I know of a major fixer in the Maple Leaf area of Seattle that is not on the market yet for only $175,000! According to the King County tax records, it’s a 3 bed, 1 bath home with approximately 960 sqft. The average list price for similar homes for sale in Maple Leaf is around $423,000. Anyone looking for a fixer, this could be a good deal for you! Contact me for more info.

Christian Nossum
Cell: 206-949-3048
Email: Christian@DealsInSeattle.com

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According to SmartMoney.com today, Tacoma (1st) and Seattle (5th) are both listed as two of the top “Five Markets Expected to Fare Best in 2010.”

The top 5 are out of 100 cities nationwide are:
#1- Tacoma
#2-Memphis
#3-Pittsburgh
#4-Charleston
#5-Seattle

This is a pretty great list to be on, especially when most of the regions in the country are not fairing too well. This just goes to show that the Seattle area market, which never went too crazy when housing prices were shooting up, is also not going to crazy now that housing prices have fallen. We (and by “We” I mean Seattle – I have the right to call it that since I was born and raised here), has always stayed pretty stable due to our amazing diverse local economy (Microsoft and lots of other tech companies, Boeing and it’s local suppliers, and our amazing location for foreign trade, and many more). Since we don’t rely on only one or two forms of business to keep our local economy moving, we are able to better withstand bad economic times. Thank you mom and dad for moving from ‘NoMansLand, Minnesota’ to Seattle before I was born! You had some great economic foresight!

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Is Social Media a fad?

by Christian Nossum on December 4, 2009

My professional opinion? Nope. As a real estate agent, numerous studies have shown that around 80-90% of people start their real estate search online. I think we will soon see studies showing that more and more people will find their home by seeing an “online friend” post a status update on Facebook, or a tweet on twitter, with a link to a website built specifically to showcase every aspect that home has to offer (like a video tour, professional photos, and a long list of features that may not fit on a traditional printed flyer sitting in front of the house, soaked by all of the rain we have in Seattle). I personally use all of these methods to sell all of my clients’ homes, and I’m always learning new methods and trying to stay in front of the curve when it comes to new social media and technology tools. That is why I volunteer as a board member of the Social Media Club of Seattle. By being involved with SMC Seattle and seeing some of the top minds in the social media revolution in both Seattle and in the world, I am able to see opportunities to market homes in unique ways and spread the word about my thoughts on real estate in Seattle. Without social media, it would have been almost impossible for me to do this since I don’t have the resources or connections to have my own real estate television channel or daily article in the local paper. Social media allows me to broadcast my message for relatively little money.

My personal opinion? No way. The transparency of social media like Facebook & Twitter opens doors to meet and enjoy more in life than ever before. For example, I’ve seen two amazing plays for free (with a $50 price tag for the worst seat in the house each time) without knowing anyone that works in the ticket office or at the actual theater the plays were at. I just belong to a Facebook Group that sends out “free comp ticket” notices when the theater need to fill seats (last night I got front row center seats – FOR FREE!). I would have never gone without Facebook. Facebook and Twitter also help me keep in touch with friends, enemies, and even relatives I sometimes wish I could forget, and helps strengthen relationships with new found friends or acquaintance and “online friends” that I’d like to get to know better. I also find great articles and even restaurant recommendations there.

Social media is here to stay. In 5 years it probably won’t look much like it does today. Heck, in 1 year it will change and grow into something that is different than it is today. As time goes on, I will grow with social media too, and I will continue to use it to share my thoughts, connect with people, and even market real estate. The revolution is here to stay, and if you want to use it, jump on board now because the train is picking up steam.

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Happy Thanksgiving!

by Christian Nossum on November 26, 2009

I hope everyone has a Happy Thanksgiving! I’m thankful for my family who can be a little crazy (in a good way), my friends who understand my humor, my house for keeping me dry and warm, Shannon’s amazing cooking, the beautiful city of Seattle, and for the job I love that keeps the thrill alive and makes me want to wake up each day ready for a new adventure.

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This house hasn’t hit the market yet, but once it does it is going to fly! At $259,900, it is underpriced and ready to move.

NOT A SHORT SALE!

It’s a cute 2 bed, 1 bath home in North Seattle that’s ready to be lived in. Lots of updates, but much of the original charm is still intact as well. Contact Christian Nossum with Wilson Realty Exchange, Inc for more info or to set up an appointment to see it – 206.949.3048 or Christian@DealsInSeattle.com.
(This is not Christian’s listing, but he has permission from the seller to advertise it.)

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This is a great home, built by a local builder for himself. He’s lived here the last 6 years (it was built in 2003), and now he’s moving on. That presents a great opportunity for a deal. Why? Because this builder is well versed in selling homes, and is willing to be creative. Ever thought about trading your home for this one? He’d consider that. Ever thought about not getting a loan from a bank and instead having the seller finance the deal for you? That’s a possibility. Plus, don’t be afraid to make an offer on this home. If you are thinking of offering less than the asking price, let’s do it! The seller is a builder – you’re not going to hurt his feelings. Interested? You haven’t even heard about the house yet!

The house in itself is just awesome. It was custom built by the builder for himself, so you know it’s solidly built. The 4 bedroom, 3.5 bathroom, 2860sqft house is loaded with high end touches throughout including box beam ceilings, built in sound system inside and out, an outdoor natural gas fire pit, high end Kohler fixtures throughout the house, jetted master tub, and even a hot water car wash valve outside to help keep that car looking nice and clean. The house also has a separate 1 bed, 1 bath rental unit in the basement with a separate entrance and includes its own security system. It was last rented for $950/month. It’s only a block and a half from the Burke Gilman Trail and Lake Union, and you’re within the Seattle School District boundaries for the award winning John Stanford International School.

If you have any interest in checking this place out in person, if you have any questions, or if you already know that you want to make an offer, contact me – call or text me at 206.949.3048, or email me anytime – Christian@DealsInSeattle.com.

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nickerson sold Queen Anne Duplex One side is a fixer, One side looks great!

I TOLD YOU IT WAS A DEAL!!!

If you’re looking for a slight fixer multi-unit building in a great location for under $350,000, here you go! This Queen Anne duplex near Seattle Pacific University (SPU) just came on the market. Each side has 1 bed/1 bath plus its own garage. One side of the duplex is in great shape-refinished hardwood floors, stainless steel appliances, slab granite counters, etc. The other side looks to be in the original 1955 state. It’s not in horrible shape, but it does need some updating.

The thing that excites me about this house is how the numbers work out. If you are buying this to live in it, and you get an FHA 30 year fixed loan at 5% (which is an estimate, but that’s about what rates are right now), with only 3.5% down payment ($11,434.50), your principle and interest payment would be $1753.80. Market rents indicate that you could get around $850/month in rent for the nice unit. Subtract $850 from $1753.80, and your monthly payment would be $903.50! That’s almost as much as the rent, and you own the place! How cool is that!

If you have any interest in checking this place out in person, if you have any questions, or if you already know that you want to make an offer, contact me – call or text me at 206.949.3048, or email me anytime – Christian@DealsInSeattle.com. (Please note that this is not Christian Nossum’s listing, but he does have permission to advertise it by the listing broker)

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Without their service to our Great Nation, we would not be able to enjoy all of the freedoms’ that we have today. Please be sure you make a special effort to thank a Veteran, and just as importantly, our active duty military today (and for that matter, any day that you ever meet one).

To those of you who have served and are currently serving, I humbly thank you for your service and sacrifice to our great country. Thank you.

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This is a great overview of the new & extended Homebuyer Tax Credits (for both “move up” & first time buyers).

If you would like further details about these tax credits, contact me. I’d be happy to help answer your questions!

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pilgrim sold1 First Time Buyers   Make $1936.25 buying this house!

This cosmetic fixer is a great deal at $173,250. It has 3 bedrooms, 1.5 bathrooms, a large 2 car garage, and a nice yard. It needs a little cosmetic help, but really, after you take out the carpet and throw some paint on the walls it’s going to look a whole lot better! The kitchen appliances are outdated, and that will probably be your largest expense, but that doesn’t even have to be done right away. Keep it the way it is until you get your first time buyer tax credit back (which was just extended today!), and deal with it down the road.

FIRST TIME BUYERS!!!
How could possibly make $1936.25 buying this house? If you get a 30 year fixed FHA loan, you only need to put 3.5% of the price as your down payment (which at $173,250 is $6063.75). The first time homebuyer credit, that was just extended through April 30th, 2010, is $8000.

$8000-$6063.75=$1936.25. (Your ‘principle only’ payment would be just under $900/month (assuming a 5% interest rate).

If you are interested in taking a look at this, or have any questions about it, contact me. You can call or text me 206-949-3048, or email me Christian@DealsInSeattle.com anytime.

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