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Home Buying in 98021 : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions0

Activity 15
Fri Oct 12, 2012
Phil Leng answered:
Very well received community development. More details and alternatives: (Includes all King, Pierce and Snohomish Counties) and call us!
206-409-6600 ... more
0 votes 1 answer Share Flag
Mon Oct 21, 2013
Tammy Hatch answered:
You have found one! Best way to find one is to ask! I am very familiar with VA loans and love working with first time home-buyers. I can walk you through everything you will need to do. Give me a call or visit my website.
Tammy Hatch
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0 votes 10 answers Share Flag
Wed Oct 3, 2012
Tammy Hatch answered:
Are you working with an agent that is representing your interest? If so, they should be able to help you with your question. If not I would be happy to answer your question, give me a call
Tammy Hatch
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Tue Sep 10, 2013
Angela Hardy answered:
I had a client who was considering this development. We talked with several home owners while we were touring and they all had good things to say about the builder's responsivness and the quality of their homes. ... more
0 votes 6 answers Share Flag
Mon Oct 24, 2011
Jirius Isaac answered:

I live in Kenmore, which is also in the Northshore School District & love it here. I always recommend that before people buy a home that they go & talk to the neighbors to learn as much as you can about both the community & the neighbors themselves.

If you need help of any sort, I am both a real estate & a loan broker, so just let me know. In any case, do not buy anything without a buyers agent representing you & make sure you have a pre-approval letter prior to any offer.

Good luck to you.
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0 votes 3 answers Share Flag
Wed Oct 3, 2012
BayAreaHomeRebate answered:
well, u really cant do anything, because the sale is subject to lender approval. they need to approve all liens, before they go with the deal...

so bottom line, figure out what kinda of lien this is, if its a tax type irs lien, or hoa lien? it has to be resolved because now they are figuring out if the bank has to take that 15K hit, cause the seller of the house probably doesnt have the money to pay. they might have the seller do a promissory note if the bank fronts that 15k.

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0 votes 12 answers Share Flag
Sun Jul 26, 2009
James Hsu answered:
Generally you'll see a 1% lender fee plus a bunch of other costs that will add up to a grand or so. title and escrow will be another 2 grand or a bit less, then you have some pro-rated taxes and pre-paids...
I'd say if you were looking for a ballpark figure... use $10K
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0 votes 4 answers Share Flag
Sat May 23, 2009
Chris Mabry SRS,e-PRO answered:
That sounds like a really solid deal to me. All of the costs are in line and that's a great rate. Usually loan origination is 1% of the loan amount, so you are looking pretty good! Great credit and the large downpayment make all the difference. ... more
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Tue May 19, 2009
Corri Klebaum answered:
A loan origination fee typically is 1% of the loan amount or one point. You always have the option of paying a higher rate in lieu of the fee or a higher fee to buy down the rate, discuss this with your loan officer. The points charged will vary depending on the loan amount. The processing fee will vary a little by broker but is to pay for the processing of the loan file as it is submitted to underwriting. Closing and settlement charges are third party fees for escrow and title work, this will not really vary by lender although good faith estimates might show them quoted low to entice you :) Ask lots of questions!

PMI is Private Mortgage Insurance same as MI (MIO i think is a typo) you will have this if your loan to value is over 80% unless you are taking out a VA or USDA loan.

Funding fee is required on FHA, VA, and USDA loans.

"Price is what you pay. Value is what you get." -Warren Buffet

Good Luck!
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0 votes 1 answer Share Flag
Wed May 20, 2009
James Hsu answered:
Ask an agent to help you do a market comparison / research to help you figure out current market value.
0 votes 6 answers Share Flag
Sun May 17, 2009
Sandy Noll answered:
Hi William

Yes the seller is obligated to disclose on the Form 17 any information he obtains that can affect the value of the home. You are also correct that eventually he'll have to address the issues with the roof, whether its to fix the problems or perhaps reduce his price. Work with your agent to negotiate a win win and everyone will be happy in the end. ... more
0 votes 5 answers Share Flag
Mon Nov 17, 2008
Keith Sorem answered:
Your profile says that you are a home buyer, so here are some tips that might help you. I recommend discussing these points with your Realtor. If you do not have a Realtor and would like a referral to a great buyer's agent, let me know.

Contrary to what most people think, there are not a lot of nice homes to buy. The typical buyer thinks "there are lots of nice homes, I can just make low ball offers and someone will be desperate and will meet my price". If your goal is to get the best house for the money, here is some food for thought:

In most markets there are actually two markets at work. About 20% of homes are prepared for market correctly, marketed in a way that shows the value of the homes, and priced right. These homes will usually sell within two weeks and when they sell, sell closest to asking price. In my market that means 100.3% of asking.

The other 80% of homes on the market are not prepared for sale, not marketed well, and over-priced. This causes them to stay on the market longer and in my market that means over 100 days. At 120 days on the market they sell at 92.7% of asking...and that would be AFTER some price reductions.

So why is this important to you? When you are looking to buy a home, the best deals usually go first. That means when you and your Realtor meet, and determine your needs, they will develop a profile and start looking for a home. When they call you to see some homes, chances are there will be a mix of homes that have been sitting on the market , and those that have just hit the market.

Pay attention, you'll be surprised at the difference.

Good luck.
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0 votes 3 answers Share Flag
Fri Oct 10, 2008
Steve Halvorson answered:
Bothell is a great area to own a home, if it meets your criteria. Northshore School Distirict has very good schools and test scores. Bothell has good access to Seattle and Bellevue. Location, location, location is always important for resale and with the good access and good schools Bothell makes a great place to make it your home town. ... more
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Fri Jun 6, 2014
AJ Chamberlin answered:
Houses on busy streets can often realize a market value difference by as much as 15 - 20% lower than other comparable homes in more desireable locations, particularly in softer markets where Buyers have ample homes from which to choose. You did not specify the respective price of each home, so if the $ 70,000 price difference falls in line with 15 -20%, then yes, I would say that is probably a reasonable difference. Also, how much of an adjustment is required depends on how busy of a street you are talking about (i.e. a four lane highway would be a greater difference than a 2 lane main city street). ... more
0 votes 10 answers Share Flag
Mon May 26, 2008
Courtney Cooper answered:
HI - That is a tough one -you should be able to figure it out on your own by looking at the other sales prices for the ones that sold recently. Even if other buyers got better deals, you need to look at the specific perks of each lot. So many times there are specific lots that are priced differently for a huge variety of reasons. There also could have been a special at the time other buyers purchased. Builders tend to run specials here and there and they do change depending on which houses the builder is wanting to push.
In the past, I sold a new construction house to my client only to have the builder run a promotion not more than a week later. I called the site agent for my client and simply asked for the same deal. The builder agreed. It is in their best interest to make you happy - you are a buyer in a market where the buyer pool has grown smaller.
Just ask your Realtor to help you - Good luck!
... more
0 votes 17 answers Share Flag
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