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Home Buying in Lynnwood : Real Estate Advice

  • All57
  • Local Info8
  • Home Buying14
  • Home Selling3
  • Market Conditions4

Activity 16
Wed May 4, 2016
Karen Peyton answered:
It's good! Congrats! It means that based upon the information you've supplied thus far, the lender considers you a candidate for a mortgage. There are "always" conditions...e.g. a home that meets the appraisal contingency, last minute verification of employment, most recent pay stubs and bank statements, etc.

What you've got is as good as it gets. Not the keys just yet, but you're on you way!

Good luck!
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0 votes 1 answer Share Flag
Thu Sep 17, 2015
Malgorzata Ringston answered:
You should speak to real estate attorney, laws are constantly changing. Better be safe than sorry.
Good luck!
0 votes 1 answer Share Flag
Thu Jun 11, 2015
Contact Kerry Travers at Juniper financial. Tell her Chuck Tudor with Capture Realty sent you!
0 votes 1 answer Share Flag
Wed Apr 22, 2015
Joanne V McCann answered:
If you are a licensed real estate broker in Washington state you are only covered under your license to list and sell properties within Washington. You can, however, refer another licensed agent in any state outside of Washington and receive a referral fee. Any monies received for payment of real estate activities within Washington must be paid to your brokerage where your license is hanging and cannot be paid directly to you. ... more
0 votes 6 answers Share Flag
Thu Jul 17, 2014
Kary Krismer answered:
Does the $1,300 include taxes, insurance and HOA dues? I suspect it does, but if so, that's your answer. $114, the difference in HOA dues, would be about $22,500 of loan amount at 4.5% interest over 30 years.

People don't realize that HOA dues affects the value of property because it affects what people are willing and able to pay for a property.
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0 votes 2 answers Share Flag
Tue May 27, 2014
Jeremy Locke answered:
Lynnwood typically has higher rents than Everett. The closer you are to the Eastside/Seattle the higher the rents are.
0 votes 4 answers Share Flag
Thu May 22, 2014
Craig Bosse answered:
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and you will need a 20% down-payment and 660 mid FICO score.

This loan is available in - AZ, CA, CO, DC, FL, HI, IL, MD, MT, NV, NJ, NY, NC, OR, SC, VA, and WA . Loan amounts up to $4 million +
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0 votes 9 answers Share Flag
Wed Oct 23, 2013
Brian Acey answered:
There is a new program that allows for purchasing a home within 1 year of completing a short sale provided that certain conditions were met. I believe that your PCS orders would qualify. also, you must have good credit after the short sale. If you would still like to look into purchasing a home, contact me and I can put you in contact with a lender that can help. ... more
0 votes 5 answers Share Flag
Mon Feb 11, 2013
Maria Cipollone answered:
Expected increases in both owning and renting costs may encourage more consumers to buy and more sellers to increase the selling price. Reason for these increase? lack of inventory.
Yes, legally speaking they can raise the asking price before they sign any sales contract.

Best of Luck,

Maria Cipollone
Century 21 Tenace
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4 votes 10 answers Share Flag
Tue Apr 17, 2012
98036rocks answered:
Does it have to be two years as the sole proprietor or two years total? I have been with the company for 4 years but income last year was lower as I had a baby and took unpaid leave.
0 votes 4 answers Share Flag
Tue Mar 6, 2012
Manda Wong answered:
I'm in the boat you all are. I was supposed to close 12/23 but have been waiting ever since. This is really frustrating! My loan rate has expired and I have to relock it every 5 days. ... more
0 votes 3 answers Share Flag
Wed Mar 3, 2010
jj answered:
I have seen it affect the activity of short sale quite a bit. Someone who may want to get in on the credit may want to put in their offer now if they are looking at a short sale house/condo. Not only do they have to have the offer mutually accepted by April 30th, but they have until the end of June to close the transaction. When it comes to short sales, there is absolutely no certainty in timelines. One can only go from experience and make an educated decision as to whether or not it will get done.

I just advised a particular buyer of my opinion on this in regards to a property they were looking at buying and they wanted the credit. It was a short sale, and they liked the house, but the listing agent's answer to my question about who would be negotiating the short sale was..."I don't know yet, but we can figure that out". Also, they were sitting on offers that were close to full price and not giving a response in a reasonable amount of time. We decided to go a different direction. This was a situation where it was unlikely we were ever going to get to a closing table, much less by the tax credit deadline.
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0 votes 4 answers Share Flag
Fri Feb 26, 2010
jj answered:
When I receive an offer on a short sale I have listed, we evaluate where the offer is in comparison to market value and what are the chances that offer is reasonable enough to be accepted by the sellers bank. However it is often difficult to tell what they will and won't take, so that is why I perform my own worst case BPO in advance of listing the property to have available once a viable offer comes in to help in justifying to the lender that this offer is legitimate. I understand the lender will order their own BPO, but this shows the bank that I know what I am doing. Once the BPO is ordered, I meet that agent and give them my BPO and tell them the offer price so they know where we are at, since the bank usually does not tell them. It is important they know this.

Once we are in mutual acceptance however, we change the listing to "Pending Backup Requested" and will allow unsigned backup offers, but do not execute them or send to the sellers lender unless the first buyer falls out. This is assuring to any potential buyer that if their offer is mutally accepted, that they will have a real shot at getting the home, versus a blind auction when an agent shotguns a bunch of offers to the bank.
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0 votes 9 answers Share Flag
Thu Jan 29, 2009
Barbara Mcmahon, SRES,SFR,AHS answered:
There are many lease to own properties in the Mill Creek/Everett area. Even if they don't state that in the listing, a competent Realtor can offer that possibility to the seller. You and your Realtor should look at some properties. They will be able to guide you to which properties would be the best options for your needs. ... more
0 votes 3 answers Share Flag
Thu Jan 29, 2009
Lynnwood98087 answered:

Good Afternoon! I am a homeowner who has a 4 bed 2.5 bath for sale about a 5 min drive to Alderwood. Would be willing to discuss rental or rent w/option to buy. Send me an email with specifics if you are interested. Good luck.
... more
0 votes 13 answers Share Flag
Wed Jan 21, 2009
Joe Loutsis, CRS answered:
The previous sales price for that unit was $75,950 in June of 2004. They are currently asking $122,500 for a similar unit in that complex.
0 votes 2 answers Share Flag
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