How To Buy When You Already Own

How To Buy When You Already Own
Do you own your home or condo but want to sell it and buy something with more space, a different location, or perhaps a view?   

One option is to take out a HELOC.  A Home Equity Line of Credit (ask me for a lender with great programs of these right now) lets you take out a certain percentage of your home’s equity to use as a downpayment on your new home.  To find out how much equity you have, contact a Realtor, like myself, to research the value of your home (it changes ALL the time).  If you have a certain percentage of equity, you can qualify for a new loan.  And if you’re preapproved for your new home loan, I can get the home you want to sell prepped for the market pronto!

Another option is a bridge loan.  A bridge loan has some ramifications though.  They generally tend to have higher interest rates and need to be paid back in a specified amount of time.  It’s like a short term loan on your current property to buy a different property.  It’s all about timing with a bridge loan.  You can find out more about bridge loans HERE.

You can always make an offer contingent on your home selling.  This is perhaps the option offering the least amount of risk.  Of course with our current market today, properties are moving fast and a contingent offer isn’t as clean as an offer with a definitive close date, for example.  But if are you a homeowner considering the contingent offer option, consider the right list price and a home in tip-top shape, it won’t take long to sell.

molly a. cartwright  |  seattle realtor
cooper jacobs real estate, llc
206.841.6800
“Serving home buyers and sellers in Seattle’s most popular neighborhoods”

What’s a Buyer’s Agent?

Do you ever wonder how this real estate stuff works when you buy or sell a  home?   Who pays who in a real estate transaction?
Over the years, I’ve had plenty of buyers ask me how much my realtor fees  are if we work together.  Likewise, I’ve had sellers shocked to find out what they have to pay for excise tax in our city.  A seller’s net proceeds or a buyer’s closing cost worksheet are always in my back pocket to get down to an approximate number.  Traditionally the commission percentage (which can vary) come from the seller’s wallet (sorry guys)…but that’s not to say there can be different scenarios.
So why am I a buyer’s agent?  First of all, I absolutely love working with buyers!  And secondly I LOVE looking at homes.  I listen very carefully my clients.  First we have to get through the NEEDS and then we talk about the WANTS.  I love the satisfaction of walking into a home with my clients and they instantly fall in love with it.  But more times than not, there are compromises so I’m all about letting my clients know what their options are.  The permit process, the cost of remodeling, the little tweaks you can do here and there.  It’s all so much fun to me and I can see the client getting excited as we proceed down the road.
The road is an exciting one too.  I can probably explain the transaction process of buying or selling a home about 100 different ways depending on the client (unfortunately not in a 100 different languages because that would be really cool).  Sometimes it’s a new home buyer, sometimes its an investor, and sometimes it’s a buy up or a buy down . I talk to the buyer about terms, the market, escrow, inspection, appraisal, the 21 page purchase and sale contract and specifically what to expect and what not to expect.  It’s great!  The anticipation of presenting a killer offer to the seller is my favorite.  Are you interested in talking to me as a buyer’s agent?   I’d be happy to talk to you too!
I HEART Green Lake (my ‘hood), Tangletown, Wallingford, Phinney, Ravenna and Ballard.  Got car.  Will travel.

molly a. cartwright | seattle realtor since 2001
cooper jacobs real estate, llc
206.841.6800 | cooperjacobs.com | greenlakeloop.com
“Serving home buyers and sellers in Seattle’s most popular neighborhoods”

Green Lake Real Estate Is On Fire!

These days if you’re in the market to buy a piece of  Green Lake real estate, act fast.  Green Lake is one of the highest ranked neighborhoods for number of successfully closed transactions in the month of May with 167 sold homes…in one month!   Green Lake, Wallingford, and Ballard combined closed 167 homes in May 2012.  Second runner up was over 30 miles away east in North Bend, Issaquah, Sammamish, and Snoqualmie (for the eastside single family homes) with 163 closed transactions.

As a Green Lake native for 17 years,  I’ve seen some moderate growth in the area but nothing like Ballard or downtown Seattle.  Moderate meaning a new PCC with 250 apartment units above it to replace a Vitamilk plant.  It’s a quaint place to raise a family or be single.  It has the convenience of in-city suburbia with a little wholesome sustainability throw in.  If you walk down any street in Green Lake, Tangletown, or Wallingford (which are all located in the coveted core commuting central), you’ll hear kids laughing, dogs barking, chickens nesting and possibly the smell of coffee roasting or donuts frying.   Mighty-O Donuts, Zoka Coffee, Irwins Bakery just to name a few are on my walk-the-dog route.  Did I mention the five different public parks within walking distance?  Oh, and I think I almost forgot to mention the two AMAZING farmer markets – Wednesdays 3-6pm in the summer and every Saturday (year-round).  Cheese anyone?  Last week, my daughter I rented one of those paddle boats.  Next time, I’m moving up to a paddleboard.  I want to at least look like I’m a surfer.  Green Lake has a killer 3 mile path where you can run, walk, bike, skateboard, speed stroller (I just made that up), go fishing, tanning, frisbee, walk on a tightrope tied between two trees…oh the list goes on and on.

To put the cherry on top, the new McDonald Elementary (language immersion program) is opening its doors Fall of 2012.  Wow!  I think I’ve seen my home value increase by this statement already.  With some public schools experiencing increased campus sizes, McDonald Elementary school will help alleviate this.   Believe me, the PTA is as strong as ever and the school has been in complete remodel mode since last year at this time.  I live two blocks from it and it’s exciting to see the improvements – new windows, furnace, black top, bark, and play structure for the playground – and more. 

I don’t mean to brag about my neighborhood because Seattle has other amazing neighborhoods which I can showcase for you, but nothing else feels more like home than my Green Lake.

Molly Cartwright
Green Lake Resident and Realtor
molly@cooperjacobs.com
206.841.6800

HEADS OUT FOR SPRING

Heads Out for Spring

The turtles have come out of hibernation on Green Lake and Lake Washington and many people are thrilled to see them. For some folks, seeing the turtles bask in the sun on wooden logs is the unofficial start to Spring.

green lake turtles

 

Turtles surfacing the waterline is a magical time in Seattle. These shelled critters act as a barometer for this body of water we know as Green Lake.Many of the flowers and cherry blossom trees have been out for about a month now but the turtles seem to know when there’s little chance of going back to freezing temperatures.

Baseball’s in the air too! The Seattle Mariners have their season opening game at Safeco Field today after starting the season overseas in Japan. There have been more and more Green Lake open houses, too, and that’s another sign that warmer weather and sunny days are more common. If you are interested in open houses held by Cooper Jacobs please contact us at courtney@cooperjacobs.com.

If you are looking at homes for sale in Seattle, then Green Lake is a great place to live.

Active Green Lake real estate listings can be viewed at Green Lake Properties.

For ALL the listings in Seattle and surrounding neighborhoods go to www.cooperjacobs.com.

Green Lake Pathway of Lights 2012 Tonight Beginning At 5PM

Don’t Forget The Green Lake Pathway of Lights Tonight!

The Green Lake path is something I hold very dear and near to me.  This year in particular, I have been one with it and walked it on most days during the year only to stray to the Lake Union Loop, Queen Anne Boulevard, or the Discovery Park Loop Trail once in a while.

From to the Seattle Parks & Rec Site

This years event is Dec 10th, 2011 from 5-8 p.m. (every 2nd Sat in Dec.). This yearly event brings neighbors, friends, families and Seattle together to light up the night in one of the darkest months of the year in a celebration of light and the many holidays of December. Volunteer music groups, and people setting up and taking down the candles and helping with the event wanted!

The event is free and open to the public and this year is December 10th, 2011 from 5-8pm. The event includes 4 music stages around the 2.8 mile lake, with holiday performances by music groups of 20 or less (unamplified). The 2.8 miles of the interior of the lake are light by over 2500 candles; in addition docks and some paths leading to the lake are also lit. You are encouraged to light up the night yourself, with glow sticks and other items.

Green Lake is a wonderful Seattle neighborhood – if you are interested in Green Lake homes for sale, please let us know what we can do for you.  We have excellent Green Lake listing agents and also some of the very best Green Lake Realtors for buyers.  Cooper Jacobs Real Estate is different and we want to show you why.  realestate@cooperjacobs.com

Green Lake Pathway Of Lights 2012

Plan On Attending The Green Lake Pathway of Lights 2012

The Green Lake path will be lit up again in a tradition that has been going on since before Elvis died.  You don’t want to miss this beautiful and very cold event – there is nothing more beautiful than Green Lake and some of its docks lit up!  Green Lake neighbors and friends get together and the event is FREE.

From to the Seattle Parks & Rec Site

This years event is Dec 10th, 2011 from 5-8 p.m. (every 2nd Sat in Dec.). This yearly event brings neighbors, friends, families and Seattle together to light up the night in one of the darkest months of the year in a celebration of light and the many holidays of December. Volunteer music groups, and people setting up and taking down the candles and helping with the event wanted!

The event is free and open to the public and this year is December 10th, 2011 from 5-8pm. The event includes 4 music stages around the 2.8 mile lake, with holiday performances by music groups of 20 or less (unamplified). The 2.8 miles of the interior of the lake are light by over 2500 candles; in addition docks and some paths leading to the lake are also lit. You are encouraged to light up the night yourself, with glow sticks and other items.

Green Lake is a wonderful Seattle neighborhood – if you are interested in Green Lake homes for sale, please let us know what we can do for you.  We have excellent Green Lake listing agents and also some of the very best Green Lake Realtors for buyers.  Cooper Jacobs Real Estate is different and we want to show you why.  realestate@cooperjacobs.com

About Cooper Jacobs Real Estate’s Seattle Branch:

 My office at Cooper Jacobs Real Estate LLC is located centrally near all my favorite Puget Sound neighborhoods just a few blocks up from Lake Union & just South of Green Lake in Seattle’s Wallingford neighborhood.  Cooper Jacobs Real Estate is a wonderful place filled with talented Seattle real estate brokers and I count myself extremely lucky that I get to spend so much time with these wonderful people.  We specialize in different Seattle neighborhoods and suburbs in both residential and commercial real estate and are all very passionate and excited about each of our favorite Seattle neighborhoods and industries!

Cooper Jacobs

Green Lake Heating Up

Green Lake in Seattle

Green Lake is so pretty this time of year if the weather is cooperating.  I had the great pleasure of walking in the bright sunshine yesterday under ideal conditions.

I walk Green Lake or Lake Union almost every day.  Green Lake is just under 3 miles and Lake Union is about 6 miles.  Green Lake is good for a slow stroll, a jog, bike, strollers, skates, blades, hula hooping blades, wagons, and just about any other thing you can imagine and it is nice because if you feel like going around twice, it is easy to do so.  It usually takes me about 45 minutes to walk around the lake rain, snow, or shine at a fairly brisk pace.  it is flat for the most part and has great scenic sites along the way.

I now count myself among one of the lucky who get to live within walking distance from the lake, but there is ample parking if you need to drive to get there.

If you are interested in Green Lake real estate, let us know – we would be happy to show you this wonderful Seattle neighborhood!

Open House Today In Green Lake From 1-4pm

Fabulous new price for a one of a kind Green Lake home. Meticulous finishing work, ample two car garage, and a  gorgeous great room. Plus an extra master suite perfect for the nanny, out of town guests, or a teenagers getaway!

You don’t want to miss this wonderful home at this wonderful price!  $874,950 / 4 beds / 4.25 baths / 3600 sq ft

8552 Densmore Ave North
Saturday April 2nd 1-4p

737 Is Taking Flight

The other 737 is taking flight.  737 North 81rst Street that is.  If you love period style homes of the 1900’s (which would be the vast majority of Green Lake and other North Seattle neighborhoods), then you definitely don’t want to miss this beautifully remodeled 1910 4 bedroom/2.5 bath.  

737 North 81rst Street

Soaring 9 foot ceilings, a stone tiled gas fireplace marks the centerpiece between the formal dining room and the great room.  Just off to the side is the perfect resource room for the teenagers or a delightful kid’s craft corner area, complete with substantial built ins.

    

Cooking and entertaining have never been so easy with  this wonderfully open floorplan.  Warm hues of the Richlite countertops blend with the natural stone tile of the kitchen floor and backsplash.  Cabinet storage is plentiful and mark the tasteful design of this gourmet kitchen. 

This beautiful home is truly turn key ready.  Mature landscaped gardens, completely fenced private yard, and off street parking make it easy to walk just steps to your front door.  All updated electrical, plumbing, and a newer roof, this home has been meticulously cared for and rated one of the best neighborhoods to live in Seattle! 

737 North 81st Street

737 North 81rst Street

 

 

 

 

 

 

 

Daniel Bagley Elementary is just down the street and has one of the best reputations in the Seattle Public Schools.  It even has a waiting list!  But with the new boundries, 737 is your primary elementary school.

Contact us to show you this one of a kind home!

Tangletown Real Estate

Looking to buy some Tangletown Real Estate?  Is it a wise purchase?  What kind of neighborhood life is Tangletown?  What about the schools?

Tangletown Home

Geographically, Tangletown is nestled between south Green Lake and north Wallingford.  Living here you can still take advantage of Green Lake’s paddle boats and basketball courts while walking to Wallingford for a glass of wine and live music.  But Tangletown has its own main drag (North 56th Street) you don’t want to miss!  Get an updo at Beehive Salon then walk across the street to grab one of many hotdog selections at Diggity Dog Hot Dog & Sausage stand and wash it down with a brew at the local Elysian Brewing Company ~ just kiddy corner from Might O Donuts.

Tangletown is probably most proud of ZokaZoka is a super cool cafe which roasts its own coffee beans, has delicious pastries and lot of seating for those important meetings with your wedding planner or hunkering down to write that mid term paper for school.

Because of the quaint parameters of Tangletown‘s borders, it has seen average solds for the last six months.  13 solds to be exact.   $214,000 buys you a 500 square foot studio or an expansive $1,280,000 beautiful home with over 3,000 square feet of living space.  So the average days on the market are only 24 days from these sold properties and the average price is around $564,000.  This is just under the FHA loan limit of $567,500.  Believe me, a minimum downpayment of 3.0% is worth buying a home in Tangletown.

The schools are amazing!  Let’s start with daycare and pre-kindergarden.  Green Lake Day Care and Preschool, managed by Anne Kelly, is a safe place you can trust.  Located at 63rd and Green Lake, it has three separate rooms for the Poohbears, Piglets, and Tiggers in a huge brick church.  My daugther went there from 1 year old as a Poohbear and graduated at age 5 as a Tigger.  She’s seven now and STILL talks about her teachers from Green Lake Day Care and Preschool.

The Elementary school will be McDonald in 2012 after a complete facelift but for now, it’s Lincoln Elementary.  Middle School is going to be Hamilton, and Roosevelt for high school.  I recommend going to the Seattle Public Schools Website for more detailed information.

Tangletown has some charming homes on the market right now!  There are 10 single family homes and 1 condo for sale in Tangletown.  Find more at Cooper Jacobs Real Estate.