5 things buyers should never compromise on

When buying a home, there are some things you should never compromise on-or you’ll likely regret your home purchase, according to Realtor.com

  1. The floor plan. It is difficult and expensive to reconfigure a home’s floor plan. If a home doesn’t have the minimum number of rooms or the flow of the main living areas you want, you should cross it off your list.
  2. The school district. You should carefully consider your neighborhood school district, and even get a map of its exact boundaries to make sure your home is within the correct district.
  3. The neighbors. You should pay attention to the condition of neighboring homes. Not only do you have to live with your neighbors on a daily basis, but they can affect your home’s future resale value too.
  4. The budget. Consider all the expenses-monthly mortgage payments, homeowner association dues, utility costs and real estate taxes-beyond the list price to make sure you’ll be financially comfortable.
  5. The commute. Test-drive the route between your home and office to be certain you’re willing to make the commute every day.

Posted on February 13, 2018 at 3:21 pm
Lisa Dong | Posted in buyer |

Eye on the Market_May 2017

Our market has no shortage of qualified buyers and properly priced, listings in most area are selling quickly. In some neighborhoods, homes are selling, on average, in less than 30 days.

Our strong regional economy includes global companies that are attracting workers to our region. These companies impact our local market simply by where they are choosing to locate their offices.
Expedia will move its headquarters to Seattle in 2019. Amazon has announced plans to open offices in Bellevue, in addition to its main campus in Seattle’s South Lake Union neighborhood. REI has chosen to move its main office from Kent to Bellevue by 2020, and Weyerhaeuser has relocated from Federal Way to downtown Seattle.
Buyers searching for affordable homes with reasonable commute times are finding they need to expand their search to include areas to the north and south of King County. With commute times lengthening, listings close to transportation options are shooting to the top of prospective buyers’ must-see lists.
Our region continues to experience price growth resulting from an expanding local economy and population. The most recent Northwest MLS statistics show price increases for single-family homes of 10% in Pierce Country, 15.74% in King County and 17.33% in Snohomish County.
Local economists predict the strong rate of job growth in our state will continue for the remainder of this year, but it is expected to ebb in 2018. The eventual slowing in job growth and anticipated mortgage rate increases towards the end of the year may relieve some of the pressure we’re currently experiencing.
Meanwhile warm weather moves in, and our pleasant Pacific Northwest summers take center stage, attracting even more new residents to our region.

Posted on May 17, 2017 at 9:33 am
Lisa Dong | Posted in Booming Seattle, global real estate, home value, public awareness, Real Estate Trend, Surge Demand, 西雅图房地产市场准确报告 | Tagged , , ,

Amazon Now Hiring 100,000

The South Lake Union-based e-commerce giant announced the plans in January to add more than 100,000 full-time employees in the U.S by 2018. Most of them will be in fulfillment centers, though some will be headquarters jobs in Seattle. There are 9,700 job positions in Seattle listed on Amazon’s job page.

Amazon has about 40,000 Washington State employees in corporate offices and fulfillment centers. The company will have more than 30 buildings totaling more than 10 million square feet in downtown Seattle when its ongoing expansion is completed.

The company said its plans to increase its full-time US workforce to more than 280,000 by mid 2018 from 180,000 in 2016.

Contact me for seeing condos and homes for sale in Seattle.

sources: Puget Sound Business Journal Feb10,2017

 


Posted on February 12, 2017 at 9:43 am
Lisa Dong | Posted in Uncategorized |

February is American Heart Month

#wearred, #Amercianheartmonth

Despite dramatic progress public health has been made in the past few decades, heart disease remains a leading cause of death for men and women in the United States. I am interested in knowing that February has been American Heart Month since 1963. This year, I remember this month and wear red on Feb. 3rd to show the support to people who are fighting with cardiovascular diseases, to promote healthy eating and exercising regularly. Thank you for many innovative companies who continue to offer new tools and systems for people to gain more access of information so that they can be proactive in preventing or treating heart diseases.


Posted on February 3, 2017 at 12:40 pm
Lisa Dong | Posted in public awareness | Tagged , , , , ,

One month after Brexit, its impact on US housing market

When Britons voted to leave the European Union on July 23, 2016, in a referendum commonly known as Brexit, the impact on the British economy — and on Europe’s too — was immediate. Here across the pond, though, it’s not been totally clear how Brexit would affect the U.S. economy, and in particular interest rates tied to mortgages.

A month later, we have a better understanding of how Brexit affects US real estate market. Here are some of the benefits Brexit is bringing us [and a drawback too].

  1. Mortgages will get cheaper. As the impact of Brexit hits our shores, one of the effects is to drive down stock prices, making the safety of bonds look far more attractive. And when bond rates drop because the market is being flooded, interest rates drop as well. Experts indicate that this flood of money into the bond market should delay the Fed’s raising of interest rates, which had been anticipated to happen at least once this year.
  2. Homes will get more expensive. This is great news for sellers. Low interest rates mean more people can get qualified for a loan, flooding the market with wannabe homebuyers and driving prices higher.
  3. Buyers can shop for bigger houses. This seems to contradict No. 2, but right now, lower interest rates also mean that your clients can borrow more money, and it could get them into a home that was previously out of their reach. It’s true that rising home prices will impact this ability, but they haven’t taken off yet, so buying now is a smart move.
  4. Brexit could spark a recession. And that’s good for no one, if the economy destabilizes and incomes freeze or even drop. But having survived one recent market downturn, the country is in a better position to stave off another.

There’s no guarantee, of course, when the market will right itself and the immediate impact of Brexit abates. And there’s no knowing whether a more stable European economy will allow interest rates Stateside to begin to climb again. That’s why homeshoppers need to make their move now and get into a new home while rates are low, home prices have not yet begun to climb and their dollars go further.

brexit

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Posted on August 4, 2016 at 4:03 pm
Lisa Dong | Posted in Booming Seattle, global real estate, home value, Housing Market, Real Estate Trend, seller, Surge Demand | Tagged , ,

How will the 2016 Election Impact the Housing Market?

"Absolutely will!" " Depending upon who occupies the Whitel house in 2017. Historically speaking home prices continue to go up through an election year and indeed the year thereafter. However the rate of growth certainly slows. We can see a very robust price growth in 2016, however 2017 will be another matter entirely." 

"Wall Street is very powerful, but they don't like uncertainty"

                                                             -from Matthew Gardner, Windermere RE Chief Economist

Here Are All The Dates You Need To Know For Election 2016

July 18-21 — Republican National Convention in Cleveland

July 25-28 — Democratic National Convention in Philadelphia

Sept. 26 — Presidential debate at Wright State University in Dayton, Ohio

Oct. 4 — Vice presidential debate at Longwood University in Farmville, Virginia

Oct. 9 — Presidential debate at Washington University in St. Louis

Oct. 19 — Presidential debate at University of Nevada-Las Vegas

Nov. 8 — Election Day


Posted on July 10, 2016 at 7:36 am
Lisa Dong | Posted in Election, Housing Market, Real Estate Trend, 西雅图房地产市场准确报告 | Tagged , ,

Seattle will host 2018 Special Olympics USA Games

On Thursday May 12th, Seattle officials announced to host the next Special Olympics USA games in July 2018, which will mark the games' 50th year since its first International Special Olympics in 1968 in Chicago.

It is anticipated to have 3500 athletes from 50 states to come over to Seattle from July 1-6, 2018. University of Washington will be the venue to host the 16 individual and team sports such as powerlifting, gymnastics, soccer, volleyball etc.

Not only thousands of athletes, but also thousands of volunteers and spectators will gather in Seattle in July, the best month of summer. We can imagine beautiful Seattle showcased once more on a national stage.

As a certified residential specialist and a realtor in King County, Washington, it is my instinct to evaluate the impact the Special Olympics will have on the already heated local real estate demand in Seattle. With so many positive news regarding Seattle’s hosting of big national and international events, I have strong confidence that the local economics and real estate market will grow and be more prosperous than our conservative predication completed in early 2016.

Lisa Dong is an experienced realtor in Seattle area, serving people on their real estate needs since 2010. She can be reached by lisadong@windermere.com.


Posted on May 13, 2016 at 8:43 am
Lisa Dong | Posted in Booming Seattle, Real Estate Trend, Surge Demand | Tagged , , ,

Shen Zhen and Seattle (深圳和西雅图)

This is no better time to invest in Seattle than right now", Seattle Mayer Ed Murray said when he visited Shenzhen, China in May 11th, 2016.

万科与美国房地产投资和开发公司 Laconia Development 签约,双方将共同在西雅图核心地段开发建设一栋 43层出租公寓项目。

该项目和西雅图标志性建筑太空针和亚马逊新建31万平方米企业园区只有举步之遥。

另外,厦门航空还有西雅图市政府,西雅图商会,西雅图机场共同宣布,2016年9月26日将开通厦门-深圳-西雅图航线。这是深圳首条直飞北美的航线。

 

 

 


Posted on May 11, 2016 at 10:19 am
Lisa Dong | Posted in 海外置业 | Tagged , , ,

Shopping for green

     Today's buyers are more concerned than ever about living green, and that means finding an eco-friendly home. How do you know the home you want is truly green?

     Green means different things to different people. Buyers focused on energy cost savings prefer homes that have basic energy-efficient features, such as Energy Star appliances, weatherproofed windows and good insulation. Buyers concerned about personal health issues prefer homes that use non-toxic materials such as low VOC paints and bamboo flooring. Still other buyers want to contribute to a more sustainable future. They look for building materials that are produced locally or use reclaimed wood. 

     At the most basic level, Energy Star appliance, double-paned windows and efficient heating and cooling systems can lower energy bills and give buyers peace of mind. Other factors to consider include:

  • Cost. Expect to pay more for a green home. A recent study by the University of California finds that green-certified, single family home sold for 9% more than a comparable home that wasn't green.
  • Square footage.  The larger the home, the more energy it consumes. Buying a smaller home is more economical.
  • Paint. Use water-based paints that contain lower levels of VOCs than conventional oil-based paints. VOCs emit gases that can cause health issues.
  • Carpeting/flooring. Choose carpeting made from recycled or renewable materials. For wood flooring, bamboo or reclaimed wood are popular choices. 
  • Utilities. Review past utility bills to determine typical monthly energy costs. Also request documentation on any green features that have been added to the property. 
  • Landscaping. Choose plants and trees that don't require the same level of maintenance as a lawn. 

Posted on October 7, 2015 at 10:34 am
Lisa Dong | Posted in builtgreen, home value | Tagged , ,

China President Xi Jinping visits Seattle on 9/22-24, 2015

More Chinese people will know Seattle and its important role to US-China relations after Xi Jingping's visit. I have been seeing trenmendous inbound investment from China to Seattle area on tourism, real estate and Education businesses in the past 5 years. 

Numerous cities throughout Washington and China have established sister-city relationships as following:

  • Seattle—Chongqing
  • Tacoma—-FuZhou
  • Spokane—Jilin
  • Kent—Yangzhou
  • Dupont—Qinghai
  • Lakewood—Danzhou

Posted on September 19, 2015 at 2:37 pm
Lisa Dong | Posted in Uncategorized |