Seller Prepare For The Home Inspection

Be Prepared!

I know the last year has you asking yourself I don’t need to worry buyers are waiving inspections. I guarantee you that is changing and if you do not wish to have a Seller’s pre-inspection than you may wish to check out this list. You can make your home more attractive to buyers and increase your likelihood of obtaining a positive inspection report by performing routine maintenance now before going on the market.

A visual inspection does not pass or fail a house but simply describes those items in need of minor or major repair or replacement. The inspector will visually examine the structure, crawl space, attic, mechanical components and all interior rooms, as well as closets.

On the day of you can help by having keys available to any locked doors, removing obstacles around water heaters and other appliances, removing items from closets that provide access to attics, and so on. Please be ready to indicate the location of hidden components such as the water meter, electrical panel, sump pump and main sewer clean out.

You can eliminate seasonal limitations on the inspection by clearing pathways of snow or debris. Ensure that appliances not tested because of the temperature (such as air conditioners in winter) are operation. Move boxes and storage items away from interior walls and make certain the entire perimeter of the house can be observed. Finally, leave pets with a friend or, take them with you, for the few hours of the inspection.


EXTERIOR COMPONENTS

  • Repair minor defects in the exterior wall coverings.
  • Repair damaged masonry on walkways and steps.
  • Repair missing or loose railings on decks and steps.
  • Recaulk around exterior windows and doors.
  • Replace missing or damaged shingles
  • Recaulk around flashing.
  • Clean debris from gutters.
  • Ensure downspouts are intact and water drains away from the house.
  • Trim trees and shrubs away from the roof.

INTERIOR COMPONENTS

  • Loosen any windows that are painted shut.
  • Replace missing or faulty hardware on doors and windows.
  • Repair any broken or cracked windows.
  • Replace damaged baseboard or molding.
  • Recaulk around bathtub and kitchen/bathroom sinks.
  • Re-grout tub and shower enclosures and the kitchen backsplash.
  • Repair leaky faucets and fixtures.
  • Unclog slow drains using commercial cleaner.
  • Replace oversized fuses with proper fuses.
  • Repair faulty receptacles and switches.
  • Ensure exhaust fans are in working order.
  • Have the fireplace chimney swept.
  • Have the furnace or other major appliances serviced.
  • Ensure central vacuum, garbage disposal, water softener and other ancillary components not part of the standard inspection are in working order.
  • Replace dead batteries in smoke and CO detectors.
  • Have service contracts, manuals and warranties available and in a drawer for the inspector/buyer to access.

Prior planning always pays off and makes for a smooth transaction after securing a buyer. Reach out to me for questions on this or if you are considering selling your home.

Rental payments now to be included as part of purchasing a home.

Hey RENTERS we have good news!  Rental payments now to be included as part of the underwriting process!

Happy Home Buyers.

What does this mean?

Did you know that effective Sept 18 Fannie Mae has allowed rental payment history to be included in the underwriting process. Essentially making it easier for renters to become homeowners!  

Rent is most times the largest expense for families and history of paying it on-time will now be considered for credit worthiness.  With Fannie Mae’s new guideline, any missed rental payment wont’ keep you from getting a mortgage.  With what’s going on around us, this couldn’t have come at a better time.

“For many households, rent is the single largest monthly expense. There is absolutely no reason timely payment of monthly housing expenses shouldn’t be included in underwriting calculations,” said Thompson. “With this update, Fannie Mae is taking another step toward understanding how rental payments can more broadly be included in a credit assessment, providing an additional opportunity for renters to achieve the dream of sustainable homeownership.”?

Those you might have been previously rejected due to lack of credit history may have greater chances getting into their dream home.

If you think this will benefit you, reach out today and let’s hop on a call to discuss next steps!

The Home Connection

Happy Tuesday and Welcome to August! Yep, I am a few days late on the monthly newsletter please forgive me I was having a very fun weekend at the Gorge and Watershed. A bit slow and tired today but it was worth it. 🙂 So as we slide into August enjoy with some great events, ideas, tips, real estate news and its National watermelon day so go enjoy!

Real Estate Market in Snohomish County is seeing double digit escalation offers: Need sellers!

Trying something a bit unconventional! 💡If you do not know how the Real estate market is right now I am going to take a quote🗣 from the MLS “The economics of scarcity are driving prices up at an unsustainable pace,” said Dick Beeson, managing broker 👩‍🏫at RE/MAX Northwest. “What will happen this spring and summer 🌞 will likely be more of the same. 🆘The real estate vortex we’re in of depleted inventory and high prices is real and unrelenting.” “If interest rates weren’t historically low, buyers would be unable to afford the escalating cost of housing,” suggested Beeson. “We’re feeling nervous about where this market is headed,” he said, adding, “Help is not on the way. Sellers are almost as rare as the dodo bird.” Although he noted the number of new listings🏡 coming onto the market has kept pace or even exceeded last year’s totals in some areas, (Not Snoho county) “new listings are immediately devoured by a plethora of waiting buyers.” The situation has buyers asking, “Am I paying too much?” 💸and sellers asking, “Can we ask more?” 💸That answer for both is “Yes,” says Beeson

Do you know Snohomish county does not even have 2 weeks of inventory? I listed a home in Marysville a few weeks ago and within 2 days I had 18 offers! Many waived everything and, I mean everything. The offer my sellers decided to accept? 140k over asking and covering the difference of a low appraisal! 👀 So why am I bothering you with this?👂We have 5 home buyers that we have been working to find homes and one family that currently has 7 family members living in the same townhome as they have special needs and we want to find them homes! We were just beat out of an offer that we put in for them. Our offer was 50k over asking and waiving all we could plus they would cover a 25k low appraisal. The offer that got it was $80k over list❗️❗️In almost 11 years in Real Estate I have never experienced anything like what is happening. I rarely do not get my clients the home they want on the first try but, right now there are to many buyers, low interest rates and not enough homes on the market to sell. So I am trying to think outside the box.🕵️‍♀️ If you happen to know of anyone thinking of selling within these parameters can you PLEASE consider having them contact me? 📞 Believe me I have scoped out everything online, even FSBO, and so I am reaching out.

✅ Local firefighter‍🚒Veteran wanting to use his VA loan for the first time. They are approved for up to 500k. They would love a small rambler w/garage and a bit of a yard. Flexible on area. Currently looking in Lake Stevens, Marysville and Arlington. 3-bed, 1.5 bath. Home does need to be in good condition for VA financing but if something is called out and if a little something is needed to push I will do it!

✅Family of seven. Multigenerational family with one of the parents being confined to bed permanently. We are trying to find a home that has 2, or potentially 2, living arrangements. A split maybe for parents to live downstairs and the younger families up? They have 2 small pet 🐐goats so no HOA neighborhood. Underwritten approved to 675k.

✅First time home buyer with 2 small kids and need a home they can keep their laying hens with them. No HOA against chickens. 🐓3 bed/ 1.5 bath with a garage detached or attached. Like homes with a bit of lot. Looking in Marysville, Granite falls, Arlington area. Underwritten approved to 500k.

✅First time home buyer couple. No kids yet but want to have a couple fur babies 🐕🐕‍🦺soon as they lost there two older ones in the last year. Underwritten approved to 570k, 3 bed, 2 bath. Like newer modern homes but not the zero lot line ones.

✅First time home buyer expecting their first baby in May. Underwritten approved to 425k. Flexible on location but prefer Everett and going east or north is okay. At least a 2 bedroom, 1 bath.

🔑This is not something I would normally do or ask but I want to do the best for my clients and never hurts to try right?

Please reach out if you know of anyone, wanting or thinking, about selling. That could help my buyers or another family that is looking for a home. ☎️

Thank you!!

The Home Connection Feb-2021

Martin Luther King, Jr. 2021

Fill in the blank…

“I have a _________…”

It doesn’t take a psychic to know what word you chose.

Was it “dream”?

Good chance it was. We all know this line from Martin Luther King, Jr.’s famous speech. So when we hear those first three words, it sort of naturally comes to mind.

But what many people aren’t aware of is how much he affected the lives of real estate agents, buyers, and sellers.

It was his death that gave Congress the last push needed to pass the Fair Housing Act, back in 1968. It’s pretty involved, but to put it simply…

This was put in place to ban racial discrimination in housing. You can’t be refused the rental or purchase of a house, based upon your race.

Seems simple enough to most people now. A given, if you will. But it didn’t happen overnight. And believe it or not, it still can and does come up.

But guess who’s a big part of making sure this Act is followed…

On the front lines, it’s real estate agents. We’re tasked with making people aware that discrimination based upon race (and many other things) are not acceptable, and they must refuse to work with anyone who wants to do so.

Real estate agents are proud to be a part of this ongoing history.

Today is the day where we take a moment to reflect and pay him respect. It’s also a good day to share some insight into how much more responsibility real estate agents have than meets the eye.

Your Home Connection Newsletter

I hope you all had a wonderful Thanksgiving and weekend! Here is your December issue of our Newsletter. With your eye on this crazy busy market, tips and includes some gift ideas! 😊 Have a blessed, happy and safe holiday season.

Check out our NEWS you can USE

Real Estate News

Its crazy busy out there! Buyer demand brings home prices up 8.5% in July
Real estate remains strong in current economy
Considering selling? How to market your home in today’s climate
Rare home-buying opportunity for millennials due to Coronavirus
First time home buyers it’s a tough market for you. Do your homework for the least hassles or call us and we will walk you through it.
25 tips for first time homebuyers
Are more Americans planning to purchase homes due to coronavirus?

BOREDOM BUSTERS

Have you visited any of Washington’s 23 wackiest attractions?
Missing baseball? How about that food? Mariners bring ballpark food to you with cooking demos & recipes
Take in the view with this live camera tour of the Space Needle
Video Expert advice on HOUZZ from a designer on color pallette

LOCAL News

Annual auction of Washington Wines will be held virtually! Washington Wines (AWW) has raised more than $50 million, benefiting Seattle Children’s Hospital and Washington State University Wine Science Center.

Best places to pick Blueberries in the Puget Sound region.

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MORTGAGE & FINANCE news.

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Mortgage applications up 6%
Economists predict mortgage rates may stay below 3%
Mortgage interest rates nearly reach the lowest rate on record

Why now may be the right time to invest in real estate 
How millennials are investing to make a social impact

HOME TRENDS

Did you know brass is making a comeback? What do you think?
Stylish laundry room trends
10 best home improvement trends
5 ways to redesign your living room

A look inside 3 Seattle home offices
Spring/Summer home trends
26 home décor trends of 2020