At Carrie Pierce & Associates, we truly listen to your needs and place your best interest above our own 100% of the time. Call us to set up a one on one consultation and experience our top of the line service today!
11300 Pinehurst Way NE Seattle, WA 98125 (425) 518-1176

Read Your Purchase and Sale Contract

While I certainly appreciate how busy people have become these days, I see many people signing Purchase and Sale paperwork without knowing what they are signing. You would be surprised to learn all of the nuances of the contract that could get you in trouble if you’re not careful. Your Realtor should be explaining the contract to you and a good Realtor will take the time to explain it in full. However as with any legal paperwork you are responsible for reading what you’re signing.

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First Time Home Buyer Class - Can It Help?

If you are seeking to buy your first home, you might benefit from attending a first time home buyer class. A class like this instructs the first time home buyer in the in's and out's of this exciting but scary point in their life. You’ll learn the home buying process from start to finish as well as important financial information about buying homes. The class will answer your most common questions such as the following:

Where does the process start?

  • Should I rent or should I buy?
  • What are the risks?
  • What is escrow and earnest money?
  • What are the benefits of a home inspection?
  • What happens when my offer is accepted?
  • What are the tax implications?
  • And more!

 

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Move up in Down Market, Move Down in Up Market

If you’re considering moving up into a bigger and better house, now is the time to do it. If you’re consider retiring into a smaller place like a less expensive condo, best to wait this market out and do so in a seller’s market. Home Buying Financial Decisions

Let’s examine what happens when you move up into a bigger home. A couple we’ll call Steve and Mandy want to sell their home worth $300,000 and buy a better home worth $500,000. In the down market homes have lost about 30% of their value. Therefore Steve and Mandy’s home is valued at 30% less than $300,000, or $210,000. That’s right, they loss $90,000 in value on their home. Psychologically they are depressed about losing their home’s value and don’t think it’s a good idea to move up right now. But what happened to the value of the home they’d be purchasing? The home worth $500,000 has dropped in value by $150,000, now valued at $350,000. So even though Steve and Mandy lost $90,000 on their home, they are gaining $150,000 in value on the home they’ll be purchasing. All in all they’re gaining $60,000 in home value by making a move up in the down market.

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Selling a Home With a Renter

House for Sale that is Sold

Lately we’ve been seeing a lot of homes being sold with tenants occupying the property. Reasons for this have to do with owners not being able to afford the home being vacant while it’s for sale, or an owner needs to put the home on the market prior to the tenant’s lease ending. If you’re an owner wanting to sell your home with tenants, you may want to think twice. And a lot of it depends on the personality of your tenants.

Let’s weigh the benefits of having tenants occupying the house vs. not occupying a house. The positive side of tenant occupancy during a sale an owner will receive rent while it’s occupied. That’s it. The benefits stop here.

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Children's Home Society Thanks Us for 7000 Diapers

It first struck me when a friend told me some babies can’t afford to wear more than one diaper a day. She told me in fact, some babies get wrapped in newspaper in lieu of a diaper. Call it hormones from just having my daughter or call it genuine concern, but hearing this brought me to tears. I couldn’t stand to think about all of the health and neglect issues that the babies faced from lack of clean diapers. I decided I needed to do something about it. Thus began my mission to save as many baby bottoms as I could. The Carrie Pierce & Associates Diaper Drive fundraiser was formed and three months later over 7000 diapers were collected and sent to the Children’s Home Society. I’m honored to have the story recently included on Children’s Home Society’s website.

Read Diaper drive helps North Seattle Parents.