Buying first home

Asked by Gerald, Kenmore, WA Fri Jun 1, 2012

My wife just got a promotion in here job which will bring us to the Bothell area, we currently live in Everett now and looking for either a nice condo or townhome, we have never owned a home before and we are looking forward to owning instead of renting especially if it is the same we are paying now , we both have good credit and make between 3500-4000 month

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12
Jennifer Mur…, Agent, Everett, WA
Wed Jun 6, 2012
Bothell is one of my favorite areas and also a lot of prospective home-buyers. Homes go very fast and due to the shortage there are multiple bids. Make sure you have a full pre-approval before house hunting so you can put yourself in front running position if you find a home you love. I would also agree with other comments on the townhome/ condo thing some many of my clients decided to forgo a condo in favor of a single home as the monthly dues in the area range in the mid 300 to 400's. Add that to your payment and you really could afford a new home. Good luck and if you ned any assistance please feel free to contact me.
0 votes
Dave Skow, Mortgage Broker Or Lender, Seattle, WA
Tue Jun 5, 2012
6/4/2012

Gerald - Hi there ...I thought I would follow up to see if you have any additional needs or questions about the house buying idea ?

Thanks

Dave SKow
0 votes
Dave Skow, Mortgage Broker Or Lender, Seattle, WA
Tue Jun 5, 2012
6/4/2012

Gerald - Hi there ...I thought I would follow up to see if you have any additional needs or questions about the house buying idea ?

Thanks

Dave SKow
0 votes
Tonya Brobeck, , Everett, WA
Fri Jun 1, 2012
Hi Gerald, congratulations in this bIg step! This is an opportunity of a lifetime with the lowest rates ever & prices at rock bottom too! I would love to help you get pre approved. It only takes a few minutes and I have great Realtors standing by that specialize in that area and who have listings in that area. If I can be of service please give me a call 425-268-1066
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Mary Sunde, Agent, Bellevue, WA
Fri Jun 1, 2012
Gerald

Buying your first home is exciting! Finding an agent that has the extra time to spend with you
reaching your goals is important. They have valuable knowledge that can make the process less
stressful. It's a good idea to interview a couple of agents to see which one(s) you feel comfortable
with and will best suit your needs.
0 votes
Jim Simms, Mortgage Broker Or Lender, Louisville, KY
Fri Jun 1, 2012
Congrats to both of you. Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
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Pierre Arcos, Other Pro, Everett, WA
Fri Jun 1, 2012
Hi Gerald,
Be sure you also hire a licensed Home Inspector who will report to you the condition of the home you choose to purchase. The home inpsection report is always an important component in purchasing a home. Visit my website to find out what a home inspection entails and what information you can get from a home inspection report.


Best Regards,

Pierre A. Arcos
0 votes
Stacey Lange, Agent, Kirkland, WA
Fri Jun 1, 2012
Gerald -

Making the decision to buy a home is always exciting, obviously a bit overwhelming, but now it sounds like now is a good time to move forward, with the pay increase for your wife and still really terrific deals in the housing market, including interest rate that are at all time low.

I specialize in working with First Time Buyers as yourself and have some information on my website I can share with you:

For First Time Buyers: http://www.searchseattle.net/first-time-buyers.php
Helpful Home Buying Tips: http://www.searchseattle.net/buying-tips.php

I always take about 30 minutes and sit down with my first time buyers and run through the general process of buying so they have a good understanding as we move forward. Letting them know all the steps that are ahead of them. I periodically teach classes for the WA State Housing Finance Commission to First Time Buyers and this is a great program that allows first time buyers in our state to buy with no money down -- I can recommend a great lender who can share with you a couple zero down programs that might work for you, his name is Chuck Chrobak with Sterling Savings Bank -- http://www.chuckchrobak.com/ He can prequalify you or simply answer questions for you with absolutely no obligation.

Here is a page on my website to tell you more about how to buy with no money down:

http://www.searchseattle.net/zero-down.php

Townhomes and condos are a great low maintainence option, but keep in mind there can often be monthly homeowners dues. Don't rule out single family homes because you think you can't afford them, you might be surprised about what is out there. If Everett is where you think you want to start your search, here is a link to search homes there: http://www.searchseattle.net/everett.php

Finally, keep in mind there is no cost to have an agent represent you, so be sure to connect with someone early..... you are always welcome to give me a ring! I live and work right here in South Snohomish County and have for the last 14 years. http://www.searchseattle.net/stacey-lange.php

Best of luck to you!!



Lastly, one thing you may no realize is there is no cost to work with an agent
Web Reference:  http://www.searchseattle.net
0 votes
Jirius Isaac, Agent, Kenmore, WA
Fri Jun 1, 2012
Gerald,
I live in Kenmore & am both a loan officer & a real estate broker. I would love to chat with you about buying a home in Kenmore or the surrounding area. My cell phone number is 206-841-9976. Feel free to call me & we can set up an appointment to meet. I would recommend that we chat briefly, then I would email you some information to read since you are a first time buyer. When we meet we can do a first time buyers "class" and then get you pre approved for a loan if you feel ready to get going. You can check me out online prior to calling me to see who I am.

I hope to hear from you soon, Jirius Isaac
0 votes
Dave Skow, Mortgage Broker Or Lender, Seattle, WA
Fri Jun 1, 2012
Congrats

I would recommend chatting with a local loan officer to find out the loan amount and purchase price you can afford ..... This wouldn't be more than a 5-10 minute conversation at no cost

Let me know if I can assist

Thanks
0 votes
Kary Krismer, Agent, Renton, WA
Fri Jun 1, 2012
You've hit on the topic of my next blog piece. Which comes first, the agent or the loan originator? I've come to the conclusion it's the agent, because they can help you pick a good loan originator. One that will get the job done competently, timely and for a reasonable cost. The most problematic transactions many agents have are ones where the buyer finds their own loan originator through whatever means.

As to your goals, tread carefully. A lot of condo associations are not in the best of financial condition. It is possible to find exceptions, but when you buy into a condo you connect your finances to the others in the same complex. If many of them cannot afford their dues (or worse--special assessments), things can head downhill quickly. You can often estimate the condition of an association by external factors, and part of the buying process will involve your obtaining a "resale certificate" which should give more detailed information. Don't hesitate to back out if you don't like what you see.
0 votes
Shaukatali K…, Agent, Katy, TX
Fri Jun 1, 2012
Hello Gerald,
Follow some tips on this videos.


Ready to Buy a Home? http://youtu.be/hNTC1dyKZm4
¿Listo para comprar una casa? http://youtu.be/u8bDc2GGOV0

http://realtytimes.com/REUv/KadiKadibhai

Kadibhai (Kadi)
Prudential Gary Greene, REALTORS - Katy
Phone: 832-228-7978
Fax: 281-646 1841
Email: kadi.kadibhai@garygreene.com
Web: http://www.har.com/kadi

"The highest compliment I am ever given is when I am
referred to your family & friends!"
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