seattle real estate blog

I'm looking at a house that I was told is a "short sale". How does that work?

  • by fred - Fri, 11/21/2014 - 14:07

A short sale is a home for sale where the Seller owes more money than the market value of the property.  In essence the Seller would have to bring monies to closing to pay off the difference of the loan balance and closing costs.  As most Sellers do not have the funds to do that, they submit to the lien holder (Bank) to forgive the difference.  The process is sometimes very arduous, lengthy (two to six months to close) and is fra

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Should I wait to be pre Approved for a Mortgage before making an offer on a house for sale?

  • by fred - Fri, 11/21/2014 - 13:58

It is not required to present an offer, but is highly recommended.  Especially in a Sellers market, where often times there are multiple offers in play.  Not uncommon for two offers to be identical in price, but one buyer is pre approved and the other is not.  Guess which one wins out?  There are occasions where it may make sense to secure a property without the pre approval in hand, but as a general rule of thumb, you want

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Do I need a Home Inspection of the house I am buying.

  • by fred - Fri, 11/21/2014 - 13:54

Absolutely!  Only in rare cases is a Home  Inspection of the property waived (most often with new construction).  A good Inspector is worth his/her weight in gold.  Many property owners are not aware of some problems they have with their own homes.   An Inspector will crawl into the crawl space, check electrical and check the attic, not to mention a few.

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  • by fred - Fri, 11/21/2014 - 13:41

I/we have been in the Real Estate busienss for well over three decades.  Serving the Snohomish and King County areas most of that time.  Real Estate is not rocket science, though many Real Estate Companies would have you beleive that.  Here at the Doner Group we cut away the BS, or propaganda if you like,  and focus on what is best for you the client to get the job done.

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