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Home Buying in Seattle : Real Estate Advice

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  • Local Info115
  • Home Buying477
  • Home Selling97
  • Market Conditions46

Activity 510
Mon May 22, 2017
Sillylittlenunu asked:
Mon May 15, 2017
Scott Godzyk answered:
It shows you why a buyer should have their own agent looking out for their best interest. Your recourse is to check with the managing broker. It will depend what you have signed as verbal offers do not count ... more
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Thu May 11, 2017
Admin answered:
This is a critical topic... Negotiating the right deal when you have a property for sale with doesn't necessarily mean getting what you want at the cheapest possible price. Before you start to negotiate, draw up a list of the factors that are most important to you.
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Fri May 5, 2017
Kathy Burgreen answered:
You need to verify the number of parking spaces with the HOA. The seller can say anything they want whether it's true or not. You need to learn that once you close, the condo is yours and whatever mistakes or lies were told to you is too late to correct. Make sure you verify EVERYTHING BEFORE YOU CLOSE!!! This also includes the HOA's financials.

I'm a former realtor and broker listings have a statement in small print at the bottom that states: "The information contained in the listing is the best to our knowledge but is NOT guaranteed. It is the buyer's responsibility to verify all facts."

So verify the number of parking spaces that will be included in your purchase and the HOA's financials. You need to learn that HOA's are run by individual condo owners and they do NOT need experience or a background in accounting management. Therefore, they can mismanage money or be in the red. The financial statements will reveal the truth and make sure they are audited by a CPA. If not, do not buy into this condo.
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Tue Apr 18, 2017
Sandykaufman954 answered:
0 votes 13 answers Share Flag
Mon Apr 17, 2017
AJ Hernandez answered:
In my personal experience there are two ways that are best but there are others that might work as well. The best way is to try to speak to the owner face to face so if they come by to check out the property try discussing your interest with them, HOWEVER please be VERY CAREFUL as there are a lot of scammers out there pretending to be the owner of a property and trying to "rent" or "sell" homes they do not own to steal your money especially houses that are VACANT or have been sitting for a while or when the owners lives out of the area, so ONLY take this approach if you know who they are. Another way is to go to the public records and see if you can find their contact info it may be hard to find their phone number but you can usually find a mailing address and sent them a letter. Another way is to ask neighbors if they know the owner and/or know if the owner would consider selling. Lastly if the property has been on the market before with an agent you may be able to contact that agent and see if they know if the owner is willing to sell or if they would be able to contact the owner however in this case the agent may want a commission from the buyer or seller. I am NOT a realtor and do not currently offers loans outside of Florida I am providing this info from personal experience. For your specific case contact a licensed professional in your area. I hope this helps, God Bless...Psalm 20:4 ... more
0 votes 18 answers Share Flag
Wed Mar 29, 2017
Gordonlaw1007 asked:
Tue Mar 28, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We have some very low down payment programs available.

If the card is paid off already and it shows up on your credit as paid off already then it will not count as a debt.

If you would like a pre approval please let me know, we have low rates, excellent service and I make myself available almost 24/7.

If you have any other questions or need help with this you are welcome to get in touch with me.
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Sun Mar 19, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

If you have a lease in place on your current home that will take effect when you vacate you should be able to use the rental income to help you qualify.

The best thing to do is to get a pre approval this way you can better plan.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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0 votes 1 answer Share Flag
Wed Mar 8, 2017
Niki Campbell answered:
HomeStreet Bank, which is based out of Seattle has a couple options for 85% to 90% jumbo loans. Let me know if this matches what you are looking for and feel free to contact me through my profile!

I look forward to hearing from you.
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0 votes 8 answers Share Flag
Fri Feb 24, 2017
Susie Kay answered:
Have you consult with your realtor? If you don't have a realtor then I would suggest that you consult an attorney. Here in Texas realtors are not allowed to cross any part of the contract. ... more
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Tue Feb 21, 2017
Dave Skow answered:
Tue Feb 21, 2017
Dave Skow answered:
Diana - do you still need assistance >\?
0 votes 1 answer Share Flag
Sat Jan 14, 2017
Bryan Lagos answered:
Good God! Sept 30, 2007? I hope that you didn't buy anything for a few years. I purchased a home in early 2005 and still haven't reached break-even.
0 votes 25 answers Share Flag
Sun Dec 4, 2016
Kary Krismer answered:
Besides your loan costs, the other major buyer closing costs are the cost of title insurance for you lender (the seller pays for your title insurance) and half the escrow/closing agent fee. There are also lots of little charges, like recording fees, and then some pre-paids, like a few months of real estate taxes (depending on when you close and whether the lender will be collecting taxes) and property insurance (either inside or outside of escrow). ... more
0 votes 2 answers Share Flag
Sun Dec 4, 2016
Michael Ross answered:
That zip code is a pretty diverse one. It includes waterfront homes in Leschi that sell for many millions as well as the now-hot, up and coming neighborhood of Beacon Hill and the rapidly gentrifying Central area.

I agree with Kary that the price-per-square-foot metric should not be used for residential resale--only new construction pays attention to price per square foot because in the resale market you could have two properties with identical square footage but with a price that is many hundreds of thousands of dollars different.

Here are some recent metrics (10/2016) for 98144 (including the price per square foot):

Avg price sold: $608,000
Avg number of days on market: 23
Avg difference between list price and sold price: 103% of list
Avg price per square foot: $359
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0 votes 2 answers Share Flag
Thu Oct 27, 2016
Kary Krismer answered:
Well first, we would need to know if you're in Brooklyn, NY or Seattle, WA, and then we would also need to know what contract forms you are using. I'd suggest it would be better to simply contact an attorney because there is a need to review the forms and get a lot more facts than what a two sentence post provices.

That said, as a general rule: "There is no late in real estate." Thus, assuming the seller was not somehow at fault for the inability to close, they could probably ask for whatever they wanted for an extension or pursue their remedies for breach. If it is their fault it would be much more complicated because you'd be dealing with buyer remedies for a seller breach. Which gets back to the attorney comment.
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