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Juanita, WA Real Estate News

The real estate news of the last few weeks has been puzzling.  I study the trends everyday and see the Puget Sound market stabilizing and prices returning to 2005-2006 levels.  If you sell and buy today you'll feel bad about the price you got for your old home but you be overjoyed by the price you paid for the new one.  If you are a first time buyer there are many incentives to get you into your first home.  Banks are lending again and all you need is a good job, a down payment (sometimes as small as 3%) and a decent credit rating.  For everyone, interest rates have never been better.  Mark Twain said "Humor is tragedy plus time."   Two or more years from now, the people who bought today will look back at this tragedy and laugh about the prices they paid.
Comments 4
By Roz Burton-Torres
(WA Real Estate Solutions)
Many agents don't understand financing. I've talked and asked many agents if that have asked their clients if they would do a seller carry back (when the seller lends part of the proceeds/equity they would normally get at closing, to the new buyer) Thus helping the buyer get into the house and the seller gets most of his proceeds/equity now instead of lowering the price and waiting longer for the property to sell. Any agents who asks the question 'What do you plan on doing with the proceeds when the property sells?' can offer more solutions to their clients. Some people may think this is a personal question but I just position it as, 'If you are flexible with your equity then we have more options to sell your house'I am always a BUYER. Anyone who has a client that can be flexible with t...
Comments 2
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