Eastside Seattle Real Estate Blog

What Documents Do You Need When Applying For a Mortgage?

mortgage documentsIt Pays to Be Fully Prepared for a Mortgage

While it has gotten "easier" for home buyers to apply for a mortgage during the past couple years, don't be mislead - it's still an arduous process, as many of our Seattle area clients will tell you. Thus, it truly pays to be to be fully prepared before seriously looking for a home, as knowing what's ahead can save a home buyer thousands of dollars long-term.

All mortgage applicants, regardless of income or financial status, should expect to provide lenders with plenty of documentation prior to approving the mortgage application and funding the loan. Between July - September 2012, fewer than 6% of banks tightened mortgage guidelines, and roughly 10% of banks actually loosened them. But, don't be fooled... applying...

Move-Up Home Buying Opportunities in 2013 at Snoqualmie Ridge

Currently own a smaller home at Snoqualmie Ridge and feeling a bit "squeezed"? Thinking of buying a bigger house? Move-up home buyers have a great opportunity going into 2013 at Snoqualmie Ridge due to the VERY strong demand for homes priced at, or near $400,000, compared to the somewhat weaker demand for homes priced above $500,000.

To demonstrate the move-up opportunity compared to years past, let's compare the number of sold homes at Snoqualmie Ridge in 2006 and 2012.

  >>>  Hover over the chart to see the differences  <<<


New Listings Under $400K in High Demand at Snoqualmie Ridge

Pending sales at Snoqualmie Ridge increased in November, and demand for pre-owned homes under $400,000 is exceptionally high, as we experience the lowest available inventory in that price-range in a few years. Fortunately, we've reversed what we discussed in November's market update for Snoqualmie Ridge, when the overall dynamics turned negative.

Pre-Owned Pending Sales Increase - Inventory Remains Tight

Compared to October, November's pending sales increased by 20%, while new listings dropped by 36%, with 9 new listings in November.  Closed transactions in November remained flat with 8 closings. Home...

Four Ways to Cut Seattle Home Heating Costs This Winter

house resale valuesIn the Seattle area, we?re blessed with relatively mild winter temperatures. In the winter and early spring months, the average lows in much of the Seattle Eastside area range from the low to mid-30s, with highs in the mid-40s to mid-50s. Of course, there are always exceptions to the rule.

Take, for example, the crazy snow storm we experienced in January of 2012 at Snoqualmie Ridge ‐ no one expected that! Area residents probably did not expect that record low of -3°F back in 1950 either. Fortunately, these extremes seem to be few and far between.

When the weather in Issaquah, Sammamish or Snoqualmie is frightful, you don't have to resign yourself to higher heating costs. Stay cozy while saving on heat with these four simple...

Why I'm a REALTOR - And Why You Should Care

Anthony GilbertThere's a common misconception that real estate agents only care about "the money" - their commissions. All commission-based compensation structures are an "easy target," no matter the industry.

Particularly in real estate however, the discussions tend to revolve around the expense of using an agent, rather than the benefits. This focus on "price" has led to "discount" agents and limited service listings (where the seller pays only to be entered into the MLS). While those options clearly have a place in the market, I do not believe they truly match the needs of most buyers or sellers. Whether they know this or not, is another matter.

Why the Focus on Commissions?

I believe potential clients (mostly home sellers) focus on commission...

Do Not Stay Home During Home Buyer Showings - Big Mistake!

We're all human - we all make mistakes.  Selling a home can be one of the most stressful events in our lives - we're most often dealing with people we don't know, while complete strangers are touring and judging our home, and they're often arriving on short notice. Trust me... we get it. We really do.

Part of our job as real estate agents is to mitigate our client's stress level while their home is on the market. In this stage of the home selling process, we're more often 40% agent, 60% psychologist. As you can imagine though, this is easier said than done. With emotions often running high, it's understandable that home sellers can make a few mistakes along the way.

So... this blog post begins our Seller Series - "Big Mistakes - What Not to Do When Selling Your Home."


Buying a Home Next To Vacant Land

asking questions when buying a houseLooking at homes which are adjacent to vacant or nearby undeveloped land? Avoid potentially nasty surprises! Investigate and verify the ownership, zoning and approved use of that land - before you buy.

Case in point... Several years ago I almost purchased a home in Bee Cave, TX (a west Austin suburb) which backed to private land. I appreciated the privacy, and the view was great. Coming from a typical suburban neighborhood, it was VERY tempting to write an offer, and be done with it. I asked my buyer's agent if she knew who owned that land, or what it was going to be used for - she said she didn't know. I later decided against that house. One of the primary reasons I decided against that home, was the uncertainty concerning the status of the vacant land - though I didn't...

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