All Forum Posts by: Gina Jeannot

@Jeff Olsen

Michael has great advice, we have used that strategy as well.

@Jackson Long

Contracts! Looks like the foundation upon which the rest will be built on!

I agree with Joe and Jaysen. Of course nobody knows for sure, but both Matthew Gardner (Chief Economist for Windermere) and Lawrence Yun (Chief Economist for the NAR) are predicting the same thing: if the economy goes back to a somewhat normal activity level by fall, that we're likely to see a postponement of the regular spring housing market into fall where pent up demand, low interest rates and low supply cause house prices to increase even further.

Nothing is normal right now. Have your agent walk you through all the purchase and sale agreement options. Yes, you can offer a longer closing/inspection period and include the new addendum for unforeseen circumstances. Just know that until the stay at home order is lifted you will not be able to have a home inspection, in-person appraisal or in-person walkthroughs so you might be tied up in a house that's not making any progress for a while. 

Are you going to waive your inspection? If not, you’re going to need to hold off for at least another couple weeks. Gov Inslee just shut down all non-essential business in Wa and according to the Realtor association, he does not consider real estate agents or inspections essential. There’s a lot of other unknowns right now with how this stay at home order will affect real estate closings too (for example final walkthroughs). I personally would hold off until the order is lifted, then you can reassess at that time.

I've looked into doing something similar in the past. You might consider a prefab home which is built off site and assembled on site. These are usually cheaper and much faster to build and once it's up you can't tell the difference from a site built home (these are not the same as mobile homes). Here are my favorites: 

True Built ADU's start at $139/sq ft but you're completely on your own for permits, site planning etc. https://truebuilthome.com/home-plans/adu-homes/

Greenpods range from $180-$300/sq ft http://www.greenpoddevelopment.com

Stillwater homes are fancier and range from $350-$400 but their price also includes a project manager, architect etc. http://stillwaterdwellings.com

@Account Closed It's on the Port of Everett website - http://www.portofeverett.com/real-estate/developme...

So far everyone has mentioned cities south of Seattle. Take a look at Snohomish County also. We're north of Seattle and have homes under $300k in Everett (which is about 10 miles closer to Seattle than Tacoma), and surrounding areas. I have investment properties in Everett and chose to invest there because:

1. Prices are still affordable (for now).

2. We've seen very high appreciation in the last few years.

3. Rent is high.

4. We have a brand new airport.

5. We've got great employers like Boeing, the Navy and Funko.

6. The city of Everett has big plans to spend $635M over the next few years for a new hotel, new shopping center, new restaurants, 3.5 miles of walking/biking trails, 2 new waterfront parks (one with paddle board rentals), 4 new puget sound viewpoints, an outdoor performing arts venue and 400,000 sq ft of new office space. They hope to have this completed by 2020 and it should drive a lot more people to the area!

Yes, whole Seattle area is tenant friendly but, I thoroughly screen my tenants, set expectations up front and have an iron clad lease, so I haven't personally had any issues with the renters here.

Let me know if I can help with anything else!

So far everyone has mentioned cities south of Seattle. Take a look at Snohomish County also. We're north of Seattle and have homes under $300k in Everett (which is about 10 miles closer to Seattle than Tacoma), and surrounding areas. I have investment properties in Everett and chose to invest there because: 

1. Prices are still affordable (for now).

2. We've seen very high appreciation in the last few years.

3. Rent is high.

4. We have a brand new airport.

5.  We've got great employers like Boeing, the Navy and Funko.

6. The city of Everett has big plans to spend $635M over the next few years for a new hotel, new shopping center, new restaurants, 3.5 miles of walking/biking trails, 2 new waterfront parks (one with paddle board rentals), 4 new puget sound viewpoints, an outdoor performing arts venue and 400,000 sq ft of new office space. They hope to have this completed by 2020 and it should drive a lot more people to the area!

Yes, whole Seattle area is tenant friendly but, I thoroughly screen my tenants, set expectations up front and have an iron clad lease so I haven't personally had any issues with the renters here. 

Let me know if I can help with anything else!

Yes, I’ve seen several multiple offer situations in the last week which is something I haven’t seen in months. Economists are forecasting 2019 to be a strong year with house prices increasing another 7.5% in King and Snohomish Counties.