The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me. ECONOMIC OVERVIEW The Washington...
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market...
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of January to 4.40% in the first week of April. At first glance, the...
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance...
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better to rent or buy a...
Tony is awesome! We are a repeat customer, having used Tony 3 times. Tony does everything better than expected. He is always available and knows all the answers. Tony is the best! John and Monica Watson Sold in Woodinville - June...
Tony is a true professional. I believe his extensive knowledge in the local market, relationship with other real estate professionals and his strong negotiation skill helped me to sell my place above listing price in a week. Not to mention, he and his wonderful assistant Alise made the entire process as stress free as possible--they were on top of all the paperwork and closing dates. All of my questions...
KIRKLAND, Washington (April 5, 2018) - Job growth and a recent run-up in mortgage rates has created an "extremely intense market for each new listing," stated J. Lennox Scott, chairman and CEO of John L. Scott Real Estate in commenting on the latest statistics from Northwest Multiple Listing Service. MLS figures for March show a surge in both new listings and pending sales compared to February as...
We greatly appreciated the early engagement, strategy on what to repair, prioritizations, etc. that helped us prepare for the eventual sale. While some agents would inject a certain amount of pressure to get to market as quickly as possible, Tony and Wendi were engaged, creative and realistic in helping us map the road ahead. The team exuded confidence and knowledge on the market and full sales...
Our experience has been great, and we did not feel like there were any shortcomings in the service. It was a really great home buying experience for us. This being our first home purchase, we were very nervous about the whole process as such, but it was very comforting to know that Tony was available for a chat immediately. Tony's knowledge and insights were not just limited to the transaction, but he...
How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent is someone who is going to take the time to really educate you on the choices available to you and your ability to buy in...
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