Pin-tight, move-right-in bungalow at affordable price point! Substantial upgrades have been completed by this careful owner, making this home an ideal launching pad for beginners or smooth landing for right-sizers. HardiPlank siding, hi-end vinyl double windows, gas heat and cooking, roof installed 2016, & many appliances new in last 5 yrs. Artistic period details, hardware, crystal doorknobs, etc. honor sophisticated ‘40’s architecture. Sweet yard professionally landscaped with patios & composite deck for relaxing and entertaining, securely fenced backyard. Great location: Columbia City Light Rail, restaurants, shops, parks & LK WA -everything needed for easy living is within 1mi. radius. Pre-inspected. All is ready-just bring your stuff.
Information provided as a courtesy only, buyer to verify. For more, go here.
4841 S Raymond Street Seattle, WA 98118 $530,000
MLS #2044948
Beds: 3
Baths: 2
1,100 sqft
Golden opportunity to get a foothold in popular Seward Park neighborhood! Mild fixer in superb location needs someone to finish the polishing. Hardwood or fir flrs thru-out, big picture windows, tall ceilings, spacious country kitchen, clever floor plan w/ flex-use sunroom & den, and bedrms are thoughtfully distanced from primary living areas. Brand new designer bath has luxury vinyl plank flooring, new fixtures, tile tub surround, speaker system for calming music. Fun & fashionable lighting, some windows replaced, gas heat, dry storage in basmt. Extra LG lot has amazing evergreens, good spaces for outdoor entertaining. Less than 1mi to Café Vita, shops, restaurants & Lk WA. Move in w/ instant equity-make it your own kind of fancy!
Information provided as a courtesy only, buyer to verify. For more, go here.
You’ve seen “For Sale” signs around your neighborhood, but what does it take to actually put your home on the market? First-time home sellers often enter the selling process unaware of what’s to come, their heads full of questions. Understanding the selling process will inform your conversations with your real estate agent and will help you stay organized and on schedule as you sell your home for the first time.
Though you’ll eventually walk away from the sale of your home with a lump sum in your pocket, the selling process isn’t without its costs. Real estate agent commission costs typically account for five to six percent of the sale price, but they’re not the only expense you’ll encounter on your selling journey. Between repairs, home upgrades, staging, escrow fees, Capital Gains Tax and more, it’s important to budget for these costs before listing your home.
A successful selling experience starts by working with a professional real estate agent. Real estate agents specialize in keeping up with local market conditions, they have the tools to competitively price your home, and they understand what is driving buyer interest in your area. But beyond these qualities, it’s important that first-time home sellers choose an agent who understands their goals and cares about their happiness. Selling a home can be an emotional roller coaster and having a trusted expert beside you will help you navigate its ups and downs.
Whether you hire a professional or decide to stage your home yourself, what’s important is that you make the commitment. Staging your home creates universal appeal, capturing the attention of the widest possible buyer pool. If your interior is too personalized, it makes it harder for buyers to see themselves in your home. Staging makes financial sense as well, as it often equates to higher sales prices. According to a 2020 survey performed by the Real Estate Staging Association (RESA®), of the 13,000 homes surveyed, 85% of staged homes sold for 5-23% over list price.1
Anything that could potentially give your home a competitive advantage over other listings is worth discussing with your agent. One such strategy is conducting a pre-listing inspection before putting your home on the market. Not only do pre-listing inspections give sellers a better understanding of what repairs may be in order, but they also streamline the selling process by transparently disclosing the details of a property’s condition to the buyer. These reports are especially helpful in competitive markets, since buyers are more likely to waive inspections.
Of all the information coming at you during the selling process, you’ll likely have your mind set on getting the best price for your home. Determining home value is one area where real estate agents excel; their Comparative Market Analysis (CMA) will help them set an accurate and competitive figure. It’s important to separate your emotional attachment to your home from your agent’s calculations. In your mind, your home possesses a certain value, but that may not match what it can realistically fetch on the market. Sometimes it may be even more than you thought!
The more buyer interest you’re able to drum up, the better. Open houses play an important role in the selling process in that they allow buyers to experience the property firsthand. Making this connection requires opening your doors to strangers, which is cause for taking the appropriate safety measures. Remove all prescriptions from your medicine cabinets, lock up precious belongings and personal information, make sure all doors and windows are locked at the end of each day, and discuss your buyer screening process with your agent so you’re on the same page.
The planning doesn’t stop once you’ve sold your home. Before the ink is dry on your real estate contract, your gears will be turning about how to efficiently move into your new home. We’ve created an interactive Moving Checklist with a step-by-step guide to the moving process, from twelve weeks before moving day all the way up until you make your move. The list is also available as an interactive web page and downloadable PDF here:
One look at a Tudor style house and you’re instantly transported to the English countryside. This distinct architecture dates back hundreds of years, borrowing elements of Renaissance and Gothic design, and later experienced a revival in the United States that continued to grow in popularity through the mid-twentieth century. Similar to cottage homes, their medieval imagery evokes a storybook charm, and their unique combination of materials makes for a truly signature look.
Known for their brown-and-white color scheme, Tudor style houses are typically built from stone or bricks, with a façade of stucco and exposed timbering framing. The framing creates straight lines that connect each level of the home, giving it a sense of geometry. Their steep-pitched, intersecting gabled roofs are tailor-made for climates that experience high levels of precipitation; snow slides off before accumulating, and rainwater has a natural path to the gutter system.
From the outside of a Tudor home, you can imagine sitting around the hearth under exposed wood ceiling beams, taking in the cozy atmosphere as the fireplace crackles. And your imagination would be spot on! A large fireplace is a central feature of these homes, given that they were the primary heating source for households early on in their history. Arched entryways with stonework accents, decorative chimneys, and narrow, closely grouped windows are also defining features of Tudor architecture.
Once World War II-era housing development began to shift toward addressing suburban sprawl affordably, the masonry-heavy Tudor style house became less popular. However, they are still found throughout the U.S. today.
To learn more about the various styles of home design, visit our Architectural Styles page:
This video is the latest in our Monday with Matthew series with Windermere Chief Economist Matthew Gardner. Each month, he analyzes the most up-to-date U.S. housing data to keep you well-informed about what’s going on in the real estate market.
Renting vs. Buying a Home
One of my followers asked me about some of the financial benefits of owning your home as opposed to renting. I find this topic interesting as there really is a “laundry list” of reasons that, from a financial standpoint, owning a home is better than renting.
I’m Matthew Gardner Chief Economist at Windermere Real Estate and welcome to this month’s episode of Monday with Matthew. Let’s get to the topic at hand. Of course, I don’t have time to go through them all today but here are the ones that I think are the most compelling: wealth building and tax benefits.
The first thing to understand is that, over time, a mortgage becomes easier to afford. You see, when you buy a home, the mortgage payments themselves don’t change and, over time, your earnings rise but the mortgage payment doesn’t. Simply put, unlike renters who generally see their rents going up every year, your mortgage payment never will and because you’ll hopefully be making more money as time goes by, the share of your income that you spend on a mortgage payment becomes less & less.
The next advantage to owning your home is that it is a good long-term investment. Of course, some will say that this is not the case because we went through the housing bubble bursting back in 2006 but there have actually been very few times in history when home prices have seen any long-term downward adjustment.
Now I know some will say that investing in stocks would give you a higher long-term return. My response to that would be I’ve never seen anyone living under a stock certificate. Have you?
My next reason for believing that ownership is better than renting is rather simple, and that is because a portion of every mortgage payment you make goes toward reducing the principal amount of the loan. Of course, during a majority of the term of the mortgage most of the payment is going towards interest but, a small portion is paying down the debt itself—in essence making it a forced savings plan, building wealth along the way.
Tax Advantages of Owning a Home
But what about the tax advantages? Owning a home offers unique and substantial ways to save on your taxes every year. Firstly, you can deduct your real estate taxes every year. Now, tax reform has limited the total allowed deduction, but it is still meaningful. You can also deduct the interest you pay on your mortgage. Again, there are some limitations but, depending on where you live you could save a significant amount.
And finally, let’s talk Capital Gains Taxes. When you sell your primary residence and have seen its value grow since you purchased it, up to $250,000 of that profit (if you’re a single person) or $500,000 if you’re married and filing jointly is tax free. Now, this is only true if you meet certain requirements with the biggest one being that you have to have lived in the house for a minimum of two years during the preceding five-year period.
If that’s not enough to convince you that there are very significant advantages to owning a home over renting, I will leave you with one last datapoint that you may find of interest.
Renting vs. Owning a Home: Household Net Worth
Using Federal Reserve data as a base, I’ve been able to calculate the median net worth of a household in America who owned their homes versus a household that rents.
In 2022, the median household wealth of a homeowner household here in America was approximately $330,000.
The median household wealth for a renter household in this country last year was just $8,000.
As you can see, that’s quite the discrepancy between the two. I think it’s very clear that homeownership for a vast majority of families is how they create most of their wealth.
I hope you found this topic of interest. Of course, if you have any questions or comments please do let me know as I do enjoy hearing from you. Take care and I look forward to talking to you all again next month.
Data combined and calculated by Windermere Economics
About Matthew Gardner
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.
A homeowner’s life is filled with mini hazards that pop up at a moment’s notice. Our appliances make life easier, but they are subject to malfunction. A broken toilet interrupts your day and can cause serious water damage, which emphasizes the importance of timely repairs. The following tips to fix your toilet will help you get your water system and your home life flowing properly again.
If these repairs are beyond your capabilities, don’t hesitate to call a professional plumber.
Problem: there’s water around the base of the toilet
A leaking toilet can have you dealing with the perils of a water damage emergency in no time. If there’s water around the base of your toilet, that’s a telltale sign that the leak has sprung from the wax ring seal. You’ll have to remove your toilet to replace it.
How to Fix a Leaking Toilet
Use a wrench to disconnect the water supply from the shutoff valve. Drain the tank until all water is removed from the bowl.
Disconnect the water supply valve from the toilet tank. Using a screwdriver and wrench, remove the caps on the base of the toilet and the hex bolts beneath them.
Grab the toilet by the bottom and lift it from the ground. Set it aside on material that will prevent damage to your bathroom floor, like a towel or blanket.
Remove the old wax gasket from the flange and install a new one on it by centering it on the flange and pressing it down into place.
Reinstall the toilet by placing it on the bolt holes, keeping it level as you go. Use your weight to press down on the toilet bowl before putting the bolts back in. This helps to compress the new gasket. Caulk around the base of the toilet if needed.
Reconnect the water supply to the shutoff valve and open it before giving your new toilet a test flush. If there are no leaks, you’re done!
Another common issue homeowners face is a running toilet. The constant sound of running water coming from your bathroom isn’t just annoying; it wastes water and can cause spikes in your utility bills. A running toilet is typically due either to a faulty flapper or the water level being too high in the tank, causing overflow.
How to Fix a Running Toilet
The most common cause of a running toilet is that the flapper chain is caught on something. To check for this issue, take the top off the tank to see if the chain is too taught. If so, see if you can release it, after which the flapper should fall into place and stop the run.
If the flapper or the chain are compromised, they’ll need to be replaced. But no sweat, that’s easy! Start by shutting off the water supply and drain the tank by pulling up on the flapper chain. Remove the flapper by unhooking it or removing the ring that holds it in place. Pick up a new matching flapper at your local hardware store and reverse the process to install it and reconnect the chain. If this doesn’t solve your running toilet problem, it may be a larger issue, such as the flush valve.
Problem: the toilet isn’t flushing correctly
If your toilet isn’t flushing correctly, there’s likely something wrong with the flush handle or the water level, or it could be a clogging issue.
How to Fix Flushing Issues
Tighten the flush handle if it’s loose and see if that solves the problem. When you do, make sure the flush lever is working properly. If there’s too much slack in your lift chain, it won’t trigger a proper flush. Make sure it’s not too loose, but not so tight that it can’t flush properly either.
Problem: the toilet has started wobbling
Sometimes homeowners will suddenly notice their toilet feels uneven or is rocking slightly. This is usually because the flange that connects to the drainpipe is sitting higher than the floor.
How to Fix a Wobbly Toilet
The best fix is to wedge shims under the base of the toilet and caulk the area to solidify it.
For more tips on home maintenance, read the following blog post about controlling mold:
Your local market conditions dictate the real estate climate around you. Where things are on the buyer’s/seller’s market spectrum will impact how you and your Windermere real estate agent approach selling your home. As a part of this process, it’s important to understand the different types of markets and how their conditions play into accurately pricing your home.
See the latest data on home sales, home prices, mortgage rates and more for your area here:
The housing market is categorized as a seller’s market when demand for homes is greater than the supply on the market. With limited inventory, competition is high amongst buyers. This drives home prices up, decreases days on market, and often leads to multiple offers from buyers. These are ideal conditions for selling your home, given that buyers are forced to continually sweeten their offers to win out. For example, buyers are often more apt to remove contingencies from their offers in a seller’s market.
A buyer’s market is on the opposite end of the real estate market spectrum. It is usually defined as having six or more months of available inventory—meaning if no new homes were listed, it would take six (or more) months for all available listings to sell.
Because there’s greater supply than demand, there’s less competition among buyers, and it’s the buyer’s agents who often have the leverage during negotiations. Selling in these conditions emphasizes the importance of investing in improving your home before putting it on the market.
A balanced market exists in equilibrium between a seller’s market and a buyer’s market. It is the middle part of the Venn diagram between the two; it shares certain aspects of each, but only dips its toes into both.
When your local real estate market is balanced, it’s important to approach the selling process with a realistic mindset. In a balanced market, bidding wars are less likely and the chances of buyers having complete leverage are slim. These conditions, however, are all the more reason to make your home stand out amongst competing listings. Making repairs, remodeling, and boosting curb appeal can all help attract buyers while increasing the value of your home.
When coming out of a seller’s market, it’s important not to panic when your local real estate market experiences a cool-down or a return toward balance. In a balanced market, there are still plenty of buyers actively seeking homes, albeit at a lesser pace. Even as aggregate home sales decline and days on market increase, these market conditions should not be confused with more extreme situations like the housing market crash of the late 2000s.
Our Chief Economist Matthew Gardner covers recent housing marketing conditions as they compare to the Great Recession. Read his analysis in two recent articles:
All these factors highlight the importance of working with your agent to accurately price your home in a balanced market. Real estate agents have access to the Multiple Listing Service (MLS), which gives them access to a huge network of data on available homes both present and historical. They’ll use this data to conduct a Comparative Market Analysis (CMA) to competitively price your home. To get started, connect with a local, experienced Windermere agent:
Featured Image Source: Windermere Real Estate
Deciding when to sell your home can depend on a variety of factors. Perhaps your local market conditions are favorable to sellers, or you’ve recently changed jobs, or your family is growing and you need to upsize. Whatever the case may be, making the decision to sell your home is the first step in your selling journey.
Deciding to Sell Your Home
Once you know it’s time to sell your home, it’s natural to feel a wave of emotions. A home is an integral part of a homeowner’s life. They provide countless memories and, for many homeowners, are their greatest investment. But once you’ve decided to sell, it’s important to look at your home with an objective eye to appeal to a wide variety of buyers.
Which repairs should I make before selling my home?
To get your house in top selling shape, identify its outstanding repairs. As you fill out your list, separate the projects into categories which are DIY-eligible and which require a professional. This will help you to budget for your overall repair expenses and build a reasonable timeline. Some of the most important repairs to make before listing your home include fixing appliances, making sure your sinks and faucets work properly, repairing any cracks or holes in the walls, fixing all leaks and water damage, and ensuring that all systems in the home are functioning properly. Making repairs before you list your home will bode well for home inspections, negotiations, and can even give your home an advantage over other listings. Your agent may suggest a pre-listing inspection to make your home more competitive in a seller’s market.
Which upgrades should I make before selling my home?
When you sell your home, you’re inevitably competing against other listings in your area. The aesthetics of a house play a significant role in its ability to catch buyer’s attention, which emphasizes the importance of improving your curb appeal as you prepare to hit the market. Landscaping projects, new exterior paint, and upgrading your front entry are just a few ways you can spruce up the outside of your home.
And what about the interior? Consider upgrading to energy-efficient appliances, which are known for their high ROI potential. This is a great time to repaint your home’s interior as well. Consider using a neutral color palette to make it as appealing as possible to a wide-array of buyers. It’s also a good idea to identify rooms in which the flooring should be replaced or repaired. When remodeling your home’s flooring, choose a material that is within budget and has good resale value.
Listing agents are trained professionals who work with homeowners to sell their homes. Your listing agent will be there to answer any questions you may have throughout the selling process and will negotiate with buyer’s agents to get the best price for your home. But their value doesn’t stop there. A listing agent will list the home, coordinate showings and open houses, and market the home. When searching for a real estate agent, find someone with whom you are compatible both emotionally and professionally, and who cares about the goals of you and your household.
What’s my home worth?
Homeowners can get a general idea of how much their home is worth by using online home value estimators, like Windermere’s free Home Worth Calculator. Though these tools can provide some context behind the value of your home, nothing compares to the in-depth analysis of an agent’s Comparative Market Analysis (CMA). Using a CMA, an agent can accurately price your home to get it sold quickly.
For more information on your local housing market and how to sell your home, connect with a Windermere agent today by clicking on the button below.
Featured Image Source: Getty Images – Image Credit: Inside Creative House
Throughout the home buying process, you’ll encounter several checkpoints. At every stop, you’ll get closer to the ultimate goal of purchasing your next home. Each one satisfies unique criteria required to become a homeowner, and each one has its own terminology. Before you begin your home buying journey, it’s helpful to know about pre-approval, pre-qualification, and proof of funds, and the role they play in a real estate transaction.
Pre-qualification and pre-approval go hand in hand, but one precedes the other. Pre-qualification is a very early step in the home buying process leading to pre-approval. After sharing your financial information with your bank or lender, they’ll give you an estimate of the loan amount you can expect to qualify for. During this time, you’ll learn about the different home loans available to you to help you decide which is best. Pre-qualification usually only takes a few business days.
What is pre-approval?
A sibling to pre-qualification, pre-approval takes things a step further. Once you submit a mortgage application, you’ll provide your lender with the required information to perform a financial background check to assess your creditworthiness. You’ll get a pre-approval letter showing the lender’s offer of a specific loan amount, so you’ll know how much you can borrow. You’ll also get a better understanding of what interest rate you can expect to pay on your loan. Mortgage pre-approvals are typically valid for 60 to 90 days.
More information on the benefits of pre-approval and when to get pre-approved:
Once you’ve gone through the pre-approval process, it’s helpful to know which homes you can afford. Use our free Home Monthly Payment Calculator by clicking the button below. With current rates based on national averages and customizable mortgage terms, you can experiment with different values to get an estimate of your monthly payment for any listing price.
Simply put, in real estate, a proof of funds letter is a document that proves to the seller that you have enough money available to purchase the home. Proof of funds letters may vary depending on the terms of the transaction. For example, if you’re making an all-cash offer, your letter will prove that you have enough liquid cash to complete the deal.
For more information on the home buying process, read our blog post on searching for a home:
14600 SE 176th Street #A5 Renton, WA 98058 $279,998
MLS #2027687
Beds: 2
Baths: 1
Days on Market: 1
Simply one of the best deals in the Renton Fairwood area! Large two bedroom one bath on one ground level condo. Corner unit with a large front yard, quiet, secluded with private access. Enjoin all the included amenities like a large swimming pool, athletes court, clubhouse, and more. Fully updated bath and kitchen, new engineering wood, ceramic tile flooring, newer water heater, insert heater, and all newer appliances. Low HOA fee, clean, and ready to move in.
Your appliances help your home run like a well-oiled machine. But without the proper cleaning and maintenance, they can make your life more complicated. When thinking about the most helpful cleaning tips around the house, we often center our efforts on open, high-foot-traffic areas. However, spending some time cleaning your appliances will have your home feeling fresher than ever.
7 Tips for Cleaning Your Appliances
1. Cleaning Your Refrigerator
Your refrigerator is the lifeblood of your food supply. A clean refrigerator equates to fresher food and a healthier household. Start by clearing the shelves and bins so you can access the tough-to-reach spots and corners. Wipe everything down with soap and warm water or try an equal-parts mixture of vinegar and water as a cleaning solution. This is also a good time to reorganize your refrigerator to cut down on food waste.
One simple cleaning hack can have your microwave looking brand new. Fill a microwave-safe bowl or container with water and heat it up until it starts to boil. Turn off the microwave and let the heated water sit for at least five minutes, then safely remove it. By heating up the water, the food particles caked on the walls of your microwave will be much easier to wipe away. To eliminate germs, disinfect your microwave’s handle and buttons.
If your coffee maker is kaput, your whole morning routine gets thrown off. Whether you use a stovetop coffee maker, French press, espresso machine, or a good old coffee pot, performing regular maintenance will decrease bacteria and mold growth. Periodically separate the removable parts of your coffee maker and wash them thoroughly with warm soap and water. If you have a coffee press, run the parts through the dishwasher occasionally to prevent buildup in the mesh.
If your dishwasher isn’t clean, your dishes won’t be either. Get it in pristine condition with a few simple cleaning tips. After cleaning all food scraps and gunk from the drain, wipe down the gaskets with warm soapy water. Though there are a variety of dishwasher cleaning products available, you can give your appliance a thorough deep cleaning with vinegar and baking soda. Fill a dishwasher safe container with one to two cups of vinegar and place it in the top rack. Run a cycle without dishwasher detergent nor other dishes. Once the cycle is complete, sprinkle roughly a cup of baking soda along the bottom rack and run another cycle.
No matter how tidy you are as you cook your stove top will collect debris and buildup from splattering oil, butter, and food particles. Throw on some rubber gloves and get ready to give it some elbow grease. Soaking food buildup with warm water will break it down and make cleanup easier. Use a hard plastic scraper to get your stove top totally clean. If your burners are removable, remove them and soak them in water to get them sparkling clean.
Seeing stains in your freshly washed loads of laundry? It’s time to give your washing machine some TLC. Fortunately, your washing machine can do most of the cleaning work itself. Add a little vinegar to the drum and run a cycle on your machine’s hottest setting. Many newer models come with self-cleaning features and higher energy efficiency ratings to save water on each load.
Don’t forget about your dryer, too! Dryer maintenance is largely a matter of cleaning out the lint traps regularly (after each use) and vacuuming the mesh. Without proper maintenance, your dryer can get clogged, leaving your washed clothes damp. And if enough dryer lint builds up, it could start a fire.
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4019 38th Avenue S
4841 S Raymond Street
