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Three Things to Know About the New Mayor of Everett and Its Plans for Growth
April 27, 2018 /Last fall, Everett elected its first female mayor. Cassie Franklin, who grew up in the Northwest and received her bachelor’s degree at Lewis and Clark College, beat candidate Judy Tuohy by just 198 votes. Here's some more information about this new leader in the Seattle area. 1. Franklin aims to tackle homelessness and has extensive experience with this issue. Before becoming mayor, Franklin was the CEO of Cocoon House, which is a nonprofit organization dedicated to helping homeless and at-risk youth through outreach and housing options. Under her leadership, this organization grew into a regional leader. Franklin now hopes to use her experience working with Cocoon House to improve Everett’s homeless community. Franklin promises to expand the city’s Safe Streets program, which connects homeless individuals with access to treatment for addiction and mental illness, employment opportunities, supportive housing, and other services. 2. Everett is ready to explode, and Franklin wants to help. Everett’s economic resources are obvious: one of Boeing’s major facilities is located here, and the city is also home to the Port of Everett, Naval Station Everett, Providence Regional Medical Center, successful schools, Everett Community College and, WSU Everett. As Franklin commented, “Everett is poised for prosperity.” However, the…Read more
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Three Common Fears Dispelled: Pickett Street’s Class for First Time Home Buyers
April 20, 2018 /This week, the Pickett Street crew held a class to ease fears and inform and encourage first time home buyers. The class opened with an anecdote from Hurricane Katrina: when many displaced residents were asked what, besides “love,” the most important four letter word is, almost all of them answered “home.” It makes sense that so many people find this word to be so powerful. In a world that can be pretty difficult sometimes, we should always feel secure in our homes. There is nothing like the feeling of returning after a long day to a space that feels peaceful, safe, and uniquely yours. Still, buying a home can also be a source of anxiety. This is where Pickett Street comes in– their home buyers class focuses on helping you feel less like “buying a home is something I could never do,” and more like “Yes! I’m ready!” I love it when uncertainty is replaced with confidence, clarity, and excitement. If you couldn’t make the class this time, not to worry. Pickett Street is making their first-time home buyers class a recurring event. Next one will be Monday, May 14th at 6-7:30pm. RSVP and claim your FREE ticket here! Also,…Read more
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Three Things That Make Living in Washington State so Special
April 13, 2018 /When my family moved to the Seattle area from the East Coast back in the early 90s, Starbucks was quickly becoming the new standard for coffee, though it had yet to take over the rest of the country (and world). For us east-coasters, cappuccinos, lattes, and americanos were the most exotic beverages. Also in the 90s, Washington companies Microsoft and Amazon were just starting to boom, and grunge music was at its peak. Washington was special back then, and continues to be special today. With all of the recent buzz about its hot and competitive real estate market, I thought it might be nice to clarify what exactly makes the Puget Sound and Seattle areas so great. 1. Mountains, water, and forever-green trees Almost everyone describes the gorgeous natural scenery as one of the biggest perks of living in the Seattle area. Third-generation Washingtonian Mary Smith notes that she loves “being able to see the mountains, listening to the train as it makes its way north on the tracks by the water, and watching the ferry boats on the Puget Sound.” She adds, “I love it when it rains–the air is clear and the trees are forever green.” With the…Read more
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Buying Off-Market Homes: A Conversation with Nicole Leong
April 10, 2018 /It can feel frustrating to dream about your ideal home and then struggle to actually find this home. This frustration is especially real in places like the Seattle area, where the highly competitive real estate market takes some patience (and amazing real estate agents!) to navigate. Because they understand that, for some individuals, dream homes aren’t always where they expect, Pickett Street is able to help their clients purchase off-market homes. While you might be thinking that an “off-market” home involves chatting with a trench-coated individual in some dark alley, the actual process is much more straightforward. I was recently able to chat about buying an off-market home with Pickett Street’s wonderful buyers agent Nicole Leong. Here’s what she had to say. (For more about finding your own off-market home, get in touch with Pickett Street at (425) 502-5397 or info@pickettstreet.com.) What exactly is an “off-market” home? An off-market home is a property that has not been listed anywhere. In an off-market real estate transaction, the seller might consider selling their home if presented with an acceptable offer. Nicole points out that an off-market home is different from a “for sale by owner,” or FSBO, home, which is a property…Read more
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Desireable Moorlands Neighborhood
April 2, 2018 /This gorgeous 4-bedroom Craftsman home is situated off a cul-de-sac in the highly desirable Moorlands neighborhood of Kenmore. Enter on beautiful hardwoods that spill through the large family room, which can be warmed by the gas fireplace. Open concept floorplan continues into the kitchen and dining area that looks out into the treelined back yard. Upstairs, the large master bedroom has a giant walk-in closet and 5-piece bathroom with double sinks and soaking tub. Oversized 4th bedroom could be an office, play room, or media room depending on your needs. All this plus a fully fenced backyard, large deck - near Inglewood Golf Course, state parks, and Northshore Schools! Call Jesse Moore at 425.502.5397 for more information. Read more
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Seattle Real Estate Update: What to Expect in Spring 2018
March 22, 2018 /I took a walk around my Denver neighborhood last weekend and–in addition to Colorado’s usual bizarre spring weather of sunshine plus wind and snow–noticed several open houses and even more for-sale signs posted in front yards. The spring buying season is here. As we enter this season, here’s the latest Seattle real estate and mortgage news. 1. Mortgage rates decreased. After increasing throughout January and February, long-term mortgage rates recently slipped from 4.46 percent to 4.44 percent. (This time last year, the long-term mortgage rate was slightly lower at 4.3 percent.) Fixed-rate mortgages also recently decreased from 3.94 to 3.9 percent. These decreases are good news for those buying or selling homes right now; lower mortgage rates tend to motivate individuals who are on the fence to finally buy. 2. Interest on home loans is still partially deductible. Many homeowners have had questions about how the 2017 Tax Cuts and Jobs Act would affect their ability to deduct interest from home equity loans and lines of credit. (Check out our blog post from earlier this year for more about how the Tax Cuts and Jobs Act will affect you). Responding to these questions from homeowners, the IRS recently issued a…Read more
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Smart, Creative Ways to Use the Cash After Selling Your Home
March 16, 2018 /Unsurprisingly, 2017’s hot real estate market has carried over to 2018, and while the market isn’t getting any hotter, it’s also not getting any cooler. For more information, check out our blogs on why it’s good to be a seller right now and on why you should sell your home early in 2018. While letting go of your property might be emotional and uncertain at first, this decision has several amazing perks. One particularly exciting perk: in today’s seller’s market, it’s likely that selling your home will lead to some extra cash. Here are a few creative suggestions concerning what to do with the cash and what you have to look forward to after selling your home. (If you are looking to sell, let Pickett Street help you with this process. Get in touch with them at (425) 502-5397 or info@pickettstreet.com.) 1. Buy another home. The most common choice for home sellers is to put the cash they’ve earned through a home sale toward a down payment on a new home. While you should carefully consider what’s right for you and for your family, buying another property is usually a smart, sound way to invest your cash. 2. Pay off…Read more
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Kenmore’s Moorlands Neighborhood: Country Living With Modern Conveniences
March 9, 2018 /This week, I get to talk about one of my favorite things to write about for Pickett Street: listings for new homes. I love interior design, and I find it very exciting to imagine the family or individual who gets to call each new listing their home. And this newly listed 4-bedroom, 2.5-bath, 2,200-square-foot Moorlands home is particularly lovely. With hardwood floors, an open floor plan, a spacious kitchen, a gas fireplace, and a master bedroom with a big walk-in closet, double sinks, and a soaking tub, the home’s features radiate comfort and peaceful living. Other perks include a large deck, a fully fenced backyard, and a highly convenient location. Kenmore’s Moorlands neighborhood sits between Inglemoor and Inglewood. Tucked away in the northeastern corner of Lake Washington, Kenmore was founded in 1901 by Scottish settlers, which perhaps explains the origins of the neighborhood name. While it doesn’t exactly have foggy moors or Scottish castles, the city is home to excellent schools in the Northshore school district, beautiful parks, and a generally safe, peaceful atmosphere. Here’s some more information about the listing and the area. (Make sure to also check out our neighborhood profile on Kenmore.) Neighborhood Vibe In 2018, Kenmore…Read more
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Four Helpful Tips for Spring House Hunting
March 2, 2018 /The other evening I stepped outside after work and found that the air was filled with the scent of blooming flowers and that fresh, lovely post-rain smell. I had the urge to run singing through the streets Sound-of-Music-style before I remembered I was in the middle of a crowded city, not a meadow in the Alps. Today, I checked the date and was startled to see that it’s March (where did February go?). I don’t want to jinx it, but I think that spring might be here. Spring is traditionally one the busiest times of year for real estate. Great weather makes for pleasant house hunting. Not to mention, front yards tend to have cast off winter’s gloom with new blooms and green leaves, adding significantly to curb appeal. With summer and potential vacation time just around the corner, sellers feel more motivated, leading to an increased inventory. According to Zillow, April through July were the best times to buy a home in Seattle in 2016. Due to the season’s many perks, shopping for real estate in the spring also has its challenges–more buyers are looking for homes, which can lead to increased competition and bidding wars. However, spring is…Read more
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How Technology is Changing Real Estate
February 23, 2018 /While writing this blog, I am listening to "productivity" music on Spotify. Earlier this morning, I drank my coffee while watching YouTube recaps of Olympic figure skating and texting my girlfriends about how much we love Adam Rippon. I also ordered household supplies to be delivered in two days through Amazon, budgeted with the app Mint, and communicated with clients via email. And yes, I did most of these things simultaneously. We truly live in the future. As technology quickly and dramatically changes how we navigate our daily lives, here are four ways it’s also changing the world of real estate. 1. Real estate agents as the critical human connection Many prospective buyers research and shop around for potential listings online. According to National Association of Realtors (NAR), 51 percent of home buyers in 2017 found their home through listings on the Internet. By the time buyers consult with an agent, they often already have an idea of the listings in which they are interested. However, this does not in any way diminish the critical role of real estate agents in the home buying process. In 2017, 88 percent of buyers purchased their home through a real estate agent or…Read more
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Three Reasons To Fall in Love with Real Estate
February 15, 2018 /While we’re celebrating love this week–whether that’s enjoying a candlelit dinner with your partner, grabbing pizza with friends, or snuggling up on the couch with Netflix and takeout–let’s talk about other forms of love. Namely, let’s discuss love for investing in real estate. In my time working as a writer for Pickett Street, I’ve witnessed and felt inspired by how much everyone on their team truly loves working in the real estate world. I’ve also learned that there is something magical about investing in real estate. This is not to say that this investment doesn’t have its challenges–like all things worth loving, it does–but to say that it’s an incredibly rewarding lifelong practice. If you’re already thinking, “Yes! I’m in love! Sign me up!”, then get in touch with Pickett Street ((425) 502-5397) or info@pickettstreet.com) to buy or sell a home in the Seattle area. If you need more convincing, here are three reasons to love real estate. 1. Owning property generates income. Forbes notes that one of real estate’s main benefits is that it allows you to generate significant income without having to sell your investment. While stocks and bonds both yield about 2%, real estate allows you to…Read more
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What to Know About the 2017 Tax Cuts and Jobs Act
February 9, 2018 /Recent changes stemming from the Tax Cuts and Jobs Act may feel, as taxes sometimes do, a bit confusing. Luckily, Pickett Street and their preferred mortgage lender Cody Touchette of Caliber Home Loans are here with the breakdown of how recent tax changes will affect you. Keep in mind that most of these changes will not affect you until it's time to file 2018 taxes (the taxes you will file in 2019). For more information about the Tax Cuts and Jobs Act, Cody recommends this helpful link. 1. Standard deduction. According to the Washington Post, the new tax law increases the standard deduction to $12,000 for single filers and $24,000 for joint filers. This means that, for many homeowners, it will no longer make sense to itemize deductions. Zillow broke it down for the Washington D.C. area: under the old tax law, it made sense for 98 percent of homeowners to itemize, while under the new law, it only makes sense for 64 percent of homeowners to itemize. 2. Mortgage interest deductions. If you bought your home on or after December 15th, 2017, then you can claim a maximum interest of $750,000 for each secured primary residence. If you bought your home before December 15th,…Read more
