Team Reba Real Estate

Ok, all I can say is… take a moment to read through the top of the sign on down.  It’s funny as heck as soon as you put the whole scene together but you surely don’t want your residential development to become famous just because of a really bad naming job.

Ok, I’ll admit that when I first learned about ActiveRain I had some healthy skepticism for it. With so many programs within the REALTOR(R) Association where a designation gave you access to a pool of agents nationally, or a broker affiliation might provide it, or some kind of combination thereof - I thought, “what does this site have to offer me?”  Or, as it used to be put when I was in corporate work - the WIIFM factor - “what’s in it for me?”

So, I finally decided after having a relatively bare agent profile on the site for several months to go ahead and start networking on it.  I’ll say right now that so far I am relatively pleased with the results.  It seems a lot of people do read the stuff that gets written on there and now I must say my competitive side of me is kicking in and I want to be number one in the Seattle spot.  I’m pretty sure if I converted my location to Renton (where my home office is) I’d be number one at this point based on the scoring system they use.

Anyhow, another *sort of* benefit is that a new business opportunity listing we’re co-brokering with another agent in our office (Robin Tomazic) got picked up by a local blogger for the area where it is located - Georgetown. You can see the blog post here.  Hey, buddy, thanks for helping us advertise!  We’d like to find a wonderful new owner for the restaurant and bar who will be as supportive of the community as you are.

One of my favorite shops, even if just for eye candy, is Frock Shop in Phinney Ridge (Seattle).  The clothes are fun, feminine, and oh so fun to look at too!  I also love that the shop owner, Suzy Fairchild, makes sure to stock sizes for the well above zero to size 2 crowd.  However, she doesn’t stock a ton of each size but this does have the side benefit of meaning you won’t find many (or any) people showing up at the same party wearing the same outfit as you.

This fantastic Chancellor home has incredible space for the price. With 3220 sqft of space encompassing 5+ bedrooms, an office, bonus room, and extra finished room you’ll love it.  Thoughtful built-ins help maximize the space you get and keep clutter at bay. Easy access to transit and commuting options make this a fantastic place to call home. (Metro buses 236 to downtown Kirkland and 257 to downtown Seattle come by within a half block.) 

Relax in the large back yard on the deck, or shoot some hoops and then ease your muscles in the hottub. You can’t go wrong with this home!  To make it even more relaxing, there is a 1-year basic American Home Shield home warranty that is available to the buyer at closing to help cover the appliances and systems in the home.

A slideshow of all the photos is available here.  A total of 17 photos to be exact showing all the rooms of the house except for the garage interior and laundry room.  There is an eat-in kitchen with space for a couple of barstools and/or a kitchen table for more informal dining.

The home is located near Totem Lake, where Evergreen Hospital is growing by leaps and bounds and it is also near one of the first Trader Joe’s in Washington.  Lots of local amenities and there is a community pool you’ll have access to as well.  Better get busy before Labor Day weekend if you want to enjoy it this year!  Local park & ride nearby makes the possibilities of reducing your carbon footprint easier.  Easy access to Eastside companies and employment centers(Bothell, Bellevue, Redmond) such as Microsoft, Expedia, and Overlake Hospital.

We’ve even got a great offering from Eric Aasness (one of our co-contributors) that if you use his office for the financing portion, they’ll offer 1% of the loan amount toward your closing costs!  With 10% down, the loan amount will still be under the new, temporary increased level of conforming loan limits - which is $567,500.

Come swing by and take a look for yourself!

We’ve been getting some good news from many of our past clients in the last several weeks and I must say that it’s really nice after reading so much of how the media slams our industry and the gloom and doom news that abounds. 

One of the stories I love is about a client who moved to Costa Rica a couple of years ago.  We originally met this clients as she prepared to sell a long time family owned property that sat in L3 zoned land in the Ballard neighborhood of Seattle.  Because of the size, location, and level aspects of the site she was able to get much for the single family home than she might normally get in residential zoning. 

Since moving to Costa Rica, she has been sending me updates about her adventures and now the house she is having built.  Just this week I received several photos of which I am thrilled to view and share here.  It’s also intriguing to me to see how construction is handled in a country other than the USA. Check out some of these shots….

Joan and her builder, Richard, walking by Nispero lumber.

Temporary power set up

House view to the north

View east to the garden

Congrats, Joan, on making your dreams come true!  It’s a ton of work, I’m certain, but it’s great to see you putting together what you planned and watching it come together.

Recently, I was able to confirm my belief in the notion of there being only 2 degrees of separation between any one of us and another person.  Even though the more commonly held viewpoint is that there are 6 degrees of separation, or in the case of a fun game, known to many, “six degrees of Kevin Bacon.”  I started my belief in 2 degrees after Michael and I first met 7 years ago shortly after which I held a party called the Mix & Match. The intent was to bring my friends together and some new people into our circle by asking each couple and single invited to bring a single person I personally didn’t know to the party.  What we found was that there were roughly 2 degrees of separation between a large number of people at the party once people started asking how they knew me or Michael.  Leap forward to this year and how I’m even more solidied in my view…

So, a client I’ve been working with for over a year by email comes into the USA for a monthlong trip.  The couple lives overseas in South Africa where the husband works for a government run organization.  He’ll be retiring in the next 1-3 years and, since they have family here, will be moving back to the Pacific NW to be close to their daughters who live up this way. 

Now, I’ll say, these folks were referred to me by an agent in Idaho so I really didn’t think much about who else they might know.  I did get them introduced to an agent in Vancouver and one in the Portland, OR area since these are some of the locales they are considering outside of the Greater Seattle area.

It turned out that with my client’s price point requirements we didn’t really find much for them in King County that was interesting, so we ventured down to Pierce County and focused on the City of Tacoma for the most part since it had commuter services to Seattle and a pretty decent housing stock that met our requirements list.  The house hunting crew consisted of me, the couple, and one of their daughters.  The first day we all went but on the 2nd day their local host offered to take the daughter mall shopping, something she (at 22 yrs old) was more interested in.

While out driving around on our 2nd day of home hunting I got a phone call from a friend and colleague of mine in escrow, Jamie Kondo (yes, one of our co-contributors to this blog).  I told her I couldn’t really talk and asked if I could call her back.  She asked, “are you with your out of town clients?”  Yes.  And she then said, “I think I just met their daughter.”

Huh?

It turns out that the host couple who my clients were staying with in Newcastle, WA are related to Jamie.  In fact, the lady she was telling me about, who brought my client’s daughter to where she was, is her aunt.  That’s 2 degrees of separation to me.  So, from Idaho, to South Africa, to Seattle/Newcastle to Pierce County (Jamie’s stomping grounds) and Oregon (where the daughter lives). 

Jamie and I have worked together on many real estate transactions over the 5+ years we’ve known each other (through 2008) so it’s pretty funny to have this connection work itself out with neither of us having generated it.

What really cracked me up was to hear my clients say that I’d just proven a point to their daughter.  They’d always stressed to their kids that you should always watch your actions in public because you just never know who knows who in the room and where information about any bad behavior might go.  A good lesson for agents too as bad service may travel farther and wider than you can imagine.

Kevin Bacon… I may just have you beat.

A local mortgage professional who we sometimes work with sent out a notice today.  See the comments below in Italics. 

Most of you are aware that Down Payment Assistance programs like Nehemiah, etc. are history effective October 1st. Lenders are requiring that loans using DPA’s fund by September 30th. Therefore, some lenders are requiring locking and submissions by August 15th and others by September 12th.  

If you have any clients that need this program, now is the time to do it. While there is a movement to get the programs reinstated, it’s anybody’s guess as to how that will turn out. Let me know if I can help you in any way. 

Jerry Rutherford 

Professional Mortgage, Inc.
22659 Pacific Hwy So Suite 101
Des Moines, WA 98198
Phone: (206) 870-5050 Cell: (206) 356-1711
Toll Free: 1-800 764-5626
Email: jrutherford@pmiloans.com
www.pmiloans.com
WA Lic. # 510-LO-35158

I’d been receiving some other industry requests asking for feedback to be sent to legislative members who were responsible for voting.  It seems that even with support from the NAR and mortgage professionals who see the daily need for programs like Nehemiah, the folks in government decided to act rashly anyway.  I guess it’s typical politics as usual because government frequently seem like a massive pendulum going to extremes and only after protracted battles and lawsuits will it go to the center and make sense.

A new pamphlet has been started for licensees within WA State to receive semi-annual updates of legislation affecting our industry.  I’m a fan of it so far and the very first story on the front page of the pamphlet tells us about the new licensing law for RCW18.85 coming into effect on July 1, 2010.

Not only will there be higher initial education standards for new agents, but there will be other fun updates to the requirements such as fingerprinting and background checks with WSP and FBI.  This is not new for other states such as Kansas (where my mom, Myrna Haas, does business) as they’ve implemented this kind of procedure as well.  And, I for one, am happy to see it happen.  Hopefully we’ll be able to better monitor the quality of those getting into the industry and hold higher standards overall.

Want another reason for those kinds of background checks to be done?  One of the noted disciplinary actions in the document revealed that an agent had a level II sex offender background and he’d failed to register and provide that information to the department. There are others who may have convictions in drugs, theft, larceny or fraud that the public might want to have screened out from the business as well.

Oh, and one other thing.  The titles of agents will change too.  People who are currently labeled Sales Associates, Real Estate Agents, or some similar name will become “brokers”.  And those folks that had broker licenses before will become “managing brokers”.  Happy licensing……

So, the other day I’m posting yet another of our client listings to Zillow when I get an email telling me that I have become a Zillow All-Star.  I think to myself, “what the heck is that?”  So, in looking it up I find out that, according the notice posted on their site:

It’s kind of funny, really.  When Zillow first came onto the scene a lot of agents saw them as a horrible new type of competition.  We’ve never felt that way although we did make sure to try and understand what the online service was, and wasn’t, so that we could help educate our clients and the public on this new tool.  Being that the firm is locally based, I’d like to see them do well because it helps bring jobs to our local economy and I think the services they offer are valid.  There’s nothing wrong with wanting to get a bit of an idea of what your home value might be without having to get an agent involved, or to hire an appraiser.  If it’s just curiosity you’re dealing with and not a sale or a refinance, then checking this site out is not a bad thing.  It also helps people understand where their neighborhood values may be going too.

We’ve even gone so far as to include it in our marketing of properties when we have listings.  One of the tools I like on the site is the “claim my home” because we can do that and update the information on the site if there have been changes to a house. Frequently the info that Zillow is working from is incorrect or out of date - so this is a way to make the data that is publicly available match what we’ll have in our listing packages. It’s a good tool overall since we know a large number of people look here to compare Zestimates(R) with listing prices.

What is a Zestimate(R)?  Again, from the site:

“ Zestimate

A Zestimate home valuation is Zillow’s estimated market value. It is not an appraisal. Use it as a starting point to determine a home’s value.
Learn more

The Value Range is the high and low estimated market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table “

For people who are relocating to a new area, Zillow helps an out-of-town buyer understand neighborhood price points and values with this information available once they go home after a whirlwind trip into a new town to look for a home.

Anyhow, I guess it feels good to be an “All-Star!”