Real Estate – Why DATA is the New Black

Volume 2005-2008

Early Friday evening one of my favorite long term clients asked me this question: “Why is the market so slow these days? I have an alert for ($) houses in (zip code) and I barely get a couple of hits every week west of (the freeway). Almost always tear-downs.” (actual specifics from his email removed) […]

Costco Signs Major Lease With Vulcan – Issaquah

Just received a press release that Costco is leasing 176,656 sf of space from Vulcan (Paul Allen) Real Estate at Sammamish Park Place in Issaquah. Sammamish Park Place is a 3 building complex totalling 586,823 sf with the other two buildings being occupied by Microsoft. This complex was built in or around 2000, so I […]

Should you hire a lawyer when buying or selling a home? Depends – do you want to reduce your risk?

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As long-time readers know, I have been promoting the idea that attorneys should be involved in real estate transactions for about eight years (boy, time flies!). And it took me a looooong time to understand the difference between blogging and shameless self-promotion. I think I’ve learned, and hopefully I strike the right balance and tone here, […]

It’s Hard Out There for Buyers, Lesson 2: Make Sure You’re Dealing with the “Agent-in-Charge” (It May Not Be Who You Think)

DeniedStamp

Here’s another quick tale from the trenches as I continue to work with clients at my new real estate firm, this time from the rough-and-tumble market of South King County.  Yup, it’s tough everywhere… My client identified a home in Kent for purchase.  It had been on the market for 200 days, with a couple […]

“Offers to Be Considered on a Future Date”: Is This Really Fair to Buyers?

DeniedStamp

As I work my way back into the market following the launch of my real estate firm, I am learning just how difficult it is from a buyer’s perspective.  Specifically, I am trying to get a client into a $400-500k home in West Seattle.  It turns out there are only a few thousand other people […]

The Death of Mortgage Blogs

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There is a buzz going on among fellow mortgage bloggers about how days may be numbered for mortgage blogs. This is as a largely the result of guidance issued by federal regulators late last year specifically on social media. When I first read this guidance, my initial response was “so what? This is pretty much […]

An Open Letter to Glenn Kelman, Redfin CEO, on the “Discount Real Estate Broker” Model

Glenn Kelman

Dear Glenn: I’ve been following Redfin since its launch in 2006.  The year prior I started my own law practice focused on residential real estate.  I soon realized that I could provide the legal services needed by a home buyer or seller for a fee significantly less than 3%. Moreover, by 2005 it was apparent […]

How much for stainless appliances?

appliances

Stainless has become a preferred color option. Most people who say “stainless” are not always talking about expensive Stainless STEEL. As long as the color is the same, most people don’t care. Easy way to tell if it is Stainless “Look” is to carry a fridge magnet when you are shopping for appliances or houses […]

Carpet Credits do not help sell your home

carpet

I think most people know that offering a carpet credit does not work…except that many sellers and real estate agents still fall back on the language “$5,000 allowance for carpet” as a lazy way out. 1) It doesn’t work because once people see filthy, pet stained carpet, they don’t buy the house period unless it […]

Selling a Kirkland Condo – Staging and Photos

Kirkland Condo

Whether I am helping a client sell a house or a condo, my thought process is generally the same. Start at “buyer profiling”. Who is likely to buy this property? Then make a list of the top 3 to 5 reasons why THAT person, whom you have targeted as the likely buyer, will choose THIS […]