Blog archives from 2012

4 Guidelines for Successful Negotiations
May
30

4 Guidelines for Successful Negotiations

Some people believe negotiations are bound to be contentious. But they needn't be. It's clearly possible to negotiate with a cool head and reach an agreement that pretty much satisfies both parties. Here's how:
Some people believe negotiations are bound to be contentious. But they needn't be. It's clearly possible to negotiate with a cool head and reach an agreement that pretty much satisfies both parties. Here's how:

1. Start by listening

Don't reveal what you want right away. Let the other side go first, so you know what you're dealing with. If they're hesitant, be firm. Explain that you can't give them what they want without knowing what they need. 

2. Stick to the process

Experts tell us there's a 3-step process to successful negotiations:


Read More

5 Reasons Now is the Time to Buy
May
24

5 Reasons Now is the Time to Buy

This could be the best time in a generation to buy a home. Here’s why:

*  Housing affordability is the best it has been in decades.

*  Nationwide, average home prices are approximately one-third lower today than at their peak in 2006.

*  The cost to buy is very often less than the cost to rent a comparable property. In fact, buying is cheaper than renting in 98 out of America’s 100 major markets.

*  Interest rates are at an historic low, and today’s low rates can be locked in for the next 30 years.

*  The general economy appears to be improving, with employment increasing, median wages rising, and little indication of possible inflation.

Read More

Seattle-Bellevue-Everett  Unique Housing Market
May
15

Seattle-Bellevue-Everett Unique Housing Market

For the Seattle-Bellevue-Everett metro area, prices are seen rising at a 5 percent annualized rate.
But that won't come before an additional 3.3 percent price decline through the rest of this year. The Seattle area was late to the party, with prices reaching their peak in the second-quarter of 2007 compared with a national peak in the first quarter of 2006.

"There's always a danger of being premature," Case-Shiller Indexes revealed last week. "But a number of favorable factors are going to put a floor under prices."

Among them: better employment numbers, fewer markets dominated by foreclosure sales and bank-owned properties, and affordability at record levels. Fiserv studies data from 380 markets nationwide.

"Seattle is a very unique market," Stiff said. Chris White agrees and thanks to aerospace, software, life sciences and other economic assets, it has a deep, specialized labor pool making good money. He expects Seattle to stabilize sooner.


Read More

Buying a home won’t get much cheaper
May
3

Buying a home won’t get much cheaper

The White and Weeks Team has recently reviewed their client's home purchase and sale statistics for 2012. According to Chris White, "We're seeing a slight rise in prices and multiple offers are slowly increasing. 2012 will most likely be the last chance to purchase bargain homes."

Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.

With home prices down 34% nationally since 2006 and mortgage rates at historic lows, homes have never been more affordable -- but it won't stay this way for much longer. Stuart Hoffman, chief economist for PNC Financial Services (PNC, Fortune 500), said he expects home prices to flatten out by the third quarter and start climbing by next year.

A number of factors will help bolster the housing market, he said, including a decline in the number of foreclosures and continued job growth. In addition, homebuyers will have better access to mortgages as they get their finances in order and improve their credit scores. "Foreclosures are definitely down and the move is to short sales", says Chris White.


Read More

Monday, October 31, 2016
Generational Housing Needs and Their Effect on the Market

Friday, May 13, 2016
Consumer Agency Launches Tool To Help You Find A Cheaper Mortgage

Friday, April 8, 2016
King County home prices resume their climb

Monday, March 21, 2016
Housing Market Slow to Hit Its Spring Stride

Tuesday, September 17, 2013
Keys to Help Buyers Compete in a Seller's Market

Thursday, May 23, 2013
10 Things Buyers Need to Know

Sunday, April 14, 2013
Women Consider Owning a Home to be a Vital Component of the American Dream

Tuesday, March 19, 2013
The 8 Top Home-Selling Mistakes You Should Avoid

Thursday, January 10, 2013
Fiscal Cliff Bill a Benefit for Homeowners

Sunday, December 2, 2012
Should You Help Your Adult Kids Buy Their First Home?

Monday, October 29, 2012
Economists Bullish on Housing Recovery

Sunday, October 21, 2012
What is moving housing upward?

Monday, September 10, 2012
Five Common Mortgage Myths

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?

Wednesday, May 30, 2012
4 Guidelines for Successful Negotiations

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

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