Right now I am seeing a lot more cash in the real estate market then I have before. I am also seeing more price reductions as well. What does this mean, depending on where you are at and what position. It may mean a great time to invest in the real estate market. Ron Rougeaux is based in Olympia but serves all of Washington State! Call /Text me 360-338-8355 Email CaptainRonJr@gmail.com
real estate hot market
REAL ESTATE MARKET & (LIFE) SUMMER “2022”
Right now the sun is shining bright and the weather is hot (smoking hot) and summer is here full force. This is why we live here in the PNW, best summers. You have the mountains on the cascades and olympics glittering bright with the snow reflecting the sun, just enticing you to come hike. With the waves in the Puget sound and rivers and lakes throwing the sun right back at you, saying come in and swim and fish in our waters. Yep nothing better in the summer than in the PNW and with no abundance of mosquitoes at least where we live at the lake. You can just setup your chair and really enjoy one of the last slices of nature before you head to Canada and Alaska. Of course in the high woods and mountains, yes we do have bears and Mountain Lions, coyotes and wolfs.
With real estate I believe everyone has learned or is finally learning – Location is everything. And yes sometimes you can’t get the perfect location. But when you can, nothing is better than that amazing location. In my opinion these are my 3 top locations for a Primary or Investment home.
- Waterfront pure and simple. Nothing is better than having water at your back or front door and being about to jump in for a swim or paddle/boat off into the sunset. It is the best spot to be in the hot summer days and everyone will want to becoming over for that bbq and swim/boat time. Now with that said, yes some waterfront is not good. (If you are in a flood zone or a very swampy location). Remember even with waterfront there are prime locations, good spots, and then just okay spots. With regards to the PNW in Washington state we have Salt water and Fresh Water locations. We then can go further with location here in Washington state as we have a lot of choices to pick from. Would you prefer lake or river/stream or would you like salt water bay/sound or oceanfront? This is totally up to you and to be honest, all waterfront in my mind is a solid purchase. Of course there are levels of prime locations on the water front as well. For example on the lake a clean spot for swimming and dock with boating in front of your house is perfect. But as the same lake if it is marshy and you can’t really swim and too shallow for a boat, while again you are waterfront but less desirable location. Budget will also have a huge determining factor on what you can pick/afford. And at the end of the day, I believe water front is 100 times better than a cookie cutter home with pavement and homes all around you.
- 2. Land and great large raw land with maybe a creek/river or pond or if you are lucky to have large land with salt water. Land is becoming harder and harder to find. There are many factors to why there is less land, the obvious is more people and more people wanting land instead of living downtown or in the cities. The big chunks of raw land that are clean, by clean I mean no wetlands or gophers to stop you from being able to build. Also flat with some hills is good, but steep and extremely hard to build on lots is also not the best. So you will always have different levels of land that is Best to not the best. I will say when the land is private and doesn’t have eye sores around it, being that of either man built/living presence or views such as mud flats or swamps. The really nice pieces of land usually get sold off market to investors/developers or if you are hunting for land, a really good real estate broker will call around for you to see if any owner is looking to sell. Another great way to buy big chunks of raw land is to look for timber land from logging companies. Sometimes these lots are further out in the country. But if you can afford to buy and hold on to the property until it is built up around you or development has come close to the big chunks of land you can make a good penny developing the land or selling to a developer/investor.
- 3. Downtown Residential/Commerical Downtown Residential/Commerical is amazing and can always be fun and exciting living or living/working close to all the action of a downtown city. Depending where the city is, you can have key locations downtown, if there is water then of course closer to the water or even better on the water is of course the best of the best you can get. If you have a residential of condo on a nice corner spot with restaurants and bars with cute stores, this again is very attractive and definitely helps the value. I really like if you can find a building to buy that has residential on top and a commercial unit on the bottom that you can either rent or use yourself for a business. These always are great buys, but harder to find sometimes. If you are just looking for commercial buildings, I usually recommend making sure the buildings are in key locations, unless they there in gentrification going on through the downtown key areas. These area are called opportunity zones and have awesome tax advantages and if you hold them for a key time period are a great investment, as long as it is just not sitting there vacant.
Please Call ME instead of just getting sent a random Real Estate Market Report
Please Call ME instead of just getting sent a random Real Estate Market Report. Yes the reports are fun to look at and if you know what you are reading, awesome. But wouldn’t you rather talk about the market while seeing the numbers in person or on a zoom meeting.
Any realtor can pull reports and send them to you. There is a huge difference if the realtor can sit down and explain the reports, actually show you what is going on in the local market. Even better is if the realtor has rentals and investment homes, and can show you their success in the real estate market.
And yes it is cool to know the US Market statistics at the Macro level, but ultimately the micro level of the area you are wanting to buy and sell is huge. We can take this on multiple levels depending on what you are wanting to accomplish in the real estate market. Are you wanting to invest, sell a home, buy and flip or buy in another part of the country? All of this requires you to look at different graphs and compare what your ultimate end goal is. So yes getting a report is great, if you are bored and want a Sunday read. If you want a specialized report for your specific needs, call me and we can talk. And then I can make you a detailed specific report and show you what the market is actually doing for what you are looking for.
Call /Text : 360-338-8355
Email : CaptainRonJr@gmail.com
We Survived Crazy Heat Wave Record! – IN THE PNW-
Survived Crazy heat Wave Record! With no central AC in the house, and tinfoil on the windows, and 2 roll ac units in the kids bedrooms we made it. We started the morning off normally and dropped the kids off to summer camp which they were so excited about (add day camp/yay for us parents). Then I was crazy busy with real estate with morning home showings and getting 1 seller and 1 buyer under contract and 1 new listing. Then I wrapped the morning up with a relaxing Pedi, yes it was amazing lol, they had AC.
When I arrived home about lunch time, @brandy and I were busy tin foiling the windows and I jumped on the roof for the sky light. Of course I didn’t wear shoes, and the roof was scorching. So I quickly taped my feet then back to tin foiling the skylight. After that I keep myself busy with paperwork for the county with building permits for our new build. (Seemed appropriate sweating a filling out multiple forms Thurston county seemed very symbolic).
Then with many jumps in the lake and then laying on the floor in the kids rooms watching a show on the lab top with brandy, eating a lot of watermelon, watering all the plants multiple times a day, hosing down all the animals and fans on them, picking up the mail and getting my adventure magazine that seemed extremely appropriate for the day. We had a busy day, but I was so happy as the PNW is beautiful even in record breaking heat and of course with Brandy by my side it is always an adventure.
I love the heat, Brandy and pets not so much. And the kids chilled in their rooms on Ipad after summer camp. But overall it builds character and reminds me why I work so hard – to pay for all the electric for all the fans/ac units running. I love reminding Brandy we live in the PNW and we don’t need AC, which never goes over well, lol. Although maybe the future will change with hotter weather, central AC may be required.
Hope everyone did well yesterday as well!
Crazy Weather / Crazy Real Estate – PNW-
The heat is suppose to reach 108 degrees today here in Olympia, Washington the Capital of Washington State. Just plain crazy and it should be a record breaker! Please Stay safe and if you need a cooling station, I will post locations on the bottom of this blog.
Yesterday and today I have an open house, and I am glad the home is definitely cool and the tenants have the air conditioning blasting. Even in the heat yesterday I had die hard buyers coming though and viewing the home, along with investors as the home is a great rental property. And of course you have myself making sure not matter what real estate continues on selling. This market in real estate compared with the heat right now is just plain crazy!
We still have more buyers moving up to the PNW and looking for all kinds of homes from investments, their primary home, and especially waterfront. (Waterfront in the PNW is like gold here). If you are looking to buy in this insane market you need an experienced real estate broker that can lead you in the right direction. I see a lot of agents just plain selling any home to anyone, and to me it doesn’t make sense.
Look at my website and profile http://www.pnwhomesgroup.com and if you are considering multiple agents, do your research online. I keep hearing from clients that they feel so lucky to have had me handle their real estate deals and find them the right home. That doesn’t happen by fluke, I have spent years perfecting my trade and multiple years of research in real estate in Washington state. If you have questions in anything regarding real estate in Washington State, in any city from Olympia, Lacey, Tumwater, Centralia, Elma, Shelton, Tacoma, up to Seattle, Bellingham, Bainbridge Island, Port Townsend, to Grays Harbor, and on the Eastern side of Washington all the way to Spokane. I have sold and bought in the cities and so many more for clients. Especially in Primary Homes, Investments, Commerical Properties, and Vacant/Timber Land.
Please make sure you use the best to help you in Real Estate and I can confidently say I will help you the best way possible amazing customer service to take care of every detail and to actually close the deal.
Call me (360) 338-8355 today to help you list or buy a property in Washington.
Now please stay safe and cool, and if you can go jump in a lake/river/of the ocean for a refreshing dip to cool off. I will be right there with you in the water today. And please find the cooling stations below.
The Olympia Emergency Cooling Center will be open from 12-6 p.m. starting Sat. to Mon., June 26-28. It’s located at the northwest corner of State Ave. and Capitol at 201 Capitol Way N.
In Lacey, the Virgil S. Clarkson Senior Center at 6757 Pacific Avenue SE, Lacey WA 98503 will be open Saturday, June 26 – Monday, June 28 from Noon – 6 p.m.
These cooling centers will be available for individuals needing shelter during the hottest parts of these days.
Stay safe – and the Best from the Rougeaux’s