With the huge number of homeowners facing foreclosure, it is true that your lender does not want your home. In fact, mortgage lenders are also victims in this crisis (believe it or not) as well. Your problem has become their problem!

With 8 homes in every 1000 currently in foreclosure (and many, many more on their way), banks are in no hurry to take your home. They will run themselves out of business if they were to take back the homes of all their high risk mortgages. Most lenders are willing and eager to find a way to keep you in your home. The key is to act sooner rather than later so you have as many options available to you as possible. Don’t let fear keep you from contacting your lender to see if there is a workout plan available to you.

The current downturn in the South King County real estate market (that makes news headlines) is not all bad news. The historic fall in South King County home prices, coupled with rock-bottom interest rates on mortgages, could mean the deal of a lifetime for home buyers.

With home prices falling as much as 30% (or more) in some parts of the country the past year, many home buyers are learning they can afford homes in areas they once believed were out of reach.

ATTENTION SOUTH KING COUNTY HOME BUYERS!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 65 Bremerton homes – Looks like once the homes were at the right price the offers were very close to asking price.

Bremerton March Homes Sold 2012

Here is a great chart to compare the sold properties by Month over the last year.  Gives us a good look at the year that was 2011.  The summer selling market did take place along with a couple of months that had usual spikes.   I do believe that if you are a seller and would like to sell you must list early in the year to garner the best possible price.  Here we go – 3 straight months of home selling increase.

Here you see there is a start to a strong spring market.

Inventory though down is trying to keep up with demand.

 Not a bad time to purchase a home in Bremerton, Washington. Prices are down, interest rates are at an all time low you might want to look at what it means to you.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me here at Homefront Realty via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

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“Statistics not compiled or published by NWMLS.” ”Equal Opportunity Housing All information deemed reliable, but not guaranteed”

Before you dive into a major renovation project to give a house your special signature, consider how long you’re likely to stay in the house.

A lot of people get into trouble by going into a home they’re only going to be in for a relatively short period of time, and they start doing renovations and additions that are sort of on their fantasy list, but they’re not going to be there long enough to really enjoy.

Here are four reasons to proceed with caution, particularly if you want to maximize your chances of a profitable resale later on.

1. High maintenance – If your upgrade requires too much upkeep, buyers may view it as more of a nuisance than an asset. A prime example is an in-ground swimming pool, which can cost a small fortune to install, secure, heat and clean.

2. Overdressed – Luxurious amenities can be a good selling point, but only if they blend in with rather than outshine what the neighbors have. Having the nicest home in the neighborhood can be a bad thing when it’s time to sell. A prime example would be upgrading the kitchen in an entry leval home to reflect remodeling from high-end home magazines.

Too many people will find the most obscure, no-name insurance companies in order to get the cheapest deal and find out later that the company doesn’t pay on insurance claims!

Bottom Line: It’s a great idea to apply for online quotes from different companies, but before you move forward make sure you look up consumer opinions to make sure the company is legit!

Don’t worry if you find a company with a couple of bad reviews/complaints… any insurance company that’s been around for a while will have a number of complaints. (They just won’t be nearly as many as the truly “bad” ones!)

Tips To Help You Get The Best Possible Rate

Pay attention to the following when you’re applying for quotes:

•  Try to put enough money aside so you can get a higher deductible. This will decrease your yearly premium tremendously!

Home staging, a method of presenting an Auburn home in its best light in order to appeal to the broadest audience base, has gained recognition through several popular cable television programs such as “Designed to Sell” and “Sell This House.” It can range from simply repainting walls to tearing them down, or from changing window treatments to replacing windows. It now offers many more varied services to the client, such as moving in and resettling, event staging, holiday decorating, de-cluttering and organizing and one-day re-design. Home staging has boosted Auburn home sales prices on many occassions, as well as quicken the amount of time the home stays on the market.

Getting references for home stagers and checking those references is essential. Auburn home owners should interview staging candidates and visit homes they staged.

Increasing your credit report score rating is not a difficult proposition. It simply takes time and patience. You cannot expect to see results overnight. And if you are approached by someone from a credit repair company insisting they are capable of cleaning up your credit report within a couple of months, walk away. No, check that, RUN AWAY!

If you have plans to buy a new home at any point in the future, now is the time to review your credit report and improve your credit score ratings.

The first thing you need to do is get a copy of your credit reports from each of the big three Credit Reporting Bureaus. You need all 3 credit reports for the Big 3, namely Equifax, Experian, and TransUnion.

Use Your Credit Cards, Make Repayments, Clear Payments Regularly.

The optimal number of credit cards you should possess are about 3 to 6. The more credit lines you have the more it will hurt your credit scores, especially when you are accumulating outstanding unpaid balance attracting hefty interest on them. Pay off the outstanding amounts as much as you can but never clear all at once. Do it progressively with a schedule and budget.

We’d all like to buy the perfect home. Unfortunately, it just doesn’t exist. Even new homes have defects. That’s why it’s important to have any home you buy inspected by qualified professionals-even if it’s brand new.

You’ll undoubtedly discover defects during your inspections. In fact, you should hope that any significant defects are uncovered before you remove your inspection contingency from the purchase agreement. It’s far worse to be surprised after closing by unanticipated repair expenses.

Armed with a complete assessment of the current condition of the property, you can make an informed decision about whether to purchase the property in its present condition. Or, you may want to renegotiate the terms of your purchase agreement with the seller. If defects are incurable, you may want to withdraw from the agreement altogether.

Your purchase agreement should set guidelines for how inspection defects are to be handled. For example, the seller may have had a “termite” inspection completed before marketing the property. If so, the contract might specify which party-buyer or seller-will pay for the required corrective work.