Mr Monk Buys a House

Mr Monk

Mr. Monk returns to TV with a premiere episode this Friday, July 18th. This one will be near a dear to our hearts. He’s going to buy a house! That’s right. Here is your most OCD client in a life-imitates-art drama.

When his new neighbor plays his music too loud, Monk decides it’s time to move. He makes the big leap and buys a house that turns into a money pit, reminiscent of the 1986 movie that we agents like to give to first-time buyers who think they are ready for a fixer-upper. Things continue to challenge Adrian when he hires the handyman from hell who is determined to rip up the entire house. Brad Garrett form Everybody Loves Raymond guest stars.

Mr Monk Buys a House - trailer
Episode Trailer

Most of us agents have had clients like this to some degree and I’m sure there will be a number of been-there-experienced-that moments. I just wanted to make sure those who didn’t know have a chance to TiVo or whatever to see it.

Hands-free law starts July 1st – That means Realtors too!

Look Ma, No Hands!

Washington State will go ‘hands free’ for cell phone use in the car on July 1st, so agents (and everyone else) shouldn’t be driving around with one hand up to their ear anymore. Well…that’s the intent anyway. The Washington State Patrol says you could face up to a $125 fine, although it is suppose to be a secondary offense. Real Estate agents are notorious for this, myself included. Fortunately, for several years I have had an integrated hands-free system in my car (Acura RL) which has given me a head start on being compliant.

I thought I would mention some options for agents, or for that matter anyone who spends a lot of time on the phone in their car, who are just taking the plunge into the deep blue-tooth ocean of products to help them figure out which device might be better suited for them. But don’t just go out and buy one of these devices. Do your research and check with your provider about what they offer and recommend. These days many products and services are specific to wireless vendors, like Verizon, Sprint, and AT&T.

hands-free driverFirst of all, you’ll need a bluetooth capable cell phone. Many, if not most, of the newer cell phones have this capability. But if yours doesn’t, you’ll need to upgrade. These days people change out their cell phones pretty frequently anyway. But if you have been waiting, now is probably a good time. Just be sure you understand how your cell phone plan will be affected and hopefully your carrier won’t force you into signing a new extended service contract.

If you have a newer model car that has integrated bluetooth capabilities you’ll want to check which phones work with it (not all do) and use the products they recommend, if possible. This information should be in your manual. When my car was introduced integrated blue-tooth was still new and it did not specifically support my phone and service (a Palm Treo w/Verizon), but fortunately I was able to trick it (read “hack”). It would be a real drag to decide to buy a $50,000 car because of it’s bluetooth capability only to find out it won’t work with your phone or service.

If you don’t have integrated bluetooth in your car, then you should consider getting either a headset or component speaker system. Most headsets these days just fit in or around your ear and are pretty small. They often use a microphone technology that relies on the vibration of your jawbone, much like your inner ear, which keeps it very small and helps with noise cancellation – cool huh?

Here are some hands-free bluetooth earbud and speakerphone options from $65 to $125:

Bluetooth Jawbone HeadsetThe New Jawbone – Jawbone is the hot bling-bling of the bluetooth world right now. Their marketing is aimed at the fashion-conscious among us. This is perfect for the agent who is most worried how it will fit in with their wardrobe. The have good noise canceling technology too.

Bluetooth Jabra SP5050 SpeakerphoneJabra’s SP5050 – This unit is made to be clipped to your visor and has a speaker system built in. Jabra is well known and were the first to come out with hands-free bluetooth headsets and use digital signal processing (DSP) technology.

BlueAnt’s Supertooth 3 – Another visor clip-on speakerphone, the Supertooth 3 announces the name or ID of the caller when the phone rings – just say ‘OK’ to Bluetooth Blueant Speakerphoneaccept the call. This device is suppose to be very easy to install and it uses ‘Text-to Speech’ software. The voice prompts provide guidance and assistance install and to help pair the device and upload your cell phone’s address book. When a call is received, the Supertooth 3 announces the incoming caller’s name or number. Just say ‘OK’ to accept the call. You also have a choice of 6 languages.

Bluetooth Venturi MiniVenturi Mini – The Venturi Mini directs incoming calls to the cars speakers and includes a FM A2DP audio player and no headset or wires are needed. With phonebook download the incoming caller appears on the Venturi Mini and your car radio simultaneously. This unit plugs into your lighter plug in and offers USB support too, which means you can charge other devices.

You’re going to need to configure your bluetooth cell phone with your hands-free integrated car system or your bluetooth hands-free device. (wireless headset or speakerphone). Once you pair the device and phone you’ll need to do some set up and preferences. Carefully read the manuals regarding hands-free dialing with your Address book and configuring everything to match your network (Verizon, Sprint, AT&T). Most likely you’ll need to “train” the system to recognize your voice and / or connect phrases with numbers. You may need to tell it when you say “Call Jim” to dial the appropriate number.

Take the time to do this and it will be worth your while. This is what the “hands-free” is all about. Now you can impress youir clients with your tech-savvy skills and stay out of jail at the same time!

Any RCG Readers want to jump in and share their favorite hands-free bluetooth goodies?

Pocket Listings in Seattle?

I was a meeting this weekend with an agent in Southern California where he showed me a website he says he visits a couple times a week.   A competitor had built up a large repository of “pocket listings” for the Beverly Hills area and then stuck them behind a registration wall… of which he visited regularly.

Being a Rain City Guide kinda guy, I’m not keen to put things behind registration, but I am fascinated by the idea of putting together a page of pocket listings as a resource for Seattle area agents and consumers.  If you’re an agent who serves any area supported by the NWMLS and you’d like to advertise a pocket listing on RCG, let me know in the comment below.

If I get 5 or more pocket listings in the comment section of this post in the near future, then I’ll assume there really is demand for such a tool in the Seattle area and I’ll start up a new page (right between “About RCG” and “Seattle Agent Recommendations”) for pocket listings.

Here’s the only information I need from you:

  • Neighborhood
  • One to two sentence description of the listing
  • Contact information (name & phone)

For obvious reasons, I’m assuming that most agents won’t want to list the address of the pocket listing, but if you want to include that information as well, all the better.  And just to be clear, this is a free service of RCG.   Assuming it becomes a lot of work, I may charge a nominal fee to cover my time and/or automate the system, but I honestly don’t see that happening in the near future.

Are there rules for getting your pocket listing on RCG? Most definitely!   But I don’t even know what they are yet.   However, I will definitely figure out some rules if people start abusing the system.    Some potential rules that come to mind: (1)  Only allow agents to list their top 3 pocket listings, (2) must let me know if a pocket listing gets listed on the MLS and/or (3) must let me know if a pocket listing is no longer available. But even those rules aren’t hard-and-fast yet until I get some feedback from the community.

So, if you are an agent intersted in getting some additional exposure for your pocket listings, let me know!

8 New Seattle Neighborhood Blogs Added to Neighborhood Round-Up

Since my last Neighborhood Round-Up, we have 8 new Neighborhood blogs added to the Rain City Guide Blogroll.  When I go through the existing blogroll reading the neighborhood blogs, I am always looking at their blogrolls to find new ones to add to RCG.  Two weeks ago I emailed Dustin the most recent ones I found, and he added them…did ya notice? 

So I want to introduce our 8 new Neighborhood blogs, please welcome….

Over at My Ballard , the struggle to FREE Ballard from 101 years of oppression is being marked with a free prize at Archie McPhee…just say the Secret Word!   

Moving to Southeast Seattle, The Rainier Valley Post announces all (it’s quite a list!) the fresh goodness now at the Columbia City Farmers Market.  

Central District News reports that a CD P-Patch will soon be growing from a vacant lot. 

 A Tree Grows in Capitol Hill…8 Block Walk is worried about a favorite Pocket Park tree. 

How to bike to work from an island…photo essay from Surrounded By Water: A Mercer Island Blog 

At The South Lake you can make your mark on a poll…”Do you pay to ride the S.L.U.T.?” 

cap to the hill reveals a secret place…joe’s bar…to spend some time.  

inBelltown …well, “it’s currently down while we undergo maintenance.  We’ll be back online soon!”…is missing it’s RCG debut! 

New Seattle Neighborhood Blogs….  Welcome to the Rain City Guide Blogroll!

May Day Seattle Neighborhood Round Up

It’s May Day today in Seattle and hopefully we are now finally into Spring and warmer weather.  To celebrate the return (not to mention the return of the Neighborhood Round Up after its unscheduled winter hibernation) are a few Seattle Neighborhood Blog postings on Spring….  

Happy May Day Seattle! 

Alki  marks the time for Tulips at Pike Place Market, and Ballard Avenue marks an earlier, colder Tulip!  

Over on Broadway Seattle the warmer weather is bringing fresh produce…another kind of “produce” is noted on Capitol Hill Seattle.   

Arbor Day festivities last weekend in Issaquah Undressed.  Market fresh produce is coming in May to SammaMishmash .  

Kirkland Weblog and the False Spring Day on April 12th, and Spring brings color, blooms and babies on Queen Anne: All About the Neighborhood.  

Spring brought more than flowers to Lake City Blog…Tweedy and Popp!  And lastly, a different “sign” of the Rites of Spring in West Seattle Blog

Thank goodness Spring is finally warming up!

Question from today's short sale class

Realtor: “Jillayne I have nine short sales going on right now and,”

Jillayne: “Wait a sec, did you say NINE short sales?”

Realtor: “Yes, and here’s my question. One of my clients refinanced her Redmond home and took 89,000 cash out. Then she bought another home in another state with that cash. Now she wants to do a short sale on her home here in Redmond. It looks like she’s going to be short about 100,000. The lender on the Redmond home can’t go after her new home out of state, right?”

Jillayne: “Short sales are for homeowners in financial distress with no assets. The lender being shorted will ask your client to sign a new note/deed of trust in the amount of the shortfall and this new deed of trust will be recorded against your client’s new home.”

Realtor: “Yes, but their home is out of state. The shorted lender can’t do that, can they?”

Jillayne: “Yes, the lender can do that.”

Realtor: “But the home is in another state.”

Jillayne: “Your client is going to have to prove that they do not have any other assets. Just because a piece of real property is not located in Washington state doesn’t mean it’s not an asset. Washington state is not that special.”

Readers, why should lenders just randomly “forgive” the shortfall for all homeowners wishing to sell short? Especially homeowners who took cash-out equity loans to buy other real property. Surely there are some hard luck, true financial distress situations going on nationwide, but this is not one of them.

Besides, I thought homes in Redmond were holding their value.

Reminder: Homeowners selling short and/or in foreclosure should always obtain legal counsel. Google your state bar association to get started.

Best Pizza Delivery in Seattle

Nov5eable 129

Hands down…Pagliacci. Do you have another favorite? I’d love to hear it. My “standby” is the Brooklyn Bridge…however the “seasonals” are a treat…The pizza in the photo is the current seasonal: Salumi’s finocchiona salami, Mama Lil’s goathorn peppers, roasted fennel, mozzarella and ricotta cheese on an olive oil base.

Delish! Do you know of a better pizza delivered to your door in Seattle? Bring it!

Are Short Sales Affecting our Home Prices?

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This downturn in real estate is so much different than the one we ‘older than dirt’ agents experienced in 1980’s. Then, with inflation over 12% and interest rates over 20%, we knew why we were in so much trouble and saw only long term effects since it was a problem with our national economy. We were using rubies, horses, businesses, anything we could use for exchange for a down payment and doing ‘mushroom closings’ where the sale wasn’t recorded to avoid paragraph 17 of the note to kick in. (before you judge, let me mention that this was with attorney guidance!)

This time, it’s been very very confusing since our national economy is healthier, inflation appears under control and here in the Puget Sound area, there is low unemployment and signing bonuses are again being offered for qualified high tech employees.

So, the big question here in the northwest (I’m only referring to the NW, specifically King, Pierce and Snohomish County and of course, there’s Wenatchee), is, is this a short term or a long term correction.

And, is the effect of the short sale inventory going to be a drag on our home prices. There are phenomonal discounts right now in short sale properties. However, are they really affecting the price of normally marketed properties? Do buyers see these short sale properties as good homes for them to purchase, or are we only attracting fix and flippers and other investors to these properties.

The nwmls statistics show that in King County, there are 71 short sales, trustee, or foreclosures in the entire county. Of these, 27 are active, with an average price of $397,000 and average days on the market of 134.

21 are under contract either sti or pending and only 1 is sold in the last 6 months. So, with 27 active, and 22 sold or under contract in all of King County, compared to 8355 active, 1731 sti or pending and 10126 sold in the last 6 months, is there really a measurable effect? or is this just a temporary hiccup?