Picking The Right Neighborhood

Picking The Right Neighborhood

You’re in the market to buy. You’ve probably given a lot of thought to the type of home you want as well as your budget and buying price range. There’s an additional topic, though, that requires your careful consideration. Which neighborhood is right for you?

Neighborhoods vary as widely as the people that live within them. Some have diligent HOA’s with strict rules of appearance and conduct, while others are more lax … sometimes to the detriment of home values.

It’s important to research the neighborhood where you’re considering purchasing a home. You want an area that fits your needs, personality, and social habits. These factors can influence your overall happiness just as much as that updated master bath or outdoor kitchen.

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Are you looking to buy? Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!

Rent vs. Buy Decision More Than A Question of Affordability

Rent vs. Buy Decision More Than A Question of Affordability

…For a growing number of those seeking shelter, the affordability component of the rent-vs.-buy comparison takes a back to seat to finding housing that accommodates their lifestyle.

“For decades, Americans have scrimped and saved in order to buy that starter house and begin accruing equity. But do the same benefits of home ownership apply in every situation?” asks Dima Deych Marketing Director at Mayo Group, a Boston, MA-based real estate investment, development and management company.

Apparently not.

Deych says there are a host of considerations beyond affordability shelter seekers should consider before they buy or rent.

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Check out our helpful video to follow the adventures of Bob and Sally as they learn about renting versus buying a home.

No Need To Rush To Buy

No Need To Rush To Buy

Interest rates are at record lows, housing is more affordable than it has been in nearly a decade and multiple offers are in the air.

Kiplinger.com recently reported the monthly cost of owning a home is far cheaper than renting, given the recent spikes in rent. At current mortgage rates, home prices would have to rise by 35 percent to tip the scales.

It appears the housing recovery is afoot, but that rush-to-buy-before-the-bargains-are-gone mentality may be misplaced.

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The Scoop on Closing Costs

The Scoop on Closing Costs

Are you a buyer preparing to close on a house? Now is a good time to refresh yourself on the most common closing costs.

There are more expenses to buying a house than just the monthly mortgage payment. More than likely you’ll need to come up with some cold, hard cash in order to finalize the deal.

Here are some common closing costs to consider.

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Learn even more about Closing Costs and Escrow here or check out our handy calculators to figure out possible mortgages and closing costs and more.

Tips to help you make a smart buy on a new house

Tips to help you make a smart buy on a new house

Buying a new house brings up different issues than buying a pre-owned home. You have access to more information on building materials and systems than a subsequent buyer. But unknowns lurk: What will the completed neighborhood look like? Will it include all the features promised in the brochure?

Bottom line: Buyers need to research a different set of questions before making an offer on a new house.

If you’re vowing “out with the old and in with the new,” here are some tips to help you make a smart buy on a new house.

Read More on The Seattle Times…

Are you looking to buy? Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!