Blog archives from 2011

Does Being Green Add to the Value of Your Home?

Does Being Green Add to the Value of Your Home?

A pressing question has always been, “How does spending the extra money on energy-efficient products help the value of my home”? It is nice to lower heating bills, but how long does it take to recoup the expense of some of these products?

There is now a way to capture these improvements and assign them a value in an appraisal. Real estate appraisers finally have a new form that helps standardize the way that energy efficient features are included in their reports. Until now, Fannie Mae, Freddie Mac and the Federal Housing Administration used a form that centered on maintaining sound lending practices but did not have a way to capture what energy-efficiency improvements contributed to the value of a home. Including a narrative of any green features in a description box was not always viewed by the lending institution.

NWMLS data of new homes sold from Sept 2007 through February 2010 comparing homes that sold with an environmental certification and those without a certification. According to the collected data, environmentally certified homes in Seattle sold for 9.2 percent more per square foot in 24 percent less time and make up 34 percent of the market.

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Homes with High Walk-ability Worth More

Homes with High Walk-ability Worth More

Homes located within walking distance of amenities such as schools, parks and shopping aren’t only more convenient for their owners, often they’re also worth more than homes in neighborhoods where driving is the rule, according to a study released last month. The report, “Walking the Walk: How Walkability Raises Housing Values in U.S. Cities,” was commissioned by CEOs for Cities, a national network of urban leaders from the civic, business, academic and philanthropic sectors.
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Puget Sound will have Japan-like density by 2040

Puget Sound will have Japan-like density by 2040

Seattle is the center of one of 10 "megapolitan clusters" that will drive the U.S. economy over the next 30 years, according to a new book.

This growth will drive the Puget Sound area's density from less than that of Germany to about what Japan has now, according to "Megapolitan America: A New Vision for Understanding America's Metropolitan Geography,"

The 10 clusters consist of 23 "megapolitan areas" that have common economic, physical, social and cultural traits, according to the book, which the American Planning Association just published. "The sooner the United States recognizes it has evolved into a nation of 20-some very densely settled economic engines, the better able it will be to sustain long-term economic development to mid-century and beyond.

"Megapolitan areas have accounted for 70 percent of the growth in the contiguous 48 states since 1970 and will continue to gain people in coming decades, the book says. "The U.S. is the only developed country that is on track to add substantial population" and is "the fastest-growing industrialized nation in the world."

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Monday, December 25, 2023
Generational Housing Needs and Their Effect on the Market

Wednesday, November 8, 2023
Keys to Help Buyers Compete in a Seller's Market

Sunday, October 22, 2023
10 Things Buyers Need to Know

Sunday, September 10, 2023
Five Common Mortgage Myths

Sunday, September 10, 2023
Women Consider Owning a Home to be a Vital Component of the American Dream

Saturday, August 26, 2023
The 8 Top Home-Selling Mistakes You Should Avoid

Monday, July 10, 2023
Fiscal Cliff Bill a Benefit for Homeowners

Wednesday, June 7, 2023
King County home prices resume their climb

Wednesday, May 31, 2023
Should You Help Your Adult Kids Buy Their First Home?

Tuesday, May 30, 2023
4 Guidelines for Successful Negotiations

Tuesday, April 14, 2020
Economists Bullish on Housing Recovery

Sunday, March 1, 2020
What is moving housing upward?

Thursday, August 2, 2012
It's a great time to be a seller

Saturday, June 23, 2012
Are appraisers falling behind on home value increases?

Wednesday, June 6, 2012
Is Now the Time to Invest in Rentals?

Thursday, May 24, 2012
5 Reasons Now is the Time to Buy

Tuesday, May 15, 2012
Seattle-Bellevue-Everett Unique Housing Market

Thursday, May 3, 2012
Buying a home won’t get much cheaper

Tuesday, April 24, 2012
New Rules to Speed-up Short Sales

Thursday, April 5, 2012
Home Prices to Rise in 2013

Thursday, March 22, 2012
Buying Cheaper than Renting in 98 of Top 100 Major U.S. Markets

Sunday, March 11, 2012
Five Tax Breaks for Homeowners

Thursday, March 8, 2012
How the FHA Loan Plan Can Help You Refinance

Thursday, February 16, 2012
Housing Crisis to End in 2012 as Banks Loosen Credit Standards

Tuesday, January 31, 2012
When Freddie Mac Wins, Homeowners Lose

Estella said
"That is a beautiful shot with very good lighting ." about Women Consider Owning a Home to be a Vital Component of the American Dream
on Sunday, May 12, 2013 @ 9:57 AM

Chris White - Team Leader said
"Unfortunately you are not alone. It's more than an outcry. The powers that be really need to come down harder on Bofa than they already are. Working on these short sale for over 2 years now I've uncovered down right fraud happening on the lenders parts. If they cared more about moving this country forward than protecting their own wallets then they would cut the red tape and approve these short sales in a timely manner. Our team made the wise decision to get BofA loans which were FHA or Freddie Mac backed, approved prior to listing on the market. Then we can list the home as "Price Approved" and close in 30 days. In this instance BofA does a full appraisal, rather than an incompetent "Broker Price Opinion" (nothing against agents but they have no idea how to make adjustments on comparable homes) and then the bank issues an "Approval To Participate" letter which dictates what price we can go on the market and take anything north of 88%. I really do hope your situation improves. " about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:15 AM

Lisa Zeiner said
"We made an offer 4 months ago to BofA, and have heard nothing. It was a cash offer which is better than the zero money they are collecting now. And since the people don't care they are trashing the place, by the time BofA gets around to it our offer will be gone as the place is a mess!! Septic issues now, garbage being dumnped. All of this could have been avoided if BofA really wanted to correct their cash flow problem and sell these properties in a timely manner. They cry about cash but then do nothing intelligent to fix the problem" about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:06 AM

Jones Ramirez said
"Thank you for the work you have done into this post, it helps clear up a few questions I had." about How do appraiser’s determine a homes value?
on Tuesday, April 19, 2011 @ 10:07 PM

HollyRobsonf said
"Hey - I am certainly happy to find this. great job!" about Bank of America to Offer Principal Reduction to Underwater Borrowers
on Wednesday, April 13, 2011 @ 6:45 PM