FEATURE
MARKET
VALUE
PAGE 2
PAGE 10
PAGE 4
Choosing the right paint colors
A look at what has sold in Bellevue
Reverse mortgages offer relief
Wednesday, July 23, 2008
Your link to Bellevue and its neighborhoods
For information on featured property see page 2
See Bellevue homes listed on the market today at homes.bellevuereporter.com
Simplified Home Loans
For a free mortgage planning session, please call David Foster Branch Manager
Email: David.A.Foster@wellsfargo.com Website: www.getloaninformation.com
97370
425-351-8900
2
b e l l e v u e R E A L E S TAT E r e v i e w
W e d n e s d a y, J u l y 23, 2008
Choosing the right paint colors for your house
If you're planning to paint the exterior of your house, one of the most important things you need to know has nothing to do with scraping, caulking and priming.
I
t's this: Paint-color chips are vicious little liars. "Don't believe the paint chip. Never believe the paint chip," warns historic-color specialist Robert Schweitzer.
H
e tells the story about a homeowner "We drove by, we walked by. It became who handed her painter what she part of our life to look at those colthought was a gray chip, left town and ors." returned to find her house was lavender. After narrowing the seven choices Funny: The chip certainly looked gray to two shades of green, they painted a indoors. Not funny: The repainting cost large square of each one on the back $15,000. of the house and lived with them, Choosing the right exterior color through fall, winter and spring. can be daunting, Schweitzer says. "It's Once that choice was made, the colnot like painting a wall or buying an ors for trim and accents fell into place, ugly shirt." If you choose wrong, "it's a she recalls. very expensive mistake." "We have people stopping left and The alternative is for you and your right and asking us for our colors, but neighbors to live with it for the esti- you can't use (the color scheme) on a photo by Herral Long mated five to eight years the paint Victorian or a Four-Square house. It Skip and Judy Gaynor's house after the new paint job. job will hold up, if it's otherwise done just doesn't work." right. That's because the architecture of from brick or stone accents on the body color first. To test a color, paint Maybe that's why so many people your home should be the starting point house or patio. Looking at the colors an area at least 4 feet by 4 feet on a choose to play it safe. According to the for choosing an exterior color, advises you've used inside the house also may piece of plywood. "You have to get it Rohm and Haas Paint Quality Insti- Donna Schroeder, a color marketing help. big enough to actually see the color," tute, white is America's most popular and design manager for Dutch Boy There are three types of color he explains. exterior paint color (34 perPaints in Cleveland. "A Cape schemes, she notes: monochromatic Schweitzer, who works with clients cent), followed by beige Cod, a Craftsman, cot- (shades of a single color, such as dark, across the country, says he uses a 27(28 percent), gray tage, Victorian -- all medium and pale blue); analogous item checklist to come up with possiFunny: The (15 percent), blue those have different (similar colors that are side-by-side on ble colors for a home. The list includes (7 percent), green schemes," the color wheel, such as blue-green, such factors as the roof color, the dichip certainly looked color and yellow (6 pershe explains. green and yellow-green); and comple- rection the house faces, the amount gray indoors. Not cent each). "Ask yourself: mentary (colors that are across from of ornamentation and neighboring Judy Stoneis the style each other on the color wheel, such as houses in addition to the style and age funny: The repainting ofWhat Gaynor says it your home?" red and green). of the home. (Examples of his projects cost $15,000. took her nine Study pictures in "Traditionally you see the darker can be found on his Web site, www. months to decide books, brochures colors on shutters and doors as ac- historichousecolors.com. His client on a new color for the and online for homes centing pieces, a lighter or medium homes have been seen on the TV Arts & Crafts-style home that look like yours, Schro- tone on the siding, and even lighter on shows "Restore America" and "Curb she shares with her husband, Skip, eder suggests. the trim," she says. Appeal.") in Toledo, Ohio. Once you determine the palette A Victorian-style home can have Schweitzer says his fee is $550 for "It was a light, baby-poop yellow," that is appropriate for the architecture, five or more colors, she points out. home color consulting, which includes she says. Now the body of the house is take a look around the neighborhood. Schweitzer, who has taught archi- diagrams for painters to use as a map an olive green, the trim is a sand color Older areas of a city generally have a tectural history and historic preser- to make sure each color is applied in and accents are painted in two shades greater variety of styles, she says. A vation at the University of Michigan, the right place. of brown. "It really looks great," she hodgepodge means that "Sometimes the University of Toledo and Eastern "It was the best money we ever says. "Everything just flows together." you don't have to do what's expected." Michigan University for more than 25 They worked with Schweitzer to A boldly painted door or bright ac- years, advises homeowners to pick the PAINT COLORS select the colors, starting with a deci- cents could be right at home. continued on page 8 sion on a new roof shingle. Based on "In the suburbs you tend to have the colors in the shingle, he suggested more uniformity," Schroeder observes. Supplement to the Bellevue Reporter seven color candidates for the body of "There are a lot of neutrals, earth tones, Produced by the Marketing Department the house. khaki and tans, softer whites." Bellevue Real Estate Review is a special section published by They bought a quart of each color, A turquoise door might be as welthe Bellevue Reporter. Extra copies are available at City Hall, slathered them on big pieces of ply- come in such a neighborhood as a Bellevue Chamber of Commerce and local libraries. wood and propped them in front of skunk at the block party. the house, Judy Stone-Gaynor says. Schroeder advises taking color cues Bellevue Real Estate Review Staff FEATURE
Moving? Some ideas... PAGE 2
MARKET
VALUE
PAGE 10
PAGE 4
jumbo loans still hard to get
A look at what has sold in Bellevue
Wednesday, May 28, 2008
Your link to Bellevue and its neighborhoods
Publisher: Sandy Payson, 425.453.4270
Cover photo provided by Susan Baker Reach her at 425.761.9500
Editor: Sarah Simmons, 425.453.4270
Silverleaf Residence Year Built: 1999 Bedrooms: 4 Baths: 3.5 Living Area: 4,570 square ft. Lot Size: .26 acres
www.listbuysusan.com
See Bellevue homes listed on the market today at homes.bellevuereporter.com
Simplified Home Loans
For a free mortgage planning session, please call
425-351-8900
David Foster Branch Manager
Email: David.A.Foster@wellsfargo.com Website: www.getloaninformation.com
80163
4988 160th Ct. SE Bellevue, WA 98006 Offered at $1,149,950 MLS Number 28117598 Type: Single Family
For information on featured property see page 2
Advertising: Bruce Baker, 425.453.4273 McKenzie Lukecart, 425.453.4287 William Shaw, 425.453.4211
Bellevue Reporter: 919 124th Ave. N.E. #104, Bellevue | 425.453.4270 | bellevuereporter.com
W e d n e s d a y, J u l y 23, 2008
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W E D N E S D A Y, J U L Y 23, 2008
Reverse mortgages can offer relief in retirement
In today's economic climate, many retirees are finding that their nest eggs are starting to crack. Reverse Mortgage Rundown
Marty Taylor, a life-time Seattle/Bellevue resident, is the owner of Stay In Home Reverse Mortgage
F
or some it means the daily cost of living is beyond reach with a meager fixed-income that can't keep up with inflation. For others, it means the golden years have lost a little luster as travel and other retirement activities are no longer affordable. However, more and more retirees are turning to reverse mortgages to obtain the additional source of income they want – and need. In our first installment, we reviewed where the reverse mortgage story began. But how do you know if it is right for you? Let's start with looking at how a reverse mortgage works.
With a reverse mortgage, homeowners age 62 and over are able to convert a portion of the built up equity in their home into tax-free cash, with no required monthly payments. If there is a mortgage on the property and the borrower qualifies for enough money, the reverse mortgage would pay off that debt. In many instances, the borrower qualifies for enough money to pay off existing liens plus access additional cash. This cash can be taken as a lump sum, as a monthly payment to the owner, as a growing line of credit , or any combination. No payment is made to the bank until the owner sells the home or until the last surviving borrower dies. The residence can be a single-family residence, a townhouse, a duplex- 4-Plex, a condominium or a mobile home – so long as it is the primary residence. Prospective borrowers must also complete the required US Department
Ten fabulous ways to refresh your style
of Housing and Urban Development (HUD) counseling. Reverse mortgages come in many flavors, the most popular being the Home Equity Conversion Mortgage or HECM loan. These loans are insured and backed by the Federal Housing Administration, guaranteeing that the borrowers will get the funds they were promised.
How Much Can Be Borrowed? The amount available to the borrower is determined by a combination of factors including the homeowner's age, home value, and current interest rates. There are no income or credit requirements.
Benefits of a Reverse Mortgage If you plan to be in your home for more than two years and your house has considerable value, a reverse mortgage is a viable solution for you. By law, reverse mortgages are also nonrecourse loans meaning the debt can
friendly, comes in amazing colors and costs a lot less.
5. Clean up your kitchen cabinets Spruce up cabinets with a fresh coat of paint or stain, or simply remove the doors for a truly European-style kitchen. If your cabinetry is just plain dirty, use a brush and a wood cleaner to get those dirty fingerprints out.
never exceed the value of the home at the time of repayment. While reverse mortgages provide many benefits to retirees who want to plump up their nest eggs, they are not for everyone and not everyone will qualify. Be sure to take advantage of HUD's free counseling (call 1-800569-4287) and consult a reputable lender who can help you determine if a reverse mortgage is right for you. Martin (Marty) Taylor, a life-time Seattle/Bellevue resident, is the owner of Bellevue- based Stay In Home Reverse Mortgage, the largest independent provider of reverse mortgage in the Northwest. Since opening its doors just two years ago, the company has seen a 900% increase in loan volume. –By Marty Taylor Stay In Home Reverse Mortgage
9. Clean out the garage for a drive-in theater and more Paint the walls, put in a big screen, set up a sound system and throw in a seating element to add comfort and style. 10. Follow the 3 R's: Refurbish, Repaint, Recycle Being eco-friendly takes simple smarts and small steps. By reusing
items such as old furniture, frames and artwork, you can make your own contribution to saving our planet while saving money.
Home & Garden Television Scripps Howard News Service
6. Fix up an old ceiling fan Have new blades installed, or just clean out and repaint the old ones. File Photo
1. First impressions are everything Spruce up your front door -- a fresh coat of paint, a new knocker or even a shiny knob work wonders. Make sure your doorbell works, too. No one likes to be ignored. 2. Refresh your walls with vibrant colors Pick a room in your home and designate it the "summer room." Repaint, refresh and rejuvenate the walls with a luscious, incredible hue found in a vibrant summer bloom. Muted yellows, soft blues and vibrant greens are great choices.
3. Recycle fabrics and textiles Lighten up any room by trading heavy fabrics for light and airy ones. In the living room, for example, take down your old drapes and replace them with an open weave such as chiffon or organza. Change out dark throw pillows and slipcovers by adding crisp white, a bright solid or even modern, floral patterns. 4. Bring the beach into your home in a simple way Buy some synthetic coral from your local aquarium or fish store. It lasts longer than real coral, is more eco-
7. De-clutter for a quick makeover Just like little squirrels, we hunker down and store our goods during the winter. But come summer, your home can get cluttered with knickknacks, heavy blankets and bulky furniture. Put some of it away in storage. 8. Let the sun shine in Strategic placement of a mirror can add an enormous amount of natural light in your home. If possible, hang a large mirror in the living room directly where the sun beams in. In addition to bouncing light, it creates virtual space and overall appeal to a small room.
If you are 62 years or older, act now before the time is too late! With the depreciating home value still on the rise, you may not be able to do a Home Equity Conversion Mortgage (100% FHA/HUD Insured) • Eliminate your mortgage payments. • Let your home pay off ANY debt as needed and cover future medical costs. • Buy a 2nd home, take vacations, and be worry FREE Call Toll Free 1-800-963-8011 within 30 days and mention the “Bellevue Reporter 02” for a FREE no obligation Home and Mortgage Analysis! Or visit us at www.stayinhome.com Simple talk, straight answers in a very confusing market... 91635
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W e d n e s d a y, J u l y 23, 2008
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Keep your finances well organized Whether you are 22 and just starting out or are close to retirement, you need to keep your finances well organized.
I
t is a mistake to think that making a lot of money ensures financial success. In fact, studies show it is easier to spend $1 million than $100, for the simple reason that you pay close attention to each dime if you only have a little money whereas a million can lull you into a false sense of security. While this is an extreme example, the idea is the same: You need to keep track of your net worth and have a good plan for the future.
Alicia on “Break It Down”: Dealing with your finances can seem overwhelming because there are so many huge questions to answer: When are you planning to retire? How much do you need to live on when you retire? Can you afford to send your children to private colleges? Is it a good time to have another baby? How much cash should you keep on hand for a rainy day? Such questions can cause "organizational inertia," or an overwhelming sense of paralysis. It's easy to see why! It isn't always obvious how you can stretch your paychecks across living expenses and long-term savings. The best cure for this inertia isn't burying your head in the sand, but rather
breaking the big problems down into smaller, digestible pieces.
Sarah on “Prioritize”:
week, to pay bills. Note it on your calendar. It may seem extreme, but making that appointment will keep you on the straight and narrow.
Very few people have the financial luxury of being able to do it all. For the rest of us, probably the most critical component for financial success is the ability to prioritize. What you choose not to do with your money makes it possible for you to accomplish what really matters. Of course, that is easier said than done. If you can't decide what not to do with your money, ask for help. A financial adviser can be a tremendous help when it comes to articulating priorities and setting goals.
2. Keep a scorecard. Synopsize your total financial picture once a year. It needs to include everything: what you made, what your investments are and what they produced, and what you think you will make next year. This will help ensure that you are on track. Keep these yearly summaries so you can compare where you wanted to be versus where you are. This can also help you understand when you might need to change direction in one or more areas of your financial plan.
Here are some other helpful hints to help point you toward success. 1. Pay attention to details. What may seem like small potatoes today can have a significant impact over time. One late bill can cost $30 or more in unnecessary fees and/or higher interest rates because of your irregular payment history. Stay on top of bills and financial statements by organizing your in box and switching to e-statements whenever possible. Designate a day and time each week, or every other
3. Your money or your life. Money is only one part of life and not even the most important. If you let it, money matters can consume your life. Remember to keep focused on the really important parts of life: family, home, happiness, love and whatever else is in your heart. Pursue long-term financial security, but never at the expense of your life. -by Sarah Welch and Alicia Rockmore Scripps Howard News Service File Photo
For a limited time, Buy an Element Townhome & receive a Honda Element for FREE*
89505
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ish
Pk
w y
*Promotion ends August 2nd, 2008. Offer not valid in conjunction with any other promotional offers. Only available for select homes with full price offers. Other restrictions may apply. See site agent for details.
m am
Open Daily 10-6pm
Redmond Way S ake W. L
2 bed, 2 bath plus loft townhomes from $379,900
15235 NE 81st Way, Redmond, WA
b e l l e v u e R E A L E S TAT E r e v i e w
W e d n e s d a y, J u l y 23, 2008
5
Keep your finances well organized Whether you are 22 and just starting out or are close to retirement, you need to keep your finances well organized.
I
t is a mistake to think that making a lot of money ensures financial success. In fact, studies show it is easier to spend $1 million than $100, for the simple reason that you pay close attention to each dime if you only have a little money whereas a million can lull you into a false sense of security. While this is an extreme example, the idea is the same: You need to keep track of your net worth and have a good plan for the future.
Alicia on “Break It Down”: Dealing with your finances can seem overwhelming because there are so many huge questions to answer: When are you planning to retire? How much do you need to live on when you retire? Can you afford to send your children to private colleges? Is it a good time to have another baby? How much cash should you keep on hand for a rainy day? Such questions can cause "organizational inertia," or an overwhelming sense of paralysis. It's easy to see why! It isn't always obvious how you can stretch your paychecks across living expenses and long-term savings. The best cure for this inertia isn't burying your head in the sand, but rather
breaking the big problems down into smaller, digestible pieces.
Sarah on “Prioritize”:
week, to pay bills. Note it on your calendar. It may seem extreme, but making that appointment will keep you on the straight and narrow.
Very few people have the financial luxury of being able to do it all. For the rest of us, probably the most critical component for financial success is the ability to prioritize. What you choose not to do with your money makes it possible for you to accomplish what really matters. Of course, that is easier said than done. If you can't decide what not to do with your money, ask for help. A financial adviser can be a tremendous help when it comes to articulating priorities and setting goals.
2. Keep a scorecard. Synopsize your total financial picture once a year. It needs to include everything: what you made, what your investments are and what they produced, and what you think you will make next year. This will help ensure that you are on track. Keep these yearly summaries so you can compare where you wanted to be versus where you are. This can also help you understand when you might need to change direction in one or more areas of your financial plan.
Here are some other helpful hints to help point you toward success. 1. Pay attention to details. What may seem like small potatoes today can have a significant impact over time. One late bill can cost $30 or more in unnecessary fees and/or higher interest rates because of your irregular payment history. Stay on top of bills and financial statements by organizing your in box and switching to e-statements whenever possible. Designate a day and time each week, or every other
3. Your money or your life. Money is only one part of life and not even the most important. If you let it, money matters can consume your life. Remember to keep focused on the really important parts of life: family, home, happiness, love and whatever else is in your heart. Pursue long-term financial security, but never at the expense of your life. -by Sarah Welch and Alicia Rockmore Scripps Howard News Service File Photo
For a limited time, Buy an Element Townhome & receive a Honda Element for FREE*
89505
am
ish
Pk
w y
*Promotion ends August 2nd, 2008. Offer not valid in conjunction with any other promotional offers. Only available for select homes with full price offers. Other restrictions may apply. See site agent for details.
m am
Open Daily 10-6pm
Redmond Way S ake W. L
2 bed, 2 bath plus loft townhomes from $379,900
15235 NE 81st Way, Redmond, WA
6
b e l l e v u e R E A L E S TAT E r e v i e w
W e d n e s d a y, J u l y 23, 2008
SPOTLIGHT HOMES Enjoying this view from your Fabulous 7,000 Sq Ft Custom Built Home, $2,795,000 The occasional interruptions from local eagles, elk and deer… Priceless! 40 Minutes to Seattle MLS # 27195843 Si View Estate-Nearly completed. Scott Mallard 206-261-4669 scottm@trustmadison.com
97363
360-581-3399
Resort Semiahmoo Condo Blowout
wesportmike@windermere.com
➤ WESTPORT Beachy Lot - Level and ready to build with city utilities and located next to Cohasset Beach... a new high end residential development in Westport. Beach access and great neighbors makes this a great value and a wonderful place to build your beach home in the future. Only $359,000. See more at www.westportmike.com/28069071
OPEN HOUSE THIS WEEKEND! Dramatic price reduction on the last of these brand new fairway patio homes, 2 bed/den, vaulted ceiling, gourmet granite kitchens, “spa” baths, two car garage. This is the best price for new construction we have seen in years!
WESTPORT Beach Cottage - Charming 2 Bdrm home with ➤ private walking access to beach and very private yard. Low maintenance and unique design in a great location. $239,000. See more at www.westportmike.com/28016899
93344
Three homes at $429,000 - one at $459,000.
360.224.5100
chuckocchiogrosso@msn.com
w w w. S e m i a h m o o L i v i n g . c o m
$889,950 RedMond
Sarah Jullion
425.736.2203
s.jullion@comcast.net
Bedrm: 4 Bath: 2.75 SF: 3,510
MLS: 28110140
4 bedroom plus den home that includes a generator for power outages, in-ground pool, security system, hardwood floors, vaulted ceilings, Jacuzzi bath and shower in master bathroom and gorgeous designer touches. The home has 2 full baths in addition to the master bath, a 3 car garage, hot tub, gazebo, automatic sprinklers and a built-in dog kennel and is 10 minutes from Microsoft.
Beautifully updated & prime location set this home apart from the rest! New tile, carpet, new kitchen cabinet, granite & gorgeous oasis looking solarium/ din rm. Large family room opens to deck. 2 bd w/full bth in main level & 2 bd w/3/4 bth in basement. Located just minutes from I-90, 405 & short distance to downtown Bellevue, Seattle, Issaquah & Renton.
Scott Mallard 206.261.4669 scottm@trustmadison.com
MLS#28090216
Moyad Fadami
206-793-6636
A World of Possibilities can be had with this 4BD 2.5BA home. With it’s unique personality and many features. This home has an updated kitchen a remodeled master bedroom and 5 piece master bath with a jetted soaking tub and a gorgeous view of Lake Washington. The daylight basement has a possible MIL suite, and enough storage to make any avid shopper proud. Welcome home. Price is $880,800 • 3,200 sq ft. • 13,000 sq ft. lot Jackie Ramirez Coldwell Banker Bain 425-890-1141 jackieramirez@cbbain.com
15414 SE 6th Place, Bellevue 98007
26101 SE 166th St., Issaquah 98207
MLS#28096181
MLS#28110398
$524,154 • Updated 3 bdrm, 1.75 bath, 1667 s/ft rambler w/family room • East Bellevue w/great access to I90, 405, Microsoft • Landscaped backyard w/decking, firepit, hot tub • Master w/walk-in closet, new bath, door to backyard
93343
Scott Mallard 206.261.4669 scottm@trustmadison.com
17121 NE 130th ST.REDMOND,WA 98052
$549,900 • Creekside custom home on acre plus • 2480 s/ft, 3 bedrm, 2 bath, Bonus Room • Great Room design w/hardwoods & tile • Extensive cedar creekside decking • About 35 min. to Seattle, 30 min. to Bellevue 97270
6035 47TH AVE SW, Seattle Bedroom: 4 Bath: 2.5 MLS# 28080062 Gorgeous 2004 Merritt Construction! Open floor plan, stunning entry, maple floors & large dining room. Open kitchen has eating bar, nook, pantry, gas, granite & stainless appliances. Large master w/spacious walk-in closet & 5 piece master bath. Sound & Mt views! Beautifully landscaped & fully fenced. Gas Fireplace. Move-in, turn key condition. Great Seaview location! Just a few blocks to beach, sound and parks. Large detached 2 car garage, extra parking and paved alley access.
97362
97359
93341
$634,000 SEATTLE
Chuck Occhiogrosso Coldwell Banker Bellingham 97361
Mike Coverdale
Learn more at www.tourfactory.com/434430
93249
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W e d n e s d a y, J u l y 23, 2008
SPOTLIGHT HOMES Located in Lakemont’s Vuemont Meadows. Original owners have maintained to perfection. Traditional floorplan with 4 bedrooms, 2.5 baths, bonus room, main floor den and extra large upstairs laundry. Entertainers delight in the back yard with an oversize deck, gazebo with hot tub and sports court. Price: $ 949,950 MLS Number: 28061122 Type: Single Family
Year Built: 1989 Bedrooms: 4 Bathrooms: 2.5
www.listbuysusan.com
425-761-9500
List with me and be on the cover!
Calina at Kirkland! Exciting new presale of a Calina at Kirkland home! This will be built as a 5 bedroom, 4 bath, plus bonus room, with a bedroom and ž bath on the main floor. Large great room concept with all the craftsmanship and specs you would expect from West Tier Development. 3510 sq. ft.
$789,990
Commanding Silverleaf residence located on a quiet culdesac. With vaulted ceilings and an open floor plan, this is home that will provide the comfortable lifestyle you have been looking for!
Fabulous Find in Reintree Brazilian Oak Hardwood Flooring, custom wrapped beams, vaulted ceilings, new millwork & an open floor plan. This impeccably kept home has been completely remodeled & is much better than new. 4 bedroom, 2.75 bath and meandering gravel walkways lead you to 3 outdoor living room patio’s, a private hot tub area & much more. 2800 sq. ft MSL#28014039
Price: $ 1,149,950 MLS Number: 28117598 Type: Single Family
Year Built: 1999 Bedrooms: 4 Bathrooms: 3.5 97264
Wonderful Maywood Hills Beautiful custom tri-level near downtown Bothell. This spacious home sits on a gorgeous 11,402 sf flat lot, one of the absolute nicest in this highly recommended neighborhood. 3 bedroom 2.5 bath.
Duplex in Lynnwood “Attention investors -Fabulous opportunity to invest in Lynnwood.� 4.30% Cap Rate Call Cindy ASAP! MSL#28116625
$359,900
$424,900
$719,900
97262
DJOEZLPIVU!KPIOMTDPUU DPN
GET CASH BACK WHEN YOU BUY! 3%
OUR FEE
BUYER’S CASHBACK
$350,000
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$8,000
$550,000
$16,500
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$14,000
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$22,500
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Each commission is set by the seller. Buying Revolution is a program of NW Real Estate, Inc.
Sellers: Full Service for $2,500 Flat Fee
Call Rhonda Ender at 206-355-6864 rhonda@buyingrevolution.com
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Promote your property listings to over 190,000 Bellevue Reporter readers each month with an ad in “Spotlight Homes�. Reach the affluent Bellevue market with an average household income of $97,360 for just $180/month. Call 425-453-4273 to reserve your space.
97244
PURCHASE PRICE
97242 93254
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b e l l e v u e R E A L E S TAT E r e v i e w
W e d n e s d a y, J u l y 23, 2008
Mold overrated as a problem, but can compromise health
Q:
My wife and I are looking for a new home We found a foreclosed home that has been abandoned for probably close to a year. We understand that a previous sale of this home fell through due to mold. What does it take to remove mold from a vacant home?
Mold is overrated as a major problem, though that's not to say that it can't exasperate existing health problems. Here's what can be done if you discover mold in the accessible areas of the home: Cut out any mold found on drywall or sheetrock. If you can see mold growing on the finished side of the drywall, the back or unfinished side is probably much worse. Although plaster does not support the growth of mold, the paint, wallpaper and sealers used on the plaster will. Scrape and clean the surface of plastered walls. Lead-based paint will not support mold growth, but the oils and dirt that collect on the surface will. Therefore, the paint should be cleaned using a mild bleach
PAINT COLORS Continued from page 2
spent," says Judy StoneGaynor. The couple paid $400 for the service in 2002. "People don't know how to get at what they like," Schweitzer says. They can recognize a house that looks awful, but can't look at a well-done job and say why it looks so good. "One of the big problems is, they find a house they like and try to translate that to the colors of their house, and they aren't related (in style) at all." Sometimes the translation gets garbled because the proportion of body color differs so much from one house to another. A deep pumpkin might look great on a house with only 30 percent of the body color showing on the front of the house. But cover 80 percent of the front of the house in that color, and it'll look like the world's biggest jack-o'-lantern. Take pictures of your house and study them, he
and warm water wash. Do not sand or scrape lead-based paint as the lead will become airborne, which is a more serious health threat than the mold. Mold found on wood in the under-floor areas is common and probably would not affect the occupants of the home. To treat, use a bleach-and-water solution on mold in underfloor areas, then seal the wood with a "boat coat" or clear varnish sealer once the wood has dried. Same for the attic. Molds on wood are natural and are a part of the decay process, so look for and correct the sources of moisture that are contributing to the decay. An air conditioner is a dehumidifier, but if it has been left off while the
house was unoccupied, that may be why mold is present inside the home. Have the ductwork cleaned, including the interior cooling coil, coil box and fan. Remove any and all damp insulation in the walls, attic or under-floor areas. Use expanding foam in the under-floor and in the wall cavities. Use expanding foam or loose-fill fiberglass
MOLD
continued on page 9
Although this home suffered only minor exterior damage from Hurricane Katrina, small leaks and inadequate air flow permitted this mold infestation.
suggests. What percentage is the roof color, the body color, trim and accents? "Break down the pieces," Schweitzer says. Just as you shouldn't trust a paint chip, he says, don't base color selections on an online color visualizing program. Although it's great fun to "repaint" a house with a click of the mouse, the colors you see on your computer might not be true. Once the hard work of color selection is done -and before the first drop of paint is applied -- comes the even harder work of getting the surface ready for its transformation. "The most important thing when it comes to painting your home is the prep work that goes into it," says Schroeder of Dutch Boy Paints. "It doesn't matter what color you paint it if there's damage underneath and you don't take care of that." -By Ann Weber Scripps Howard News Service
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Convert ‘for sale’ into ‘sold’
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ormally I write about buying things. This week I'm writing about selling – your home that is. I'm saddened to see friends' homes linger on the real estate market when, with just a little effort, they could appeal to a wider audience. ust as a retailer needs to merchandise its goods effectively to attract buyers, so do home owners who are looking to sell. In real estate terms I'm talking about staging your home. If you're lucky to have a real estate agent with a sense of design, she may stage the home for you. If not, find a professional home stager at www. stagedhomes.com. Shop around and ask for referrals. The goal here is to not spend money on more things; find a stager who will work with what you already have or lend their own props to you. For tips on doing it yourself, I turned to two pros from the Comfort Council (www.comfortcouncil.com) a Web site offering design and living tips. Both Debbie Zimmer a color expert and Jami Lin who provides Feng Shui guidance agreed the most important thing is a buyer's first impression.
MOLD
continued from page 8 in the attics. Insulate the attic to an R-48 to save on energy costs. Insulate the walls if they are not already insulated. An R-13 or higher rating is preferred. Install storm doors and
Hoses and garbage cans should be out of sight. Paint the front door. The landscaping should be manicured. And "paint the area that the front door opens into," Zimmer says. I was hoping to find a Feng Shui cure for homes that won't sell but it's not magic; rather one of the most basic principles of Feng Shui is that decluttering improves the flow of energy or chi. Think your home is clutter free? Think again. Visit a homebuilder's model home in your area and see how yours compares. Even if you think it is nondescript, don't make assumptions. The more vanilla you can make a space the better it can be." Vanilla is just the term to describe an interior, which will appeal to the largest segment of buyers. Whites, beige, creams, allow buyers to picture their own furniture and style in the room. low-E replacement windows. Seal all air leaks to the interior of the home. When the drywall has been removed and wall cavities are exposed, seal all four sides of the cavity where the wood studs meet the exterior sheeting with silicone caulk.
Tips to staging your own home: • First impressions count: Make sure the front yard and entry are impeccable. • Color matters: If you can invest in one change, paint the interior in a neutral color. • The nose knows: The only smell in your home should be a pleasantly scented candle burning. • Pull up the rugs: Area, hall, kitchen and bath rugs. It makes any room look bigger. • One item per surface: Lin's rule of thumb is one display item per horizontal surface, like a counter or table. By Helen Malani Scripps Howard News Service File Photo
Remember: Mold requires moisture, warmth and a food source to survive. Remove any one of the three and the mold will go dormant. May I suggest you have the home inspected by a professional inspector, one listed with the American
Society of Home Inspectors (ASHI), or have the home rated by an Energy Star rater before and after the work has been completed. By Dwight Barnett Scripps Howard News Service
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Real Estate Sales in Bellevue, WA: July 1, 2008 - July 14, 2008
Residential Housing in 98004
733 NE 96th Ave . . . . . . . . . . . . . $799,000 3231 111th Ave SE . . . . . . . . . .$1,175,000 9013 NE 37th Pl . . . . . . . . . . . .$1,595,000 1311 108th Ave NE . . . . . . . . . .$2,389,000 10202 SE 28th St . . . . . . . . . . .$2,295,000 Residential Housing in 98005
140th Ave NE . . . . . . . . . . . . . .$1,095,000 Residential Housing in 98006
5248 122 Pl SE . . . . . . . . . . . . . . $499,950 4939 127th Pl SE . . . . . . . . . . . . $575,000 14647 SE 66th St . . . . . . . . . . . . $799,950 15303 SE 58th St . . . . . . . . . . .$1,395,000 Residential Housing in 98007
14427 SE 14th St . . . . . . . . . . . . $365,000 14080 NE 40 St . . . . . . . . . . . . . . $799,500 Residential Housing in 98008
164th Ave SE. . . . . . . . . . . . . . . . $399,000
16138 NE 15th . . . . . . . . . . . . . . $415,000 16421 NE 12th St . . . . . . . . . . . . $469,900 405 166th Ave NE . . . . . . . . . . . . $507,000 16608 NE 9th St . . . . . . . . . . . . . $499,950 222 167th Pl NE . . . . . . . . . . . . . $499,000 16030 NE 27th St . . . . . . . . . . . . $499,999 1020 170th Pl NE . . . . . . . . . . . . $500,000 17020 NE 18th St . . . . . . . . . . . . $509,950 1313 158th Pl SE . . . . . . . . . . . . $519,950 1004 179 Pl NE . . . . . . . . . . . . . . $599,950 Residential Housing in 98009
2039 78th Ave NE . . . . . . . . . . .$1,999,900 Residential Housing Averages AVG. List Price: $883,417 AVG Sold Price: $839,773 Cumulative Days on Market: 91 Condos/Townhomes in 98004
650 Bellevue Way NE . . . . . . .$1,650,000 Condos/Townhomes in 98005
713 122 Ave NE . . . . . . . . . . . . . $249,000 Condos/Townhomes in 98006
12303 SE 60th St . . . . . . . . . . . . $250,000 6603 113th Pl SE. . . . . . . . . . . . . $445,000 Condos/Townhomes in 98007
14620 NE 31st St . . . . . . . . . . . . $209,900 14620 NE 31st st . . . . . . . . . . . . . $214,950 Condos/Townhomes in 98008
15869 Northup Way . . . . . . . . . . $499,950 Condos/Townhomes Averages AVG List Price: $568,756 AVG Sale Price: $559,278 Cumulative Days on Market (CDOM): 61
1260 Bellevue Way NE . . . . . . . . $400,000 10047 Main St . . . . . . . . . . . . . .$1,200,000
Good design in a small space
in the outdoors, I added two big mu- over the table in the dining area and Now they have a tiny rural oasis smack rals: one of a forest for the living room, the seating area. dab in the middle of a loud, busy city. and one in a river-rock pattern for the With a few final accents and acces- How divine! dining room. sories, this space was complete. By I then got started on dividing the combining space-saving techniques –by Candice Olson space into two zones: the dining area and a host of natural elements, I gave Scripps Howard News Service and the living area. There wasn't much the couple the condo of their dreams. room for a dining table and chairs, so I had to get creative. Because this room is all about nature, I added a rustic element by using hardwood-flooring materials to create a dining-room table. For seating, I installed two striped chairs – in nature-inspired tones of Andy and Melinda needed their new space to incorporate their work and hobbies. rust, bark and moss – and a long photo courtesy HGTV brown bench against the wall. Behind the table, I gave Andy and ndy and Melinda just bought and moved into their first home: Melinda the storage and display space a new, 700-square-foot condomini- they needed, but I did it with flair. I um in the city. While it might sound installed a cool, wall-hung fireplace small, it's certainly a big increase from that burns ethanol, put the river-rock the 400-square-foot apartment they mural above it and then flanked the were renting. They thought the extra fireplace with two long cabinets with room would make a huge difference, mirror backing and glass shelves and By combining space-saving techniques and a host of natural elements, Andy and Melinda now but once they moved in they found doors. In the living room, I put up the forest have the condo of their dreams. the unit a bit claustrophobic and didn't photo courtesy HGTV mural and put in a beautiful, large Lknow how to maximize the space. Aside from needing extra elbow- shaped sectional upholstered in spicy room in their long, narrow living and red fabric. I added some woodendining rooms, they wanted these adja- block coffee tables, laid a brown suede cent spaces to incorporate their work rug on the floor and even covered up and hobbies. Melinda often works at an ugly air-conditioning vent with a home as a personal trainer and regis- soothing waterfall display. " - " ( -" For the windows, I chose a stonetered massage therapist, so she wanted , $ -)" ( "(# !" % & " #) the space to be relaxing and peaceful; colored chenille fabric and naturally
" "$ -# " - " -"( Andy is an outdoorsman and wanted woven blinds. I used the same fabric & '''" " + & " - ( on the door leading to the condo's - " -' it to reflect his great love of nature. -#)"( " " ( -$ ( So I geared up to make this condo small balcony, where I added a small ( (," #)" *" ( "!( look and feel larger than it was, add el- table and chairs and wooden deck tile $ #" !"!( "#- " ( -"( ements of the outdoors and give these flooring. , -", (,- - " " ) $( # ''
To lighten up the whole space, I innew homeowners the most bang for stalled puck lights in the bulkhead to their design buck. ! " " I started by painting the whole space accentuate the murals, put up 16 feet in a gorgeous shade of stone. To bring of track lighting down the length of $ $ $ $$ # the space and added pendant lighting
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$ $ $ #
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Create a stairway to heaven in your new dream home
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on't you just love TV makeover shows where they completely transform a Plain Jane into a beauty queen? The pros see her potential and bring it out using a few tricks of the trade. Now you can do the same thing in what, for many, is the most Plain Jane spot in the house: the front stairway.
D
on't you just love TV makeover shows where they completely transform a Plain Jane into a beauty queen? The pros see her potential and bring it out using a few tricks of the trade. Now you can do the same thing in what, for many, is the most Plain Jane spot in the house: the front stairway. Even though this special space has the potential to dazzle everyone who walks through your door, most people aren't sure how to dress it up so it shines. So here are a few insider tips you can use to turn your stairway into a stunning focal point.
Create a Grand Gallery When people want to decorate their front stairways, often their first inclination is to find furniture that will give the space personality. I agree that the right furniture is essential, but it shouldn't be your first step. Instead, you should fill those miles of bare walls with the kind of color, texture and intrigue you can get only through a gallery of killer artwork. Great galleries don't happen overnight. They must evolve over time,
piece by piece. When I decided to liven up my entry with a mosaic of art, I started with one painting, then, through the years, slowly added pieces, some large and impressive, others small and unassuming. When you're beginning your stairwell gallery, hang a painting or a cluster of artwork in the center of the space, then let the montage spread outward through the years. Or start with two separate paintings or clusters, one at the top of the stairs and one at the bottom; then, over time, let them meet in the middle. Make sure the look of your gallery reflects your personality and style. You could go for a wild mix of pieces in dissimilar styles, shapes and sizes, like I have in my home. Or you might prefer a grid of thematic artwork in matching frames. You might even opt for one large piece that's impressive enough to stand alone.
ing a nice level spot about the size of a dinner plate where I can rest a tray or platter to use as a base for my creations. When we hosted our daughter Kelly's wedding in our foyer, I put my favorite silver tray atop the newel post, then topped it with a bouquet of flowers and an ornate silver candelabra. Through the years, I've decorated my newel post with an array of doodads, like a hurricane filled with fallen branches, a lantern surrounded by seasonal flowers or an urn loaded with gourds. If you don't have a flat newel post, you can achieve the same effect by placing a tall, thin table or plant stand at the end of your banister. Then, make sure whatever you display there matches the scale of the room. If the area is tall and grand, the newel-post display must be, too.
Beautiful Banisters and Super Stairs If you're hosting a special event, you can also dress up your banisters. For Kelly's wedding, we cascaded fresh boxwood garland from the banisters. And during the holidays, I loop the banisters with faux pine garland. Since decorating banisters takes a lot of work and expense, I do it only for special occasions or during the holidays, when the display can stay put for weeks. Finally, if you want to add more spark to your stairs, place a lantern every few steps, or dot each step with a cluster of battery-operated votive candles. In the fall, I sometimes march white pumpkins up the steps to give my formal home a bit of whimsy. By Mary Carol Garrity Scripps Howard News Service
The Jewel of the Newel One of my favorite ways to spice up my front stairwell is to create dramatic displays on the banister newel post. My banister curves at the end, creat-
Beth’s Real Estate Update By Beth Billington
KeeP Your CredIT CArdS, BooST Your CredIT SCore An expert on the subject, Liz Pulliam Weston, says it plainly. “If your goal is to improve your credit score, don’t close any of your current accounts. Closing credit cards and other revolving accounts can never help your score, and it might actually hurt it.” Three simple points: First, if you close accounts without actually reducing the amount of debt you have, the ratio of the amount of debt you have to the amount of debt your credit cards qualify you for goes up. As a result, your credit score can go down. Second, if you close out old accounts, it makes your credit history look younger. The older your credit records are, the more your credit score likes them.
Third, your credit score looks most fondly on accounts in which you keep the ratio between how much you’ve owed and how much you can borrow relatively low…but it also likes to see regular activity in those accounts, however small. This is counter-intuitive to many of us who assume that we should lower the number of credit cards we have, getting rid of—and not using—as many cards as possible. But remember that the credit report seeks to measure how well you’ve borrowed and repaid on your credit cards and other accounts. For more information call Beth at 425-450-5208 and visit her website at www.bethbillington.com. Beth Billington is a realtor® with Coldwell Banker Bain in Bellevue, WA
Photo by Bryan E. McCay
PAID ADVERTISEMENT 90305
Your stairway doesn't need to be just a dull passageway. Make it the focal point of your home with amazing art and interesting seasonal accents.
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Where will she hold her slumber parties?
E XC LUSI V ELY PR ESE N T ED BY
Windermere Real Estate featured home of the week
Shingled, stone pillared, covered “rocking chair” front porch creates a charming setting for this tastefully updated 4 bedroom, 3.5 bath home. Living large, the functional floor plan offers a sunny and bright kitchen featuring granite countertops, stainless appliances, large eating space, adjoining family room with slate fireplace and built-ins. The private backyard with playhouse has a large lawn, entertaining deck and is fully fenced for safe play. The location is exceptional, between Medina School and Park. MLS# 28105001.
Timeless Design
$1,825,000
As a trusted specialist in West Bellevue real estate, no one understands the intricacies of this highly coveted area better than Wendy Paisley. With over 15 years of experience in the Bellevue real estate market, Wendy’s endless energy, adept negotiating & savvy marketing ensure that you will receive the best price for your home. Her long time connection to the communities she serves is far-reaching. To learn more about Wendy & her Wendy Paisley listings, please visit www.wendypaisley.com.
206-650-5812
Wendy@wendypaisley.com www.wendypaisley.com
CLYDE HILL NEW CONSTRUCTION
$3,498,000
Brand new Lochwood-Lozier custom home. Ready in August. Secluded half-acre homesite. Exquisite custom craftsmanship w/every modern convenience. Graceful floorplan, rich interior & exterior finishes, private outdoor venues. 5 BR/5.5 BA. MLS#28010726
Steve Erickson 206-295-8485 serickson@windermere.com
ISSAQUAH-CLOSE IN
Mary Ann Currie 206-954-2422
PHANTOM LAKE $899,950 “Location, location, location! Home is close to Microsoft, Phantom Lake Swim & Tennis Club, freeway access, and great schools. This Northwest Contemporary boasts a gourmet kitchen with slab granite, stained oak floors, stainless steel Sub Zero, Viking and Bosch appliances. Plantation style shutters accent your windows throughout the home. MLS#28113042 Justin Richards 425-765-8088 RichardsNorthwest.com justinrichards@windermere.com
Nate Short 425-891-5842
www.MRCLYDEHILL.com
Mary Ann Currie 206-954-2422 www.macurrie.com
$1,175,000
A peaceful, private, 4 acre estate designed by an artist and updated for today’s lifestyle with elegance and flair; a perfect environment for indoor and outdoor entertaining. One of a kind property set in the center of beautiful woods surrounded by professionally landscaped grounds, showcasing rhododendrons, walking paths and pond. The two-story guest house is perfect for extended family, home business, or guests. Within walking distance to shopping, restaurants, recreation and five minutes to I-90.
ENATAI
macurrie.comcom
$2,795,000
An urban lodge retreat where the city views, lifestyle flexibility, style and amazing outdoor living spaces are guaranteed to exceed all expectations. From Limestone columns to Ceramic Porcelain floors to the Cedar Timber Truss vaulted ceiling, indulge in this unparalleled lifestyle. Luxurious main floor master suite, 3 additional bedrooms, 4 baths, bonus room, office, flex room, reading loft, and meticulous gourmet cook’s kitchen – you’ll be sure to find room for every need with amenities around every corner. MLS# 28037927 Julie Scozzafave 425-417-3566 Julie@Scozzafave.com
John Kritsonis 206-498-0288
johnk@windermere.com www.johnkritsonis.com
Julie Scozzafave 425-417-3566
Julie@Scozzafave.com
9516 NE 31st St, Clyde Hill 98004 $4,395,000 Excellence is hard to achieve but easy to recognize. Regency West presents Hampton’s Knoll; an extraordinary residence in their Signature Series of homes which features architecture, craftsmanship & finishes usually seen only in the finest custom estates. Walls of exquisite vanilla toned millwork soften dramatic spaces. The outdoor covered area with handsome fireplace and built in BBQ offers memories in the making. Located on expansive Clyde Hill grounds, you’ll find true stone, copper, elaborate artistry, effortless elegance & abundant spaces. Truly one of the finest. MLS# 280902100
Anna Riley 425-761-8836
anna@westbellevue.com
BEAUTIFUL 4 BD/3.25 BATH& SPORT COUTH $1,669,000 Situated in a quiet cove along the shores of Lake Sammamish you will enjoy 60 feet +/- of sandy waterfront. This lovely and bright home located in Weber Point includes aloft den/ office, a sport court, BBQ pit & large deck forentertaining. The professionally landscaped yard is all organic and has native Northwest plants. Plenty of room for extra parking, boat storage, etc…on dead end cul-de-sac. MLS# 28114453 John Kritsonis 206-498-0288 www.johnkritsonis.com johnk@windermere.com
Julia Krill 206-406-9000 www.juliakrill.com
windermere.com
Steve Erickson 206-295-8485
serickson@windermere.com
WEST LAKE SAMMAMISH $699,800 Peaceful, Private & Perfect! Open floor plan and an ideal location welcome you to this 2500+ SF remodeled home. Stunning kitchen remodel features cherry floors, Maple cabinets, large island…a modern flair & designed for entertaining! Serene backyard offers a stone patio, deck & tree fort, it feels like your own private park. Newer Roof, Windows, Furnace & A/C. Close to parks, schools & I-90. MLS#28051744 Julia Krill 206-406-9000 www.juliakrill.com
WHIDBEY ISLAND RETREAT
$995,000
Superb craftsmanship shows in this custom built craftsman style home overlooking Holmes Harbor. Designed to maximize the view from every active living area, the home feels warm and cheery. Brazilian cherry floors, travertine tile, 3 fireplaces, granite, and beautiful cabinetry. 1470+/- sq ft separate living area can accommodate extra family members or guests, or used as a multi-purpose area. Large deck for gracious outdoor entertaining. Close to Freeland for ease of shopping. MLS # 28045085
Call Nate Short, 425-891-5842 www.mrclydehill.com
Anna Riley 425-761-8836
anna@westbellevue.com
Justin W. Richards 425-765-8088
justinrichards@eindermere.com www.RichardsNorthwest.com
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