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First Home Buyers Academy

Buying your first home is a challenge. Charles Grimes has been a real estate consultant for 30 years, and is a real estate agent with Coldwell Banker. He can help you decide if this is the right time for you to purchase a home and chose the right home for you.

Seattle Commercial Waterfront Property for sale

Once in a lifetime opportunity to own waterfront commercial property in Seattle. Over an acre of land (1.23 acres) zoned C1-40 on the ship canal just past the Ballard Locks near Shilshole Marina.Owner financing available.Feasibility and survey completed. Building currently rented to a catering facility providing monthly income. Can be a restaurant, townhome or condo enclave, work/live lofts,or your dream come true. 5%cap rate.

 

MLS # 281118112

Call 206-817-6677 for more information.

Coldwell Banker- Company Overview

Coldwell Banker Real estate is the nation’s oldest real estate organization. In 2003, the company celebrated its 100th anniversary of the company and its principals of honesty, integrity and service. With over 100,000 sales associates, Coldwell Banker is sustained by the integrity of its agents.

 

 

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Seattle posts 14% real estate market increase. LA Times Reports

Los Angeles Times reported that Seattle prices rose 14.9% in the first quarter, making it the fifth most expensive housing market in the USA. The average home price is now $476,8000, up from $415,1000 at the beginning of 2008.

Los Angeles Times report from May 25, 2008

Wall Street Journal Rates STRONG Real Estate Markets: Seattle Houston Dallas

An April 24^th article in Wall Street Journal rates Seattle as a number one in strength of its real estate market. Houston is second and Dallas third.

These ratings are based on employment growth and loan payments overdue.
Seattle has a strong employment outlook and less than 3% loans overdue.

 

Houston has a very strong employment outlook, but a 40% loan default rate.

Both Seattle still shows a 4% increase in home valuations  and Houston has close to 10%. 

There are still strong pockets of growth in this market. Do not wait and miss out. Prices are still increasing and mortgage rates are very low! In these markets, it is still a very good time to invest.

Read more about this at

www.squidoo.com/hotrealestateseattle 

Mortgage Brokers Tighten Up- What you can do to get a mortgage

Mortgage brokers are becoming more selective in the loans they grant. Buyers can expect to pay at least 10% down payment. No longer will you see zero down loans, at least for the time being.

What does this mean for you, the buyer?

The good news is that there is less competition for properties.

The bad news is that you may not qualify with your lender to purchase the property of your dreams.

What to do?

Ask your real estate agent for referral to a qualified mortgage specialist. These specialists can explain what mortgages are available to you, calculate what your downpayment and monthly payments would be, and pre-qualify you for a loan.

Then, when you find a house or condo to purchase, your financing will be in place.

Sellers are now nervous that an offer for their home may not lead to a sale if the buyer can’t find a loan. Therefore, they are eager to sell to prequalified buyers. This may even be a bargaining chip to obtain a lower price.

Buying or Selling a Home in Seattle?

 Buying or selling a home in Seattle Washington?

For further information

Visit my Seattle Real Estate Lens
here!Visit my real estate web page herehomeagainproperty.com. This is the link for the new web site on its way

Charles H. Grimes, real estate agent

Charles Grimes, real estate agent with Coldwell Banker Bain, is a certified Cartus Relocation Specialist. Homes, condos, townhouses and houseboats for sale in Seattle.