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Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC] Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71.8% of loan applications were approved last month. The average credit score of approved loans was 731 in September.
Percentage of Homeownership by Decade and by State There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference. However, today we want to shine some […]
What to Expect When Home Inspecting So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price paid for the home, ask the sellers to […]
Buying is Now 37.7% Cheaper Than Renting in the US The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the […]
Sales of Distressed Properties Hit New Low The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how […]
7 Graphs That Show the Real Estate Market Is Back! [INFOGRAPHIC] Some Highlights: Distressed property sales fell to its lowest number since NAR began tracking it in 2008. As you can see, with less distressed properties, sales are up in all price ranges except the $0 – $100K price range. Interest rates are still at historic lows, signifying that now is the right time to buy!
The ‘Great News’ About Rising Prices Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news about rising prices, however, […]
Starting to Look for a Home? Know What You WANT vs. What You NEED In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]
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Steve Hill Windermere Real Estate Blog What You Don’t Need To Hear From Your Listing Broker You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your home) Set the time schedule for the successful liquidation of that asset Set the fee […]
Steve Hill Windermere Real Estate Blog The Highlands Open House Event           The Highlands     Just Listed         Follow This Home! Schedule a Showing/Request Info Seattle Homes for Sale Seattle New Construction Seattle Land for Sale Seattle Home Valuation Premier Properties      PRESENTED BY         Steve Hill & Sandra Brenner Broker | REALTOR® Windermere […]
Steve Hill Windermere Real Estate Blog Net Worth: A Homeowner’s is 36x Greater Than A Renter! Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they […]
Real Estate More Americans Confident About Buying Last week, Fannie Mae released their January 2014 National Housing Survey results.  Two categories reported all-time survey highs. 52% of respondents thought it would be easy for them to get a home mortgage today 70% of respondents said they would buy if they were going to move Doug Duncan, senior vice president and chief economist at Fannie Mae explained […]
Real Estate Baby It’s Cold Outside! If you are considering a second home or move away from Seattle, give us a call, we can refer you to a professional brokerage anywhere in the world. We are a members of the premier international relocation network. ?-Steve and Sandra Steve Hill and Sandra Brenner Windermere Real Estate/FN Seattle-Northwest 122502 Greenwood Ave N, Suite […]
Real Estate 5 Reasons to Buy a Home Now Instead of Spring Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five reasons purchasers should consider buying before the Spring market arrives: Supply Is Shrinking With inventory declining in many regions, finding a home of your dreams […]
Real Estate Be Quiet Chicken Little. The Sky is NOT Falling There has been much speculation about what is causing the falling sales numbers in the most recent Existing Home Sales Reports (EHS) from the National Association of Realtors (NAR). Some have claimed that rising interest rates have scared buyers out of the market. Others have claimed that consumers are just losing confidence in the housing […]
Real Estate 5 Reasons You Shouldn’t For Sale by Owner Some homeowners consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). We think there are several reasons this might not be a good idea for the vast majority of sellers. Here are five of our reasons: 1. There Are Too Many People to Negotiate […]
Real Estate Windermere Real Estate Seattle :: King and Snohomish Counties According to Trendgraphix, the nation's most trusted real estate reporting company, Windermere Real Estate continues to be the leader in King and Snohomish market share and I am proud to be a contributor to their success. Over the last 12 months, Windermere Rel Estate has sold over 26% of the homes in King and Snohomish […]
Real Estate Light Bulbs for Energy Efficiency and Beautiful Light By: Karin Beuerlein Published: June 27, 2013 We decipher light bulb labels so you’ll know exactly what you’re getting in terms of brightness, color, and energy efficiency. If you wind up with lighting that’s harsh, flat, or unpleasant — like when you’re trying on bathing suits in a retail dressing room — it won’t matter […]
Real Estate Don’t-Miss Home Tax Breaks Don't-Miss Home Tax Breaks By: Dona DeZube Published: January 10, 2013 From the mortgage interest deduction to energy tax credits, here are the tax tips you need to get a jump on your returns. Mortgage interest deduction Private mortgage insurance deduction Prepaid interest deduction Energy tax credits Vacation or second home tax deductions Home buyer […]
Real Estate 5 Reasons to Hire a Real Estate Professional We are often asked if it makes sense to hire a real estate professional when buying or selling a home. We always emphatically answer – YES! Here are five reasons why: PAPERWORK An agent will help with all disclosures and paperwork necessary in today’s heavily regulated environment. This helps remove much of the liability a […]
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