Short Sale Tips

Information on Short Sales from our certified specialist Darin Robertson.

There are currently 29 blog entries related to this category.

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It is common for home sellers to need to hire someone to do maintenance or corrective work in order to facilitate a sale. Sometimes such work will be done in order to prepare a house to go on the market. Sometimes it will be done in response to a buyer's "fix-it" list, and sometimes it will be performed in order to meet contractual requirements such as doing what is needed in order to obtain a structural pest control clearance.

When the work is hired out, as opposed to being done by the homeowner himself, attention should be paid to determine whether or not the person doing the work is required to have a contractor's license. A project whose price totals less than $500 is considered "… of casual, minor, or inconsequential nature," and can be

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cant-buy-a-house-myths

You? Buy a home? If that prospect sounds as unlikely as your becoming the next U.S. president—well, this campaign season has shown us that anything can happen.

Sure, amassing the funds and slogging through the necessary paperwork for your own piece of the real estate pie can be daunting, especially if you’re a less-than-stellar loan candidate. Still, if you just assume there’s no way you could buy a home, without doing any research, you could be missing out.

Here are some oft-cited reasons people don’t buy a home, and the reality checks showing why they shouldn’t give up hope.

Reason No. 1: ‘I don’t have enough money for a down payment’

This is probably the most common justification for not making the leap into homeownership.

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The South Sound real estate market showed no signs of a seasonal slowdown in December as sales once again jumped by a double-digit margin in Pierce and Thurston counties. And the lack of inventory continues to drive the market, according to Northwest Multiple Listing Service data released Wednesday.

Pierce County months of inventory — the amount of time it would take to exhaust the number of single-family residences for sale — fell below two months to end the year at 1.78 months. In Thurston County, it was 2.4 months. A healthy supply of single-family residences that doesn’t favor either the buyer or seller is thought to be around six months.

But with little to choose from, combined with buyer demand (mortgage interest rates are still low and the

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Make your nomination today!

May 20 is the deadline to nominate projects, plans and programs for the VISION 2040 Awards, a program of the Puget Sound Regional Council. Any individual, business, agency, organization or jurisdiction may submit a nomination.

The awards recognize projects, programs or plans in King, Kitsap, Pierce or Snohomish counties that help achieve the region's growth, economic, and transportation strategy. The projects may be developed in the public or private sectors, or through public/private partnerships.

PSRC said examples of programs and plans include comprehensive or subarea plans, economic development plans, design guidelines, outreach/education efforts, transportation demand management programs, and other similar

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Tehaleh in Bonney Lake makes the list

Tehaleh Community logoHome sales in the top 50 master-planned communities during 2015 jumped 14 percent from the volume reported for 2014, according to John Burns Real Estate Consulting. The 23,263 sales in the latest report accounted for an estimated 4.7 percent of all new home sales nationally and marked the highest volume in the six years the masterplan list has been compiled.

Commenting on their findings, the consultants from the John Burns team credited "historically low mortgage rates, solid job growth, low levels of resale competition and outstanding execution by the developers" as factors that drove demand. 

One community in Washington state, Tehaleh, made the list. The 271 sales it experienced earned that project 46th

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Trend continues even during downturns

Homeownership as a wealth-building strategy was the subject of a paper The Harvard Joint Center for Housing Studies presented at a 2013 symposium. Now, the authors of that report revisited the topic using more recent data and lessons learned from the housing crisis.

Researchers report their updated analysis "upholds the bottom-line result from the earlier paper: that homeownership was associated with significant gains in household wealth, even when viewed across the tumultuous housing crisis period of 1999-2013."

In the earlier paper covering the 1999-2009 time period (before the downturn), the authors reached three key conclusions:

  1. Even during a time of excessive risk taking in the mortgage market
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The following article is a re-post from Realtor.com.  Very insightful look at today's home selling market and what to do to help our home sell fast and for the most amount of money. 

"Fasten your seat belts, it’s going to be a wild year in real estate! Our chief economist, Jonathan Smoke, has predicted that 2016 will be a true seller’s market, and it’s already galloping out of the starting gate.

Of course, not all homes are equal, and they don’t sell equally well, either. Most homes are a unique mosaic of attractive features (sparkling new granite counters!) and sometimes frustrating flaws (hey, what’s with the dilapidated porch?). Which part of that equation comes out on top will help determine what how quickly your place will move.

But what are

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Before you let yourself fall in love with that longed-for perfect home and make an offer, you need to seriously seek answers to the questions below so you will know how to confidently invest your money without any surprises or regrets. Understanding property values, home sellers, possible property shortcomings, and the workings of distressed sales should be your top priority while you search for your new home.

HOW MUCH IS A HOME WORTH?

Making an offer on a house is not done by simply undercutting the asking price or by asking your agent for a dollar amount, which they should not do for ethical reasons. By doing a little research with your realtor and reviewing comparable sales, you will be able to

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KIRKLAND, Wash. (Jan. 21, 2016) – Members of Northwest Multiple Listing Service reported 88,331 closed sales during 2015, outgaining the prior year’s volume of 77,276 transactions for a 14.3 percent increase.

Measured by dollars, last year’s sales of single family homes and condominiums were valued at more than $34 billion. Compared to 2014, that dollar volume represents a gain of nearly 23 percent.

The sales activity reflects the work of 23,800 brokers across 23 counties in the member-owned Northwest MLS.

Last year’s completed sales included 75,975 single family homes (about 86 percent of the total) and 12,356 condominiums. The total units and dollar volume surpassed the previous highs during 2007 when members registered 82,197 sales valued

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$490,000 - 36722 SE Gravenstein CT, Snoqualmie

   Bedrooms: 3
   Bathrooms: 2.5
   Sq. Footage: 2,340
   Year Built: 2004
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 801341
OFFERED BY: PROPERTY DESCRIPTION:
  Cary W Porter
Designated Broker & Owner
425.891.7447
Schedule a Showing
Request More Info
Call Cary Porter at 425-891-7447. Wonderful Short Sale Opportunity on this beautiful 3BR/2.5BA,large loft/bonus room upstairs. Spacious kitchen w/breakfast nook, eating bar, plenty of counter space & pull-out shelves. Large pantry & utility room (including
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