A Seattle real estate investor, like any other businessman, has only one goal in mind and that is to become successful. Success can be elusive and has a lot to do with your belief system. No one has ever achieved something without a firm belief in themselves and in what they are doing.

When it comes to Seattle real estate, you can only be successful if you become a good marketer. To become a good marketer, you must sell value to others and get them to believe in what you are selling.

One false belief that is common in business today is the thought that you can do everything by yourself. This has been taught by the so-called gurus as the key to success. Real life experience has taught us otherwise and nothing can be further from the truth.

There are 2 main things that you must consider if you want to succeed in Seattle real estate and in business.

1. Teamwork

Contrary to what these gurus teach, it is impossible for one person to be able to do everything. You must find a team of people who are skilled in different things and form a team that works together efficiently. A good team of qualified professionals brings about balance. Every team member brings their strengths to the table and in this way, success is inevitable.

2. Coaching

The best way to learn is to watch those who are already successful. Find real estate investors that have been successful in real estate and learn from them. This is one of the best ways to study because it is practical and real.

This Seattle real estate market update is courtesy of Adrian Willanger at Coldwell Banker Danforth& Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area.

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2. Frequently Asked Questions about Hiring A Real Estate Agent In Seattle (9.4)
3. 5 tips on how to freshen up your Seattle home when selling (9.1)
4. Real Estate Investment in Shoreline, Wa.-Putting together a Business Plan (8.8)
5. Finding The Right Shoreline WA. Real Estate Agent At The Right Office (8.1)

What Is The Total Cost Of Purchasing A Home In Seattle

When all is said and done, all of the costs of purchasing a home in Seattle need to be added up for a total figure. Until you do this, you cannot really estimate how much house you can afford. It is something that a lot of people don't do until the last minute, which can result in some sad moments. You certainly don't want to end up falling in love with a home only to find out that the total cost puts it completely out of your price range.

Here are the costs that you're going to have to tally up before deciding on how much you can realistically spend for a home in Seattle.

1. Getting an appraisal 

In most cases you will be responsible for paying for the appraisal fee. The lender will arrange for this appraisal to be done but it will be added onto the final cost.

2. Insurance costs 

If you need to get a mortgage with a high ratio you may have to pay mortgage insurance. Also, since your home in Seattle will act as a form of security on your mortgage, your lender will expect you to get fire and vandalism insurance as well.

3. Broker fees 

If you have any type of credit issue or problem proving your income, you may have to work through a mortgage broker to set up a special home loan. Because there is more work involved, you'll have to pay a separate higher fee for the application processing.

4. Getting a land survey 

Your lender will ask for a land survey in most cases to make sure that your neighbor’s property or assets are not encroaching on the land. A land survey establishes the boundaries of the Seattle property you intend to buy. 

5. Legal costs 

You'll need to get a lawyer to help you make the purchase legal and advise you on any of the legal implications. A title search will need to be done and the mortgage will need to be prepared and registered.

6. Taxes 

Needless to say, you'll also have to factor in getting the utilities set up, the cost of the move itself and whether or not you want to have the house professionally cleaned before you move in. 

Taking all of these things into account, you'll have to go through each one separately when you are purchasing a home in Seattle.  Your agent can walk you through each one so that you can have a pretty good estimate of how much in total it will cost you to buy the house. 

This blog is courtesy of Adrian Willanger at Coldwell Banker Danforth & Associates 206 909-7536 helping people buy and sale homes in the Greater Seattle area.

Maintaining modern Broadview bungalows is cheaper than many other types of homes. They have fairly modest heating and cooling requirements due to their moderate and open spaces. Unlike other houses, which have high ceilings and multiple floors, air conditioning and heating costs are reasonably lower.

• Movement

Bungalows are more accessible than multiple story houses. It is more convenient for an individual with limited mobility to access all the rooms in this type of house.

• Modification

As far as modification is concerned, bungalows are not restrictive. More rooms can be added whenever the need arises. It is possible to convert a bungalow into a multiple story house. As a family grows and extra space is needed, more room can be added. In two story homes and condominium units, this sort of flexibility and ability to modify does not exist due to how they are built.

• Re-Sale

Bungalows, when well-maintained, tend to have a higher resale value. Many people prefer this style of house because of the benefits it offers and its appearance. They often tend to have a unique appearance compared to other style of houses. You can usually sell a bungalow, even when the real estate market is low, for a good profit.

• Comfort

These houses are extremely comfortable to live in. Some have modern balconies for relaxation, dining rooms, kitchens and bedrooms and some are equipped with modern entertainment technology as well as leisure luxuries such as swimming pools.

If you are thinking about buying to purchase a home, a modern Broadview bungalow can probably offer you the benefits you are looking for. Bungalows are beautiful and comfortable for family living.

Contact Adrian Willanger for more information about bungalows in Seattle.

The Risks Involved With A Seattle Home Equity Line of Credit

A Seattle home equity line of credit, commonly known as HELOC, is simply a loan taken against your home. It works very similar to a credit card only it is a secured loan. You can access credit up to the value of the equity in your home.

While this kind of loan offers many advantages, there are risks and disadvantages that you’ll have to keep in mind. Many people who have taken this kind of loan have benefited greatly, while others have lost greatly.

Advantages of HELOC

There are a number of advantages of taking out a HELOC. These include:

·        Financing

If you are looking for finances to start or expand your business or invest is a profitable venture, you can take advantage of a Seattle home equity line of credit, to access financing.

·        Interest

The interest rate is charged on the actual amount of money you access, not the entire value of your equity. You have the option between fixed or variable interest, depending on what works best for you.

·        Repayment

When it comes to a HELOC, repayment focus is on the interest accrued first, for up to 15 years. It is only after this that the principle becomes payable.

Even with these advantages, you must consider the disadvantage of HELOC. Some of these disadvantages are:

·        Repayment

Once the loan is in place, the lender can and probably will hike up the repayments you need to make each month. Make sure that you are able to meet these hiked repayments before taking the loan.

·        Credit Ratings

Your credit rating can be affected adversely if you fall behind on payments or make some payments late. You must therefore plan your finances very carefully before jumping into a HELOC. At the worst, you can lose your home if you fall badly behind on repayments.

Take note of these advantages and disadvantages before applying for a Seattle home equity line of credit.

For more information on buying or selling real estate in and around Seattle contact Adrian Willanger, Coldwell Banker Danforth & Associates.