How Much Home Can I Afford?

This is a common question from first time home buyers.  When working with home buyers who are just beginning the process, after discussing credit and other information, I like to ask in return:

  • What type of monthly mortgage payment would you be comfortable making?
  • How much money are you planning on using for a down payment and closing costs.

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Tips for Homebuyers and Sellers in Washington State

selling a home in washington stateYesterday I was interviewed by Melinda Fulmer for an MSN Real Estate article.   Here were a few of my pointers (with some clarification) for buyers: [Read more…]

My Second Home

I often tell the story, when I’m meeting with first time homebuyers who are a bit discouraged with today’s home prices, about my first home.   We were renting a nice apartment in Kent when a builder had left a flyer on our car promoting that if we could afford $X in rent, then we could afford $X of a brand new house!  WOW!  I couldn’t believe it…but my wheels were turning.  [Read more…]