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TK2 Associates, LLC Powered By John L Scott

This is the official blog of TK2 Associates, LLC Real Estate Services....powered by John L. Scott Real Estate. Keith Zeiler & Tim Andrews write about numerous topics related to real estate & our real estate experiences as agents & investors based in Issaquah, Washington.
America's Most and Least Favorite Cities

Where Americans Do—and Don't—Want to Work and Live

Do you live in a city that you want to live in? If you're lucky, you already do—but many Americans would relocate at the drop of a hat if they could. This is the sort of thing that drives human resources people nuts. After all, their jobs are all about finding, and retaining, talent, so it helps to know where people are willing to move to—or away from. To find out where these places are, they commissioned a study—and were good enough to share their findings with us.

This survey on America's favorite and least favorite cities to work and live was completed mostly during the summer by about 2,500 employees and entrepreneurs across the country. The respondents were asked about 40 large cities. The questions asked were "Imagine you were offered your dream job that required you to relocate. Which region in the following list would you be most likely to choose? … and which city region … would you be least likely to choose?" The survey-takers were asked to choose the top three attributes for each city. The best and worst cities were then ranked based on the total number of first-, second-, and third-choice votes as a percentage of total votes. The median household income for each city is a 2007 U.S. Census estimate. The median home value for the third quarter and annual price change are estimates from Zillow.com.

Best Cities to Work and Live:

New York

Rank: 1
Workers who would like to move there:
11%
Median household income:
$48,631
Median home value:
$584,761
Annual home price change:
-2.18%

New York, one of the world's great cities, is home to Wall Street, the Broadway theatre district, and many of the best bars, art movie houses, and restaurants in the world. The city's largest employers include New York-Presbyterian Healthcare System, and financial companies such as Citigroup and J.P. Morgan Chase. Top attributes include entertainment options, professional/personal opportunities, and ease of transportation. Entertainment was cited by 51% of respondents.

San Diego

Rank: 2
Workers who would like to move there:
11%
Median household income:
$61,863
Median home value:
$393,029
Annual home price change:
-14.7%

San Diego, California's second-largest city, has 70 miles of beaches, a world-famous zoo, major scientific research institutions, and numerous military installations. The largest employers include the military, the state and federal government, the Sharp Healthcare hospitals, the University of California at San Diego, and major companies such as AT&T. Workers said the city's best attributes were its environment (climate, parks, natural features, etc.), its image, and entertainment options. The environment was cited by 77% of workers.

San Francisco

Rank: 3
Workers who would like to move there:
9%
Median household income:
$68,023
Median home value:
$766,985
Annual home price change:
-5.5%

San Francisco is one of the most beautiful cities in the world (it's also one of the most expensive). It's a progressive city with a vibrant economy, a vibrant arts and cultural scene, and a busy seaport. The University of California, San Francisco is one of the nation's top medical colleges. The city has become a biotech and technology center like neighboring Silicon Valley. The city's top attributes, according to the survey, were the environment (climate, parks, natural features, etc.), entertainment options, residents' background, talents and perspectives, and professional/personal opportunities.

Las Vegas

Rank: 4
Workers who would like to move there:
8%
Median household:
$55,996
Median home value:
$195,825
Annual home price change:
-25.2%

Las Vegas moved up the list this year, partly because—with home prices plunging—it has become more affordable to live here. Residents love the entertainment options, which go far beyond gambling. The city also has become a destination for foodies. Celebrity chefs have opened many expensive eateries. But delicious and affordable Asian and Latin-American restaurants have popped up in strip malls away from the Vegas Strip. Vegas' top attributes, according to the survey, are the entertainment options, affordability, and environment (climate, parks, natural features). The city's best attribute was its entertainment options, which 56% of respondents cited, followed by affordability, which half of workers cited.

Los Angeles

Rank: 5
Workers who would like to move there:
8%
Median household income:
$47,781
Median home value:
$466,630
Annual home price change:
-17.8%

Los Angeles, probably best known as the home of Hollywood, is a great place for people hoping to break into the movie, television, and music industries. But it also is home to excellent universities such as the University of Southern California and large corporations such as aerospace contractor Northrop Grumman. Workers answering the survey said the city's best attributes are its entertainment options, personal and professional opportunities, and the environment (climate, park space, and natural resources). About 42% cited entertainment options as the city's best attribute.

Seattle

Rank: 6
Workers who would like to move there:
8%
Median household income:
57,849
Median home value:
$416,028
Annual home price change:
-7.5%

The Seattle area's largest employers include Boeing and Microsoft. But many people come here for the lifestyle. The city is surrounded by lakes and mountains and has a great music and arts scene. The city's best attribute by far, according to the survey, is the environment (including the climate, park space, and natural resources), which 62% of workers cited. "Community—connectivity and sense of place" was mentioned by 29% of respondents.

Denver

Rank: 7
Workers who would like to move there:
7%
Median household income:
$44,444
Median home value:
$206,669
Annual home price change:
-6.7%

The Mile-High City, located near the foot of the Rocky Mountains, is a popular place for outdoor enthusiasts. It has a large park system, 300 days of sunshine each year, and opportunities for biking, skiing, rafting, and hiking. The city's largest employers include Qwest Communications, HealthOne, Lockheed Martin Corp., the University of Denver, and United Airlines. Environment (climate, park space, natural resources) is the city's best attribute (It was cited by 74% of workers in the survey). Also high on the attribute list: affordability and image.

Phoenix

Rank: 8
Workers who would like to move there:
6%
Median household income:
$48,061
Median home value:
$176,176
Annual home price change:
-20.2%

Phoenix, one of the nation's largest cities, has become a popular place for retirees because of its warm climate and affordable housing, which keeps getting more affordable with the rising tide of foreclosures and plummeting home prices. The area also has plenty of opportunities for golfing, hiking, biking, and camping. Phoenix's top employers include Allied Waste Industries, the Apollo Group, and PetSmart. Environment and affordability are the city's best attributes, according to the survey.

Chicago

Rank: 9
Workers who would like to move there:
6%
Median household income:
$45,505
Median home value:
$234,643
Annual home price change:
-8.9%

Chicago, hometown of President-elect Barack Obama, is the third-largest city in the U.S. and is one of its major financial centers. The city is known for its architecture, museums, shopping, and nightlife. The area's top employers include Jewel-Osco supermarkets, United Airlines, and J.P. Morgan. The city's best attributes, according to the survey, include entertainment options, affordability, and personal and professional opportunity.

Boston

Rank: 10
Workers who would like to move there:
6%
Median household income:
$50,476
Median home value:
$352,429
Annual home price change:
-3.9%

Boston is one of America's oldest cities and home to some of the country's most venerated universities and hospitals. Many of Boston's residents work in finance, education, health, and law. The city's largest employers include Massachusetts General Hospital, Fidelity Investments, and Boston University. Respondents to the survey said the Boston area is a good place to raise a family, has nice outdoor features such as park space, and offers good entertainment options.

Worst Cities to Work and Live

New York

Rank: 1
Workers who would not like to move there:
15%
Median household income:
$48,631
Median home value:
$584,761
Annual home price change:
-2.18%

Americans have a love/hate relationship with New York. It does have loads of high-paying jobs, Central Park (one of the largest urban parks in the nation), a great public transportation system, and one of the best restaurant, bar, music, and art scenes in the world. But people sacrifice to live here, paying sky-high rents for tiny apartments, and enduring long, crowded subway commutes. And by the way, the city's top restaurants sometimes require customers to make reservations months ahead of time. The high cost of living is an unattractive attribute of New York, according to 72% of respondents. Health and safety was also listed as a negative attribute by 45% of respondents.

Detroit

Rank: 2
Workers who would not like to move there:
14%
Median household income:
$28,097
Median home value:
$80,140
Annual home price change:
-9.3%

Detroit has a bit of an image problem. The population is dwindling, many of the city's residents are in poverty, the auto industry housed here is near collapse, and former Mayor Kwame Kilpatrick went to jail last month for perjury in a sex scandal. The top two negative attributes of the city, according to the survey, were health and safety (55%) and image (49%).

Los Angeles

Rank: 3
Workers who would not like to move there:
12%
Median household income:
$47,781
Median home value:
$466,630
Annual home price change:
-17.8%

Like New York, Los Angeles is a city that brings out strong feelings. It's an exciting place to live. But it's expensive, polluted, and traffic-clogged. The top negative attributes, according to the survey, were affordability (61%), health and safety (42%), and environment (36%).

New Orleans

Rank: 4
Workers who would not like to move there:
11%
Median household income:
$38,614
Median home value:
$135,128
Annual home price change:
13.7%

New Orleans has seen its population shrink, its murder rate increase, and tourism suffer since Hurricane Katrina hit in 2005. The job market has gotten a bit of a boost from the heavy investment in rebuilding the city. But its image is suffering. The top negative attributes, according to the survey, were health and safety (55%), image (49%), and environment (45%).

Chicago

Rank: 5
Workers who would not like to move there:
8%
Median household income:
$45,505
Median home value:
$234,643
Annual home price change:
-8.9%

Chicago has a lot of jobs, entertainment, and culture to offer, but for many people, winters in the Windy City are simply too cold. The city also has a tough image that dates back to the era of Al Capone. Among the city's worst attributes, according to the survey: environment (including climate), community (connectivity and sense of place), and affordability.

Washington, D.C.

Rank: 6
Workers who would not like to move there:
7%
Median household income:
$54,317
Median home value:
$354,069
Annual home price change:
-14.0%

The nation's capital has a reputation for expensive home prices and high crime rates. Last year, murders increased 7% to 181 from 2006. The top negative attributes, according to the survey, were affordability (67%) and health and safety (60%).

Las Vegas

Rank: 7
Workers who would not like to move there:
7%
Median household income:
$55,996
Median home value:
$195,825
Annual home price change:
-25.2%

Las Vegas' economy has taken a hit with falling home prices and struggling casinos. Clark County, which includes the city of Las Vegas, recently estimated that its population dropped for the first time in a decade. The top negative attributes, according to the survey, were environment, including climate, park space, natural resources (45%); image (44%); and affordability (44%).

Cleveland

Rank: 8
Workers who would not like to move there:
6%
Median household income:
$28,512
Median home value:
$120,259
Annual home price change:
-1.4%

Cleveland's population has been falling at a dramatic rate. The city has lost 8% of its population—about 40,000 people, since 2000. Like many rust-belt cities, Cleveland is feeling the impact of a weak manufacturing industry. The top negative attributes, according to the survey, were environment—climate, park space, natural resources (58%); health and safety (45%); and image (42%).

Dallas

Rank: 9
Workers who would not like to move there:
5%
Median household income:
$40,986
Median home value:
$123,248
Annual home price change:
-3.3%

Dallas' economy is doing better than many other parts of the country partly because of Texas' robust energy industry. But the city has a reputation for traffic, crime, and sprawl. The top negative attributes, according to the survey, were the people—their backgrounds, talents, and perspectives (49%); environment—climate, park space, natural resources (39%); and image (38%).

Miami

Workers who would not like to move there: 5%
Median household income:
$29,075
Median home value:
$238,708
Annual home price change:
-23.9%

Miami, like much of South Florida, is facing a foreclosure crisis. Home prices are plunging and the economy has problems. The city also has a reputation for crime that hasn't completely dissipated since the Miami Vice television show spotlighted the city's drug and gun problems. The top negative attributes, according to the survey, were environment—climate, park space, natural resources (47%); affordability (41%); and image (40%).

Prashant Gopal

Jan 5th, 2009

Bi-Level For Sale in Lake Hills

Front of house with yard

• 2,030 sq. ft., 2 bath, 4 bdrm bi-level - MLS® $420,900

 -  The bank says sell it now! Must-see bank-owned mid-century cul de sac home on a large, level corner lot. Hardwoods under carpet, updated master bath, newer kitchen appliances, big rooms with lots of natural light & vaulted ceilings in the living room. Fully fenced back yard with garden sheds for extra storage. Great location just minutes from Crossroads Mall. Easy access to schools & transit. Perfect, turn-key owner-occupied or investment home. HURRY!!!

Property information

Rent/Lease Reduced on 2445 NE KYLE CT in Issaquah Highlands

Issaquah Highlands, Issaquah  -  Announcing a rent/lease reduction on 2445 NE KYLE CT, a 1,722 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $2,350 USD Monthly - .

Property information

Price Reduced on 2116 245th Ave SE in Beaver Lake

Beaver Lake, Sammamish  -  Announcing a price reduction on 2116 245th Ave SE, a 2,830 sq. ft., 2 bath, 4 bdrm 2 story. Now MLS® $537,900 - .

Property information

Single Story For Sale in Rainier Beach

Front

• 1,920 sq. ft., 2 bath, 4 bdrm single story "with basement for duplex" - MLS® $289,900 - Great price for this home

 -  Attn: contractors, sub-contractors, investors, handymen & know-it-alls! Bank owned Rainier Beach house w/ basement ADU. House has good bones, but needs some work. Some updates, hardwoods under carpet upstairs, semi-finished basement w/ 2nd kitchen, full bath & 1 more bedroom + bonus down. Maybe use as a rental to offset your mortgage? There's a big upside for the savvy buyer who can handle a job like this one. Buyer should verify all uses & restrictions to their satisfaction.

--------------------------------------------------------------------------------
This bank-owned home is located in the Rainier Beach neighborhood within walking distance of Rainier Ave for easy bus access

Property information

2 Story For Sale in Issaquah Highlands

front of house
Great Bank owned property

• 1,650 sq. ft., 2 bath, 2 bdrm 2 story - MLS® $439,900 - Great Bank owned property

 -  The Bank wants an offer! Attn: contractors, sub-contractors, investors, handymen & know-it-alls!This bank owned 2 bedroom + den, 2.5 bath home sits on a greenbelt in the hidden gem of Crofton Springs in the Issaquah Highlands. Features an open floorplan, hardwood floors, stainless steel appliances, granite counter tops and wood blinds throughout. Each upper bedroom is its own suite with an attached bath. Also features a detached 1 car garage. This home needs some work, but its worth the effort!

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This cute Issaquah Highlands home sits on a greenbelt in the hidden gem of Crofton Springs. Its bank-owned so it needs some work, but come have a look and make an offer!

Property information

Rent/Lease Reduced on 21224 SE 42nd Ln in Peregrine Point

Peregrine Point, Issaquah  -  Announcing a rent/lease reduction on 21224 SE 42nd Ln, a 1,310 sq. ft., 2 bath, 2 bdrm townhouse. Now MLS® $1,495 USD Monthly - .

Property information

Issaquah ranks among the top 10 "Best Healthy Places to Retire"

I thought this was an interesting artical about Issaquah Washington. Living in issaquah ourself we have found it a great area to live so we thought we would share this artical.

 Thanks

Keith & Tim

 

NWREporter November 2008

Spending retirement years in healthy surroundings can lead to longer lives, according to U.S. News writers – and one desirable destination is Issaquah. After traveling the country, they chose Issaquah as one of 10 places that are "way ahead of the healthy curve."

Editors said their top 10 places for "modern retirement" shared some common attractions, including numerous places to exercise, strong social support and activities that encouraged healthy lifestyle habits, but also offered "a little something extra, too."

Issaquah's picturesque natural surroundings and variety of cultural and recreational attractions helped this city of 18,000-plus earn its ranking.

For people anticipating retirement, the magazine offers a "Best Place to Retire" search tool for uncovering spots that meet particular needs and desires. The tool (http://www.usnews.com/directories/retirement) allows users to rank and analyze more than 2,000 locations throughout the United States, according to various criteria including cost of living, healthcare, climate, and recreation.

In addition to identifying "healthiest" spots, the magazine profiles editors' picks of the greenest, brainiest, and outdoorsiest places to retire. "We've even got something for golf nuts and the most fanatical of football fans," wrote U S News journalist Kimberly Castro. (Editor's note: no places in Washington state made these top 10 lists.) To view the reports, visit http://www.usnews.com/features/business/best-places-to-retire/best-places-to-retire.html.

"The three prerequisites for well being in the later years are good health, financial security, and social integration," says Victor Marshall, director of the University of North Carolina at Chapel Hill Institute on Aging. "You want to move to a community that is set up to make it easier for people to get out and walk." Marshall recommends three, 45-minute periods of brisk walking a week. But other activities like yoga, gardening, biking, or even raking leaves can count toward that total.

Staying active and engaged in a healthy community may even help you live longer, according to various specialists on aging who are cited in the U.S. News report. "Networks of friends and family and active social engagement are associated with better mental and physical health and lower death rates," says Gene Cohen, director of the Center on Aging, Health & Humanities at George Washington University.

Joining Issaquah on the publication's "Best Healthy Places to Retire" list were:

Bella Vista, ArkansasPortland, Maine
Boulder, ColoradoPunta Gorda, Florida
Eden Prairie, MinnesotaReston, Virginia
Green Valley, ArizonaWalnut Creek, California
Longmeadow, Massachusetts
Homes Sales Up; Inventory Down as Buyers Jump Back In

It seems unexpected, but the recent credit crisis that is now gripping the world's financial markets is driving first-time buyers and investors into the real estate market as fears of rising mortgage rates and "disappearing" home loans prompt fence-sitters to jump in now.

Yes, you heard me correctly. Ever since the financial crisis of the past few weeks began to break, showing activity and offers on our lower-priced listings has gone way up. We think that many first-time & investor buyers are fearing a loss of available home loans and higher rates, so they are taking advantage of the softer prices in our market and are moving now, while they believe they still can.

This is good news for everyone, because as the lower-priced inventory is bought up, this opens the door for move-up buyers to get into those larger, more expensive homes, restarting the market and likely marking the beginning of the end of softening real estate prices in the Seattle area.

The lastest edition of the NWREporter, the monthly newsletter from the NW Multiple Listing Service, reports that pending sales rose in September by 4.1% over September of 2007. This is the first time in the last 19 months that sales for the current month & year were higher than those of the prior month/year. The buyers are back.

New listings system-wide were also down last month by double-digits over new listings in September of 2007. By the end of last month, the total number of available listings had only climbed as high as the total number available last September. As existing inventory is bought up, market pressure will begin to push prices back up, too.

So what's the truth about home loan availibility? According to Mike Welty of Liberty Financial Group in Bellevue, "Forget the news. Mortgage loans are readily available, at excellent rates and you can still get 97 percent loan to value....There is a lot of flexibility in programs, qualification and opportunity...Underwriting is tougher – you need a down payment and you need a job!" But, loans are available to people with good credit and at least some down payment. And, don't forget that first-time buyers who earn less than $75k a year can get up to a $7,500.00 tax credit if they buy before July 2009.

Click Here to read the entire report from NWREporter and please share it with your friends & colleagues who have been waiting for "the bottom of the market" to buy that first home or investment property. We have hit "the bottom" of the market and it is now poised to begin going back up. Its time to get out there and buy before this fantastic opportunity in low prices goes away.

Happy Home Buying!
Tim & Keith



Labels:

 

Issaquah commuters get more bus routes to Microsoft, Seattle

This is a great artical that I think shows how much Issaquah is growing and how we need great transportation. With two of the biggest park and rides, One in the Highlands and One on SR900. I think it goes to show issaquah is growing and people love our town.

The artical below was written by the issaquah press please enjoy :)

Keith & Tim

With ridership nearly 7 percent higher than this time last year, Metro Transit added service and made several changes for the Issaquah and Preston areas.Metro’s ridership has recently climbed to about 400,000 boardings each weekday, and is expected to increase this fall. Most of the additional service for the change is funded through the voter-approved Transit Now initiative, and includes several partnerships with local cities and businesses.

For local bus riders, the changes include:

  • Route 209 will have new commute-time trips to provide hourly service on weekdays between Issaquah and North Bend via Preston and Fall City.
  • Although it doesn’t stop in Issaquah, the new Route 211 will be important to commuters who travel to the hospitals and medical offices on Seattle’s First Hill. It replaces Route 942 with service between Eastgate and First Hill with stops at the South Bellevue and Mercer Island park & ride lots. There are some routing changes, and the schedule for the Route 211 is adjusted to enable transfers to commuter trains at King Street Station.
  • Route 214 will now focus solely on commute-time service between downtown Issaquah and downtown Seattle, and will no longer travel east of Issaquah.
  • New Route 215 will provide service between North Bend, Snoqualmie, Snoqualmie Ridge and downtown Seattle during peak-commute times with stops at the Issaquah Transit Center and Eastgate Park & Ride for connections to other locations.
  • The Route 216 connecting Bear Creek, Sammamish and north Issaquah to Seattle will now stop at both the Eastgate freeway stop and the Mercer Island Park & Ride on its trips.
  • Seven trips will be added to Route 269 — which runs weekdays between Issaquah and Overlake — thanks to a Transit Now partnership between Metro, Microsoft, and the cities of Issaquah, Sammamish and Redmond. Service will improve to every 20 minutes headed north in the morning and south in the afternoon. Buses had been operating every 30 minutes. The route links the Issaquah Transit Center to the Overlake Park & Ride via Issaquah Highlands, Sammamish, Bear Creek Park & Ride and Overlake Transit Center near the Microsoft campus.  

Learn more about all of the services Metro provides at www.kingcounty.gov/metro, or call Metro Rider Information at 206-553-3000.

Understanding The Credit Markets during the 700 billion dollar bail out!!!

This is something that we got from our lender on understanding the credit market. We hope that you enjoy this post we like to be able to help provide good information.

Keith & Tim

The Chinese have a proverb:  “May you live in interesting times.”  And we are living through interesting times indeed. 

 

Whatever the political posturing regarding the current rescue plan, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of "toxic" mortgages. This has a lot to do with FASB 157, also known as "mark to market".

Each day lenders must mark their assets to the marketplace. It's like you having to appraise your home every day and if your neighbor was under duress because they got very ill, divorced, lost their job and was forced to sell their home quickly they may have sold it super cheap. Now, does that mean your house is worth that super cheap price? Clearly not. Why? Because you are not under duress. You have the time to sell your home and get a more normal price, which more accurately reflects true market conditions. But "mark to market" does not allow for this, which creates a vicious cycle.

Why is this so bad? Because as lenders mark down their assets, the amount that they have loaned previously becomes much riskier in relation to their assets. For example, say a bank has $1 million in assets and say they have $15 million in loans outstanding. Their ratio is an acceptable 15 to 1. But should they take a paper write down of $500 thousand due to "mark to market" requirements, their ratio suddenly changes to 30 to 1. This is because their assets are now only $500 thousand after taking the paper loss, while their loans outstanding are $15 million. And at 30 to 1 this bank is viewed as a risky investment. So the stock price starts to get hit, it becomes harder to borrow, and most importantly harder to make money. The bank is then forced to sell some of its loans to reduce its ratio...at cheap prices. And this makes the vicious cycle continue.

And a quick look at the holdings of these loans show that 95% are problem free. Additionally, the Credit Default Swaps (CDS) that are used with the pools of mortgages are relatively safe. But this requires a bit of understanding. You see, when a pool of mortgage loans is put together, it isn't just A paper or B paper etc….it's everything. It’s got some A paper, B paper, C paper…and even what looks like toilet paper. An "A" investor buys the whole pool but because they are an "A" investor their safety is greater because they can avoid the first 20% (an example) of defaults. So they own the whole pool but are sheltered from the first batch of defaults, and for this they get the lowest rate of return. As you can figure from here the more risk investors want to take, the higher the return. So the investments are relatively safe, but the accounting rules currently place undue pressure on the banking institutions.

Now add to all this, the opportunistic “shorting” done on the financial stocks, much of it illegal because those shorts did not legitimately borrow shares (called naked shorting), and you exacerbate this whole problem. Thank goodness for the recent temporary ban on shorting in the financial sector. As for the plan the government is the only one who can step in to do this. And they have to do this. And they will do this. The nauseating political posturing from both sides is just part of the process.

This is not easy to understand for the general public. In fact most politicians don't get this either. That's why it is a difficult yet critical bill for them to vote on.

Once this is done it will take some time but the markets will stabilize. As for the real estate and mortgage industries, it will take a bit of time but we will make it through this.  Rates will remain attractive and the influx of credit availability will help the housing market gradually improve. This ultimately will be the medicine needed to improve the situation overall.

 

If you have any needs for lending please give Angel Whitney a call her info is below.

 

Angel (Leyde) Whitney

AVP/Certified Mortgage Planning Specialist

www.LeydeGroup.com

Countrywide Bank, FSB

16141 Cleveland Street, Suite A

Redmond WA 98052

 

425-556-7606 direct
206-387-7755 cell 
425-671-0397 fax

Email:  Angel@LeydeGroup.com

Rent/Lease Reduced on 21224 SE 42nd Ln in Peregrine Point

Peregrine Point, Issaquah  -  Announcing a rent/lease reduction on 21224 SE 42nd Ln, a 1,310 sq. ft., 2 bath, 2 bdrm townhouse. Now MLS® $1,595 USD Monthly - .

Property information

3 Story For Sale in Peregrine Point

Front
Walking distance to Lake Sammamish

• 1,310 sq. ft., 2 bath, 2 bdrm 3 story - MLS® $379,888

 -  This great town home in Peregrine Point has views of Lake Sammamish. It has 2 Bedrooms, 2.5 bathrooms & a 2 Car Tandem garage. Kitchen has been fully updated with SS Appliances, slab granite counters tops. Gas fireplace in the living room with great big windows for lots of light. Bonus space for office or small family room. Close to I-90 freeway. Owner is willing to do a Lease to Own.

Property information

Not Your Regular Listing Appointment

Not Your Regular Listing Appointment

Well, this week brought the unexpected, to say the least.



Early Monday AM we received a call from a prospective client that wanted to list their home in West Seattle. They had been unsuccessful in selling it themselves, and their last real estate agent hadn't done any better. We made an appointment to go and view the home at 12:30 that afternoon. Upon arriving, we were met by the owner's lovely elderly mother, who began to show us the home.



While she was showing us around, she mentioned that she had surgery on her foot last month and was just getting mobile again (she was using a walker to get around, but doing well). This home is a lovely, albeit dated 1960's split level with a view of Puget Sound. As we made our way downstairs to the lower level, "Mary" (not her real name) left her walker behind. She said she didn't need it because the hallway downstairs was narrow and she could lean on the wall as needed. We proceeded down, although not entirely comfortable with this.



Anyway, not more than five minutes after going downstairs, Mary became faint and needed to sit down. We helped her to a stool in a bathroom just off of the hall. I had just turned my back when she passed out, falling from the stool and hitting her head on the bathroom door on the way down. We rushed to help her and she quickly came-to, apologizing and asking for an orange because she felt that her blood sugar was getting low. We got her an orange and helped her to sit up on the floor after a few moments on her back, with her back resting against the wall. We also phoned her daughter at work (we had to go outside to get a cell-phone signal - there was no landline in the house). Her daughter said she was on her way home.



Just after that phone call, "Mary" became unconscious and began convulsing. We immediately called 911 (had to run outside again to get a signal). Within 5 minutes, Seattle Fire had arrived, but those were a long five minutes. Mary came-to and went back under again between the phone call and the Medics arriving. She then became unconscious again while the medics were with her. It was difficult to watch her struggle, not knowing what more we could do to help her, except to keep talking to her and asking her questions so that she'd stay awake until help arrived. She seemed gravely ill. It was terrifying.



Once the medics evaluated her and took her out of the house, we secured it and called her daughter again to let her know which hospital her Mom was being taken to. We left a note in the house and our business card, too, in case the family had any questions or needed our help in any way.



We sincerely hope that "Mary" is doing well. We've called her daughter and left a message asking about her, but as of yet, have had no response.



We were amazed that an elderly person, recovering from surgery, no less, was left home alone in a house with no telephone. What might have happened if we handn't made that appointment yesterday? How could "Mary" have called for help if she had become ill while she was alone? We shudder to think what the outcome might have been.



Its funny how fate brings people together. We went there yesterday thinking that we might be able to put our expertise to work to help this family sell their home and move-on to the next phase of their lives. As it turns out, our help may have gone way beyond real estate yesterday - it may have preserved this family so they can make it to that next phase together. We hope that's the news we'll get, and that "Mary" was at least comforted by us until she could be helped.



Mary, you are in our thoughts.



Keith & Tim
Be the Shiny Penny!!!
As most people know, the national real estate market has taken quite a beating since the lending crisis exploded last August. As a result, home sales have slowed dramatically, foreclosures are way up & prices in some parts of the country have fallen more than 30%. Most people have been left scratching their heads, wondering what’s coming next. I know many Realtors who feel this same way, as they’ve seen their businesses fall flat. During the first quarter of 2008, more than 1,900 agents left our local MLS. Surely more left in the second quarter, but those stats aren’t out yet. This is probably a good thing, by the way.

Our business is definitely off from the pace of the last 4 years. Volume has been down by about 40% over this same time last year. It hurts, but you have to be prepared for ups and downs in this business. Fortunately, we were. Real estate booms & busts are cyclical. This “bust” will boom again, too. It’s just a matter of time. We are already seeing an increase in home buying activity in our area and specifically in our own business.

There is pent-up demand for housing out there, but many buyers are waiting for “the bottom” of the market. Honestly, I don’t know where that is. Two things I can tell you, though. 1. There are more homes available for sale now than in several of the last years and many home sellers have already purchased something else (are “contingent”) or are being relocated, so they are very motivated to sell. This means that buyers have more negotiating power than they have had in a long time; not just on price, but on practically everything. Terms are abundant! 2. We will only know that we’ve hit the “bottom” of the market when prices start shooting back up. That will happen when most of the current inventory has been sold. This means that once the general public & the media become aware of the “bottom” of the market & start to talk about it, those buyers waiting for it will have waited too long – it’ll be gone and so will these great deals. If you’ve been waiting to buy, do it now. Strike while the iron is hot!

If you need to sell your home now, you might be thinking that you’re in for a long, rough road. And, you might be, unless you make your home really stand out from its competition. Ok, sounds good. But how do you get started? The first thing you want to do is go out and see other homes for sale in your neighborhood that are the most similar to yours. Open houses are a great way to do this. Look at them with a critical eye. Are the homes clean & in good repair? How do they look from the street? (we call this “curb appeal”). Can you clearly see the house? Is the paint & trim in good condition? Has the yard been cut & cared for? Does the landscaping look neat & tidy, or is it all overgrown or worse, dead? Is the roof in good repair & clean? Are there toys or other clutter in the yard or stacked against the house?

How do the homes smell when you walk inside? Do they smell fresh, or like wet dogs or dirty cat litter boxes? Do they smell strongly of food or musty? As you continue through the homes, are the carpets clean & look new or well cared for? How about the condition of the hardwood floors? Are the homes light & bright, or dark? Have they been freshly painted or are there marks on the walls? How is the furniture arranged, & what is its condition? Does the home flow well, or do you have to step around bulky pieces of furniture or other clutter? Take notes at each home, paying special attention to things you really liked and those that you didn’t. Be brutal, because the buyers that come to your house will be, too!

Now, the hard part. Go home & look at your own house with those same critical eyes, starting at the street and working your way through and out to the back yard. Ask friends & neighbors to come through and give you HONEST feedback about your house. Don’t be offended by their constructive comments – take them to heart! They are just trying to help you. As you go through your own home, note those same things that you did in the others – the good and the bad. Then, put some time (& yes, money) into fixing those things that need to be done. You need to rise above the rest to sell in this market, so do what you need to, to make this happen.
Most homes will need at a minimum to have the landscape cleaned up/new bark put down, exterior trim repainted (if not the whole house - at least spray the mildew & moss off!) roof/gutters cleaned, carpets cleaned, the home de-cluttered & at least some rooms, if not all, repainted - in neutral tones. No more purple living room & pink kids' bedrooms. Paint them a nice, neutral & warm tone.

When you are selling your home, less is more in terms of the furnishings to be kept inside, especially if you have a smaller home with bulkier furniture. Only keep the best pieces inside. That old, dirty recliner your husband loves may be comfortable, but if its ugly or worn out, take it out! Heck, you’re moving anyway, so why not just pack up all of those old high school trophies & souvenir mugs & plates now, too? Take down your wedding pictures, clear off the refrigerator & "de-personalize" the house so potential buyers can envision their own belongings in there. Arrange the furniture you leave inside in a logical manner that flows well with the lines of your home. Finally, hire a good, professional housecleaner to come in and really make things smell fresh and all of the shiny bits sparkle!

Once you’ve done these things, you're miles ahead of your competition. Now its time to interview some Realtors and get the sales process started. In my next blog entry, I’ll talk about interviewing & selecting an agent that’s right for you. You won’t want to miss this one!
Happy Selling,
Tim & Keith




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