Case Study December 21, 2016

SELLER SUCCESS STORY: Client Out of the Country? No Problem!

Stuart and his Brazilian wife Amanda had been my clients when they bought there Seward Park dream home back in 2006, but in 2009 they decided to move back to Brazil and began renting the house mostly to friends.

However, not being around to manage the property, the house needed a lot of work to make it ready for the sale.

I had to come up with a plan and a budget to make the house both sellable and financially palatable, so that we could get the best possible sale price.

Stuart was very attached to his house as is understandable, but luckily, he trusted me enough to make the right choices in terms of décor that would fit with current trend and appeal to new buyers.

So, after many Skype calls, numerous photos documenting the damage and work that needed to be done, plus getting many bids from contractors, we finally reached a budget that was satisfactory and the work commenced.

I put on my contractor hat and made sure all the work was completed on schedule.

“Working with Serena is like working with a trusted friend,” said Stuart. “She took care of us, organized and orchestrated the process of transforming our house to be ready to show and sell in a matter of weeks — no small thing.”

We listed the house at $950,000 and sold it for $1,030,000 with no contingencies.

“The house never looked better and sold in a very short period of time with multiple offers following the plan and vision we worked out with Serena,” added Stuart. “She was also our agent when we searched for and eventually bought our house in 2009, and on both ends of the process she is adept and fair in dealing with all the people an parties involved while also giving you the confidence that she is firmly in your corner and looking out for your best interests.”

Stuart and Amanda would have been happy with a sale at list price, but they were elated when it went for $80,000 over the asking price!

“There are not enough stars on Zillow to express my thanks,” said Stuart.

Related:

Real Estate News December 14, 2016

Perspectives: 2017 Real Estate Forecast

Well, it’s December; the time of year when we look to our crystal ball and offer our housing market predictions for the coming year. And by crystal ball we mean Windermere’s Chief Economist, Matthew Gardner, who has been traveling up and down the West Coast giving his annual forecast to a variety of real estate and financial organizations. Last month’s surprising election results have created some unknowns, but based on what we do know today, here are some thoughts on the current market and what you can expect to see in 2017.

HOUSING SUPPLY: In 2016 the laws of supply and demand were turned upside down in a majority of markets along the West Coast. Home sales and prices rose while listings remained anemic. In the coming year, there should be a modest increase in the number of homes for sale in most major West Coast markets, which should relieve some of the pressure.

FIRST-TIME BUYERS: We’re calling 2017 the year of the return of the first-time buyer. These buyers are crucial to achieving a more balanced housing market. While rising home prices and competition will act as a headwind to some first timers, the aforementioned modest uptick in housing inventory should help alleviate some of those challenges.

INTEREST RATES: Although interest rates remain remarkably low, they will likely rise as we move through 2017. Matthew Gardner tells us that he expects the 30-year fixed rate to increase to about 4.5 percent by year’s end. Yes, this is well above where interest rates are currently, but it’s still very low.

HOUSING AFFORDABILITY: This remains one of the biggest concerns for many West Coast cities. Some markets continue to see home prices escalating well above income growth. This is unsustainable over the long term, so we’re happy to report that the rate of home price appreciation will soften in some areas. This doesn’t mean prices will drop, but rather, the rate of growth will begin to slow.

Last but not least, we continue to hear concerns about an impending housing bubble. We sincerely believe these fears to be unfounded. While we expect price growth to slow in certain areas, anyone waiting for the floor to fall on housing prices is in for a long wait. Everything we’re seeing points towards a modest shift towards a more balanced market in the year ahead.

Guest PostHelpful Hints December 7, 2016

GUEST POST: Electrocution – Top 6 Danger Points & How to Avoid Them

rinehart-logoDear friends: Please enjoy this guest blog post from Rinehart Inspection Services, LLC, one of many local contractors found on Serena’s List, my little black book of useful resources. For your own copy of the list, just subscribe to my Top Secret blog — here to bring you valuable information on home-ownership, the local real estate market, the South Seattle community and much more.

When you think of things that are strong conductors of electricity, power lines, wires and metals likely come to mind.

Surprisingly, the human body can also be an excellent electricity conductor, and when electric currents hit the body several types of injuries may occur. The body may go into cardiac arrest because of the electricity’s effect on the heart; muscle, nerves and tissue can be damaged due to the current; or thermal burns can occur if the body contacts an electrical source.

The severity of the injuries depends on a variety of factors (the voltage of electricity, the person’s state of health, how the current travels through the body and how quickly medical help is received), but, according to the National Institutes of Health, some 1,000 people die in the United States each year because of electric shock. Fortunately, you and your loved ones can dramatically reduce the risks if you are aware of top electrocution threats in and around your home and take the simple measures to prevent them:

1. Extension Cords
These handy tools can cause electrical burns and shock if they’re not used carefully. Cords that have exposed wires should never be used, as kids and pets can (and will) chew on them if they can get them. In fact, electrical burns to the mouth account for half of the extension-cord-related injuries to young children, according to the U.S. Consumer Product Safety Commission (CPSC).

Even an intact extension cord poses a risk. For instance, in one case a 15-month- old girl put an extension cord in her mouth and suffered electrical burns that required surgery. To reduce the risks, keep extension cords out of reach of kids and pets, and always purchase cords that have the UL and OSHA labels on them (these cords have been subjected to strict tests to ensure they meet certain safety standards). Further, use common sense measures to be sure the cords are in good shape, including:

  • Inspect them regularly for signs of wear and tear.
  • Replace old extension cords that are cracked or frayed.
  • Only use exterior extension cords for outside use.
  • Don’t overload cords or sockets.
  • Pull the plug, not the cord, when disconnecting it from the socket
  • Only use extension cords when they’re absolutely necessary, and try not to use them for long- term purposes.

2. Electrical Outlets  
Most electrical outlets are located in areas of the home that children can easily reach. Close to 4,000 injuries associated with electrical outlets are treated in U.S. emergency rooms every year, says the CPSC, and about one-third of these occur when kids looking to explore insert metal objects like keys and hairpins into the outlets.

Since you can’t move your outlets away from your kids, it’s imperative to cover your outlets with the Sliding Decora Outlet Cover (for outlet covers requiring two screws, as in most newer homes) or the Standard Sliding Outlet Cover (for outlet covers requiring only one screw in the middle, as in most older homes.) These easy-to-install outlet covers are spring activated, so they automatically cover outlets when any plug is removed. This means kids can’t insert objects or fingers into the outlets at any time!

It’s important to only insert appropriate plugs into electrical outlets (any other object poses an electrocution danger) and use caution when you do, such as being careful not to touch the metal prongs when inserting the plug.

3. Electric Appliances
We become so accustomed to using electric appliances in our daily lives that it’s easy to become careless with their use. This is often when electrocution can occur. Even touching an electric appliance like a hair dryer with wet hands can cause a shock. Here are some other safety tips to keep safe around electric appliances:

  • Don’t use electric appliances near water or while touching faucets or water pipes.
  • Don’t use appliances that have worn plugs or cracked wires.
  • Don’t attempt to fix electrical appliances on your own, even if it appears simple.
  • Unplug appliances when they’re not in use.

4. Swimming Pools, Hot Tubs, Spas
The common risk that comes along with swimming pools and hot tubs is drowning, but the American Red Cross points out another, often overlooked, risk — electrocution. According to CPSC, the biggest risks of electrocution here come from faulty underwater lighting, aging electrical wiring, sump pumps, power washers and vacuums that are not grounded, and electrical appliances and extension cords that fall into the water. The risk is especially apparent if lighting and circuits aren’t protected by Ground-Fault Circuit- Interrupters (GFCIs), which are one of the best ways to prevent electrocution, CPSC says.

According to Hal Stratton of CPSC, “The best protection for families is inspection, detection, and correction of electrical hazards in and around swimming pools, hot tubs and spas. CPSC strongly encourages residential and commercial pool owners and operators to upgrade protection of the lights, receptacles, and switches with GFCIs. Older pools are the biggest concern, as underwater lighting fixtures may have degraded with age and may not be protected by GFCIs.”

5. Power Lines
High-voltage overhead power lines can pose a risk to people on ladders or other lifts. Says Thomas Moore of CPSC, “CPSC believes that there are still many electrocution deaths that could be prevented. Consumers should never place a ladder, antenna, or anything else near a power line. Consumers who come in contact with an overhead power line may not live to share their experience.”Further, wires from a downed power line can also be deadly. Never go near a power line that is down, such as after a storm, as live wires can be present long after the pole falls (until the electricity has been turned off). People have also died after striking an electrical pole in a car accident and having the live wires touch the car.

6. Lightning
Lightning and thunderstorms are most likely to occur on hot and humid days. If you sense a storm approaching, seek shelter indoors immediately, as lightning can cause serious injury, particularly to those who are stranded outside without proper protection. According to Dawna L. Cyr and Steven B. Johnson, Ph.D. from the University of Maine, lightning can injure or kill people in five ways:

  • Through a direct strike that causes cardiac arrest or stops breathing.
  • A side-flash, in which the body acts as an alternate or parallel path for the current to reach the ground. If the current passes through the head or heart it can be deadly.
  • Current from a lightning flash, ranging from tingling shock to a massive current, can be diverted from a poorly grounded electric power pole through a wiring system.
  • Step voltage can radiate out through the ground from a struck tree or pole (this kills many livestock each year).
  • Indirectly, through fires, fallen trees or crushed cars. During a lightning storm, avoid tall, isolated objects, don’t attempt to touch any fallen wires, and if you are struck by lightning be sure to seek medical attention even if the injury seems minor.

7. Six Things NOT to Do to an Electrocution Victim
If you are with someone who is electrocuted, here is what NOT to do, according to the National Institutes of Health:

  • DO NOT touch the victim with your bare hands if the person is still in contact with the source of electricity.
  • DO NOT remove dead skin or break blisters if the person is burned.
  • DO NOT apply ice, butter, ointments, medications, fluffy cotton dressings, or adhesive bandages to a burn.
  • DO NOT touch the skin of someone who is being electrocuted.
  • DO NOT get within 20 feet of someone who is being electrocuted by high-voltage electrical current until the power is turned off.
  • DO NOT move a victim of electrical injury unless there is immediate danger.
Best of South SeattleGuest Post November 30, 2016

GUEST POST: Libraries on the Loose! 26 Little Free Libraries in South Seattle

littlefreelibrary-1-croppedReposted with permission from GO: South Seattle:

South Seattle is blessed with dozens of Little Free Libraries — tiny, usually homemade book shelters that function as “take-a-book, leave-a-book” gathering places where neighbors can share their favorite literature and stories.

According to littlefreelibrary.org, the movement began in 2009 when a Wisconsin man built a model of a one-room schoolhouse as a tribute to his mother, a former school teacher who loved reading. He filled it with books and put it on a post in his front yard. His friends and neighbors loved it so much that he built several more and gave them away. Each one had a sign that said FREE BOOKS.

It’s no surprise that the idea took off in Seattle — once voted the nation’s most literate city. And the south-end is no exception. Here are some of our favorites.

26 Little Free Libraries in South Seattle:

  1. 3307 Lafayette Ave. S.,
  2. 2117 S. Lucile St., 98108
  3. 4970 12th Ave. S., 98108
  4. 4413 42nd Ave. S., 98118
  5. 3138 34th Ave. S., 98144
  6. 3309 S. Mount Baker Blvd., 98144
  7. 3216 S. Dose Terrace, 98144
  8. 2347 34th Ave. S., 98144
  9. 2107 29th Ave. S., 98144
  10. 3132 34th Ave. S., 98144
  11. 5107 46th Ave. S., 98118
  12. 3948 S. Hudson St., 98118
  13. 4444 S. Brandon St., 98118
  14. SE corner of 39th Ave. S. & S. Angeline St., 98118
  15. 4859 S. Findlay St., 98118
  16. 5249 S. Graham St., 98118
  17. SE corner of 46th Ave. S. & S. Lucille St., 98118
  18. 7032 Holly Park Dr. S., 98118
  19. 8615 55th Ave. S., 98118,
  20. 5155 S. Othello St., 98118,
  21. 5311 51st Ave. S., 98118,
  22. 4842 S. Lucile St., 98118,
  23. 5922 51st Pl., 98118
  24. 10053 63rd Ave. S., 98178
  25. 10200 62nd Ave. S., 98178
  26. 7553 S. Sunnycrest Rd., 98178

Where is your favorite Little Free Library? Photo/GO: Seattle

From Serena November 23, 2016

FROM SERENA: Happy Thanksgiving!

fall2Dear friends,

It’s been a tough couple of weeks and all the more reason to focus on what we have to be grateful for right now.

For me, it’s my new volunteer job on the Board of the Southeast Seattle Senior Center (SESSC), a wonderful organization that’s been serving local seniors for more than 50 years. I’ve worked professionally with seniors before, and I know how rewarding it is to engage with folks who have a much greater depth of experience than my own.

SESSC has two fun events coming up that I’d love for you to join me at: Rainbow Bingo Mistletoe Madness on Fri., Dec. 9, and Love Is In the Air 10th Annual Wine Tasting & Dinner Gala on Sat., Feb. 11, 2017. Hope to see you there!

Also, The holidays are such a wonderful time of year but they can be tough for kids in foster care. That’s why my office, Windermere Mount Baker is partnering with Treehouse to make the holidays bright for local foster kids by collecting new clothes, new gifts and financial donations. You can help by dropping donations off at 4919 S. Genesee St. before Fri., Dec. 9. Find more details here. Thank you!

Finally, I’d love your vote as Best Realtor in the 2017 Best of South Seattle Awards over at GO: South Seattle. Cast your ballot HERE by Sat. Nov. 26, and you could win a free GO: South Seattle t-shirt!

Thank you so much for your support and please have a wonderful Thanksgiving holiday.

Sincerely,

Serena

From Serena November 21, 2016

FROM SERENA: Meet the Southeast Seattle Senior Center

sessc-3

Rainbow Bingo hosted by Miss Sylvia O’Stayformore!

I am excited to have joined the Board of the Southeast Seattle Senior Center (SESSC), serving seniors in the heart of the Rainier Valley for more than 50 years.

The non-profit senior center, formerly known as Lee House, was founded in 1961. The senior center has been housed at our current location on Holly Street since 1986.

From the beginning, Lee House programs emphasized a multi-service approach to seniors living independently. This approach continues today, offering a good variety of programs and services to meet the needs of the community and hosting fun and meaningful events where the community can meet.

I have worked professionally with seniors as an Activities Therapist in New York City and as a Community Artist, in the United Kingdom, and I know how rewarding it is to engage with folks who have a much greater depth of experience than my own.

sessc-2This is a great neighborhood activity center that addresses the social, educational, and health needs of aging adults and the community at large, and it needs all the help it can get. Unfortunately, funding from United Way of King County has been cut and the center has been forced to raise a lot of money just to keep going.

More than 600 seniors living on Beacon Hill, Skyway, Rainier Valley, Renton and the Central Area are active participants at the Center where the activities are designed to include all physical stages of aging such as exercise programs, computer classes, weaving and quilting classes, card clubs, line dance classes, Spanish classes, recreational trips, and much more.

When I toured SESSC, I was amazed at how vibrant the center is. There are classes in self-defense, adaptive yoga, and even a class called “Aging IS A Laughing Matter,” plus Rainbow Bingo hosted by Miss Sylvia O’Stayformore, a hilarious, bodacious evening just for adults.

This place is run by a small dedicated staff, including a social worker and lots of volunteers. There is also a Community Dining program, which provides a hot, healthy meal to about 300 seniors each week, and in the past year there have been 15,000 visits by seniors to the center. The Community Dining program serves lunch five days a week and provides an opportunity to reduce isolation for seniors in our community.

In a society where family members tend be dispersed, many seniors live alone and are isolated, and the center provides a great space for seniors to meet, and get involved in all sorts of activities, plus get help when they need it, have fun and make friendships, as staying connected is what it is all about!

We really need to advocate for our seniors, as let’s face it…that will be us one day!  You can make donations on the Center’s website at www.sessc.org and schedule tours with Lynda Greene, Executive Director.

The Southeast Seattle Senior center is located at 4655 South Holly Street in the heart of the Rainier Valley. Photos/SESSC

UPCOMING EVENTS:

Case Study November 16, 2016

BUYER CASE STUDY: With Diligence & Quickness, It Can Be Done!

tinacaparasTina Capras was not exactly an eager or excited home buyer, having been a happy, long-time tenant In Wallingford, but she was frustrated by a $500/month rent increase, and once her leased expired, she had limited time to find a house before her rent increased by another 33 percent!

Tina had a solid downpayment but North Seattle was out of her budget, so we targeted South Seattle, West Seattle and as far south as Burien.

After falling for a house in Burien and then having her heart broken by a bad pre-inspection, we were back on the search. We looked hard but the choices looked grim.

Then, one night we found a house in West Seattle that seemed perfect for her. It was on a nice street, super open and cute with lots of light, and an updated kitchen and bathroom. It had been on the market for seven days and there was no offer so I knew we had to move fast.

I quickly called the listing agent, only to find out that they had already received an offer that the seller was going to review that night. I also learned that the other buyer had an inspection contingency and a non-cash offer, so I persuaded the agent to wait and promised him that we would have a good offer within the hour.

We then jumped into high gear, as it was already 8.30 pm. I called Tina’s lender, who I work with often and asked her to send me an updated pre-approval letter and that she should call the listing agent and tell him that Tina was a very solid buyer.

As we rushed to write the offer, Tina said, “Wow your job is so different from mine, it took me three years to get a new watering can from the UW!”

As they say, you snooze you lose, so we wrote a strong offer with an inspection contingency, so Tina had an out if she changed her mind, given how rushed we were. Success! Tina’s offer was accepted and she did not even have to go over the list price. The inspection went quite well, but the sewer scope did not, so I negotiated a great deal for her, whereby she got a lot of her closing costs paid, as well as a big sewer repair paid for by the seller.

“My coworker recommended Serena to me because he said she wanted to help keep low-income people like me in Seattle homes,” said Tina. “That she did. I was a single first time home buyer with not a lot of down payment, and my prospects didn’t look good.”

“Serena is the only reason I was able to find and close on a home in Seattle. She spent long evenings with me looking at houses. She helped me stay away from houses that looked good from the outside but not on the inside. She gave me good advice on house maintenance and what I would be dealing with as a new home owner. She knows her stuff as a realtor. She only works with solid people (inspectors, loan officers, etc.) and I got the impression they respect her as well. Serena is no nonsense. She won’t sugar coat the home buying experience, but she will get you a house!”

Photo/Tina Capras

As a special agent, my mission is to help you feel safe and well-tended as you make some of the most important decisions of your life, guiding you through the adventure of buying or selling a home with diligence, humor and respect. Call me today: 206-999-8159

Local Giving November 9, 2016

Let’s Make the Holidays Bright for Kids in Foster Care!

The holidays are such a wonderful time of year. However, this time of year can be a tough time for kids in foster care. While many kids are eagerly awaiting the opening of gifts, youth in foster care are gearing up to face the ongoing challenge of celebrating the season without parents, relatives or siblings.When you live in foster care, you’re never sure if you’ll wake up to find a gift with your name on the tag. Fortunately, we can make a difference!

That’s why my office, Windermere Mount Baker is partnering with Treehouse to make the holidays bright for local foster kids by collecting new clothes, new gifts and financial donations.

You can help by dropping donations off at 4919 S. Genesee St. before Fri., Dec. 9. Thank you!wmb_treehouse_office_11-16-01

 

Helpful Hints November 2, 2016

GUEST POST: Easy Hole-In-The-Wall Repair Tips

rinehart-logoDear friends: Please enjoy this guest blog post from Rinehart Inspection Services, LLC, one of many local contractors found on Serena’s List, my little black book of useful resources. For your own copy of the list, just subscribe to my Top Secret blog — here to bring you valuable information on home-ownership, the local real estate market, the South Seattle community and much more.

Repairing Holes In Sheetrock
Removing wallpaper or removing old wallpaper can sometimes result in some of the drywall or sheetrock coming off with the wallpaper. Don’t worry this is a common occurrence – especially when the wallpaper is very old. The question is how do you fix the holes in the sheetrock once the wallpaper is removed? There are a couple of ways you can easily repair the holes – The first method, if it’s a small hole, is to purchase some drywall or sheetrock filler. There are a number of manufactures that produce the filling agent and it can be easily purchased at your local hardware or DIY retailer. The filler is usually white in color and has the consistency of putty. Depending upon the size of the hole, follow the next set of instructions.

How To Repair Small Holes:

  1. To repair the hole, use a small “filling knife” or you can even use the wallpaper scraper you used in your removal project.
  2. Sprinkle or spray the hole and area with clean water – just enough to get it wet.
  3. Using the filling knife or scraper, push the filling agent into the hole. Apply enough filler until it is level with the surface of the wall. Remove the excess with the edge of the filling knife or scraper.
  4. Allow the filler to dry completely. Depending upon the product you are using, the filler may shrink slightly during the drying process. If this is the case, you may need to make a second application
  5. Once the filler is dry, use a light grade sand paper to remove any excess filler that is not level with the wall.
  6. Finally, you can now paint or wallpaper the wall.

Large Holes — Repairing The Surface:

  1. For large holes, you will need a filling knife or wallpaper scraper, a few sheets of newspaper, and a small roll of “Drywall Seam Tape.
  2. Start by removing any dust or small pieces of sheetrock or drywall from the hole. Next, sprinkle or lightly spay clean water on the hole and surrounding wall.
  3. Moisten the newspaper and gently push it into the hole so that it fills up the majority of the whole area.
  4. Next, apply the filling agent on top of the newspaper and to the remaining whole area.
  5. Using the drywall seam tape, cut a piece of tape to just fit over the whole area. Apply the tape over the hole.
  6. Again apply the drywall filler over the tape and smooth the area with the edge of the filling knife or scraper.
  7. Allow the filler to dry completely and then sand the area with light grade sandpaper
From Serena October 31, 2016

FROM SERENA: Time to End End the Horror of Homelessness in Our City

Probably not haunted.

Dear friends,

All joking aside, one thing that haunts me not just at Halloween but all throughout the year is the knowledge that each night in our area more than 1,000 young people are without a warm, safe place to call home. And I am so proud of my company Windermere Real Estate for its dedication to help end this truly scary situation.

As part of its new #tacklehomelessness campaign with the Seattle Seahawks, the Windermere Foundation is donating $100 for every Seahawks home-game tackle during the 2016 season, raising $8,200 so far this season to provide essentials for homeless youth. On the receiving end is YouthCare, a Seattle-based non-profit organization that has been providing services and support to homeless youth for more than 40 years.

Also, just this week our local office, Windermere Real Estate Mount Baker hosted a fundraiser at The Royal Room in Columbia City with the proceeds benefiting South Seattle non-profits helping homeless children & families, including Rainier Valley Food Bank, Project Cool, Wellspring Family Services & more.

Finally, from now through Nov. 14, our office is also collecting new socks, hats, scarves and gloves for Youth Care, and we welcome your contributions. You can drop off donations at our office located at 4919 South Genesee.

Thank you so much for your support and please enjoy a safe and fun Halloween!

Sincerely,

Serena