Saturday, January 10, 2009

Current loan rates

Here is the low-down on home loan rate activity for this past week, courtesy of Troy Chambers, loan officer for Arboretum Mortgage.

"Rates are slightly better than last week. We are STILL below 5%! Now is the perfect time to look into a new purchase or refinance!

Please let me know if you need anything, as I will be available at all times, on my cell phone at

Click here to see a table of current rates.

Wednesday, January 7, 2009

A look back at Real Estate in 2008

Inevitably, at the end of every year, the pundits feel compelled to offer a recap of significant events, and I am no exception. But how to characterize this past year in real estate? Crazy? Challenging? Disastrous? Surprising? Unpredictable? Each of those words seems to apply somewhat.

It’s easy enough to focus on all the negative aspects such as tightening credit, increased foreclosures, failing financial institutions, and decreasing home prices ~ pretty scary stuff. But as President Franklin Roosevelt pointed out so many years ago, in far worse circumstances, “All we have to fear is fear itself.”

I am struck by the fact that virtually no one saw this year of upheaval coming. You will notice that none of the “experts” who made predictions 12 months ago, are stepping up to say “I told you so.” Keep that in mind when you hear predictions for the coming year. The truth is that no one can forecast the future of the real estate market with any degree of accuracy. There are simply too many variables in play.

So why not concentrate on the positives? Housing prices DID go down. Home inventory DID go up. Many buyers ARE able to re-enter the market. Interest rates ARE at historically low levels. Opportunities to own your own home ARE genuine.

Once we get beyond the fear of uncertainty, there is reason for a great deal of hope and optimism. I stand by my ascertain that the best time to buy real estate is whenever it’s the best time for you. If you are fortunate enough to have good credit, a stable job and cash for a downpayment, then now may be an excellent time to buy. Give me a call if you’d like help in assessing your options. 206-708-9800

Monday, January 5, 2009

Free Homebuyer Education Seminar

If you are in the early stages of searching for a homee, you may want to attend my free homebuyer education seminar, sponsored by Washington State Housing Finance Commission. This five-hour class is co-presented by Senior Loan Officer, David Todd. The next two sessions are scheduled for Saturdays, Jan. 17 & Feb. 21 from 10:30-4:30. Lunch is provided.

The class provides information about: how to develop a budget and address credit issues; how to qualify for and obtain downpayment assistance and State loan programs; how to find the right home, lender and agent for you; how to purchase, maintain and keep a home.

For more detailed information, scroll down to the bottom of this page. To register, give me a call at 206-708-9800 or click here.

Sunday, January 4, 2009

Free Ice Cream at Today's Open House!

EVERYONE WHO VISITS ME AT MY OPEN HOUSE WILL RECEIVE A "THANK YOU" GIFT consisting of a variety of valuable coupons and special offers related to home ownership. There's even a coupon for a free ice cream cone from the Husky Deli! Other coupons include $50 off carpet cleaning services by Preferred Carpet Care; a free color consultation (valued at $250) and 10% off interior and exterior painting services by Aurea Painters; $50 off a home inspection by Home Inspections of Puget Sound; and many more! The total value of all the coupons combined is over $1000! These are coupons and offers that I have negotiated with local vendors and are AVAILABLE ONLY TO MY CLIENTS. I will be offering these gift packs at all my Open Houses for the foreseeable future, but I reserve the right to discontinue without notice, so don't delay!

Today from 1-4PM, I will be holding open a mid-century view home in the Lincoln Park area. The address for this 3 bedroom, 1.75 bath home is 6733 48th Av SW and is listed by my Prudential colleagues George Butterfield and Chris Koelling for $600,000.
This 1840 sq. ft. home is solidly built, but is in need of updates. If you want a view home awaiting your personal stamp, this may be the place for you. Come by and take a look.