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Uncategorized The Impact of Rising Prices on Home Appraisals   The fact that residential home prices are increasing substantially in most regions of the country is thrilling to homeowners, and many of them are taking this opportunity to put their houses on the market. Active buyers are creating real demand in a variety of markets, and lots of homes are moving quickly. However, if […]
Uncategorized The Sellers Dilemma: OTM, FSBO, or List Again? This time of year, in every region of the country, hundreds and even thousands of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), list it For Sale by Owner (FSBO), list it […]
Uncategorized How Will Mortgage Rate Hikes Impact Home Sales? Between Friday of last week and Monday morning, interest rates rose a quarter of a point. Will they stay higher? I don't know. But when mortgage interest rates begin to climb, experts immediately begin to discuss home affordability indexes. They calculate how an increase in rates will slow home purchases as more and more potential buyers are […]
Uncategorized 217,726 Reasons to Buy a Home Now The inaugural Opportunity Cost Report was released recently by realtor.com. The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today's market have become very steep”. The report estimates that, based on today's dollars, the average purchaser would accumulate $217,726 […]
Uncategorized The #1 Reason to Buy Right Now – THE MONEY! I have buyers debating whether they should buy a home now or wait. I'll share with you what I've shared with them – recently released data suggests that waiting may not make sense as prices seem to again be on the rise, and in some areas they are rising quickly. The Seattle area is the fourth […]
Uncategorized June is National Homeownership Month! Did you know that June is National Homeownership Month? It is. And today is the first of 30 days dedicated to making the dream of owning your own home a reality! National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June […]
Uncategorized Housing Demand Up, Supply Down, Prices Increasing Last week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market: Buyer Demand Supply of Housing Inventory Single Family Residential Prices With information supplied by other real estate professionals as well as the graph above, I want to break down the highlights of […]
Uncategorized Homeowners: We Need to Sell Your House Twice Every house on the market has to be sold twice; once to a prospective buyer and then to your lender (through their appraisal). A low appraisal can at the very least complicate and at worst kill a sale in the  making. In housing markets where supply is very low and demand is very high, home […]
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Uncategorized Four Reasons to Move Up This Spring! Tomorrow is Cinco de Mayo, May 5th. Where has time gone?! Spring is in full force, the sun is shining, and the summer months are right around the corner. If you are debating moving up to your dream home, here are four great reasons to consider buying today instead of waiting. 1.) Buyer Demand is High […]
Uncategorized The Privilege of Leadership I have a tendency to save articles, handouts, and other pieces of paper that contain information I find interesting. When I don’t have an immediate use for them or need more time to read them, I have a “place” (translate “pile”) where I stack them for reference. This weekend I devoted some time to going […]
Uncategorized Does Home Ownership Make Sense Financially? Most of us share a belief that there are some social advantages to home ownership. However, some people question the financial benefits of owning a home. When questioning the assumptions, we can take advantage of three recent studies to shed some light on the issue. RealtyTrac recently released a report comparing home price appreciation to wage growth over […]
Uncategorized 3 Questions to Ask Yourself Before Buying a Home If you are debating purchasing a home right now, you may be getting a lot of advice. Though your friends and family will no doubt have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Before you make that decision, let’s look at […]
Uncategorized Home Ownership and Family Wealth I believe that as most of us grow and up and grow our families, we have a vision of leaving a legacy of some kind for future generations. That legacy often includes plans for providing some kind of monetary security in addition to other positive contributions we might make. That vision isn't always easy to map […]
Uncategorized “Crossing the Freedom Threshold” I ran across that phrase recently – "Crossing the Freedom Threshold" – and it intrigued me enough to pursue it further. What I discovered is that it describes a time in life where the place that we live is no longer dictated by responsibility but is based solely on choice. What a great phrase to […]
Uncategorized Freddie Mac’s New 3% Down Program Today, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. What is the Impact? In a recent copy of the publication "Executive […]
Uncategorized Safety & Technology Real estate professionals are engaged in an interesting profession. We interact all the time with individuals unfamiliar to us. We go out, most often alone, to show homes and properties to people we may have never met (not wise, I know, but true). And the majority of the time we are safe. But on occasion […]
Uncategorized A Business Just Like Any Other? I’m not much of one for ripping articles out of magazines, but a few months ago I tore an editorial out of an industry publication because there were sentiments in it that resonated with me. I kept the article, and today I am sharing a few of the author’s insights – as well as my […]
Uncategorized Mistakes I’ve made… I’ve blogged a bit recently about the Seahawks, about wins and losses, and about my hopes for the new year. All of this comes with some contemplation about mistakes I’ve made in the past, both in business and in my personal life. So as I look back over the recent months and years, and before […]
Uncategorized New home construction here, there and everywhere! Tonight I was reading some notes from John Burns (John Burns Real Estate Consulting) and contemplating how his thoughts apply to our market here in the Poulsbo area. We currently have several hundred new housing starts either under construction or planned for construction in the very near future. I have been wondering about the builders and […]
Uncategorized Reflecting on the Seahawks Super Bowl loss… Two weeks ago I wrote a post concerning the Seahawks NFC Championship win and how much I love our team in general. Last night I watched the Super Bowl game with as much anticipation and excitement as any Seahawks fan. I was decked out in my team apparel, and I was excited to be a […]