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"The Maple Valley Specialist!" Colleen Fischesser Broker/Owner 425-432-5400

Your Agent's Communication Style-What AND How

I was blessed to have been trained by an amazing broker when I first began my real estate career. She held the most fabulous sales meetings which were motivating and enlightening.

One meeting in particular sticks in my mind where she was creatively impressing upon us the lesson that it's not enough to say the right thing, but rather, the right thing must be said in the right way. She passed out a piece of paper to about 5 of us. On the paper was written the phrase

"you're not getting your earnest money back"

and then below that an emotion: angry, sad, happy, embarrassed. Then each person read the phrase with the accopanied emotion out loud to the group.

Even though we had some theatrically challenged agents iparticipating, the point was well made.

How we deliver news and information is equally as important as the content delivered.

When considering hiring a real estate professional, many Sellers or Buyers ask good questions:

  • What's your experience in the industry?
  • What are your fees?
  • How many homes have you sold in my area?

But equally important, and in many cases more important to evaluate how the agent presents him/herself. I don't mean dress, car, jewlery. But rather how well do they communicate with you? Do they come across as knowledgeable and articulate?

There have been times when I'm talking with another agent on the phone and am tempted to press record (I don't have this capability so don't worry if you decide to call me)and play the conversation back to them.

Agents can be unknowingly rude and aggressive, inordinately passive and indecisive or extremely articulate and professional....and many have no idea that their verbal skills (both good and bad) are influencing the transaction and negotiations.

So when choosing a real estate professional to market your home, or help you make your next purchase, make sure they are not only qualified, and competent, but ask yourself,

"Am I comfortable with this person speaking on my behalf?"

Looking for Something to Do This Fall?

Shorter days and cooler evening and morning temps (not to mention the mounds of pumpkins at Maple Valley Market) are sure signs Fall has arrived.

Rather than just hanging around the TV each night, have you considered taking a class through the Tahoma Learning Community?

My Fall schedule just arrived and there's something for just about any age and/or interest.

Everything from Dog Obedience to Costa Rica travel.....Art classes for kids, photography, computer classes, boating safety, dance, art, cooking....you name it!

The Mission Statement of the Tahoma Learning Community is as follows:

"The Tahoma Learning Community is a collaborative partnership between business, schools, and community dedicated to enhancing inter-generational life long learning. By serving as a clearinghouse for educational resources and activities, the Tahoma Learning Community will provide opportunities for citizens of all ages to increase knowledge and skills and to share learning experiences."

The ever popular Ski Bus program for Middle Schools, Junior High and High School is co-ordinated through TLC and sign-ups for Ski Bus will begin in October.

For more information about classes or programs, you can call TLC 425.413-3405 or visit their website.

Maple Valley Short Sale Myths

There has been so much written in the news, reported on TV and talked about around the cul-de-sac with respect to Short Sales and whether they are worth a Seller's time or effort. I don't know why, but for some reason everyone in the Universe seems to think they are an expert when it comes to dispensing real estate advice.

Here are a few myths I've heard recently:

  • If you're not behind in payments, the bank won't consider your short sale.
    • Not true! While you'll likely have to demonstrate a hardship to your lender, you do not always have to be behind in payment in order for the bank to consider your offer.
  • Once you've received a Notice of Trustee's Sale, there's no help for selling so you might as well hand the keys over to the bank.
    • Not True! Once you have a signed listing contract, some lenders will postpone the Auction Date to allow time for you to get an offer. If they aren't willing to do that, then they usually will halt the sale once an offer is on the table. An experienced Short Sale Realtor will be able to help you with this process.
  • There is no advantage to a seller to work out a short sale with their lender vs. letting the house go in Foreclosure.
  • Short Sale offers never go through and the house ends up in Foreclosure anyway.
    • Of course there are no guarantees, but I review files daily...many of which are short sales and I can tell you that to a large degree, the success of a short sale being negotiated is directly related to the knowledge and experience of the Listing agent representing the seller.
  • Any agent can help a seller with a short sale.
    • True, but refer to the prior bullet point.

If you know someone in Maple Valley or the surrounding market area who needs or wants to sell but is upside down in value, please have them call me or email my team or a Realtor experienced in the Short Sale process.

Statistics show that prices in a neighborhood drop about 10% when a Foreclosure is listed....let's all help be part of the solution!

Maple Valley Market Snapshot-What's Going On?

 

Maple Valley Market SnapshotFirst time home buyers are driving the entry level market, enabling "move-up" buyers to finally be able to consider a change. It will be interesting to see what happens come November when the first time home buyer tax credit deadline is imminent. It will be tough to tell whether a slowdown (if any) is to be attributed to the end of the credit, or a seasonal slowdown.

But for now, this is what's going on with Single Family homes located within the Tahoma School District:

 

Active Listings: 263   Average List Price $431,761    Lowest Price: $115,000    Highest Price: $3,375,000

 

Pending Listings: 115    Average List Price: $344,786  Lowest Price: $124,786   Highest Price: $1,049,000

 

Sold (6 months) Listings: 488   Average List Price: $362,281  Lowest Price: $65,000   Highest Price: $3,800,000

 

There are several signs that our market is stabilizing and recovering, that's another blog post, so please check back!

 

 

 

Maple Valley Rental Market Update

As Summer winds down, it seems there is suddenly a flurry of rental activity in the Maple Valley area. Many owners have made seasonal adjustments to prices and suddenly properties are renting right and left. Whether you're a would-be investor, tenant or landlord, you may find it helpful to stay on top of market trends with respect non-owner occupied properties.

Here is a snapshot of rental activity within Tahoma School District boundaries as of today and what has rented within the last 6 months*

Properties Currently Available: 14

Average Rental Price: $1600/month

Properties Rented Last 6 Months: 30

Average Rental Price: $1570

If you're an owner thinking about leasing your property, I encourage you to consider RE/MAX Select Property Management services. We are the only locally owned and operated company in Maple Valley. Visit our website to view current rental properties and learn more about our services.


*These represent single family properties listed for rent through NWMLS only and do not reflect private rental transactions.