buyer information: Ten Reasons to Get Preapproved BEFORE You Look at Olympia Area Homes - 01/25/13 07:53 AM
When you decide to buy a house in the Olympia area, it is a very exciting feeling - and tempting to jump right into the house hunt process full blast and go look at some houses.  But first, it is important to get preapproved if you will be borrowing money to buy that dream house.  Really, really important.  And here are 10 reasons why I say that:
1.  Lenders are requiring more and more documentation of your income and debt.  It can take a little time to gather the necessary info and you do NOT want to be scrambling to … (4 comments)

buyer information: Before We Go Looking - Let's Do Some Talking About Buying A House - 07/18/11 11:01 AM
Dear Buyers,
Before We Go Looking - Let's Do Some Talking About Buying A House.
Let's do a little bit of talking about the process, timeline, costs involved, your criteria etc etc etc.  It will make the house hunting process go more smoothly for you and will minimize unhappy surprises.  So - even though I  know you are eager to go look at those houses you spotted on line....let's first take a short time to talk.
If you are a first time home buyer, you may have lots of questions about how this whole house buying thing works.  Or you may … (4 comments)

buyer information: Buyer Chat Part Four - How Long Will It Take Before I Can Move In? - 07/18/11 10:56 AM
You found a house, you made an offer, the seller accepted your offer!!  Hurray - but now the hard part is waiting until the purchase is complete and you can move in to your new home in the Olympia WA area.  And you want to know, need to know - WHEN can you move in!!!
The answer to that goes back to some of the steps we have already completed - your preapproval with your lender will likely also give us some parameters about any extra time that might be required to complete the process.  If you are able to get … (0 comments)

buyer information: Buyer Chat Part Three - What Costs Will There Be? - 07/18/11 10:55 AM
What Costs Will There Be when I buy this home in the Olympia WA area?  Yes that is a really important question for buyers to ask and understand!  Because, even though you are likely getting a loan for a large part of this purchase, there will be some costs to you along the way.
First, as you talk with your lender to get preapproved, you will receive an estimate of the amount you will need to bring in at closing of the sale.  This will include both the down payment you plan to make and closing costs and prepaid expenses.  The … (4 comments)

buyer information: Buyer Chat Part Two - How Does This Process Work Anyway? - 07/18/11 10:55 AM
Buying a Home in the Olympia WA area?
How Does This Process Work Anyway?  Well, we will start out with a chance to talk over your criteria for the home you are buying, including a lot of other important stuff - are you going to live in the house or is it an investment property?  Are you renting now or do you need to sell another home before you can buy?  Is our search going to include short sales, bank owned properties, for sale by owner homes?  (we will chat a little about the opportunities and challenges with each of those … (0 comments)

buyer information: More Questions Buyers Ask - "Why Does Buying a House in the Olympia WA Area Take So Much Paperwork?" - 01/07/11 11:22 AM

"Why does buying a house in the Olympia WA area take SO much paperwork?"  I get asked this question a LOT - and of course in this day of searching for homes online on a computer, the sheer amount of paper involved in a real estate purchase IS kind of amazing.
But buying a house is a VERY complex transaction, and the stack of paperwork that makes up the buyers' offer on that house reflects this complexity.  Real estate transactions are complex in any state, and the paperwork that creates the legal contract between buyer and seller reflects this … (2 comments)

buyer information: Ummm - I Didn't Want to Pay YOUR Water Bill! - 05/25/10 11:24 AM
One of the addendums that I recommend including with my buyers' offers has to do with identifying utility providers and instructing the escrow agent to pay the final "lienable" ones.  Our NWMLS purchase and sales agreement has a place to check whether the buyer does or does not want the escrow agent to make this payoff of the seller's utility bill - but for it to actually happen, the addendum identifying providers MUST be included in the agreement (and filled out).

The addendum is simple - just a list of utilities like water, sewer, electricity, gas, garbage, etc.  Once it … (5 comments)

buyer information: What do YOU Mean by "Fixer Upper"?? - 05/07/10 06:03 PM
So you say you want to buy a fixer upper?  My next question is "What do you mean by that?"   I'm not being a smart aleck, and yes, of course I've heard the term fixer upper.  It's just that it has quite a range of meanings; might mean a house that needs some new floor coverings and paint and a little cleaning & yard work here and there.  Might mean a house that needs a new roof, a new floor in the bathroom where the toilet leaked, and the above floor coverings, paint etc.  Might mean that it needs to be jacked up to have a new foundation … (7 comments)

buyer information: OK - I Signed All These Papers - When Do I Get My Keys?? - 04/27/10 12:54 PM

The most exciting part about a house purchase is getting those keys to your new home - but when is it that you actually do get those keys?  Well, typically it is NOT when you sign the closing documents; likely not even the same day.  At least here in Washington, here is how it goes.  Once buyers and sellers have both signed closing documents, the buyers' lender usually has a period of time to review everything to make sure the paperwork is complete before they notify the escrow company that they are releasing it to fund and record.  Then … (5 comments)

buyer information: Inspection's Done - Now What?? - 02/02/10 05:44 AM
Once a buyer's home inspection is completed, there is almost always a fair sized list of recommended repairs, maintenance items etc.  Even on a brand new home, it isn't uncommon for there to be some items that need to be corrected.  So how do you decide what to ask the seller to correct?
There is no blanket answer to that question as each property and each buyer will present different choices.  For example, if the house is in generally good condition, but needs some minor maintenance items, and you were the winning buyer in a bidding war - might be best … (2 comments)

buyer information: CC & R's - Hmmmm? Capricious, crazy rules? Conserving community richness? - 12/01/09 06:28 AM
Actually neither of those are the correct meaning of CC & R's - although I've had buyers who would argue for both possible definitions!  CC &R's actually stand for Covenants, Conditions, & Restrictions, and many neighborhoods have these rules which are binding on all owners within the neighborhood.  The rules are typically initially placed on the subdivision by the developer and they can address a wide range of matters. 
If you are buying in an existing neighborhood, know that the CC &R's may regulate such things as your ability to park a vehicle on the street, keep livestock. build a shop, … (4 comments)

buyer information: Singin' - I Mean House Hunting - in the Rain!! - 11/14/09 08:50 AM
We are definitely moving into that time of year when rainy days outnumber sunny ones here in the Pacific Northwest.  I miss the sunshine and warmth of summer, but suspect that in several ways, house hunting in the rainy months can provide buyers with unexpected benefits.
If you are looking at a home on a rainy day it is pretty easy to figure out if the roof leaks, the gutters are clogged, water is pooling up right next to the house, you have to wade through puddles to get to the door, and the lawn feels suspiciously squishy under your feet.  … (5 comments)

buyer information: One Size, One Floor Plan Does NOT Fit All! - 08/08/09 11:25 AM
In real estate, you often hear "location, location, location" because the location of a property is so important to its value and desirability - and it's a pretty hard item to change!  A house is where it is, and short of moving it, that location better be one that you like!  I think the floor plan of a house comes close to being that important as well.  It is relatively easy to repaint, change out floor coverings, counters, appliances etc - but if the floor plan really doesn't fit your needs, changing it may go from an expensive remodel all the way … (2 comments)

buyer information: Olympia area listing inventory - smaller than you think! - 05/05/09 06:18 AM
I like taking a periodic look at the MLS numbers for the Olympia/Lacey/Tumwater area to check out the accuracy of my gut impressions of what is happening in our real estate market.  Lately I have been working with several buyers who are finding not such a large supply of available homes as the media might make you think is out there.
If I search in the 3 city area for active residential listings, and exclude manufactured homes, fixers, & presales (these buyers are all wanting something they can move into in the next 30-60 days) the total number of all prices … (1 comments)

buyer information: Local Knowledge is Important - 01/17/09 10:53 AM
Sometimes the local knowledge of a real estate agent can save some grief for buyers (and sellers).  I was thinking about this the last couple of days after first an out of state seller asked me to go make sure their house  hadn't been affected by the floods they had been reading about, and then an appraiser said they have also been being deluged with requests to make sure homes hadn't been flooded since an earlier appraisal was completed.  We did certainly  have some areas in and near Thurston County experience flooding in heavy rains this month which came right on … (1 comments)

Nancy Conner, Olympia/Thurston County WA (Managing Broker - City Realty Inc) Rainmaker large

Nancy Conner

Olympia/Thurston County WA

Olympia, WA

More about me…

Managing Broker - City Realty Inc

Address: 3905 Martin Way E, Suite F, Olympia, WA, 98506

Office: (360) 350-0251

Mobile: (360) 701-1086

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A blog about community events in the Olympia/Thurston County area including the real estate market in those communities. City Realty, Inc. on Facebook




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