& news QueenAnne&Magnolia news Home & Real Estate QueenAnne&Magnolia news Offer review dates
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when selling a home: What is the reasoning behind this? If you are planning with buyers also and to sell your home, many of them work or are in the market long hours making it to buy, you are likely difficult for them to familiar with the visit a property right concept of the offer away. Once they have review date. For those seen the property, and not familiar, the offer decide it is one on review date refers to which they would like Ken Graff to submit an offer, it the practice of placing a property on the may be necessary to CB BAIN market, but waiting a do a pre-inspection (as REAL ESTATE set period, often one opposed to making week, before reviewing the offer subject to any offers on the property. an inspection contingency). If More often than not, I advise there is time before offers are my selling clients to use the due, I can line up a qualified offer review date strategy. inspector or inspectors, giving In my experience, it is best my clients the opportunity to to expose properties to the thoroughly investigate the market for at least one week to property to their satisfaction allow as many potential buyers prior to submitting an offer. to see it (online, in person or When advising my selling both) as possible. I do high clients, I emphasize the quality photos and video for desirability of the “clean my listings and I use a service break” from the buyer. An offer to push my listings to multiple from a buyer that has done a websites. There can be a lag thorough investigation of a time of two or more days on property, or can do so after many websites, something offer acceptance, is much beyond my control, from the more likely to facilitate the time I make the listing active clean break as opposed to an until the time it appears on offer that blindly waives the some websites. To ensure as right to do an inspection. many eyes as possible see It should be noted that just “the product”, waiting to because an offer review date review offers allows maximum is given on a listing, the seller internet exposure. The same is not obligated to stick to that holds true for allowing as many date. It isn’t uncommon for people as possible to tour the me to see listings go pending home, and to give them time before their stated offer to do their due diligence prior review date. Someone comes to submitting an offer. I work along with an “offer they can’t
refuse”, and the seller decides to accept. It is the seller’s property and they have the right to do this. I recommend to sellers to stick to their stated date of offer review, but of course that isn’t my decision to make. I have listed many properties in Queen Anne and Magnolia that have received multiple offers on the date of offer review. In several cases my sellers have received offers prior to the offer review date, or I have been approached by buyer’s agents asking if my sellers would be open to an early offer. It usually is some variation on this; buyers will make an aggressive offer, and state that it must be accepted prior to the offer review date or they will not submit the same offer on the date of offer review. In my experience, this is usually a bluff. A recent Magnolia listing of mine had 14 offers on the date of offer review. Despite my telling buyer’s agents, at the instruction of the sellers, that they would not entertain early offers, 3 offers came in prior to the date of offer review. While all three were terrific offers, my sellers would have accepted an offer less desirable to them had they accepted any one of them. All three parties then submitted offers on the offer review date, and none was as ➧ SELLING Page R4
May Homes Sales in Magnolia Address
Bed
Bath
Sq Ft
Year Built
407 Halladay St 2508 13th Ave W
4 4
2.5 1.75
2,860 2,394
214 W Howe St 1020 W Ruffner St 4 W Lee St 1633 6th Ave W 1622 9th Ave W 3021 13th Ave W 502 Crockett St 403 W Comstock St
3 4 2 4 4 5 3 5
1.5 3.5 2.5 2.5 3.0 4.0 2.5 4.0
2,602 3,590 2,131 2,510 3,190 4,790 3,700 5,148
Original Price
List Price
1914 1905
Days on Mkt 7 11
$1,098,000 $1,150,000
$1,098,000 $1,150,000
1904 2006 2006 1904 1900 2007 1921 1909
7 1 6 7 14 6 7 2
$995,000 $1,250,000 $1,395,000 $1,298,000 $1,590,000 $1,395,000 $1,595,000 $3,585,000
$995,000 $1,250,000 $1,395,000 $1,298,000 $1,590,000 $1,395,000 $1,595,000 $3,585,000
Sold Price $1,130,000 $1,200,000 $1,250,000 $1,325,000 $1,400,000 $1,460,000 $1,554,665 $1,555,000 $1,575,000 $3,700,000
Information supplied by Northwest Multiple Listing Service
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What to do to stop unwanted phone calls (StatePoint) Whether you use a landline, mobile phone or both, you’ve likely received those pesky robocalls -- phone calls that use a computerized auto-dialer to deliver a prerecorded message. As a consumer, here is what to know about this common annoyance to your home or personal line. • Robocalls are often illegal. However, keep in mind that some robocalls are permitted, such as companies you have done business with under certain circumstances, medical appointment confirmations and school closing calls. Political and charitable calls are among others that also may be allowed, along with banks and telephone companies, provided those companies make the calls themselves. Remember, many robocalls illegally disguise, or “spoof,” their Caller ID information or violate other rules. • Advocates are (c) auremar - Fotolia.com working to mitigate the problem. For example, NTCA–The Rural Broadband Association and its members of more than 800 independent, community-based telecommunications companies are working to provide information to the Federal Communications Commission (FCC) Robocall Strike Force to further develop and implement solutions to detect, assess and stop unwanted calls from reaching customers. • Never respond to a robocall. The Federal Trade Commission (FTC) recommends that if you receive a robocall, simply hang up. They also warn consumers not to press any number to speak to a live operator or to unsubscribe from the list, as this will tell the robocaller that it’s reached a live number. • Don’t give out personal information: If you receive an unsolicited call from any company, including one you do business with, tell them that you will not give them information ➧ PHONE Page R4
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Queen Anne & Magnolia News: Home & Real Estate Section
June 14, 2017 | www.QueenAnneNews.com
How a Chinese investment crackdown could affect Seattle home prices
(c) Galyna Andrushko - Fotolia.com
Great outdoors month:
Tips to make the most of your next adventure (StatePoint) Spending time enjoying nature is good for the body and mind, helping to reduce stress, increase focus and provide opportunities for physical activity, say studies. Unfortunately, our busy schedules sometimes don’t allow us to get outside as often as we would like. Great Outdoors Month, celebrated in June, is an excellent opportunity to go on an outdoor adventure. As you make your plans and enact them, consider these tips for making the most of your trip.
Get Informed
Visiting a new place? Learn more about the area, investigating its natural and social histories before you hit the trail, river route or campsite. You’ll be more likely to identify rock types and plant and animal species with a bit of knowledge. This can also help you understand and appreciate what you are experiencing with greater depth.
Use Tech Tools
New tech gear is augmenting the outdoor experience for both casual adventurers and hardcore enthusiasts. For example, the Smart Outdoor Watch WSD-F20 from Casio has a rugged build, low power consumption GPS, is water resistant and features dedicated apps for outdoor
activities. If downloaded prior to your journey, full color maps can be used offline. And because it offers a range of tools that can be used independent of your smartphone, including an altimeter, barometer, thermometer and compass, it frees up users to fully enjoy their adventures. Other features include a Location Memory app, which enables you to customize maps with markers and text so you can revisit otherwise unmarked spots, such as a great viewpoint or fishing spot.
Be Prepared
It’s hard to be at one with nature when nature itself is making you miserable. So be prepared for all kinds of weather and climate conditions. If you are camping, patch or replace tents that are worn or torn and bring a tarp for extra protection. Check the weather report for temperature, precipitation and other factors and pack the proper clothing and sleeping bag accordingly. Make sure socks and shoes or hiking boots are in good shape so that long hikes don’t cause you any undue pain. And of course, don’t leave civilization without a first aid kit, water, sunscreen and insect repellent. With a bit of extra preparation, you can take your outdoor adventures higher and farther than ever before.
In China, a new millionaire is created every 30 seconds. Because of demand for houses there, the price of real estate in China has soared. As a result, Chinese investors have flooded major housing markets including Vancouver, British Columbia, New York City, Los Angeles and, more recently, Seattle. Mainland Chinese have emerged as a major force in the global real estate market in recent years. Chinese investors overtook Canadians to become the biggest foreign buyers of U.S. homes in 2015, spending a total of $28.5 billion. Chinese money now funds about 55 percent of all foreign home purchases in Washington state, according to the National Association of Realtors. Seattle is now the No. 1 U.S. market for Chinese homebuyers, according to the
Ray Akers ASK RAY ABOUT REAL ESTATE Seattle Times. By comparison, real estate in the Pacific Northwest region is a bargain for Chinese investors. They can sell one condominium in their home country and afford two single-family homes here, according to a recent article by CNN Money. Most of those purchases are happening in wealthier suburbs on the Eastside, targeting homes priced more than $1.2 million. Neighborhoods in Bellevue,
Medina, and Mercer Island have seen home prices skyrocket 125 percent in the past five years — twice as fast as the rest of King County, according to the Northwest Multiple Listing Service. Looking to Vancouver, British Columbia, as an example, home prices rose almost 18 percent in 2016. Home prices in the Fraser Valley, long considered an affordable alternative to pricey Vancouver, rose 27 percent in 2016. Feeling the pressure, provincial leaders implemented a 15 percent foreign-buyer tax last August. As a result, December home sales in Vancouver were down 39.4 percent from a year earlier, according to the Real Estate Board of Greater Vancouver. Economists predict Vancouver sales will ➧ CHINESE Page R5
Scrumptious food and Rosé wine pairings (StatePoint) A good rosé wine is evocative of beautiful days dining outdoors, although it’s increasingly being enjoyed year-round. And if you love this pink treat, you are in good company, as French rosé wine purchases in the US were up by over 77 percent in 2016. While rosé is refreshing on its own, you can elevate your experience by picking a great, affordable bottle and refreshing food pairings to match. Start by selecting a delicious highquality wine that is food-friendly—such as the one from Maison Louis Jadot, the number one selling French wine in America. They just launched a rosé nationwide in the US: the Jadot Rosé 2016. With its uniquely aromatic complexity and vibrant red fruit, notes of wild strawberry and fresh crisp acidity, it is a nice accompaniment to these food pairing ideas from NYC-area based Sommelier, Chantelle Pabros, who is also sharing tasting notes for each selection. And at a price point of $13.99, is a great value for everyday enjoyment! • Prosciutto di Parma and Charcuterie: “The glossy, buttery texture of the prosciutto couldn’t be a better match for rosé in terms of texture, and the cured meats brings out the red fruits -- wild strawberries and golden raspberries.” • Mussels, White wine, parsley, garlic, and a baguette: “The minerality of the rosé shines with the mouthwatering broth and steamed mussels. The acidity also comes into play perfectly.” • A simple mixed salad: Include thinly sliced shallots, a vinaigrette of Dijon mustard, lemon juice, aged balsamic vinegar, E.V.O.O, Maldon salt and pepper. “The pop of the vinaigrette is what makes this pairing work. When the shallots have a chance to marinate in the dressing it gives incredible flavor to the salad. The rosé won’t be overpowered by the vinaigrette either. It balances well.” • Pan Roasted Cod: “I found a beautiful
(c) Alexa MacKinnon piece of cod at the market, which I pan roasted with lemon zest, thyme, butter, fleur de sel, pepper. Flaky and perfectly cooked, this was the best pairing by far. The rosé took on a juicy, crisp dimension, almost like biting into a luscious plum.” Jadot Rosé can also be served with a fuller-flavored fish with a richer sauce, such as mushroom and herbs; the wine would still stand up to it. Pabros also notes that you can serve this wine with quail, soy flavors, or even spices if properly balanced. In the mood for something else? Consider the crisp, fruit-forward Jadot BeaujolaisVillages alongside light red meats and grilled or roasted white meats, or enjoy the floral, apple and citrus aromas of Macon-Villages with poultry, shellfish, grilled swordfish and salads. Take your seasonal dining to the next level with delicious food and wine pairings that take advantage of the flavors and textures of both elements.
Queen Anne & Magnolia News: Home & Real Estate Section
www.QueenAnneNews.com | June 14, 2017
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ROANOKE PARK $1,349,000
WASHINGTON PARK WATERFRONT $12,850,000
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Robocall facts ➧ PHONE, from Page R1
offer products or services that help you control what calls ring on your phones. They range from mobile apps for wireless phones to devices you can plug into your home phone jacks in order to block robocalls to your wireless phone.
until you verify the call is legitimate. Then, call the phone number you know or that you get from the company’s website to confirm. • Ask your phone company to block the number. Your carrier may be able to block certain numbers, although robocallers frequently change and disguise their numbers. • You can use technology to block calls. Various companies
The FTC encourages consumers to report unwanted calls to www.donotcall.gov or 1-888-382-1222. Complaints may also be filed with the FCC
online or 1-888-CALL-FCC (1888-225-5322). More information can be found at ntca.org/robocalls and fcc.gov/consumers/ guides. As a consumer, you have more power than you may realize to control who calls you and when. Thanks to new resources, you can take concrete steps to help put a stop to robocalls.
LOCAL AGENTS
with a Queen Anne + Magnolia Focus
Offer review date, continued ➧ SELLING, from Page R1 compelling to the sellers as the offer ultimately accepted. There are times where not using the offer review date strategy may make sense. If a property is likely to appeal to a small group of buyers, then allowing immediate offers may be advisable. Each property should be reviewed by a wellqualified real estate broker to present strategic options to sellers. This is not one size fits all proposition. For example, properties in the top 10% of the market ($2,225,000 in 98109, $1,850,000 in 98119 and $1,700,000 in 98199) may or may not benefit from
waiting the week. That must be evaluated on a case by case basis taking many factors into consideration. But that is a whole other article. When placing a property on the market, it is essential to get expert guidance. Some make the mistake of being commission line focused instead of bottom line focused, and choose to work with a less qualified real estate broker not able to provide a high level of strategic advice. This ultimately leads to lesser results for sellers. Whether to use the offer review date strategy is only one example.
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Chinese investment, continued ➧ CHINESE, from Page R2 continue to decline through 2017. Vancouver ranked number three on a recent list of the least affordable housing markets in the world in 2017. Vancouver’s foreign-buyer tax has indirectly brought attention to Seattle, as Chinese investors look for alternatives to paying the 15 percent tax. As a result, Seattle received more inquiries from Chinese home buyers than any other American city, according to Juwai.com, China’s biggest real estate site for buyers looking in North America. Will Seattle become the next Vancouver? Maybe not. China recently imposed new currency controls that could dampen sales here. On Dec. 31, the People’s Bank of China and the State Administration of Foreign Exchange began an aggressive intervention to curb capital flowing out of China. As part of the new restrictions, foreign currency purchases by individuals at banks “are not allowed for overseas property purchases”, the China Business Network reported. Overseas cash transfers are limited to $50,000 in an attempt to curb overseas investment. “The new policy may hit
some middle-class Chinese who have just started to consider overseas asset allocation,” said Thomas Lam, a Hong Kong-based senior director at property consultancy Knight Frank. “But for high net-worth individuals, I don’t see any impact, as most of them already have offshore bank accounts and investments.” Market insiders say the volume of foreign home purchases may slow down amid the tightened currency policies, but Chinese demand for overseas properties is likely to continue. Already, there are efforts to circumvent the currency rules by some U.S. banks, offering zero-down loans for Chinese borrowers, with no income verification required. These mortgages don’t require tax returns or pay stubs. With 100,000 new Chinese millionaires created each year, experts believe the money will find a way around the rules. RAY AKERS is a licensed Realtor for Akers & Cargill Properties in Seattle. Send your questions to ray@ akerscargill.com or call 206722-4444.
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Go ahead... EAT THE WHOLE WATERMELON (Family Features) Sliced or diced, grilled or blended, there are countless ways to prepare watermelon. With some fruits, half or more is wasted when you throw away the seeds and peel, but you may be surprised to learn that you can use an entire watermelon, including the rind, to make delicious and refreshing dishes. Most people think of watermelon as a sweet, juicy snack perfect for hot summer days, but with its high water content (92 percent), the fruit is more than just tasty. It’s also an ideal way to keep your body hydrated. What’s more, the ability to use the entire fruit makes watermelon one of the most versatile and value-conscious options in the produce department. An average watermelon consists of about 70 percent fruit and 30 percent rind. Hollowed out, the rind is an attractive way to serve any number of recipes, but the rind is actually edible, too, and can be stir-fried, stewed or pickled, or even enjoyed
raw. This yummy slaw gets its distinctive crunch from the watermelon rind, which is packed with citrulline and arginine, two compounds that may aid in healthy blood flow. Watermelon is also a flavorful substitute for tomatoes, as shown in this traditional Italian appetizer, and contains higher levels of lycopene than any other fresh fruit or vegetable per serving, according to award-winning nutrition author and registered dietitian Elizabeth Somer. Additionally, it lends some sweetness to a spicy salsa and a refreshing twist on a summery salad. You can also try blending watermelon with other fresh fruits for a super smoothie or mixing it up with some adult libations (and don’t forget, you can transform the rind into a mini-keg in minutes; just add a pour spout). Find more ideas for using every bite of fruit, juice and rind at watermelon.org. Source: National Watermelon Promotion Board
Watermelon Slice Ice Pops Makes: 5-15 servings 5-15 watermelon slices, cut into triangular wedge shapes, about 1/2 to 1 inch thick, with seeds removed 5-15 ice pop sticks Insert ice pop stick into rind of each slice. Optional variation: After inserting sticks, freeze ice pops before serving.
Watermelon Caprese Salad with Balsamic Vinegar Reduction Makes: 6 servings 12 slices watermelon cut into rounds or squares, approximately 3 inches wide and 1/2 inch thick, with seeds removed 1/2 cup balsamic vinegar 2 tablespoons honey 1/2 pound fresh mozzarella cheese, cut into 12 slices salt, to taste pepper, to taste 1/4 cup fresh basil leaves, loosely chopped 2 tablespoons extra-virgin olive oil 1 sprig basil, for garnish Place watermelon slices on paper towels and cover with additional paper towels to absorb excess fluid. In small saucepan over medium heat, add vinegar and honey. Stir to blend, bring to simmer and reduce heat. Stir occasionally until mixture is reduced by almost half. (Do not let reduce too far or allow to froth.) Set aside to cool slightly. On large platter, place watermelon slices and top each with slice of cheese. Add salt and pepper, to taste, then sprinkle basil leaves evenly over top. Drizzle with olive oil, followed by reduced balsamic vinegar. Garnish with sprig of basil. Tip: Use red and yellow watermelon for an extra pretty presentation.
Superfood Smoothie
Watermelon Rind Slaw
Makes: 3 cups
Makes: 4 one-cup servings
2 cups cubed and seeded watermelon 1 cup fresh or frozen raspberries 1 cup raspberry kefir 2 tablespoons orange juice concentrate 2 tablespoons hemp 2 tablespoons agave syrup ice (optional)
Dressing: 1/4 cup fat-free plain Greek yogurt 1/4 cup low-fat sour cream 1 1/2 tablespoons stone-ground mustard 1 tablespoon apple cider vinegar 4 teaspoons fresh lemon juice 1 tablespoon sugar 1 teaspoon poppy seeds 2 teaspoons olive oil salt, to taste pepper, to taste
Place watermelon, raspberries, raspberry kefir, orange juice concentrate, hemp, agave syrup and ice, if desired, in blender and blend until smooth.
Slaw: 4 cups grated watermelon rind (fruit and green peel removed) 1 cup grated carrot 1 1/2 cups diced fresh pineapple In small bowl, blend Greek yogurt, sour cream, mustard, vinegar, lemon juice, sugar, poppy seeds, olive oil, salt and pepper thoroughly. Set aside. Place watermelon rind on several layers of paper towels to soak up excess fluid. In medium bowl, place dressing, rind, carrot and pineapple, and toss to thoroughly coat.
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Stylish storage for renters (Family Features) Just because you rent or live in small quarters doesn’t mean you can’t have ample storage space. It means you just have to be a bit more creative in figuring out where to put things, even when it seems hopeless to get a handle on organization and clutter under control. The first rule is to purge and keep only what you need or simply love. It’s a good idea to review your possessions at least every six months to filter out any items that have lost their luster or accumulated over time. Of course, you can make this chore easier by disciplining yourself to be vigilant about not bringing unnecessary things into your living space. However, even with the most diligent effort, you’ll still have essentials and other items you can’t or won’t part with. That’s where creativity can make it easier to find ample storage space. Seek inspiration. Search online for solutions to everyday storage problems, as sites like Pinterest
and Houzz can be great resources. Pinterest reports that 93 percent of its users shop the platform for new ideas and 87 percent have made purchases based on things they have seen on the site. Organizational issues, especially small or non-existent closet space, are common and many creative solutions, such as using non-traditional means to store seasonal items like clothes outside of the bedroom, can be found online. Embrace unique ideas. Typical storage places and containers are obvious choices, but you can also maximize your usable space with functional and fashionable furniture that doubles as great storage. For example, ClosetMaid’s Storage Furniture and Bookcases are stylish options that fit virtually any decor. They’re sturdy enough to store books and keepsakes, and work well paired with fabric drawers and wire bins. Think vertically. It may not be your first
consideration, but your wall space offers plenty of opportunity to add storage. You can even create a closet along a wall. Invest in an armoire or a closet system that works inside or outside the closet, but remember since they may have to be installed or secured to the wall, you might want to check with your landlord first. Don’t forget about closet racks; they work wonders. Opt for interesting shelving that allows you to showcase your favorite belongings and tuck other things away in colorful containers that add to the overall theme of your design. No matter your decorative style or size of your residence, there are plenty of options to make the most of your space so you can find a home for everything. Find more creative storage solutions at ClosetMaid.com. Source: ClosetMaid
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Queen Anne & Magnolia News: Home & Real Estate Section
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3521 West Howe Street Sold for $1,350,000