investing: Could we be hitting a bottom? Some good signs, some bad signs. What's your opinion?
- 10/12/07 05:23 AM
There are many mixed reports right now and they include good signs and bad signs. I usually gauge the Real Estate business on how mine and my office sales are doing and there has been some up-tick in buyer interest for the Seattle-Tacoma, Washington area. Here are some of the positives and negatives....and a chart showing the emotional Real Estate cycle. I think the Puget Sound, Washington area is in the Desperation/Panic area of the chart. Market emotion cycle chart Positives headlines in the market 1) Mortgage applications up 2.4%. MBA's weekly survey shows that volume moved higher despite an uptick in interest rates; refinancing accounted for 46% of … (6 comments)
investing: Home sitting vacant? Try the lease-option and wait the slow market out!
- 10/07/07 06:45 PM
FSBO SOLUTIONS MLS Marketing Options Plan Lease your home now! And get a better tenant! My name is Jason and I see that you are leasing your home. I have several clients in the Puget Sound area that are interested in a lease-option a home. If you are willing to lease-option your home, I should be able to quickly find someone. If you are not sure what a lease-option is, I will explain.... A lease-option is basically a lease with an option to purchase your home at a set price, determined by you plus an increase of 4-5% per year. The … (1 comments)
investing: Don't want to hire a Real Estate agent? Evaluate the whole process first!
- 10/02/07 08:05 AM
List of Pros and cons of selling FSBO (For Sale by Owner) PROS Selling your home without an agent means More Money. If that's not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent. But beware, many people make costly mistakes that will cost much more than hiring an agent plus a lot of undesirable stress. CONS Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing … (3 comments)
investing: The slow Real Estate market is bringing back contingent offers. Here are the pros and cons.
- 10/02/07 07:58 AM
Contingent offers and why they are making a comeback. During the strong sellers' market of recent years, contingencies were rare because buyers were confident they could sell before closing on their next home. Times have changed due to a slower real estate market. What are Contingent offers???..... A contingency in a purchase contract is a condition that must be satisfied for the sale to go through. With a contingent-sale offer, the deal is not complete until the buyer's home is sold. If the buyer's home doesn't sell, the buyers are usually released from the contract without penalty and the seller's home goes … (2 comments)
investing: Advantages and disadvantages in owning Rental Real Estate. Read this before investing!
- 09/29/07 05:19 PM
Advantages of Rental Real Estate The advantages of rental real estate are quite substantial. One that is not listed below is the fact that when you own rental real estate, you own a tangible asset. You can paint it when you're happy with it and throw rocks at it when you're not. Many people who feel uncomfortable investing in financial instruments have no qualms about investing in real estate. This is a psychological distinction, as a bad stock and a bad rental property are equally capable of losing money, forcing you to sell for a loss. That said, here are the advantages … (8 comments)
investing: Buying or investing in Rentals? Here are 10 rules to live by that will help you profit.
- 09/29/07 05:15 PM
Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this blog, we'll go beyond buying a home and introduce you to real estate as an investment. Basic Rental Properties summary This is an investment as old as the practice of landownership. A person will buy a property and rent it out to … (2 comments)
investing: Pictures say a thousand words! Where is the Real Estate Market now?
- 09/26/07 05:57 AM
These two charts show normal moves in a Real Estate cycle. Some think the Real Estate market goes straight up. Not true. It is cyclical and I believe we are in the Anxiety (chart 1)and the post boom (chart 2)of the cycle and it will take a bit of time to go through the trough. Here are some charts showing emotional cycles and Business cycles. Chart 1 Chart 2
What do you think? … (6 comments)
investing: How to get the most house for your money. Buy a foreclosure home and save 15% to 40%.
- 09/24/07 05:57 AM
Owning a home to call your own is still the American dream. Many home buyers find themselves in the frustrating situation of discovering that the amount of home they can afford may not be all that they had hoped for. There's nothing more depressing than calling a real estate agent, telling them your budget and what type of home you'd like to buy for that price, and then having them laugh at you and then explain what you can really afford. While some home buyers accept defeat and settle for less, many others have found a market that allows them to … (0 comments)
investing: First time home buyer mortgage alternatives. King and Pierce County, Washington
- 09/23/07 04:36 PM
FHA Mortgage FHA Mortgages are insured by the Department of Housing and Urban Development of the Federal Housing Administration (FHA). These home loans make it easier for low-to-moderate income people to own their own home. Features: • Fixed rate terms available • Low down payment usually required • More lenient qualifying ratios • Even with less income, you could qualify for a larger loan amount • All closing costs may come from a gift or up to a small percentage from the seller • Loan amount limitations and qualifying criteria apply What is a VA Loan? A Veterans Administration (VA) loan can be used … (1 comments)
investing: Double digit home price drops coming to a city near you!
- 09/20/07 06:23 PM
Many forecasters are predicting steady price drops into late 2008 or early 2009. I do think prices are headed down in our area of Seattle/Tacoma. This will provide some good investing soon! Here is a report that shows predicted price drops for major cities. http://www.money.cnn.com/2007/09/19/real_estate/steep_home_price_drops_coming/index.htm?postversion=2007091915 Whats your prediction for your area? Here in the Seattle area, I think we will hold our own and remain flat. Some of the outlying areas such as Kent, Renton, Federal Way areas will go down 8-12% … (3 comments)
investing: Foreclosures may be the correct way to buy this Real Estate market.
- 09/17/07 02:20 PM
If you are new to real estate investing and considering buying foreclosure properties, you need to be realistic about what you are facing. Foreclosure investing is not a good investment approach for beginners. I recommend that you have at least a couple of years' experience with more traditional real estate investing first or work with some professionals. The profits from foreclosure investing can be huge and that makes foreclosures attractive. There is an awful lot to know in order to avoid the problems that can occur. If you don't know what you are doing, one disastrous foreclosure investment can wipe out … (6 comments)
Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.
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