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Posts Tagged "investor"


  • Why Buying a Home Is Easier Than You Think: A Conversation with Margaret Smith

    June 21, 2018 /
    Pickett Street Properties Team /

    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

  • Seattle Summer Real Estate Update

    June 18, 2018 /
    Pickett Street Properties Team /

    What are you up to this summer? I sincerely hope that, whatever your plans are, they involve eating good fresh food, getting out on the water, slowing down, and doing a whole lot of nothing with your favorite people. Perhaps your summer plans also involving buying a home, selling a home, or engaging in some other part of the real estate world. So, while you’re enjoying a cool beverage, here is a Seattle area real estate update. Also keep in mind that the first thing you should do is contact Pickett Street at info@pickettstreet.com or (425) 502-5397. They have the know-how and the skills to help you navigate real estate with as little stress and as much enjoyment as possible. 1. Mortgage rates increased. According to Freddie Mac, the 30-year fixed rate mortgage recently rose to 4.62%. (One year ago, this rate was 3.92%.) The 15-year fixed rate mortgage rose to 4.07%. (One year ago this rate was 3.18%.) The plus side of this is that mortgage application activity has also declined, which may mean less competition if you are looking to buy a home this summer. However, according to economist Joel Kan, “government applications increased, driven largely by increases…Read more

  • Escape City Life with This Modern Country Dream Home

    June 8, 2018 /
    Pickett Street Properties Team /

    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

  • Attention All Foodies: It’s Farmers Market Season!

    June 1, 2018 /
    Pickett Street Properties Team /

    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

  • Four Smart Ways to Prepare for a Home Inspection

    May 30, 2018 /
    Pickett Street Properties Team /

    A good home inspection should provide you with information about a home's current condition. The inspector's job is to do a general analysis of the entire home, not go over the home with a fine tooth comb. If something looks like it needs further investigation, the inspector will recommend hiring a specialist, or contractor. The inspector will also provide a general timeline of the lifespan left on the home's major systems, providing you with information about future upkeep for the home. To connect with a quality agent, get in touch with Pickett Street today (info@pickettstreet.com or (425) 502-5397). Additionally, to help you make sure you get the most out of your home inspections, here are a few tips. For Buyers: 1.  Research your home inspector. As a millennial, I can’t buy anything these days without obsessively reading reviews online. For example, I just spent 30 minutes researching backyard doggie pools on Amazon. While I might be taking consumer research to the extreme in this particular instance, finding a good home inspector definitely requires careful research. Here are a few questions to keep in mind when researching your home inspector: How long have they been inspecting homes? How many inspections have they performed?…Read more

  • Experience Vs. Innovation: Three Tips For Choosing a Real Estate Agent

    May 11, 2018 /
    Pickett Street Properties Team /

    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

  • Three Things to Know About the New Mayor of Everett and Its Plans for Growth

    April 27, 2018 /
    Pickett Street Properties Team /

    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

  • Buying Off-Market Homes: A Conversation with Nicole Leong

    April 10, 2018 /
    Pickett Street Properties Team /

    It can feel frustrating to dream about your ideal home and then struggle to actually find this home. This frustration is especially real in places like the Seattle area, where the highly competitive real estate market takes some patience (and amazing real estate agents!) to navigate. Because they understand that, for some individuals, dream homes aren’t always where they expect, Pickett Street is able to help their clients purchase off-market homes. While you might be thinking that an “off-market” home involves chatting with a trench-coated individual in some dark alley, the actual process is much more straightforward. I was recently able to chat about buying an off-market home with Pickett Street’s wonderful buyers agent Nicole Leong. Here’s what she had to say. (For more about finding your own off-market home, get in touch with Pickett Street at (425) 502-5397 or info@pickettstreet.com.) What exactly is an “off-market” home? An off-market home is a property that has not been listed anywhere. In an off-market real estate transaction, the seller might consider selling their home if presented with an acceptable offer. Nicole points out that an off-market home is different from a “for sale by owner,” or FSBO, home, which is a property…Read more

  • Podcasts, Free Classes, and More: Pickett Street’s Spring Calendar

    March 30, 2018 /
    Pickett Street Properties Team /

    No one knows how to throw a party like Pickett Street. And by “throw a party,” I mean, treat their clients and team members with respect, compassion, and professionalism, host and participate in local and national events, and engage in the real estate market in endlessly fun and innovative ways. With spring in the air, the Pickett Street team has several exciting events up their sleeves. Want to join in? Get in touch with the team at (425) 502-5397 or info@pickettstreet.com and check out the list of upcoming events below: First-time Home Buyer Class When: Tuesday, April 17th @ 6-7:30pm Where: 22614 Bothell Everett Hwy. Bothell, WA 98021 As a hopefully-soon-to-be-homebuyer, I’m seriously considering skyping in for this event. Not only will there be refreshments, this entirely free (!) class will feature the Pickett Street team and Cody Touchette from Caliber Home Loans. The class will cover the home buying process from start to finish, with information about loan and financing options, down payment options, and what you need to know about the current real estate market. Contact Sarah Troske at sarah@pickettstreet.com with any questions or to sign up. 2nd Annual Pacific Northwest Operations Retreat When: April 5th through April…Read more

  • Three Reasons To Fall in Love with Real Estate

    February 15, 2018 /
    Pickett Street Properties Team /

    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

  • What to Know About the 2017 Tax Cuts and Jobs Act

    February 9, 2018 /
    Pickett Street Properties Team /

    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

  • Seattle Real Estate Update: What to Expect from 2018

    January 15, 2018 /
    Pickett Street Properties Team /

    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