« May 2005 | Main | July 2005 »
June 17, 2005
FHA Mortgage Limits Increase
These are the new FHA mortage limits as of June 16, 2005
King County:
One-Family - $305,900
Two Family - $344,500
Three Family - $418,600
Four Family - $483,000
Snohomish County:
One-Family - $305,900
Two Family - $344,500
Three Family - $418,600
Four Family - $483,000
Contact Beau in order to sell a home or condo property for the best possible price....quickly.
Posted by beaubetts at 2:35 PM
The Difference Between Pre-Qualification and Pre-Approval
Pre-qualification is the first step in obtaining mortgage financing. A potential borrower answers a few questions to provide the loan consultant with a quick snapshot of the borrower's income, existing debt, accumulated savings and whether or not there is a co-borrower. Signature(s) allow the loan consultant to run a credit report and begin to determine what loans are good candidates for this particular client. However, there are literally thousands of loan programs available. It is important for the loan professional to know the long-term financial objectives of the prospective homeowner.
Pre-approval is a written documentation that proves the borrower has full support of a lender. It means the form 1003 Uniform Residential Loan Application has been completed and reviewed by an underwriter. Based on the borrower's income, debt ratio and savings, the underwriter will provide a dollar amount this borrower is eligible for. Now the borrower has the convenience of shopping for a home in the price range agreed upon by the lender.
Pre-approval allows potential homeowners to shop as cash buyers, and that means negotiating power. The seller will take an offer from a pre-approved shopper much more seriously, and full credit approval can save the borrower up to 15% off the purchase price of the home.
Contact Beau in order to sell a home or condo property for the best possible price....quickly.
Posted by beaubetts at 10:13 AM
June 7, 2005
Oh Where Have All the Sellers Gone?
The Seattle Times reported today that the number of homes and condominiums in King County for sale are off by 31 percent compared to one year ago and Snohomish County inventory is off by 23 percent! Demand is staggering yet there just isn't enough property on the market. Prices are jumping sky high and those homes are being snatched up within days usually with multiple offers. It's still a very strong seller's market.
Contact Beau in order to sell a home or condo property for the best possible price....quickly.
Posted by beaubetts at 2:04 PM
June 1, 2005
National Safety Month
June is National Safety Month—here are some tips on how you can keep your household safe...
Fire Safety: Potential fire hazards in your home include overloaded electrical circuits, faulty wiring, unsafe appliances, and unattended fireplaces, candles, and stovetops. Your home should have one fire extinguisher for every 600 square feet of living area. And it is recommended to have at least one smoke detector or alarm on every level of your home and in every sleeping area. For more information on fire safety, please visit www.usfa.fema.gov.
Carbon Monoxide: Carbon monoxide is the number one cause of poisoning deaths in America. Carbon monoxide is a fairly undetectable gas found in household items including fireplaces, power tools, charcoal grills, and lawnmowers. The easiest way to protect your home from carbon monoxide poisoning is to install carbon monoxide detectors. To learn more about carbon monoxide detectors or to purchase one, visit www.homedepot.com.
Burglaries: Break-ins can be prevented by taking simple precautions when you’re traveling, such as canceling newspaper delivery, placing timers on lamps, and having a neighbor collect your mail. One of the best ways to determine if your home is secure from intruders is to lock yourself out and try to get in without using your house key. Most insurance companies provide discounts for devices that make a home safer, including dead-bolt locks, window grates, bars, and smoke/fire/burglar alarms.
Natural Disasters: There are some simple steps you can take before a natural disaster strikes to reduce the chance of serious injury: brace overhead light fixtures; repair deep cracks in ceilings or foundations; teach all household members how to turn off gas, electricity, and water. Teach children how and when to call 911, and which radio station to tune to for emergency information. It’s also recommended that you keep a three-day minimum supply of emergency water and food on hand, as well as a first-aid kit.
More information about home safety can be found online at www.redcross.org.
Contact Beau in order to find and purchase or sell a home or condo property.
Posted by beaubetts at 10:00 AM
Real Estate Investors Wanted
Are you a real estate investor? Have you thought about investing in real estate? Well, I've got a opportunity for you to take part in the real estate boom that's occurring up here in the Northwest. This duplex is currently occupied and each unit is 1,016 sq ft., has 2 bedrooms, 1.5 bathrooms, living room, dining room, wood-burning fireplace, deck, washer/dryer hookups and carport. The duplex has great access to I-5 and Boeing in Everett. If you would like more information regarding this property be sure to contact me.
SOLD for $263,500
Contact Beau in order to sell a home or condo property for the best possible price....quickly.
Posted by beaubetts at 9:40 AM
