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Real Estate Investment and Development Opportunities

Details: Multi Family 2-4 Units Multi Family 5+ Units Single Family Rental Land Banking. Single Family. Single Family Buy and Hold Rehab/Flip New Construction Development. Multi Family. Multi Family Buy and Hold Rehab/Flip New Construction Townhome Development Apartment Development. For Buying and Holding Single Family Homes - Which areas do you focus

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Can I Sell a House That Still Has Renters

Details: The first step in selling your rental property is to review your lease terms. Fixed-term leases are different than month-to-month. It will be much easier to end a month-to-month lease rather than a fixed-term lease. There can be clauses that prevent you from showing or selling the property while still in the lease term.

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Cash Offer On Your Home Beachworks LLC

Details: Zillow Offers and Other iBuyers Pause Home Buying Services During COVID19. by Beachworks LLC | Mar 30, 2020 | Cash Offer On Your Home, Coronavirus, iBuyers, Seattle News, Seattle Real Estate Market, Selling a Home, Selling a House Off-Market. Zillow Offers and Other iBuyers Pause Home Buying Services During COVID19 Some of the most prominent iBuyer companies in the …

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Thanks – Your Offer Is On Its Way! Beachworks LLC

Details: Seattle home prices surged in April despite the stay-at-home order. Fewer sellers listed homes for sale, leading to a 40% decline in new listings compared to April 2019. This further constrained supply…

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Seattle Housing Market Update June 2020 Beachworks LLC

Details: In June, the median Seattle home price shot up to $732,000 from just below $700,000 in May. After more than two months of the stay-at-home order in King County, real estate activity seems to be picking back up. This is good news for a market that has seen restricted supply, with 30-40% less listings than would have typically been seen in the

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Zillow Offers and Other iBuyers Pause

Details: The restrictions on movement and stay-at-home orders that have been put in place by state and local governments to fight the spread of Coronavirus has put a damper on real estate activities. In most places, sellers are not able to perform the necessary activities to prepare their house for sale on the market, such as staging and taking photos.

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How Much is Your House Worth

Details: In your filters, put in a price range that you expect your house to sell for. For example, if your home was built in 1970 and hasn’t been maintained very well, you might want to look at prices ranging from $450,000 to $650,000. Start looking through the homes and pick out 3-5 that are similar to your house. While doing this, ask yourself:

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How Does Seattle's Mandatory Housing Affordability Affect

Details: The Mandatory Housing Affordability (MHA) is a policy which “ensures that new commercial and multifamily residential development contributes to affordable housing. MHA will provide at least 6,000 new rent-restricted, income-restricted homes for low-income people.”.

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Seattle Housing Market Predictions for 2020 Beachworks LLC

Details: The chart below shows a declining number of total homes for sale in January 2020 in Seattle. (Based on NWMLS’ InfoSparks data for residential and condominiums only.) “The housing market is coming out strong in 2020, showing all the signs of …

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New Washington Real Estate Excise Taxes Could Affect Home

Details: Aug 20, 2019 0 comments. If you are selling a home in Washington State, you should pay attention to the new real estate excise tax (REET) law that goes into effect in January 2020. The Washington State Legislature passed a budget this year that includes changes to real estate excise taxes collected on the sale of a house.

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Should You Rent or Sell Your House in Washington

Details: In an ideal world, everyone would buy one house, rent it out to pay the mortgage and fund their retirement, and buy a second home to live in. However, this isn’t very realistic, especially in today’s hot housing market in Western Washington. Although renting out your home may give you a steadier income than a one-time payment, that steady

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How to Sell a Property in Probate in Washington State

Details: The property will be listed and a marketing campaign will begin. On the advert, it is disclosed that the property is a probate sale. Generally speaking, a real estate agent will perform these services for a commission equal to 6% of the selling price. Receiving Offers—After the home is listed, you may receive offers. The initial offer needs

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Today's Housing Market VS the One That Crashed in 2008

Details: Foreclosures are another marker that can tell you if the housing market is on shaky ground. Foreclosures are currently at historic lows. Data from CoreLogic showed that in April 2019, only 3.6% of mortgages were in a stage of delinquency. That was down from April 2018 at 4.3% and was the lowest month recorded in 20 years.

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5 Important Questions a Seller Should Ask an Off-Market

Details: 5 Important Questions a Seller Should Ask an Off-Market Buyer. Selling your home off-market can be tempting if you want to avoid the hassles of a traditional sale or just need to sell a home quickly. Perhaps you’re relocating, or don’t have the money to put into fixing up the house before listing it.

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Is Your Seattle Property Eligible for an ADU or DADU

Details: You’ll have to meet these essential criteria to have an ADU on your property: 3,200 square foot minimum lot size. 25-foot lot width. 70-foot lot depth. The number of residents in the ADU and primary house must not exceed eight (unless everyone is related to each other) While you do not need to add parking for your ADU now, you also cannot

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How to Avoid the Hidden Costs of Selling a House

Details: The major costs of selling real estate fall into three categories; agent commissions, the costs of preparing a house for sale, and taxes. Nationally, the average total cost for listing preparation is $6,750 and involves tasks like painting the exterior and interior of the house, professional staging, moving costs, yard and landscaping, and deep

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4 Questions to Ask When You Inherit a House Beachworks LLC

Details: 4. “What condition is the house in?” When you inherit a house, it’s smart to conduct a home inspection. This way, you’ll know up front what condition the house is in and whether any work needs to be done. If you are opting to sell or rent out the house, it’s smart to understand these problems as soon as possible.

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What is an "Instant Offer" on Your House and How Does it

Details: That’s a fair question. It all depends on your circumstances. If you have the time to repair your property, you may find it’s better off to list the property. If you’re in a hurry to get out, you might be willing to pay for the convenience of a fast sale and avoid making repairs. Related Article: Selling a Home As Is Vs Fixing it Up. Key

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How Seattle Transformed Over the Last Decade Beachworks LLC

Details: The median home price in Seattle is around $725,000 now. Over the past decade, the average rent price has doubled as well, to nearly $2,000 for a 1-bedroom apartment. During this 2015-2019 period, Seattle lost any feeling of being a smaller city …

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How Did the Seattle Housing Market Do In April 2020

Details: At the beginning of 2020, Seattle’s housing market looked red-hot and promising, with agents reporting busy open houses, multiple offers and homes going pending faster than they did in 2019. So how did the Seattle real estate market actually fare in April? The data from NWMLS’ InfoSparks show that it did pretty well, all things considered.

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Should You Sell Your House During a Divorce

Details: In this case, working with a local, trustworthy, and family-owned real estate investment company might be the best way to go. They’re often able to provide a cash offer with a quick (or flexible, depending on your unique circumstance) close and purchase the house in its current condition, whatever that may look like.

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Renting Beachworks LLC

Details: WA State Supreme Court Upholds “First Qualified Applicant” Rental Law. by Beachworks LLC | Nov 19, 2019 | Renting, Seattle News, Seattle Real Estate Market. WA State Supreme Court Upholds “First Qualified Applicant” Rental Law The Washington State Supreme Court recently upheld Seattle’s “first qualified applicant” law.

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Seattle Housing Market Predictions for 2019 Beachworks LLC

Details: Updated homes and new construction homes were still selling, but that left realtors and sellers of older homes grappling with price drops. Some homes languished on the market for up to 90 days. By October, month’s supply of homes had shot up to 2.6 and 30 days on market was the new average—numbers Seattle hadn’t seen since 2014.

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How to Sell Your House Without a Real Estate Agent

Details: Fortunately, in a market as competitive as real estate, there are other options. If you’re considering selling your house without a real estate agent, you can either sell by owner or sell to a real estate investor. Let’s explore both options. Sell by Owner. Some people are do-it-yourself people while others are hire-a-guy people.

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What's Happening With Affordable Housing Around Seattle

Details: Earlier this year, Washington governor Jay Inslee signed legislation that would allow cities and counties to use a portion of excise taxes collected on the sale of homes for affordable housing projects. Previously, real estate excise taxes were only allowed to …

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What to Do When You Need to Sell a Hoarder House

Details: This discourages buyers from looking at the house. Related Article: 3 Things to Know Before Renovating Your Home. Perform Repairs. After cleaning out the house, you will likely discover that you need to do repairs. Hoarder homes can suffer from an array of damages from leftover food, vermin, mold, and pet damage. This can cause issues with the

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When is the Best Time of Year to Sell Your House in

Details: Redfin also released data from 2017 and 2018 showing that Thursday was the best day of the week to list your house for sale. Homes listed on Thursday got between $3,000 – $3,500 more than homes listed on Monday. Wednesday was the second-best day to list your house.

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The Pros and Cons to Selling Home As Is Versus Fixing It

Details: Firstly, it cost $90,000 out of pocket before they were able to make the extra few thousand dollars. Secondly, it may have cost 6-12 months of time to make repairs, list the home on the market, and close the sale. That all translates to a loss of $90,000 for nearly a year.

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3 Examples of Renter Problems and How to Handle Them

Details: The best way to prevent this situation from happening is to own a legal entity which then owns the rental property. In other words, set up a Limited Liability Company (LLC) and purchase rental properties under this entity. This way, any possible lawsuit …

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The Guide to Selling Your Home Fast in Seattle

Details: Proven Design Tricks to Sell Faster. Decluttering Your Home. Decluttering is probably the key ingredient to selling your home quickly. It goes without saying that a home for sale shouldn’t look like a hoarder house, but you also have to get rid of a lot of your junk and make the rooms in your home feel open, bright and inviting.

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What to Do If a Tenant Trashes Your Rental Property

Details: Option 1: Rehab and Re-Rent the Home. At this point, you may have a bitter taste in your mouth from the tenants who just trashed your property. However, whether you depend on the rental income or simply enjoy being a landlord, the most obvious option may be to clean it up and rent it out again. Although the process of rehabbing and renovating

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5 Tips for Helping an Elderly Relative Sell Their House

Details: Test. The process of helping an elderly relative sell their house is usually not an easy one. Older adults often have emotional hurdles when leaving homes that contain so many cherished memories. According to the Senior Advantage Real Estate Council, nearly 40 percent of property owners over 65 haven’t changed their address in more than 30

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Real Estate New Construction Projects in the Greater

Details: About Our Work. Beachworks is a family-owned real estate investment company focused on the acquisition, development, and sale of properties and homes in the greater Seattle area.

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The Pros and Cons of Upzoning in Seattle Beachworks LLC

Details: It’s designed to create more homes and more affordable housing in a city that severely needs it. Of course, not everyone is excited about the new policy. However, to many, this is one step closer to increasing housing supply with as minimal displacement and interruption of neighborhood character in a city that needs answers to these problems.

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Can I Sell My House if I'm Behind on Mortgage Payments

Details: If your house is worth more than what you owe on the mortgage then you can sell it and use the profits to pay back the lender. When selling property the traditional way, the escrow company will get a payoff amount from your lender and pay off the any existing mortgages at closing. This process looks largely the same when selling a house that is

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The Basic Guide to Inheriting a House With a Mortgage

Details: The process of inheriting a home is often emotional and overwhelming. There’s a lot to worry about—taxes, relatives, estates, etc.—and the stress only compounds when it turns out the inherited house still has a mortgage on it. When inheriting a house with a mortgage, we strongly recommend getting legal advice from a real estate attorney.

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Seattle Makes Building Backyard Cottages Easier

Details: A legal ruling earlier this week will allow the Seattle City Council to move forward on legislation to ease restrictions on building backyard cottages in Seattle. The legislation was held up by a legal challenge brought forward by a neighborhood group. However, on Monday a hearing examiner determined that the environmental review from the city was adequate to move forward.

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5 Questions About Building Green Homes in Seattle

Details: According to a 2017 article by GeekWire, over half of new homes built in Seattle in 2016 were green certified for the first time. By 2017, that number had jumped to 65% of all new homes. By 2017, that number had jumped to 65% of all new homes.

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Seattle Housing Market Predictions for 2018 Beachworks LLC

Details: If it’s anything like the last 12 months, we could be in for even more housing cost growth, more projects for builders, and a continued imbalance of supply and demand for homes. Affordable Housing According to The Seattle Times , the current average median price for a home in Seattle is $725,000 (as of October 31st, 2017).

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Seattle Real Estate Market Update June 2019 Beachworks LLC

Details: Seattle’s real estate market update is gathered using info from NWMLS’ InfoSparks in City of Seattle using data for residential and condominiums sold only. In June, Seattle home prices were down from May’s high. The median sales price for a home in Seattle is now up to $700,500, down from $711,000 in May. Months of Supply: 2.7.

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5 Benefits to Downsizing Your House for Retirement

Details: Older homes typically need a lot more maintenance and repairs—and there could be deferred maintenance. The most common problems in older homes are outdated electrical and plumbing systems, uninsulated walls, inefficient appliances, drafty windows and toxic materials such as …

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Top Concerns For Selling and Buying a House at the Same

Details: This is especially true if you don’t get as much profit from the sale as you hoped. On the other hand, if you keep your budget too conservative, you could miss out on a bigger or better home and regret it later on. In a traditional home sale, you’re relying on the housing market and your listing agent to get the home sold on your timeline.

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Seattle Zoning Changes to Expect in 2018 Beachworks LLC

Details: Those looking to rent an apartment are having a difficult time finding anything which allows for more than one or two residents in current multi-family zoning. In fact, a study by Curbed Seattle found that over 50% of new apartments constructed between 2012 and mid-2017 have been studios and one-bedrooms, with less than 2% being three-bedrooms.

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Seattle Earthquake Preparedness: Five Things You Need For

Details: Keep a toothbrush, comb, toilet tissue, and other hygiene items in your preparedness kit. It may be a while before stores have these items for sale again, so they are useful to add. A Whistle. If an earthquake somehow traps you, a whistle is essential to call for help. Rescuers searching for survivors can locate you faster if you have the means

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