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Three Things to Know About the New Mayor of Everett and Its Plans for Growth
April 27, 2018 /Last fall, Everett elected its first female mayor. Cassie Franklin, who grew up in the Northwest and received her bachelor’s degree at Lewis and Clark College, beat candidate Judy Tuohy by just 198 votes. Here's some more information about this new leader in the Seattle area. 1. Franklin aims to tackle homelessness and has extensive experience with this issue. Before becoming mayor, Franklin was the CEO of Cocoon House, which is a nonprofit organization dedicated to helping homeless and at-risk youth through outreach and housing options. Under her leadership, this organization grew into a regional leader. Franklin now hopes to use her experience working with Cocoon House to improve Everett’s homeless community. Franklin promises to expand the city’s Safe Streets program, which connects homeless individuals with access to treatment for addiction and mental illness, employment opportunities, supportive housing, and other services. 2. Everett is ready to explode, and Franklin wants to help. Everett’s economic resources are obvious: one of Boeing’s major facilities is located here, and the city is also home to the Port of Everett, Naval Station Everett, Providence Regional Medical Center, successful schools, Everett Community College and, WSU Everett. As Franklin commented, “Everett is poised for prosperity.” However, the…Read more
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Three Common Fears Dispelled: Pickett Street’s Class for First Time Home Buyers
April 20, 2018 /This week, the Pickett Street crew held a class to ease fears and inform and encourage first time home buyers. The class opened with an anecdote from Hurricane Katrina: when many displaced residents were asked what, besides “love,” the most important four letter word is, almost all of them answered “home.” It makes sense that so many people find this word to be so powerful. In a world that can be pretty difficult sometimes, we should always feel secure in our homes. There is nothing like the feeling of returning after a long day to a space that feels peaceful, safe, and uniquely yours. Still, buying a home can also be a source of anxiety. This is where Pickett Street comes in– their home buyers class focuses on helping you feel less like “buying a home is something I could never do,” and more like “Yes! I’m ready!” I love it when uncertainty is replaced with confidence, clarity, and excitement. If you couldn’t make the class this time, not to worry. Pickett Street is making their first-time home buyers class a recurring event. Next one will be Monday, May 14th at 6-7:30pm. RSVP and claim your FREE ticket here! Also,…Read more
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Seattle Real Estate Update: What to Expect in Spring 2018
March 22, 2018 /I took a walk around my Denver neighborhood last weekend and–in addition to Colorado’s usual bizarre spring weather of sunshine plus wind and snow–noticed several open houses and even more for-sale signs posted in front yards. The spring buying season is here. As we enter this season, here’s the latest Seattle real estate and mortgage news. 1. Mortgage rates decreased. After increasing throughout January and February, long-term mortgage rates recently slipped from 4.46 percent to 4.44 percent. (This time last year, the long-term mortgage rate was slightly lower at 4.3 percent.) Fixed-rate mortgages also recently decreased from 3.94 to 3.9 percent. These decreases are good news for those buying or selling homes right now; lower mortgage rates tend to motivate individuals who are on the fence to finally buy. 2. Interest on home loans is still partially deductible. Many homeowners have had questions about how the 2017 Tax Cuts and Jobs Act would affect their ability to deduct interest from home equity loans and lines of credit. (Check out our blog post from earlier this year for more about how the Tax Cuts and Jobs Act will affect you). Responding to these questions from homeowners, the IRS recently issued a…Read more
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Kenmore’s Moorlands Neighborhood: Country Living With Modern Conveniences
March 9, 2018 /This week, I get to talk about one of my favorite things to write about for Pickett Street: listings for new homes. I love interior design, and I find it very exciting to imagine the family or individual who gets to call each new listing their home. And this newly listed 4-bedroom, 2.5-bath, 2,200-square-foot Moorlands home is particularly lovely. With hardwood floors, an open floor plan, a spacious kitchen, a gas fireplace, and a master bedroom with a big walk-in closet, double sinks, and a soaking tub, the home’s features radiate comfort and peaceful living. Other perks include a large deck, a fully fenced backyard, and a highly convenient location. Kenmore’s Moorlands neighborhood sits between Inglemoor and Inglewood. Tucked away in the northeastern corner of Lake Washington, Kenmore was founded in 1901 by Scottish settlers, which perhaps explains the origins of the neighborhood name. While it doesn’t exactly have foggy moors or Scottish castles, the city is home to excellent schools in the Northshore school district, beautiful parks, and a generally safe, peaceful atmosphere. Here’s some more information about the listing and the area. (Make sure to also check out our neighborhood profile on Kenmore.) Neighborhood Vibe In 2018, Kenmore…Read more
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Three Reasons To Fall in Love with Real Estate
February 15, 2018 /While we’re celebrating love this week–whether that’s enjoying a candlelit dinner with your partner, grabbing pizza with friends, or snuggling up on the couch with Netflix and takeout–let’s talk about other forms of love. Namely, let’s discuss love for investing in real estate. In my time working as a writer for Pickett Street, I’ve witnessed and felt inspired by how much everyone on their team truly loves working in the real estate world. I’ve also learned that there is something magical about investing in real estate. This is not to say that this investment doesn’t have its challenges–like all things worth loving, it does–but to say that it’s an incredibly rewarding lifelong practice. If you’re already thinking, “Yes! I’m in love! Sign me up!”, then get in touch with Pickett Street ((425) 502-5397) or info@pickettstreet.com) to buy or sell a home in the Seattle area. If you need more convincing, here are three reasons to love real estate. 1. Owning property generates income. Forbes notes that one of real estate’s main benefits is that it allows you to generate significant income without having to sell your investment. While stocks and bonds both yield about 2%, real estate allows you to…Read more
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What to Know About the 2017 Tax Cuts and Jobs Act
February 9, 2018 /Recent changes stemming from the Tax Cuts and Jobs Act may feel, as taxes sometimes do, a bit confusing. Luckily, Pickett Street and their preferred mortgage lender Cody Touchette of Caliber Home Loans are here with the breakdown of how recent tax changes will affect you. Keep in mind that most of these changes will not affect you until it's time to file 2018 taxes (the taxes you will file in 2019). For more information about the Tax Cuts and Jobs Act, Cody recommends this helpful link. 1. Standard deduction. According to the Washington Post, the new tax law increases the standard deduction to $12,000 for single filers and $24,000 for joint filers. This means that, for many homeowners, it will no longer make sense to itemize deductions. Zillow broke it down for the Washington D.C. area: under the old tax law, it made sense for 98 percent of homeowners to itemize, while under the new law, it only makes sense for 64 percent of homeowners to itemize. 2. Mortgage interest deductions. If you bought your home on or after December 15th, 2017, then you can claim a maximum interest of $750,000 for each secured primary residence. If you bought your home before December 15th,…Read more
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Hi, I’m Ansley, And I’m a First-Time Home Buyer
January 26, 2018 /I’ve been writing for the awesome Pickett Street Properties Team for nearly a year now, and it seems I’m overdue for a personal introduction. Hello! My name is Ansley. I’m a teacher and a writer. I'm also a first-time home buyer. I spent most of my life in the Seattle area before moving to Colorado for graduate school. While I fell hard for Colorado’s snowy mountains, sunshine, and blue skies (seriously--you haven’t seen the sky until you’ve experienced it out here!) it’s my dream to move back to the Seattle area. I’m good at drinking a lot of coffee while watching the Great British Baking Show and reading New York Times articles in bed. I’m also good at whining at my partner to bring me things like socks and chocolate and more coffee so that I don’t have to get out of bed. I’m lucky that I have the most patient partner in the world. I love running and hiking in the mountains with my deaf puppy. I love learning and writing about the world in all its complexities. And now, a personal anecdote. A few weeks ago, my partner and I received the catering contract for our upcoming June…Read more
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Seattle Real Estate Update: What to Expect from 2018
January 15, 2018 /As you let go of 2017, look forward to 2018, and reassess your life and goals, you may wonder what’s in store for the Seattle real estate market over the next year. 2017 was an exciting and wild year; Seattle was named the hottest real estate market in the country and home prices rose 13.4 percent, which is more than twice the national average rate of 5.9% for home price growth. So, if you are looking to buy or sell a home in the greater Seattle area, what can you expect from the market over the next year? First, you should find a great agent who can help you. Second, check out these predictions for the coming year. 1. Lower mortgage rates will make it easier to buy a home. Long-term mortgage rates recently fell from 3.99% to 3.95% (a year ago the averages rates were 4.20%). The average rate for 15-year fixed-rate mortgages also recently fell from 3.44% to 3.38%. According to the Seattle times, these relatively low rates can help homebuyers offset the rising costs of real estate and make it easier to afford a home. 2. Seattle, in case you haven’t heard, is very cool. According to…Read more
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Five New Year’s Resolutions for Your Home
January 5, 2018 /I love that each year New Year’s Day and the month of January bring transformation, renewal, and possibility. As everyone returns to work after the holiday bustle and the weather in Seattle remains chilly and gray, the world feels quiet and peaceful. While we tend to focus on New Year resolutions that have to do with career, health, happiness, etc, we often overlook resolutions for one of the most important spaces in our lives–our homes. Setting and achieving goals for your home can significantly improve your finances and your general wellbeing (for more about the connections between architectural spaces and mood, check out this fascinating article). Here are a few of our favorite New Year’s resolutions for your home in 2018. 1. Create a budget for home improvements. Because it’s easy to rack up credit card charges when working on home improvement projects, this is the best place to start. Create a list of projects in order of priority. Be sure to devise a home improvement budget each year–HouseLogic suggests that the owner of a $250,000 home set aside $2,500 to $7,500 per year for maintenance and repairs. 2. Cut your energy use. Energy Star has an informative guide to…Read more
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How to Take the Leap and Invest: A Conversation with Cody Touchette
December 7, 2017 /While investing in real estate is one of the best ways to build wealth, getting started can often feel intimidating. However, this exciting process is much more accessible than you think. In fact, one of my favorite parts about writing for Pickett Street has been learning from their wonderful team and realizing that investing in real estate is not just for experts in real estate and finance. I was recently able to talk with Cody Touchette, who is a mortgage planner with Caliber Home Loans and provides clients with expert guidance during their home financing processes. Here’s what he had to say. 1. Why is investing in real estate a worthwhile endeavor? According to Cody, there are four main benefits to real estate as an investment: cash flow, appreciation, leverage, and tax benefits. First, investing in real estate through buying your own home, purchasing a property to rent to others, or other options, is a great way to receive immediate cash flow that can help you purchase more property. Second, regarding appreciation, Cody reminded me that real estate has always increased in value over time, if you look at a long period or time. While the market experiences normal ups and downs, appreciation on real…Read more
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Pickett Street Properties Gives Gratitude for 2017
November 21, 2017 /My favorite part about Thanksgiving is the chaos: family members bickering while on hour three of Settlers of Catan, something burning in the oven, the dog stealing turkey off the counter, a holiday song sung terribly out-of-tune. These sweet, funny moments of imperfection are, I believe, life in its purest form. They remind me of all the people, relationships, and tiny moments for which I feel grateful. So, in the spirit of the season, let’s talk about gratitude. Multiple scientific studies have shown that gratitude improves sleep, psychological health, and physical health. Basically, gratitude is one of the keys to a happy life. I recently interviewed the Pickett Street team to find out what they’re grateful for this year. I’ll start. I’m grateful for my partner, who makes me coffee and brings it to me every single morning (seriously, what a hero!), for my healthy body that lets me do yoga and climb mountains, for my undergraduate students, who are funny and inspiring and give me hope in the world, for the great companies with which I work (such as Pickett Street!), and for my sweet dopey pitbull puppy. Here’s what the team at Pickett Street had to say. Christi Samaniego, Listing Coordinator…Read more
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Green Lake: Neighborhood Profile
November 16, 2017 /The Green Lake neighborhood is nestled in the heart of north Seattle, surrounded by the Fremont, Ballard, Wallingford, Ravenna, and Greenwood neighborhoods. I have fond memories of spending long afternoons at Green Lake as a child, feeding the ducks and playing in the mud with my brothers (i.e. throwing mud at my brothers). Afterward, we would always pop into one of the many nearby coffee shops where my parents would buy us flavored steamed milk so my brothers and I could pretend that we, too--even at the tender ages of ten, eight, and four--were sophisticated, coffee-guzzling Seattle-ites. That was back in the nineties, and today, Green Lake is more bustling and hip than ever before. Here are the details on one of Seattle’s most beloved neighborhoods. Real Estate Stats According to Niche, the median home value in Green Lake is $581,057, and the median rent is $1,418. This neighborhood is great for single individuals, couples, and families. Many homes in Green Lake fall under the architectural category of the classic Seattle Box or Four Square home, which features two stories, an inset front porch, and a simple yet chic geometric form. If you’re interested in buying or selling a home…Read more
