Our new project in Ballard has just begun, and we’re already running into a multitude of problems. One of the first major setbacks in our project is three illegal dwelling units. Many of our clients have also run into similar issues with their investments, and we’re going to take a minute and discuss some of [...]
As the seasons begin to change, so does the supply and demand of the real estate market. Recent months have shown a slight uptick in inventory and the beginnings of a market shift. However, market trends and shifts aside, there are seasons of real estate that ebb and flow regardless of larger market trends. SEASONS [...]
It can be expensive to stage a home, especially after a pricey renovation. The market is hot right now and homes are selling faster than ever, so why is staging important? Staging does more than help the home sell faster, studies have shown for every $100 invested, there is an average return of $400. A [...]
With inventory low and the real estate market hot, buyers are eager for a quick sale in order to close on the home they want. We spoke with our listing team for some tips and tricks that they recommend to clients who are getting ready to list their investment properties and below are some of [...]
As inventory continues to deplete, investors are searching for opportunities in other avenues. Recently, it has become increasingly more common for investors to pursue their next deal at the foreclosure auction. While many investors accept this new acquisition source, others remain skeptical. Our auction division, Heaton Dainard Foreclosures, is asked the following questions regularly: What [...]
“What are some ‘deal killers’?” – Margot of Kirkland, WA For me, power lines, I won’t buy properties directly on power lines or directly on freeways. I feel they’re very hard to sell and it’s very difficult to determine what the price is on these types of properties. Additionally, properties with persistent water issues (high [...]
“Tell me about the one that got away (a deal you missed out on). And what lessons you learned from it?” – Lucas of Auburn, WA I never get too emotionally involved in any deal; it’s business. You can’t take anything too personally, so there’s really never been one that hurt or has stung me [...]
“Have you ever backed out of a deal and why?” – Jett of Shoreline, WA I’ve never backed out of a deal that I’ve waived feasibility on. I always do all of the due diligence up front to make sure that the property works for us, and once we’ve committed deposited earnest money that is [...]
“I’m looking to rent out my investment property but I’m not sure how to price it. What aspects are usually involved when deciding rental rates?” – Jose of Woodinville, WA Rental rates are very market and neighborhood specific, but also depend on: bedrooms, bathrooms, square footage, the type of property, parking, and if it has [...]
“What is a short sale?” – Jenny of Issaquah, WA A short sale is a type of sale where the homeowner has fallen behind on their mortgage and is facing foreclosure. Rather than taking a full foreclosure on the homeowner’s credit score if the lender approves, the current owner can sell the home for less [...]
