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Home Buying in Seattle : Real Estate Advice

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  • Local Info115
  • Home Buying480
  • Home Selling98
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Activity 513
Mon Jun 19, 2017
Kathy Burgreen answered:
As a former realtor, you will need a reality check. Housing prices along the Pacific and northeast Atlantic coasts are way more expensive than anywhere in Middle America including Texas. A typical 4 bedroom home in Texas will cost you 1.5 x as much in California, Oregon, Washington on the Pacific side and about 2x as much in New York, New Jersey, Conn. and Mass. The major difference is the disparity in incomes and the cost of living expenses. As a guideline, incomes are generally higher along the coasts for the same exact job. Hopefully you negotiated to receive a higher income before moving to Seattle. Gas prices are higher in WA than Texas for starters.

Good Luck.
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Fri Jun 9, 2017
Sunilasingh14 asked:
We are a family of three (2 yr old) working at Harborview (hubby) and me downtown. Narrowed our choices down to QA/Magnolia and NE Seattle. Thoughts?
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Wed Jun 7, 2017
claudia asked:
Our agent has agreed to rebate us some of his commission. We are in WA. He put down my name on the commission disbursement form (from 40). The lender said he can't just rebate to me.…
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Wed May 31, 2017
Eric W Vander Werff answered:
Closing cost paid by sellers or lender credit or the agent - can be used for closing costs or pre paid items only. They can't be taken as cash at close or applied towards the down payment. If there is extra, that amount goes back to the party that was contributing. You can consider buying your rate down, buying out part of your mortgage insurance. Hope that helps and best of success. ... more
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Wed May 31, 2017
Swalker0821 answered:
I'm in a situation, we obtained an approval, the loan officer told us that we had to pay off all of our bills and had to sell our home (which we wanted to rent out) so we did all that upon her instructions......I had filed a medical bankruptcy 13 in 2010 - week before closing and after she had us drain all of funds and sell our home, she came back and said that she didn't see the Sept 15 date and we couldn't get the loan until Sept 17 - So now I am closing on our home in a few days and have no home to go to, they are giving me the "OH WELL" like we don't's a few months away.....after instructing us to do all this and now we have no home and are basically broke we are on the streets.......a detailed loan officer would of seen all this up front, we could of sat still until Sept, still had our home, paid off the bills within the next few months and now we having nothing!!!!!!! I am so frustrated, and that's my favorite, they said, "we understand your frustration" really????? What action can I take????? ... more
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Mon May 22, 2017
Sillylittlenunu asked:
Mon May 15, 2017
Scott Godzyk answered:
It shows you why a buyer should have their own agent looking out for their best interest. Your recourse is to check with the managing broker. It will depend what you have signed as verbal offers do not count ... more
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Thu May 11, 2017
Admin answered:
This is a critical topic... Negotiating the right deal when you have a property for sale with doesn't necessarily mean getting what you want at the cheapest possible price. Before you start to negotiate, draw up a list of the factors that are most important to you.
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Fri May 5, 2017
Kathy Burgreen answered:
You need to verify the number of parking spaces with the HOA. The seller can say anything they want whether it's true or not. You need to learn that once you close, the condo is yours and whatever mistakes or lies were told to you is too late to correct. Make sure you verify EVERYTHING BEFORE YOU CLOSE!!! This also includes the HOA's financials.

I'm a former realtor and broker listings have a statement in small print at the bottom that states: "The information contained in the listing is the best to our knowledge but is NOT guaranteed. It is the buyer's responsibility to verify all facts."

So verify the number of parking spaces that will be included in your purchase and the HOA's financials. You need to learn that HOA's are run by individual condo owners and they do NOT need experience or a background in accounting management. Therefore, they can mismanage money or be in the red. The financial statements will reveal the truth and make sure they are audited by a CPA. If not, do not buy into this condo.
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Tue Apr 18, 2017
Sandykaufman954 answered:
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Mon Apr 17, 2017
AJ Hernandez answered:
In my personal experience there are two ways that are best but there are others that might work as well. The best way is to try to speak to the owner face to face so if they come by to check out the property try discussing your interest with them, HOWEVER please be VERY CAREFUL as there are a lot of scammers out there pretending to be the owner of a property and trying to "rent" or "sell" homes they do not own to steal your money especially houses that are VACANT or have been sitting for a while or when the owners lives out of the area, so ONLY take this approach if you know who they are. Another way is to go to the public records and see if you can find their contact info it may be hard to find their phone number but you can usually find a mailing address and sent them a letter. Another way is to ask neighbors if they know the owner and/or know if the owner would consider selling. Lastly if the property has been on the market before with an agent you may be able to contact that agent and see if they know if the owner is willing to sell or if they would be able to contact the owner however in this case the agent may want a commission from the buyer or seller. I am NOT a realtor and do not currently offers loans outside of Florida I am providing this info from personal experience. For your specific case contact a licensed professional in your area. I hope this helps, God Bless...Psalm 20:4 ... more
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Wed Mar 29, 2017
Gordonlaw1007 asked:
Tue Mar 28, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

We have some very low down payment programs available.

If the card is paid off already and it shows up on your credit as paid off already then it will not count as a debt.

If you would like a pre approval please let me know, we have low rates, excellent service and I make myself available almost 24/7.

If you have any other questions or need help with this you are welcome to get in touch with me.
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Sun Mar 19, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

If you have a lease in place on your current home that will take effect when you vacate you should be able to use the rental income to help you qualify.

The best thing to do is to get a pre approval this way you can better plan.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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Wed Mar 8, 2017
Niki Campbell answered:
HomeStreet Bank, which is based out of Seattle has a couple options for 85% to 90% jumbo loans. Let me know if this matches what you are looking for and feel free to contact me through my profile!

I look forward to hearing from you.
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Fri Feb 24, 2017
Susie Kay answered:
Have you consult with your realtor? If you don't have a realtor then I would suggest that you consult an attorney. Here in Texas realtors are not allowed to cross any part of the contract. ... more
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Tue Feb 21, 2017
Dave Skow answered:
Tue Feb 21, 2017
Dave Skow answered:
Diana - do you still need assistance >\?
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