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.
Talking about title insurance isn't the sexiest real estate topics out there. Title insurance doesn't have all the pizazz and blinkies of fancy advertising nor does it have the attraction of a HGTV show. Title insurance is the behind the scene work horse that keeps property buyers safe from liens, clouds, and false information that effect a property's possession and title transfer.
What does title insurance do? One word, protection.
To build on yesterday's post Buying a Home Zero Down Doesn't Mean Free here are the Do's and Don'ts for a smooth home loan approval. A common theme is 'as long as the money is in the bank who cares?'. In this day and age risk management is priority, evaluation of funds makes sure those funds are not from terrorist organizations, and people have the debt-to-income ratios that makes sense.
Buying a home is one of the most rewarding accomplishments. It builds confidence, rewards hard work, and creates a path for future wealth building. However, the trend of assuming zero down means free, or at no-cost, seems to be prolific. Also, the lack of responsibility for having zero savings and expecting everyone else involved 'to make it work' is both disrespectful and unrealistic.
Navigating the Snohomish County website is daunting task in itself with endless page links and sometimes frustrating website architecture. I find myself getting sucked into pages and soon land on an intriguing yet unrelated page. The upfront design is getting better but farther into the site traveled the more it appears like web 1.0. However, the vast amount of information on Snohomish County's website makes it a valuable resource.
The other day, while researching potential changes to building rules, I came across a page containing multiple interactive Snohomish County maps. It was nerd heaven especially for someone in my field. I regularly use 2 but the other 3 were some welcomed news.
In May's Neighborhood Spotlight we travel north to the town of Arlington and the Eagle Heights neighborhood. Arlington's 98223 is a vast zip code; however, being located on the northside of 172nd and near SR9 - 85th Ave NE is the main neighborhood entrance - Eagle Heights is one of Arlington's most southern neighborhood west of SR 9.
Snohomish County's housing statistics for April 2014 are published. If you're currently purchasing, or thinking about purchasing, selling a home, or doing both at the same time then you have first hand experienced. Lately, media outlets talk of cash is king and purchase offers are well over listing price. From a ground level, from someone who actively assists buyer and seller, I can say that statement is holding true in Snohomish County.
As recently as last weekend I wrote an offer on a modest High Clover Park home, which has since gone Pending Inspection, for asking price minus 3% seller contribution towards buyer's closing costs, and there were 5 other offers, all over list, and the selected offer being a cash deal.
National Open House Weekend kicks-off this Saturday & Sunday. What is National Open House Weekend? It's a national event orchestrated by the National Association of REALTORS® to host open houses on a national scale. Effectively, its when real estate brokers welcome people into homes that we have listed for sale. Should be fun.
But what if you're out looking and would like to know a home's value compared to asking price? How would you do that? Now you can can.
Get estimated property values in 1 minute or less from a local Snohomish County real estate company with our newly released online property valuation tool.
The date March 22, 2014 will live in the minds and hearts of Snohomish County residents for years to come. The Oso community's losses are more than tragic; they were our friends, our family, and our neighbors. For those who don't know, Oso's attraction is almost obvious - a small foothills community wealthy in tradition and the peaceful seclusion offered by the surrounding mountainous views.
Oso has seen donations of monumental proportions and that support continues to pour in yet Snohomish County is now faced with a new challenge - building.
If you’re using financing to purchase a Snohomish County home then more than likely you’ll be using NWMLS’s form 22A Financing Addendum. As part of a Purchase & Sale Agreement, 22A details 8 highly pertinent financing items for both the buyer and seller.
- Loan Application
- Seller’s Right to Terminate
- Loan Cost Provisions
- Earnest Money
- Appraisal Less Than Sale Price
- FHA/VA/RD – Appraisal Certificate
- Extension of Closing to Accommodate Requirements of Regulation Z of the Truth in Lending Act
An escrow is an arrangement in which a neutral third party (the escrow agent) assembles and processes all of the components of a real estate transaction (including legal documents), records the transaction, and ultimately, disburses and distributes funds according to the buyer's and seller's instructions. Your transaction is typically closed by an Escrow Officer or LPO (Limited Practice Officer) in Washington State.