This Week: The median List prices for the Lake Forest Park/Sheridan Beach area is $335,000 is down slightly from last week’s $342,475. Inventory is up and the Market Action Index (MAI see below graph) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening. We could be looking at the back-to-school hangover, slight rate interest increase or just a the cyclical time of the year. Stop by next week to see how the housing market in Lake Forest Park is trending. It will be interesting to see if the … (5 comments)
If you have a loan on your Lake Forest Park home you will be paying interest monthly on the whole balance that is still owing. At the beginning almost all of your payment will be put towards paying off the interest. As the years go by, however, less money is put towards the interest and more gets put towards the principal. If you have a 30 year mortgage to pay off, for example, at a 7% rate, you will still be paying more towards the interest than the principal, even when you are halfway through the payments. When you … (2 comments)
lake forest park real estate agent: Selling A Vacant Home
- 03/23/11 01:32 PM
Sometimes there is no way to avoid selling a vacant home in Lake Forest Park. If you have had a sudden job transfer or need to leave the area quickly for one reason or another, you may have to leave your vacant while you are trying to sell it. This will leave you at a disadvantage, however, since a vacant house will usually sell 30% to 50% slower than a house that is occupied. Why occupied homes sell faster 1. When a house has furniture in it the buyer can imagine what the house would look like if he moved … (0 comments)
lake forest park real estate agent: The Link Between Your Credit Card And Your Mortgage
- 03/21/11 11:58 PM
There is a direct link between your credit card and your Lake Forest Park mortgage and it does not have to do with using your credit card with a 30% rate of interest to purchase your new home. The link between your card and your mortgage lies in your credit rating. If your credit is out of whack you are not going to be able to qualify for a mortgage. If you want to buy a house and get approved for a home loan you need to make sure that your credit card bill payments reflect responsible credit ownership so … (8 comments)
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