Friday, May 4, 2018

Vashon Waterfront Open House

Open house Saturday May 5, 2018 2-4p:

Ballard Room Rental

Room rental in this charming 1926 house-share in the heart of Ballard. The funky, unfurnished attic bedroom will be available June 1. It features lots of space, playful angles, nooks and crannies for creative decorating (see second photo).

Two other tenants live in the upstairs bedrooms, with a shared bathroom on each level. There are two other bedrooms and bath o the main level, and an onsite property manager on the basement level. All rooms are rented on a monthly basis. Personal items are to be kept in the room, and housemates should be respectful of others when using items in the common areas. Rent includes free wifi internet, gas, electricity, garbage, water, sewer, property management, yard maintenance, and common household supplies.

This vintage house features an attractive yard designed by a master gardener. Pretty living room with oak hardwoods and gas fireplace on the main floor. There is a modern handicap-accessible, walk-in bathtub on the main floor. 

The common laundry area with free washer and dryer is located on the basement level. Portions of the garage have been rented to upstairs tenants, managed by the property manager for additional storage.

Plenty of on-street parking for residents and guests, bicycle storage, and easy walking distance to the amenities of Market Street and the Ballard business district.

$35pp online tenant screening fee. First month rent, and $800 security deposit to move in. No last month required, as long as gross income is at least $2460 with a two year employment history in the same industry. 

Criteria: Must play well with others, be respectful, clean, and have good character and former tenant references. Gross income of at least $2460, with 2-year employment history in same industry preferred.

Open house is scheduled for noon on Saturday, May 5 and 6p, Sunday, May 6. If this sounds like a good fit for you, please reply by email to to confirm your attendance at one of the upcoming open houses.

Monday, February 26, 2018

Homeowner Stabilization Loans

Here is a great new program to help homeowners in distress:
HomeSight is pleased to announce the launch of the Seattle Homeowner Stabilization Loan Program. We have received a $484,000 investment from the City of Seattle - Office of Housing Housing Levy to originate foreclosure prevention “rescue loans” to help homeowners in jeopardy of losing their home. These funds are for a two-year pilot period at which time the City will decide whether to continue the program.
Homeowners experiencing temporary hardship or facing default or foreclosure whether from mortgage lender, property taxes or a condo association, may qualify for a low interest rescue loan up to $30,000 to help resolve the default. These loans will generally be available to owners who have fallen behind in payments and have exhausted other options and need assistance getting caught up, or who need additional funds in order to secure a loan modification, pay back taxes or condo dues.
For more information, or to find out if you qualify, contact:

Sunday, February 4, 2018

Waterfront Fixer

Here is my newest property listing:

View any time this morning with your real estate broker, but without an appointment - or any time after today, by appointment only.

Major fixer with awesome views!

Happy Investing!

Thursday, December 21, 2017

Changes in Seattle Housing Market

The Seattle Real Estate Market – WHERE TO START???
I don’t even know where to start!  So much housing related info came out this week…  I guess I’ll just let the bullet points tell the story:
·         Seattle passed sweeping short-term rental laws
o   Hosts for AirBnB, VRBO, HomeAway, and other short term rental platforms can now only rent out two dwelling units (including a room in the host’s primary residence)
o   Hosts must now be licensed, which means they will likely be taxed by the local government for operating a short-term rental
o   Overall, this should help preserve an adequate supply of long-term rental stock for the city’s permanent residents
§  Effect on local housing market – Neutral
·         Amazon hiring has slowed dramatically
o   As recently as June, Amazon had over 9,000 job postings for Seattle-based jobs…There are only 3,503 postings for jobs currently
o   This is the fewest Seattle-based job postings Amazon has had in almost 4 years
o   Nonetheless, the 3,503 postings is still more than the combined postings for Microsoft, University of Washington, Nordstroms, and Starbucks
§  Effect on local housing market – Slightly not good… but an additional 3,500 highly paid employees still adds a lot of pressure on an already pretty tight housing market (currently 458 homes for sale out of 129,331 total single family residences), so we may not notice a difference.  Nonetheless, it’s something to keep an eye on
·         New Tax Plan
o   Interest deduction on home equity lines of credit goes away
§  Effect on local housing market – Neutral
o   Interest deduction on mortgages up to $750,000 (used to be up to $1,000,000)
§  Effect on local housing market – Slightly not good
o   State and local taxes (SALT) deductions capped at $10,000
§  Effect on local housing market – Slightly not good
o   There was no change in the requirement for people to qualify for the gain-exclusion on sale of a personal residence.  It was talked about that the current gain-exclusion of living in the house 2 out of the last 5 years was going to increase to 5 out of the last 8, but that didn’t happen. 
§  Effect on local housing market – If the gain-exclusion increased to 5 out of the last 8 years, then we would have less sellers, and therefore prices would rise.  However, nothing happened, so housing is unaffected
·         Overall, the new tax plan will put downward pressure on higher priced homes.  Seattle’s current median home price is $754,000…  so the vast majority of us aren’t affected yet (since a homebuyer did put some money down on that $754,000 purchase price), but the tax plan could play a larger role in the next couple years as Seattle home prices continue to appreciate

Saturday, November 18, 2017

Renton Open House Sunday

Here is my latest listing in Renton. This lovely suburban home is open tomorrow (Sunday November 19, 2017) from 1-3p. It is located at 18858 129th Pl SE, and is listed for $400,000.

Friendly suburban community with annual neighborhood events, including Easter egg hunts, garage sales, beauty bark sales in nearby park. This lovingly maintained home has a long-term roof warranty, updated kitchen, new carpets, laminate flooring, lots of space to play, and a fully fenced yard. Welcome to the neighborhood!

NWMLS #1218245

Happy Investing!

Wednesday, November 15, 2017

South Seattle Brick House for Sale

We are reviewing offers on this property today:
Address: 6724 Mars Ave S, Seattle 98108
List Price: $549,888