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Home Buying in 98034 : Real Estate Advice

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  • Home Buying8
  • Home Selling6
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Activity 6
Sat Oct 11, 2014
Jeremy Locke answered:
It's a great time to buy, property values have been increasing over the last 12 months and interest rates have stayed low..
0 votes 6 answers Share Flag
Wed May 29, 2013
Kathi Pierce answered:
It depends on how you structure this. A house, in and of itself is not "income". I can pay cash for a house, after closing I can remove my name (Quit Claim) from the Title and Quit Claim my child on. Either for "love and Affection" (no money has been exchanged) or a dollar, or any mutually agreed upon amount. whatever. If there is a dollar amount, you're talking literally selling the house to the other party, and then there is excise taxon that amount . The only taxes my child would be responsible for would be the property taxes, up until the time the child decides to sell the property. Then there would be Capital Gains to pay if not reinvested. ... more
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Wed May 29, 2013
Kathi Pierce answered:
There WAS a tax credit up to $8,000 being offered to help stimulate home sales (i.e. PURCHASES) but that ended a couple years ago.
0 votes 3 answers Share Flag
Wed Jan 16, 2013
Brian Leavitt answered:
Simply take a look at the tax record under ownership history. Usually this will show who the builder is but if not a call to the title company can often provide the answer. your broker should be able to do this easily for you. If all of the homes in a neighborhood are built by the same builder then asking a neighbor may be a reliable source but some Kirkland neighborhoods were built out by many different builders many of which are no longer in business. I disagree with the previous answer in that split level homes are a very popular plan offering more square footage for the dollar than any other floor plan but remember the reason for this is that approximately half of that square footage is below grade or basement square footage. Split levels are a big home for the money, have always sold well because of the size and value and are easy to maintain because of the elimination of the crawl space. ... more
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Sat Dec 8, 2012
Jirius Isaac answered:
If it looks like it will not get done on time, go speak to a real estate attorney. I can recommend a couple of them to you that do this full time & they can discuss options with you. Most of what the others have said is true. Do not stress on it too much.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
... more
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Tue Mar 30, 2010
Phil Leng answered:
Hi Mcoupe,
I love your question.
There is a "strike zone" for making an offer. If you offer lower than that, you insult the seller, and even if you later want to step up your offer to get high enough to buy the property, the seller wants to have nothing to do with you and will not sell the house.
The question you are asking is, what is the bottom edge of the strike zone?
I worked with a buyer last year that made offers 20% to 25% low. He frustrated sellers. He frustrated sellers agents. He frustrated me. In the end, he was never able to buy a house.
It seems that 5% to 6% is generally the bottom edge of the strike zone.
Remember, prices have come down 22% already.
Thands for asking the question
Phil
... more
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