My View of the Mortgage Market – December 2022 Gosh, I’m sick of talking about rates. But, if you or someone you know are considering buying a home, you do need to know what mortgage brokers are currently offering. In the past, brokers have offered a 2:1 buydown. Now, an effort to combat rising interest rates, they are also offering a 3:2:1 buydown. This concept can […]
  Should you sell as-is or update? On social media, I recently posted an article about the pros and cons of buying a home “as-is”. Here are my thoughts on the question. Some homes are still selling quickly, less than 2 weeks. Some of these have features that separate themselves – they have a view, a gated community, or some other special nuance. But, […]
  My View of the Market – November 2022 Everyone begins to shy away from buying or selling a home around this time of year. But should they? Here is my advice. For buyers: The best deals always occur at the end of the year. I believe that will be even more so this year. You may be asking, who wants to sell during Thanksgiving […]
  Featured Home – Lake Sammamish View Last month, despite a falling market and rising interest rates, we listed and sold a home in Bellevue’s Vasa Park neighborhood in under two weeks. As mentioned above, our team did the pre-work to get this home move-in ready before we listed – and that made the difference.  I spent 6 hours over two days […]
  My View of the Market – October 2022 The buzz in the media these days are housing price reductions. Is it true? I have researched all of the current data on the NWMLS. What is true is that average Days On Market (DOM) have increased this year. They have gone from 8 days to 15 DOM. To me, this means that well priced homes […]
  What about interest rates? Interest rates are still rising. It’s important to keep in mind that for every point the interest rates rise, a buyer’s buying power is reduced by 10%. This is because their monthly payment increases.  Here’s an example. Let’s say you are financing $500,000 and your interest rate is 4%. Your monthly payment would be $3,079. […]
  What about prices? Inventory has been a problem for a while now and this news isn’t getting any better. New listings are down 25%. But, on the flip side, so are the showings per listing. In fact, the entire market (buyers & sellers) has reduced by 25%, so this has all balanced out. And, this is a good thing. It’s because of […]
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