Navigating the real estate market in light of COVID-19 has been confusing for many homebuyers and sellers. As trusted advisors, we felt that it was our responsibility to inform our clients and offer creative solutions while ensuring we protect the health of our clients and well-being of our community.
Read MoreNovember surprised the real estate market with a strong favor for home sellers. The Northwest Multiple Listing Service (NWMLS) released data on the month of November which showed a 7% year-over-year increase in pending sales. This increase across King, Pierce, and Snohomish County jumps to 9.2% when considering mutually accepted offers.
Read MoreAccording to Lawrence Yun of the National Association of Realtors, it’s likely that the sale of new homes will rise to a 13-year high in 2020, jumping 11 percent. This jump is significant even when compared with an anticipated 3.7 percent increase in existing home sales by 2020.
Read MoreAs real estate’s hottest season is coming to a close, sellers can take advantage of the last push through busy season by making their homes stand out amongst the crowd. Competition may be up but these tips will make sure you can catch the eye of potential buyers before fall arrives.
Read MoreAs of May 2019, the housing inventory in the Seattle market was just shy of two months. Fewer choices means it will become more difficult finding that perfect home that fits your needs. When you account for older homes on the market that may need updates, eccentric houses that were designed for a specific style, price points, and other factors, this leaves a small pool of homes to adapt to your lifestyle. It’s in these markets that new construction homes become even more of an enticing option for buyers.
Read MoreMany people have heard of mother-in-law apartments before. These units are attached to a home and are also called Accessory Dwelling Units (ADUs). In the city of Seattle, an ADU is limited to 1,000 square feet in a single-family structure and up to 650 square feet in a rowhouse or townhouse.
Read MoreIn downtown Seattle, and areas near public transit stops, many new apartment buildings do not provide enough parking spaces. Under rules first adopted about a decade ago, apartments built near frequent transit service don’t have to include parking. Many developers are relying on old regulations and aim to drive down their construction costs and build more housing, faster.
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