Must have a good location when selling your HOME

Add seasonal flowers for curb appeal

One thing is common among all properties that receive multiple offers these days: the home is in a good location. Location is nearly always what drives homebuyers in their search. Before considering price, number of bedrooms or size of home, a buyer looks for location.

If your home is on a busy street, not in the best school district or near a freeway on/off ramp, chances are you won’t receive the kind of activity that a well-located home would. In that case, work closely with your agent to price the home correctly.

Must be priced right

Buyers in any market look for perceived value. Homes priced 10 percent (or more) over their market value won’t get noticed. Pricing isn’t an exact science, and it’s nearly impossible to pin a precise number to a home until buyer and seller sign a contract and close. Then, the price officially becomes the home’s market value. Until that time, agents can provide sellers with a value range. Have a good location? Does your home show well? Are you in a strong sellers’ market? Price your home on the bottom of that price range and you’ll be sure to attract buyers — and possibly multiple offers.

Must show well

A generation ago, sellers simply did some deep cleaning and maybe some de-cluttering before their first open house. Presentation wasn’t as important then as it is today, given online listings. More buyers today develop an emotional connection to a home. They want to imagine themselves in your home and not feel like they’re a guest. What does that mean? Appeal to the masses. If you have a good location and you plan to price your home realistically, then you need to make sure you give buyers what they want. If you can afford it, make cosmetic upgrades; invest in some staging and work to turn your home into a “product.” Emotionally disconnect from your home and try to see it more objectively.

Plan on having the home in perfect condition for the photo shoot. A buyer’s first impression of your home likely will be via the Internet or an email from their agent. Make them want to step inside. The more buyers you attract to your home, the more activity.

Know your market

Don’t assume that national trends apply to your region, city or neighborhood. If you’re not in a strong sellers’ market or you spend a fortune on last-minute upgrades, you could be in for a giant surprise. Just because you hear about bidding wars and multiple offers on the news doesn’t mean that applies to your area. Home selling is like the stock market it is goes up, down and can have a bit of a lull when interest rates go up and what is happening in the news for your area and even around the world.

Work with a good Realtor and, no, not all agents are Realtors learn the difference.  A local Realtor knows the area and what has recently sold as well as ones that have sold over the past six months to a year. Knowing those homes, having walked inside and personally knowing the agents who have sold them matters. This is market data that an outsider just doesn’t have access to. This knowledge empowers good local agents to educate their sellers.

Rental payments now to be included as part of purchasing a home.

Hey RENTERS we have good news!  Rental payments now to be included as part of the underwriting process!

Happy Home Buyers.

What does this mean?

Did you know that effective Sept 18 Fannie Mae has allowed rental payment history to be included in the underwriting process. Essentially making it easier for renters to become homeowners!  

Rent is most times the largest expense for families and history of paying it on-time will now be considered for credit worthiness.  With Fannie Mae’s new guideline, any missed rental payment wont’ keep you from getting a mortgage.  With what’s going on around us, this couldn’t have come at a better time.

“For many households, rent is the single largest monthly expense. There is absolutely no reason timely payment of monthly housing expenses shouldn’t be included in underwriting calculations,” said Thompson. “With this update, Fannie Mae is taking another step toward understanding how rental payments can more broadly be included in a credit assessment, providing an additional opportunity for renters to achieve the dream of sustainable homeownership.”?

Those you might have been previously rejected due to lack of credit history may have greater chances getting into their dream home.

If you think this will benefit you, reach out today and let’s hop on a call to discuss next steps!

The Home Connection

Happy Tuesday and Welcome to August! Yep, I am a few days late on the monthly newsletter please forgive me I was having a very fun weekend at the Gorge and Watershed. A bit slow and tired today but it was worth it. 🙂 So as we slide into August enjoy with some great events, ideas, tips, real estate news and its National watermelon day so go enjoy!

Are You Ready for the Rainy Season?

Don’t get all wet. Prepare for the rainy season while it’s dry.

As Benjamin Franklin once said, an ounce of prevention is worth a pound of cure.

We know. The last thing you are thinking about at the summer barbecue is preparing for the stormy season. But it really is worth taking a look around your house during fair weather, because finding out you have a problem during inclement conditions is at best inconvenient and at worst very costly.

Check your rain gutters.
Clear them out and make sure they are in good working order to prevent damage to the roof or house.

Look at your roof.
If you see loose or damaged shingles, get them repaired. Look for tears and buckling on flashing. Check the chimney and look for damaged bricks, cap or cracked joints. Don’t forget the flashing there too.

Check indoors for signs of roof leaks.
Look for discoloration and peeling paint on ceilings and walls. Check in the attic for damp rafters.

Check the trees.
Trim back branches and cut sections that could fall in a rainstorm.

Check doors and windows.
Make sure there are properly insulated with weather stripping.

Look for water collecting at the base of the house.
Redirect water with trenches or drains.

Keep sandbags on hand.
if your area is prone to flooding, keep them filled and at the ready.

Check for erosion.
This is important if you live near a hillside. Shore them up if necessary.

Most importantly enjoy the fall and all the beauty it holds.

Snohomish County monthly real estate stats

September 20, 2016| Snohomish County Homes INC.

 Snohomish County Home

Snohomish County Statistics as of August 2016

Active Inventory: +13% Aug 2016 vs. Aug 2015

2009 available homes currently on market -46 vs. last month.

Pending Transactions: Up 14% Aug 2016 vs. Aug 2015

2071 units +94 vs. last month

Sold Transactions:+7% Aug 2016 vs. 2016

1748 units +75 than last month

Days on Market

Snohomish County Active to pending 26 days vs. 35 a year ago up 2 days from last month.

Median home price in Snohomish County is at a record high of $395,000!!!  +9% last year.  Down $3,000 from last month.

Area price % based on last Quarter

Bothell + 11%, Edmonds/Lynnwood +7%. Everett/Mukilteo +7%

Snohomish/Monroe+ 13%. Lake Stevens/Granite Falls +6%.

Marysville +14%

Real Estate news you can use!

Check out these articles for great information about our community and the real estate industry.

New home sales hit highest level in 9 years! 

Millennials still believe in the homeownership dream even if they can’t afford to buy

Housing market across the U.S. finally starting to look healthy

MORTGAGE & FINANCE news

Salary needed to buy a home in 19 major U.S. cities

Tips for staying out of debt

Calculate how much house you can afford

HOME trends

King County’s eco-remodeling tool provide tips for going green for your next home renovation

Four colors that may hurt a home’s sales price

LOCAL news

7 percent of Puget Sound homes are underwater, compared with 12 percent nationally

A teardown a day: Bulldozing the way for bigger homes in Seattle, suburbs

BLS stats show Seattle-Tacoma-Bellevue is #7 Metro area for fastest job growth

What does Vancouver’s housing market implosion mean for Seattle?

seattle

Seattle home-sale market provides small hint of slowdown

You need an annual salary of $83K to afford a home in Seattle

Everett welcomes the film industry, an important economic driver for local businesses

WEEKLY DOSE OF awesomeness

Happy 100th Birthday U.S. National Parks

 

 I hope your week is a great one! 

Jen Murrweiss | Remax Elite | 425-422-7243

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Homes for Heroes~ Real Estate savings


Homes for HeroesPicture of who is elgible

What is it?

Homes for Heroes is a national program dedicated to providing extraordinary savings to heroes who provide extraordinary services to our community each and every day, when they buy or sell a home.

What are the savings?

Savings will depend on the sales price of the home. As an example, a $300,000 house would receive over $3,000 in credits and discounts from all the participating affiliates and vendors involved.

What does it cost me?

Nothing because it’s FREE. There is no cost to you. All costs are covered by your local participating vendors.

 Can I buy any home and in any area?

Yes. This is not a government program with limitations or restrictions. This is the private sector giving back simply as our way to say Thank You for all that you do every day.

Are there any other benefits or savings after my transaction is done?

Yes. Through the “Friends of Heroes” Network participating vendors will offer discounts on various other services such as moving, storage, pest, lawn care, plumbing, electrical, cleaning and remodeling to name a few. 

Are there a lot of extra applications, forms or some future obligation?   

None.  The Homes for Heroes Promise is:

No hidden fees   No red tape  No catch

How do I find out more?

Go to HOMESFORHEROES.COM or scan the QR code below on your smart phone. Let us know who you are and what you do. A local affiliate will contact you with no obligation.

My Homes Heroes

 

Home services a Realtor’s referral list.

Under construction REFERRAL RECOMMENDATIONS FOR CLIENTS

An inspector I use, and highly regard, composed this list on tradesman he has used and trusts. If you click on the below link it will bring you a “tool box” in alphabetical order of almost every type of service, you could need in the Puget Sound area. Click here

Below are some that I (with the *) have used, recommendations from other agents and our area neighborhood recommendations.

General Contractors Handy Man 

  1. *RM Landscaping and Renovation – Roland 206-818-5078. Small or large projects. Fences, decks, lawn care, lighting, roofs, waterfalls, ponds, concrete driveways, retaining walls and more.
  2. *We Honey Do.com http://www.wehoneydo.com
  3. Justin Powell (GA Powell construction) 425-356-9022. gapowellconstruction.com
  4. Classic Remodeling NW, INC- Ward Hampson- 425-224-2004; cell-425-530-6818 http://www.classic remodelingnw.com; info@classicremodelingnw.com
  5. mrhandyman.com; 1-877-MRHANDYMAN (674-2639)
  6. Jim’ll Fix It- Handyman- 425-220-3749. http://www.jimllfixit.info/
  7. G-Versitile construction.Gymie Kelly 425-422-2101
  8. Jerry Green @ Image Fence 425-343-6604
  9. Josh Ross contractor/painter who likes to take on small remodels projects! Rosscontracting@zoho.com 206-225-1616

Gutters

  1. *The Gutter Guys- Steven Alley; 206-595-0771; stevencalley@comcast.net

Plumbing/Heating 

  1. *First Response Heating and air solutions 206-643-1525
  2. Solution Plumbing & Heating. Ryan Hurd 425-231-8599 solutionplumbingheating.com
  3. 411 Plumber Ambrose Herrera 206-229-4225
  4. Kings Heating – 206-361-1818
  5. Hamblen & Sons Heating Office: 360-658-0124 Mobile: 425-501-0123
  6. *CM Heating- furnaces, heat pumps, air conditioning, fireplaces (chimney sweep)

Landscaping

  1. *RM Landscaping and Renovation – Roland 206-818-5078. Fences, decks, lawn care, lighting, waterfalls, ponds, concrete driveways, retaining walls and more.
  2. King Landscaping 206-856-1267
  3. Lawn aerating-thatching Stewart Armour @ 206-214-5595 aerating-thatching.com/aeration.com

 Carpet Cleaning

  1. *Patrick Kelley Kelley’s Cleaning & Restoration http://www.kelleyclean.com/ 425-303-8294

Crawl Space

  1. *American Crawlspace- Brian 206-795-5844 or 425-308-1888

Carpentry work

  1. *Stuart Ross 425-268-2299

Kitchen/bathroom cabinets

  1. * Jim – architecturalcabinets.com 425-501-3642- Custom made and great prices!

House Cleaning Service

  1. *Jessica Shields 425-346-0485
  2. *King & Queen Cleaning and household services kingandqueencleaning.com 425-954-3337
  3. Alpine Cleaning http://www.alpineclean.com/

Pest Control

  1. *AA Advantage Pest Control- Stephen Gillis – 360-658-8811- aadvantagepest.com
  2. Eagle pest eliminators 425-398-7365 eaglepesteliminators.com

Electrician

  1. Dad’z Electric in Mukilteo (425) 493-1541
  2. Left Coast Electric 360-920-8484 Toby Foulke
  3. Renfro electric. 425-923-5088

Garage Doors

  1. *Allphase garage doors too. Kevin 360 651 7830

Security Systems

  1. *Jimmie Beam 206-261-1903. Jbeem@freedomsystemsinc.com

Septic

  1. Tri County Septic monitoring & septic services 360-659-7077

ORGANIZATION

  1. Top Shelf Organizing. Jill 425 283 9265 topshelforg.com

 ROOFING

  1. Davison Roofing Inc. 425-344-6151
  2. *Always Roofing in Snohomish info@allwaysroofing.com 425-345-5863

 TREE TRIMMER

  1. All in 1 Tree Service 347.7253
  2. Evergreen Tree Care 800-684-TREE (8733)

Windows and glass replacement and insulation

  1. *Superior Weatherizationjayaskus@yahoo.com 425-350-1194
  2. Washington Energy Services washingtonenergy.com 800-398-4663

 

Have someone you would recommend to a friend? Let me know I am always looking for great people to recommend. As I love to recommend great people and services please remember me for your Real Estate needs or those of your friends and family.

I am never too busy for your referrals!

 

Jenifer Murrweiss               REMAX Elite Realtor Consultant                           425-422-7243

snohomishcountyhomes@hotmail.com

Monday’s Real Estate Update

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LOCAL news 

The historic residences in Seattle’s Discovery Park that will soon be on the market have mountain and water views. I loved this place when I was a kid and will definitely be touring these homes.

Soon you’ll be able to buy one of the historic homes in Discovery Park

Snapshot of Snohomish and King County

In order below: County, New listings, total active, pending sales, closed sales, Average Price, Median Price. month of inventory and same time last year inventory. Read the full information from the NWMLS.

Snohomish 1,083 1,918 1,237 686 $341,735 $315,000 2.80 3.50
King 2,518 3,536 2,788 1,688 $487,745 $390,000 2.09 2.46

MORTGAGE & FINANCE news

 How to buy a home when you can’t afford one

There are down payment assistance programs in our state too. Just ask me and I can direct you to many that may help. Remember however there are guidelines and income requirements.

REAL ESTATE news 

Paul McCartney’s childhood home up for auction [VIDEO]

Home automation comes of age. Yes were heading towards the “Jetsons” age.

FOR FUN

Meeting the World’s first luxury tiny house. I am not sure about these they look like a trailer to me. Thoughts?

What the inspectors have to say….Tuesday’s Tips

ratI seriously hang out with inspectors too much. I personally have been a homeowner for 15 years and before I became a Realtor I had no idea the extent of maintenance you should do or, what you should watch out for. I have seen rat infestations in crawl spaces so bad that the entire crawl space is a bio hazard and the home owners never even knew.  When I am attending an inspection for one of my buyers I always hold my breath as they go in the attic, up on the roof or in the crawl space. These are the biggest areas of concern I see as “deal killers” if not maintained. Home owners don’t realize just a small hole, trees, branches or any kinds of greenery to close to the house and there could be something either in your crawl space or scaling up to your attic for a big party.

Gross huh? Not just rats but raccoons, opossums, mice, squirrels or one inspector told me the worst he has seen is a house down in the Edmonds waterfront area. A seal had her pups in the crawl space and was bringing fish to them making herself quite a home down there. Thankfully I was not at that one but could just imagine his face going down there with that smell and then seeing a mom with her babies. No wonder he said he practically flew out of there.

I am not trying to make this Tuesday’s Tips about crawl spaces but maintenance in general.  So, like I said, I hang with inspectors a lot and I love following them around and learning on what to look for and what is required. It helps me to be a better Realtor to my buyers and sellers who are depending on me to give them good advice. I have attached a link to one of the great inspectors I have used that enjoy providing me, and, anyone else with good solid information on home maintenance. Take a look  from water problems, to energy savings, LP siding, links to a huge library of home maintenance tips and teaching videos. I trust the inspectors I use. They specialize in the Northwest area and they know what affects our homes in our climate.  If you own a home, are a new home owner or looking to own your first home its always great to educate yourself and keep everything running in the home smoothly!

And remember…

Just say “no” to rats!! rat

http://www.snohomishcountyhomesinc.com