The housing market in the Pacific Northwest remains competitive with the continued lack of inventory. Home buyers need to be patient and prepared for the process to possibly take a while. There are some actions that you can implement to help improve your odds of having your offer accepted over other offers. [Read more…]
How to Improve Your Odds of Getting YOUR Offer Accepted
July 14, 2024 by Leave a Comment
Who’s Buying Homes in this Market?
June 22, 2024 by Leave a Comment
The Existing Home Sales was released yesterday which reports on the closings of existing single-unit homes.
Would you be surprised to know that last month, 31% of all sales were first-time homebuyers? [Read more…]
Visiting Open Houses? You Need to Be Fully Preapproved
March 2, 2024 by Leave a Comment
It’s fun to visit open houses on the weekends. You may be picturing yourself living in the home, enjoying the backyard or perhaps making a few home improvements to really make it “yours”.
If you’re even thinking about buying a home, I strongly encourage you to get fully preapproved before you find yourself at an open house wanting to present an offer.
Here are some steps I recommend for anyone considering buying a home. [Read more…]
What is the difference between a Bridge Loan and a Cash Buyer Program
November 17, 2023 by Leave a Comment
Bridge loans allow people who want to buy their next home to access a portion of their home equity to use as down payment and/or closing cost. They have been around for quite a while and has been a great tool to help accommodate home purchases. When I was at Mortgage Master, we offered bridge loans to qualified borrowers. [Read more…]
True Horror Story: Trapped by the 3% Mortgage Rate
October 31, 2023 by Leave a Comment
If you’re a homeowner wanting to buy your next home, you might be feeling reluctance to trade your existing interest rate for a current mortgage rate. It’s easy to understand when mortgage rates are double from what they were a few years ago. Historically speaking, mortgage rates are actually closer to what would be considered more of an average range than the Fed manipulated rates of years past.
I may have some good news for you. No, it’s not a trick…this can actually be a treat! [Read more…]
Why It Makes Sense to Buy Before Mortgage Rates Move Lower
August 5, 2023 by Leave a Comment
Seattle area Real Estate Broker, Kim Mulligan, posted this on Facebook a couple of days ago regarding a recent listing:
“For those of you that were clamoring to be my neighbor, I have bad news. A pricing war ensued and an offer was chosen last night. Ends up we had well over 80 parties tour the home in two days, several offers came forth, and a lucky buyer will get to share a fenceline with me. Why do I mention this? Many people think that there isn’t a market right now because of interest rates. Yes, buyers are careful and shy. The truth is some people have to move in any market. Sellers don’t need to be afraid to list their homes. Yes, buyers are choosey, but priced and presented well, and with the right lender where you can change your interest rate when it drops down again, your home could sell within 3 days as well!” [Read more…]
Is Your Low Rate Stopping You from Buying Your Next Home?
July 6, 2023 by Leave a Comment
Many Americans took advantage of the extra low rates that were available during the pandemic years. Some may be feeling trapped at having a rate in the 3% range since we’ve returned to a more historically “normal” range. [Read more…]
How to Buy This West Seattle Home? Let Me Count the Ways!
May 22, 2023 by Leave a Comment
UPDATE 5/26/2023: It’s no surprise to me…this home went immediately pending. If you are considering buying a home, it is so important to be fully approved and perhaps better yet, consider using a program that allows you to present an extra competitive cash offer. PS: I can help you with that!
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