A new $7,500 tax credit for first-time home buyers is a temporary incentive from the government (Read all of HR 3221) to boost interest in real estate – but the time frame to take advantage of the credit is limited (Purchases on or after April 9, 2008 until July 1, 2009).
Filed under: First Time Home Buyer, Mortgage, Seattle | Tagged: Bank Owned/REO, Economy, House, Income tax, Mortgage, Real Estate, Rent, Tax, Tax Credit, Tax forms in the United States, United States | Leave a Comment »
Still on the fence? Waiting to see if you can time the bottom? What else keeps you from making the smartest and wisest investment of your lifetime? Make sure you don’t fall asleep at the wheel while you’re waiting for the bottom to appear. Seattle has been ranked as one of the “least-riskiest” cities for Home Buyers according to HomeSmartreports.com. That ‘s GREAT news considering that there are only a handful of cities, if even that, throughout the county that have been immune from price declines. So what has kept the housing prices from falling at the same rate, here in King County, as they have throughout the rest of the country? A strong economy supported by several Fortune 500 companies -despite the current layoffs, one of the most educated populations in the country, the location and the exquisite amenities that Washington has to offer – you can go hiking in the morning, boating in the afternoon and skiing in the evening.
Filed under: First Time Home Buyer, Mortgage, Real Estate Investor, Seattle, Uncategorized | Tagged: Mortgage, Real Estate, Home Sales, United States, Business, Seattle, Financing, King County, National Association of Realtors, Lawrence Yun, Washington, Real estate pricing, US | Leave a Comment »
Mortgage guidelines continue to change, add this to the New Mortgage Guidelines 2009 list.
Lenders who sell their paper to Fannie Mae and Freddie Mac (the majority of Lenders) have implemented a new guideline for individuals who are prospective Mover Uppers and Investors.
Filed under: Mortgage, Real Estate Investor | Tagged: Business, Credit, Fannie Mae, Financial services, Freddie Mac, Loan, Mortgage, United States | Leave a Comment »
Washington foreclosures aka Real Estate Owned (REO’s) are properties owned by the bank or lending institution that acquired them at a trustee sale. After the previous owner defaulted on their mortgage loan and expended his/her 90 day redemption period to pay the past due balance the property is sold at a trustee sale. The bank sends their own rep to the sale to bid on the property and acquires it with no new mortgage attached.
Filed under: Bank Owned/REO, First Time Home Buyer, Foreclosures, Mortgage, Real Estate Investor, Uncategorized | Tagged: Foreclosure, Mortgage, Mortgage loan, Real Estate, Real estate broker, Real estate owned, Short, Short sale | Leave a Comment »
Home prices are largely based on Supply and Demand.
* If demand outweighs supply, home prices rise
* If supply outweighs demand, home prices fall
It’s good news for home sellers, therefore, that “used” homes for sale fell 6 percent nationally last month. Less supply often means higher prices.
Of the 29 metropolitan areas tracked in real estate brokerage firm ZipRealty’s survey, only Philadelphia showed an increase.
Filed under: Real Estate Investor | Tagged: Broker, Business and Economy, Philadelphia, Real Estate, Supply and demand, United States, Wall Street Journal, ZipRealty | Leave a Comment »
