Tri City Home Team December Issue of Housing Trends eNewsletter for Richland Pasco & Kennewick
Please see the December issue of our newsletter for current market information here in the Tri City, WA area.
Why I Won’t Work a Transaction on a Foreclosured Home in the Tri Cities Washington
I’ve been asked a few times by buyer clients to look for Tri Cities Washington foreclosure homes for them to purchase. Each time I tell them the same thing; I won’t be involved in the purchase of a foreclosed home. Some agents say they won’t do it because it’s such a long, drawn-out process and [...]
Why Tri Cities WA FSBOs Fail – The Real Story
Sure (you’re thinking), real estate agents are ALWAYS going to tell me they are better than selling “By Owner.” True. Agents are both “agents” and “salespersons.” As agents they represent you and provide advice and guidance. As salespeople, they don’t earn an income if you sell by owner. So…they will always tell you that selling [...]
How Foreclosure Properties Affect your Tri-Cities Home’s Value
One of the real estate industry’s clearest blog site is the KCM Blog. I read or watch daily blogs and news on the real estate industry first thing each morning for at least an hour, usually while eating breakfast. Not all news relates directly to the Tri Cities homes market, but it helps understand trends. [...]
Is there a Cost of Waiting to Buy a Tri Cities Washington Home?
Many people thinking of buying a home in the Tri Cities right now are telling me “I think I’m going to wait until spring when more houses come onto the market”. There are two challenges they are going to face by taking that stand. The first is that we’ve seen an unusually strong first quarter [...]
“Secret” Ways to Lower your Tri Cities WA Homes Payment
Tri City WA home owners can trim their monthly mortgage payments by “recasting” or “re-amortizing” their loan, without having to refinance and face hefty closing cost fees, experts say. When recasting, the borrower pays off a lump sum of the loan’s principal and then resets monthly payments at the loan’s original interest rate and terms. [...]
How Accurate is the Zillow “Zestimate” for Homes in Tri Cities Washington?
If you live in Benton County Washington, did you know Zillow’s “Zestimate” accuracy is rated the lowest possible by Zillow themselves? You’re thinking of selling your home, so you do your due diligence and go to the internet to see what your home’s value is. You go to the Zillow website because Mike at the [...]
Tri City Home Team Releases New Real Estate Book for their Tri Cities WA Clients
For quite a while, I’ve been asked by people who know I’m in real estate to explain certain terms related to the industry. I finally decided to put a reference book together explaining all the terms I could think of that people have either asked about, or that I thought might come up during a [...]
House Passes New “Tax” to Increase FHA Mortgage Insurance
Last Friday, July 30th, the House passed legislation to give the Federal Housing Administration flexibility to raise mortgage insurance premiums (PMI) on the loans it guarantees. This bill (H.R. 5981) gives FHA the authority to increase mortgage insurance premiums from the current level set at 0.55% up to 1.55%. Sponsored by House Financial Services Chairman [...]
Tri Cities WA Homeowners Equity can be Tapped by Wall Street
Wall Street has come up with yet another way of getting into Tri Cities WA (and everyone else) homeowner pockets. Freehold Capital Partners advocates for the Wall Street Home Resale fees system. They describe it as a “real estate financing solution designed to more efficiently structure the economics of real estate projects.” How do they [...]
