Kathy Burnett, Realtor

NEW PRICE on my Lake Forest Park listing - $895,000! Tour this Sunday from 2-4pm at the open house. Why should you check out this home?

It's on a dead-end street which means no through-traffic, you have plenty of space to entertain year-round, a basement offering ADU income potential, and the location is fantastic; just 30 minutes north of Seattle AND Bellevue, plus being near shopping and fun at Town Center at Lake Forest Park. Come see!

🛏️ 4 Bed
🛁 2.75 Bath
📐 2090 SF
🎉 Trex deck for entertaining
💰 ADU income potential
🚙 3-Car Garage
🚗 Long driveway for even more parking

If you would rather tour this home privately, contact me to schedule an appointment: 206.697.4158 or [email protected]

More home info here: https://kathybhomes.com/idx/mls-2255435-19212_32nd_avenue_ne_lake_forest_park_wa_98155?fbclid=IwZXh0bgNhZW0CMTAAAR0t0U39jXlq5nUNGmkS110t9KWLmQ8st2ddknBtVi5jyimZk5Wuze-Tikw_aem_q64QKAnAFsxol0ONWIwfxA

Beat the heat this weekend at my Lake Forest Park open houses. Saturday 10am - 12pm and Sunday 1pm - 4pm.

Dreaming of space to entertain no matter the season? How about a back yard that's backed by lush foliage for privacy? You'll want to tour this home that will give you those features along with updated kitchen and baths in 2016, Trex deck, and basement offering ADU income potential.

Come see this home for yourself.

Offered at: $950,000
🛏️ 4 Bed
🛁 2.75 Bath
📐 2090 SF
🎉 Trex deck for entertaining
💰 ADU income potential
🔍 More info here: https://kathybhomes.com/idx/mls-2255435-19212_32nd_avenue_ne_lake_forest_park_wa_98155

If you would rather tour this home privately, contact me to schedule an appointment: 206.697.4158 or [email protected]

Marysville listing is pending 🎉 sellers are thrilled to say the least.

Open House at my Lake Forest Park listing tomorrow 🏡 June 30th 1pm - 4pm.

Looking for a private cul-de-sac? This house has it. What about newer wide plank hardwood flooring & an updated kitchen & guest bath? All here. Love to entertain? No problem. The large Trex deck is waiting for you. Save your money in this energy-efficient home with dual-pane vinyl windows & solar panels that provided a $3360 credit in 2023 AND ADU income potential with separate entrance to lower level FR with fireplace, bedroom, full bath & utility with access to covered patio.

Come see this home for yourself!

Offered at: $950,000
🛏️ 4 Bed
🛁 2.75 Bath
📐 2090 SF
🎉Trex deck or entertaining
💰 ADU income potential

Looking forward to seeing you there.

Lake Forest Park's latest listing 🏠 do you know someone looking for a home in this area?

You'll enjoy the private cul-de-sac location of this spacious home. Main level boasts newer wide plank hardwood flooring, updated kitchen & guest bath, primary bedroom with ensuite, living room with floor-to-ceiling stone fireplace and a slider from the dining room to a large Trex deck. Save your money in this energy-efficient home with dual-pane vinyl windows & solar panels that provided a $3360 credit in 2023. ADU income potential with separate entrance to lower level FR with fireplace, bedroom, full bath & utility with access to covered patio. So much to offer here & call this place home!

Offered at: $950,000

🛏️ 4 Bed
🛁 2.75 Bath
📐 2090 SF
🎉Trex deck or entertaining
💰 ADU income potential

Contact me to schedule a tour of this gem: 206.697.4158 or [email protected]

Tour my newest listing tomorrow in Marysville!

📆 Sunday June 23rd from 1p - 4pm.

This 1452 SF one-story home lives large with vaulted ceilings and open floor plan. Big ticket updates have been done in last 3 years; new composition roof, new gas furnace, & new central A/C. Kitchen updates in 2017 include Quartz counters, new stainless appliances with gas range. Primary bedroom features a walk-in closet & ensuite with soaking tub & separate shower. Family room with cozy gas fireplace & slider to fully fenced backyard. Great location near I-5, Highway 9 & downtown Marysville.

Offered at $565,000:
🛏️ 3 Bed
🛁 2 Bath
📐 1452 SF
✨ Plenty of upgrades
📍 Ideally located

More info here: https://kathybhomes.com/idx/mls-2252829-

Congrats to these sellers!

The Jimenez family is in the military and bought this home in July 2021 with a VA loan. They lived here for 2 years before they were transferred to Hawaii. Wanting to buy a house in their new city, they decided to sell their Marysville home to free up their VA benefit; a strategic use of their real estate investment that gave them the financial ability to put down permanent roots in Hawaii. It was a pleasure to work with them and I wish them all the best in the Aloha State!

ADU’s Are Allowed in Washington State...For the Most Part.

Accessory dwelling units (ADU’s) or 2,4, and 6-unit multi-family buildings could be added within a single family lot.

BEFORE YOU BUILD: Review your title report CC&R’s (Covenants, Conditions & Restrictions), as some neighborhoods restrict a single dwelling to a single lot. This title restriction takes precedence over the recently passed laws.

We have more buyers than homes for sale.

Call me for a no obligation review of your home selling goals.

House hunting in Marysville? Stop by my open house today from 12pm - 2pm so I can tour you through this well-maintained Marysville home for sale. A spacious main floor living area, a top-floor primary suite, and fully fenced yard are waiting for you. Not to mention a great location near I-5, restaurants, parks.

Contact me for more details about this fantastic home: 206-697-4158

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JUST LISTED - Beautifully maintained Maysville home for sale!

Open concept living, spacious kitchen opens to dining room & living room with gas fireplace. Fun space to entertain a crowd. Large primary suite upstairs with ensuite bath, walk-in closet & vaulted ceilings. Fenced backyard for pets, play or gardening. Utility room is large & has lots of storage space. 2-car garage & off-street parking. Low $32 HOA paid to end of year.

• 3 Bed, 2.5 Bath
• 1589 SF
• Kitchen featuring center island with bar seating and stainless steel appliances
• Primary Suite upstairs with ensuite and walk-in closet
• Fully fenced backyard
• Near I-5, restaurants, parks

You'll love it here! Contact me for a private showing: 206-697-4158

More property info here: https://kathybhomes.com/idx/mls-2199031-1256_ash_avenue_105_marysville_wa_98270

⬇️ LOW INVENTORY resulted in:

- More demand leading to sales OVER list price
- Market values remaining ⬆️

The majority of homes in King and Snohomish counties go under contract within 30 days.**

Price your home correctly from the START,
present it well, add marketing, and it will SELL.

Let’s talk today.

I*Source: Houzeo **Source: NWMLS.

This holiday, take a paws. 🐾 Count your blessings:

Your family, your friends, your health, your home, and all your heart holds dear.

Cheers to you this holiday season!

My seller owned this home as an investment property. With the rental income, she was able to pay for the mortgage AND receive tax benefits of interest write offs and depreciation. Not to mention the $540k of appreciation she got owning the property for 21 years.

She is now doing a 1031 exchange into a different rental in Oregon, where her daughter lives and will eventually inherit the property. This way, my seller will not pay any capital gains taxes, and her daughter is left with a legacy upon which she can build wealth.

What a special feeling it was to help facilitate such an important event in this family's life that contributed to generational wealth. This is why I love what I do!

Real estate update for Snohomish and King counties--

Remember how I have said that in this higher interest rate market, our home values have not been impacted as much as they could/should have been because we continue to have such low inventory? Well, the Fed said this time next year rates will be lower. They expect to reduce rates 3 times next year. And, as a result of lower rates, demand will go up and values have room to increase.

If you are considering buying or selling in 2024, give me a call to talk about how this could affect you.

Not even a weekend on the market and my listing in Lynnwood went pending. Needless to say the sellers are thrilled. It just goes to show how important pricing a home for sale is, and sprucing it up so that it gives the best first impression possible. And serious buyers are always looking, no matter the season.

Starting in 5 minutes: open house TODAY in Lynnwood at my newest listing.

Walk through the huge garage yourself and imagine all the projects of yours that it could be filled with. See how cozy you stay on rainy days by sitting in the enclosed deck. Let's not forget the warming fireplace in the living room as you're watching the Seahawks score touchdowns.

Stop by between 11am - 2pm and let me show you around.

For sale in Lynnwood - 1358 SF Garage & Roomy Rambler!

Attention car collectors, builders, & handypersons! Massive garage awaits your creative energies: air compressor, furnace, attic storage, parking for 4 cars, & half bath. All just steps away from a 1687 SF rambler with 2 bed, 2 bath, & office located in the heart of Lynnwood. Close to Alderwood Mall, Costco, coming soon light rail, & I-5. Large living area is a perfect space to root for your Seahawks. Big kitchen has center island with bar seating. Take refuge on rainy days on your fully enclosed deck. Greenhouse & large yard will bring out the gardener in you. Lots of spaces to enjoy here! Schedule your tour today: https://kathybhomes.com/idx/mls-2180143-18320_40th_avenue_w_lynnwood_wa_98037

And just like that, in 24 hours my seller's home went pending. It doesn't matter what season it is, serious buyers are out there.

“Gratitude is the currency that we can mint for ourselves and spread without fear of bankruptcy. “ - Fred de Witt Van Amburgh

So, this Thanksgiving, I am sharing my gratitude with everyone reading this, along with a bit of humor to bring you some holiday cheer. :)

Have a wonderful celebration with your loved ones tomorrow.

Just listed in Bothell - updated and pristine rambler!

Don’t miss this polished gem tucked away in a secluded cul-de-sac. Tons of updates done in 2019 including roof, carpet, gas furnace, H2O, and exterior paint. Abundant natural light throughout. Tranquil backyard and 2-year-new Trex deck. Close to Mill Creek Town Center and future light rail on Ash Way. Come and see!

To view more property info and to schedule a private tour, click here: https://kathybhomes.com/idx/mls-2179439-112_172nd_place_se_bothell_wa_98012

October's real estate stats - While months of inventory have increased from our steroid market, it is still well below that of a normal or buyer's market. Low inventory has kept our values propped up, with a year over year 0.1% increase in Snohomish County and 12.4% increase in King County. That is the power of low inventory despite interest rates doubling in the past 18 months. Have additional questions about our local real estate market? Reach out to me today, I'd love to answer them for you.

Could be spooky, the Fed meets on October 31st .

Will rates increase?

Inflation reports will tell. “The Fed is looking for service prices to cool and housing prices to moderate.” (Forbes) Inflation is at 3.7%, the Fed wants to se it at 2%. With the 30 year fixed mortgage rate at 7.94%, a rate increase will push more buyers out of the market.

Sellers need to price realistically, even offer rate buydowns, to keep buyers interested.

King and Snohomish County stats are out for last month, and I want to talk about Months of Inventory:

If no new homes came on the market, all the homes would sell out in 1.4 months in King County and 1.1 months in Snohomish County. The real estate industry recognizes that if the inventory of homes is under 6 months, it is a seller's market. The market is normalizing.

Low inventory is keeping home values from dropping 23% like they did in the Great Recession.

# of Homes For Sale:
August 2008 – 43,140 Listings
August 2023 – 10,175 Listings

From our peak in April 2022, statewide values are down 6.5%, but still
up 9% from 2 years ago, August 2021.

Did you just feel like you were on a rollercoaster?

King and Snohomish County stats from July are still reflective of what the State of Washington is experiencing right now. Low inventory is keeping home values from dropping drastically and it still remains a seller's market with most homes selling in under 30 days and receiving 100% of asking price.

Stats from June have been released. In both counties, it is still a seller's market with inventory levels at about a month. Properties in sought-after locations that are in good condition and priced at market value are selling in under a month. Still a strong market even with interest rates near 7%. Transactions are down about 40% year over year because potential sellers are staying put to hold on mortgages with low interest rates.

Higher interest rates have caused a 38% drop in listings from last year. People are staying put and holding on to their low interest rate mortgages, and higher rates are discouraging otherwise qualified buyers from entering the market. The average sales price in both counties has dropped about 7%. With interest rates more than doubling from 1 year ago, it’s surprising the decline in home values has not been more dramatic.

Experts feel that low inventory has contributed to keeping values from dropping even further. With about 1 month of inventory, and homes selling in under 30 days in both counties, it is STILL a seller's market.

Take note, Fed Chair Powell hammered home that the Fed is not done raising rates to fight inflation.

Time will tell how this impacts the housing market.

May real estate update for Snohomish and King Counties:

In both counties, it is still a seller's market with inventory levels at about a month. Properties in sought-after locations that are in good condition and priced at market value are selling in under a month. Still a strong market even with interest rates near 7%. Transactions are down about 40% year over year because potential sellers are staying put to hold onto mortgages with low interest rates.

Not much has changed since March in either county:

-Inventory is still low
-It’s still a seller's market
-Homes that are priced right are selling quickly

For a specific update on your city or neighborhood, contact me.

This is Sterling. He's a 13-year-old handsome Siamese with the most relaxed personality and gentlemanly manners. Why am I posting about him today? Because today is National Adopt a Shelter Pet Day.

Back in January, I was missing having a feline companion around. So instead of going to a breeder, I wanted to rescue a cat from a shelter and give them a good home. Enter, Sterling.

National Adopt a Pet Day is all about raising awareness for many animals like Sterling who are in shelters, waiting for their forever home. By adopting a shelter pet, you are not only giving them a second chance but you are bringing home a friend to keep you company and bring you joy.

If you've been considering getting a pet, I encourage you to visit your local shelter and rescue one.

This is a Win/Win:

• Buyer Gets a Lower Interest Rate
• Seller Gets a Faster Sale

Thinking of Selling?

Call me so I can share how this strategy can work for you.