Early Bird Open House Today!

Today from 9AM-3PM (Yes, 6 hours!), I will be holding open a bright and spacious 3 bedroom/1 bathroom in the Puget Ridge neighborhood, at 5632 18th Ave SW. If you're not familiar with Puget Ridge, it has a rural feel to it, together with the convenience of being very near South Seattle Community College and freeway entrances. This is a great starter home or investment property. Recent work on the house includes a new 20-yr. roof, fresh paint and new flooring throughout the home. In addition to a living room, there is a "bonus room" off the kitchen which has a separate outside entrance. It could be used as a home office, a dining room, a fourth bedroom, or ??? Listed at just $250,000. This is NOT a short sale -- just a great price!

I will be giving gift bags filled with valuable coupons (including Husky Deli ice cream) to all comers, so don't miss out!

If you can't make it to the Open House, feel free to give me a call for a private tour. 206-708-9800.

Current loan rates

Here is the weekly report on interest rate activity, courtesy of Troy Chambers, loan officer for Arboretum Mortgage.

Rates Are Low …
Another solid week in the mortgage market. Rates are low, and people are happy. Refinances
are going crazy and I am starting to see the sales market pick up again as well. If you know of
anyone who has questions or mortgage needs, feel free to send them my way. I will be sure to
take great care of them!
Please contact my cell at 425-418-5103.


Troy Chambers
Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
troy@arboretummortgage.com

Table of rates

Yes, it is a buyer's market, however . . .

It wasn't all that long ago that agents were having difficulty convincing the public that the Seattle real estate market was transitioning from a seller's market to a buyer's market. At the time, it was difficult to convince buyer's that it was sometimes appropriate to submit a lower-than-list-price offer. e.g. when a home was over-priced.

Now that everyone is firmly convinced that we are in a buyer's market, it's even more difficult to help buyers understand that it is not always appropriate to offer LESS than the listing price. Don't assume that every house on the market is over-priced and can be had for less. Some homes are actually priced appropriately from "day one". Your agent should help you determine the fair market value of a home you are considering by providing you with a list of comparable properties.

Why is this important information? Because when you find the home you like and it is fairly priced, you risk losing it by submitting an unreasonable or low-ball offer. Of course, you want to ensure that you get the best price you can, but you also want to get the house you've chosen. Make sure your agent does his/her job in helping you assess the fair market value of the property you've chosen and then submit an offer that will make it yours.

Need to know more? Give me a call for a no-hassle, no-obligation consultation. 206-708-9800.

Spotless Kent Rambler

At just $219,700, this beautifully maintained one-owner home is priced to sell! 3 bedrooms, 1.5 baths, two garages (one attached and one detached, with shop space), large lot with fenced back yard and garden space. MLS#29040032. Want more information? Give me a call 206-708-9800.

Today's Open House

New on the market this week, this remodeled 1929 Tudor has it all: 4 bedrooms, 2.75 baths, 2 garages, a 5,875 sq. ft. lot that backs up to Schmitz Park, Master Suite, Guest Suite, hot tub, 3 view decks, gourmet kitchen ... the list just goes on and on. If you are looking for a phenomenal view of Alki Beach, Puget Sound and the Olympics, this house has that and sooooo much more!
Once you step into this perfect-for-entertaining home at 5702 SW Admiral Way, you will forget you are anywhere near Admiral Way. Come see for yourself. 1-4PM both Saturday and Sunday. Or give me a call to set up a private tour. 206-708-9800.