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Archive for the Eastside Business Category

So The Condition of the Real Estate Market is the Media’s Fault?

This post was written by Joe Kennedy, Broker with AAA Properties and Publisher of Eastside Business newspaper and online news site and first appeared on the Eastside Business Blog.

It’s (almost) funny how the REALTORS® are trying to blame the real estate market (local and national) on the media.  Almost funny, but more embarrassing, because in addition to being a member of “the media”, I am actually a dues paying member of the Seattle King County Association of Realtors, Washington Association of Realtors, National Association of Realtors, North San Diego Association of Realtors and California Association of Realtors - at least until my membership expires at the end of this year.  I don’t think that I will be renewing my membership and helping them pay for their smear the media campaign. Read the rest of this entry »

Flat Fee Listings - Great for Investors/Flippers or FSBOs

AAA Properties is now offering $500 Flat Fee Listings with more personal service than is offered through the competition.  Instead of simply listing your property on the local multiple listings service, AAA also provides a yard sign, lock box and takes professional digital photos of your property for your listing.  A flat fee listing with AAA can be for up to a year, can be extended at no charge or canceled at any time.  As an added bonus, if your property is on the Eastside, AAA Properties will advertise your property in the print edition of Eastside Business until it is sold.

Currently covering most properties in Washington state and all properties in San Diego County, California.  To list your house or condo today, call 425-455-5478 or 800-441-LIST.

In order for a home seller to get to price for their property, it is necessary to expose the property to as many prospective buyers as possible.  THE way to do that is to have it listed on the local MLS, which is used by thousands of real estate agents to help find homes for their buyers.  It will cost you a $500 upfront list fee and a commission for the selling broker, but the amazing exposure provided through the mls will undoubtedly help you find the buyer who is willing to pay the highest price for your property.

If you are a buyer who wants to save money, AAA Properties offers a commission rebate program which enables buyers to put thousands of dollars of cash into their pockets at closing.  AAA Properties is currently developing real estate search sites for WA and CA at DeLuz.com and YourEastsideBroker.com - visit these sites today to see how many properties are for sale in your city.

Bellevue SFR Listings Under $500k

Today there are 29 SFRs (single family residences) listed for sale in Bellevue for less than $500k.  Two of them are actually under $400k.  This number is actually creeping up slightly, but not as fast as I thought.
There seem to be a lot of sellers out there who may be late to the game and still be fishing for prices that were only a figment of their (and their agent’s) imagination.  There are at least three that I know of on my street alone.  For now, that seems to be one of the main reasons that the average number of days on market is also going up.  For today’s SFR listings in Bellevue, the average days on market is 41 days and I look for this number to continue to get larger.

What’s the pricing like in your neighborhood?  Do you think sellers are being reasonable?

Kemper Freeman to Spend A Billion Dollars on New Project, Renovation on Bellevue Square

According to an article at the Seattle PI, Kemper Freeman Jr. of Kemper Development,  is planning to spend over a billion dollars to embark on an estimated $1 billion, five-year renovation that will overhaul Bellevue Square, add 351 rooms to the nearby Hyatt Regency hotel and install upscale fashion boutiques.

When the dust settles, Freeman said another 2.5 million square feet will have been developed, and the crown jewel will be “The Bellevue,” home to luxury shops, a five-star hotel and fine dining.  The Bellevue will be built on Bellevue Way at the current Safeway/Bartell Drugs site.  That will certainly add to Kemper’s “collection”

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