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seattle real estate: The Naked Truth About Short Sales And Pre-Foreclosures. - 11/17/08 01:20 PM
It looked so appealing on MLS, didn't it. The price is $90,000 below list/sale from two years ago, in a decent and workable area; your buyers are not only qualified but ready to go with their loan package, and the home? On market for 135 days. What could possibly be wrong?
Everything.
From special As-Is bank addendums and prerequisites such as dictating what type of lender and loan the seller will accept, to winterized and locked down homes buyers are expected to restore during the inspection process, greatly extended escrow days and lots of last minute grenades going off before closing and recording, … (3 comments)
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seattle real estate: Why Realtors Say No To Sellers - 06/28/08 12:44 PM
I do not enjoy turning down business this year. Sadly, this has been the case among my sellers. Working in one of the strongest real estate markets left standing (Seattle) just isn't enough to sell a home anymore.
Here's why I've had to say No regarding taking on some of your listings:
The comparable sales in your area from the last six months are all I'm going to analyze. What happened in 2006 and the first four months of 2007 no longer apply.
It is true that Seattle is a beautiful place to live and a U.S. economic standout for 2008. Still, buyers perceive all national news to be bad news … (12 comments)
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seattle real estate: Sellers, The 1970's Called: It Wants Its Inflation/Interest Rates Back - 03/16/08 05:00 PM
That dark cloud looming ahead is not a mirage. The relative quiet and stillness of the moment is actually a vacuum building up dangerous power; when unleashed it could harm alot of consumers.
Let's set aside for just a moment last week's news about the nation's fifth largest investment bank having to take out a 28 day credit line from the Feds. Instead, listen to the printing presses as it begins to release more devalued currency.
It's a couch potato's prediction only, I'm not an economist. I am just a 1970's kid who sat in line with my mother as we waited for our turn at … (2 comments)
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seattle real estate: I'm Concerned About Sellers/Buyers Insanity In Seattle - 01/28/08 02:04 PM
2008 is starting with a whimper in Seattle. All agents/brokers are having to keep ears to the walls and it's the only way to hear anything right now. And yet, Seattle is one of the strongest markets in the U.S. . Our employment and quality of life picture is bright. What is really going on? Are we the last important market to begin feeling the pain? Or is the Seattle market creating it's own downturn, as factors here are so different from the rest of the country? Is this human nature at work and not the fundamentals?
Based on my regional tour of homes for the … (3 comments)
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seattle real estate: I think Open Houses Still Work - 11/10/07 03:31 PM
Had I not been there to open the condo, the offer never would have been made.
The seller approached me after canceling the listing with someone else who had it for five months. I took one look at it and decided it needed three things.
1. Better photos
2. Carpet cleaning/paint in the master bedroom.
3. Open houses.
Seller hired carpet cleaner I recommended. My assistant and I painted the master. It took about a day and a half plus three coats, as the previous color was Hot Pink.
We placed it on market and did two open houses. It sold in six days. How?
A young couple was … (5 comments)
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seattle real estate: The Sky Is Falling In Seattle!! Oh, Wait A Sec......... - 10/12/07 11:36 AM
Yes, a new real estate cycle is turning it's little wheels in Seattle, for now. We are hearing so much negativity about sellers not being able to keep all of their 160k-200k profit from the last two years. They actually have to negotiate with buyers, lately! Mon Dieu! Most will shed a tear, we feel your pain. Well, Not. You see, greed is not good. And it can contribute to the short-term destruction of a marketplace. But I digress. This post is not about overpriced listings, although it should be.
This is about the Doom And Gloom scenarios people just love to … (10 comments)
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seattle real estate: Lessons I've Taken From The Music Industry Part 1. - 07/03/07 01:41 PM
The heyday or apex of the music business was 1999-2000. Fat from CD technology, back when you replaced your cassette, vinyl and eight track (!) collection, record labels could do no wrong. These were the golden years, and money poured into the system. And my promotions company fed from the trough.
Today, the recording industry is in shambles. It simply will not change with the times. Fortunately, I bought a few houses before the meltdown. In fact, Suge Knight's marketing department helped buy my first fixer in Seattle! And I learned some new applications for real estate marketing. Maybe you can benefit … (1 comments)
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seattle real estate: Reprint Of RE/MAX MainStreet Article Re: 60 Minutes Interview/Red Fin - 05/26/07 12:23 PM
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seattle real estate: Ok Red Fin, The Gloves Are Coming Off.. - 05/14/07 03:30 PM
So you are looking to "destroy" the real estate industry model......oh really. That is what the CEO said on 60 minutes, right?
So let me be the first to say, I am officially announcing my effort to obliterate yours!
I know bussers in restaurants who make more than your licensed people. At $29,000 salary per year, Red Fin certainly knows it's value to employees! Pass the butter, please, and after delivering water feel free to send that offer!
For my latest listing, the luxury home is up against 57 similiar houses in an excellent area. No Red Fin listings are among them, thankfully. But if there … (13 comments)
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seattle real estate: Your Client Is Not a Serious buyer/seller When..... - 05/12/07 12:46 AM
Your Client is not a serious buyer/seller when:
They ask or say or proclaim:
"how much money are you making over this?"
"Are the curtain rods included?"
They need to extend inspection period to throw a video robot down the sewage pipes (true request!)
Backed out of deal over difference of five days for closing date
"Let's look at houses anyway, my grandmother will put up quick qualifying down payment!"
"Sure that other listing needs paint, carpets, and doesn't have your stainless steel appliances, but can you accept same price?"
"This is a half bath, not quarter bath, dammit"
Have you write an offer of 50k less because it's been … (8 comments)
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seattle real estate: A Red Fin Update - 03/20/07 04:57 PM
Two weeks ago I posted a blog about why Red Fin's business model does not currently work. Among several comments I made included a big sticking point of mine, which is how Red Fin requires it's "clients" to call listings agents and try to get us to open the houses for their buying agent (Red Fin). I also noted how impossible this strategy was in dealing with a listing agent such as myself, as I refuse to do the work of a buying agent (when I list).
The feedback and comments received ranged from total agreement to despair about the current market in slowing … (1 comments)
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seattle real estate: A Guide To Realtor / Client happiness. - 08/14/06 03:38 AM
Dear Clients Everywhere,
Your purchase or sale is the lifeblood of our careers. No two ways about it, without someone to represent, we are truly nothing! In most cases, we remember this and make absolutely sure we are timely, patient, adaptable, negotiable, pleasant, loyal and able to negotiate and close anything on your behalf. Sadly however, the Industry is changing so quickly that it seems there aren't enough guidelines out there to express in advance what your realtor needs in return, for a happy and healthy busiiness relationship. And no, it's not just the commission. Far from it.
The media spends so much … (0 comments)
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Gene Dexter, Seattle Realtor
Seattle,
WA
More about me…
Asset Realty
Office Phone: (425) 250-3301
Cell Phone: (206) 604-1276
Email Me
The song stylings and pointless riffing about real estate, brought to you by that jazzy agent and Industry observer, Gene Dexter @ www.GeneDexterHomes.com !
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