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Financing Is there a 3.8% Real Estate Sales Tax Coming? Yes, But Mostly No A 3.8% Sales Tax when selling a home? My client had heard about this from a friend last week.  He emailed me the other to day ask if the health care bill included a 3.8% sales tax when selling a home.  I was pretty sure this was not exactly right, but thought I should check […]
Financing Should You Consider The FHA ARM Loan? An FHA ARM loan?  With such great 30 year fixed rates?  In this day and age of great interest rates, few home buyers think of purchasing a home with an ARM (Adjustable Rate Mortgage) loan. Steve Tedrow of Windermere Mortgage Services talks about why he thinks the FHA ARM loan works for some buyers. There […]
For Buyers Was your Home Built Before 1978? New Lead Paint Laws Take Effect October, 2010 I just recommended a new client’s deck be painted before her home goes on the market.  The was home built in the 1950’s and it reminded me about the new law regarding remodeling and painting homes built before 1978.  This new law will be going into effect on October !st.  Originally, the regulations were scheduled […]
For Buyers What Were The Chances of Selling Your Seattle-Eastside Condo in August, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) August, 2010               1499 condos for sale      […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in August, 2010? The odds of selling a home on the Eastside in August, 2010 ranged from a low of 6% to a high of 21%, with an average 14% absorption rate.  This month, West Bellevue is in the single digits,  at 6%. The real estate activity in the summer months has turned out to be very different […]
Bellevue Real Estate How Did August, 2010 Seattle-Eastside Real Estate Sales Stack Up In Your Neighborhood? [googlemaps http://maps.google.com/maps?source=s_q&hl=en&geocode=&q=Seattle-eastside&sll=47.709762,-122.011414&sspn=0.310487,0.911865&ie=UTF8&split=1&radius=21.22&rq=1&ev=zo&hq=Seattle-eastside&hnear=&ll=47.709762,-122.011414&spn=0.310487,0.911865&t=h&output=embed&w=425&h=350] How did August, 2009 stack up to August, 2010 in your neighborhood? (Click on the cities below to see real estate trends for the past 5 years.  You’ll find the median pricing for each city and whether the number of homes for sale and the number of sales went up or down.  The […]
Bellevue Real Estate Seattle-Eastside Real Estate is Mostly Green, A Buyers' Market King & Snohomish County Real Estate Activity 8-31-10 The Seattle-eastside has flipped back almost completely to a buyers’ market.   Two areas, Redmond and East Bellevue near Microsoft and Kirkland, were more balanced real estate markets, with the market time to sell a home falling between 3 to 6 months.   If you check out what the […]
Real Estate I'm Looking for a Tech Savvy Realtor in South Carolina I’m looking for a Realtor in South Carolina, the Greer/Greenville area, to be exact. My mother-in-law is moving and I need a Realtor to sell her home. Last week, I contacted a Realtor from a Realtor network I belong to, Certified Residential Specialists. When referrals are made through the CRS network, they are by phone […]
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For Buyers Rethink The American Dream of Home Ownership Or Abandon It? Give up on buying a home, The American Dream or refocus how you think about the American Dream?  Which is it? Recently, two articles appeared voicing opinions on the topic.  One article, in “Time” magazine, thought home buying was something many people need to reconsider. Whereas an article in The New York Times written by […]
For Buyers Don't Spend Money Greening Your Home Until….. Are you feeling bombarded about “greening your home?‘  There’s so much stuff out there to absorb.  There are articles flying around about all the good “green” things to do.  Don’t get me wrong, I think reducing our carbon footprint,  going green, and hopefully, saving money are all important. But, I just recently came across two […]
Architecture Cool Universal Design Could Save Home Buyers Money In The Long Run Let’s face it, buying a home is an expensive prop0sition. There are different ways to try to save some money when buying a home.  One of the issues I see is home buyers not thinking of the future when buying a home. Home buyers don’t think about how a home could save them money over […]
Bellevue Real Estate There Were No Sellers Markets in the Seattle Area in July, 2010 There were no sellers’ market in July. “Red” indicates a sellers’ market with homes selling in less than 3 months.  If you look at the map above, all  the Seattle markets are either a buyer’s market or a balanced market between buyers and sellers. There’s a mix on Seattle’s eastside. Some markets are buyers’ markets […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Condo in July, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) July, 2010                    1552 condos for sale      […]
Bellevue Real Estate How Did July, 2010 Seattle-Eastside Real Estate Sales Stack Up In Your Neighborhood? [googlemaps http://maps.google.com/maps?source=s_q&hl=en&geocode=&q=Seattle-eastside&sll=47.709762,-122.011414&sspn=0.310487,0.911865&ie=UTF8&split=1&radius=21.22&rq=1&ev=zo&hq=Seattle-eastside&hnear=&ll=47.709762,-122.011414&spn=0.310487,0.911865&t=h&output=embed&w=425&h=350] How did July, 2009 stack up to July, 2010 in your neighborhood? (Click on the cities below to see real estate trends for the past 5 years.  You’ll find the median pricing for each city and whether the number of homes for sale and the number of sales went up or down.  The […]
Bellevue Real Estate What Were The Odds of Selling Your Seattle-Eastside Home in July, 2010? The odds of selling a home on the Eastside in July, 2010 ranged from a low of 11.5% to a high of 17%, with an average 14% absorption rate.(The absorption rate is the number of homes for sale in a month divided by the actual number of homes sold that month.) July, 2010               3468  homes for sale     501 homes […]
Bellevue Real Estate Bellevue, WA=Great Schools, But Is It Affordable? It’s ironic that the articles about schools linked below were recently published, as last week I met with a past client who raised this very issue.   My last post commented  on home values and school systems. My client bought his first home from me 5 years ago.  It was a new home in a […]
Bellevue Real Estate Good Schools=Good Real Estate Values Looking for a home and want a good neighborhood which maintains its value over time?  Even though prices have dropped considerably and homes are more affordable,  it’s important to investigate everything that could add value to your home purchase.   No matter whether you’re a single person, have a family or are an empty nester, look […]
For Buyers What Were The Odds of Selling Your Seattle-Eastside Condo in June, 2010? (The absorption rate, the percentage of condos selling, is the number of condos for sale in any given month divided by the actual number of condos sold that month.  So if the absorption rate or chance of selling is 10% that means out of 100 condos for sale, 10 received offers and sold.) June, 2010                   1487 condos for sale     […]
Bellevue Real Estate There's No "Red" on The June, 2010 Seattle-Eastside Real Estate Map There’s no “red” on the Seattle-eastside real estate map, which means there were no seller’s markets in June, 2010.  The Seattle-eastside real estate market has turned “yellow” for a market balanced between buyers and sellers,  and “green.”  “Green” on the map indicates a buyer’s market.  It’s not surprising to me that certain areas stay as […]
Bellevue Real Estate How Did June, 2010 Seattle-Eastside Real Estate Sales Stack Up in Your Neighborhood [googlemaps http://maps.google.com/maps?source=s_q&hl=en&geocode=&q=Seattle-eastside&sll=47.709762,-122.011414&sspn=0.310487,0.911865&ie=UTF8&split=1&radius=21.22&rq=1&ev=zo&hq=Seattle-eastside&hnear=&ll=47.709762,-122.011414&spn=0.310487,0.911865&t=h&output=embed&w=425&h=350] How did June, 2009 stack up to June, 2010 in your neighborhood? (Click on the cities below to see real estate trends for the past 5 years.  You’ll find the median pricing for each city and whether the number of homes for sale and the number of sales went up or down.  The […]
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