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Posts made in May, 2016

  • Pickett Street Properties: Named as One of the Best Places to Work in 2016!

    May 26, 2016 /
    Pickett Street Properties Team /

    Bothell, WA—May 26, 2016—The Business Intelligence Group today announced that it has awarded Pickett Street Properties a Best Places to Work in their inaugural business award contest. The organization sought to identify companies that are actively working to improve their own performance through efforts to challenge employees in environments that makes work fun and engaging. “We firmly believe in creating a work environment where team members have autonomy and are challenged to be experts in their area of real estate.” said Jesse D. Moore. “If we hire intelligent, self-motivated and driven individuals, why not create an environment where they never want or have to leave?” Researchers, including Gallup, have determined that employee satisfaction and engagement are key indicators for employee productivity and customer satisfaction, which ultimately results in improved profitability and growth. “Congratulations to the entire team for making employees satisfaction and performance a priority at Pickett Street Properties,” said Russ Fordyce, managing director of the Business Intelligence Group. “Employees have voted and provided clear evidence that this is a special company, one where executive leadership and management focuses on making work more than…just work!” Nominations for the Best Places to Work award were submitted to the Business Intelligence Group…Read more

  • The Pros and Cons of a Pre-Inspection

    May 20, 2016 /
    Pickett Street Properties Team /

    These days, Seattle’s real estate market is on a hot streak. A low inventory combined with a robust and growing job market is driving the region’s demand for real estate sky-high. With an outlook like this, it’s a phenomenal time to be a seller, but, if you’re a buyer, it’s easy to be tempted to rush through a sale and squeeze in an offer immediately. Of course the market demand necessitates a certain level of swiftness, but it’s worth considering the pros and cons of a pre-inspection to ensure you’re getting the right house for the right price. What is a pre-inspection? A pre-inspection is exactly what it sounds like: an inspection undertaken prior to making an offer that aims to uncover any potential defects. The process has the same scope of a standard home inspection, and buyers who move forward with a pre-inspection can choose to waive the inspection contingency, a negotiated agreement allowing the buyer to inspect the home shortly after closing a deal. Pros Obviously, the main benefit of completing a pre-inspection is that it uncovers any potential problems. In a worst-case scenario, you might discover a hidden catastrophe and avoid buying a house with significant defects.…Read more

  • Living in Washington State: Rain

    May 13, 2016 /
    Pickett Street Properties Team /

    Back in high school, I had a peculiar winter routine: each morning, I woke up at 6 am (also known in layman's terms as Utter Darkness O’clock), tried to remember where I mislaid my socks, ate a piece of blackened toast in the kitchen, and then spent about half an hour trying to break into my own car. The problem, you see, with my car (which, it’s worth mentioning, was a ‘99 Geo Metro whose engine seemed inclined to explode once every six months) was that its doors’ wizened and decrepit locks froze overnight during the winter. As such, I spent each morning from the end of November to the end of February jamming my keys with Neolithic stupidity into the lock on the driver’s side door. Usually, I had to resort to prying open a rear passenger door (often with an unused coat hanger) and then, through a backbreaking series of acrobatics and advanced yoga poses, crawl into the front seat. Thankfully, I lived in the woods, and so was spared the embarrassment of performing this ritual in front of neighbors. I mention this elaborate routine because it was always accompanied by a lavishly icy rain. Indeed, it was…Read more

  • Did you know that in the 80’s the mortgage rate was 16.6% at one time?

    May 4, 2016 /
    Pickett Street Properties Team /

    On Wednesday, the Fed voted to maintain the current rate of interest but did signify the possibility of rate hikes later in the year. As such, the federal funds rate will remain in the current range of 0.25-0.5%. In its press release, the Fed indicated a sense of optimism in regards to the presence of improvement in both household incomes and the labor market. Additionally, the Fed noted the housing sector has continued to improve since the beginning of 2016. However, inflation is still below the Fed’s ideal rate of 2%, while consumer spending, investment in the business sector, and net exports are not as strong as they could be. The Fed’s overall consensus is that, while the economy is still showing steady signs of improvement, there are still a few obstacles in the way. As such, the Fed has chosen to keep the federal funds rate unchanged for the time being. The Fed’s next meeting will take place in June, and there is a possibility that we’ll be seeing rate increases by July. At any rate, the Fed hopes to authorize about two rate hikes during the remainder of 2016. How Does This Affect Mortgage Rates? Contrary to a…Read more