Our client’s extraordinary floating home on Ward Cove is featured on a Curbed Seattle article titled “12 houseboats and floating homes for sale in Seattle right now.” Water views don’t get much better than this!
Move Down/ Empty Nester Strategies in a Challenging Market
For many of us, our children have either already grown up and left home, or they will be leaving the nest soon. We are no longer interested in spending long hours keeping up our yards, and our homes are larger than what we need. If you are among those in this boat, the good news is it is a fantastic time to sell a home! The bad news is that buying a home can be challenging in the current Seattle-area housing market. If your goal is to stay in the area, there are a couple of good long-term and short-term strategies.
Many homeowners in the Seattle area are hesitant to sell their homes right now unless they can purchase their new home before selling their existing home. The Seattle housing market is the hottest real estate market in the country, with no signs of slowing down. January 2017 marked the 17th month in a row that Seattle has led the country in home price increases. Because of this, homeowners feel secure in owning a home and worry that they will not be able to find another home that they love in the hyper-competitive market. This has made low housing inventory a common theme in our area, driving up competition and prices for buyers. If you are worried about buying a new home in this market, you can explore creative methods, like a home equity line or other financing options that will allow you to purchase before you sell.
Another option is to get started on a two-year strategy. If in-city life appeals to you, purchasing a condo presale could be a good option. Developers prefer to sell future condominium homes prior to breaking ground on the project. For an empty nester that isn’t quite ready to move, there are a few excellent benefits for taking this route!
- First, you are purchasing at current market prices, which will very likely save you money in this skyrocketing housing market. All that is required is a small deposit (usually 10%) with no additional payments until closing. If our market continues to appreciate as it has, by the time you move in you will already have significant equity in the home.
- Second, you will be moving into a brand-new home that suits all your needs. Many empty nesters appreciate the smaller size of condominiums, the convenience of location, the lack of yard to care for, and the lock it and leave it lifestyle that is perfect for travelers.
- Finally, you will have plenty of time to get your home ready to sell, pack up, and downsize your belongings. This will result in maximizing the sale price of your home!
The SeattlebyDesign team is always available for consultation on your specific circumstances.
Please don’t hesitate to contact us!
-Barry Bergner
Sold in Westlake!
Our client’s Westlake floating home closed at $1,150,000! It was a pleasure working with them and we wish the new owners the best of luck in their new space.
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Pending in Bryant!
Our modern home in Seattle is currently pending!
Designed with attention to detail resulting in a minimalism both rich and complex. Efficient, sleek, and contemporary this luminous home has a brilliant floor plan from entry to living room, dining room, and kitchen. Simple modern lines merge with warm contemporary tones from the interior to the outdoors. 4 bedroom and 2.5 bathroom remodel plus addition. Urban living in the heart of Bryant. A park with basketball, tennis courts, and playground located next door. Close by amenities include PCC, Metropolitan Market, Burke-Gilman trial, and all that U-Village has to offer. The perfect property when simplicity is what you long for.
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Pending in West Seattle!
It has been a busy week for us at SeattlebyDesign! Our client’s West Seattle waterfront Cape Cod is currently pending!
Enjoy the essence of San Juan Island living without ferry travel. With its wide stance, this lovely Cape Cod style home enjoys 180+ degree west-facing seascape views from most every room. Gourmet kitchen. Beachcomb, enjoy the sea life, runabout in your boat… Tide-out beach is flat and reaches for miles. Sea life galore; crabbing, oysters, clams, geoducks, seals, and eagles! Dine & entertain on a 60ft-plus deck. Hot tub included!
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Realogics SIR Annual Sales Production Exceeds $1 Billion
Realogics Sotheby’s International Realty announced a pivotal sales milestone of surpassing $1 billion in residential sales volume over a trailing 12 month period as of October 2016, according to Trendgraphix research. Since commencing operations with the Sotheby’s International Realty network in February 2010, the new Seattle-based brokerage firm has quickly expanded to five regional offices including Downtown Seattle, Bainbridge Island, Kirkland, Issaquah and Madison Park, with more than 200 brokers and employees that proudly serve all property types and price points.
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New Listing! Modern in Bryant
Designed with attention to detail resulting in a minimalism both rich and complex. Efficient, sleek, and contemporary this luminous home has a brilliant floor plan from entry to living room, dining room, and kitchen. Simple modern lines merge with warm contemporary tones from the interior to the outdoors. 4 bedroom and 2.5 bathroom remodel plus addition. Urban living in the heart of Bryant. A park with basketball, tennis courts, and playground located next door. Close by amenities include PCC, Metropolitan Market, Burke-Gilman trial, and all that U-Village has to offer. The perfect property when simplicity is what you long for.
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Featured as Home of the Day on the Puget Sound Business Journal
We are proud to share that our Cape Cod-style home in Burien is featured as Home of the Day on the Puget Sound Business Journal! Help our clients win Home of the Week by voting for our property here. If we win, you will get to see us in this weekend’s paper!
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What’s Next: Your November Event Calendar
Your comprehensive guide, check out what’s going on! From holiday parades in Belltown and Free National Parks Day, to Magic in the Market at Pike Place, here’s what’s happening around the sound.
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RISE Properties Debuts the First Grand Dame of Fort Lawton
Announces Grand Opening this Weekend October 29th & 30th (11am-5pm); A truly unique opportunity to own legacy real estate in Seattle
For the first time in history, one of Fort Lawton’s largest estates known as “The Ellicott” is being offered for private ownership at $2.8 million.
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