Abstract: The iron chalcogenide Fe1+y(Te1-xSex) is structurally the simplest of the Fe-based superconductors. Although the Fermi surface is similar to iron pnictides, the parent compound Fe1+yTe exhibits antiferromagnetic order with in-plane magnetic wave-vector (pi, 0). This contrasts the pnictide parent compounds where the magnetic order has an in-plane magnetic wave-vector (pi, pi) that connects hole and electron parts of the Fermi surface. Despite these differences, both the pnictide and chalcogenide Fe-superconductors exhibit superconducting spin resonances around (pi, pi), suggesting a common symmetry for their superconducting order parameter. A central question in this burgeoning field is therefore how (pi, pi) superconductivity can emerge from a (pi, 0) magnetic instability. Here, we report that the magnetic soft mode evolving from the (pi, 0)-type magnetic long-range order is associated with weak charge carrier localization. Bulk superconductivity occurs only as the magnetic mode at (pi, pi) becomes dominant upon doping. Our results suggest a common magnetic origin for superconductivity in iron chalcogenide and pnictide superconductors.