Thai Nguyen Real Estate Podcast
Thai Nguyen Real Estate Podcast

Thai Nguyen Real Estate Podcast

Thai Nguyen

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Recent Episodes

A Word About Luxury Condos in Bellevue
FEB 21, 2017
A Word About Luxury Condos in Bellevue
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} If you want to buy a luxury condo in this incredibly competitive market, don't be afraid to offer an extra $5,000 or $10,000-- it won't impact your monthly payment as much as you think. Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} Today I’m coming to you live from the kitchen of a luxury condo in the heart of Bellevue to talk a little bit about these specific properties. The average luxury condo in this area is going for $767 per square foot. The condo I’m standing in right now is 1,641 square feet and it’s priced at $1.6 million. I frequently get questions from buyers asking if they should pay an extra $10,000 if they’re in a multiple offer situation. If you offer an extra $5,000, you'll pay $10 to $20 more per square foot. Make sure you break down those numbers along with whatever your interest rate may be to determine what your payment difference is. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} Right now we’re in a seller’s market. Most of the properties we’re listing are lasting only about three to five days on the market, and we’re reviewing a lot of multiple offers. Make sure that you effectively understand the difference of payment so you’re not stuck paying an extra $5,000 or $10,000. If you have any questions about this topic or are interested in buying a luxury condo, please don’t hesitate to give us a call. We’d be happy to help you! Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri",sans-serif; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}
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-1 MIN
What Can Home Equity Do for You?
JAN 18, 2017
What Can Home Equity Do for You?
<iframe allowfullscreen="" frameborder="0" height="360" src="https://www.youtube.com/embed/SIYSRIRnfj0?rel=0" width="640"></iframe><br /> <div style="text-align: center;"> <i><span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">If you live in a home for a long period of time, you’re building equity off that home. Here’s how you can use that equity.&nbsp;</span></span></i></div> <div style="text-align: center;"> <br /> <i style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;">Buying a home?&nbsp;<b><a href="http://www.thenguyenteam.com/listings-search/#/398466887" target="_blank">Click here to perform a full home search</a></b></i></div> <div style="text-align: center;"> <div style="text-align: center;"> <i style="background-color: white; font-family: arial, helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;">Selling a home?&nbsp;<b><a href="http://www.thenguyenteam.com/contact/" target="_blank">Click here for a FREE Home Price Evaluation</a></b></i></div> </div> <br /> <br /> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">How can you build wealth using your home?</span></span><br /> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span></span> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">When you live in your home over a long period of time, you’re building equity off that home. During that period,<b> you’re paying more off the principal of that property instead of the interest.</b> This is a useful way to pay down your mortgage and earn equity.</span></span><br /> <br /> <div style="text-align: center;"> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div> <div style="background-color: white; border: solid 1px #c9c9c9; display: block; margin: 0 auto; padding: 20px 10px; width: 80%;"> <span style="color: #015fa5; display: block; float: left; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px; position: absolute;">“</span><br /> <div style="color: black; font-weight: bold; margin-top: -20px; padding: 0px 10px; text-align: center;"> <br /> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">You can use the equity of your home to&nbsp;</span><br /> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: large;">pay off debts and assets. </span></div> <span style="color: #015fa5; display: block; float: right; font-family: &quot;arial&quot; , sans-serif; font-size: 100px; line-height: 50px;">”</span> </div> <div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <br /> <br /></div> </div> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><b>When you build a lot of equity, you’re able to take out a home equity line of credit out. </b>This can allow you to pay off anything from a large asset—such as your car—to an outstanding loan debt. When you take a line of credit out of your home, you can also get a tax deduction off that amount. </span></span><br /> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><br /></span></span> <span style="font-size: normal;"><span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;">If you have any questions about this topic or are interested in buying or selling real estate, feel free to reach out to us so we can discuss building your portfolio and achieving financial freedom. I look forward to speaking with you! </span></span>
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-1 MIN
How Important Is a Sewer Inspection?
DEC 5, 2016
How Important Is a Sewer Inspection?
.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Why are sewer inspections so important for your house? I've brought in a professional inspector to explain why the $200 inspections could save you tens of thousands of dollars. Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation Today I wanted to take a moment to tell you about why it's important to do a sewer scope or inspection on a property. I've brought in an expert in Todd Vecchio of Sound Sewer Inspection to help me explain the process. A sewer inspection is an important part of the house you're buying that you can't see, Todd says, and can have a value from $50,000 to $75,000. It's the one part of the house that has a very substantial value that you can't see. “ A sewer inspector will put a camera into the system's pipes, like a colonoscopy for the house. ” A sewer inspector will put a camera into the system's pipes, like a colonoscopy for the house. The camera will travel every inch of the pipes, from where it leaves the house all the way to the street. You want to be sure the system doesn't have any cracks, breaks, or root intrusions. Root intrusions can be a big problem here in Seattle. As Todd says, it's a really good $200 insurance policy to make sure you don't have a $30,000 problem out in the street. Along with the inspection, you'll get the video and a thorough report so that you get the total picture. If you're interested in learning more or you have questions about sewer inspections for Todd, you can give him a call at (206) 619-9990 or email him at [email protected]. If you have any real estate questions for me or you're thinking about buying or selling a home in the Seattle area, don't hesitate to give me a call or send me an email. I would love to work with you!
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-1 MIN
Are You Thinking of Purchasing a Condo?
NOV 7, 2016
Are You Thinking of Purchasing a Condo?
.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Buying a condo can be a big purchase, and it’s important that you do your research before you make an offer. Today I’ll go over five things you need to know before buying a condo. Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation Today I want to go over five things you need to know before you purchase a condo: 1. What are the HOA dues? What do the HOA dues cover? Sometimes they cover lawn maintenance and swimming pool upkeep while others cover water utilities and trash collection. The condo in the video is technically a townhome, so the HOA dues, in this case, are much lower. You would only have to pay $120 a month, but that’s because the HOA only covers landscaping maintenance in the common areas. 2. What is the rental cap? Make sure that each condo association you are interested in does not allow a lot of renters. When rental rates are high, the next person who purchases a condo in that complex will have a hard time getting financing, which could mean that you will have trouble when it comes time for you to sell the property in the future. “ The rental cap directly affects the resale value of your condo. ” 3. How much money is in the reserves? You want to make sure that you look at all of the financial aspects of the condo association. The condo association should have enough money in the reserves for future repairs. Every two years, the condo will undergo an inspection, and if there is not enough money in the budget, you will wind up incurring the costs of repairs. 4. Are there any pending assessments? Pending assessments are very important; some associations that are five, 10, or 20 years old could need roof repair in the future. If there is not enough money saved up, there will be a pending assessment. You want to know when those are coming up because again, if there is not enough money in the reserves for repairs, you will have to pay out of your own pocket. 5. What are the rules and regulations? Do they fit into your lifestyle? Many condos have pet restrictions. Some may only allow cats and other small pets, while other condos allow dogs of a certain size. Some dog breeds may not be allowed in the condo. You will also want to ask about things like parking restrictions or whether or not you can barbecue on the balcony. It is very important to do your research on these five items before you submit an offer for a condo. If you have any other questions about buying a condo or about real estate in general, give me a call or send me an email. I would be happy to help you!
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-1 MIN