Urban Properties Real Estate Blog

One day a woman call me for an appointment about her home in Mercer Island. She was vague about her circumstances but did mention wanting to know the value of her home so I met her at Starbucks to see what was up. She proceeded to unpack her laptop and pull up her home address on Zillow, asking me to show her how to do a value analysis. Let me explain Zillow.

Zillow is a neat and tidy program for pulling stats having nothing to do with what only human beings can perceive. Does Zillow know you have a pool in the back yard or that your garage has been turned into a media room? Nope. That you put in heated flooring in the master bath with a jacuzzi tub? Could it know that your lot has been re-zoned commercial so you can sell that property for much more

872 Views, 0 Comments

I'm fowarding this one not just for information but some are purely entertaining. And my buyer's typical complaint? See # 8.
REALTOR® Magazine received more than 50 responses from buyer agents who revealed their pet peeves when touring homes with clients—offenses that, they say, have buyers racing for the door.

Here are the 10 most common responses from buyer’s agents when asked about the worst mistakes they see when presenting for-sale homes to clients:

1. Leftover home owners
By far, one of the top offenses cited by buyer’s agents was home owners still lingering around when agents arrived with clients to preview the home. Awkward encounters ranged from buyers finding sellers taking a shower, asleep in the bed, to even the “stalker sellers” who liked to

841 Views, 0 Comments

Is it really worth it, to let strangers tromp through and have your agent sit there for 3 hours reading a book and hoping someone comes? If an agent merely plops up a sign or two and sits there with a book - you're right, it's best to stay home and relax. Here are some ways my team at Urban Properties has successful open houses that not only result in traffic but a better chance to find a buyer.

Neighborhood Blitz! Our team personally delivers fliers to 75-100 homes in the neighorhood to let people know ahead of time. We also use massive online resources to announce the date and time. When we meet your neighbors, going door to door and at the open house, we encourage them to think of anyone they know who wants to move to the neighborhood. It's

881 Views, 0 Comments

People have a hard time believing that their lender can cost them their home purchase. It's easy to assume that a lender just provides the documents for financing - as if that is cut and dry. Not so. To help you see what I mean, here are some live examples from my experience. My hope is that clients will consider our advice on which lenders are best to work with.

My client's short sale failed because of the buyer's lender. Why? The buyer's lender could not close on time and when pressed for an explanation, proved that they had issued an approval letter for that buyer when in fact the buyer's credit was sub-par from the start. The seller's bank (who had to approve the short sale) denied the sale based upon buyer's failure of financing, although by the time

773 Views, 0 Comments

Selling rented properties, I've found, has some interesting challenges. The sellers greatest concern is losing a tenant once the tenant finds out the home is going on the market. It's a great inconvenciece to most of them to have buyers tromping through the house, no matter how much notice the tenant has been given. (And by the way, 24 hrs notice is the rule but some tenants are flexible.) Here are just a few of the options I review with my sellers: Don't tell the tenant the home is for sale - but check your City codes first! This won't fly in Seattle. But if possible, in this case the buyers won't go through the house and have to make an offer sight unseen. No need to upset a tenant if you're not even sure the place will sell. Then, depending on the

701 Views, 0 Comments

When is a home sold? Is it when you see a SOLD flier on the yard sign? No. How about after you get an offer signed? Not yet. Many clients get confused about that word, thinking that once they have an offer accepted (either as the seller or buyer) that the house is sold. The house is only sold once title has been recorded with the County - transferring ownership from one owner to the other. There is much that happens between an accepted offer and the "sold" status. The technical term in real estate for a home being sold is when the agents or escrow say "closed." Listen for that word as well as watch for it on your documents you sign. The Purchase and Sale Agreement will note a Closing Date and you may also have updates to that date on a later addendum,…
1,717 Views, 0 Comments