Love this groovy 60’s rambler near Lake Sammamish. It’s a fun throwback with an amazing view. It must be popular since it was originally listed at $1.2M and is now at $1.6M. I’m happy to walk you through it if you’re interested. Offers by June 7th. Note this is not my listing.See the listing
If you are a Woodinville homeowner looking to sell, it’s time to celebrate! If you are looking for a home to buy in Woodinville, not so much. Woodinville, Washington is the most popular market on all of Zillow so far this year. Edmonds also had a reasonable showing, coming in at #5 on the list.…
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We are at the front end of a market and transition in the Puget Sound region. Homes remain at record high prices with the Seattle Times reporting that the median price in King County is nearly $1,000,000. For the past many months inventory has been virtually nonexistent and the norm has been multiple offers for…
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The Federal Reserve board is meeting is coming up May 3-4 and again June 14-15 this year. According to traders, there is a 73% chance that the May meeting will result in ½ percent increase and a 63% chance the June meeting will result in ½ percent increase in the Fed long term interest rate.…
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According to CNBC, the average contract interest rate for a 30 year fixed rate mortgage and conforming loan balance ($647,200 or less) increased to 4.9% from 4.8% for loans with a 20% down payment. I am already hearing about 6% rates from my mortgage broker friends. As you would expect, this impacted mortgage applications, which…
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In honor of Earth Day Friday, April 22nd, I wanted to share five practical tips that can make a meaningful impact on your environmental footprint. My family and I take many small steps to reduce our environmental impact as opposed to focusing on one big thing. There are hundreds and hundreds of little things that…
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Interest rates are rising. Most experts believe, and I agree, that higher interest rates will cool today’s torrid housing market. Buyers will have less purchasing power thereby reducing demand. This is balanced against more than a decade of building fewer homes than was required to meet demand, so inventory remains tight. A new report out…
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Congratulations! Your offer on the home of your dreams has been accepted! Let’s explore what happens next. As the buyer, once you have reached agreement on the purchase of a new home you and your team will be responsible for much of the activity. Either the listing agent or your agent will open an escrow…
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Earnest money is the deposit buyers make to secure an offer on a property. There is no standard amount of earnest money a home buyer is required to put down, the amount of the deposit and conditions placed on it are meaningful. The amount is entirely the buyer’s decision. From a seller’s perspective, earnest money…
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Most people can’t just rock up and buy a new home without some advance preparation. The purpose of this post is to provide a bit of a road map and some priorities for that preparation. Lenders are going to take a hard look at your history and finances when considering how much to loan you.…
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