Snohomish County Real Estate Blog, News, & Statistics
The Snohomish County real estate blog address news and statistics which are pertinent to the real estate buyer, seller, and investor. Our goal is too provide educational information so people can make the best housing decision for them and their lifestyle. Please feel free to ask questions, participate in discussions, and share your experiences.
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Credit score is an integral part of qualifying for a home loan and typically the most critical. So, here are 10 simple ways to improve your credit over the next 6 months.
But before getting into the the 10 ways, let's look at factors that impact a credit score. According to the Experian app.:
- Payment History: 35% of your FICO score is based on payment history.
- Types of Credit Used: 10% of your FICO Score is based on the different types of credit you have.
- Pursuit of New Credit: 10% of your FICO Score is based on recent inquiries and recently opened accounts.
- Length of Credit: 15% of your FICO Score is based on how long you've had your credit.
- Outstanding Debt: 30% of your FICO Score is based on your outstanding debt.
Over the years, I've spoken with many folks who think their credit is in such dire shape that there is little hope of fixing it. Since they think there's no hope, they usually do nothing and the credit problem persists. However, it is very important to know that there is hope, credit can be fixed, and it won't take the rest of your life to do.
These recommendations are not something dreamed up, these are strategies to improve your credit score.
A road maintenance agreement is usually a good thing to have in place if you share a common access with one or more properties. Sometimes the only access to some properties is on a private easement road from a public right of way; this means that the responsibility of the road maintenance falls on the people who have the right to use the road.
5 bedrooms homes are challenging to come by and we've just listed a move-in ready Eagle Heights home this week. The below videos are a drone video paired with still images and a 360 video that takes you from room-to-room. Remember to pan the screen or rotate to see the entire view.
Property Page: http://www.barnettassociates.net/property/1158795/
More about Eagle Heights
Eagle Heights is a DB Johnson & Cornerstone Homes neighborhood built in 2004 (Phase I) and 2012 (Phase II) located on the northside of 172nd and near SR 9. The neighborhood is well kept, maintained, and pleasing to drive into and live in due to spacious sidewalks and multiple parks and picnic areas.
On June 17th & 18th, the Museum of Flight invited us to their 2017 Drone-stravaganza to share knowledge and our business's use of drones within the real estate industry. It was a great honor to be invited by a respected local organization, meet and talk with all the wonderful folks who stopped by our table to ask questions, check out the Phantom and GoPro, watch our videos and to the enter the GoPro Giveaway.
If there are still remaining questions, please feel free to email Toby.
Here are our pictures taken from the event which turned out not to be many.
The other day while talking with the team, we were discussing the continued low inventory levels and got focused on foreclosures. With lots of laughs, remembrance of heart ache and pain, and high inventory levels, its amazing how drastic the real estate climate, access to inventory, and negotiating leverage can swing.
In a follow up to the 2017 Foreclosure Guide, lets take a snapshot look at the first half of 2017.
Foreclosure Inventory by Month
In May 2017, there is less than one month of active foreclosures with a sharp decline starting in November 2016. Once what was a lucrative market for buyers and investors, is no longer.
The tour starts in the front yard and travels inward at 15s intervals so you'll have time to pan, tilt, or mouse the camera to see the entire home.
Official Property Listing: http://www.barnettassociates.net/property/1097198/
We've recently listed a condo in downtown Snohomish and filmed it with a 360° video camera. When watching on a mobile device, a user can move their device to control the camera angle or mouse the screen with a finger to change the camera angle as well. On a desktop, just click and hold to mouse the camera angle in any direction to see more.
For this video, unlike previous 360° videos, the camera was tripod mounted and each room filmed individually in 30 second clips. This will allow users to watch more of the home, in a give time-frame, versus having excessive camera panning and having to compensate for that pan.
Let us what you think of the new format and we're looking forward to adding titles and more details in this format as well improve lighting and color. Enjoy!
Official Listing: http://www.barnettassociates.net/property/1087460/
Are you wanting to learn more about Snohomish County's new construction home market with vacant lot and new home sales? Then take some time to read the Snohomish County's 2016 Home Builder Report for loads of information on last years figures and a few projections.
In the 2016 Home Builder Report we'll cover:
- Average Lot S.Qt / Median Home Price
- Lots Sold by Area
- Lot Sellers & Buyers
- Top Builders
- New Home Sales by Area
- New Home Sales by Price
Lots by Avg. Sq.ft / Median Sales Price
Not surprising, lot prices tend to be more expensive in south county with Bothell having the most expensive lots per average square foot - $227,833 for 6,600 sq.ft - followed by Mill Creek and then Everett.
In north county, Stanwood and Arlington's average lot size is a respectable 1 acre with a price ranging from $132,780 - $175,000. The then decrease substantially when heading to east county.
When purchasing a home, there can be variety of choices based on location, lifestyle, budget, tastes, architecture, and employment just to name a few. The decision can seem monumental and overwhelming to some with "is it the right decision" looming in the background. This article will focus on condominiums and single family homes and which is better, or the right choice.
Snohomish County has long been considered a bedroom community of Seattle and its suburbs with single family homes being the most prominent. Only recently it seems that Bothell, Lynnwood, and Everett have increased expansion of condo communities since their downtowns have become more desirable with shopping and entertainment within walking distance. Where as single family homes, in those areas, are experiencing skyrocketing prices.
Foreclosures were all the buzz in the post 2007 real estate crash. Opportunities were prime pickings with high inventory levels, cheap prices, and with buyers having the negotiating leverage.
In the 2017 Foreclosure Search Guide, we'll venture into what are foreclosures, how properties become a foreclosure, who are the main foreclosure sellers, what the inventory levels are, and how to search for foreclosures in your area.