Three things to do to get a home if you’re a buyer in Seattle and you ‘just can’t right now’: Accredited Seller Representative talks getting what you want as a buyer in a seller’s market

Some neighborhoods have two weeks’ worth of inventory at the moment. (I’m looking at you, Magnolia, Ballard, Bryant, Green Lake, etc.) A less frenzied market would have 3-6 months worth of inventory. Less than three months’ worth is considered a sellers’ market, more than six months a buyers’ market. It doesn’t take an economics expert to tell you this is a hot sellers’ market. This shows no signs of letting up in Seattle proper any time soon given the number of well-paying employers in our beautiful city. But don’t despair! Here are three things you need to do in this market to successfully accomplish your goals, both lifestyle and financial.

 

Be brave. Everyone who gets something worth having faces challenges and discouragement. Choose a Realtor who has the industry savvy, paperwork knowledge, and people skills to get your offer accepted. Then listen to that person’s sage advice. They can find out a lot of information pertinent to the situation that is not evident to the public eye. It may be outside your comfort zone to zoom in quickly with an offer, but so is needing or wanting to move and continually experiencing disappointment when your offer is rejected or you receive a notice that your favorite property goes pending before you’ve decided to submit an offer, all while the market continues to make up ground and appreciate. As a listing agent, I’ve seen plenty of offers that my clients didn’t accept, sometimes because of negligence on the part of the buyer’s agent in writing or submitting the offer. Pick a well-informed, experienced, full service real estate broker. Their services are free of cost to you and their representation is invaluable. If you have to call an office hotline to reach that person, so will a listing agent in the heat of trying to help their sellers figure out which offer to go with. (Hint: this never helps that offer’s cause. Time is of the essence because all offers received have expiration dates, necessitating timely communication on the part of your broker.)

Be ready. In a Seller’s market, you don’t have the luxury of sitting on the fence about a particular property once you’ve found what you’re looking for. Many homes will already be pending close within a week of being listed. Look at new listings as soon as possible, don’t wait for the open house.Your preapproval or proof of funds needs to be in place, and you need to stick with whomever wrote that preapproval letter once the seller has accepted your offer. Don’t screw up your financing by making any big credit purchases (cars, boats, etc) until after closing. Be available and respond as soon as humanly possible to texts, phone calls, and emails from your broker during and after offering on a property.

 

Be flexible. By this I mean, be aware that your initial vision for what you need and want may mature through the process as guided by the reality of what’s available and what you can afford. That huge yard or ideal floor plan may be worth compromising on if you find the right location or the location might turn out to be different than you had initially wanted, based on other things adding up to the right fit for you. People with millions to freely spend on a home have an easier time checking all the ‘want’ boxes. If you aren’t in that fortunate minority, focus on what you need. Add that garage or those stainless appliances as you go, or knock that wall down later for a more open feel. Your real estate broker should be able to point out which changes are feasible and steer you toward a qualified contractor. Property ownership has worked out the best over the course of history for those who are able to think and act in a long term context. The only thing you can’t change about a property is where it’s located. Unless you buy a house and have it barged to a nearby island, in which case call me because I want to help you crack the champagne bottle on the front of that barge.

Despite the limited inventory, right now is a great time to go after what you want. Be it a new house, or any dream you have in life! Fear is a powerful motivator, but not always one that helps us move forward. Enlist expert help, get educated, and go for it!

Katie Herrick is an Accredited Seller Representative, negotiations expert, and Director of Cooper Jacobs Luxury Properties Division, Seattle. She works regularly with both buyers and sellers in the Seattle area.

Sunset Hill Homes For Sale: Just Listed

Ballard’s Sunset Hill Neighborhood Offers A Perfect Answer sunset hill homes for sale

Just Listed in Sunset Hill:  3440 NW 62nd St  (SOLD)

  • Just listed!sunset hill homes for sale
  • 4 bedrooms
  • 2.25 Baths
  • 2440 Sq Feet
  • Lot Size: .12 Acre
  • 1 car Garage
  • Fireplace
  • 2nd Kitchen
  • Sauna
  • MLS# 763738

This Sunset Hill home features Puget Sound views, sunset hill homes for salemany original details & plenty of charm. Main level has oak hardwoods, view deck, gas fireplace & lots of light. Upstairs level has 2 bedrooms with expansive view of Puget Sound & mountains to the west.sunset hill homes

The basement is well laid out with actual ADU potential, a separate entrance, spa like bath, sauna & cozy bedroom. Recent updates include roof, gas furnace & water heater. Large yard with shed, garden area, alley access & more parking. Attached 1 car garage. A wonderful home.

$649,900

For more information on 3440 NW 62nd St in Seattle, please email our Sunset Hill Realtors. 

SunsetHill@CooperJacobs.com

Are you interested in Sunset Hill homes for sale or other Ballard Real Estate?  We have great Sunset Hill Realtors who know Sunset Hill and know Ballard.

Ballard Waterfront Condos: Sunset West On Shilshole

Sunset West Condos on ShilsholeLooking at the last 180 days of the Ballard real estate market and specifically at the Sunset West Condominium complex on Shilshole, there has been some interesting activity to share.

A background for the Sunset West on Shilshole in Ballard:  This highly sought after condominium complex was built in 1968 on the Shilshole Bay and is located at 6533 Seaview Ave NW and 6535 Seaview Ave NW.  There are less than 200 units in the complex and it is loaded with amenities.

Sunset West Condos For Sale Right Now:Sunset West On Shilshole

There are currently 4 Sunset West condos for sale which range from 534,900 for a 2 bedroom 1.5 bath to 925,000 for a 3 bedroom 1.75 bathroom view home.  The average days on market is 53 days with a range of 16 days to 80 days.

Sunset West Condos For Sale That are pending in the MLS with offers:

There are currently 3 Sunset West condos for sale that are pending which range from 325,000 for a 1 bedroom 1 bath to 579,950 for a 2 bedroom 1.75 bathroom view home.  The average days on market ranges from 26 to 107 days. Two of these are pending in escrow and one is pending inspection in the MLS currently.

Sunset West Condos for saleSunset West Condos That Have Sold In The Last 180 Days:

There are 4 Sunset West condos that have sold in the MLS in the last 180 days.  These ranged in final list price from $375,000 for a 1 bedroom 1 bath to 899,950 for a 3 bedroom 1.75 bathroom view home.  The average days on market was 31 days with a range of 1 day to 58 days. If you are interested in the SOLD prices for these Sunset West Condos for sale, the final sales numbers are below:

6535 Seaview Ave NW #B710, Seattle, WA 98117 (1BD/1BTH/960SQFT)

Sunset West Unit B710 sold on 3/21/2013 after only 1 day on the market.  It was listed for $375,000 and sold for $381,500Sunset West Condos In Ballard

6535 Seaview Ave NW #B212, Seattle, WA 98117 (2BD/1.75BTH/1120SQFT)

Sunset West Unit B212 sold on 5/23/2013 after 58 days on the market.  It was listed for $425,000 and sold for $400,000

6535 Seaview Ave NW #A712, Seattle, WA 98117 (2BD/2BTH/1350SQFT)

Sunset West Unit A712 sold on 6/17/2013 after only 7 days on the market.  It was listed for $650,000 and sold for $640,000

6535 Seaview Ave NW #A301, Seattle, WA 98117 (3BD/1.75BTH/1600SQFT)

Sunset West Unit A301 sold on 4/10/2013 after 58 days on the market.  It was listed for $899,950 and sold for $875,000.

The average dollar per square foot for the Sunset West condo sold units in the MLS  is $443.87 and overall for all of the above Sunset West condos for sale, pending, and sold, the average dollar per square foot is $480.73 with a range of $357.14 to $660.95 depending on condition, upgrades, view, size, etc. Let us know if you are interested in finding out how much your Sunset West Condo is worth.

If you are interested in a great Ballard waterfront condo, then here is a great Sunset West On Shilshole Condo For Sale:

Shilshole Bay waterfront condos balcony

6535 Seaview Ave NW #602B

Even on a dreary grey day in Seattle, this is a premier waterfront location with beautiful views.  One of the coveted 3 bedroom end units is for sale at Sunset West!  All of the pictures above and below, BTW, were from this Unit!  It is truly remarkable!

Here are the remarks from the Cooper Jacobs Real Estate Listing :

Just what you’ve been waiting for! All done with exquisite style and grace in premier Sunset West Condominiums.  Big active views of the marina, Shilshole Bay, Puget Sound, and the Olympic Mountains in Ballard’s vibrant waterfront  Shilshole neighborhood.  Enjoy 24 hr security gate, large outdoor pool, lush grounds, and tons of parking for you and your guests.

Spacious end unit has 3 bedrooms, 1.75 baths. Kitchen with granite counters, oodles of cabinet space & new high end appliances. Separate utility room with over sized front loading washing machine and dryer. Sumptuous master suite. 2 view decks off living room, dining room, & master bedroom. We are happy to give you a private tour while it lasts and show you all the amazing amenities of this particular condominium complex on Ballard’s Shilshole Bay waterfront.

Sunset West On Shilshole Bay Seattle

Sunset West On Shilshole Bay Seattle:  Looking for a premier Seattle waterfront condo with incredible views?

Shilshole Bay waterfront condos balcony

6535 Seaview Ave NW #602B

Even on a dreary grey day in Seattle, this is a premier waterfront location with beautiful views.  One of the coveted 3 bedroom end units is for sale at Sunset West!  Here are the remarks from the Cooper Jacobs Real Estate Listing:

Just what you’ve been waiting for! All done with exquisite style and grace in premier Sunset West Condominiums.  Big active views of the marina, Shilshole Bay, Puget Sound, and the Olympic Mountains in Ballard’s vibrant waterfront  Shilshole neighborhood.  Enjoy 24 hr security gate, large outdoor pool, lush grounds, and tons of parking for you and your guests.

Spacious end unit has 3 bedrooms, 1.75 baths. Kitchen with granite counters, oodles of cabinet space & new high end appliances. Separate utility room with over sized front loading washing machine and dryer. Sumptuous master suite. 2 view decks off living room, dining room, & master bedroom. A must see!