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Representatives of Realogics Sotheby’s International Realty announce the official grand opening of their new flagship branch office at 15 Lake Street in downtown Kirkland. The debut is a series of private events and promotions within the Connoisseurs of Life Showroom.
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Representatives of Realogics Sotheby’s International Realty announced today the official grand opening of their new flagship branch office at 15 Lake Street in downtown Kirkland. The firm opens to the public at 11:00am on Saturday, March 1st, 2014. This debut follows a series of private events and promotions within the Connoisseurs of Life Showroom, which fronts the real estate brokerage and includes a new downtown Kirkland office for Cobalt Mortgage. The retail partnerships are comprised of an independent wine bar and retail wine shop operated by DeLille Cellars called “Maison DeLille”, a dramatic installation by LightArt®, high-tech presentations by Wipliance, furnishings and artwork from Masins, Alchemy Collections and The Island Gallery, and even an integrated photo booth by The Snap Bar to capture the events.
“Following six months of design and construction, we’re eager to open for business,” said Dean Jones, Owner of Realogics Sotheby’s International Realty. “Our concept is to feature retail partners and exhibitors that target the connoisseurs of life, creating a consumer experience greater than just another real estate brokerage. We view the showroom as a lifestyle destination converging homes, art, wine and design. In addition to drawing traffic to our real estate team and partners, our brokers will benefit from this entertainment venue as they host their own events and promotions in the heart of Kirkland.”
The Kirkland branch of Realogics Sotheby’s International Realty is opening with 36 licensed agents and accepting interviews for additional broker recruits. Chad Zinda is appointed as the Designated Broker & Director of Sales and Shelley Cribbey is the Kirkland Office Manager. The broker collective will primarily specialize in Eastside real estate but will proudly service all property types and price points in the metro area and out of state through strategic referral networks.
The private preview events have already drawn praise from local leaders in the Kirkland community.
“We extend a warm welcome to Realogics Sotheby’s International Realty,” says Amy Walen, Mayor of The City of Kirkland. “The vision statement for Kirkland is to be ‘an attractive, vibrant and inviting place to live work and visit’ and as I toured the Connoisseurs of Life Showroom I was experiencing this very doctrine come to life.”
Similar praise was drawn from corporate executives attending the opening events from the global real estate network based in New Jersey.
“Realogics Sotheby’s International Realty has raised the bar again in conceiving the Connoisseurs of Life Showroom,” said Fran Santangelo, Senior Vice President for Global Operations of Sotheby’s International Realty Affiliates, LLC. “This fine company is well positioned to grow their enterprise with new brokers, especially considering their unique relationships with our other affiliates in Pacific Rim countries. The Kirkland branch office is an exciting addition to our growing footprint in Washington State.”
Sotheby’s International Realty Affiliates, LLC now oversees 661 branches in 45 countries and territories around the world including the newest arrival of the Kirkland branch office. Comprising 14,460 brokers worldwide representing more than 36,000 listings, the Sotheby’s International Realty Brand has become a leader in global real estate excellence.
For priority information on upcoming events and promotions, join the Passport Registry at https://www.rsir.com/contact-us#passport
Representatives of Realogics Sotheby’s International Realty announced today a retail partnership to showcase select furnishings and artwork from Masins, Alchemy Collections and The Island Gallery at their new Eastside branch office located 15 Lake Street in downtown Kirkland. The high-profile retail storefront will also feature a wine bar and retail wine shop operated by DeLille Cellars called “Maison DeLille”, an installation of custom light fixtures byLightArt®, an audio-visual presentation by Wipliance and exclusive residential opportunities represented by Realogics Sotheby’s International Realty.
“We are proud to represent a selection of products and works of art from these fine retail partners,” said Stacy Jones, Owner and Vice President of Realogics Sotheby’s International Realty. “We offer them prime retail exposure in the heart of downtown Kirkland. It’s also a convenient opportunity for our customers to experience a convergence of lifestyle brands all while sampling fine wines and exploring beautiful homes for sale – what’s not to love? We each target a very similar psychographic consumer profile, which we affectionately refer to as the connoisseurs of life.”
The 3,200 sq. ft. facility is set to open to the public on March 1, 2014. In addition to viewing the furnishings and art on display consumers will be provided catalogs from each retail partner within what’s been dubbed the “Connoisseurs of Life Showroom”.
For priority information on upcoming events and promotions, join the Passport Registry athttps://www.rsir.com/contact-us#passport
February 24, 2014 (Kirkland, WA) – Representatives of Realogics Sotheby’s International Realty announced today a retail partnership with Woodinville-based DeLille Cellars to open Maison DeLille at 15 Lake Street in downtown Kirkland. The high-profile retail storefront will feature a wine bar and retail wine shop operated by DeLille Cellars while also showcasing art, fine furnishings and residential opportunities represented by the global realty network.
“We are thrilled to partner with DeLille Cellars on Maison DeLille and we’re eager to open our doors later this month,” said Dean Jones,
The 3,200 sq. ft. facility is set to open to the public on March 1, 2014 – precisely four months to the day after The Puget Sound Business Journal first broke the story about the unique retail concept. Designed by Atelier Drome Architects and developed by Adatto Construction, the facility features 17-foot ceilings and a unique building-in-a-building structure with expansive sliding wall panels to create individual spaces for day-to-day corporate use or to open up completely from street to bay for larger events of up to 250 persons on special occasions.Owner of Realogics Sotheby’s International Realty. “Far more than a general real estate brokerage or a wine tasting room, together we’ve conceived the ultimate open house for the connoisseurs of life to experience a convergence of lifestyle brands within a single, beautiful setting.”
“Maison DeLille extends our brand well beyond our Woodinville-basedDeLille Chateau and Carriage House tasting room,” said Greg Lill, President of DeLille Cellars. “Realogics Sotheby’s International Realty is a marketing maverick with a window to the world and a lakeside location, which is highly attractive to us. By combining our resources and databases we’re destined to draw both individual consumers and special events business to downtown Kirkland.”
Lill says his special events business is second only to retail wine sales and venue rentals brings tremendous awareness for his brand and event clientele. He believes the Maison Delille storefront along with the convertible functionality of the brokerage office will be a popular platform for other retailers and artists, broker promotions, corporate events, fundraisers and other philanthropic interests. Jones agrees saying the gallery-like retail experience is more dynamic than a typical brokerage office reception area while activating the retail to brin
“Our Kirkland branch provides a fully functional brokerage operation with all the systems to support our growing real estate enterprise on the Eastside,” adds Jones. “We’ve gone to great efforts to ensure that our retail experience is multi-dimensional and evolving, much like a website home page needs to stay current. Besides, events are a great way to bring individual broker networks together without feeling like you’re in a sales environment.”g attention to his exclusive properties.
Local opinion leaders have been watching the development of what’s being dubbed the “Connoisseurs of Life Showroom” with great interest.
“Realogics Sotheby’s International Realty and DeLille Cellars are a perfect pairing – it’s a very savvy retail concept,” says Maria Royer, Principal of Real Retail – a Seattle-based retail broker that specializes in lifestyle brands. “They will benefit from a prime downtown Kirkland location attracting a likeminded consumer drawn to the beautiful homes, compelling art and fine wines. The showroom is like a lifestyle magazine coming to life while providing a living room of sorts for the community. And given its adjacency to the Kirkland Marina, I think Maison DeLille will also become a popular lifestyle destination for boaters on Lake Washington.”
For priority information on upcoming events and promotions, join the Passport Registry
If you’re considering selling your home in 2014, now is the time to get ready. Not next month, not next week, not tomorrow. Right now.
Why? Because buyers are already on the hunt.
The Internet is the new curb appeal
Last month will likely be remembered for polar vortexes, widespread snow, and historic traffic jams. Lost in the shuffle is that while American’s were sitting inside trying to stay warm, they were looking at houses for sale on the Internet.
Experian Marketing Services released its monthly most visited real estate website rankings earlier this week for web traffic in January. The results are eye popping.
Web traffic to real estate websites was up 25% from December to 364 million visits. Zillow led the way with over 57 million visits and Trulialimped into second at over 30 million visits.
If you’re considering selling and your home is not yet online, then every day you’re missing out on thousands (or even millions) of potential buyers viewing your home.
Even more incentive for buyers
Spring is coming, and that is certainly driving a lot of the interest in homes currently listed for sale. But there are other factors at play.
Mortgage rates have declined over the past month and are currently trending back toward 4% for traditionally structured, well qualified loans. This is a significant development for buyers, as interest rates are a huge driver of home affordability.
For example, a traditional 30 year, $150,000 mortgage at 4.5% would have a monthly payment of $760. If rates declined to 4.25%, the payment would change to $738.
For borrowers on the edge of qualifying for a mortgage, that $22 per month savings could make the difference between getting a loan approval or not. Over the life of the loan, that 0.25% difference saves the borrower $7,963!
For buyers, the time is now!
Buy low and sell high, right? For buyers, the time to buy low is quickly ending, creating a sense of urgency to buy now before prices rise too high or interest rates return to more historically normal levels.
According to CoreLogic and reported by Realtor.org, home prices in 2013 saw the largest percentage increase across the board since 2005, north of 11% as of December. The appreciation was most pronounced in the states that were hit hardest in the real estate collapse: Nevada rose 23.9%, California 19.7%, and Michigan 14% rounding out the top three.
Buyers are ready. Are you?
The spring selling season will be in full swing sooner than you think. Rates are low, there is urgency to buy now, and buyers are already coming out of their winter slumber. If you’re planning to sell you home in 2014, you need to be ready now. Don’t miss out on the perfect, well qualified buyer because you waited a moment too long.
Enrico Pozzo, Barry Bergner & The SeattlebyDesign Team
Original Post: http://www.fool.com/investing/general/2014/02/15/want-to-sell-your-home-the-spring-selling-season-m.aspx
5 mortgage misconceptions
(1.) Mortgage rates are only released once per day:
Mortgage rates are priced live with the market for all types of mortgages and can change frequently, sometimes dramatically, throughout the day. Because of the rapid changes in mortgage rates and a lender’s ability to control what is offered, it is important to lock the rate to hedge against the risk of rising rates.
(2.) Borrowers will almost always get the best mortgage interest rates at the bank where you have a checking account:
Interest rates are largely market driven and it’s unlikely your bank will offer the most competitive interest rate available simply because you bank there. The regulatory environment is such that lenders and banks use non-discriminatory factors such as FICO credit score, LTV, property type, occupancy, loan purpose to name a few in determining overall interest rate.
(3.) You must put at least 5% down in order to get a home loan:
It is a common misconception that you need to put down at least 10 percent or even 20 percent on a home, especially in light of the recent housing crash. But FHA (Federal Housing Administration) loans allow borrowers to put down as little as 3.5 percent. FHA loans have gained popularity and may be a good loan option for those who may not have a large down payment or have a challenged credit history. FHA loans are available to everyone, not just first-time home buyers. There are also alternative loan programs through other agencies, including the Department of Veterans Affairs (VA) and the United States Department of Agriculture (USDA). These loans also require little-to-no money down. Source: Click Here
(4.) When doing a loan with two borrowers, lenders will look at each of your credit reports equally when determining qualifications and interest rate:
When applying jointly for a mortgage, lenders will pull a borrower’s credit scores from each of the three major credit reporting agencies: Experian, Equifax and TransUnion. The lower of the two middle scores from each report will be used to help determine your mortgage qualifications and interest rate. This means that the least creditworthy borrower will have the greatest effect on interest rate and monthly payment regardless of who the primary or secondary borrowers are.
(5.) If a borrower goes through a short sale or foreclosure, they must wait 7 years before getting another home loan:
Not necessarily. In most cases, you’ll typically only need to wait 2-4 years to buy a home after short sale depending on your down payment and the loan type you select. The FHA back to work program only requires a 12 month waiting period if you can prove loss of household income of 20% and loss of employment for a period of 6 months. The waiting period after a foreclosure is longer. Typically you’ll need to wait 3-7 years before getting another home loan. Even if you can afford to get a mortgage right now, you’ll need to rebuild credit to have a good credit score, which can take a few years to rebuild. Unique circumstances can lead to different outcomes, so make sure to check with your lender. Source: Click Here
5 Mortgage Don’ts
(1.) Make any large unexplained deposits into bank accounts. Large deposits will need to be explained within 90 days of applying for a mortgage loan and will be questioned by underwriting unless the deposit is a documented gift.
(2.) Make changes to your employment or income. Job stability is a major factor in the underwriting of a mortgage loan. Changing or quitting jobs, or deciding to become self-employed can greatly endanger the loan approval. Talk with your loan officer before you make any changes in your employment or income structure.
(3.) Apply for new credit of any kind leading up to applying for your mortgage or during the process before closing. For example, don’t establish credit lines for furniture, computers, appliances, etc. .
(4.) Overcharge or max out existing credit cards. This can cause havoc on your credit score and you need to show a track record of responsibility and show that you can manage your money.
(5.) Move money around or make any adjustments or transfers in your asset picture. Refrain from changing investments, moving positions, opening or closing accounts or substantially changing your asset picture without contacting first contacting your loan officer.
Thank you to Carese Busby of Colbalt Mortgage for these helpful tips!
Falling in love can be wonderful—and finding the perfect house can make a house-hunter weak in the knees.
As Valentine’s Day approaches, a survey by Realtor.com shows that falling head-over-heels for a house is fairly common—69% of respondents reported that they have had a home crush. House-hunters with a “home crush,” as defined in the survey, are drawn to the same house again and again. Realtor.com surveyed 1,082 individuals from Jan. 9 to Jan. 20 who reported having had a home crush.
Many people approach house hunting the same way they approach dating, by checking compatibility and fit, but the intangible factors are what tips a house from crush to true love, says Leslie Piper, Realtor.com’s consumer-housing specialist and an agent with Pacific Union in Lafayette, Calif.
“You have to make sure you know what’s really out there. You evaluate what is a turn-on and turn-off, and perhaps you’ll fall in love,” Ms. Piper says.
Also like dating, men and women approach a home crush very differently.
Some key findings from the survey:
Women are more likely to crush on home that is out of their price range: 41% of women said their home crush is out of their price range, compared with 30% of men.
Men tend to move from one home crush to another: 36% of men said they find a new home crush weekly, compared with 29% of women.
Outdoor living spaces are the most attractive home attributes to both men and women: 54% of women and 46% of men said outdoor living spaces like backyards, decks and patios make them fall in real-estate love. In addition, 42% of women preferred open-floor plans, and 40% of men indicated garages.
Nearly 80% of homebuyers first find their home crush on their computer. After that, about one-third then decide to go see the house in person.
About 16 years ago, Brenda Van Fossen of Lynchburg, Va., stumbled on a 2,600-square-foot, contemporary-style house with 10-foot ceilings and an open-floor plan. She called up the agent and was disappointed to hear that the house was already under contract.
But Ms. Van Fossen couldn’t get the house off of her mind. A year later, she found out that the house was back on the market and purchased it for roughly $170,000.
Ms. Van Fossen, who became a real-estate agent in 2006, says she has never felt this way about a house before: “That first night there, it sounds silly, but it was like I was in love.”
But love can have a downside—heartbreak.
“You have to be realistic. When you’re looking at homes outside of your price range, the last thing you want to be is disappointed. It would be like falling in love with someone on the other side of the country,” Ms. Piper says. To move on, she suggests keeping an open mind and perhaps considering several houses at the same time in case the first choice doesn’t work out.
Fortunately, unlike with relationships, picky homebuyers do not need to limit themselves to what’s on the market, she says. Rebuilding, redecorating or building from scratch are an option, too.