Immaculate Rambler on nearly 10 acres! Just thru the gated entry- a slice of private paradise. Situated atop a knoll on almost 10 acres, this 3bedroom, 2.75ba immaculate rambler beams with pride of ownership. Inside are generous spaces including an entertainment size kitchen w/eating space, a separate dining room, living room and family room each with cozy gas fireplace. Attached 3 car garage AND detached 3bay shop/RV/Boat parking. Covered back aggregate patio for “any season” bbq’ing. Standby 13KW *natural gas* generator means you’ll always have power!

List Price: $750,000 <–HUGE price drop!!!

MLS#: 4913

Address: 12711 238th St SE, Snohomish, WA 98296

Bedrooms: 3

Bathrooms: 2.75

Square Feet: 2750

Price/Sq. Ft: $345.45

Year Built: 1996

Taxes: $7,289 (2009 Tax Year)

Heat Source/Type: Gas / Forced Air; 2 Fireplaces / Gas

School District: Monroe
High-Resolution Slideshow

Call Lisa Bender at 425-770-4438 or Jesse Moore at 425.876.0766 or Dennis Pearce at 206.931.9945 for more information.

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Here in Washington state, we are accustomed to paying an excise/state sales tax when we purchase goods. Interestingly enough, when it comes to the most significant acquisition most of us will make, the seller, rather than the purchaser, covers the taxes.

Currently, the base Washington state excise tax rate is 1.28%, with each county adding on their own percentage for a total that fluctuates somewhat by area. Snohomish and King County excise taxes (in most areas) are at a .50 rate,  bringing the grand total to 1.78% of the purchase price.

An obvious question if you’re a distressed home seller would be, “who exactly pays this tax in the event of a short sale?”  In most cases, the burden falls to the bank that is carrying the mortgage to ‘eat’ that cost, along with the other costs associated with selling a home.

For a brief time at the beginning of 2009, some sellers were required to pay excise tax on the amount of the shortage (the difference between what they owed, and what they were able to sell their property for in a declining market). Sellers in this category may now be eligible for a refund of excise taxes. Use the following link to download the required excise tax refund application form.

Should you have detailed questions about Real Estate Excise Tax (aka REET) or short sales, we will happily refer you to a CPA and/or attorney who can further assist you. Give us a ring, or send us an email for a referral list to professionals who specialize in these issues.

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Ground Floor 3bed/2ba Condo w/backyard Oasis
Rare ground floor 3bed/2ba condo with private backyard oasis. Freshly painted interior. The ‘u’ shaped kitchen has plenty of cabinets, new stainless steel appliances and is adjacent to the dining area. Great floor plan w/master separate from the other 2 bedrooms. Entertain outside on the freshly painted patio/deck. Nice grassy lawn (fully fenced) and mature landscaping for summer privacy. 1 car covered carport. Near busline and Silver Lake. You don’t want to miss your chance to own this gem!1-year home warranty included.

List Price: $190,000
MLS#: 29084822
Address: 11201 3rd Ave SE, #C3, Everett 98208
Bedrooms: 3
Bathrooms: 2
Square Feet: 1145
$/Square Ft: $165.94
Lot Size: Condo
Year Built: 1983
Taxes: $1596 (2009 tax year)
School District: Mukilteo

Call Lisa Bender 425.770.4438, Jesse Moore 425.876.0766, or Dennis Pearce at 206.931.9945 for more information.

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duplextogether

Great Investment!Incredible value! Townhome style duplex on quiet street w/serene setting in Lowell. Newer indvidual decks overlook greenbelt w/peek-a-boo mtn view. Each unit has 2bed/1.5ba and 1 car gar PLUS lots more parking (RV parking). Unit B has new flooring thru-out, new bathroom up, new light fixtures in main living area & both bathrooms. Each kitchen has eating area and slider access to deck. W/D located inside each unit. Rents are $950 & $975.

List Price: $315,000
MLS#: 29044345
Address: 2118 49th St SE, Everett WA 98203
Bedrooms: 2 in each unit
Bathrooms: 1.5 in each unit
Square Feet: 1752
Price/Sq. Ft: $185.50
Year Built: 1976
Taxes: $2,953 (2008 Tax Year)
Heat Source/Type: Electric Baseboard
School District: Everett

Call Lisa Bender at 425-770-4438 or Jesse Moore at 425.876.0766 or Dennis Pearce at 206.931.9945 for more information.

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pankofish

After an intense (and fun) Pickett Street Properties retreat, I needed a bit of mind-numbing TV. In my search for something to watch, I came across the Food Network show called “Food Detectives.” It’s a show that does experiments with food—sort of an Alton Brown meets MythBusters.

On the night of my respite, they did an experiment on food and how it tastes based on presentation and flowery descriptions. Two groups of diners were told they were going to be reviewing a new restaurant and after their meal they were given a survey to fill out.

The first set of diners’ menus said they would be having “Green Salad, Fish, Green Beans, Potatoes and Chocolate Cake.” They were sat at tables with plastic table cloths, served New Jersey red wine in plastic cups, and their meals were presented on rather dated plates.

The second set had “Crisp Mescluin Seasonal Greens, Succulent Panko encrusted St Peter’s Fish, Hericot Vert, Potatoes au Gratin and Belgium Double Chocolate Cake.” They were sat at tables lit by candelight and adorned with linen table cloths. They were served a red wine from Nappa valley and the meal was presented on a classic plate.

Did I mention that the food itself was from a warehouse store and aside from the presentation, the food was the same?

The hypothesis is that people will be biased based on expectations and will seek to verify their expectations. In other words, if you think it’s going to be crispy or succulent, you will look for that. While I anticipated the results would show the better presented food would be the “winner,” I was surprised at the  difference in perception.

Plain Jane customers rated the food on average at 3.5 (out of 10) and would pay an average of about $10 for the meal. Some of the people were interviewed on camera and the comments were very critical. One person even said that they couldn’t finish their meal.

The second group with the better fancier menu names and nicer presentations rated the food an average of an 8 and would pay $38 – nearly four times as much as the first group!! One of the interviewee’s said that the fish reminded her of her childhood and it brought back lots of fond memories of eating dinner with her mother. Same frozen fish – many very different opinions.

The same is true in real estate. A home sparingly adorned will be thought of simply and sell for less money – the same home, once staged by a professional, can change the entire experience for a potential buyer. The results from Food Detectives reinforce the Pickett Street Team’s belief that a home should be professionally photographed, staged and promoted with excellent marketing copy.

Successful marketing is no more than managing perception. Choosing a real estate agent that understands this can mean the difference between a frozen fish and a memory of mom. Perception is a powerful thing – if Food Detectives is any indication, it might be more powerful than reality itself.

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Designed to Sell

If you’re planning to sell, you better sit down in front of your TV.

I’ve been selling real estate for over 8 years now, and I have encountered many different, shall we say, less than appealing homes. I have had sellers tell me “Oh, I’ll just give the buyer a carpet allowance, they probably won’t like the color I pick anyway.” That same reasoning has also applied to the removal of paint colors that are very specific to the seller’s taste. There are also the awkward conversations about pet odors, kitchen odors or lingering cigarette smoke.

Naturally, when you live in a home, you get used to how things are. You probably have a few projects that “you’ll get to” later- also known as ‘Round-to-it’s’. Those little coffee spots on the carpet add “character”. The huge display case of a collection that has been growing for the last decade is a source of pride and the hallway of family photos makes you feel warm and fuzzy. Ahhh, if only a buyer felt the same way about things.

Unfortunately, the buyer may not appreciate the lilac wall with the purple sponge painting technique. The wall of mirrors with the gold mottling might not be their taste. Brass and glass light fixtures beckon to decades of the past- yes, those lights might be “perfectly functional” and in “good condition”, but for a fairly small investment, you can go to Lowes or Home Depot to the close-out department in the lighting section and get a whole new look for your room for around $100.

What about the theory that you can “offer a carpet allowance”? Personally, I think that unless you REALLY can’t afford new carpet, you can’t afford NOT to put new carpet in. You don’t have to go overboard- just get a nice, neutral color in builder grade. I have shown a LOT of homes to buyers and let me tell you- I have never EVER had a buyer say “Like the brand new carpet, hate the color.” Really, I haven’t heard that. I definitely have heard “oooh, new carpet!” I have also heard the less charming, “ewwww, what’s that on the carpet?!”

FYI-white walls are cold and uninviting. The current trend for neutral wall colors is to either add a colored tint to white, or the somewhat bolder approach of using the wheat and grey tones for a touch more pizzaz. If you need ideas for the latest home color trends (including appealing neutrals) go check out a model home or two, or even a walk down the paint aisle at your neighborhood home improvement store.

This brings me back to your required TV viewing. An absolute “must see” if you plan to sell is Designed to Sell on HGTV (weeknights at 8pm) or check out the HGTV website and see *full episodes* of Designed to Sell. Try to pick a show the looks a bit like your home, pop some popcorn and watch an episode..or two… or three. The great thing about this show is that it is completed on a relatively small budget, in a short period of time, with truly amazing results.

Better than watching the show, hire one of the Pickett Street Property team members to list your home and we’ll provide a Professional Stager whose staging consultation is tailored specifically to your home and budget. If you’re serious about selling, you can’t afford to waste time and money on guesswork.

The corollary to that is: if you’re not prepared to get serious about selling, you will likely be on the market a seriously long time!

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