There is another house on Queen Ann Hill that is listed for $1.1 Million dollars, that has a spectacular view. It’s in great shape, great architectural detail, great view. There it sits.
By chance I saw the agent’s sign for a Broker’s Open in my neighborhood, and stopped in to ask about the other listing. I went through the house, and figured in my mind it would be in the $500K range. It’s listed for $479K. The owner bought it in 2007 for $600K and some change. The owner will bring the money to close. The owner of the $1.1 Million dollar house owns it free, and clear.
After some kibitzing, and pleasantries I was trying to calculate the odds of an agent having two great properties listed at fair prices.
In all the multiple offer mania there seems to me a lot of houses that are just sitting on the market. Another one was pointed out to me today in Ballard that even a few months ago would have had a bidding war. Today it’s waiting for next Sunday’s Open House.
For that matter I’m waiting for another property to close that did have multiple offers in the same price range of $475K. It was a price that made no sense to me at all, but it went.
I’m wondering why the market place we have, right now, is so fickle.
About David Losh
In 1984 I got my Real Estate license and worked in a small company called Advance Properties. The owner was extremely interested in Real Estate, building, and land development. Most of his work was concentrated North of Seattle. Since the 1970s I had worked for Real Estate agents in Seattle as a contractor, mostly preparing properties for rent, and sale.
After a few years my skill level increased considerably concerning land use, building code, and development practices. Escrow, and lending offices were housed at the Advance Properties building so it was easy to get involved in all aspects of Real Estate. It was very much a family owned, and operated business.
Over the years my Real Estate license has been at a variety of Real Estate companies, and offices. Nothing compares to those early years, or that sense of family. Real Estate has gotten to be corporate owned.
My hope with this blog is to share with you some of the things I've learned. If you have Real Estate needs, or want contractor help, I refer freely to what best suits you. If you should choose to work with me you'll find a great resource.
My Real Estate license is at Skyline Properties in Northgate. Skyline is a locally owned company that is a desk fee office. There is a wide variety of diverse agents. It helps me with some of the other projects that I have, and mentoring that I do, to be able to work with people from other cultures.
Here in Seattle we are close to Vancouver BC and are the gateway to China. Boeing has a great trade relationship with China, as does Microsoft have with all of Asia. We are a culturally diverse community, and it helps me to be invlolved.
