What's New?

Colleen Fischesser

Blog

Displaying blog entries 11-20 of 87

Half-time Market Report

by Colleen Fischesser

Ok, so we're a little past the half-way point of the year but these stats reflect real estate market activity throughout South King County for the first half of 2010 compared to the same time period of 2009.

In most instances, number of sales are up but prices are down.

 

Auburn

Average Price

Median Price

Average DOM

# Homes Sold

1/1/09 to 6/30/09     288,640    288,640         89      239
1/1/10 to 6/30/10     271,009    250,000         65      320

 

Black Diamond

Average Price

Median Price

Average DOM

# Homes Sold

1/1/09 to 6/30/09    491,189    440,000      180        16
1/1/10 to 6/30/10    350,666    297,000       71        20

 

Covington Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 275,506 281,000 83 90
1/1/10 to 6/30/10 250,200 241,000 61 110
 
 
Enumclaw Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 277,515 252,500 94 54
1/1/10 to 6/30/10 264,429 250,950 72 73
 
 
Federal Way Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 284,923 258,725 88 270
1/1/10 to 6/30/10 259,283 243,850 70 322
 
 
Kent Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 287,334 270,000 85 367
1/1/10 to 6/30/10 257,995 257,995 65 522
 
 
Maple Valley Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 329,691 300,375 109 165
1/1/10 to 6/30/10 311,847 290,000 74 213
 
 
Ravensdale Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 217,833 234,000 129 3
1/1/10 to 6/30/10 302,223 295,000 54 11
 
 
Renton Average Price Median Price Average DOM # Homes Sold
1/1/09 to 6/30/09 374,438 337,177 88 415
1/1/10 to 6/30/10 342,408 310,000 84 624

 

Find out your home's value in today's market online.

Dear Nightmare Transaction

by Colleen & Co

Seattle Short Sales and More!Dear Nightmare Transaction,

I can't really say when you started to go "bad" and show your dark side. Maybe it was when the original selling agent, who had a relationship with the buyer, decided to leave the business and you forced me to step in mid-stream. Maybe it was when the 3rd party negotiator decided he had delivered lender's approval on the short sale (which could have triggered timeframes) when in reality we only had approval on the 1st loan, not the 2nd.You were tricky, but I caught that...nice try!

I have to hand it to you though, you really started to flex your darkside powers with that bankruptcy threat. You know, when the seller decided to file bankruptcy one week before closing (on attorney's advice). Making it so tenuous and mysterious was a pretty hefty threat and, I'll admit, made us all pretty anxious. Was it really necessary though to make us wonder for so long? It's a simple question...DID the seller file bankruptcy or NOT? Thanks for making us wait 5 long days for that answer.

I also didn't appreciate when you worried the underwriter in the 11th hour. Both parties had signed, our clock was ticking and for you to make us wait until 5 minutes before the funding deadline before realizing you were up against the "A TEAM" (who doesn't back down) and had better give up is certainly a mark against you.... and it will not be forgotten.

In plain language, you were a JERK! -probably one of the nastiest I've seen in my twenty years of real estate sales.

That being said, I'd like to say "Thank You".

Yes, thank you.

You see, I believe that it is transactions like you that make me better at what I do.

  • The challenges you chose to put in our path were defeated and dodged by some very experienced, dedicated and dogmatic professionals.
  • You reminded me that I should be grateful for the "easy" files that only have one or two little blips throughout the closing process
  • The difficulties you presented forced me to look at who I work with, who I refer business to and how I communicate with my clients. (and remember I work with some of the best in the business and am grateful for that too!)

Without a doubt, I am a better equipped to face the next nasty transaction that tries to push back against a successful outcome.

So in closing, thanks for bringing your best.

I'm glad you lost.

But more importantly, I'm glad my client is now a happy homeowner with an $8000 tax credit soon coming his way.

Until next time,

 

 

Tax Credit Closing Date Extension Dies in Senate

by Colleen & Co

Tax Credit Likely to Expire June 30

An amendment that would have extended the U.S. Homebuyer Tax Credit closing deadline from June 30 to Sept. 30 died with the American Jobs and Closing Tax Loopholes Act of 2010, which also would have extended U.S. jobless benefits. The Senate voted 57-41 against the legislation on June 25.

Had the extension passed, it would have given homebuyers who were under contract by April 30 more time to complete their sales. NAR estimates that as many as 180,000 buyers could miss out on the credit without an extension because of circumstances beyond their control. Short Sale and REO transactions are holding up many of these closings.

“Unfortunately, the amendment was attached to a piece of legislation that ended up being very controversial,” says Dave Liniger, RE/MAX Chairman and Co-Founder. “RE/MAX agrees with the National Association of Realtors leadership on the idea of extending the tax credit closing deadline, because it’s the right thing to do. We’ll continue to speak out in favor of the extension.”

Liniger urges homebuyers who are waiting to close to stay in touch with their Realtor and contact their U.S. senators to urge swift action on the tax credit extension.

 

South King County Market Reports May 2010

by Colleen & Co

Market reports by City for South King County communitites are now available online:

Kent Home Sales & Market Report

Auburn Home Sales & Market Report

Covington Home Sales & Market Report

Enumclaw Home Sales & Market Report

Black Diamond Home Sales & Market Report

Federal Way Home Sales & Market Report

Maple Valley Home Sales & Market Report

Ravensdale Home Sales & Market Report

Renton Home Sales & Market Report

Have an Ugly Fence?

by Colleen & Co

The Search Is On for the Ugliest Fence in the Pacific Northwest

Press Release on PR Leap

A Weekend for Remembrance

by Colleen Fischesser

Admittedly I had an extra spring in my step this morning as I headed to the office. There's just something about a 3 day weekend (whether I'm working or not) that makes the Friday before something special. Maybe it's that everyone is in a similar good mood or because I know my husband will get a much deserved break....but I for one am super excited for the long weekend ahead.

But I cannot forget the reason for the holiday-to remember all those who have given their lives so that we may live free.

A few years ago, my husband and I snapped photos of the Tahoma National Cemetery and I've been astounded by the response to the short video I put together. I've gotten inquiries and kudos from people all over the country whose loved ones are buried there.

I wanted to share it with those of you who have never had the opportunity to drive the grounds.

May you have a blessed and wonderful Memorial Day weekend!

 

 

Here and There

by Colleen Fischesser

For whatever reason I've been noticing patterns and themes in my life lately. At first I was worried it might be some strange mental or medical condition ala "Rainman", but I finally decided to credit age and wisdom, both of which shape one's perspective.

I attended a real estate seminar last week, hosted by the wonderful Michelle Coolidge of Cobalt Mortgage. The speaker was Bill Hart a Coach from Building Champions. One of the very first slides on Bill's power point presentation read in big bold letters:

"What Got You Here, Is Not Going to Get You There"

I hadn't heard the saying before but loved it and recognized it's truth with respect to my industry.

Then this morning as I was leaving my bedroom, my eye landed on a stack of books on my nightstand. There on top was Smart Talk by Lou Tice. The sub-title "5 Steps to Get You From Here to There".  

Getting from here to there....what got you here isn't going to get you there.

The world of real estate, as many of us have known it, has changed dramatically....especially when it comes to marketing and advertising. (Have you picked up a real estate magazine lately? They are pretty slim these days). Fortunately, I tend to be a forward thinker and had, years ago ,embraced most of the technologies Bill Hart was suggesting; real pro website, blogging, facebook, twitter, CRM database management, along with many, many more online strategies. 

Agents who don't embrace social networking, internet marketing and other online resources aren't going to be here down the road. The competition will drown them via their success and the results clients expect and deserve.

And those of us who do will be much better positioned to successfully help our clients...you know, folks that just want to get from here to there.

 

 

 

SE King County April Market Reports

by Colleen & Co

Home sales and market statistical reports and charts have now been posted online for your review. (Can't really say reading pleasure because stats are pretty dry, boring reading). We've posted them by City and have sales just for the Month of April as well as YTD stats for comparison.

As always, if you have any questions about the market, values or trending data, call or email anytime!

Auburn

Black Diamond

Covington

Enumclaw

Federal Way

Kent

Maple Valley

Renton

Ravensdale

A Lesson I Learned From My Dog

by Colleen & Co

I saw a great bumper sticker yesterday while driving from my office in Maple Valley to meet clients for signatures on an offer. It read

"Wag more, Bark less".

Maybe this has been around for a while, but I've never seen it before or even heard the phrase....but oh what a wonderful sentiment.

There seems to be much more barking  than wagging in my business these days; agents frustrated with MLS database conversions, sellers unhappy with the values I'm determining and buyers fed up with overly cautious underwriters. Woof here, Woof there.

With the warmer weather I watch as my dogs prance around the yard-Ok, Carson, ancient elderly yellow lab that he is isn't much of a prancer (think more of a stiff hobby horse ) but Eleanor trots to and fro.  Her little tail sticks up and her ears are perked, listening to the birds and other sounds around her.

She is happy and content with nothing more than a yard to frolick in and the warmth of the sun on her back. When they run to me, their tails are wagging....Carson's a slowly steady sway and Eleanor's a metronome on crack.

Wagging and frolicking.

They are great words and definitely two things I need more of in my life.

Real Estate isn't everything and it's time to find some balance.

Just one of the many lessons I've learned from a dog.

And by the way, the bumper sticker is available here.

Over $50,000 Raised Friday Night for CMN

by Colleen & Co

My office RE/MAX Select has planned, organized and hosted a Live Auction/Dinner for the past four years to raise much needed funds for Children's Miracle Network and Seattle Children's Hospital. Over the past few decades, RE/MAX Associates have raised over 100 Million for CMN.

Little Miracles Dinner Auction

Our event, "Island Dreams" was this past Friday night at the Spirit of Washington Event Center in Renton. Pulling off an event like this is akin to planning a wedding for about 200 every year and long story short....we're happy but exhausted. (Why we picked a date that was the expiration of the first time home buyer's tax credit, I'll never know)

Little Miracles Dinner Auction

My colleagues and I have put our passion for helping sick and injured children into action and I'm proud to say we've raised $250,000 cumulatively these past four years.

Thanks to my fellow committee members, all the generous donors, sponsors and guests and to the Whitman Family of Maple Valley who graciously agreed to share their story about their daughter's accident as well as their experience with Seattle Children's. We are indeed fortunate to have a top notch facility in our backyard!

Displaying blog entries 11-20 of 87

PRIVACY POLICY
Colleen Fischesser of RE/MAX Select Real Estate and her team associates will NOT sell, share, or rent this confidential information to others. Your privacy will be respected.

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that
Colleen Fischesser or an authorized representative may contact client/prospect by phone, US mail or email, regardless of whether the client/prospect has
elected to participate in a state or federal "do not contact" program of any kind.