Pre-Approval is better than pre-qualification!
Prequalifying for a mortgage loan is pretty easy. Yet, It’s practically purposeless. Having a pre-qualification letter just indicates that you discussed your financial situation with someone at the mortgage lender’s office. It indicates that you did not provide any documentation. And the lender didn’t verify any of the verbal information that you gave them. It […]
COVID19 Impact on Real Estate for 2020-21
Real Estate and COVID-19 COVID-19, the 100-year flu Pandemic, continues to severely impact our daily lives and economies around the Globe. Several clients and friends have asked about how it might affect the residential real estate market in months to come. In this article, I will provide my best understanding of what is likely to […]
The housing market has shifted a little!
Sellers are embracing the concept of moderation when setting prices! According to Northwest Multiple Listing Service (NWMLS), Homebuyers around Washington state are making their way back to the market. They are hoping to take advantage of improving inventory, attractive interest rates, and more approachable sellers. Moderating sales prices of homes in Washington State are caused […]
Market Realities and What to Expect in 2018
Seller’s market Market Realities and What to Expect in 2018: Our fast-paced seller’s market is leaving everyone unhappy. None of the parties engaged in a real estate transaction, like the current market. Not the home sellers, not the home buyers, and probably not real estate brokers. Each has its very own valid reasons. Most home […]
How to research the best comparable properties?
Research Comparable homes Everyone involved in buying and selling a home has an agenda. Let’s say a home is for sale in Bellevue for $700,000. The seller is hoping to get the highest possible price. The buyer is hoping to get the lowest possible price. The Real Estate agents are depending on the commission from […]
Simple, powerful and efficient way to search for your new home.
HomeSpotter is the best way to search for your new home. The real estate market in the Greater Seattle Area is one of the best in the country. It is vibrant, competitive, and complex. Recent stats indicate that it is also enjoying substantial gains that are well above the national average. Things have improved […]
Factors That Impact Your Ability To Borrow
How Ability to Repay is Calculated I wrote this blog many years ago. While there has been some improvement in simplifying the information that consumers get to better understand the process, there continues to be confusion about how lenders make their decisions. I felt it would be useful to repost it. Lenders take two critical […]