One of the things many of us think about as children is growing up and buying a house. It seems like the crux of reaching adulthood. But if you take the leap into homeownership before you’re ready, it’s possible you could fall into a financial disaster that may take years from which to recover. So, …
Tag Archive: buyers
Mar 07
Seattle-Bellevue real estate is hot!
I guess the word is out. Home prices are climbing… again. Feel like ‘been here, done this’?! Well, certainly the future is always a mystery - but this mystery may just be a re-play. Bellevue median price up 23% from last February According to The Seattle Times, a record-low inventory of homes for sale in King …
Nov 16
The new reality of houses NOT For Sale
… as the world turns: first it was too many houses for sale, now it is too few. Almost every offer I write the past few months becomes part of a ‘bidding pool’ on desirable properties. Investor groups (many out of state/country) are literally throwing offers onto available properties, and then moving ahead with those …
May 01
Hit the bottom…?
Every day there seems to be more positive news about the real estate recovery…Check out a quote by Ivy Zelman which appeared last week in a Wall Street Journal article Stunned Home Buyers Find The Bidding Wars Are Back. “We very much believe we’ve hit bottom,” said Ivy Zelman, chief executive of a research firm, who was among the …
Apr 11
Low inventory of homes for sale causes multiple offers in Seattle-Bellevue area
10 major housing markets with the shortest supply of homes The low inventory of homes for sale is causing multiple offer situations in Seattle and Bellevue - especially the ‘close-in’ neighborhoods. In the ten major housing markets in the country with the shortest supply of homes, demand is high and buyers are pouncing on listings as …
Mar 19
Buying a Home? The COST Is More Important Than the PRICE
We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Obviously, price is part of the cost equation. The other piece, assuming you are not an all cash buyer, is the mortgage rate. The mortgage rate to finance a purchase can have a dramatic …
Mar 02
FHA loans getting more expensive
In a move to increase their financial standing (and to get the FHA back into required capital requirements), on Monday, HUD announced their anticipated increases in the premiums they charge borrowers. Simply stated, the cost of borrowing is going up. FHA loans, by design, are more liberal in their underwriting guidelines than most conventional loan …
Feb 29
Warren Buffett: It’s Time to Buy Real Estate
Warren Buffett appeared live on CNBC’s Squawk Box this week. During the interview, he was asked about the current real estate market and whether he felt now was ‘the time to buy.’ His response was rather emphatic,and has been used as a headline in hundreds of articles since the interview: “If I had a way …
Jan 30
What Warren Buffet thinks about buying a home today
Warren Buffet is seen by many as the greatest investor of our time. When he speaks, people listen. Like anyone else in his position of influence, he is criticized by some for using his bullhorn to promote his own business agendas at times. That makes it very interesting when we occasionally learn of how he privately …
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