Monday, February 17, 2020 / by Dixie Simon
Good Morning Spokane,
Can you believe this weather? My rose bushes are so confused. I am worried that when we get more winter, they may get damaged. I have a young Dogwood tree as well that is already thinking SPRING. Yikes. My Grandbaby (4) asked me yesterday “Do you remember your boat?” She is ready to fish, and I think she and I are on the same page-fair weather fishermen. I
have a hard time believing we are out of the woods for winter just yet.
Having said all this, it has been a nice winter for showing homes. Sellers have been scarce somewhat in coming to the table. I believe we have been programmed to think that as a seller, “I should wait until spring”. This is a misconception in our market today. Because everyone is trained to think this way, what happens is every Seller comes to the table at the same time in Spring bringing more competition to (not for) your home. When there are fewer homes out there to choose fr ...
Saturday, February 8, 2020 / by Ariadne Gold
In Spokane’s current real estate market, multiple offer situations have become more and more common. Many buyers are worried about how this will affect the home they’re able to buy, or have even decided not to buy a home until the market “calms down”. This doesn’t have to be you! Multiple offer situations don’t have to spell doom if you’re well informed about negotiation tactics, and realistic about the state of the market and value of the home.
So what are some negotiation tactics that you can use if you’re in a multiple offer situation?
This is probably the most obvious one, but it encompasses a few different aspects. First is the overall purchase price. Next are closing costs; these are the additional costs to close the loan, such as the title insurance and escrow fees. Many buyers don’t have the funds to pay both the down paym ...
Monday, January 20, 2020 / by Dixie Simon
What is the difference and why does it matter to the Seller?
Why is this such a BIG DEAL?
Much Time can be wasted and great heartache can insue if you do not have your financial affairs in order. If you fall in love with your dream house and are not pre-approved, in most cases within the Spokane market and surrounding areas, your offer will go straight to the bottom of the pile. Without proof that you are eligible for a loan or if you are wanting to pay cash but are not willing to provide evidence of accessible funds--Talk is cheap!
So what is the difference between prequalification and pre-approval?
There are similarities but they are NOT the same. So, what does it mean to get pre-approved vs. getting pre-qualified for a mortgage, and what’s the difference between the two?
Things that are similar:
Mortgage pre-approval and mortgage pre-qualification have the same benefits for anyone considering purchasing a home with a mortgage:
Both help estimate the ...
Thursday, January 16, 2020 / by Ariadne Gold
If you’re buying a home, you’ve probably had multiple people (including your agent) tell you to get a home inspection. But why is that important? You might think, “the furnace and water heater are new, the roof is only 5 years old; do I really need an inspection?” The short answer is yes, you do. Here’s why!
A home inspector isn’t going to only look at the big things, like the furnace and the roof. They will look for anything and everything that should be fixed! They will also look at things like how much insulation is in the attic, and whether it needs more. They will look at the foundation, and if it seems like it may have some problems, they will suggest that a foundation expert check it. They check all the outlets to make sure that they work, and that the bathroom and kitchen outlets are GFCI. They will look at the condition of the siding on the home, along with the windows.
I’ll give ...
Thursday, January 16, 2020 / by Kylene Emery
If you’ve only ever rented before, the necessity of a home warranty may be unknown to you. As a renter, you are used to a landlord who will fix any issues you run into - but that all changes when you become a homeowner. Now, when a water heater breaks or the fridge starts to leak on the new floors in the kitchen, there is no landlord to call. So what do you do now? You may have a friend or family member who can handle the smaller fixes, but when it comes to the big issues that will end up emptying your pockets, a home warranty can save the day.
A home warranty is similar to insurance, as it covers some or all of the costs of replacements or repairs when a system in your home malfunctions or stops working altogether. They range in annual costs of $300-$600 and remove the middle man in the fixing process. Instead of finding someone to fix an issue, you will directly contact your warranty provider and they will set up the repair or replacement with the appropriate vendors. Your pre ...