Holidays and a Cup of Coffee

One of the favorite aspects of my job is the "people" I work with.   Clients, Friends, Family, Developers, Site Agents, Realtors, Commercial Brokers, Title Officers, Escrow Agents and more.  Each one of these individuals has a story and I love to be a part of it. When I first got into real estate, I didn't realize how much all these experiences would affect me.  Without them, … [Read more...]

Eastlake Lofts

Eastlake Lofts

  EASTLAKE CONDOS AND LOFTS LOCATION Eastlake Lofts, was built in 2007 in the heart of Eastlake at Eastlake Ave and Lynn. DESCRIPTION | BUILDING This project is built solid with construction of concrete, steel and brick.  Many of the units include views of Lake Union and all units on the ground floor have large patio/decks with exposed steel overhangs.  Unit … [Read more...]

The Economy Went Big Today

Leave it to Americans to be totally weird.  I was fast asleep this morning when my Mom and my soon to be sister in law left the house to go shopping at 4:30am! As most of us know, it is the busiest day of shopping in the calendar year.  Black Friday has always been a staple of American consumerism.  I get the funny feeling that the Economy got a little boost this morning.. … [Read more...]

Happy Thanksgiving 2009

Just a quick note to wish everyone a wonderful Thanksgiving!  Enjoy your family, friends and the other people in your life that you are thankful for.  I will be posting again over the weekend. Cheers -JR … [Read more...]

Blue Tape Kills

I attended my first walk-through tonight without blue tape!  5-7 days before closing, developers and on-site customer satisfaction managers will schedule a walk-through with a new buyer.  It is usually called a "blue tape" or a "punch list" final walkthrough. Typically, you will point out  scuffs, scratches, chips and blemishes that need to be fixed prior to moving in.  In … [Read more...]

The Pomeroy Condos in Belltown-Project Review

Pomeroy-View

The Pomeroy is an elegant 52 unit complex in the heart of Belltown at 1st Avenue and Battery. This 8 story concrete and steel building offers one bedrooms, one bedroom+ den, two bedrooms and two bedroom + den as well as an incredible 2,700sf  penthouse. Pomeroy has arguably the  best roof top deck in the city.   Unit owners enjoy panoramic views of the cityscape, the Puget … [Read more...]

Come Join Me; Listing Appointment

I thought I would share a few details that go into preparing for a listing appointment.  A listing appointment is an opportunity for a real estate professional and a seller to sit down and review the factors that go into what will hopefully become a successful sale of a property. When I go and meet a seller like I did today there had already been some significant preparation … [Read more...]

5th and Madison

interior.with.views

   5TH AND MADISON Architect: Ruffcorn Mott Hinthorne Stine  DESCRIPTION 5th and Madison is a LEED certified project just a few blocks south of Seattle's Retail district.  The aesthetically gifted tower boasts a built green lifestyle and has delivered on its promise.  Designed by architects Ruffcorn Mott Hinthorne Stine the sleek luminous tower includes many amenities for … [Read more...]

European Tower Update-Automatic Valet?

I just received an e-mail from Michael Orbino, the lead sales agent for European Tower.   The project is annoucing some very innovative amenities.  Well, I guess it is interesting to say the least.   See below: Straight from his e-mail: No more dark garages. No more spiraling up and down five floors of parking. No more worrying about the care and safety of … [Read more...]

Marselle Condos- Update and New Pricing

Entrance

I just recieved an e-mail from Steve at Marselle.   It appears that their pricing and loan programs have really contributed to the sales velocity in the last 60 days.  See below;  both for an update and a sample of their pricing: As reported by Steve: Marselle Condos has released new pricing for our 2nd and 3rd floor homes.  20 homes were sold last month and 19 new … [Read more...]

October Condo Numbers Beat the Street

As seen on www.seattlecondoreview.com last week, October pending sales, closed sales and median home values increased year over year.  I think Wendy does a great job simplifying the stats.  Of course these numbers benefited by auction sales, but regardless a free market blazes its own path and will find a way to fix itself.  As explained last month this is a much bigger problem … [Read more...]

How My Condo Cost Me Thousands

How many times have we heard from the people we know in our life to "be careful" when purchasing a home or condo?  When it comes to real estate, everyone likes to be a expert.  In my own experience, even being an expert didn't protect me from some very costly special assessments in my condominium complex. A special assessment is defined as--a fee approved by a homeowners … [Read more...]

Condo Developer Intervention

A lack of transparency and a glut of uncertainty has been the death of high rise condominium sales in Bellevue/Seattle.  I feel like we are in an intervention and we need to simply say  " I'm a (developer/banker) and I have a problem".  It is time for everyone to wake up and smell the proverbial coffee.  Life is not rosy when you have not just months, but years of uncertainty … [Read more...]

Seattle Condo Litigation; Bad News for Buyers

My Buyer lost a Condo this month because of a lawsuit. Just this past month, I assisted a young professional to locate a Belltown condo.  She just moved home from New York City and wanted to be a part of the downtown urban core. We looked for a few weeks and identified a few different prospective units.  Throughout the process we explored  a variety of projects.  Finally … [Read more...]

Miracle on Main Street-The Housing Tax Credit

Today is one of the most significant days in Real Estate history.  Not since the great depression have we seen such a distressed real estate market. As our wounded economy begins to recover lobbyists, real estate gurus and people like you and me have urged the United States government to extend the current housing stimulus.   At some point today , President Obama will sign a … [Read more...]