Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.
Dear Don:
Are the days of multiple offers gone?
Concerned Cal
Join your community on the first four Friday nights in August for Skyway Outdoor Cinema – a fantastic, fun, FREE film experience for the whole family since 2003!
Scout out the best spot to set up your chair, blanket or bean bag and get some dinner from our food trucks as early as 7pm – then settle in for the preshow starting at 8pm behind the Skyway 7-Eleven on Renton Avenue South in the US Bank parking lot. Don’t forget to bring some cash for the concession stand (there is also a US Bank ATM on premises and a CO-OP ATM inside 7-Eleven). Movie starts at 9pm.
Check out the Skyway Cinema Season 17 lineup below.
From the Windermere Blog:
At the end of a long day, your bedroom should be a sanctuary of comfort that welcomes you in. But, as a room that guests rarely see and in which homeowners spend most of their time with their eyes closed, its upkeep frequently gets pushed to the bottom of the to-do list. Thankfully, there are some little design tricks that can make a big difference. Turn your bedroom into a restful retreat when you up its coziness factor with a few of these easy ideas.
9030 Seward Park Ave S #503
Seattle, WA 98118
$305,000
Friends Cameron and Isaac are CoBuy clients who wanted to buy a house in order to create an intentional vegan activists’ community.
CoBuy is an exciting new company with an online platform that makes it easier to buy a home with one or more other people–be it friends, family members, or both.
After the initial introduction, we connected by email and since it wasn’t convenient for them to meet in person, we scheduled a teleconference.
Once we had that call, I had a good idea of what kind of home and the location that they were looking for.
I set up a search for them. Since they were looking for a large home with several bedrooms that could be rented out, the options were limited a bit.
The search turned up five homes that could possibly work.
Welcome to my Real Estate advice column, “Dear Don,” where I answer all your burning Real Estate questions. Send yours to me at donkoonce@windermere.com, and I’ll try to answer them in future columns.
Dear Don:
Are we in a bubble?
Wondering Will
11839 Glendale Way S
Seattle, WA 98168
$479,000
Classic craftsman meets urban farm! The long driveway up off the street takes you away from the bustle of the city to 1920s charm. Hardwood floors and leaded glass built-ins set the tone for this light-filled warm home. Situated on .6 acres, there’s plenty of room to spread out. RV parking and more. Two-car detached garage+shop is someone’s dream space! The architecturally designed barn is perfect for chickens and goats. RM18 zoning for lots of options, including spaces for two tiny houses. Updated elect.
4018 40th Ave SW
Seattle, WA 98116
$865,000
Picture-perfect Craftsman with beautiful garden lot on quiet street close to all the fun in the Junction. Top quality studs-out remodel in 2011, thoroughly updated systems, tasteful finishes. Authentic Craftsman details including rocking chair porch, boxed beamed ceiling, wainscoting, built-ins, etc. Radiant sun-filled rooms, hardwoods,Chefs kitchen with breakfast nook, huge Master with sitting area, grand-piano-sized rec room, 3beds/3baths. Exquisite landscaping & gardens, alley to 1-car garage. Just move in!
Electing a full sale or a property management situation is a life-changing decision that shouldn’t be taken lightly. In choosing whether or not becoming a landlord is right for you, there are a number of factors to consider, but primarily they fall into the following three categories: financial analysis, risk, and goals.
The financial analysis is probably the easiest of the three to perform. You will need to assess if you can afford to rent your house. If you consider the likely rental rate, vacancy rate, maintenance, advertising, and management costs, you can arrive at a budget. It is important to both be detailed in your projections and to have enough reserves to cover cash-flow needs if you’re wrong. The vacancy rate will be determined by the price at which you market the property. Price too high and you’re liable to be left vacant. Should you have applicants, they’ll often be a group that for some reason couldn’t compete for more competitively priced homes. Price too low and you don’t achieve the revenue you should. If you want to try for the higher end of an expected range, understand that the cost may be a vacant month. Any way you slice it, it’s difficult to make up for a vacant month.
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