Archive for February, 2016

Just Sold in Bothell!

We Just sold this Summit Condo in the Canyon Park Neighborhood…

Just Sold - Forar Estate BLOG

Just Sold in Seattle!

We just sold this new construction in the Maple Leaf community…

Just Sold - Collz 313 BLOG

Just Sold in Seattle!

We just sold this North Beacon Hill home….

Just Sold - McKinney BLOG

Saving for a Down Payment – First Time Buyers

3 Simple Ways for First Time Buyers to Save for a Down Payment

Although many experts encourage buyers to make a down payment of at least 20%, saving that much for first time home buyers is tough.  Large down payments have advantages such as lower monthly mortgage payments, and lower interest rates.  Here are 3 ways to maximize a down payment.

  1. Stick to a Spending Plan – Create a flexible spending plan.  It not only helps you see where your money goes, but also helps you see where cuts can be made.
  1. Put your Money in a High-Interest Savings or Money Market Account – Make your money work for you! Check with your bank or credit union to learn more about their high-interest savings options.
  1. Tap into Your Retirement Savings Accounts – If you are a first-time buyer in the U.S., you may be able to borrow up to $10,000 from your IRA to put toward your down payment.

Some statistics from the National Association of Realtors 2014 Home Buyer Profiles:                                    47% of first-time buyers saved for their down payment in less than one year.                                                   6% was the down payment amount for the typical first-time buyer

 

 

 

Just Listed in Ballard – Sunset Hill & Crown Hill

We just listed these 2 awesome properties in BJust Listed - Swanson BLOGallard…Just Listed - Duniway BLOG

 

Just Listed in Seattle!

We just listed this South Beacon Hill home…

Just Listed - McKinney BLOG

 

The Benefits of Buying a Home

According to the Fannie Mae National Housing Survey in July of 2015, more than half of Americans think that home rental prices will increase in the next 12 months. According to experts, rental prices are rising faster than wages, and renters are spending a larger portion of their incomes on housing.  Wouldn’t it be nice to own your own place and not have to deal with the uncertainty that renting brings? Here are 8 reasons to make the investment:

  1. It is cheaper than renting – Nationally it is 35% cheaper than renting due to low mortgage rates available now.
  2. It is yours – Owning takes the landlord out of the equation, so go ahead and paint those walls purple.
  3. Begin to build wealth – The longer you own a home, the more likely it will increase in value, and you may be able to turn a profit if you decide to sell.
  4. Save money on energy improvements – If you upgrade appliances, add insulation or replace windows, you can save money on utility bills and possibly take advantage of tax benefits.
  5. Focus your spending – Owning a home means you are responsible to repairs. This encourages you to put money away to pay for them or to pay off your mortgage sooner.
  6. Generate a second income – Many homeowners who have extra space take in a renter. This can create another stream of income toward your mortgage or other expenses.
  7. If you choose a fixed mortgage, your rate won’t increase – Unless you live in a rent controlled unit, your rent is likely to increase. With a fixed mortgage, your rate doesn’t increase and when you pay it off, you don’t have to worry about mortgage payments at all.
  8. Take advantage of tax breaks – You may be able to deduct your mortgage interest payments from your taxes each year. Also, some energy-efficient improvements are tax deductible. Contact your tax professional to learn more.