Happy Belated Birthday to Us – Saving Buyers & Sellers Beaucoup $$ Since 2009

March 31st, 2014 by Marc Holmes

WaLaw Jersey (1280x720)So we’re very excited to be sponsoring our first sports team – Teeball in Magnolia – and it’s not too surprising that my 5 year old son picked this number for his jersey.  I took this photo a few days ago and have looked at umpteen times since but only now did it dawn on me that we’re 5 too!  WaLaw Realty was officially formed in February 2009.  Perhaps I overlooked it because I’ve always considered our start date to be when we rolled out the website which was late that summer.

In any case this seems like as good a time as any to reflect on the past 5 years.

–          $134,858,159 in total sales volume

–          $2,860,535 in buyer rebates and seller commission savings

–          Average buyer purchase price – $688,619

–          Average seller sales price – $568,657

–          Average buyer rebate – $14,038

–          Average seller savings – $12,239

–          Most expensive buyer purchase – $3,100,000 with a rebate of $65,844

–          Most expensive listing sold – $1,700,000 with a commission savings of $34,245

–          Least expensive buyer purchase – $168,000

–          Least expensive listing sold – $115,737

And we did all of this with a fraction of the staff and overhead of traditional brokerage companies.  Boo yah!!

I am incredibly lucky to have an incredible staff and the best clients in the world.  I can’t wait to see what the next five years brings!

Our New Year’s resolution for more happy homeowners is working!

February 16th, 2012 by Claire

And thank goodness, because I’ve already given up on the gym.

We have had a great start to the year here at WaLaw Realty, with three new closings already this month. Check out what we’ve been busy working on….

 

  Our buyer clients purchased this stately Victorian home overlooking Fauntleroy Cove and saved $6834, that’s a lesson in the era of elegance and economics!

 And look at this beautifully remodeled Newport Hills home that sent $7399 back to our buyers.

And let us not forget our WaLaw sellers, who listed this stunning Bainbridge Island home with us and received a rebate of $8212 at closing!

If your New Year’s resolution is to save money, then you’ve come to the right place. At WaLaw Realty, you can buy your dream home and get money back, so far saving our clients $1,170,784…to be exact.

 

Holy rebate Batman! WaLaw has now rebated $1 million

December 29th, 2011 by Marc Holmes

We’re very excited to announce that with our most recent closing we have now rebated over $1 million dollars to our buyers.  And that’s not counting the thousands of dollars in commissions we’ve saved our sellers.

Since we opened our doors in 2009 our buyers have received an average rebate of $13,514.  That’s the average amount of cash they received at closing, and that’s after our fees are paid in full.  We’ve had two clients receive over $50,000 and, in an off market deal, one client got over $60,000 off his sales price in lieu of the commission.  That’s some serious jack.

What’s even more satisfying to us is the incredible feedback we get from our clients when they’re deals close.  The accolades they express about our service is priceless and the referrals they send our way is the cherry on top.

Thank you to all of our wonderful clients who have made this possible.

Real Estate Brokers Do Not Want to Hear This…

August 24th, 2010 by Marc

Per a recent article in the New York Times, popular wisdom may now be off the mark in thinking that housing is a “good investment.” Most people have believed for their entire lives that buying a house made good financial sense. You need a place to live anyway, you get a tax break on the interest, and most importantly houses appreciate in value over the long term, like stocks (but unlike virtually every other “consumer” good, which of course depreciates in value).

But apparently there is a new reality: Given the hangover from the housing bubble, evidence now suggests that housing prices will not significantly appreciate for a very long time, particularly in those areas that were most susceptible to the bubble.

Why is this important? Well, many buyers of real estate do so for the investment. If housing is no longer considered to be a good investment, then many of those potential buyers will seek to invest their money elsewhere. And fewer buyers will translate into continuing downward pressure on buyers. Which in turn will make housing a less profitable investment. In other words, this cycle will feed on itself, depressing home values further in the process.