Current loan rates

Here is your weekly summary of loan rate activity, courtesy of Troy Chambers, loan officer for Arboretum Mortgage.

"Rates are down, and things are looking up. Many lenders are offering 5 year ARMs in the low 4s and even the high 3s! That is amazing. Fixed rate mortgages are inching back down to the 4s as well. Please let me know if anyone you know is looking for a refinance or new home purchase financing. Please feel free to contact my cell phone at any time at 425-418-5103."

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

Click here to see a table of rates.

Gatewood Open House, Sat. & Sun.

A true mid-century classic! This weekend I'll be holding open a 4 bdrm/2.25 bath home at 3510 Rose Ave SW. If you're looking for a spacious, modern/retro home in a great neighborhood, this may be the place for you. Listed at $499,000 by my Prudential colleagues, the Johnson Team. I'll be there from 1-4 both Saturday and Sunday, giving away coupons for Husky Deli ice cream cones, so come on by.

First-Time Seller?

Much attention is paid to first-time buyers these days, but what about first-time sellers? If you’ve never sold a home before, and you’ve decided that now is the time, you may wonder how to begin? Here is the course of action I suggest.

Step 1: Determine your motivation. Do you NEED to sell now? Do you WANT to sell now? How soon is “now”, i.e. 2 months, 6 months, a year?

Step 2: Determine the value of your home. Contact your favorite Realtor® (preferably me) and make an appointment for her to tour your home. This will give her the information she needs to research other comparable homes and prepare a Comprehensive Market Analysis (aka CMA). This is the basis for recommending the appropriate listing price for your home. You may want to ask two or three agents to provide a CMA for you, which will give you an opportunity to find the best agent for your needs. (Again, preferably me.)

Step 3: Choose your Realtor®. Call the agent who impressed you most and who presented the best plan for marketing your home, and give her the good news that you are ready to list your home for sale with her. Note: not all agents are Realtors®. Realtors® are members of the National Association of Realtors® and voluntarily subscribe to a stringent code of ethics.

Step 4: Prepare your home for sale. Together with your agent, decide what work needs to be done to present your home in the best possible light and achieve the highest possible sales price. Painting? Landscaping? Staging?
Step 5: List your home for sale. From here, your agent will guide you through the remaining steps to accomplish the successful sale of your home.

Need more information or know someone else who could use my help? Please give me a call today. 206-708-9800

Fauntlee Hills Open House today

Today (Sunday), from 1-4, I will be holding open a classic brick rambler with daylight basement at 9114 40th Ave SW (corner of 40th & Barton). This 3 bedroom, 1.75 bath, mid-century home is an estate property which has been well maintained over the years. Keep the 50's feel or remodel this solid home to your own taste. Listed by my Prudential colleagues, the Johnson Team, for $515K. Come take a look and pick up your coupon for a free ice cream cone from West Seattle's own Husky Deli. Yum!