Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings.  That’s because we care about the community and want to help you find your place in it.  Please reach out if you have any questions at all.  We’d love to talk with you!

 

 

July 9, 2019

What is an MLS?

Odds are you’ve spent a little time online searching for homes.  After all, most home searches begin online.  Hopefully, you have been using our website at Premierhouses.com to search for your home. 

But where does listing information come from?

Way back in the day, prior to the Information Age revolution, brokers used to gather and exchange information about their properties. The idea was fairly straightforward: I’ll help you sell your properties if you help me sell mine.  It’s a “private offer of cooperation and compensation.”  Cooperation meant the real estate industry could thrive and buyers and sellers could enjoy smoother transactions.

This spirit of cooperation gave rise to Multiple Listing Service(s) (MLS).  By consolidating information about housing inventory in an MLS, listing brokers and buyers’ brokers can easily share up-to-date information about homes on the market.  Though an MLS is typically a private database available to brokers, much of the information is syndicated to outside sites in the interest of casting wider net for buyers and sellers.

As an MLS is the primary source of information about a property, it tends to be the most accurate.  It may also contain private information for use by brokers only, such as times the home is available for showings and seller contact information. 

There are upwards of 850 MLS databases in the U.S. alone, and to a certain extent, there is market pressure to centralize these into a national MLS database.  We’re sure to see changes in how Multiple Listing Services are used in the future, but the core benefits to home sellers and buyers is sure to remain.

Ready to put the power of an MLS to work for you? Search with us today, our online MLS is updated every 15 minutes.  Some online MLS information is only updated once a day.  If it is available for sale, you will find out on our website.  Check it out at today!

Posted in Buying, General
July 9, 2019

Bad weather keeping you indoors? Fix up your house!

When Pacific Northwest rain and winter storms keep you stuck indoors, you might consider passing the time with some simple home maintenance tasks.  These simple projects can alleviate your boredom while protecting your family’s safety and the value of your home.

1. Change smoke and carbon monoxide batteries.  Don’t wait for detectors to start chirping at you ... replace all the batteries at one time.  At most you’ll need to do this once a year, so why not take care of it in a single go?

2. Test your ground-fault circuit interrupter outlets.  These are the outlets typically found in bathrooms and kitchens which are designed to prevent catastrophic electrocution.  A video on GFCI outlets and how to test them can be found on YouTube here: https://www.youtube.com/watch?v=Vkd43t2y2to.

3. Clean kitchen stove and dryer vents.  Clogged kitchen vents reduce the efficiency of the exhaust system and lint built up in dryer vents can be a major cause of house fires.  Here's a video on how to clean them using a leaf blower:  https://www.youtube.com/watch?v=dO9Y5j1uhqk

4. Lubricate water shut-off valves.  Since they’re so seldom turned, these valves can rust and seize up over time.  Use WD-40 to lubricate the valves, letting the lubricant work into the metal if need be.  Turn and test the valves under sinks, around toilets, and to the lines supplying water to your washer.

5. Inspect hoses.  Cracked or leaking drain hoses, ice machine water lines, hot water heaters and washing machine supply lines can all lead to unexpected flooding.  (This is a good job to pair with lubricating your valves.)  If your hoses are cracked or worn, have them replaced to keep your home from flooding.

6. Silence squeaky floor boards.  Did you know a little talcum powder worked into the cracks between floor boards can help reduce friction and quiet down noise?  You can learn how to do this by watching this YouTube video:  https://www.youtube.com/watch?v=529KAs_BCl4

7. Tighten loose knobs and handles.  Break out your screwdrivers and work through cabinets, drawers, and all other doors.  You’re likely to find a few places you can tighten up a nagging screw.

If you come across any larger projects you’d like handled and need a referral for a plumber, electrician, or contractor, get in touch with one of our agents or call the office at (425) 903-8900. We would be happy to share our recommendation list with you!

Posted in General
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates