There is no doubt that the Seattle Area Real Estate Market will be better in 2009.
For Agents: There will clearly be at least one month in 2009...that is better than November of 2008.
For Buyers: No matter where or what you buy, it will be a better deal than if you had bought it in June of 2007
For Sellers: If you have owned your home for 10 years and haven't pulled out your equity and squandered it...you WILL walk away with a substantial profit.
For Agents: If you made it through 2008...you will clearly make it through 2009, even if you don't do anything better than you did it in 2008.
For Buyers: Your interest rate will be better than if you had bought in June of 2008
For Sellers: You are more likely to find a good, tech savvy agent in 2009 than you could have found at any other time in history.
For Agents: Don't waste your Spring Bounce period...it gets shorter every year...but it WILL come and go. So don't plan to go on vacation when it gets here in 2009
For Buyers: Do not, do not, settle for something you can't stay in for 10 years. Buy something that makes you happy...or don't buy at all
For Sellers: There's no time like the present. The price you get in 2009 is likely to be the best price you will be able to get in the next 3-5 years. Not a good time to "wait" for the market to get better if you can't wait indefinitely. Best case scenario is flat.
There's something good in 2009 about to happen for most anyone. Are you ready?
Below is a fabulous video used as a Commercial for the Washington State Lottery. In other areas you might expect to see someone buying a big expensive house and car. Not in Washington. While I think the commercial is about the person winning the lottery being "able to fly" as a result of having more money, I choose to interpret it as someone winning the lottery might use the money in this way. To help a penguin or a chicken experience flying for the first time, and for once in their life.
If you are thinking about moving to Seattle, I think you will be pleasantly surprised by the caring nature of Seattle's Citizenry. You would be hard pressed to find another area where you can meet so many caring neighbors. It's an excellent quality of life if you reach out and get involved.
Enjoy the video. I LOVE it and just wanted to share it with as many people as possible.
The tag line "whose world could you change?" speaks volumes about the mindset of people here. Less selfish. More helpful to others...and yes, you can change the World from Seattle, one person at a time.
Mike Santoro, my daughter Tina and my grand daughter Xochitl are in town from L.A. for Thanksgiving, and Mike is getting some absolutely awesome photos from my Master Bedroom Balcony.
The below shot shows the space needle to the left in the horizon. These photos are taken across Lake Washington from 10th Avenue in Kirkland.
I'm sitting in my Coldwell Banker Bain Office in Kirkland WA today enjoying one of the last gorgeous, sunny days before the Seattle Rains come.
Sandy Chin and I are talking about the changes in the Seattle Housing Market, and what we as real estate agents can do about it.
Right now, I'm just showing him how to write a blog post. We'll change the World tomorrow.
Read this story about Joe Sixpack and the Subprime Crisis. Then come back here and tell me who is to blame in that story.
Was it Joe...who by the end of the story becomes "Joe Sixpack"? Was it the Realtor? Was it the Lender? Was it the diappearance of the lenders who were supposed to do the re-fi in two years? Maybe it was the purchase of the puppy that broke the camel's back.
I'm sure you can all relate to this story and how it just crept along to where we are now...hard to find the villains in it. But we're all experienced professionals, so let's give it a try.
I look forward to reading your comments.
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Real Estate related posts focusing on the Seattle Area including Bellevue, Redmond, Kirkland, Green Lake, North Seattle and around Lake Washington to the Eastside aka either side of the 520 bridge.
"Ardell and Kim are outstanding real estate agents, and have gone above and beyond in getting us our dream location.
Our search took several months but they never lost patience and were always following up with good advice and good information. They were with us in the entire process, being there for us at short notice to look at properties, helping and educating us on various pros cons, giving us lots of advice throughout the process, and helping us make good decisions.
Above all, they have very high integrity. They were not afraid to turn us away from many, many properties even though they had a commission to lose at each point. They were more concerned that we get the right property for us at the right price. That is admirable indeed.
In addition, Ardell and Kim have an enormous amount of experience, both in evaluating properties, as well as evaluating buyers, sellers, and the 'other' agent. You only need to look once at Ardell's Blog and you will know they are super-smart.
In short, they rock!!"
Ganesh & Kala (Google)
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"Ardell and Kim are patient and trusted advisors, and we wouldn't think of making a real estate decision without them. We found their expertise to be reassuring and their transparency to be refreshing.
After being burned by an agent in the past we were skeptical about the value that agents could offer, but the level of knowledge, professionalism, ethics, and client dedication that Ardell and Kim brought to the table far surpassed our expectations. We recommend them highly."
-Erik & Chris
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"...I found Ardell. Full disclosure - we're working with her now. I'll tell you this, she walks the freaking walk..."
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"Is it real you ask? I keep pinching my arm just to verify and although I'm still not fully convinced, I'm pretty sure it's real... I went from discouraged internet home seeker to proud home owner in 2 and a half days. Couldn't have done it without you Ardell.
Thank you so much."
"Jack" - As Good As It Gets
If you are relocating to Seattle, see the link below for an ongoing discussion that has lasted for about two years between Seattle Area residents, agents and people moving to Seattle. You may find your questions and answers addressed there by others over that time. It is clearly one of the best sources of info for people thinking about Moving to Seattle that is available on the internet.
Top 10 Things You Should Know Before Moving to Seattle, Seatttle and Seatle
http://www.raincityguide.com/2006/03/07/10-things-you-should-know-before-moving-to-seattle/
Remember, the info is in the comments, not just the post itself.
The majority of my clients already live here and are both selling and buying in the area. Many are selling in Seattle or Edmonds or Shoreline or most any part of North Seattle through Mt. Baker and Leschi (I do very little if any real estate in West Seattle), and are moving to the Eastside and often to Kirkland, Bellevue or Redmond, but sometimes Kenmore and Bothell in the Northshore School District. Lake Washington Schools and Northshore Schools being my primary focus on the Eastside. Kirkland is annexing, or expected to annex, some areas toward and to Kenmore. So the Juanita and Finn Hill markets are interesting and more affordable at times. The new (not there yet) Totem Lake Mall will also be an interesting development as will be the revamping of the area near Overlake Hospital and Microsoft.
I have assisted buyers in the purchases on the Seattle side, but those clients were very internet savvy and did a lot of the looking on the internet and did drive bys as well. Rarely do my clients want "tours" of homes except on a first time out. Mostly we target homes to see via the internet and jump up and meet at only the best homes. Buying a home and the home search process has gone way beyond looking at what is "for sale". Often it involves the home listed 30 minutes ago and finding property that is not for sale. Life has changed and me and my clients run at the top fo the ridge in that regard. No old fashioned real estate except for my "having their back" part.
Should You Buy a Short Sale?
http://www.amazon.com/Newcomers-Handbook-Moving-Seattle-Handbooks/dp/0912301732
Sunday Night Stats for King County Washington
http://www.raincityguide.com/tag/sunday-night-stats/
Neighborhood Stats, this one is for Tam O'Shanter in Bellevue, but by special request I will do any neighborhood that I work in as "my service area". Just ask on this blog post and I will get the current info for any neighborhood by request.
http://www.raincityguide.com/2008/03/01/tam-oshanter-in-bellevue/
My blog is a place where I can write anything I want, but I don't notice comments there as well. So ask on the http://www.raincityguide.com/ site on one of my posts for quick response. My blog is a good source of more detailed market stats for those who like to Track the Seattle Area Real Estate Market beyond the Sunday Night King County version above. I try to keep them all in one category and the stats go back to 2005 and maybe even 2004.
http://www.realtown.com/Ardell/blog/tracking-the-market
ARDELL DellaLoggia - Seattle Area Real Estate - For all of your real estate needs. If you just want to talk about the market without being obligated to buy or sell real estate just because you spoke with an agent...just comment anonymously on my blogs here and there as noted above.
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