February 2018

There are 3 blog entries for February 2018.

Home prices in Seattle have been on the rise in recent years. Even if you're a renter, you may be feeling that pinch. After all, your landlord may increase your rent to reflect the ever-growing value of the property you inhabit. Rising rent, as well as the desire for stability, are great reasons to consider making the leap from renting to owning.

 

However, the real estate market in Seattle is unique, and you have to know what to expect if you're going to buy a home in the area. Whether you're in the market for a single family home, townhouse or condo, there are properties coming onto the market every day that could fit your needs. You just need to be prepared for the intense and competitive home-buying process in the Seattle area.

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Staying current on your mortgage payments is incredibly important for maintaining your financial stability and taking care of your overall situation. Whether you already have a mortgage or you’re getting ready to buy a home this year, you should spend some time thinking carefully about how you’re going to deal with the mortgage moving forward. With house prices going up and more and more people buying homes and taking out mortgages, the stakes are high for housing decisions.

Here are a few tips and helpful ideas to keep in mind: 

Be Strategic with Your Debt

Mortgages are often on the lower end in terms of interest rates, and can be very manageable and stable compared to other debts you may be carrying. Interest rates are very likely to go up

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It appears as if the Seattle real estate market has no indication of slowing down, after opening 2018 hotter than before. In King County, 2017 featured the highest home prices in history and prices surged another 20 percent in January this year compared with the same month in 2017. It’s now been 15 months straight that Seattle has led the nation as the hottest housing market.

The heat in the local housing market certainly shows in the numbers for January’s residential home sales. In 2017, a total of 281 single-family residential homes were listed. Although 30 fewer homes were listed in January 2018, the average sale price was $789,000 - more than $80,000 higher than the average sale price in January last year: $706,500. The top home price in

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