DYI: My Stair Saga

My primary residence is a mid century home in Magnolia.

It is a home that my husband and I purchased to rehab and sell in two years. That was 8 years ago and we have grown to like this solidly build, open floor plan home with some views of Mt Rainier, Mt Baker, Queen Anne and the city rooftops. The home was not without its quirks though.

The entry stairs have always bothered me. Three different wood finishes—one on the risers, one on the stair itself and one on the baseboard. Without res-staining the entire stairway (and then the hardwood floors beyond) I needed to come up with a solution.

As a former designer, I always have some crazy ideas that I just need to figure out how to translate to reality and I did. The photos show a work in progress. As usual, I forgot to take a “before” photo until part of the painting started. 

First came painting the sides of the stairs white. Sanding, primer and 3 coats finally got the wood covered. Next, I trimmed in the risers with a charcoal paint in preparation for the riser material—STAINLESS STEEL! 

My superb tile setter was able to cut a template for each riser (old house and they were all different) and cut the stainless that I had procured to fit.

Now the stairs look floaty but not flashy (stainless is a matte finish) and really improve the look in the entry.

Proof that crazy ideas can sometimes be brilliant!

The Compass Concierge Program

How It Works:

• Our team will develop a tailored project plan with suggested home improvements and updates to prepare your home for the market.

• You will contract directly with home improvement service providers.

• Compass Concierge will pay the associated cost for home improvement work performed subject to your agreements with home service providers.

• At the closing of the property, Compass Concierge will collect a fee that covers the cost of the work performed.

Key Eligibility Criteria & Restrictions:

• The program is available to all sellers with an exclusive Listing Agreement with Compass. 

• Prospective sellers interested in participating in the Compass Concierge program must review and execute the Compass Concierge Service Agreement outlining the program services.

• Properties that are short-sales or foreclosures are not eligible for the program. Structural or construction services will not be covered

• Payment for Services:
  Invoices should be sent to your Compass Agent for payment by Compass. 

• When your property closes during the term of the Listing Agreement, Compass Concierge will issue an invoice reflecting the total cost of services rendered. 

• Payment for the program services will be collected using your preferred payment method at the earlier of (a) the actual closing of the property or (b) the one-year anniversary of your participation in the program.

• In the event that your property does not sell or the Listing Agreement is terminated for any or no reason (including the property going off market), Compass Concierge will collect any actual costs incurred by the home improvement work performed (within 15 days).

Interested in more information for The Compass Concierge program? I would love to assist you. You may call me at 206.819.4663, email me at Chris@SeatlesGreatestHomes.com or fill out the form below!

I am thrilled to have my gorgeous listing in The Highlands featured on the Compass daily newsletter today.

I am thrilled to have my gorgeous listing in The Highlands featured on the Compass daily newsletter today.

Chris Doucet - August Newsletter

Happy August!

I hope that you are enjoying this beautiful weather and the last days of summer.

I am settling into my new brokerage and the innovation and support that Compass Real Estate provides. If you haven't downloaded the compass.com app yet, it is a wealth of information.

So fortunate to be a Founding Member.

Market Changes
What is happening NOW

You have seen the for sale signs out longer in front of homes, and I'm sure that you are reading the media--especially if you are a seller. For the first time in over three years, home appreciation is flattening a bit. Down from an 18% increase last year to 5%. This still means that we are in a Seller's Market, but the numbers are influenced by a number of factors.

Inventory has increased since June by 48% in King, Snohomish and Pierce Counties, the first increase since early 2015. The old supply and demand dynamic. Buyers seem to be taking a break from the crazy bidding wars of this spring.

Also of consequence is our lovely summer weather and Seattle area residents taking much-needed vacations before Labor Day. It happens every year but not usually this dramatically.

What this means for buyers is less frenzy and fewer multiple offers, especially in the under $1M price ranges in desirable neighborhoods. This is good news to buyers who were scrambling to secure a home after submitting up to a dozen offers. After two interest rate increases by the FEDS in 2018, the rates are down slightly. Although we have been jaded by interest rates below 4% in recent years, mortgage rates are still historically low. (I remember building my first house in 1981 at 18%).

To sellers, it means that market time is longer and listing prices need to be realistic. This is the time to make sure that your property is well presented and well represented. My team always goes the extra mile to fine tune your home to mint showing condition, marketing to that specific buyer and negotiating to your best interest.

I predicted that the market would stabilize but no need to panic. The dynamics that created the last housing crash are not relevant. A balanced market is 4-5 months of inventory, and we are now between 1.5 and 1.8 (area specific). This is sustainable growth. As long as there is a growing job market (Seattle/Bellevue added 30,000 net jobs through May of 2018) and demand for housing is strong, we should see more movement in September. Labor Day is coming soon.

Remodel Before You Sell

One of my neighbors is looking at moving sometime over the next few years to a luxury retirement community but was struggling with living with a dated kitchen until then. I came to the rescue with a plan to keep the footprint and update the look and a design that would have broad appeal to the next buyer. 

A stainless undermount sink and new faucet, quartz countertops, tile backsplash and new cabinet pulls have brought them joy for today and renovation that will pay off in the future. As a former designer as well as a seasoned real estate professional, I hear too often that the seller wishes that those renovations had been done during their occupancy and not right before listing. Let me help with making the choices that will pay off now and later.

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Insurance

Do you know how much to insure your home? Many of us are dealing with outdated policies but today, I saw one so high it gave me pause. The owners are paying about 30% more than they should. Why? The residence is overvalued as are the contents but even more important is that your insurable value should be placed on the cost of a rebuild and not the land under the home. In Seattle, up to 50% of property values can be in the "dirt". Worst case scenario, you still have the location. Unless a tsunami or an earthquake happens, no need to insure. Save the premiums!

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The Real Estate Sign, Reimagined

I am thrilled to be one of the few hundred lucky Compass agents to procure a new, illuminated and intelligent real estate sign. This is the talk of the real estate industry and the first major improvement to yard signs since the 1940s. A circle surrounded with light, QR code and a link to home information via the Compass app, this sign eliminates those rain-soaked flyer boxes and makes walking the dog an informational experience! Watch for a few of them popping up in the Seattle market soon and here is a video about the sign provided by Compass Real Estate

Chris Doucet | Compass Founding Broker in Seattle
206.819.4663 | chris.doucet@compass.com

© Compass 2018 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.