Posts Categorized: Featured

Staging… Yes or No?

home staging ideas

 

Why we recommend home staging even in a hot market!

We get this question A LOT, especially right now. If the market is so hot, do I really need to stage my home? The answer is yes, but it depends.

A vacant home needs to be staged, period. A 2020 report from RESA found that 85% of staged homes sold for 5-23% more than a non-staged home. For a little investment it can yield a HUGE return! We work with some of the best stagers in the area, and buyers have commented that our listings show the best because of it!

Staged homes also sell faster and they are easier to market to the masses via social media... no one wants to see vacant room on their newsfeed, lol! According to Forbes a staged home will sell 87% faster than a non-staged home. Why does this matter? A faster home sale will put more money in your pocket. If a home doesn't sell after the first week in this market, a price reduction will be recommended to keep the house from getting lost online. Any money invested in staging is well worth it!

But what if you live there, should you still stage it? It really depends, but in most cases a bit of re-staging and styling will do the trick! Joanne on our team has a background in design and loves helping our clients declutter and use existing pieces you already have to re-stage the home. We can also bring in smaller accent pieces, pillows, place settings, etc to spruce the place up before listing!

Putting your home's best foot forward involves a lot of work from our team, but in the end it is worth it for our clients! More money, a faster closing date, and a stress-free listing experience... and staging is just one part of our secret sauce! Learn more about our top 1% team and what selling your home can look like here: www.rosierourke.com/selling

Spring Market

 

Is there a shift in the market? 

Here is Rosie Rourke's spring real estate market update! With the volume we do we tend to see changes and shifts on the horizon sooner than most agents, and the media is usually 6 months behind in their reporting! 

Whether you are thinking of buying, selling or you are just curious about what your house is worth in this market, please reach out! We are all about relationships and everything starts with a conversation, no pressure! 

Red Day May 13th!

keller williams and rosie rourke team red day

Join us on May 13th!

What is Red Day from Keller Williams and the Rosie Rourke Real Estate Team?

Making a difference in the lives of others and bettering the communities that we serve lies at the heart of the Keller Williams culture. This observance defines who we are and is a natural extension of our commitment to the highest level of professional customer service. Over time, a growing number of our family members and friends continue to participate in this extraordinary event. It embodies the generous spirit and commitment associates have to “giving back” to the cities and towns they live and work in.

Your local Red Day brought to you by The Rosie Rourke Team, Keller Williams Mountains to Sounds Office & other local sponsors!

May 13th 3-7pm at the Kent YMCA we will be taking food donations for NW Harvest, collecting donated bikes for Bicycle Rescue Youth and monetary donations for local charities! Enjoy our contactless drive up donation station, food trucks and a coffee cart too!

Questions? Contact us at rosie@rosierourke.com

We Won Best of Renton!

best real estate in Renton

 

We won best real estate agent in Renton AGAIN!!!

I am so proud of my team, all of our hard work and a client focused business model pays off again... we won best real realtor in Renton for 2020-21! 

We also need to say a HUGE heartfelt thank you to the Renton and Fairwood communities for voting for us, we really appreciate it! 

Listcation

Rosie Rourke Listcation

 

We want to send you on a LISTCATION in 2021!

FREE HOTEL STAY & RESTAURANT GIFT CARD - OPENING WEEKEND OF YOUR LISTING!

 

During this historic 2021 real estate market, we want to send you on a "Listcation" during the weekend your home is listed for sale!

Hotel Interurban Tukwila Listcation

We will put you up for 2 nights at the locally operated, brand new Hotel Interurban in Tukwila! Or yo can opt for a $200 Visa Gift Card to stay where you want! 

outdoor dining near me in renton

We will also include a $100 gift certificate to the famous Whistle Stop Ale House, Renton's Neighborhood Family Pub! The food is great, the atmosphere is fun and they have an amazing indoor-outdoor dining experience set up!

You don't have to stress about showings at your home or being displaced. Just sit back, relax, let us be your person... and sell your home, of course!

rosie rourke listcation

“First of all, we loved our Listcation!! I’m not sure where we would have gone since we had showings all day Saturday and Sunday. The hotel was very accommodating for early check-in & a later check out! Their hot breakfast was much appreciated, as well!” – The Starks - Woodside in Fairwood

What's the catch?

Nothing really, just list your home with the Rosie Rourke Team in 2021, that's it!

👉 Just submit the contact form below! Rosie, Melissa or Liz will reach out to you and set up your free home pricing evaluation to get the ball rolling!

Rosie Rourke Melissa Hudson real estate agents

OR... you can contact us directly at 📲 206.719.5870 or 💻 rosie@rosierourke.com

Live Local, Shop Small

best places to shop local near me
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The outpour of support for our small businesses has been overwhelming! Here is a list of the small businesses that were recommended by all of you!

Rosie Rourke Day!

Rosie Rourke Day in King County

 

Rosie Rourke just received this Proclamation from King County Council Member Reagan Dunn that October 31st is officially Rosie Rourke Day in King County!!! WHAT!?

We are so honored and blessed to receive this, thank you!!!

If you fee like working with a realtor that has their OWN DAY named after them give us a ring, LOL!

    Believe in Real Estate

    Should I buy a house during COVID19

     

    During a recent team meeting some of my agents who work with our buyer clients said they are hearing rumors about a real estate bubble bursting, just like in 2007 and 2008. Their clients were asking about it and if they should wait to buy. Yes, prices are rising and at times it may feel like a bubble that is about to burst, but you need to look at all angles before making that judgment. Real estate is a great investment. Renting is essentially throwing your money away and paying for the landlord’s mortgage. There is risk with any investment and research is key. I decided to write this blog to show you what I am seeing in the market place as well my own real estate investing experience, you can be the judge for yourself 🙂

    I decided to do some research on one of my own properties that I own to give you a concrete example why you should always believe in real estate as a great long term investment. I own a rental home on the West Hill in Auburn. It is an average split level home built in 1983, 4 bedrooms, 2.5 bathrooms and 2500 square feet.

    I bought it in 2001 for the price of $220,000

    2006: $320,000 – height of market before the fall of major recession

    2008: $275,000 – the recession

    2020: $475,000 – current value as of the fall

    is there another housing bubble

    You can see how the market fluctuates over the years, but real estate in the long run will always be a good investment, especially around Seattle. Here is a part of a great article I read from Realtor.com last August, it explains why we aren’t seeing another housing bubble like we did in 2007/2008, even during a pandemic.

    Why won't we see another Great Recession-era housing bubble?

    Published by Realtor.com – August 2020

    The sky-high prices of 2020 are being driven by an influx of buyers bidding up prices on a historically low number of homes on the market. Until more properties come online, that dynamic is unlikely to change.

    The Great Recession had the opposite problem: There were many more homes available than qualified buyers.

    In the aftermath of the housing bust, it's become harder for buyers without good jobs and strong credit to score mortgages. This weeds out riskier borrowers. And unlike the last go-around, when builders were erecting residences at what seemed like a break-neck pace, the under-building of the last few years has exacerbated the housing shortage.

    Even if the economy doesn't improve by next year and a vast swath of Americans remain unemployed, we are not likely to see the flood of foreclosures that characterized the housing crash, partly because government protections could be extended.

    "It doesn't feel at all like last time, when the market was getting all pumped up by easy mortgage credit," says Mark Zandi, chief economist of Moody's Analytics.

    The housing bubble burst in 2007/2008 was driven by too much supply and not enough demand. We have the opposite problem right now. If you include low interest rates into the mix, it will continue to be a healthy market.  

    I also found this recent article that I thought was interesting especially in the post 2020 election era.

    Is Seattle a good investment these days with all the turmoil?

    Published by Norada Real Estate Investments – October 4th, 2020

    Seattle has long been a second-tier technology hub, bolstered by companies like Boeing, Amazon, F5, and Real Networks. Seattle’s strong tech ecosystem has led to a number of startups choosing to start here, but more importantly, many tech giants are setting up “outposts” here. They’re moving jobs to Seattle so they can afford to expand or simply afford to remain in business. The influx of new high paying jobs plus relocating employees to Seattle is driving demand for homes in Seattle.

    Over the past 10 years, Amazon has grown more than tenfold in the city of Seattle, from about 4,000 employees in its hometown to over 45,000. During the same time, the median home price in the city has shot up from $420,000 to $720,000 (according to the Northwest MLS) and home prices in the metro area as a whole have gone up 47 percent. Between 2008 and 2018, over 535,000 homes have sold in the entire Seattle metro area. For comparison, that’s 41 percent more than in the similarly-sized San Diego metro area.

    Much of this growth in the local housing market can likely be attributed to growth at Amazon. The Seattle real estate market shares many of the constraints that drove up real estate prices in San Francisco. You can’t realistically build on water. It is hard to build in the mountains. You can build up, but that takes time and is expensive. And all the while, everyone wants to live close to the city center and jobs. This helps keep property values in the Seattle housing market high.

    The areas around Seattle and the Eastside like Renton, Kent, Fairwood & Maple Valley in the south and Bothel, Kenmore, Woodenville & Lynwood in the north have seen an influx of new buyers. These suburbs are more affordable and when you can work remotely, you can live anywhere!

    Ok, none of us have a crystal ball here, but I have firsthand experience of not only being in the real estate business for 25 years, but I am also a homeowner and investor who lived through the last recession and housing bubble. The prices will continue to rise in our area, most industry experts agree on this. Now is a great time to buy with low interest rates, in many cases you can own a home for what you are currently paying in rent! Contact our team and let’s talk numbers, we want to be your guide to homeownership in 2020 and beyond!

    North Renton Home For Sale

    Affordable, Walkable City Living in North Renton! 

    Historic & Walkable North Renton + Farmhouse Style & Rustic Charm! Welcome home to North Renton & this charming 3 bedroom/1 bathroom home. This historic, fully updated home welcomes you with an adorable covered front porch & fully-fenced yard. The cozy living room opens to large dining area. The updated kitchen has stainless steel appliances, concrete counters, whitewashed brick, wine cooler & shiplap ceilings throughout. It also includes an oversized utility/sunroom/mudroom that flows into a large, fully-fenced back yard with a detached garage that provides extra storage & tool shed. RV/boat parking with no HOA. Walkable location to Downtown Renton, The Renton Landing, and easy access to freeways! This home is stupide cute and move-in ready + includes a home warranty! Check out more photos, learn more about the listing, take a 3D tour & schedule a contactless showing before it's gone here: https://bit.ly/3lPIGfE

    Dual Agent Vs. Team

    real estate team near me

     

    Team vs. Dual Agent

    Clients often ask us, “why did form a team instead of just doing everything yourself?” In the beginning of Rosie’s 25 year career she did it all! She chose to form a team for several reasons such as being able to help more people, growing the business, streamlining the process and also ethical representation for her clients on both the buying and selling sides. In this blog we are going to focus on the latter…

    What is a dual agent?

    A dual agent is when a real estate agent works with the buyer and the seller on the same transaction simultaneously. Here’s a common scenario when dual agency may occur:

    A real estate agent is hired to sell the home of a client named Mary. That real estate agent has a second client, named Rob, who is in the market to buy a home. Rob tours Mary’s home and decides he wants to purchase the home. Because both Rob and Mary are clients of the same real estate agent, the transaction is considered an example of dual agency.

    Sounds pretty cut and dry, right? WRONG! It can muddy the waters because it creates a huge Conflict of Interest. When a real estate agent represents a seller, they are supposed to obtain the highest possible price for their seller with the least amount of contingencies. Similarly, when an agent represents a buyer, they are supposed to help them get the lowest possible price while making them feel comfortable with the condition of the home, usually through an inspection. However, if the same agent is representing both the buyer and the seller, getting the client the best price becomes extremely difficult. If the real estate agent is selling a home that is overpriced, they cannot disclose that to the buyer because they are going against their loyalty to their seller. However, they are also doing a disservice to their buyer because they are knowingly selling an overpriced home and are unable to advise the buyer against purchasing it out of loyalty to the seller. Without realizing it, the agent may also favor one side of the party a bit more than the other, depending on how long the real estate agent has known the buyer/seller, personal relationships, etc. This may be completely unintentional but can happen without the real estate agent realizing it. 

    A dual agent is more likely to overlook important details as well!  Being a dual agent is extremely stressful and puts the real estate agent in a precarious situation. Managing both a buyer and a seller on the same transaction simultaneously may lead the real estate agent to mix up certain documents or miss important information altogether without meaning to do so. They also have the inability to negotiate price or inspection issues. In dual agency, the real estate agent is working in the best interests of both the buyer and the seller, making negotiations tricky. In a standard transaction scenario where a buyer’s agent and seller’s agent are both involved, the seller’s agent will advocate on the seller’s behalf to ensure the seller does not have to pay excessive repair costs if an inspection report comes back with several issues. The buyer’s agent will do the same for their buyer, negotiating that the repairs are taken care of or the buyer is credited in some way for excessive repair costs. However, this is difficult to do as a dual agent because the real estate agent’s interest is divided equally between the buyer and seller.  

    For the reasons outlined above, this is why we formed a team.  An ethically-minded real estate agent always puts their clients’ needs first, even if that means giving up a larger commission. We have buyer’s agents who work exclusively with our buyers and seller’s agents who work exclusively with our sellers. As listing agent Melissa Hudson always says, “it’s like church and state”, meaning we as a team keep everything separate to protect the clients. This is the way we have chosen to do business and it must be working, we are the top real estate team in the King County area and top 1% nationwide! It pays to put your clients first!