Do I need to put up my “Sold Out!” sign?

We are getting close to the half way point of the year and what we can definitely say is that the real estate market is busy.  Ask a real estate agent how the real estate market is in Seattle and if they don’t include the word “busy” in their response, they are not telling the truth.

After storming forward through this month of June with my head down working, I looked up and realized, “hey, I’m completely “Sold Out!”  As of Monday, our last Active listing had received multiple offers within 2 days of being on the market.  And to top that off it was a short sale!

Now, thankfully this morning we put on a beautiful home in the Madrona neighborhood (Click on the link: http://vicaso.com/18165) , with have another home coming on in Judkins Park soon (Click on the link: http://vicaso.com/17114), and 4 New Construction homes in Capitol Hill as well.

With things moving so briskly in Seattle we could very well be posting another “Sold Out” sign.

We need to do a Short Sale…well maybe you don’t.

These are some very interesting times in the Seattle Real Estate market.  Properties selling within days, multiple offers, everyone in a panic as to how quickly things are moving, and the E-word…Escalation Clauses.  And of course we still have Short Sales, foreclosure dates looming, and bank owned properties popping up daily.

One of the good stories for me recently was a situation for some clients who contacted me about selling their home as a short sale.  They were very much under the impression that based upon what they owed and where the market had declined for their property, they were destined for a short sale.  Times were tight, and the outlook didn’t look very rosy.

So we met and discussed the short sale process.  However, in reviewing of the market for their home I found that we may have the possibility of utilizing the current market to their advantage and avoiding a short sale on their home.  Our chances of making this happen were akin to Chone Figgins being at the plate with 2 strikes, in the bottom of the 9th with 2 outs, runners on 2nd and 3rd and the Mariners down by 1 run.

Our best case scenario was to get a 2-run single to the gap and pull out a victory from the jaws of defeat.  C’mon Chone Figgins!

We decided to forge through with listing the home at a value that I believed was doable based upon market trends, and would at best allow the seller to break even.  What transpired was more than a .197 hitter could imagine.  Not only did we get an offer within the 1st 24 hours of being on the market; we received another offer to begin the competition.  The ensuing bidding pushed the price to $10,000 above list price…can we say:

Fly Away! Chone Figgins with a 2 out, 2 strike, 3-run homer to win the game…MY OH MY!

The buyers closed within a short amount of time and lo and behold, my clients were walking away with quite a large surprise at closing in their pocket.

On a side note, this all occurred as Chone Figgins got off to a great start with the Mariners this April right around the time we needed his clutch hit to get our sale completed.  As of this blog’s entry, he is now relegated to the bench due to his batting slump.  Good thing there is such thing as “timely hitting.”

Seattle Real Estate Listing Sold: 400 Boylston Ave E, Closed 3/07/2012

List Price:$133,600
Sold Price:$129,700
Seattle Real Estate Listing Sold. Glorious 1931 vintage building. Mahogany woodwork, oak floors, art deco lobby, elevator, cat & dog friendly & private garden courtyard. 3rd floor true 1 bedroom unit w/city view is ready for your move in. Downtown skyline view from all rooms. On-site Manager.

24th and E Thomas St – New Construction Updated Progress

  
4 New Homesites

4 Unit Development Site in Capitol Hill / Arboretum Area Coming Soon from Albert Clark & Associates.  Built by Pete Granger, these 4 homes will have a modern flair with equisite styling.  Designed by Medici Architechts, these homes should be ready for occupancy by Mid 2012.

517 Temple Place – Central Area New Construction

Central District Neighborhood New Construction – 517 Temple Place Seattle, WA 98122

Welcome to Seattle’s Central District and Leschi Neighborhood. Modern design with stunning lines and detail. Conveniently near Madrona/Leschi biz district, Lk Wa, UW, Seattle U., & more. Designed by Playhouse Design and Built by All Day Construction.  Contact us for more info at 206-465-4129

 

 

Bank of America Short Sale Approved in 22 Days!!!

We are very pleased and thrilled to have received a Short Sale Approval in just 22 days from Bank of America!  This short sale was for a 1st and 2nd lien on our listing in Bonney Lake, WA.  Over $100,000 in deficiency waived by the lender, with a closing in time for everyone to have a peaceful Christmas holiday.  The sellers will avoid a foreclosure and the buyers will be able to close on their home purchase in time for the holidays.

Another successful short sale approval by Albert Clark & Associates.

 

24th Ave E & E Thomas St – New Construction Home Site Mid 2012 Completion

4 New Homesites

4 Unit Development Site in Capitol Hill / Arboretum Area Coming Soon from Albert Clark & Associates.  Built by Pete Granger, these 4 homes will have a modern flair with equisite styling.  Designed by Medici Architechts, these homes should be ready for occupancy by Mid 2012.

 

512 27th Ave – Seattle New Construction Sold Nov. 22nd, 2011

Occupy Seattle….Really?

I was watching the news the other day and noticed a blurb about Occupy Seattle taking over a property in Central Seattle as their outpost.  The property has been vacant for a couple of years now as a project had been stopped in the middle of rehabbing the building for expansion.  What thought jumped out at me was whether it was right for Occupy Seattle to take over this property for their own personal agenda?  

The owner had been working in the process with the banks to deal with the property, and as many know, lending institutions do not move quickly in resolving issues with properties.  Granted this property is an eyesore, and I won’t deny that, but is it really in the rights of anyone, whether Occupy Seattle, or some random strangers to squat in a property because they believe they have a right to do based upon their own beliefs, political agenda, homelessness, whatever? 

If they had known the circumstances of the owner, would they be so inclined to jump in and take what they believe to be a property for the taking?  There are many reasons why properties are in disrepair or not occupied and I find it very hard to accept that anyone can stake claim to what belongs to a property owner for their own personal use, media attention, just to justify their cause. 

The property belongs to someone and it isn’t Occupy Seattle’s right to trample on that persons property rights for media attention.

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