Thank you for your continued support!

Hope that 2017 is treating you well!   As I’m sure you’ve heard, home inventory remains low and competition remains fierce.  And while we can’t always guarantee the outcome, we are doing our best to help our clients to succeed in this market, both for buyers and sellers.  So whether you are looking to buy or sell, there are always opportunities, and we are here to help you find them!

On another note, thanks to your advocacy and referrals, we were again awarded the distinction as being in the Top 1% of John L. Scott realtors for 2016!  This means out of over 2700 agents, we were in the top 27.  As a way to say thank you, we put together a fun video. If you haven’t seen the SAG Awards Stranger Things acceptance speech, YouTube that for reference.

Hope you enjoy!  With your support and referrals, we can’t wait to do it again next year. We greatly appreciate the relationship we have with you, and never take you or your referrals for granted!  
Advertisements

My Favorite Books From 2016

We’re a couple months into 2017, how are you doing on your New Years resolutions?  Research shows that only 9.2% of people feel they are successful in keeping their resolutions.  Even if you’ve slipped a bit it’s not too late to get back in the game!  Seeing that the second most common resolution is self-improvement we thought this would be a great time to share some of my favorite books I read in 2016.  Check out my list below and let me know what books you think I need to pick up this year!

  • The Obstacle is the Way by Ryan Holiday – Ryan Holiday has quickly become one of my favorite authors.  This is a book of Stoic wisdom that, in the past few years, has become popular with the Seahawks and the Patriots.
  • Tools of Titans by Tim Ferriss – Tim Ferriss is one of the most successful podcasters ever, and this book is summaries of close to 200 podcasts he has done.  Highly readable, concise, and packed with good gems.
  • The Inevitable by Kevin Kelly – Kevin Kelly has, over and over again, been a very accurate predictor of future technological trends.  In the Inevitable, he explores 12 items, including topics such as Artificial Intelligence, that are sure to effect our future.
  • The Go-Giver by Bob Burg – read it a few times before, and always return to it.  One of the all time greats.
  • The Girl on the Train by Paula Hawkins – and to finish off the list, this is a great piece of fiction that will have you guessing until the very end!

Happy Holidays!

This was our fourth year hosting our annual Pie Party for our clients!  Per usual we went all out with a hot cocoa bar, kids coloring station, and of course, the ever popular photo booth from Licorice Photography!  If you haven’t been to a pie party yet it’s a must for next year!  Our focus is to make life easy for our clients, and this doesn’t just mean during a transaction.  Every November right before Thanksgiving we give out a pie to our clients who can make it to our party to help check something off the seemingly never ending holiday to-do list.   We gave out over 130 pies this time!  Check out our photos and we hope to see you there next year!

pieparty-1 pieparty-2 pieparty-3 pieparty-4 pieparty-5 pieparty-6 pieparty-7 pieparty-8 pieparty-9 pieparty-10 pieparty-11 pieparty-12 pieparty-13 pieparty-14 pieparty-15 pieparty-16 pieparty-17 pieparty-18 pieparty-19 pieparty-20 pieparty-21 pieparty-22 pieparty-23 pieparty-24 pieparty-25 pieparty-26 pieparty-27 pieparty-28 pieparty-29 pieparty-30 pieparty-31 pieparty-32 pieparty-33 pieparty-34 pieparty-35 pieparty-36 pieparty-39 pieparty-40 pieparty-41 pieparty-42 pieparty-43 pieparty-44 pieparty-45 pieparty-46 pieparty-47 pieparty-48 pieparty-49 pieparty-50 pieparty-51 pieparty-52 pieparty-53 pieparty-55 pieparty-56 pieparty-57 pieparty-58 pieparty-59 pieparty-60 pieparty-61 pieparty-62 pieparty-63 pieparty-64 pieparty-65 pieparty-66 pieparty-67 pieparty-68 pieparty-69 pieparty-70 pieparty-71 pieparty-72 pieparty-73 pieparty-74 pieparty-75 pieparty-76 pieparty-77 pieparty-78 pieparty-79 pieparty-80 pieparty-81 pieparty-82 pieparty-83 pieparty-84 pieparty-85 pieparty-86 pieparty-87 pieparty-88 pieparty-89 pieparty-90 pieparty-91 pieparty-92 pieparty-93 pieparty-94 pieparty-95 pieparty-96 pieparty-97 pieparty-98 pieparty-99 pieparty-100 pieparty-101 pieparty-102 pieparty-103 pieparty-104 pieparty-105 pieparty-106 pieparty-107 pieparty-108 pieparty-109 pieparty-110 pieparty-111 pieparty-112 pieparty-113 pieparty-114 pieparty-115 pieparty-116 pieparty-117 pieparty-118 pieparty-119 pieparty-120 pieparty-121 pieparty-122 pieparty-123 pieparty-124 pieparty-125 pieparty-126 pieparty-127 pieparty-128 pieparty-129 pieparty-130 pieparty-131

 

The real estate market, the election, and what’s next.

“Buy land, they’re not making it anymore.” -Mark Twain
First off, a disclaimer – this is a non-partisan opinion. 🙂 It’s been quite the election season, and this post is intended to give some perspective and projections on what to expect regarding real estate.  There are three items to be on the lookout for: interest rates, policy, and uncertainty.
RATES:  in the week since the election, we’ve seen an approximate .75% increase in rates, depending on loan product, program, etc.  For context – on a loan amount of 500K, this is a difference in payment of $250.  A rate increase of this amount in this span of time is relatively uncommon.  I won’t say unprecedented, but certainly uncommon.
POLICY:  this will take a while to sort out.  Some of the proposals that President elect Trump has floated include scrapping the Dodd-Frank banking reform act and eliminating the Consumer Financial Protection Bureau, which was created in the wake of the last recession.  Whether or not these things happen remains to be seen, but if they do, it will not be immediate.  
UNCERTAINTY: perhaps most significant are the factors of perception and uncertainty.  Markets are made up of people, and people’s uncertainty is what has fueled the interest rate increase.  Given that there is an inherent degree of uncertainty in any presidential change, this is something that we will all have to live with, at least for a while.
In my personal opinion, none of this equals the next Great Recession.  I lived through that early on my career, and in my humble estimation we aren’t there.  What I observed through the last recession is that people always have to move.  People need shelter, and those shelter needs are constantly changing: job relocations, job promotions, retirement, growing families…the list goes on.  A home that worked for someone 5 years ago may not work for them now.  And this is what guarantees a future real estate market.  Specifically for Western Washington, two factors compound this, the first of which is possessing one of the most robust job markets in the country.  Second, from the tenants perspective, we have one of the most difficult rental markets in the nation.  When faced with the prospect of renting or buying, owning makes more sense for a lot of people.
The bottom line is that there will be some turbulence in the near future, for sure.  This is inevitable.  However, I have a strong belief in housing as a fundamental need, and as a great asset over the long term.  Unless someone is looking to buy a home now and flip it in 6 months, I don’t see any reason why this should change someone’s long-term plans.
As always, we are always available to talk things over.  If you want to chat or have any questions give our office a call!

So far in 2016…

cropped-photo-smd
From left to right: Kelsey Juhl, Greg Willis, Dan Faulkner, Jr., Nicole Switzer, Andrea Perun
Hope you’ve had a great summer!  At The Dan Faulkner Group, we’ve been having a lot of fun, and helping a lot of people.  2016 has been one for the books, that’s for sure!
Low listing inventory has been the story this year.  Earlier in the spring, listings were down 30% year over year.  As of this summer, we are on par with 2015 for the most part, although that is still pretty low and is driving prices up.
So far, we have helped over 50 people with their real estate goals!  You have referred us 78 times, and we have in turn referred our service providers 157 times.  Thanks, as always, for your trust and helping us to refer on and support the local economy.
Most recently, we added a 5th team member!  Greg Willis started with us back in June.  Greg’s role is as a buyer specialist on the team, showing homes, negotiating offers, and walking buyers through the process.  Greg has a real estate background, as well as 10+ years in the hotel industry in Las Vegas.  He is a fan of Ohio State, and of course, the Seahawks!
Kelsey is expecting her first child in January, and we are all very excited for her.  Kelsey is a favorite with our buyers, and we expect she’ll be back to join the fun sometime next spring.
Andrea is getting ready to head out to Kauai in a couple of weeks (try not to feel sorry for her).  Nicole has been busy executing an excellent Gratitude Gathering (great seeing some of you at the Mariner’s game back in July, it was tons of fun!)  As for Dan, he is looking forward to the Seahawks season starting, as well as starting preparation with Andrea and Nicole for the 4th annual Thanksgiving pie giveaway.
Thanks, as always, for your support and referrals.  We couldn’t do it without you!  With a team of 5, we are better suited to serve your friends and family than ever before.  If anyone ever comes to mind who could use our help, just let us know, and we’d be happy to follow up! See you soon!

9th Annual Gratitude Gathering

We hope everyone had a great time at our 9th Annual Gratitude Gathering in July!  Sadly, the Mariner’s lost…but we are winners to have such fun clients to hang out with!  To those who came and to those who couldn’t make it, we hope to see you next year! #10 promises to be the best yet!

With gratitude, Dan, Kelsey, Greg, Andrea, and Nicole

 

This slideshow requires JavaScript.

Gratitude

“Generosity is the cure for scarcity.  Be the most giving person in every room you’re in and life will reward you with uncommon blessings.” -Robin Sharma

I use this quote not to describe myself, or my team.  But to describe you.  We have something exceptionally rare in the real estate world – a business committed to working 100% via referral.  So rare that when people ask us about our success, and find out we don’t pay Zillow an arm and a leg each month for leads, or don’t advertise anywhere, they’re almost disappointed.  It’s uncommon, and remarkable.

And I say this with humility, because the reality is that although we have served our clients well, provided lots of value, and been there through great markets and bad markets, all of this is thanks to you, the client.  The advocate.  The friend.  Telling someone else about your experience.

That’s what our annual Gratitude Gathering is all about (9th year this year).  Showing our appreciation for you, the people who make it all possible.  Having a good time and enjoying some (hopefully) good baseball.

So, thanks for being awesome.  And to those of you who couldn’t come this year, we thank you for your patience – 2015 was our biggest year at 140 people.  This year we have 150 and a waiting list.  We look forward to seeing you at the 10th annual!