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Why Buying a Home Is Easier Than You Think: A Conversation with Margaret Smith
June 21, 2018 /You may have heard of Margaret Smith. She’s the Director of Operations for Pickett Street and social-media-extraordinaire. She’s also an incredibly inspiring woman who knows how to focus and go after what she wants. This week I was able to chat with Margaret about her experiences buying and renovating her duplexes and about her home-buying hacks. Margaret says that you shouldn’t hesitate to reach out to her with questions at margaret@pickettstreet.com. To get in touch with the Pickett Street team, contact them at info@pickettstreet.com or (425) 502-5397. In the meantime, here’s what Margaret had to say. On her secret to making money and paying off her mortgage: I got this idea from Cody Touchette with Caliber Home Loans. I started with Pickett Street in November 2012. I walked into a rambler Pickett Street was selling that Winter, and I started to cry. I realized that I might not ever buy a home with a partner (hardly anything to cry about, and yet I did!). I cried because I wanted to own a home, and I literally had no idea how to make it happen on my own salary. So one day before a class we were holding, Cody told me if he could…Read more
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Escape City Life with This Modern Country Dream Home
June 8, 2018 /When I checked out Pickett Street’s latest listing–a custom-built home located in Arlington–I actually gasped out loud. I beckoned my partner over to take a look. This is it, I thought. This is the country dream home. The property sits on a lush, canopied ten acres. I love the home’s rustic beauty, with those wooden beams and the enormous stone fireplace that speak of cozy mountain lodges and quiet country homes. I also love that the architecture pairs this rustic beauty with modern sleekness–luxurious bathrooms, immaculate appliances, and other shiny details. Below is more information about this listing, as well as the surrounding area. To take a look at the property, or for other real estate information, get in touch with Pickett Street at info@pickettstreet.com or (425) 502-5397. 1. The listing: This home has three bedrooms and three and a half bathrooms–each bedroom has an en-suite bath. The master bathroom has two sinks and a gorgeous jetted tub. The first floor has hardwood floors, cathedral ceilings, and floor-to-ceiling windows. My favorite detail is the large gas fireplace framed by windows looking out onto the lawn. I’m imagining a snowy winter evening spent cooking and reading curled up around this fireplace.…Read more
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Attention All Foodies: It’s Farmers Market Season!
June 1, 2018 /Occasionally my partner sweetly suggests that we buy salmon to cook for dinner, and every time he does so my inner Pacific Northwest food snob kicks in. Because I spent most of my life in the Seattle area, and because I now live in Colorado, which–just to be clear–could not be more landlocked, I always turn up my nose at eating seafood. “Are you kidding me?” I always scoff at him, sounding like a real brat. “I’m from Seattle.” With the exception of river trout, eating fish in Colorado simply cannot compare to eating fish in Washington State. Eating good salmon or oysters in the Pacific Northwest is like eating mermaid ambrosia pulled straight from the sea and plopped directly onto your plate--so fresh, briny, and rich. My summers growing up in Washington revolved around food. My parents' yard overflowed with wild raspberries and blackberries. We spent many days on the Puget Sound digging for razor clams to fry or bake or add to linguine or chowder. On more ambitious days, we lay on our bellies during low tide and shove our hands deep into the mud to catch geoducks. One summer, I remember going to the Ballard farmers market…Read more
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Experience Vs. Innovation: Three Tips For Choosing a Real Estate Agent
May 11, 2018 /I was recently chatting with an old friend when the conversation turned to real estate. I congratulated her and her fiancé on buying their first home together. “How’d you do it?” I asked. It was, after all, only seven years ago she and I were broke English teachers living in France, drinking two euro bottles of wine and eating nutella straight out of the jar on the floor of our 150-square-foot, unfurnished living quarters. Those were indeed classy times. “Honestly,” she said. “Our real estate broker saved our @** with his helpfulness.” Pardon my friend’s French there, but her enthusiasm about working with a great agent demonstrates how important it is to choosing a real estate agent who can advocate for you during the home buying process. According to the National Association of Realtors, 87% of buyers purchase their home through a real estate agent or broker, which is a significant increase from 69% in 2001. So, what should you look for in a real estate agent? Some experts say it’s important to find an older agent who has more experience, while others say you should look to younger agents for their knowledge of technology and the evolving market. Pickett…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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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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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
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Millennials and Technology: How the Housing Market is Changing
November 16, 2017 /The other day I caught myself doing a very millennial thing: I needed new winter boots, and, not surprisingly, I quickly spiraled down an obsessive rabbit hole of internet research. Before I knew it, I had roughly fifty tabs open, two hours had passed, and I still hadn’t purchased any boots. True to my millennial nature, I am extremely careful with my money, and I don’t like to own a lot of stuff. Consequently, it’s important to me that my purchases last a long time. This millennial attitude, along with Americans’ contemporary reliance on technology, is changing many things, including the housing industry. Here’s more information about recent trends in buying homes. 1. Millennials have started to buy homes. You might have noticed a pattern in headlines over the past few years: “Why Millennials Aren’t Buying Diamonds,” “Why Millennials Aren’t Buying Homes,” or, my personal favorite, “Why Millennials Are Addicted to Avocado Toast” (spoiler: because it’s delicious!). One of the main reasons millennials have been slower to buy homes than previous generations is that life is more expensive than it used to be. College tuition costs are rising more quickly than financial aid, and 83% of millennials say that student…Read more
