Buying a house

Buying a house Home Prices: What Happened in 2020? What Will Happen This Year? Home Prices: What Happened in 2020? What Will Happen This Year? The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices […]
Buyers in Seattle With Home Values Surging, Is it Still Affordable to Buy Right Now? Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new […]
Buying a house Will Mortgage Rates Remain Low Next Year? In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):When you continually hear how rates are hitting […]
Buyers in Seattle Mortgage Rates Hit Record Lows for Three Consecutive Weeks Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is huge for homebuyers. Those […]
Buying a house What Are Experts Saying about Home Prices? Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual […]
Buyers in Seattle Top Reasons to Own Your Home Top Reasons to Own Your Home [INFOGRAPHIC] Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year. Let’s connect today to […]
Buyers in Seattle Why This Summer Is the 2020 Real Estate Season With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new […]
Buyers in Seattle Questions to Ask During Your Virtual Home Tour This is a great post from the Windermere Blog to help Buyers know how to interact with a virtual open house.  Posted in Buying by Sandy Dodge   Image Source: Canva   Thanks to COVID-19, the new reality is that many open houses and home tours are being conducted virtually. For prospective home buyers, this […]
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Buyers in Seattle Hey Buyers: Things Are Slightly Softening Here in the Seattle area, you may have heard that the real estate market is fast with prices escalating to unheard of heights.  Buyers have made offers with some creative details to win the house, and those still looking have become tired since the same house they didn’t win last year is now priced $50k-$100k […]
Buyers in Seattle Are You Ready to Buy in this Seller’s Market? Are you hearing stories of crazy escalating prices for homes in the Seattle area?  Is the tax reform law scaring you from fulfilling your home-owning dreams? (See How Do the Tax Reforms Affect You? for more information). I get it. Those are both things that would give me pause in jumping in the game too, but […]
Buying a house Building Your Wealth with Real Estate Are you ready to increase your wealth?  I know I am. Over the next five years, home prices are expected to appreciate 3.24% per year on average and to grow by 21.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an […]
Buyers in Seattle 5 Reasons to Hire a Real Estate Professional When Buying & Selling! Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED […]
Buying a house Buyers, please use a Real Estate Broker! “Why aren’t you using a real estate broker to help you make your offer?” I asked the man on the phone.  I often hear of Sellers wanting to do a For Sale By Owner (FSBO), but rarely hear of a Buyer doing it on their own. “Because I want to use the Buyer Broker’s commission […]
Buyers in Seattle The Eastside Seattle Market is Competitive Sellers, it continues to be an amazing year for you folks.  Buyers are begging to see your houses and can't wait to pay top dollar with the least amount of contingencies in their offers.  You are also doing a great job getting your houses ready.  You are making the choice for Buyers to offer easy […]
Buying a house Hang In There Seattle Home Buyers ~~It’s a tough go for Buyers right now in Seattle.  The inventory is very low, and when they like a house so do 12 other Buyers.  This market requires Buyers to pay for pre-inspections so they can waive it for the offer.  One of my Buyers paid for 4 inspections before they finally got mutual […]
Buying a house Dear Future Seattle Homeowners ~~Dear Seattle Buyer, Thank you for choosing me to help you find a home, but I would like to apologize for a few things in advance. 1. I am sorry that you have to pay so much this year for a house that was 24% cheaper three years ago. 2. I am sorry that we don’t have […]
Buying a house Make the Most of the Open House Experience Open houses are a staple in the real estate business.  It allows people to preview a home without a real estate broker to let them inside.  For real estate professionals, it creates an opportunity to sell their listing, meet neighbors for future listings, or meet Buyers who don’t have an agent yet.  Some people love […]
Buying a house Look Beyond the Motif ~~My own personal style when it comes to clothes, music, cars, and home décor leans toward simple lines and classic styles.  The Audrey Hepburn sheath dress, songs from the 70’s/80’s, the Ford Mustang, a retro-style home are all things that I enjoy.  So, when I walk into a home that is decorated as if on […]