seattle: Robopedia: Short Sale vs. Distressed Property - 11/21/08 09:35 AM
It is easy to get all mixed up with the vocabulary swirling around the real estate market these days.  Two very confusing terms being thrown around right now are short sales and distressed properties.  While the two are similar and many times both are involved in the sale of a home, they are not the same thing.
Short Sales - When a seller is selling a home and the proceeds of that home will not be enough to cover the loan amount that the seller owns on the home. 
For example, If you refinanced your home for $500K last year … (0 comments)

seattle: Cheapest Homes In Seattle: The Skinny on Short Sales - 11/16/08 09:20 AM
There is a lot of buzz in the Seattle media about short sales.  So what the heck are they anyway, and how can they save you tens of thousands of dollars on a home? 
Put simply, a short sale is when a home owner is trying to sell a house, but the proceeds from the sale of the house will not be enough to cover the loans currently owing on the home.  So the seller will need to get bank approval once a buyer makes an offer on the home, because the bank will not get all of their money back … (0 comments)

seattle: How Much Home Can you Afford? - 11/06/08 04:29 AM
If you are up to a year away from buying a home, now is not the time to be talking to a bank.  Here is my recommendation for what you can be doing right now to put yourself in the best position when the time comes to buy your home.

seattle: Free Starbucks Coffee - 11/03/08 02:07 AM
Seattle based Starbucks is hosting a promotion to try to encourage or at least reward people for voting.  If you go into a Starbucks tomorrow and tell them that you voted, they will offer you a free coffee.   
Can I vote more than once?

seattle: Seattle Home Prices are up 27% - 10/20/08 11:23 AM
With all the doom and gloom in the media and in public perception regarding home prices, I thought I might add a little perspective.  Yes prices in Seattle are down, (THIS YEAR). Yes, it is a buyer's market.  But if you take a step back and not look so myopically, you see that home prices in Seattle over the past five years are actually up dramatically. 
For example, since October 2003:

North East Seattle Median Single Family Home Price is up 38%
North East Seattle Median Condo Price is up 28%
North West Seattle Median Single Family Home Price is … (0 comments)

seattle: Sewer Scopes they're Pooptacular! - 10/09/08 10:02 AM
When doing an inspection: 
Always get a sewer scope!
A sewer scope is an additional inspection that costs about $200 but is one of those things you don't want to buy a house without knowing.  During a sewer scope they put a camera down the sewer line to see if there is any damage to the line.  Often they find tree roots that need to be removed but other times they can find actual damage or whole collapsed lines.  The cost to fix them can run in the tens of thousands of dollars and become your problem after the close so … (1 comments)

seattle: Always Attend The Home Inspection - 10/07/08 09:31 AM
I have an inspection this afternoon that I helped a buyer client of mine purchase which brought this little nugget of wisdom to mind. 
You should always plan on attending the inspection. 
Inspections take about two hours for the average size home.   If you need to get a sitter, put in for a day off or just plain play hooky, you want to be there.  The inspector will go over the entire house.   They will look at all major systems and offer all kinds of advice.  An inspection is not a pass fail thing. 
Every inspection will find something that need … (2 comments)

seattle: Seattle Median Home Prices For The Last Four Years (Chart) - 04/06/08 08:43 AM
With all the media would have us believe the sky is falling, I like to stick to the numbers.  Real estate is a very region specific market, and not everywhere has fallen off the map.  Seattle remains one of the hottest markets in the country.  The chart bellow shows home prices over the past four years.  Yes, prices have come down overall in the past few months, but still homeowners have seen a nice gain over this time period.  Not to mention this has been one of the most difficult markets any of us have seen in quite a while.  Interest rates … (0 comments)

seattle: Home Sale Preparation vol. 1 - 04/02/08 06:57 AM
I thought I might throw out a few of my favorite tips for preparing a home for sale.  In my experience, home owners go a little crazy when it comes to preparing their house.  There are many relatively cheap things that you can do to make your house more attractive.  I thought I might share a few at a time.  Here are a few of my favorites.  
1.  REDUCE THE CLUTTER - Easily the single most common thing I see that detracts from a home is clutter.  A buyer wants to be able to picture themselves in the home not trip … (2 comments)

seattle: Volunteering Soap Box - 03/29/08 10:21 AM
If I am going to have a blog, i might as well post something of some value that actually might improve the world one iota.  So here it is.  I am putting a challenge to everyone who reads this.  Those of you that know me, know that volunteering is near and dear to my heart.  I volunteer at Children's Hospital here in Seattle.  Each week I go in and act goofy for a few hours and try to make a few kids smile.  My point is not to toot my own horn, but to challenge you to do something for a … (1 comments)

seattle: Ballard Denny's - 03/28/08 07:48 AM
I realize I am going to raise the ire of many by saying this, but I feel the need to weigh in on the whole Ballard Denny's issue.  I have as much sympathy as the next person to try to preserve neighborhoods, but there has to be some logic in the discussion as well.  I am all for neighborhood groups banding together to try to get city planning to be more open, green and inviting.  In fact I think Seattle could use a lot more of it.  I just don't think that declaring the Denny's a landmark is the way to … (1 comments)

seattle: Seattle Housing Inventory - 03/25/08 09:03 AM
Ok, for those of you that hate stats, look away.  I have to admit that I love looking at numbers and staying current on market trends.  Toward that end, here are inventory number in months for various neighborhoods.  All of the numbers are Feb '07 vs. Feb '08 according to the MLS.  I took the liberty of listing them from longest to shortest.
Ballard 1.8 / 3.8
NE Seattle  2.0 / 4.4
W. Shoreline 2.6 / 4.8
Wallingford 1.7 / 5.4
Delridge 2.4 / 6.9
E. Shoreline 2.1 / 7
Capital Hill 4.3 / 7.6
Queen Anne 2.4 / 9
Redmond 2.2 / 9.4
Admiral 3.3 / 10
Kirkland 6.8 / 10.3
Beacon … (3 comments)

seattle: Is now a good time to sell in Seattle? - 03/24/08 07:44 AM
Seems to me this is the most common question I get.  It is even a hot topic of discussion here in the office.  Should my clients list their home now, wait, or rent.  Tough question. Part of the answer depends on your personal situation.  Assuming you have the flexibility to ask the question, my general opinion is that while now is not the best time to sell, it isn't terrible either.  First of all we are coming out of the "slow"season. Spring is historically a great time to sell.  Seattle, has also been deemed one of the "Super Cities" for real estate.  … (4 comments)


Rob Graham

Rob Graham

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