OPEN HOUSE!~~BEAUTIFUL spacious new construction homes in THE LOVELY NEW HARVEST HILLS II neighborhood- Lake Stevens school district. Priced at $375K – $420K. Large homes from 2305-3159 sq ft. Good size lots 5646-7952 sq. Terrific floor plans, 3 bedrooms, 2.75 baths, den/office main floor (or 4th bedroom!) AND bonus room upstairs, gorgeous kitchens and finishes throughout. 2-10 year Warranty. What are you waiting for Come and see me 12-6 Friday 10/16 & Sat 11-5 10/17 and pick your new home! Photos are model. 5123 80th Ave NE Marysville.#harvesthillsII #snohomishcountyhomes #acmehomes
You have finally closed on your new home and with great rates and a beautiful home you can now relax all the hard work is over right? Not exactly. So get settled in and get use to a mortgage payment then, after a few months take a look on how you can get that mortgage down a bit faster.
Either right away, or in the future, there is a better way to pay that 30 year mortgage down quicker and build your equity faster. Here is a current payment schedule based on a approximate 4 1/8% rate. As you can see the first few years you are paying an astronomic amount in interest. Just think of what just one extra payment a year could do for you.
Here is a link to a great site I give to my buyers and sellers. While I am not a mortgage broker (I work with some great ones) I do believe all of us Realtors should provide better tools to our clients and be informed. After all, a home buyer, or seller, who understands the process is more comfortable with their home and their purchase.
Not only does this site have mortgage calculators. Check it out there is every kind of financial calculator you can think of. It actually is a bit addicting so have fun with it!
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
MORTGAGE & FINANCE news
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REAL ESTATE news
Seattle-Bellevue-Everett Metro area 3rd fastest-moving housing market in U.S.
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Water conservation tips for Seattle and all Puget Sound homeowners
Just for fun! Take a look at this Everett Home listed for Sale.
What a view of the Cascades and the entire Snohomish Valley! Can you imagine waking up each morning and having coffee on the deck to this? Its one of the very many scenic views our community offers and is the reason I call this area home.
Here are some top articles with Real Estate quick stats and “should knows” if thinking of buying or selling this spring.
Single family starts were up a strong 6.0% in March and are up 9.1% over the last two months. The 5-month moving average is the highest since July 2008. Plus, the number of homes under construction (started but not finished) is up 21% over a year ago!
March listings on realtor.com were up 9.5% from a year ago. In addition to better selection, buyers get more time to decide. The median age of inventory was 102 days.
Good News!! So how about those loans?
While standards remain tight by historical measures, lenders have started to accept lower credit scores and to reduce down-payment requirements.
Another sign that banks could get less picky: Credit scores for borrowers seeking conventional mortgages also are easing. Scores on purchase mortgages stood at 755 in March, down from 761 a year earlier, according to data from Ellie Mae, a mortgage-software provider. Those on purchase loans backed by the FHA dropped to 684, compared with 696 one year earlier. …
Smaller lenders are accepting even lower scores. Average credit scores on purchase loans closed through a consortium called LendingTree fell to 679 in March, down from the year-earlier 715.
“Tiny fractions of borrowers can do things that they could not a year ago,” said Lou Barnes, a mortgage banker in Boulder, Colo.
No one wants a return to the loose lending standards of the mid-00s – and I hope we never see another Alt-A loan – but I expect standards to loosen over the next few years. From Nick Timiraos and AnnaMaria Andriotis at the WSJ
And finally are you thinking of buying or selling? Here are some great articles and information from Zillow.
Home Shopping Season is Here
Spring marks the start of the home shopping season, when more houses typically come on the market and more buyers are searching for a home. Check out our tips below to ease your home shopping or selling experience.
Strategies for Buyers
- The market isn’t the same as it was five years ago. Understand the top home-buying myths.
- Home loans aren’t one-size-fits-all. Determine the right mortgage for you.
- Small amounts can cost a lot over time. See the difference 1 percent interest makes.
- What if you don’t see “the one” or a home is not in your price range? Make a plan to find your home.
Advice for Sellers
- Hoping for a quick sale? Top agents and interior designers identified the most valuable home improvements to fight the competition.
- Even if sales are picking up in your town, your home may not receive multiple offers. See three must-haves to get more offers.
Ever wonder who most of the home owners are? I don’t think I ever have wondered this questions but I was curious so I am sure others are too. Of course, I knew us Real Estate Agents would be in there but others surprised me a bit. However, after thinking more on what certain professions due and why some would need to own a home more than others these do make sense.
What do you think? Are there other professions that you think should have made the cut more that others? Let me know I would love to hear what you think.
TOP 9 PROFESSIONS who own homes, by percentage
Real Estate News
In 2013, the housing markets with the biggest increases in asking prices were all rebounding from severe price drops in the housing bust. Home prices are still in rebound mode, but this effect will weaken in 2014. Job growth, in contrast, mattered little for price gains in 2013 but helped drive rent increases.
In December, the year-over-year increase in asking home prices slowed for the first time since the price recovery began in early 2012: prices rose 11.9% year-over-year in December, compared with November’s 12.2% year-over-year increase. Asking prices rose 0.4% month-over-month, seasonally adjusted, the third straight month of gains less than 1%.
Overall, regression analysis shows that recent price gains are most strongly associated with the severity of the local housing bust. Markets where prices fell most during the bust (roughly 2006 to 2011, but varies by metro) offered bargains for investors and other buyers who have helped bid prices back up over the past two years. A second important factor is foreclosures: adjusting for other factors, metros with a higher foreclosure inventory today – including many in Florida – have slower price growth. Job growth, however, had little impact on local home price gains in 2013: the relationship between job growth and price gains was positive but not statistically significant.
Therefore, year-over-year price gains in December 2013 are still primarily a reaction to the housing bust, but this rebound effect is fading as we enter 2014. Looking at the quarter-over-quarter price changes throughout 2013, the relationship between the severity of the housing bust and the recent price recovery was stronger earlier in the year than later in the year. More specifically, the correlation between peak-to-trough price change (FHFA) and the Trulia Price Monitor quarter-over-quarter change was -.59 in March; -.45 in June; -.43 in September; and -.33 in December. This correlation is moving closer to zero, which signifies that the rebound effect is fading. As the housing market continues to recover, factors other than the rebound effect – like job growth – will matter more for price gains. That means slower but more sustainable price increases.
Note: These asking prices are SA (Seasonally Adjusted) – and adjusted for the mix of homes – and this suggests further house price increases, but at a slower rate, over the next few months on a seasonally adjusted basis.
From Trulia chief economist Jed Kolko: The Post-Crash Rebound, Not Job Growth, Drove 2013 Price Gains
Please take a look at this great interactive PDF with a map and average home price appreciation info for the entire United States by clicking through to this link, you’ll find the US Map and much more state specific data in an interactive version.
We hope you find this information useful and never hesitate if you would like to see more or would like more information.
Considering selling your home by yourself?
Is it worth it?
Only the home owner can answer that question but experience has shown that many for-sale-by-owners find that it’s not. Before making a costly mistake plus an astronomical amount of time and wasted energy consider the benefits, from A to Z, you receive from working with a Real Estate Professional:
Advertising– We have proven marketing strategies to get you the best exposure and your agent should be rocking out the info on your home non-stop.
Bargain– research shows that 77% of sellers felt their commission was “well spent.” For the other 33% I say they should have gotten another agent. We must work for you to reach a common goal for all! Look I don’t get paid if I don’t do my job and sell your house period. So why would I not want to do my best?
Contract Writing– An agent can supply the standard forms that are written by lawyers to protect all parties in the transaction which in turn speeds things up. If you sell by yourself you need to hire a lawyer to draw up the docs. How much does that cost?
Details– There is millions of them trust me. An agent frees you from handling the many details of selling a home. Getting an offer is the easy part holding the transaction together after is where the details really count.
Experience and Expertise– In marketing, financing, negotiation and more. If your agent does not get another one!
Financial Know How– An agent is aware of the many options for financing a sale and can make sure you home qualifies for as many as possible to open up the buyer pool.
Glossary- A real estate professional understands, and can explain, real estate lingo
Homework- Agents are informed through research and experience, an agent will know your market and the areas they work in daily.
Information– If you have a real estate question and agent will know (or can get the answer)
Juggle showings– We agents handle all showings and the 10 phone calls of anxious buyers who want to be the first one to get in and see.
Keep your best Interests in mind– It’s our job! Selling you home is emotional and you need to trust your agent with information to help them help you.
Laws– A real Estate professional will be up-to-date in real estate laws that affect you.
Multiple Listing Service– Our number one tool to get your home out there to over 5,000 agents with potential buyers. Bringing you both together.
Negotiation– An agent can handles all price and contract negotiations.
Open Houses– A popular marketing technique that gives you exposure.
Prospects– Our network is huge and with reverse prospecting we know what other agents are looking for. In turn helping to produce potential buyers.
Qualified Buyers– You don’t need any looky-loos you need Pre-approved buyers period or if cash proof of funds. We make sure that is the case.
Realtor- An agent who is a member of the National Association of Realtors and subscribe to a strict code of ethics.
Suggested Price– An agent will do a market analysis to establish a fair price range. I also go a step further and visit other for sale properties in the area to for competition and how we can stand out from the crowd.
Time- How much time are you willing to put into selling on your own? Believe me it can be huge and its one of the most valuable resources that an agent can provide.
Unbiased Opinion– Most owners are too emotional about their home to be objective. Of course they are! They have lived there, raised their kids, remodeled and have many memories. Someone wanting to buy your home has none of that and honestly does not care. It’s what is in it for them and if it fits their needs. This is one of the hardest thing a home-owner needs to do is emotionally remove themselves from their home. Stand back and look at it from stranger’s eyes. Not an easy task!
VIP– That’s how you will be treated by your agent and if not get another one! No excuse… period.
Wisdom- A knowledgeable agent can offer the wisdom that comes with experience.
X Marks the spot– An agent is right there with you through the final signing of papers and can help you coordinate moving plus so many things you may have never thought about.
Zero-Hour Support– We are there to support you!