Let's start the conversation.
Every home is different, every market is different, and every situation is different. But with these rules in mind, you can have confidence that you're approaching your home sale with wisdom!
Let's start the conversation.
We publish a fun custom "magazine," the Eva Canary Homes Home Digest, each Summer & Winter. It's chock-full of resources, fun things to do around the Puget Sound, and ideas to spruce up your home. If you're already on our mailing list, you'll get each issue dropped in your snail mailbox in June & December. Not on the list or not sure? Sign up!
I recently completed my coursework and certification for the REALTOR® Association's Senior Real Estate Specialist Designation. After working with my sister to guide my mom through the sale of her condo and transition into an independent living facility, I wanted to have even more resources at my fingertips to help folks in similar situations.
I learned a lot about the changing concept of retirement, the trends among various generations, and some of the best practices/pitfalls when working with seniors and their families. With Baby Boomers entering retirement years en masse, our family and neighbors will need a lot of support!
What living situation will best match the needs of you or your senior loved ones as we/they age?
I am working on a set of tools to help guide seniors and their families through housing-related transitions. There is a lot to navigate, from finding the right destination, to legal/tax implications and care decisions. I'm committed to supporting my senior clients in any way I can!
In the meantime, there are plenty of helpful resources as folks are contemplating a move.
Reach out to me anytime for a consult or early steps in long-range planning. I'm here for you!
URGENT REMINDER: Slow leaks may NOT be covered by your homeowner's insurance! Every time Jeffrey does a home inspection for my clients, I'm reminded that most people leave the standard-issue plastic water hoses on their washing machine—and this is a potentially dangerous oversight (replace with this type). This was reaffirmed in a recent conversation with an insurance agent, where he offered additional "seepage & leakage coverage" for slow leaks of water pipes, toilets, etc. because they're NOT covered by the standard policy. Home insurance generally focuses on "sudden and accidental damage," not the effects of long-standing problems that technically could have been corrected through proactive maintenance or upgrading systems. Yikes!
I'm always here if you need to talk through options or want recommendations for professional support.
Hiring and managing contractors and sub-contractors for home remodel work can be intense; there is an overwhelming amount of choice, then hundreds of small decisions as projects progress and present challenges. The trick to staying grounded throughout? Make a plan ahead of time—but then be ready to flex.
It's helpful to remember that vendors are just as stressed as we are. They want to deliver and hate snafus, but problem solving is their job. Ours? Be clear, be kind, be adaptable! I'm here if you need support...
Whether you're feeling anxious after watching a disaster unfold in another part of the country/world or you've just experienced a crisis yourself, you suddenly feel more motivated to get that disaster plan and resources assembled! So where to start?
There are so many resources for emergency/crisis/disaster preparedness online and through local city governments. Which have you found most helpful?
Following on last month's graph, we can see that sale price versus list price %—rather than starting to dive precipitously from September to October—stayed about steady this fall. Don't let that mislead you, though: While there are still wildly competitive homes going under contract (16 offers last week on a house in Wedgwood, 23 in Wallingford), home prices have flattened compared to the insane gains of the spring.
Mortgage interest rates have also fluctuated a touch more than expected; as of this week, they're back down below 3% for conforming (Fannie/Freddie-backed) loans, so it remains to be seen whether they'll stay under 4% for all of 2022.
I expect another HOT spring, but as with the last 2 years...I think the one thing we have learned to expect is the unexpected! Ping me anytime to talk numbers...
Rather than the typical “move-up” buyer of the past, who sold their previous home upon buying a larger one, these days many Seattle-ites [who can afford it] are instead turning their first home into a rental. There’s a LOT to keep in mind, however, when making the change—including regulations on short-term rentals, the city’s RRIO program, and current state & local laws.
For instance, here are some recent changes to landlord-tenant laws, in effect as of November 7th:
With frequent shifts in the sands of rental property ownership, I always suggest that clients talk with the experts before launching their own rental: a real estate lawyer who specializes in investments and/or a knowledgeable property manager. And while you’re at it, go beyond the uber-political headlines to understand the true history, context, and intent around landlord-tenant laws in our area.
Ready to go deeper on the renter protection debate? Start here.
COUNTERS & FAUCETS & FRIDGES, OH MY!
New kitchen ETA: Mid-November. Stay tuned for some videos/posts/updates and feel free to reach out with questions if you’re starting your own remodel!
An egress window is large enough for entry or exit in case of an emergency. If you're finishing a basement or adding a bedroom, you may want to take into account the building code for both safety and resale value. Does that mean a basement bedroom without an "egress-able" window is a big problem? Not necessarily. Peer agents, appraisers, and builders alike can't seem to agree on how important a code-adherent bedroom is for tax and/or market value—but if you have the opportunity to add a larger window + exterior window well or upgrade, why not suss it out?
Here are the requirements per the International Building Code (and Seattle's Department of Construction and Inspections):
Curious what it would take to make your retrofit your bedroom window? Start with a contractor who does foundation and/or general contracting work and get multiple quotes! Hoffman Rebuilding, After the Fire Construction, and Wu Construction are my go-tos. What are yours?
Here are some more helpful notes on finishing your basement/adding the right windows from Hammer & Hand Construction, Owen Henry Windows, and GreenBuilt NW.
While we're talking planning...with contractors scheduling months out and remodel prices higher than ever, it pays to figure out exactly what you want before you embark on a project while being flexible later. I highly recommend starting with a floor plan (done by an appraiser or photographer) or "as-built sketch" (done by an architect, engineer, or house designer). The former costs as little as $150 and allows you to get a general sense of space/layout and play, while the full as-built may be sufficient for builders to use for their work (and may be several hundred or up to $2000). Either way, it pays to visualize that layout you *think* will be perfect. In the case of my house, Grant and I took several iterations to get the right flow for our daylight basement. Ping me for floor plan resources!