Home Seller Seminar – Buying or Selling a Home in a Crazy Sellers’ Market

February 29th, 2016 by Claire

WaLaw Realty is offering a Home Seller Seminar on Thursday, March 24th at 6 pm to anyone interested in learning how to successfully buy or sell a home in Seattle’s crazy seller’s market.  The class will run from 6pm to 8pm at our office in Lower Queen Anne.  We’ll provide pizza and beer.  Tickets are $5 per couple and 100% of proceeds will be donated to the Housing Justice ProjectPlease RSVP on our Event Brite page.

Whether you’re a first timer or an old pro, you’ll learn something new at this class.  Real estate attorneys and licensed brokers, Marc Holmes and Kim Holmes, will discuss:

  • Current state of the Seattle/Eastside market
  • Tools and resources for marketing a home whether FSBO or through the MLS
  • Correctly pricing the home (what FSBO sellers most frequently get wrong)
  • Dealing with potential buyers and agents
  • Seller disclosure requirements and protecting your interests (whether a buying or selling)
  • The offer negotiation process
  • The title and escrow and the closing process

Audience feedback and participation is encouraged so we can tailor the talk to the interests of the folks who attend.

Marc and Kim will also answer any questions about WaLaw’s flat fee business model that combines the services of a real estate agent with the skills of an attorney, all at a cost that is a whole lot less than what you would pay a typical agent.

Click Here to Register Today for our next Home Seller Seminar.  We look forward to seeing you!

Afraid of Selling Your House This Fall? Don’t Be.

October 14th, 2015 by Marc

Historically low inventory and a plethora of buyers makes this fall a fiendishly good time to sell

Popular wisdom says wait until spring to sell your house.  Of course, that same wisdom says don’t take candy from a stranger yet 50 million US kids are going to do precisely that at the end of this month.  If you’ve been thinking about making a move, now may be the perfect time to trick tradition and treat yourself to a big bag of money.

The logic for waiting until spring is that there are fewer buyers looking during the fall and winter.  It’s assumed that buyers wanting certain schools won’t disrupt their kids’ schedule and that buyers have generally settled in to wait out the winter doldrums before diving back into the real estate market.  While that may be true for some buyers, it’s not true for all of them.  Moreover, there is a great corollary benefit for sellers: fewer homes for sale means less competition for the buyers that are still looking.

2015 has been plain awful for buyers and absolutely amazing for sellers.  Per the dark green lines in the charts below, courtesy of our friends at SeattleBubble.com, the past year is on pace to be among the best for homes sold despite being the worst for the number of homes for sale.  And inventory is about to drop even further off the proverbial cliff over the next few months which presents a ghoulish opportunity for the bold seller willing to defy conventional wisdom.

KingCoSFHInventory2015-09KingCoSFHClosed2015-09

Interest rates are super low and there are plenty of buyers that want to buy a house.  Quite a few have lost out on bidding wars and are ready to pull the trigger the second a good house at a remotely decent price hits the market.  Many more are watching and waiting for just the right house to come along.

Every house is different and some may be better candidates than others to list in the fall or winter.  If you’ve been wondering if now is a good time to test the market, we definitely think you should consider it.  Give us a call or shoot us an email if you’d like a second opinion on whether now is the time to list or if waiting until spring is the way to go.  You can reach Marc at 206-357-4224 or marc@walawrealty.com.

 

 

 

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!

WaLaw Realty’s Craftsman Home Listing Featured in the Seattle PI’s Real Estate Profile

April 3rd, 2013 by Claire

We listed this beautiful craftsman home just last week, and found it featured in the Seattle PI’s real estate profile of Central District homes for sale. Look at it there, right on the front page! And good news, as of this very second it’s still available!  http://bit.ly/10xwGPE

Want to know more about how WaLaw Realty can help you save money on a house purchase in the Seattle and Eastside region? Check out our services for home buyers and home sellers!

Seattle Craftsman home for sale

Seattle Home Buyer’s and Seller’s Savings – It Still Feels Like Summer Edition!

October 9th, 2012 by Claire

Last month we posted all about our buyers and sellers savings – summer edition. Maybe it’s just me, but I feel like September was summer edition part II!  Our clients saved a grand total of over $90,000 in September, that’s a lesson in back to school savings. Thinking of buying soon? Craig outlines the need for buyer representation in his latest blog post, “What is a buyers agent? Does a buyer need a buyer’s agent?” or this one on how our real estate agent commission rebate works.

For even more reasons, check out our closings and rebates below! (more…)

The WaLaw Real Estate Agent Commission Rebate: How it Works, How You Save Money

September 14th, 2012 by Marc

Here at WaLaw, our No. 1 question from potential buyer clients is, “How does your rebate work?”  Or, as one potential client recently put it, “If we want to use you as our buyer’s agent, are you able to swoop in and collect that 3% fee?  Is the listing agency left out in the cold?”  While we love the image of WaLaw “swooping in” – It’s a bird.  It’s a plane!  It’s WaLaw!!” – the process isn’t quite that dramatic.  But we are able to capture the 3% commission and rebate it to our client without causing any problems whatsoever.  Here’s how:

We Work Within the Existing Real Estate Broker Commission System

The following illustrates the WaLaw rebate where the buyer (the woman) purchased a home for $500,00 and the seller (the man) offered the typical 3% commission to the buyer’s agent:

How WaLaw's Buyer Agent Commission Rebate Works

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Home Selling and Home Buying Savings in Seattle – Summer Edition

September 7th, 2012 by Claire

12 Closings in August = $187,260 in Rebates to WaLaw Clients

Have we mentioned lately how much we love our clients? In the month of August alone, we have had 12 clients close on their homes, and they collectively saved $187,260! No, that’s not a misprint, or a misplaced zero. Yes, our model really works!

As if the money wasn’t enough, they also had a great time – check out some of their testimonials. Congratulations to all of our August buyers and sellers.

 WaLaw Sellers:

Refined Kirkland 3 BR on 3/4 acre

 

 

Rebate: $5,693
Refined Kirkland 3 bedroom on 3/4 acre 

 

 

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