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Posts made in June, 2016

  • Seattle Real Estate Is King

    June 24, 2016 /
    Pickett Street Properties Team /

    Longtime residents of Seattle are surely amazed these days. They’ve seen the city transform from the Capital of Grunge to a sleek and bustling hub of industry. By the same token, they've also seen the cost of living soar along with the business boom. While these added expenses might be a deterrent for some homebuyers, there are actually many compelling reasons to buy Seattle real estate as soon as possible.   At the forefront is Seattle’s muscular job market. Currently, Seattle is experiencing a massive influx of industry, as multiple prominent companies are increasing their presence here. Leading the industrious charge are some of the most important tech companies in existence. Over the last few years, Seattle has welcomed the presence and expansion of companies like Uber, Facebook, Google, and Twitter.   And then, of course, there’s Amazon: a venerable giant in the tech industry, Amazon has always been a Seattle mainstay, and it’s only becoming more important with the passage of time. Overseeing several construction expansion projects, Amazon’s office space is soon expected to include over 10 million square feet. That’s a hefty sum of Seattle real estate.   What this expansion of industry means for Seattle is, of…Read more

  • Living in Washington State: The Sea

    June 20, 2016 /
    Pickett Street Properties Team /

    Each summer, my family gathered at a local beach, known locally as the Spit, to dig for “gooey-ducks,” a particularly hideous species of mollusk that burrows beneath the sand and belches fountains of salt water. On these occasions, a gaggle of relatives and family friends trudged down to the tidal flats with shovels, buckets, galoshes, metal cans or tubes, and snack-filled coolers to search for our quarry. Finding the plumed spurts of water announcing the presence of a clam, the digging would begin, and it wouldn’t stop until some poor schmuck found himself lying with one of his arms wholly submerged beneath the sand, scrabbling for the fleeing neck of the ‘duck while everyone hollered words of encouragement. Though I personally never dug for a clam (usually, I elected to perform some passive and useless task, such as alphabetically organizing our cooler of snacks, while the prone digger gasped and sputtered in a puddle of goop), I relished these occasions. They were, after all, some of my earliest trips to the Puget Sound, and that has to count for something. The Sound is unlike any other maritime environment on earth: sandwiched between the Olympic and Cascade mountain ranges, the Sound…Read more

  • So I went on a date…. a story by Mo.

    June 14, 2016 /
    Pickett Street Properties Team /

    So.....yes. Last Tuesday I was set up by a dear friend of mine. I never like set ups. But I trust this person, so I went for it. It was a delicious dinner and lovely setting at Manolin in Wallingford. If you go- get the "Fun Fun Fun" drink. It's a pink lemonade that is way too easy to drink. I am not someone that dates a lot- I tend to fall into relationships when its supposed to happen I think (I hope) and I don't do a lot of casual dating in between. If you've had a blind date recently, you might be able to relate a bit more to me at this moment in time. How crazy and strange is it to meet someone you've never met before at a restaurant, and hope to have a somewhat interesting and entertaining conversation for at least the time it takes you to get through that delicious smoked salmon and rockfish ceviche. So we met at 7 and talked until 10pm. If anything I can always bring conversation to the table. At Pickett Street I run all of the initial screening interviews- so I told the guy "Just FYI, you may…Read more

  • Do you know what a 1031 Exchange is?

    June 10, 2016 /
    Pickett Street Properties Team /

    Two things in life are unavoidable: death and taxes. However, while avoiding your personal taxes altogether isn’t possible, there are ways of avoiding them in the world of real estate. Particularly handy is the 1031 exchange, a transaction that allows you to defer capital gains taxes in the sale of certain kinds of property. Overall, the 1031 exchange is a great way to build wealth but, in order to do so, it’s important to familiarize yourself with the transaction’s basic rules. 1031 Exchange: The Basics Before we start discussing the benefits of the 1031 exchange, it’s necessary to understand exactly what this transaction entails. In simplest terms, a 1031 exchange applies to transactions in which you sell and then buy properties of like kind within a specified window of time. The term “properties of like kind” might seem formidably ambiguous, but it basically refers to real estate that is NOT your personal residence. Therefore, you could swap a parcel of undeveloped land for wealth-producing commercial real estate, or you could exchange business property for business property. Many different combinations exist, but the bottom line is that a 1031 exchange deals with investment or business property, and your personal residence can’t…Read more

  • Have you ever wanted to live in Ballard?

    June 3, 2016 /
    Pickett Street Properties Team /

    It’s common knowledge that Seattle has a long and proud maritime history. Whether you’re enjoying a ferry ride to Bainbridge Island, visiting the aquarium on the pier, or simply renting a paddleboat out on Green Lake, you'll never be far from the water. In the midst of all this briny heritage is Ballard, a nook of northwest Seattle with especially strong ties to the sea. By coincidence, it’s also one of the most popular neighborhoods in the city. Ballard has a long, rich history that stretches back to the 1850s. Originally an independent town populated by fishermen of Scandinavian descent, Ballard has since been incorporated into Seattle and blossomed into a hotspot for culture, food, and drink. One of Ballard’s most popular attractions is the Nordic Heritage Museum, which specializes in preserving and celebrating Nordic culture through dance, film, music, and an extensive series of classes and lectures. On particularly sunny days, visitors can stroll down to Ballard’s popular Golden Gardens Park, a coastal recreation area with forest trails, sandy beaches, and ample views of the Puget Sound. If you’re going to visit Ballard, however, you’ve got to emphasize eating and drinking. In a city renowned for its culinary scene,…Read more

  • Ten Reasons You Should Work With A Real Estate Expert

    June 1, 2016 /
    Pickett Street Properties Team /

    Everything seems automated these days. Self-service stations are proliferating in grocery stores, cars are parallel parking themselves, and everyone seems to be jumping on the robotic bandwagon. The real estate world is not immune to this electronic trend; the vast number of online resources has lead some house hunters to believe that real estate agents have gone the way of the dodo. While searching for a house alone is an option, it’s important to understand that navigating the real estate world without an agent is difficult at best, and disastrous at worst. Below, you’ll find the top ten reasons why you should always work with a real estate expert. Access to Listings Yes, it’s true: the Internet is amazing, and it contains more information than any human could consume in a lifetime. That said, it’s guaranteed that any real estate agent will have access to more listings than the Average Joe surfing the web. For instance, many properties might be available but won’t be advertised publicly, and most websites are not as up to date as the multiple listing service (MLS). As such, agents can help you access more and better listings. However, while access to listings is great, it’s…Read more