Tips from The Cascade Team Agents

KIRKLAND, Washington (October 5, 2017) – “October will be the best month for selection and availability until late February,” proclaimed J. Lennox Scott when commenting on the latest statistics from Northwest Multiple Listing Service.

MLS figures for September show inventory reached 1.7 months of supply at the end of the month, matching the year-to-date high in February. That level is still well below the 4-to-6 months of supply that many industry analysts use as an indicator of a balanced market.

Scott said buyer intensity for new listings is higher today than a year ago. “We continue to have very strong buyer demand as the typical seasonal slowdown begins for new listings.” Other industry leaders agreed seasonal adjustments are underway.

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Sammamish, Washington

Once known as an area for resorts on the shore of Lake Sammamish, the city of Sammamish is about 30 miles east of Seattle, which is home to Amazon, Microsoft, Starbucks and Costco. The city has the highest median annual household income in the top 10 ($147,349) and is No. 6 for income in the overall analysis. Not surprisingly, Sammamish also has the highest median home value (over $600,000) in the top 10 and is No. 42 overall. That said, it also scores well in our analysis for family-friendliness, with the percentage of families with children at 49%

At just under 5,000 acres, Lake Sammamish is the sixth largest lake in Washington and is one of the major recreational lakes in the state. The lake provides activities for…

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The Only Thing Scarier Than Paying A Desk Fee is Realizing You Don’t Have To!

 

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If…

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Seeing fewer for-sale signs now that summer is over? That can be great news for buyers who are looking to score a new home and buyers who want to get rid of their place and buy a new one. If you think you missed the boat on making your move this year, we're here to tell you why buying and selling in the fall can work for you.

Less competition

Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. Families on a mission to move into a new home before school starts are out of the picture. Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale - and in some…

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Every successful home search begins with a wish list. Armed with your inventory of must-haves, you'll know how to focus your search and recognize a potential home that isn't worth your time.

Still, there's a strange thing that seems to happen when you're deep in the trenches of house hunting: The more you look, the longer that wish list seems to grow. But sooner or later, you have to own up to the fact that you can’t have everything—it's inevitable that you'll make some compromises somewhere.

And, in these days of tight inventory and cutthroat competition from other buyers, you might feel forced to waver far afield from your hallowed wish list in order to land a home.

That's OK—it’s important to be flexible. But there are a few times when you…

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A slower fall season in home buying may help more lingering home buyers to jump in. Credit the flurry of back-to-school activities and end-of summer vacations for sidetracking some sellers and buyers. Typically, the last two weeks or so of August cool a bit and the market picks up again full steam once school resumes for one last big push up until the Holiday season.

Home buyers may find attractive mortgage rates this fall. Mortgage rates are still under the 4 percent psychological threshold, which can be a luring incentive for borrowers. Freddie Mac reported last week that the 30-year fixed rate averaged 3.78 percent, holding steady at a 2017 low.

Studies have shown that fall can be the best time to buy. A study conducted by RealtyTrac in 2015…

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5 Real Estate Stats Homeowners Should Know: As homeowners, it's good to know a little bit about the market our home is located in. There are a couple of real estate stats that are good to know as they can give us a feel for the temperature of the market. 

1) Medium PriceBoth average sales price and median sales price can provide an indication of pricing trends. Median sales price provides a more reliable number because it is not influenced by outlier sales that can sell for unusually high or low prices. However, as with any other stat it's not good to look at only one metric.

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Bookshelves and cabinetry incorporated within a home’s architecture once was equated with grandeur, offering homeowners the opportunity to showcase personal treasures and knickknacks. But over time, the pieces may look dated. Here are updating ideas with pizzazz that buyers may love.     September 2017 | By Barbara Ballinger  

Built-in cabinetry, whether part of a home’s initial design or added to organize and display books, artwork, or knickknacks, has long offered a way for homeowners to introduce a distinctive look to their interior. But with the rise of digital media and minimalist decor, buyers these days may have less of a need for this once widely coveted storage feature.

In addition, pieces constructed years or…

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The true cost of buying a home can be a lot more than the agreed-upon sale price. Along with your monthly mortgage payment, you will likely find yourself shelling out for other upfront and ongoing expenses. Closing costs, homeowners association fees, property taxes, utility bills and imminent home repairs can add hundreds — if not thousands — to your expenditures.

Avoid unpleasant financial surprises by familiarizing yourself with some of the more common expenses associated with buying or building a new home. Budgeting for added monthly expenses — and setting some aside for emergencies — will help ensure your new dream home is also an affordable one.

  1. Closing costs: Add in an estimated 2% to 5% of home price.
  2. Homeowners insurance: Add…

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