left photo by dane gregory meyer, bottom right photo courtesy...
TRANSCRIPT
According to Moya Skillman,
broker at Team Foster at
Windermere Real Estate,
the Eastside home market is hot
right now. “The Eastside is the
place to be. Or at least that is
what home buyers are saying.
Inventory is at a 13-year low and
it seems that everyone wants to
live on the Eastside because of
the great schools, short commute
times to employment areas, and
quality of life, including great
parks and wonderful shopping and
entertainment,” she says.
The loss of inventory directly
coincides with companies such as
Microsoft, Google and Expedia
leasing more and more space on
the Eastside. “We find that most of
the people moving here from other
parts of the country want to live on
the Eastside. This is pushing home
values up and prices are increasing.
We are seeing multiple offers on
most houses in a variety of price
points,” she says.
Are you looking to buy? Skillman
says if you’re budgeting under $1
million, you might want to take a
look at areas of Kirkland, Redmond,
Lakemont and Newcastle. If you
own a home in West Bellevue,
specifically Medina, Clyde Hill,
Enatai or the Points (Yarrow Point
and Hunts Point), you’re likely
sitting on a proverbial gold mine.
“If you have a house in this area,
properties are in high demand
because of the exceptional public
schools and close proximity to
downtown Bellevue and Seattle,”
Skillman says.
Are you thinking about selling
your home? You’re not likely going
to just throw it on the market and
call it good. Improvements must be
made. Value must be added. But
where to start? We asked Skillman
for three different suggestions to
add value to your home sale.
Real Value.An inside look at the Eastside market (plus tips to boost your home’s value) BY ETHAN CHuNG
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Skillman added that regardless of price range, it ’s
a good idea for any potential seller to tour their own
home through the eyes of a potential buyer. Ask yourself
important questions. Is the kitchen too cluttered? Does
the room flow correctly? Do the drapes interfere with my
ability to see the yard? Enlist assistance from someone
who doesn’t live there. A close friend with a fresh set of
eyes can be a big help.
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Easy peasy.New carpet and paint. New paint is very
affordable because you can do it yourself.
Carpet can be of good quality, but doesn’t
have to be expensive. These two changes
really transform a house in a matter of days
and help present your home in the best way.
Another easy improvement is color flower pots by the front door. Creating a nice
sense of arrival is key to selling your home.
Essential.Landscaping. Whether you can do the
improvements yourself or can hire someone
to help, landscaping is critical. Things
should be clean and tidy. If the yard is in good shape, the house will look like it has been well cared for. Many buyers drive
by houses before they call their Realtor
to go see the house. You need to make a
great first impression from the outside!
Go for the gold.The old saying is, “kitchens and bathrooms
sell houses. And it is still true today. If you
do have some extra funding available for
improvements, consider updating your kitchen and or bathrooms. Adding stainless
appliances, changing countertops and
painting or replacing cabinets will give you
a big boost. Master bathrooms are very
important. If you can only remodel one
bathroom choose the master bathroom first, then add the others if your budget allows.
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