Appraisals – A Critical Part of the TransactionWhen a buyer takes out a mortgage, or when a homeowner refinances their home, the lending bank or entity will conduct an appraisal to verify the market value of the home. This protects the bank’s interest in the home and helps verify the percentage of equity the buyer or homeowner has or will have in the property.
It is important to know that ...
Short-Term Housing Options – Successful Home Selling and Buying
If you are one of the millions of homeowners across the country with equity in their homes, congratulations! If you take a look around and realize your home no longer suits your needs, you may be thinking that a move is in your future. However, many areas around the ...
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In the market we are having an inventory challenge with our real estate market. There are simply not enough homes right now for sale to meet the buyer demand. Many homeowners are sitting on the sidelines, happy about what the increase demand is doing for home values, but they don’t want to tap into their home’s growing equity by selling their home and moving up for fear they either can’t find a home that was worth their leaving or they ...
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Sorry for the boring video, but it is the easiest way I know to convey that we have LOW INVENTORY!!! If you’re thinking of selling your home, now might be the time! Prices are up and inventory is super low! Buyers are almost begging to be the one to buy your home! Check out the stats and give me a call, text or an e-mail. Thanks!
Continue Reading →Absolutely turn key home in Classic View Estates! All the updating has been done for you! Newer roof, newer siding, newer vinyl double pane windows, HUGE composite deck for entertaining with a view of Mount Rainier! All of this on a shy 1/2 acre lot in a quiet gated community. Lots of room for gardening, RV parking, toy storage, you name it it’s all here! Don’t miss the HUGE storage area in the garage either! 4 Bedrooms. Living room up, ...
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The video above gives you a good national perspective. Here’s how the stats break out for the three county area (Pierce, Thurston and King County).
In Pierce county we closed out 2015 selling 13,273 homes, that’s up from 11,307 in 2014, a 15%. Pierce county finished the year with 2,001 Active listings compared to 2,752 active listings in 2014, a 27% DECREASE. So when you combine more homes selling with fewer homes on the market, that means we have LOW INVENTORY!! ...
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Wow! Rare find in Oakbrook! This stunning rambler in Oakbrook has been well cared for by the owner and it shows throughout! Tile roof, sprinkler system, manicured landscaping, the list goes on and on! Two separate living spaces are rare in a rambler, but we’ve got it here! Large rooms with large walk in closets! Bath off the master! Entertainment sized deck out back! Plenty of parking! Large Walk In Pantry! Close to Schools, shopping and parks! Don’t miss out ...
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You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future?
Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s target rate at their December meeting. For only the second time in a decade, this is ...
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Well if ever there was a doubt that recovery is underway, this article from RIS Media drops the mic on it! In 2015, home values across the US gained 1.1 Trillion dollars. (If someone wants to cut me a check for 1% of that, I’m pretty happy . . .anyone?) The article goes on to mention that we’re still 782 Billion off the high-water mark set in October of 2006, but not to shabby to be less than a Trillion ...
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A new report out by RealtyTrac shows that seriously underwater properties are down by 2.2 million in the US. RealtyTrac defines “Seriously Underwater” homes as those homes where the mortgage value is at least 25% higher than the value of the home.
Why is this significant? Well the obvious answer ...
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