Kicks for Kids

I have a passion in supporting others, If you can help me with any of the programs that I support, i trully appreciate it.  For every successful closing I donate $100 to the charity of your choice. If you have any questions, please reach out to me.  Thank you for supporting local charities.

 

Can you help kids get a pair of shoes?  Please help!

Can you help kids get a pair of shoes? Please help!

Posted on August 2, 2016 at 10:35 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , ,

West Seattle Bungalow in the Roxhill Neighborhood

Wonderful 3-bedroom home with a large lot, green house and shed in the backyard with a vine bearing grapes for producing your own jelly. Enjoy the home with a nicely laid out floor plan, large master bedroom, nice size bathrooms, family room on the lower level and able to walkout to a secluded patio off the lower level.  If you exit out the main floor through French Doors you'll be on a maintenance free deck that overlooks the lovely backyard.  Don't miss out on this cute West Seattle charmer.  

 

Posted on April 7, 2016 at 4:54 am
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Choosing a Broker

Choosing a Broker Page 1 Choosing a Broker Page 2 Choosing a Broker Page 3 Choosing a Broker Page 4

Posted on February 9, 2016 at 12:07 pm
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Buying a Home, What’s the Difference Between a Buyers Agent and a Listing Agent

Buying a Home: What’s the difference between a Listing Agent and a Buyers Agent and why should I care?

By law, a Designated Seller’s Agent MUST “promote the interests of the seller with the utmost good faith, loyalty and fidelity” and MUST “protect the seller’s confidences…” A smart seller will hire a good seller’s agent to work for them in this fashion – As they should.

Listing Agent, represents the sellers

Buyers agent, (Selling Agent) represents the buyers

Why should I use a buyer’s agent, (Broker)?

The seller’s agent is only looking out for the seller. Understanding this, it is important to realize that what you say and act to a seller’s agent may compromise your ability to negotiate the best deal for you. If, for example, during an open house, you casually mention to the seller’s agent that your family must be relocated by the end of the month to accommodate the start of a new job, the seller’s agent, by law, must “promote the interests of the seller” by letting the seller know about your situation. As a result, the seller is now aware that you are somewhat desperate and must move quickly, thus compromising your ability to negotiate the best deal.

How does this affect your bottom line?

Remember, the seller’s agent is “promoting the interests of the seller… and protecting the seller’s confidences…” Usually, the interests of the seller consist mainly in getting the best price for their home within a given time period. Even if the seller’s agent knows the seller has enough equity and is willing to accept $10,000 less than the asking price and, in fact, the home may not be worth what the seller is asking, the seller’s agent cannot, by law, disclose that information to you. Without a real estate professional working hard on your behalf by providing you with experienced and accurate market information, you may end up paying more than necessary to purchase that particular home.

What’s Next?

Working with Tom Fine, a Windermere Real Estate Broker, has in-depth experience in home construction, remodeling and design, with this Tom’s knowledge helps buyers by explaining the good and bad aspects of homes. Tom looks at the construction materials, installation and finishes of these materials and he’ll explain why a home you are looking at is what you see a well built home or a band aid to mask hidden problems. Working with Tom as a buyers agent doesn’t cost you money, the buyers agent fee is paid typically from the sellers side of the transaction.  So why not work with someone like Tom, with knowledge and experience to save you, time, money and energy. Contact Tom Fine, today to help Buy or Sell your home,

 

 

Tom Fine, Broker, CNE & SRES

Fine Homes NW, Inc.

Windermere Real Estate, Mercer Island

Direct: 206-434-6561

Email: TomFine@windermere.com

Posted on September 13, 2015 at 5:26 pm
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Summer is Around the Corner, Real Estate Market in Seattle is Hot

In Seattle we have had an incredible year, with a mild winter and wonderful spring, we are getting ready for a great summer.  Our Seattle summers are wonderful, with a calendar full of events from the Blue Angles, Hydroplanes, and concert series in and around the city. What a great place to be during the summer.  My kids and I love to go to Madison Beach and dive off the floating dive platform and watching the big barges building the new massive 520 Bridge.

 

 This weekend I was at my Wallingford open houses this weekend we had great activity. It is a 1929 brick Tudor that was custom built. It’s on the market, for a couple days at $685K hosting 4 bedrooms and 1-1/2 baths.  What is great about a home like this is it hasn’t been renovated in bad taste and they didn’t do any bad updating.. The original mahogany millwork and the tilting windows make this a classic Seattle home.

 

This weekend I’ll be at the Braeburn hosting an open house that is a new listing. Prices continue to increase while the market is still a sellers market.  It makes sense to get into the market now instead of seating out and waiting till things slow down.  When the slow down, most likely form historical data, prices will be up 7% a year.

 

Interest rate’s at a glance, a lot of activity, the rates went form 3.81 to 3.8 last week.

nterest Rates at a glance

           

Exciting news in Seattle, the Polar Pioneer in town and all the excitement around this massive oil drilling rig. It is in town and moored at Foss’s maritime dock for modifications that will bring 400 jobs to the area and a lot of money for suppliers and parts.  It’s amazing people protesting in their kayaks, at least there won’t be much violence on the water from the protestors.

Cruise ships are in town and Pike Place market is busy with lots of people.  We love getting a sandwich at Three Girls Bakery and then heading down for a Priroshky for one daughter.  Don’t forget to visit the bubblegum wall.

 

Posted on May 18, 2015 at 6:35 pm
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , ,

I love working with my clients!

November 5, 2014

To Whom it May Concern:

Tom Fine was our buyer’s agent for our recent home purchase in Green Lake, Seattle. We have decided to pen an unsolicited testimonial to his services.

Our family recently relocated from Australia to Seattle and decided to purchase a home. Luckily for us, we found Tom. Tom was able to explain the real estate market and buying and selling process in Seattle (which differs greatly from what we were used to in Australia). He was tireless in identifying properties that met our criteria and spent countless hours on the road with us explaining the positives and negatives of different localities, housing and building styles while viewing ‘open homes’. He was very flexible and understanding in his approach and his availability.

Tom’s knowledge gained as a building contractor was invaluable. He was able to walk through houses with us explaining potential benefits or pitfalls of the construction, layout, style, materials used and potential areas for improvement or maintenance. Several times he drew our attention to problems with construction that we would not otherwise have noticed.

In the end we found a house we wanted to make an offer for and Tom was able to calmly handle negotiations, helping to secure the house below the asking price in a highly competitive real estate market. He kept us in the loop every step of the way.

Subsequent to closing on the house, Tom has been happy to provide advice and expertise in relation to our plans to improve the property.

We’ve been impressed with Tom and would wholeheartedly recommend his services to others looking to buy or sell a home in Seattle.

Mark and Caroline Gordon
Green Lake, Seattle.

Posted on January 9, 2015 at 6:05 am
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What Does Your Realtor Know?

When I go to purchase items whether it is a small item or large, I look to the salesperson to be knowledgeable about what they are selling, don’t you? So I turn the tables and say here are some questions to ask your Realtor.

What should you expect out of a Realtor?

Let’s discuss the knowledge items.

Your Realtor should have knowledge of the following:
➢ Of the area you are showing with information of schools, parks, and the neighborhood and surrounding neighborhoods
➢ About the structure, basic information, what kind of construction is the structure (Just because I know a lot about this subject I didn’t put this in here, but I expect a salesperson to know what they are selling at least the basic information)
➢ Thoroughly describe the features and benefits of the property
➢ Ability to inform the clients about the forms they are signing and the ability to get them any answer relating to the transaction
➢ Communicate consistently with all parties about updates, changes or modifications of the terms, contracts and schedules, not through text, but phone and email
➢ Ability to discuss the handling of earnest money
➢ What Escrow and Title is and why they are important
➢ Ability to negotiate for the best terms for their clients, know when to talk and when to walk
➢ Follow through, continuation of communicating about the status of the process
➢ Be able to provide their clients with CMA’s (Comparative Market Analysis) for price points of the house whether they are selling or buying, so the clients know what your house value is
➢ Knowing how to maximize your return on investment, preparing your property for sale
➢ Lowering his/her commission will not make the property sell faster, (A realtor should be able to respond to this question, why won’t my property sell faster with a lower commission, *larger dollar sales do have a lower commission structure)
➢ Realtor (Selling) provides you with preliminary costs to sell your home with several scenario’s for different selling prices
➢ Realtor (Buying) provides you closing cost scenario’s, (what it will cost you to purchase a home)
➢ Realtor provides you what the process is for selling or buying and what to expect from the beginning to the end

The items I have pointed out above are key reasons to use a Realtor; another key item is the Code of Ethics that Realtor’s commit to, to be a Realtor. Please note that if you have a license to sell real estate, this does not mean they are a Realtor.

To discuss how I can be of any assistance to you whether you are interested in buying or selling, please contact me, Tom Fine, Broker – Windermere Real Estate, tomfine@windermere.com or call me at 206-434-6561 and I will be glad to help you with your real estate needs. I work with individuals, couples or groups to buy and sell real estate in the state of Washington, from single-family homes, raw land, multifamily properties and investment properties.

Posted on January 8, 2015 at 7:12 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Understanding Closing on your New Home

So you are going to buy a home and you hear the word Closing, Title, Escrow, what does this mean to you and how does it affect you and the buying or selling of a property. Closing is also known as the settlement, the settlement of the property you are buying or selling. The settlement includes the accounting of the funds transferred between the two parties by the closing firm also known as the Escrow firm.

The funding source (Buyers Lender) will transfer funds from the lender to Escrow and Escrow will settle all debts associated with the property, such as the sellers mortgage, any utilities, taxes, and insurance or outstanding debts of the sellers associated with the property. The balance after the payoff is known as the capitol gains to the sellers.

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

What is escrow?

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

Posted on November 6, 2014 at 10:05 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , ,

Great Video Called a Time-lapse Study

It is great when we run accross articles, videlo's or photo's of great substance or content. A photographer and director made this Timelapse video and I am fan of cideos like these.

Durring my contruction days, weeks, months  well years, I loved to create timelapse photogtraphy. if shows so much in such a short time.

The Shard: A Timelapse Study – A Film by Paul Raftery and Dan Lowe

http://vimeo.com/portfoleo/theshard

 

Here is another Time-lapse video, about Vancouver

http://vimeo.com/95384593

 

Thank you

Tom Fine

Posted on May 18, 2014 at 11:10 am
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Contractor experience adds unmatched value in home-buying process

Realtors come from many different backgrounds—sales, IT, and consulting—to name a few. My experience as a former general contractor/builder is a huge advantage for my clients. Of all of the possible background for real estate sales, which experience brings the most to the client’s search, assessment, and negotiation process? I realize that I can’t be objective about this topic, but a former contractor’s knowledge of housing structure, materials, wear and tear, and renovation costs, are invaluable.  My background in construction has been a priceless bonus for all of my clients. Allow me to illustrate…

 

Imagine yourself as a homebuyer walking into a home that is for sale. As your agent, I look around and identify some things in the house that concern me; the exterior siding has moss growing on it, the railing is a little loose and penetrating the wall. I move the railing screw around and feel that the area is rotted. Then I start to wonder….what else is wrong? — is there anything else that is not taken care of by the owners? I see other items that prompt me to suggest to you that we move on and look at other houses.  If you loved the house, and all of its characteristics and layout, then I would let you know the problems that I saw.  During an intense inspection, we would see in total, all that was uncovered.

 

Scenario #2, the buyers that I represent are looking at a condo, and they love the view. I look around and make notes on my iPad. After a walk-through, I ask my clients what they think of the condo.  They like it. We look at the storage area—it smells moldy and musty. As we tour the mechanical room, we uncover a room that houses a sauna and a hot tub—both are decommissioned by the HOA (Homeowners Association.)  This is a HUGE red flag;  #1, the association has a moldy, smelling, storage area, and # 2 the hot tub and sauna are decommissioned by the HOA. This tells me that although significant dues are collected from each unit, the community facilities are not being maintained properly. What else is not being maintained? When we go outside, I see more items that concern me—the wooden soffits appear to have some deterioration issues. The exterior also needs attention, and my estimate is that this is a $250K improvement project.

 

Scenario #3, my buyers and I go to the next condo. It’s great! I mean…the view is fantastic! It has a great view of the water, but as I walk through the unit and into the hallway, I feel like a drunken sailor.  The floor in the condo is not level. After a complete tour, my opinion is that the unit is OK, but nothing to write home about…..but THE VIEW–did I mention the view?!  The place also has a pool and sauna, and is within walking distance of many local restaurants and shops. Later, I step into the hall to look for the mechanical room and meet a couple who live in the building. We talk briefly about the building, the maintenance, and some general comments they have about the place. They are very nice, and forthcoming, and I learn something about the condo board. It consists of residents that have been there for many years and they don’t like to spend money on maintenance or capital improvements, so the north side of the building is about eight years overdue for siding replacement. The decking around the pool also needs maintenance. The kind couple also inform me that one condo owner recently requested to make some changes to their unit — requiring board approval — and were turned down. What about that great view?!  A difficult HOA board is a potential deal-breaker — even if you inherit the property.

 

Scenario #4, my clients who are first-time buyers and newlyweds want to buy a rambler that just came on the market.  It is in a great part of town, and the yard is gorgeous.  I walk in and notice that the owners renovated it poorly. The floor plan was modified and it does not flow right.  In the basement, the drain/sewer was exposed and a temporary fix-it job was botched—someone tied into the wrong plumbing fittings.  What else did they do wrong? (I say to myself) I look in the attic and find evidence of a fire years ago and also find more signs of poor renovations and framing issues.  I analyze these items and feel there are too many issues to consider this house as a viable property.  My buyers really want the property, but I feel an obligation to explain all the issues that I see. Regardless, they feel that all the problems were things that they could fix. I appreciated their enthusiasm, and of course I would like to make the offer and sale, but I want to be honest with them about how much it would cost—it would take a deep pocketbook. They are so serious about the place and as much as I dislike being pessimist, I ask them to give me a few minutes to put together a rough estimate as to what it would take to do the repairs and make the place right. The total renovation and correction costs are enormous, and when I review the rough estimate with them, they realize that buying that home would be a mistake. That property sold for 10% over the listing price and I know the new buyers did not have someone with my experience in their corner.  I am sorry for them and others like them.

 

I could have sold these properties to my clients, but not with a clear conscience. I choose to create a long-term relationship with them and be the kind of agent that I would want for my own family. I can feel good about my service to clients when I work hard for their trust and confidence and provide them the information that they need. After all, it is probably the biggest ticket item they will ever purchase. Beyond making a sale, and a commission, I want to feel good about helping clients make good choices and build a solid future. Sound construction and renovation counsel is a customer-service bonus for my clients. How many real estate agents can offer this invaluable home-buyer service at no extra cost?

 

Tom Fine | Broker | Windermere Real Estate Capitol Hill

SRES and CNE Certified

Senior Real Estate Specialist and Certified Negotiation Expert

 

tomfine@windermere.comwww.finehomesnw.com

Posted on April 29, 2014 at 4:19 pm
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