In the last couple of years we have seen a number of strategies to strengthen offers made on homes in order to win out in multiple-offer situations. Probably the most common is to do a “pre-inspection” of the property with a building inspector, then waive the Inspection contingency. This assures the Seller you will not just walk away after your inspection if you change your mind. There is now even a check box on the second page of the NWMLS Form 35 Inspection Contingency for the Buyer to acknowledge they are waiving the right to an inspection Contingency. [Read more…] about Waiving the Financing Contingency
Real Estate Business
As many of you know, Dustin has taken a job with move.com, the parent company of Top Producer and Realtor.com and moved to sunny southern California. Yesterday he came to Seattle downtown Hilton and gave a great seminar on the “Basics of Blogging” to a bunch of real estate agents. This was sponsored by his company, but there was very little hype and lots of information packed into a few short hours. This was my first time to meet Dustin face to face and I was impressed with his presentation skills. He has a natural passion and enthusiasm for the subject that is infectious and his own personal success with Rain City Guide makes a great example for those wanting to get started in blogging. He was brutally honest with people in letting them know it was no cakewalk, and that just creating a blog was not going to automatically change their real estate businesses. I am a good example of that. I have a bit of a tech background and started a blog when I first heard about them back in 2004. I did NOTHING with it because I was so busy, blah, blah, blah (fill in the excuse). Now I am busy playing catch-up to some very good bloggers out there who have quickly dominated the Seattle real estate blogosphere.
Dustin also spent a fair amount of time talking about online community networks and the interactive nature of newer web 2.0 websites and the value and synergy that they bring to blogging. MySpace, Linkedin and biznik and others were discussed and links, links, links, were emphasized. In the end, it was a Dustin gave a very thorough lecture of the basics of blogging, what it takes to get started, and why it is important in the world of real estate web marketing.
According to published reports, as of the week ending February 11, 2007 over two thirds of the units in the 1st Hotel and Residences (formally 2nd and Pine) have been sold. While the vast majority of these have been the “City-Suites”, a number of the luxury condos have sold as well. The most expensive penthouse units are still looking for takers, however.
Why Workforce Housing Matters
The City of Seattle began a new 4-part speaker series, Housing our Future this Thursday, February 15, 2007. This series focuses on the increasing challenge of providing housing for working individuals and families. It was held at Seattle City Hall and there were several hundred who attended.
The speaker series was kicked off with a presentation by Henry Cisneros, chairman of CityView and former HUD Secretary. Cisneros discussed the need to view housing as an essential component of a strong, healthy community. He was able to point to several trends and statistics that show it is increasingly difficult for working families to afford to stay in the city. He gave examples around the country of other areas where this is a problem, and other areas that have come up with some innovative solutions that have made a difference. This was an insightful evening that gave a macro-view of housing concerns and what a vibrant, healthy city needs to insure that the housing component is appropriate and not problematic.