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1534 1st Ave S. Seattle, WA - Half Block S. of Baseball and Football Stadiums
Here is positive proof that the real estate economy is rebounding, at least in the commercial real estate sector of the Seattle-Metropolitan area. The Short Sales and Foreclosures are beginning to tighten and REO's are getting faster response times for closed transactions, and apartment rentals seeing the first increase in rents in over two and a half years.
This stabilization is normally forecast by the California market picking up, then Seattle is usually 6 to 8 months behind them, but not in this case, with the large increase in Jet orders at Boeing, Amazon's Jeff Bezos restructuring and expanding, Microsoft's new CEO Steve Ballmer spear heading some great new products ahead, and all the key players in Seattle who make the Pacific Northwest their headquarters for some of the nations most recognized companies. Expedia, Zillow, Diapers.com, F5, Starbucks, Nordstroms, Costco, RealNetworks, Safeco, Weyerhaeuser, REI, MSNBC, Getty Images, Classmates.com, Drugstore.com, Redfin, Cutter & Buck, Eddie Bauer,
Tommy Bahama, Rhapsody, Expeditors International, Alaska Air, Clearwire, Coinstar, Nintendo, Oberto Sausage, Raleigh USA, T-Mobile USA, Paccar, Holland America, Union Bay Apparel, Sur La Table, Dendreon, and much more...
Buying? , Investing?, Selling? Seattle is one city to watch on the up and coming fastest cities to bounce back from the poor years of 2008-2011 gloom.
 Sonny Kwan  (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
1. Location
Are you looking to rent to college students, singles, couples or families?
Check with the nearest schools to see what the current rents are before
diving into making a commitment on a neighborhood. Look into how
walkable the location is to shopping or the proximity to public transportation.
2. Loans
Interest rates are the lowest in decades on mortgages right now,
it is important to consider the interest rate on an owner occupied
home versus non-owner occupied home. Lenders are typically more
stringent with investment property loans, they can require a greater
down payment and have a higher interest rate, sometimes requiring
up to 30% down payment. Consider investing in a multi-family residence
such as a House with separate entrances or a duplex. If you live in one
of the units, you’ll qualify for loans with owner-occupied rates. Buying
a single family home and having a vacancy equates to 100% vacancy.
Buying a Triplex ( 3 Unit House ) and having one vacancy equates to
only a 33% vacancy, which makes a lot more sense if it only takes a little
more in down payment for the cost of the triplex.
Downtown Seattle Highrise Condominiums
3. Property Taxes
One of the costs to consider in investment property is the heavy tax burden. if the property isn’t your main residence, you don’t always have the tax advantages of a typical homeowner, Unless you occupy one of the units as your own primary residence. Consult with your tax accountant to verify the consequences favorable or unfavorable towards your annual taxes.
4. Maintenance
Taking some classes at your local Home Depot or hardware store for tips and
techniques to learn how to fix things on your own will save you tons of expensive repair bills. or if something breaks, Keep a number of several handy men who can come fix the problem at a last minutes notice. Certain items that are dependent on everyday necessities are required by law to be repaired within 24 hours of the tenant's complaint, such as water, electricity or heating.
5. Getting the units Advertised
Craigslist is the single largest rental site to list your property, or Fsbo2Asia.com if you want to rent to people who have students going to school in the U.S. that have parents with deep pockets to pay for their children's rent, that is if you want to attract college students or young professionals. The local newspaper classified ad which can be expensive and do very little to get your place rented, or a flier in the neighborhood, or a property management service, which can also oversee rent collection and repairs for 8-10% of your monthly rent.
Triplex in West Seattle Neighborhood
6. What Should I Charge for Rent?
After calculating your mortgage, taxes, insurance, repairs, association costs and other typical expenses, it's important to investigate what other comparable properties are renting for to see if your potential investment is viable. Try using a free website called Rentometer to see the rent in your neighborhood. One trick is to place several different ads. Price one at $750 and have them ask for Peter, another ad for $850 and have them ask for Paul. If you start getting more calls asking for Peter, then delete the ad for $850.
7. Price to Rent Ratio Formula
The price-to-rent ratio tells you whether it's more expensive to own or rent a home in a particular neighborhood. To calculate it, take the median purchase price of a home in a neighborhood and divide it by the annual rental payments that similar properties generate. If the ratio is between 1 and 15, it's much less expensive to own than to rent. If the ratio is between 16 and 20, owning a home is more expensive but might still might be a good investment, depending on your situation. If the ratio is higher than 21, owning a home is much more expensive than renting. If it’s cheaper to buy in that neighborhood, know that renting your property could pose some challenges.
8. Condo Versus House
Houses have been better investments than condos because of appreciation, since they are more likely to increase in value because with a condo, there is just so much you can do to make one condo worth more than the one next door. Houses, you can add a deck, an addition to expand the bathroom, etc.., Condos are easier to manage, for first time investment property owners, they tend to have fewer mainenance costs than houses because the condo association or HOA takes care of the building exterior and landscaping,
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
Monroe, Washington was once a thriving city on the Stevens Pass Highway
for the Great Northern Railway. Now with the overgrowth of many areas
outside of the Seattle City Limits, It has again become a great city that is
expanding rapidly with companies looking for commercial retail space within
a 30 minute commute from Seattle.
The City of Monroe was named after the nation's fifth president, James
Monroe. The city has been in existence since the early 1893's and continues
to be a vital stop over city on the way into the coastal cities such as Seattle
when travelers head over the Cascades over the Mountainous pass.
Here is a great opportunity for own a piece of Downtown Monroe, WA.
Sitting on 8 city lots , this 22,000 plus square foot lot is home to an
approximately 9,000 structure that is a perfect location for a new or existing
commercial ran business in the heart of Downtown Monroe, Washington.
221 S Lewis St. Monroe, WA MLS 310332 CBA 510610 $750,000
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
Trust - This is a word that we often think about in ourselves as
being a trustworthy person or hope people perceive us to be
that type of person when it comes to business and social life.
I am one of those people who never trust anybody, yet also trust
everyone. Okay, I know, it sounds contradictory to the fact, You ask,
" Sonny, How can you say you trust everyone, yet trust no one"?
When someone says " I will be there at 5:00pm. I trust that they will
keep by their word and show up at 5:00pm like they said, not 5:01 or
5:23 or even 4:55, to me 5:00pm means 5:00pm. If you are early,
wait in your car until you know it will take you approximately two minutes
to get in an elevator and walk in the door at exactly 5:00pm. Not be be
analytical, but when you show up any other times, I tend to immediately
judge you on what time you walk through that door as to what type of
business I expect together.
I wait for a bus, it's pouring down rain, I'm in my $2000 Armani suit, the
schedule says 11:37, a very odd number, not 11:30 or 11:35 but 11:37.
I am that kind of person who trusts that if a city ran Metro posted sign
states that a bus will be at the bus stop at 11:37. I expect it to be there at
11:37, Why else would they post it at an odd time such as that?
I worked in real estate office with 80 other agents and often use the computers in the public work room because it is convenient and nice to be surrounded by other agents, I have left the computer for a split second to retrieve a document from the scanner and upon return, some else was on my computer working away. Working on a real estate transaction requires multiple windows open on a screen and to have someone step in and use the computer may have some peoples nerves rattling. I trust my co-workers and my work has never been compromised during any of these events. Not even with my Facebook account wide open for all the joksters who could have easily hacked my account.
As far as trust goes, I take it just as the quote stated below:
"Fool me once, I forgive you; fool me twice; shame on you; fool me thrice shame on me"
This post is a submission to the ActiveRain / Adobe EchoSign Trust Contest. I could possibly win a prize. You can find out about the contest by clicking here
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
Kung Hei Fat Cai or Gung Hay Fat Choy, whichever way you say it
all means the same thing and it's not what you think it says as far as
wishing someone a Happy New Year. It actually means "Wishing You
Prosperity".
Bringing the new year has a far different meaning to the Chinese culture
than how we Americans view the coming of the new year, Chinese and much
of Asia celebrate it in a much different way.
There is a ritual that every family takes part in, whereas some may be different in how they perform their custom, it all surrounds the same premise of what they do and what it means.
Welcoming in the New Year starts way ahead of the day of the new year, this
year 2012 is in celebration of the Dragon, the most powerful sign of the zodiac
in the Chinese calender. In preparation, we clean the house, throw away unwanted items, get a hair cut, and buy groceries for family gatherings, the food has a specific meaning to each item consumed and presented. First and foremost we offer our thanks to the gods, of wealth, prosperity, health and happiness and also to our past ancestors by way of burning incense, paper money, items that signify certain items so that our ancestors can also share in our celebration in the heavens.
There is a very deep rooted meaning for many of the things that the Chinese do before, during and after the ringing in of the new year, from the Chinese Lion dance, to the firecrackers, the red envelopes, the colors represented, the pastries, the odd types of foods only eaten on the new year, keeping a light on the night before the New Year, not washing or cutting your hair on New years day, no sweeping of floors, no laborious work performed, and the list goes on.
Photos Courtesy of Trisha Zen
To get a true and real meaning of everything that the Chinese do on this very
significant and important day of the year, take some time to visit with a Chinese family during this holiday, though everything we do is the same in respects to the tradition, every family does it in their own special way. The meaning is all the same.To do away with bad feelings, bad luck and a dull year and welcome in a New Year of Prosperity, Health, Wealth, Happiness and Success for the New Year ahead.
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
 Seattle Based Walk Score Gets 2 Million investment dollars to expand into other regions of the world and plans to target every aspect of real estate. They hope that using a Walk Score in describing a homes attributes will be as common as describing the number of bedrooms and baths.
If your home is in a very walkable neighborhood where you can do almost everything without getting into your car, that is a really great selling point for your house, but what if your home scored low on the Walk Score? would you want this to be something that is standard for home searches?
I have talked to several of my sellers whom I have done business with, and this is their concern when I market their home. 100 out of 100 is the perfect score. Manhattan has the most scores of 100 across the nation, Seattle's best score is 98 in the Belltown neighborhood. While San Francisco is rated number 1 as most walkable cities, followed by New York, Boston,Chicago, Philadelphia, and Seattle at number 6. Followed by Washington D.C., Long Beach, Los Angeles, and Portland.
How important is it to your buyers or sellers on having the Walk Score part of your home marketing plan? What are the positive and negative effects that this plays on future sales?
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
Puget Sound Economy Looks Good for 2012
With the areas biggest employers such as Boeing and Microsoft paving the way for larger
profits for their company, comes added job growth for the Puget Sound Economy.
Boeing with 805 new jet orders and delivery of 477 aircraft's in 2011, which orders run into 2012, Also with new orders of the 737 Max, the 9th (WGS) Wideband Global SATCOM satellite for the U.S. Air force, 787 Dreamliner, 777-300ER stabilization with engineers and sheet metal workforce will increase.
Microsoft is working on various new programs like the Private Cloud for System Center 2012, though this application is for IT programmers and system analysis, It is one of those back-end projects that are creating a flow of work force to continue at Redmond based Microsoft. Also with the up coming launch of Windows 8 and the continued troubleshooting that is necessary with a new launch product.
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
Christopher Hansen, head of San Francisco-based WSA Properties LLC recently paid $21.6 million for a warehouse South of Massachusetts a block away from Safeco Field in Seattle.
That is approximently $169.00 a square foot of dirt at just over 133,000 sq ft of warehouse space they paid and It is a proposed spot of the new arena but with only 3 acres of land purchased, it's not quite enough land to make it a viable Basketball/NHL arena.
  
  
Quantum Group LLC has a building a block north of this project listed at $4.3 Million and is in negotiations with another land Barron from China who is eyeing for the purchase of this land which may stir up a bidding war if WSA catches wind of this deal. Talks are that this conglomerate of Chinese buyers are looking into building a hotel on this site to accommodate the recent growth of two buildings directly across the street with over 300,000 sq ft of office space.
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private.
Thank you.
The Quantum Group LLC, the commercial division ran by Patrick Ross and Sonny Kwan have procured an exclusive to sell the 10,000 sq ft commercial zoned building site that was once the home of the TUBS franchise that have gone on hard times. The new development site already has a (MUP) Master Use Permit and architectural drawing and renderings for the new 60 unit apartment complex with 5,000 sq ft of street front commercial space and below grade parking for 40 vehicles, because this property is an Urban Village Zoned property, parking is reduced and allowed for only 40 vehicles.
 60 Unit Development Site - University District Seattle
Price : $4,000,000
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private. Thank you.
Seattle adopts plans to allow small cottages built behind existing homes
Backyard cottages were allowed to be built starting in 2009 in an area south of I-90 and east of I-5, and have moved to other parts of the city, such as Magnolia and Laurelhurst. These detached accessory dwellings are limited to certain parts of the city.
Cottages can be no larger than 800 square feet, including any garage or storage area, and the property owner must live in either the main house or cottage.
The lot must be in a single-family residence zone and be at least 4,000 square feet in size. The total area of the cottages can not be more than 35 percent of the lot, provide at least one off-street parking place to the occupants of the original home, plus at least one more dedicated for the cottage residents. Basements are allowed, and any area at least 4 feet below grade doesn't count toward the 800-square-foot size limit.
Sonny Kwan (email: sales@SonnyKwan.com)
We specialize in Seattle Homes, Condominiums and Commercial Structures and have Chinese Joint Venture Capitols. We will look at all properties for acqusitions. If you or you know someone that may be interested in selling, buying or leasing their Seattle area property, call or text us today (206) 819-8228 and we can discuss your specific Real Estate needs in private. Thank you.
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Sonny Kwan 206-819-8228
Mercer Island,
WA
More about me…
Quantum Group LLC Seattle, WA
Address: 400 112th Ave NE, Suite 200, Bellevue, WA, 98040
Cell Phone: (206) 819-8228
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