Buying Houses

Buying Houses Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage […]
Buying Houses What’s the Difference between an Appraisal and a Home Inspection? If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. […]
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 […]
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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 […]
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 […]
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 […]