Real Estate as an Investment a Business or a Home...
There is no doubt
the Seattle real estate market has been in a downturn. Experienced real estate
professionals know this happens as a normal course of business, as in other
years, and other downturns, real estate as an investment will recover.
The right time to buy and sell real estate is not based on what is said in newspapers, TV, the DJI, interest rate charts, unsold homes inventory charts or any other measure; but it is based on what your individual circumstances dictate. What is good for you, has very little to do with what is good for your neighbor...when it comes to buying/selling a home or business or an investment.
I'm not a cheerleader for the real estate industry. You might be surprised when you hear from me "don't buy it or don't sell it", for I'm not a salesperson but more of a trusted adviser. I'll provide you with the guidance, knowledge, information you'll need to make an informed buying or selling decision.
I'm always a bit perplexed when I take someone out into the market place and "we" find something that looks to be a great deal within the first few days of researching the market. Because I'll tell them "yes, that is a good deal" and "no, I don't advise you to buy it". Unfortunately we have not done enough looking. I know it's a good deal because I know the market, the problem is you've just begun to educate yourself about this market and I would suggest you make a more educated decision so you are fully confidant in your decision. Utilmatly the decision is yours to make and this property will probably sell to someone else real soon because it is a good deal. But we can always wait for the next good deal, it will come around...they always do.
~Lawrence P Nitkey
http://nitkey.wordpress.com/
Mon, 07 Jun 2010 05:21:25 +0000
Larry Nitkey on Jun 06, 2010 10:21PM
What Do Real Estate Agents Know??A Lot
As an agent in my 15th year, I’m sometimes amazed at what can be learned by just putting a question out there to a couple of my colleagues. So often agents will ask each other for referrals and recommendations. Its understandable an Agent would have relatively good resources for trades people related to real estate [...]
Larry Nitkey on Feb 01, 2010 09:17PM
JUST SOLD: 4BR 3BA Sweeping View House in Seattle, WA, $900,000
http://www.windermere.com/tid278546&showBrand=0 via For Sale: 4BR/2+1BA Single Family House in Seattle, WA, $900,000. Arroyo Vista, Sweeping bluff southwestern view. Three Tree Point to Blake Island. Mt. Rainier to Olympic mountains. Almost 3500 SF. Level entry mid-century, resort like swimming pool. The enormous daylight immersed basement is entertainment oriented and has a sweeping view too, 2nd kitchen, [...]
Larry Nitkey on Oct 29, 2009 11:05AM
For Rent: 2BR/1BA Duplex in Seattle, WA, $1,040/month
For Rent: 2BR/1BA Duplex in Seattle, WA, $1,040/month.
Larry Nitkey on Sep 01, 2009 07:42PM
I quite often receive email from my Tenants (I prefer to refer to them as residents) giving me a compliment. An occasional complaint as well. However the compliments far outnumber the complaints. Today one of my residents (who likes to garden) had a request to enlarge their gardening area, to the area commonly known as [...]
Larry Nitkey on Jul 06, 2009 06:36PM
I’m not one for averages (see previous post) but they do tell us something…what that something is, is up to you to decide. This from the Seattle Puget Sound Business Journal: Monday, July 6, 2009, 11:57am PDT King County average, median home sale prices rise in June Puget Sound Business Journal (Seattle) The average home [...]
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