It’s Friday, let’s sweep! || a throw down + a proposed LID + guest blogger, topic: “Amazon move”

Windermere Real Estate Co.

Welcome to Friday! The sun is out, I see blue sky. Should I stop right there?! Ok, I will proceed – let’s sweep this week and prepare for the next…our weekly habit and digestible bites, together. First things first, a throw down…

Windermere Ballard is issuing a trivia night throw down challenge!! Do you have your team together? Are you smarter than Ballard? On Thursday, April 26th at 6:30pm, Ballard will be getting together at The Market Arms for Trivia Night. The cost is $40 per team (up to 4 people per team) and everything raised goes to the Windermere Foundation. There will be prizes for the winner, best team name, and best outfit. And bragging rights. Rumor has it, Sand Point has 5 teams already! Smack talk begins…3, 2, 1, NOW!

To reserve your spot, go to your fabulous WRE Foundation rep in your office or email Ballard broker, Sara Medford at smedford@windermere.com.

This. I’m just learning about this. I may be late to the table in sharing and am wrapping my head around the proposed LID for our waterfront neighbors. I’m pondering adding this as a topic to my next podcast, as I learn more. Demco most likely will have soundbites for us – what we should know, be speaking to, disclosing…as real estate professionals should this come to light. In the immediate, dive in and learn with me…Waterfront Seattle | Local Improvement District [LID]

I did not know this either! Broker, Diane Terry is our guest blogger today based on her social media post this week. Diane, thank you for sharing!

*and yes, I asked permission to re-post!*

…”Amazon will give you a discount for 90 days? It’s among the offers of 10-25 percent off you can access when you file a change-of-address with the U.S. postal service. You’ll get coupons for CB2, West Elm, Wayfair, Lowes, Bed Bath & Beyond and more.

But the cherry on top is Amazon, from which you probably order dozens of little things every time you settle into a new place. Whether you’re nabbing a new abode or sending a child off to college, don’t forget to take advantage of the only “free money” that comes with moving.” – Diane Terry Amazon move details here!

…and speaking to lending a hand in moving  + community happenings – we have 3 shred events upcoming! Nice to know we have options to shout out. #WeAreWindermere

April 28th | 11-3 | Wedgwood Office

May 12th | 11-2 *shred only* | Madison Park Office

May 19th | 10-2 | Metropolitan Market, hosted by Sand Point

Stay curious my friends and have a fantastic weekend in productive work + play. Here to help, that is the ultimate goal!

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

It’s Friday, let’s sweep! | March digestible “science” > know your #’s

Windermere Real Estate Co.

Welcome to Friday! I’m dipping my toe back into our local market as I prepare to re-enter post vacation next week. In taking a look at our March Seattle Reports, these are the digestible bites I have noticed…

Ps, Feel free to leave a “comment” in the comment box (upper left hand corner of FWL blog) in what you’ve noticed…I’m curious what you’ve noticed?!

***I’ll call each of you next week if you leave a comment – let’s connect!***

 

MARCH MONTHLY TALKING POINTS
Seattle (based on Residential and Condominium report):
Active inventory rose 6% to 600 properties but buyers experienced no relief with the median price increasing 15.7% from March 2017 to March 2018 ($730,000 from $630,900).
Well over half (60%) of the 766 properties that closed in March sold for over asking price.  The median amount above list price was 10%.
82.4% of the closings had Days on Market of less than 15 days.
Who a buyer hirers can be the difference of owning a property or not.
4.44% interest rates are 0.63% higher than 2017 low of 3.81% (September 2017).
For the FULL reports for both Seattle + Eastside click here
password updated || wreapril

I’ll be back in the offices next week post Spring Break! I’ve enjoyed goofing off with these fine people in Disneyland and Palm Spring – hot, hot, hot!

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

 

 

 

It’s Friday, let’s sweep! | Episode #8 Double Down:: marketing

Windermere Real Estate Co.

This week, Episode #8 in our Double Down podcast is ready to deliver to you! Our episode runs just under 34 minutes with Ballard manager Darlene Sozihno, broker Kayse Gundram and Windermere’s new Regional Marketing Director, Christopher King. The topic:: marketing.

Enjoy the conversation!

Episode #8 now hosted on my homepage along with the rest of the episodes – homepage here!

…and I hope you find a little luck, a pot o’ gold or even a four leaf clover this St Patty’s Day weekend! Here to help – give a shout if you need anything.

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

It’s Friday, let’s sweep! | A St Patrick’s day event planned for you!

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

Six,

This week lets digest an opportunity in fun + community. Next week we’ll get back to our local market from a statistical optic as we navigate our fiercely competitive spring market.

Do you have plans for St Patrick’s Day?

Let me help you with that! Windermere is again proud to sponsor Debuts & Discoveries co-presented by University Sunrise Rotary Club and Seattle Uncorked, this year benefiting Friends of the Children.

Debuts & Discoveries is a beer, wine and spirits tasting that showcases some of the newest and best producers in Washington. This is our 5th year in sponsorship as it perfectly aligns with the Windermere ways in being local, community focused and benefitting at-risk kids right here in Seattle.

The 11th annual Debuts & Discoveries will take place on March 17th, 2018 from 5-9pm. This is an easy fun invite to your clients, sphere and the like! If you’d like to request digital marketing around this event – email Maddy:: tuneup@windermere.com – she has the creative goods!

More details + tickets here!

 Come! You might just find that pot O’ gold on St Patty’s Day!

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

It’s Friday, let’s sweep! | the armchair series featuring…

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

Six,

If you haven’t noticed just yet our 2018 Luxury Breakfasts are featuring “The Armchair Series” – a series of guest speakers outside of us – a way to bring perspective outside of our everyday.This week we hosted Skylar Olsen (Senior Economist from Zillow). Matthew Gardner interviewed Skylar – very informative and yes, lively. I jotted down a few digestible bites…from the armchair of Skylar Olsen:

A recession in our midst? | Expects to see a mild cyclical recession towards the end of 2019 – fed induced. Clearly our region is strong. HQ2 is not an Amazon flight from Seattle. Plus, Seattle is not just Amazon anymore. We’ve been welcoming Zillow, Tableau, Google etc…. Our intellectual capitol is strong in the workforce. It also turns out our housing market continues to be cheap compared to those coming from LA, San Jose and the Bay area in general. We are talking median home prices in those regions in the $1.4M range.

Bets on Amazon’s HQ2? | Austin.

2018 inventory? | Skylar is now less bullish in thinking inventory will loosen up.

Impact of foreign buyers? | Zillow’s research shows there is not a spike in on-line searches from foreign buyers in our region after Canada imposed a 15% tax on foreign homebuyers. Zillow watches and grabs data from IP addresses – they believe the best way to track where people are searching from.

First time homebuyers? | They are here. A major part of our market and will be coming on strong. Currently showing up strong on-line. Median age, 33. Median age of first time homebuyer use to be late 20’s.

Mortgage Rates? | By end of 2018 expects to see conventional loans just under 5%. Jumbo market more stable the past couple of weeks, fyi.

Appreciation this year? | Median price homes = low double digits. Luxury market = will stabilize, at a slower rate.

Bubble? | Skylar mirrors Matthew Gardner opinion on this. Answer: no bubble based on fundamentals. Instead, a slow down. A mild one.

…and as we wrap up, I’ll leave you with this brain tattoo that I head this week::

Your speed of learning must exceed the speed of change for you to remain relevant.” Success will come to those of us that get in front of the inevitable. #alwayslearning

And for those of you what want to join me for the Battle of the Barristers – details again + registration here. Love love love to save you a seat!

BOB_logo_web

 Stay curious my friends,

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

 

It’s Friday, let’s sweep! | soc #’s crunched + best brawl of the year – legal that is!

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

Six,

Does offering a 3% SOC matter to your Seller?

The numbers have been crunched. The data is in (thank you manager, Rob Graham!) and yes, it is showing us that it is a financial benefit to your Seller to offer a 3% SOC. These findings are broken out by MLS area [Seattle only] and reflect our local [single family only] market for 2017:

In every case reducing the SOC to 2.5% from 3% added days on market and reduced the final sale price compared to the original list price.
Area 140 – 13 more days on market and a reduction in sale price by 4.17%
Area 380 – 9 more days on market and a reduction in sale price by 2.48%
Area 385 – 6 more days on market and a reduction in sale price by 2.48%
Area 390 – 24 more days on market and a reduction in sale price by 4.34%
Area 700 – 11 more days on market and a reduction in sale price by 3.92%
Area 705 – 9 more days on market and a reduction in sale price by 2.99%
Area 710 – 11 more days on market and a reduction in sale price by 6.49%

Powerful story? I think so. Knowing the subtle is part of your value. Show it, articulate it.

Join me for one of the best legal brawls of the year! I’m registered. Let’s fill the tables and engage with the brightest of real estate attorneys as they debate the hottest legal issues. Over breakfast we’ll earn clock hours [pending], take part in debate and reduce our legal liability – aka, keep us on our toes. Sound fun? Ps, this event typically sells out. Register here.

Battle of the Barristers

March 29 @ 8:30 am12:00 pm

BOB_logo_web

Reduce Your Legal Liability

Cost: $60.00 Member (discounted for us!)

Registration & Continental Breakfast: 8:30 AM
Program: 9:00 AM-Noon

Hilton Bellevue | 300 112th Ave SE, Bellevue, WA 98004

Instructor/Moderator: Mike Spence

The Barristers:
Jeannie Simpson | Chris Osborn | Lars Neste (Demco!) | Doug Tingvall

 

 Stay curious my friends,

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

It’s Friday, let’s sweep! | strategy + best of the best + panel of experts + computation of time + soc’s

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood

Six,

Welcome to another Friday, together. I wrapped up teaching Buyer Savvy Strategies at Professional Development this morning. As an instructor, these classes are a constant reminder that our brokers are constantly working to be at the highest level of professionalism.

#bestofthebest.

Ps, I’ll be teaching this class one more time in 2018 – Oct 11th with co-instructor, Kristin Munger. Today I have to give a special shout out to broker, Greg Lewis for sharing his toolkit in working with Buyers in this market! And if you are curious the content, feel free to listen in on Episode #5 Double Down podcast here as Kirstin + Greg + I dig in. The strategies + content are relevant in any market.  Key: have a process and make it consistent. Enjoy the conversation and tools!

Speaking of the #bestofthebest – we had well over a third of our Company at the CW’s Panel of Experts class this week. Topics ranged from wire fraud + discussions in including 22T or not + encroachments + mechanics liens etc…Thanks goodness we have Troy St George (CW) & Lars Neste (Demco) in the ring with us. This is 100% complicated content although we are supported. Know this. Ask questions – big or small!

Coming out of this class there are 2 items worth touching on…

Wire fraud & disclosure > Lars again recommended that a best practice is to keep the Wire Fraud Alert – one-page disclosure – a stand alone doc when working with your clients. Being a true epidemic right now this conversation and disclosure should stand all on it’s own vs getting lumped into a giant catch all of a disclosure packet. I checked the NWMLS – this Washington Realtors doc is located under the “pamphlets” section. Your offices have it handy for you as well.

NWMLS 22T  [Title Contingency Addendum] > Lars and I are working on crafting a clause that could be used to allow Buyers + Sellers the ability to include 22T yet limit it to the Supplemental piece. This will be a nice tool in our toolbox. Stay tuned on that…​

Computation of Time | Presidents’ Day
When computing time for your purchase and sale agreements, a reminder to regard this Monday, February 19th as a legal holiday. Presidents’ Day is a legal holiday under Washington Law. ***FYI, our offices are open regular business hours Monday.
In the next couple of weeks we will have data for you to share with your Seller’s regarding offering a 3% SOC. Hint hint: the 2017 data in Seattle is looking to prove that it is 100% beneficial to the Seller to offer a 3% SOC. Excited to share this with you! Thank you manager, Rob Graham for crunching these stats – they are telling a powerful story.

Stay curious my friends and enjoy the upcoming weekend in productive work + play.

Laura Smith, General Manager | Windermere Real Estate Co.

FridaysWithLaura_Web Banner R3

Ballard + Eastlake + Madison Park + Northgate + Sand Point + Wedgwood