seattle real estate

Street Cents
5:00 am
Tue August 6, 2013

Buying a Historical Landmark

Seattle's Queen Anne High School , now a condo complex, is on the National Register of Historic Places and is an official City of Seattle landmark.

Interested in buying a home that's on a register of historic places? If so, you could be stepping into a lovely slice of  history, but it's  likely you will be expected to help preserve and maintain it. This goes for stand-alone houses and condos that are part of a historically-significant building.

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Street Cents
5:01 am
Tue June 4, 2013

Money for thin air: Selling your home's 'air rights'

Joey Cohn

The air above your house could be worth a lot of cash if you have a view that's enjoyed by others in your neighborhood.

If you have a low-lying home that sits on a bank overlooking Puget Sound, for example, chances are the neighbors on the hill behind you may want to pay you to keep you from building up and blocking their view.

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Street Cents
5:00 am
Tue May 7, 2013

Better to talk more and text less when buying a home

If you're into deep texting, is it possible to buy a home that way?
Joi

Millennials are the most connected generation in history. In fact, The Pew Research Center calls them "history's 'always connected' generation, treating their handheld devices 'almost like a body part.'"

So when it comes to buying a home, Millennials (those born after 1982) are more likely to do most of their research online as well as communicate electronically. This extends to communicating with real estate agents. But real estate appraiser Richard Hagar says if you're buying a home, "talking" through texting  is useful only up to a certain point.

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Street Cents
5:00 am
Tue February 5, 2013

Seattle property values: Catching up with San Francisco?

San Francisco is known for its hills and its density.
DoNotLick flickr

What's ahead for Seattle when it comes to property values and density? Seattle-area real estate appraiser Richard Hagar tell's KPLU's John Maynard that San Francisco may have some of the answers.

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Street Cents
5:00 am
Tue December 4, 2012

Fewer parking spaces in Seattle apartments likely to drive up prices

A common site is parking garages with slots for bikes and car-share companies.
Erin Hennessey

As Seattle continues to focus on urban density, parking for those living within the urban core is becoming harder to find.

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Street Cents
5:00 am
Tue November 6, 2012

Full disclosure or risk a lawsuit

House surprises after the purchase?
John Picken flickr

If you buy a house and shortly after moving in you're surprised to find a big crack in the foundation or the septic tank bubbling over, wouldn't your first question be, "Did the seller know about this?" Seattle-area real estate appraiser Richard Hagar says it's bad news all around if problems are not disclosed before the sale. Surprises like this not only mean headaches for the buyer but more times than not they lead to  lawsuits for the seller and his real estate agent. So, what exactly should a seller disclose?

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Street Cents
2:39 pm
Tue October 2, 2012

Renting out your basement: Extra income or extra hassle?

Is it worth finishing your basement and renting it out?
Kevin Saff flickr

In these tough economic times, it's always tempting to look for ways to bring in extra income. So how about fixing up your basement so that you can rent it out? It would be nice to have an extra $800.00 or so coming in every month. But are there questions that should be answered before moving forward? 

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Street Cents
5:00 am
Tue August 7, 2012

Population growth and housing in Seattle: Going up, up, up!

1111 E. Pike is a six-story building with 26 residential homes and two commercial spaces.

As more people move into the Seattle area, the demand for housing goes up. And so does the style of housing with high-rise apartments and condos replacing older, stand alone homes. Real estate appraiser and educator Richard Hagar tells KPLU's John Maynard this trend is expected to continue, thanks to our relatively stable economy and mild weather. Both are factors for people moving here, as are the companies that continue to employ thousands of people such as Amazon and Microsoft.

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Street Cents
5:00 am
Tue June 5, 2012

It's not an apartment or a condo. It's a co-op!

There are apartments and condos. Then there are co-ops.  This type of real estate ownership is pretty common in large East Coast cities such as New York, Philadelphia and Boston, but it's not as common here.

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Street Cents
4:30 am
Tue May 1, 2012

Bank loans tough to get for fire stations and churches

Fire Station #37 is a designated landmark.
Image courtesy Colliers International

Bored with regular, run of the mill houses? Looking for something unusual? How about buying a fire station or a church for a home? 

Seattle-area real estate appraiser Richard Hagar says although places like this could be fun to live in, banks are usually skittish about loaning money for anything out of the ordinary.

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Street Cents
5:00 am
Tue April 3, 2012

Cracking down on suspicious home buyers

Not all money used to buy a house is clean.
Images_of_Money

Since the 1970s, banks have been required to report any suspicious house purchases to the FBI. Now that mandatory reporting is netting mortgage brokers, too. Seattle area real estate appraiser Richard Hagar says that's a good thing since about 80 percent of home loans go through mortgage brokers. 

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Street Cents
4:30 am
Tue February 7, 2012

Rough time refinancing? Try again.

Bank vault full of cold, hard cash.
Adolph B. Rice Studio Collection Library of Virginia

Is it true that there there's a bank vault out there full of cold, hard cash that's now available to people trying to refinance? That's what KPLU's John Maynard asked Seattle-area real estate appraiser Richard Hagar when he dropped by KPLU's studios recently. Without skipping a beat, Hagar responded:

"The good news is if you've missed some mortgage payments or you were in foreclosure, banks now have more cash available. And they've loosened up the purse strings a bit."

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Street Cents
4:30 am
Tue January 3, 2012

Not all condos are buildings in the investment world

When you invest in a parking space ... it can be kinda like investing in a condo.
Steve Rhodes Flikr

When most of us talk about condos, we’re usually referring to buildings with apartment units that are individually owned.  But as real estate appraiser Richard Hagar tells KPLU’s John Maynard, a condominium is technically a type of ownership.

So you can also "condominiumize" other types of property. Hagar says it's a hot trend for investors. 

Condo parking spaces

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Street Cents
4:28 am
Tue December 6, 2011

For some, the gamble of an adjustable-rate mortgage pays off

Low interest rates making headlines. That's good news for adjusting or locking in a mortgage.

KPLU's John Maynard bought a condo in 2007 – at the height of the market. He took out an adjustable-rate mortgage that's "adjusting" in June.

That's turned out to be good news for Maynard, who's mortgage payment will go down considerably since interest rates are low right now and expected to be so for quite some time.

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Street Cents
4:30 am
Tue October 4, 2011

Buying homes from the bank saves money, but not time

It's a drawn out, frustrating process, but if you're willing to put in the time,  buying a home from a bank can save you a lot of money. Seattle-area real estate appraiser Richard Hagar tells KPLU's John Maynard that while it is mostly investors who seek out these properties, average home buyers can score great deals, too

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