Posts Categorized: Buying a Home

January is the time to sell and buy!

By Rosie Rourke, posted Jan 23, 2018

best real estate agent near me

Don’t wait until Spring… NOW is the time to list your home!

 

Believe it or not, now is actually the best time to list your home! Competition is lower on the selling side and that means more qualified buyers are ready and waiting for your home to show up on the market!
Whether you are looking to upsize and cash in your home’s equity to get a larger one or you are ready to downsize for the next chapter, the Rosie Rourke Team has both selling and buying solutions for you.
And if you need to sell your home in order to buy another one you don’t need to worry about being displaced, we have creative loan solutions from the areas top lenders to help with a seamless transition!

Bottom-line…

why wait until Spring when my team has buyers ready and waiting NOW!
Contact me personally for an in person home valuation and check out what our clients are saying about the home selling and buying process with my team… it is possible to SELL AND UPSIZE in this market!

 

What our clients are saying about selling and buying…

 

“Rosie and her staff were amazing to work with. My wife and I were in the market to sell our home while buying a new one. Rosie came to our home, explained the process of buying and selling at the same time in the most simplistic way that both my wife and I could understand. Because of the amazing work by Rosie and her team, our house was able to sell in just 6 days. When looking for a new home with more space, Melissa did her research and presented us with homes that were in our price range and in the area we wanted were looking in. In fact, we were able to find a home with minutes walking from our old place. Because of Melissa’s amazing work, my kids are able to stay within walking distance of their friends. Thank you to Rosie, Melissa, and the rest of her team for the hard work and dedication to helping families find the perfect home!”
-The Nicholson Family sold and bought a home in 2017 in Bonney Lake, WA.
“Rosie is the consummate professional. She was kind, caring, patient and knew exactly what I needed. She is responsive and I felt confident at all times that she would make sure everything was in place with my transaction. I can’t recommend her highly enough!! “
– Sundiemarie bought and sold a Condo home in 2016 in Park Orchard and Renton, WA.
“My partner and I are well into our 70’s. We decided to sell the home and 14 acres where I have lived for 48 years. We chose to work with the Rosie Rourke team of John L. Scott in Kent, WA. Colleen helped us find a house to buy before we put our house on the market. We were impressed by Colleen’s energy, competency and honesty. She carted us around a radius of about 20 miles and found for us many places that might fill our needs. After we chose a house to buy, Colleen competently walked us through the stacks of paperwork that accompanies purchasing a house. We enjoyed her so much that we began to refer to her as our handler. Just yesterday she met us at our newly built house to hand over our keys and sip wine (our idea) and meander the lovely new abode that filled my desires for light, a walkable neighborhood with grocery store, restaurants, nature trails and a city bus. Well done, Colleen, our dear handler.”

-Liz Mathewson and Marsh Pancheau bought and sold a home in 2017 in Maple Valley, WA

So… what is the next step?Rosie Rourke, Managing Broker, 206.719.5870

That’s the easy part, contact Rosie directly for a casual, one on one chat about your home… now really is the best time to get started! (Be sure to mention you received the post card too!)
206.719.5870

Happy New Year… SELLERS WANTED!

By Rosie Rourke, posted Jan 12, 2018

Happy New Year from South King County’s Best Real Estate Team!

WANTED… People who want to sell their home and cash in on this incredible market! Our buyer’s agents Melissa Hudson and Colleen Jacobs Linder have pre-qualified buyers ready and waiting to make offers… NOW! I know, it’s only a few weeks into the new year, is the market that hot? The answer is YES! But, there is a shortage of homes for sale in Kent, Renton, Fairwood, Maple Valley, Bellevue, Auburn, and all areas in South King County & North Pierce County!

Don’t wait until spring, NOW is the time to list…  Less homes for sale = Less competition and more qualified buyers looking at your listing! https://rosierourke.com/whats-my-home-worth/

The Power of One…

By Rosie Rourke, posted Sep 28, 2017

The Power of One…

 

Did you know that just a 1% rise in mortgage interest rates can spell disaster for the home buyer looking to make a purchase? It means a loss of 10-12% of buying power. Essentially that could cost a Northwest home buyer their chance of buying a home at the top of their price range and be stuck owning something at the bottom of their range. Scary, right? So when you watch the news and they talk about rising interest rates, it’s something to pay attention too.

 

Here is a great example, let’s say that you buy a 4 bedroom, 1800 square foot home for  $503,000, your mortgage payment with a 4.25% interest rate would be $2475 per month. Now, if the interest rates rise just 1%, you could end up with a smaller, 3 bedroom, 1500 square foot home for $458,000… and your payment would be $2529! Higher payment, smaller house… that is the power of one!

 

Ok, this is a little gloomy, but there is hope! Interest rates are still historically low… but have been creeping up. But ask yourself, “Can I REALLY afford to wait until next year?” The answer is NO… YOU CAN’T! So here is the deal, my team and I want to help… and now is the time.

 

Need to sell so you can Upsize/Downsize? The market is hot, your home will sell faster than you think, and we work with many lenders that can help you finance the purchase of your new home while listing your current home… you have options!

 

Tired of renting? Our team has 2 dedicated, expert buyers’ agents who are ready to help you find your dream home and close the deal in this competitive home buying market!

 

Yes, the Power of One can be great… but just imagine what you could do with a team behind you ?

Breaking News About The Real Estate Market!

By Rosie Rourke, posted Jul 15, 2017

Hi everyone, Rosie Rourke here! I have some breaking news for you about the real estate market… it has slowed down for the summer! I know, all you hear on the news is how hot it is, but my years of experience and the numbers don’t lie! But this is a great opportunity for you if you are ready to buy!

renton real estate trends

Using zip code 98058 (Renton/Fairwood) as one example, see above chart. I’m happy to run a report in your zip code–just contact me! The report shows the last 5 years history. As you can see, every year during the summer and holiday months, the sales dip in quantity. Our area has very limited sunshine, so when summer arrives, the buyers and agents disappear. Especially when kids are out of school. Families take their annual vacation and summer sport tournaments take over.

Even in the best of markets, this trend continues. Note the lack of inventory for this year over the last 5 years… wow! Our market is still extremely hot, just in a plateau as buyers take a break for sun & fun. 

I hear so many times… “I thought summer would be best time to sell since the families need to position for school”. In reality, it already happened in late Spring so that buyers/sellers could enjoy the summer months.

Without rapid pace of sales, the inventory is higher than it has been since Spring market, but on par for last year this same time.  Don’t worry! September and October will heat us back up again.

If you are a buyer, now is the time to take advantage of buying without fear of a bidding war and having no leverage. And, sellers – we got this! Your house may not sell within minutes, but we will sell it for top dollar in a timely manner. 

Area Home Prices Are Up… BIG TIME!

By Rosie Rourke, posted Apr 26, 2017

Area Home Prices Are up $132,500 in The Last 24 Months… Whaaaat?!

This isn’t a type-o! Can you believe that? We are looking at the hottest real estate market with the highest home values in our area EVER. For example, home prices in Fairwood alone are up over $132k in the last 24 months. AND, mortgage rates are still at historic lows and home inventory is down. What does that mean for you, the happy home owner? That means your house will sell for more than you ever thought was possible… and fast! The majority of my listings are selling above asking price and we are getting multiple offers.

I know, this is a lot to take in, but is THE time and this is YOUR opportunity to cash in if you are looking to upsize, downsize, or cash in on a rental home you are tired of managing. Just know that I am here to help you navigate this crazy market and help you make the best decision for you and your family.

Call me, text me, email me, or just stop by my brand new office in Kent sometime, I’d love to reconnect and look at your options!

Fairwood Featured Business – THERE YA GO ESPRESSO!

By Rosie Rourke, posted Jul 11, 2016

With this post, I am happy to be continuing my “Fairwood Featured Business” series with installment #7

My ongoing passion is to highlight and celebrate the neighborhood I live in, raise my kids in and work in.  I believe that a big part of what enhances our quality of life is when we enjoy our surroundings.  So I’m taking an opportunity to focus on our neighborhood specifically and to appreciate all that we have here, so close to home.blog pic 6

Previously on this blog, I have featured Plaza Cleaners, Fairwood Thai Cuisine, and Cosmo Nail Parlor, Fairwood Golf & Country Club, Fire District #40, Station 17, and Shakey’s.

For the month of July, I am so happy to feature There Ya Go Espresso!!

This my favorite coffee stop for so many reasons!  It’s close, it has a convenient drive thru, and They Know My Name!  I love great customer service, and that’s what I get every time at There Ya Go Espresso.

Owners Brian & Shelly Cox bought the Fairwood stand in 2008.  Both local kids, (Brian – Kentridge HS, Shelly – Tahoma HS) their commitment to bringing quality independent business to their community is something I truly admire.  They own two locations, Fairwood and Maple Valley, and have been working in the coffee industry since 1995,

Caffe’ D’arte Coffee

There Ya Go proudly serves Caffe’ D’arte Coffee, which I learned is one of the oldest roasters in Seattle.  They were roasting here when Starbucks and Seattle’s Best were just baby coffee companies!  Caffe D’arte also has a roasting plant in Italy, so it’s like having “real Italian roast” right here in Seattle!  In addition to coffee, There Ya Go serves a variety of teas, food items, and recently began offering SPARK, by Advocare!

The Fairwood location was just remodeled in 2016, employs 6 Amazing Baristas, and offers specials every weekday!  Free Muffin (banana bread) Monday, Two Stamp Tuesday, 4th Shot Free on Wednesday, 50c off Food Thursday, and Free Flavor Friday!!!

Open every day from 5am-5pm, There Ya Go Espresso is one of Fairwood’s Finest!

Thank you Brian and Stacy Cox ~ keep up the good work!

~Rosie

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Fairwood Featured Business – Shakey’s!

By Rosie Rourke, posted May 06, 2016

With this post, I am happy to be continuing my “Fairwood Featured Business” series with installment #6.shakey's blog pic

My ongoing passion is to highlight and celebrate the neighborhood I live in, raise my kids in and work in.  I believe that a big part of what enhances our quality of life is when we enjoy our surroundings.  So I’m taking an opportunity to focus on our neighborhood specifically and to appreciate all that we have here, so close to home.

Previously on this blog, I have featured Plaza Cleaners, Fairwood Thai Cuisine, and Cosmo Nail Parlor and Fairwood Golf & Country Club and Fire District #40, Station 17.

For the month of MAY, I am proud to highlight Shakey’s Pizza Parlor!

Only 2 in Washington State

Did you know that our Fairwood Shakey’s is one of only two in Washington?  You’ll have to drive to Pasco to find the other! Shakey’s was founded in 1954 and has been a center point of West Coast culture since then.  Shakey’s has a long history in Renton and I am glad that Fairwood is home to this classic family restaurant.

New Owner

In February, 2016 Lori Bender took over the reins as the new owner.  A Fairwood resident herself since 1977 and longtime restaurant owner, Lori is passionate about revitalizing our Shakey’s.  Here are just some of the exciting changes underway:  remodel of restaurant and kitchen, revamped menu, improved beer & wine selections, larger game room, and some lower prices.  With such a long history in Fairwood, Lori wants to ensure that Shakey’s is going strong for years to come.

Family Friendly

Shakey’s has always been a great gathering place for families. It’s kid friendly and comfortable with selections for adults as well. Our sports teams have long enjoyed after game meals and banquets there.  Lori showed me the reconfigured party room, and it is a great gathering place.  Shakey’s has hosted engagement parties, baby showers, sports team banquets, birthday parties and even a wedding reception!  If your group really needs the party room, it is best to make a reservation, but Lori said that Teams are ALWAYS WELCOME – just c’mon in!

Take a New Look!

I am excited to take a new look at an old favorite!  Shakey’s is open daily from 11-9pm and until 10pm on Friday and Saturdays.  Lori has generously offered  to take $2 off of any large pizza order if you mention Rosie Rourke anytime in the month of May.

Thank You Lori!  And thank you Shakey’s for continuing to be our Fairwood family gathering place!

~Rosieshakey's blog pic 2

 

 

FAQ – Inspection vs. Appraisal

By Rosie Rourke, posted Mar 25, 2016

What is the difference between an inspection and an appraisal? What do they do for me?  These are questions I am asked all the time, so here is a brief run down of each.

Inspection

  • Optional,  but highly recommended for the buyer.
  • Inspector works for the buyer to find any issue that may make the home purchase unwise or less desirable.
  • The Rosie Rourke Team will always be there at your inspection, representing you and your interests in the home purchase.

Appraisal

  • An appraiser is sent by the bank doing your loan on the home purchase.  They represent the bank’s interest and their function is to determine the value of the home.
  • Appraisers do not inspect a home for hidden structural issues.
  • Appraisals are not required if you purchase a home with cash.
  • A bidding war drives the home price up? An appraiser may determine that the agreed price is above the value of the home, in which case the bank may not loan the full amount.
  • The Rosie Rourke Team will always be there at your home appraisal, offering strategies to help you navigate through the process.

Let me know what YOUR questions are ~ I am happy to help!

~ Rosie

Seattle job market among country’s hottest!

By Rosie Rourke, posted Mar 17, 2016

blog picOnly 3 cities across the country had a hotter job market than Seattle last year!

The Puget Sound Business Journal reported that Seattle added over 78,000 jobs in 2015.

Dallas was #1, followed by San Jose and Los Angeles.  Finding and keeping talent is a hot topic across the Puget Sound region. More than 25,000 technology jobs in the state have remained open for at least six months, according to the Washington Technology Industry.

What that says to me is that we are perfectly placed in our area to see an increase in buyers looking for that perfect home in a central location.  My team is ready to help you find that home!  If all of this activity has you wondering what your home might be worth in today’s market, I will be happy to meet with you.

Is it time to start dreaming about your next home??

~ Rosie

Seattle housing market is HOT for 2016, according to Zillow

By Rosie Rourke, posted Mar 04, 2016

Zillow has posted it’s new hottest housing markets list for 2016, and guess what?  Seattle is #2 nationwide, right behind Denver.  To make the list, Zillow uses home value appreciation, unemployment rates and income growth.Featured Home | Rosie Rourke

Based on their research, Seattle home prices will rise 5.4% this year (second only to Dallas-Fort Worth at 5.6%).  Seattle’s income is projected to rise 1.1%.

Trendy tech centers hogged the spotlight for 2015. But this year, the markets that shine brightest will be those that  manage to strike a good balance between strong income growth, low unemployment and solid home value appreciation.

Remember as well that I can always provide a more accurate value of your home than Zillow can. I am happy to let you know how to increase the value of your home as well.

Happily serving the community and answering your Real Estate needs!

~ Rosie