Posted September 17 2010, 4:41 AM PDT by Tara Sharp

What do you think about the recent market news?

Posted in Buying, Selling, Market News, and Windermere by Tara Sharp

There is no question the economy and the housing market has slowed down over the last few years and the recent deluge of articles for and against homeownership is impossible for us to ignore. Ultimately, we believe that the American dream of homeownership is alive and well. There are inherent benefits to investing in your home, for financial reasons, personal and societal benefit and the overall stability of the national economy.

We have more to say on this topic, but first, we want to know what you think. Can we provide any information to clarify the reports regarding the real estate market? What is the value you place on owning your own home? What is your advice to people entering the real estate market? If you are interested in purchasing your first home, what do you want to know?

HousesBlock


3 Comments

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  • Hi Erica,

    It is now January, the holidays are over, and the new year begins. I thought I might adress your direct questions here, as I am an agent with 27 years experience, and have some tips and ideas you might find useful.

    I'll list your questions here, then answer them.

    Q. Who do I talk to about finding out what I qualify for?
    A. If you are in Washington or Oregon, I recommend talking to Windermere Mortgage Services to get some intial questions answered. You'll find they are true professionals, and are ready to help educate you, as well as guide you, and will make recommendations to help you understand the mortgage process as it applies to your situation. Here is a link to Windermere Mortgage Services Planning information. http://www.windermeremortgageservices.com/planning/

    Q. What are the pros and cons of buying a home in foreclosure?
    A. There are pros and cons of buying a home in foreclosure. If the property has not completed the foreclosure process, it may be a 'short sale', or it may not. There may be a bankruptcy involved. There may be issues in getting the title properly cleared. For better answers to these questions, sitting down with a good real estate agent, and be certain to speak to your mortgage loan representative about how a property in the foreclosure process may need special consideration regarding your specific financing needs.
    Legal advice is also something to consider.

    Q. Is it generally cheaper? Or is there a better option to look at? What’s the typical time it takes for a first time buyer to get through the process? Is looking at buying in the new year probably too short of notice?
    A. All of these questions are very important. Finding a competent agent to work with is the first step. I suggest that buyers ask their friends, relatives, or even their boss, for referrals to an experienced real estate agent. Another way to find a good agent in your area, is to talk with the manager of any Windermere office near your geographic area, and ask them to help recommend someone for you to talk with.

    Go to www.windermere.com and take a look at the maps, to zero in on where a Windermere office near where you want to live is. Feel free to simply stop by that office in person, call the manager, or email the manager to ask for a direct response from a competent agent.

    Best wishes for success in your home search, and have fun with the process!

    Posted January 10 2011, 7:00 AM by Leanne Finlay

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  • Hi Erica,

    You certainly can make your move now to purchase your first home. It may seem like a daunting process to figure out what you can afford and what home is right for you. We have some resources to help you navigate the process.

    The first step is considering your price range. You can get a real estate agent and they can help you walk through the process. An agent can help you find a loan officer to determine what loans you are eligible for and your price range. Or you can find a loan officer directly before you start with an agent, though our agents are prepared to walk you through the entire process.

    You sound like you know what you want to find, which is also very important! It is never too early to start looking. Figure out what you want in terms of location, size, layout, features and more. Then start your search. You can work with an agent directly and browse houses by neighborhood and search online. The more you know about what is available on the market the better prepared you will be to make an offer when you find the right home for you.

    If you are looking at moving on a fast timeline you will want to find a place that is being sold by the owner of the unit or the developer/builder of the building you are interested in. Short sales and foreclosures are definitely options, but can take awhile. A good agent will guide you through the process and help find the right home for you. By starting now you should be in a good position to find a home by the time your lease is up.

    You can find some useful information on buying a home here: http://bit.ly/d9ws7K.
    We are also happy to answer all your questions here on the blog.

    Yours,
    Tara Sharp

    Posted November 22 2010, 5:54 AM by Tara Sharp

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  • To whom it may concern at Windermere,

    I am very interested in buying my very first home, preferably a condo, perhaps a townhouse. My current lease is up at the end of February so, after hearing from multiple sources that it's a great time to buy, I'm wondering if I should look into buying this coming Spring/Summer, or continue to rent.

    I am wondering if you could let me know some basics on how to best get started in the process.

    Who do I talk to about finding out what I qualify for?
    What are the pros and cons of buying a home in foreclosure? Is it generally cheaper? Or is there a better option to look at?
    What's the typical time it takes for a first time buyer to get through the process? Is looking at buying in the new year probably too short of notice?

    Thank you so much for your help!

    Posted November 20 2010, 4:11 AM by Erica Wiggins

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