s not the right time to list you home, but it is. Even with rising interest rates, buyers who are ready to make a purchase will still shop for homes. They rather own than rent. As mentioned before, the biggest wave of new homebuyers will be among millennials, who are mostly first-time buyers. With a sudden leap in mortgage interest rates is unlikely in 2019 but you should be ready to see rates continue to climb in the upcoming years.

 

Overall, if you’re on the fence about selling this year, now would be the time to list it. Given the unknown election coming up next year, we should expect major changes, which will impact the housing market.

 

 

 

 

 

Click the link below for my 2018 Five Star Real Estate Agent Award video:

 

https://www.youtube.com/watch?v=bvGbe8l_4uo&feature=youtu.be&fbclid=IwAR2EXf9GTTcG2ZoosD2ho6C-70FE8ECjQsP5DSXw7_BuHnxgDycqH-_chMM
Click the link below to read more about this reward:

 

https://www.fivestarprofessional.com/awardwinners/SEARE

 

 

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

Click the link below to visit our website and read more about the Seattle King County home Team:

 

http://www.seattlekingcountyhomes.com/team/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of DECEMBER.   

 

12/12/18 Justin and Valerie Horvath

 

12/13/18 Peter Tran

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of JANUARY!

 

 

 

1/19/2012            Vijay and Veni Rangarajan

 

1/09/2013            Jia Zeng and Yen Khong

 

1/18/2013            Amber Miller

 

1/25/2013            Steve Lee

 

1/08/2014            Meghan and Danny Stallings

 

1/16/2015            Chris Schwendiman

 

1/20/2015            Jeffrey Ducharme

 

1/21/2015            Michael Braden

 

1/22/2016            Kris and Joann Ware

 

1/09/2017            Cobie Davin

 

1/19/2017            Sara and Jasen Thomas

 

1/16/2018            Kevin Marshall

 

1/18/2018            Grant Thomas Slatton

 

1/23/2018            Michael Black

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

Dec. 11, 2018

Kham Beitlers wins the 2018 Five Star Real Estate Agent Award!

I am so proud to announce that I have been nominated as the Five Star Real Estate Agent for 2018. I have been selected among thousands of agents based on client reviews and feedback. Five Star Real Estate Agents represent those who are outstanding in their field. The winning agents are selected as a result of a rigorous and objective research process. For any market, each year’s field of winners represents no more than 7% of agents within the market.  

 

A huge thank you for trusting me in your real estate needs and for choosing me as your agent. I strive to make your home buying or selling journey a one of a kind experience, award like these motivate me to continue being the best agent I can be. Thank you!

 

Click the link below for the video on my award:

 

https://www.youtube.com/watch?v=bvGbe8l_4uo&feature=youtu.be&fbclid=IwAR2EXf9GTTcG2ZoosD2ho6C-70FE8ECjQsP5DSXw7_BuHnxgDycqH-_chMM
Click the link below to read more about this reward:

 

https://www.fivestarprofessional.com/awardwinners/SEARE

 

 

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

Click the link below to visit our website and read more about the Seattle King County home Team:

 

http://www.seattlekingcountyhomes.com/team/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of NOVEMBER.   

 

 

11/13/2018 Michael Zoch

 

11/16/2018 Jon and Donna McMurtrey

 

11/28/2018 Matt Bailey

 

11/30/2018 Molly Brueggeman

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of DECEMBER!

 

 

 

12/29/2010         Annie Gu

 

12/10/2012         Theresa Simolin

 

12/14/2012         Peter and Connie Gallagher

 

12/13/2013         Ha Nguyen

 

12/19/2013         Jeff Powel and Qi Wang

 

12/24/2013         Denise and Sydney Brown

 

12/11/2015         Tenzin Ghongpa

 

12/18/2015         Stephanie and Andrae Ross

 

12/23/2015         Caitlin Roper and Anthony Fernandez

 

12/28/2015         Vu Anh Vo

 

12/30/2015         Michelle Esteban

 

12/08/2016         Megan and Stephen Hong

 

12/16/2016         Nico and Jason Diem

 

12/16/2016         Arturo Ramirez and Cody McDonald

 

12/21/2016         Rob Allen and Dorothy Cheng

 

12/30/2016         Aisyln Angell

 

12/21/2017         Caitlin Anne Luebbe

 

12/28/2017         Mark Sieklucki

 

12/28/2017         Aubre Murray

 

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

Nov. 16, 2018

Happy Holidays!

 

The Seattle King County Home Team would like to wish you and your family Happy Holidays this year! As we approach the end of 2018 I like to take the time to thank each an everyone of you for trusting me and my team to assist you in your real estate needs. This year has been quite a journey, It has brought new friendships, and experiences. One of those new experiences was becoming a mother to Logan. After Logan was born I decided to stay home and work part time recover and to tend to my son.  After a few months I have been working my mommy schedule in with my work schedule and I am now excited to announce that I am back to working full time.

 

Again, a huge thank you to for those of you who stuck by my side and trusted my team to help you through your real estate journey. The Seattle King County Home Team is here to serve and help you as best as we can. We look forward to ending the year strong!

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

Click the link below to visit our website and read more about the Seattle King County home Team:

 

http://www.seattlekingcountyhomes.com/team/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of OCTOBER.    

 

10/05/2018         Mark and Raquel Babcock

 

10/10/2018         Mark and Raquel Babcock

 

10/23/2018         Adel Islam

 

10/24/2018         Deanna Gimmi

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of NOVEMBER!

 

 

 

11/01/2012         Srini and Shanthi Raghavan

 

11/28/2012         Joe and Caryl Culumber

 

11/17/2014         Jennifer Juno

 

11/06/2015         Peter Tran

 

11/20/2015         Socrates and Kay Kay Chan

 

11/30/2015         Barbara Watanabe

 

11/23/2016         Sandy Luckett

 

11/29/2016         Anthony Sayasack

 

11/10/2017         Meghan Zech and Gionata Salemme

 

11/10/2017         Jami Armstrong and Katie Auger

 

 

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

Nov. 16, 2018

Grants and Programs for Homeowners

 

I would like to share some insight on what grants and programs are available to you as an aspiring homeowner. It is important that you do a thorough research and take the right steps to educate yourself as a new homebuyer and learn how to purchase and maintain a home. 

 

Commission-sponsored homebuyer education seminars are the first step in purchasing a home.  They are free and open to the public. These seminars include information about the Commission's first mortgage programs, downpayment assistance, and other loan programs; and are accepted by all affordable housing loan programs as meeting or exceeding educational requirements. Although It is highly encouraged to take an in-person class, a self-study course online is available as well.

 

Please see the list below for a few of the programs that are offered to you. Note that each program is different and caters to different situations. To match you with the most accurate and suitable program for you it is crucial you have a one on one consultation with loan officer that offers the following programs. If you need me to refer you or someone you know to a loan officer I will be happy to do so.

 

·         DPA (Down Payment Assistance Program)

 

·         Home Advantage Program

 

·         Opportunity Program

 

·         House Key Opportunity Program

 

·         Habitat for Humanity Program

 

Please visit: http://www.wshfc.org/buyers/index.htm for more information on the requirements and benefits of each program.

 

Are you looking to buy, or do you know someone who is? I would love to talk to you about the homebuying process, what to expect, and guide you in the right direction. We also cater to Spanish speaking clients. My assistant Andrea Roman is fluent in Spanish so if you have any referrals that speak Spanish, please send them our way.

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of SEPTEMBER.    

 

 

 

9/21/18 Alex Reid and Sally Bollen

 

9/28/18 Amanda Jonientz

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of OCTOBER!

 

 

 

10/13/2011         Russ Broeckel

 

10/05/2012         Nanci and Gary Pickrell

 

10/29/2013         Henry and Carmen Tran

 

10/06/2014         Minh Thai Do and Mai Thi Thuy Truong

 

10/15/2014         Marti Jonjak

 

10/23/2014         Beb Santo

 

10/30/2014         John and Sonia Choi

 

10/02/2015         Albert Torres and Sarah Burai

 

10/09/2015         Joe and Yuan Uccello

 

10/09/2015         Elizabeth Joseph

 

10/22/2015         Duong Thai Do and Thao T. Pham

 

10/23/2015         James Porter

 

10/26/2015         Naoki and Laura Iwane

 

10/11/2016         Mark Siwek and Audrey Udashen

 

10/11/2016         Katie Benjamin

 

10/27/2016         Jason and Nico Bonincontri

 

10/27/2016         Jeff and Jamie Willougby

 

10/10/2017         Sandra  Bilbrey

 

10/24/2017         Jordan Cox

 

10/31/2017         Greg and Christine Gunlogson

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

 

 

Nov. 16, 2018

Addition To Our Real Estate Family

 

I would like to introduce our new addition baby boy Logan Oskars Beitlers to our real estate family. He was born on Thursday, August 9, 2018 and weigh 8 lbs, 3 oz. He was a week early but a big healthy boy and has been such a joy to have and to hold. I wanted to take the time to thank you for your support in during my pregnancy months and for trusting my team with your real estate needs. We also hired a couple more agents to our Seattle King County Home Team so we can keep the quality of service exceptional for our clients. Just know that I will be on the sidelines checking emails and doing contracts which my team will be on the field assisting with the home tours and listing consulting. I will be back on my feet in a couple months. Parenthood is a full-time job in the beginning and they are right, sleep is also a luxury. Thanks again for your business and we are here for you and anyone you send our way.

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of JULY.    

 

 

 

7/18/2018 Alex and Sally Yan

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of AUGUST!

 

 

 

8/03/2012            Railene and Joe Thrasher

 

8/06/2012            Alison Hale

 

8/23/2012            Jeff Cohen

 

8/29/2014            Ryan Cook

 

8/07/2015            Cathy Wong

 

8/18/2015            Kevin Shek

 

8/20/2015            Wing Ming Chan and Ken Li

 

8/09/2016            Esther DuRussel

 

8/15/2016            Alex Yan and Chris Liang

 

8/19/2016            Sheena Burke

 

8/09/2017            Stipe and Jenifer Karacic

 

8/10/2017            Brent and Sandra Jussel

 

8/11/2017            Samuel Tyler Medick

 

8/14/2017            Nelson Rojas

 

8/16/2017            Robert Lee and April Burger

 

8/29/2017            Jeff McMahon

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

 

 

July 19, 2018

Housing Market Slowing Down This Summer

 

Housing prices have recovered greatly since the last recession, but the speed of that recovery could be slowing down soon. Over 100 real estate experts and economists were surveyed about the state of the housing market. More than half say they expect a slowdown in the market by 2020.

 

Currently, the King County real estate market is experiencing some changes. Homes are now staying on the market longer, when only a few months ago listings went pending after just a few days on the market. This is due to the influx of new listings hitting the market at the same time.

 

 In 2016 and 2017, the appreciation in the greater Seattle area was around 13%. Early this year, home prices were at an all-time high since the inventory was low and buyers were competing with other buyers for whatever that was left on the market.

 

Going forward with the rest of the year and entering 2019, we are expecting the home prices to stable off. So, if you are planning to sell this year the home must be well-presented and strategically priced since you are more than likely to receive fewer offers.  If you have any questions regarding your market value for your house or about the current real estate trends that are currently happening, please call or email me.

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of JUNE.    

 

 

 

6/05/2018 Susan Jennings

 

6/22/2018 Lani and Jared Emery

 

6/26/2018 Brian Truong

 

6/29/2018 Alex and Sally Yan & Chris Liang and Kelly Wong

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of JULY!

 

 

 

7/12/2011            Pei Ho

 

7/28/2011            Daniel and Kunthida Matteson

 

7/12/2013            Alan and Lien Vu

 

7/26/2013            Jessie Kimes

 

7/08/2014            Jeremy Frank

 

7/07/2016            Brian Barker

 

7/22/2016            Omar Muhammad

 

7/27/2016            Aster Alconcel

 

7/05/2017            Youngji Kim

 

7/24/2017            Michelle Topel

 

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

 

 

June 19, 2018

Seattle’s condo shortage!

 

Seattle’s condo shortage! 

 

Why are condos a great factor to the housing economy? The ultimate reason is the price entry point for homeownership is more achievable. Studies show that in Seattle, the average condo price was two-thirds the price of the average single-family home on the market in April. Even when considering the condominium homeowner association dues, it’s still a much more reasonable price point. Especially for people looking to buy their first home.

 

The circumstance is only getting worse since condos are not being built. Senior Research Associate Margaret Morales said, “Seattle had only several condominium projects built over the last five years,” The One88 tower was Bellevue’s first condo project in nearly a decade. And at one point in 2017, there were just 355 condos for sale in King County, compared to nearly 3,500 in 2008.

 

Even with these clear benefits and outstanding demand for condos. Why do developers still shy away from condo construction? One of the major reasons is due to the Washington state’s Condo Act. Washington state had to basically modify the state condo law due to the insurance costs and the risk of litigation.   

 

In addition to all these factors, there's only so much room to build in Seattle. It's bounded by water and mountains. The city also has strict regulations when it comes to building apartment and condos, and at least 70% of the land mass in the city is zoned for single family homes. Realtor Association and law makers are working to find a way to improve more condo housing in certain area without affecting too much of our current zoning.

 

For more information on what solutions legislators are working on to address the crisis visit: http://www.nwrealtor.com/2018/06/08/legislators-offer-solutions-to-housing-inventory-crisis/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of MAY.    

 

5/08/2018            Mike and Janet Showalter

 

5/11/2018            Jared Johnston

 

5/17/2018            Geoff and Sopia Wallace

 

5/18/2018            Muhammad and Khushid Islam

 

5/31/2018            Sam Mark and Maddie O'Brien

 

5/31/2018            Tina Sourinephoumy

 

5/31/2018            Zack Pipkin

 

Happy Home ANNIVERSARY to my seasoned clients for the month of JUNE!

 

6/28/2012            Jeffrey Ducharme

 

6/29/2012            James Kendle

 

6/18/2013            Jason Dempsey

 

6/21/2013            Emma Buneci and Saul T. Amezcua

 

6/25/2013            Chao Zhang

 

6/30/2014            Mark and Teresa Friden

 

6/15/2015            Jarrell Taurean Nelson and Andrea Amber Hodges

 

6/23/2015            Sang Ho Lim

 

6/25/2015            David Jernberg and Christina Ferguson

 

6/15/2016            Sakhon Hang and Sourn Leng

 

6/16/2016            Gabriella Hong

 

6/17/2016            Tom and Shirley                Short

 

6/28/2016            Raymond Chan

 

6/02/2017            Anders Simmons and Alison Kairis

 

6/05/2017            Debra Farmer and Robert Kulapaditharom

 

6/08/2017            Marie Sears and Ethan Hua

 

6/09/2017            Geoff Kaiser and Jeanne McCarthy

 

6/23/2017            Cyrus Ednesajjad

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust. 

 

May 17, 2018

Seattle home buyers need to be prepared for rejection!

 

Being in real estate for 12 years, I have experienced the changes in the real estate market. Now homes frequently sell for well over asking and receive multiple offers in certain areas. Buyers are typically making four to five offers before they land a house. There is a lot of emotional energy from buyers when they really like a home and want to put an offer on it. I, as their Realtor try my best to come up with an offer that will be appealing to the seller yet will protect my buyer. Preparing the right offer terms is one of the keys to winning the home.

 

 

 

Home prices in Seattle are rising nearly 13% in February from the same time a year ago. This has led to an affordability crisis, and the truth is there are more people looking to buy homes than there are homes available for sale. Seattle's population has been rapidly growing recently thanks in part to its large homegrown businesses like Amazon and Starbucks. These large businesses play a major role in Seattle's economic growth and strength because they employ more than 40,000 workers at its Seattle headquarters.

 

 

 

Home values in King County, which is where Amazon is located, have appreciated twice as fast as the national average. According to ATTOM the average annual home price appreciation from 1995 (when Amazon first launched) to 2018 was 6%. Over the same time period, the national average was just 3%. Due to this home market change, it is more common for buyers to expand their search. Most will have to face the fact that they can’t afford living in the area they initially hoped for.

 

 

 

Despite being a seller's market, Seattle homeowners are hesitant to sell. Why is this?

 

Last year, the city was among the best markets to sell a home, and the average home seller return on investment was 64%, even if they get a good price, sellers are struggling to find a home to trade up to.

 

While the demand is clearly present, there's only so much room to build in Seattle. It's bounded by water and mountains. The city also has strict regulations when it comes to building apartment and condos, and at least 70% of the land mass in the city is zoned for single family homes.

 

 

 

For more information on Seattle’s market data visit: https://www.attomdata.com/

 

 

 

I would like to take this time to thank and CONGRATULATE my buyers, sellers and investors for the month of APRIL.    

 

 

 

4/06/2018 Nick Musso

 

4/25/2018 Jon Butler

 

 

 

Happy Home ANNIVERSARY to my seasoned clients for the month of MAY!

 

 

 

5/27/2011            Rudy and Sally Zamora

 

5/07/2012            Sarah Hertzog

 

5/07/2013            Jun Shao

 

5/08/2014            Isseth and Gerson Ruiz

 

5/07/2015            Jerome Sudoy and Anna Lyn Sale Del Castillo

 

5/11/2015            Kurtis D and Lysa A Walls

 

5/20/2015            John and Brooke Witt

 

5/21/2015            Willie S Canilang and Kathreen Rosario

 

5/28/2015            Sharon Tillmon

 

5/13/2016            Melissa Liu

 

5/31/2016            Tina Sourinephoumy

 

5/31/2016            Jason Lunasin

 

5/03/2017            Ed Rejzek and Rachel Cichowski

 

5/12/2017            John Peeler

 

5/22/2017            Hyunjun Kim

 

5/30/2017            Hassan Ouassou and Hasna Charbadoui

 

 

 

If you know of anyone looking to buy or sell, please email me and I will gladly assist them. You will receive a $250 Amazon gift card at closing. Thank you for your trust.