condominiums

condo resale disclosures, condominium speciaist, condominiums, electric vehicle charging stations, EV charging stations

Revision to Condominium Resale Certificates Relating to EV Charging Stations

The WA State Legislature recently approved a revision to the Condominium Resale Certificate. House Bill 1793, passed by both the House and Senate, was effective June 9, 2022. A new section has been added to the Condominium Resale Certificate relating to electric vehicle charging stations. Whether located in the unit or the limited common elements […]
appraisals, condo financing, condo resale disclosures, condominiums, Robin Myers/Condo Specialist

Recent Changes to Condo Financing and Appraisal Requirements

Following the 2021 collapse of the Surfside, FL condominium tower, and growing concerns nationwide about aging buildings and potential issues due to deferred maintenance, lenders are now required to perform additional due diligence when approving condo units for conventional loans. Fannie Mae and Freddie Mac have issued new requirements for condo and co-op financing. These […]
buying a home, condominiums, economy, real estate, selling a home

Housing and the Economy – What to Expect in 2022

In the last housing and economic forecast for 2021, Matthew Gardner, Windermere’s Chief Economist, looks ahead and shares his economic and housing forecast for 2022.
Bellevue Farmers Market, condominiums, Downtown Bellevue, events, lifestyle, urban living

Bellevue Farmers Market Opens May 13th

It’s a sure sign spring is here . . . the 2021 Bellevue Farmers Market opens this week. The market is open every Thursday from 3:00 to 7:00 PM. You’ll find the market at the same location as years past – Bellevue Presbyterian Church located at 1717 Bellevue Way NE. Look for a variety of […]

condo resale disclosures Revision to Condominium Resale Certificates Relating to EV Charging Stations The WA State Legislature recently approved a revision to the Condominium Resale Certificate. House Bill 1793, passed by both the House and Senate, was effective June 9, 2022. A new section has been added to the Condominium Resale Certificate relating to electric vehicle charging stations. Whether located in the unit or the limited common elements […]

appraisals Recent Changes to Condo Financing and Appraisal Requirements Following the 2021 collapse of the Surfside, FL condominium tower, and growing concerns nationwide about aging buildings and potential issues due to deferred maintenance, lenders are now required to perform additional due diligence when approving condo units for conventional loans. Fannie Mae and Freddie Mac have issued new requirements for condo and co-op financing. These […]

buying a home Housing and the Economy – What to Expect in 2022 In the last housing and economic forecast for 2021, Matthew Gardner, Windermere’s Chief Economist, looks ahead and shares his economic and housing forecast for 2022.

Bellevue Farmers Market Bellevue Farmers Market Opens May 13th It’s a sure sign spring is here . . . the 2021 Bellevue Farmers Market opens this week. The market is open every Thursday from 3:00 to 7:00 PM. You’ll find the market at the same location as years past – Bellevue Presbyterian Church located at 1717 Bellevue Way NE. Look for a variety of […]

buying a home 2021 Housing and Economic Update Every year Matthew Gardner, Windermere’s Chief Economic, provides his forecast for the coming year. As always, he includes a variety of topics that relate to the national economy, housing trends, mortgage interest rates and home price appreciation. This year he also addresses the impact the 2020 pandemic had on the economy and housing and what […]

condominiums 2021 US Housing Forecast – What to Expect Next Year This week Matthew Gardner, Windermere Chief Economist, takes a look at the US housing forecast for 2021. Topics include mortgages, existing home sales, existing home values, new construction, the impact of homes in forbearance and the urban condo market. Overall the outlook is positive for a continuing strong real estate market and low interest rates.

condominium speciaist Matthew Gardner’s Housing & Economic Update This week Matthew Gardner, Windermere’s Chief Economist, shares his thoughts on the latest US home sales data. Single family and multi family home values continue to rise while available inventory levels continue to decline. What’s the news for condos? Condo prices are trending higher nationwide, up 10% year-over-year. It’s difficult to know how long this […]

buying a home New Construction, Existing Home Sales, Condos & Vacation/Resort Homes Tight supply and increasing land/material/labor continue to contribute to rising home prices. Matthew Gardner, Chief Economist for Windermere Real Estate, shares his thoughts on builder confidence nationwide, evidenced by a dramatic increase in sales of new construction homes and permit applications. That continued buyer demand along with increasing construction costs are driving prices up. Sales […]

Bellevue condominium Downtown Bellevue’s Condo Market is Doing Just Fine As we enter the seventh month of pandemic survival all indications are the downtown Bellevue condo market has remained strong. Media articles predicted homeowners, driven by pandemic concerns, might choose to abandon the city for suburban homes offering more indoor and outdoor space. Homeowners may be departing Manhattan and San Francisco, but Bellevue’s urban condo […]

condominiums Are You Eligible for a Property Tax Exemption or Deferral? Did you know . . . there are King County real estate property tax relief programs for qualified senior citizens, disabled persons and veterans. It is estimated that many qualified seniors and disabled persons are not registered for available exemptions and only 1 in 100 of those eligible for deferrals are enrolled. The application process […]

buying a home Selling Your Condo? Here’s Why the Condo Resale Certificate is Important What is a Resale Certificate? The condominium resale certificate is a critical part of every condo sale. Condos and homeowner associations are governed by documents that outline the duties and responsibilities of the homeowner and the community. When a buyer purchases a condo they are entitled to review those documents. The “resale certificate” is a […]

condominium speciaist How Much Are Home Values Expected to Increase in 2020? This week Matthew Gardner, Windermere Real Estate’s Chief Economist, provides an update to his 2020 housing forecast. Interesting economic information relating to the local and nationwide real estate market.

condominiums Creating Home Office Solutions for Small Spaces Many of us, whether temporary or permanently, are working from home. If your home doesn’t have dedicated office space, you can create a dedicated office area using a nook or alcove between rooms or a loft area at the top of a stair landing. The space doesn’t need to be big but can be defined […]

condominium speciaist Ideas for Creating Deck or Courtyard Privacy With summer weather finally here we’re all spending more time outdoors, but with the confines created by the COVID-19 pandemic, we’re spending a lot more time outdoors at home. Whether you live in an urban high rise or townhouse, creating privacy on your deck, patio or courtyard can be challenging. HGTV has provided some […]

affordable housing The Important Role First Time Buyers Play in the Long Term Housing Market This week Matthew Gardner, Windermere Chief Economist, speaks to the importance first time buyers will play in the recovery of the country’s housing market.

buying a home Available Homes for Sale Significantly Below Last Year The number of homes available for sale declined in April and May for obvious reasons – there were health and economic concerns brought on by the COVID-19 pandemic. Since late May local home sales have been ahead of the same period last year. Buyer demand remains high but what is different about this year compared […]

buying a home How’s the Local Real Estate Market? We’re 12 weeks into more experience dealing with the impact of COVID-19 on the economy and specifically the local real estate market. After a significant market decline in new listings, buyer interest and closed sales in March and April (not at all surprising) real estate came back strong starting in early May. the number of […]

apartments Could COVID-19 Impact Future Condo and Apartment Design? Recent real estate and design articles have speculated on the impact the coronavirus pandemic could have on future residential design. Features in the last decade have focused on spacious luxury owner amenities with indoor and outdoor common areas, lush gardens, fitness centers, media rooms, private dining rooms, pet spas and co-working spaces. Will residential […]

condominium speciaist How has COVID-19 Impacted Various Housing Categories Matthew Gardner offers insight into how the coronavirus pandemic may impact urban housing, condos, single family housing, suburbs, second homes and short term rentals.

buying a home Real Estate – What to Expect as We Return to “Normal” It’s not surprising to know home sales declined in mid-March as we sheltered at home. Moving into mid-April both buyer activity and pending sales began increasing, all while home prices remained strong. Nationally median home prices rose in every region of the US in April. Locally buyer activity and home values also gained momentum. Short […]