femto
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biliruben wrote: Granite, stainless, mocha tile and a sheik roof? Worth 229K, easy. It's a simple formula. But the variables are changing. With the price of oil approaching $100/bbl, I think 229 for the sheik alone may be low, though o…
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Not jaw dropping, but I think still audacious: http://www.redfin.com/stingray/do/print ... id=1257826 Bought 05/18/2007 for $400,000 Now on market for $629,000 (a 57% increase) At $409 per square foot this is now priced about 30% above the…
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Double gag, though I think that "garden daylight level" (aka "basement") may be the best REA euphemism since "territorial views" (aka "no view").
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Doh! Some samplings of current Cosmo listing verbiage, all over $550/sq. ft., most over $600: "Imagine living high above it all" "Gorgeous views of Seattle, Elliot Bay & the Olympic & Cascade Mt. ranges from your floor to ceiling windo…
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femto wrote: femto wrote: I think this one meets the audacious criteria. http://www.redfin.com/stingray/do/print ... -id=997095 Last purchase 12/01/2006 $401,000. On the market for $825,000, or $412/square foot, which is off the char…
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FSM seems to be doing well here in Seattle. I came out of PCC the other day and found this scene (that's my car on the right). Wonder if I can save on taxes if I buy a new house and declare it a church?
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You should also consider negotiating--if they really want out they may do more than just give you your money back. If the builder wanted to build the house at the contract price, they wouldn't make you this offer. Review your contract--any penalti…
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The "by employer" numbers are available too. http://www.payscale.com/research/US/City=Seattle/Salary/by_Employer Historically both Microsoft and Amazon have delivered a big chunk of their pay via equity (stock options), so median salaries …
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Alan wrote: By "same situation" I meant people who cannot sell their house in a few months even after large price drops . Will they rent them out, or will they keep living there, or will they just let the price fall? Was just looking at …
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Here's a quickie chart. I'll call the peak as some where between March and June this year, with prices already back down to about mid 2006.
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Here's a 2006 vintage that went for $420K last September (which the "motivated" seller is trying to unload for $480K, I guess they haven't checked comps lately?) http://www.redfin.com/stingray/do/print ... -id=987434 And here's a 2004 vintage …
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Due to siding issues this is cash or portfolio financing only investment opportunity. That's the key issue. You have to find someone to finance it, and that someone almost certainly has to be a local bank willing and interested in carrying t…
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Reporting was worse than I thought. From the online comments therealscoop wrote: I know that house. The real truth is the Bellomos moved out of that home and had the developer greatly improve the home at no cost to them. It was done because …
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I don't get why they confuse "pro price declines" with "anti realtor". Real-estate professionals are most affected by volume--price is by far a secondary factor (the commission on 2 houses at $400K is worth far more than 1 house at $500K). Conside…
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At $840/square foot you think they could afford to throw in a Maybach! Mercedes is popular with real estate agents, I wonder if this unit is owned by an agent who's in over their head on their car lease? I suggested a couple months ago that the …
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faster wrote: femto wrote: Behold the Ballard unflip: http://www.redfin.com/stingray/do/print ... -id=353437 Is this really the same guy? http://seattlebubble.com/blog/1982/04/1 ... en-thread/ Update: the Sales Manager at Hul…
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ellsworth wrote: Real Estate License - $429 I realize this a bit of a tangent but has anyone here considered becoming an agent to handle their own transaction? Are there any legal issues that prevent that? Two transactions (sell one house…
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femto wrote: I think this one meets the audacious criteria. http://www.redfin.com/stingray/do/print ... -id=997095 Last purchase 12/01/2006 $401,000. On the market for $825,000, or $412/square foot, which is off the chart for Ballard hom…
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Wish him luck but it seems like a huge (and not entirely prudent) risk--owning two condos while working for a real-estate company. As real estate tanks the real estate industry will tank too, and Redfin (which earns what little money it does as a b…
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EconE wrote: http://redfin.com/stingray/do/printable-listing?listing-id=1060185 best of luck. $872 per sq. ft.? you could gold plate the entire apartment for half that (seriously! to a generous 5 micron thickness!) Malibu Beach man…
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I think this one meets the audacious criteria. http://www.redfin.com/stingray/do/print ... -id=997095 Last purchase 12/01/2006 $401,000. On the market for $825,000, or $412/square foot, which is off the chart for Ballard homes. It will be…
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Yes, about $2,000 - $3,000: http://www.builderplans.com/ecommerce/p ... chase+Plan Maybe a little more if it's customized to size of lot/grade/etc. But those plans only have use if their "dream home" was also your dream home, which seems un…
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Behold another amazing unflip: http://www.redfin.com/stingray/do/print ... -id=964775 Purchased one year ago (07/07/2006) for $390,000 now on the market at $509,000, a pretty audacious 30% gain in one year. So what did they actually do to th…
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ARM % of originations rose from 0.7% to 69.5% Actually I see ARMs (and their bastard cousin, the teaser rate) as the real problem--since rates have gone up in the past couple years it means nearly three quarters of the loans will experience s…
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Generally every property listed in the RE classifieds in the weekend paper will have an open house on that Sunday. I think you can pick a copy up as early as Friday night at your local grocery store. Also as mentioned above you can just try cruisi…
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We had a substantial (over $5K) assessment for plumbing in my building last year, but in general the economies of scale in condo buildings actually work to owners advantage most of the time. I've heard plenty of stories of homeowners hit with unfor…
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Mortgage fraud? Try checking sales and county records for a few of the properties. If they sold twice with rapid appreciation inbetween and subsequently went into foreclosure you may be looking at a classic straw buyer fraud: A buys house, sells t…
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Sales volumes are declining and days on market are increasing all over King Co. Changes in asking prices are harder to tie directly to current market forces--most people price their houses based on past events, not on current market assessments. …
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The number of ARMs resetting is accelerating, and with interest rates rising there's just no way that fewer people are falling delinquent, but the loan servicers may be focusing their energy on markets like So. Cal. or Las Vegas where prices are fal…
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The Bay Area is whack, and that guy's situation is far from unique. Renting isn't always a palatable option, particularly for families with young children. When renting a house you're always facing the possibility of the landlord selling it (whic…