Phone : 206-914-4940
Email : info@aliseroberts.com

Blog

Questions You Should Ask During a Home Inspection

At Jul 20, 2017

Whether you are a buyer interested in a particular house, or a seller trying to get the best sales price for your home, there will come a time in the real estate process where you should get a home inspection. The moment the inspector arrives to perform the evaluation, you may feel the need to leave them alone or silently follow a few steps behind while they are looking over all the features of the house. You may think you don’t want to break their concentration during the evaluation. Unfortunately, you are missing out on a great opportunity to find out more details about the home and any issues that could cause problems with the closing process. So don’t be afraid to accompany the inspector and ask the following questions during the home inspection.

Unfortunately, you are missing out on a great opportunity to find out more details about the home and any issues that could cause problems with the closing process. So don’t be afraid to accompany the inspector and ask the following questions during the home inspection.

 

How Would You Rate the Issue?

When a problem is found, you typically aren’t sure just how serious it is unless the inspector makes it a point to tell you that it is an unsafe condition. Yet for smaller issues, knowing just how bad the problem might become could impact your finances.

While you may read the inspection report about a small crack in the foundation and think it is a minor issue that doesn’t need fixing, the problem could actually mean there is something very serious going on with the foundation that should be repaired as soon as possible before it leads to a costlier fix.

 

How Old is the Water Heater, Furnace, and Central Air Unit?

Knowing the age of these mechanical systems in the house and how often they have been serviced can allow you to figure out if the units are on their last legs and need to be eventually replaced in the near future. It is also a good idea to find out the age of your furnace, water heater and central air because older, less efficient models can have a significant impact on your monthly utility bills.

A seller may decide to upgrade the systems themselves to raise the value of the house or lower the asking price to bring in more buyers. Home buyers can use the information from their professional inspection to come up with a competitive bid for the property as well as plan out their finances to replace old units.

 

How Should I Get the Problem Fixed?

While many states prevent home inspectors from giving you a construction bid to repair the issue for you, they can offer advice on what the repair may require. Some issues, while it may seem like a huge expense and hassle, could be as simple as running down to the home store to buy the materials and fix yourself. Other issues may seem like a do-it-yourself job, yet the inspector can give you more information about how it should be professionally handled and if you will need to pull permits to make any repairs or changes.

 

Can You Show Me the Issue?

Home buyers and sellers aren’t expected to have advanced construction knowledge. So there may be items on the report that you have no idea what the inspector is talking about and don’t understand how the problem could affect the home. If you are lucky enough to be with the inspector during the evaluation, have them point out where the issue is and what effect it will have if it is not fixed immediately. Since you will probably be at the house to take photos of the property, snap a quick picture of the issue as a reminder.

A home inspection is your way of knowing about any serious problems with the house that can impact your finances and slow down the closing process. Ask these simple questions to the inspection to learn more about the conditions of the house.

Sticky
Comments Off on Questions You Should Ask During a Home Inspection
Share

10 Don’ts When Purchasing a New House

At Nov 09, 2016

With the housing market back up to the pre-recession rates, a more stable job market and better loans, many are finally considering purchasing their first home. While the dream of purchasing a new home is easier to achieve, still it’s good to be mindful of the basic ground rules of responsible credit. We’ve worked with many first-time buyers that get disqualified during the underwriting process because of making these 10 mistakes.

10_Dont_img

Sticky
Comments Off on 10 Don’ts When Purchasing a New House
Share

5 Common Mistakes Of First Time Home Buyers

At Jun 23, 2015

5 Common Mistakes Of First Time Home Buyers

Are you considering buying your first home soon? Congratulations! Owning a home is a huge step, and a huge investment in your future. While the process can be very fun and exciting, it can also be a bit overwhelming, especially to first time home buyers. Before you decide to put an offer in on a house, you’ll want to do a bit of research and be sure you are making the best decision for you.

Here are some common mistakes often made by first time home buyers:

(more…)

Sticky
Comments Off on 5 Common Mistakes Of First Time Home Buyers
Share

Financial Benefits of Homeownership When Building Net Worth

At Jan 05, 2015

Financial Benefits of Homeownership When Building Net Worth

In theory, putting your money into the stock market instead of your home could give you higher returns. In practice, however, few renters actually do invest successfully in the stock market. Owning a home has significant financial benefits, especially for people in Seattle where it’s expensive to rent. A report by the National Association of Realtors found homeowner’s net worth ranged from 31 to 46 times that of renters in the past 15 years.

As your home goes up in value, so too does your net worth.

Many people like to set financial goals for the New Year. Increasing your net worth is all about paying down debt and saving more. But homeowners’ net worth is positively influenced by factors beyond their control such as a booming real estate market in Seattle. As your home goes up in value, so too does your net worth. Even if you missed the beginning stages of the housing recovery, it’s still a great time to realize the benefits of homeownership.
(more…)

Sticky
Comments Off on Financial Benefits of Homeownership When Building Net Worth
Share

Your Credit Score: What does that number really mean?

At Dec 19, 2014

Your Credit Score: What does that number really mean?

The importance of having a good credit score when buying a home is not something most people find surprising. A person’s credit score provides their lenders with a great deal of important information about the person and how much they could afford to spend on a home.

However, what most people don’t know is what exactly that number means and the role in places in whether or not you get a mortgage or where you are able to get your mortgage from. In addition to determining whether or not you can qualify for a mortgage, it can determine the type of home you can buy, what your interest rate is, and much more!

Minimum Credit Scores

Sure, everyone knows there is such a thing as a ‘good’ credit score or a ‘bad’ credit score. You also know that good credit scores allow you to get a mortgage while bad ones don’t. But what exactly is a good credit score?

(more…)

Sticky
Comments Off on Your Credit Score: What does that number really mean?
Share

Promising News For Home Sales

At Dec 09, 2014

Promising News For Home Sales

According to the latest statistics announced by the National Association of Realtors (NAR) the rate of pre-existing homes being sold is at the highest for the year. This comes after August’s disappointing news that the rate had dropped 1.8%.

September’s statistics show an increase of 2.4% (this correlates to an equivalent of 5.16 million homes being sold). It is important to note that although this is the highest rate for the year thus far, it is still 1.7% lower than this time last year. In September of 2013 approximately 5.26 million homes were sold.

Economists are optimistic citing a less competitive housing market with low interest rates which lead to stronger home sales.

Additionally, when looking at the sales of single family homes, the trend is similar. There was a 2.0% in September compared to August. However, this is overall lower than the rate recorded this time last year. Economists are optimistic citing a less competitive housing market with low interest rates which lead to stronger home sales.

(more…)

Sticky
Comments Off on Promising News For Home Sales
Share

Purchasing a Home That Is Retirement Friendly (WAIT)

At Dec 06, 2014

The perfect “retirement home” for many Seattle baby boomers today isn’t necessarily located in a retirement community. Experts say a lot of boomers want to be surrounded by people of all ages in retirement. When purchasing a home in the Seattle area, it’s important to find builders that will accommodate any special concerns you have related to aging in place. An elder-friendly new construction home in Washington State is one that has an overall floor plan and features that make it easier to get around and be safe. According to a recent Better Homes and Gardens Real Estate survey cited by Next Ave. about baby boomers and their retirement homes, the most important features boomers look for when purchasing a home is low-maintenance features. Instead of downsizing to an apartment or small condo, most baby boo mers are planning to buy a better lifestyle. The Next Ave. article pointed out that older homebuyers specifically want diversity and to live around people who stimulate them. Some Seattle-area new homes can be built with specific aging-in-place designs in mind.

Exterior considerations

A good home builder can build you a home with a low maintenance exterior as well as low-maintenance shrubs and plants. If you choose a floor plan with a patio and porch, a builder can make sure the outdoor living areas are easily accessible with a walker or even wheelchair. If you are not building your home then there are many things you can do to make the home more accessible on the exterior but you will want to verify there are not any neighborhood restrictions preventing altering the exterior of the home.

Overall floor plan

A one-story home is ideal. Also, it’s important to have well-lit hallways that are at least 36-inches wide andno steps between rooms to prevent trips and falls. Lights at the entryway can make it easier to see in order to open the front door lock.

Focus on flooring

The flooring in an elder-friendly home needs to be non-slip, especially in the entryway and bathrooms. If you do choose a harder surface such as tile, consider placing non-slip rugs in key areas.

Other ideas include customizing your home with special showers with no thresholds, seating areas and grips.You can also install easy-to-read thermostats, touch light switches, lighting in closets, pull-out shelving in the kitchen, and anti-scold controls on faucets.  Searching for a home with plenty of natural light is a nice feature especially in Seattle.

At Alise Roberts & Company, we take the extra time to meet face-to-face with our clients. Our Realtors can show you resale homes as well as new construction models so you can get a feel for what’s right for you and your family. For more information about how we can help you find a retirement-friendly new home, pleasecontact us.

Sticky
Comments Off on Purchasing a Home That Is Retirement Friendly (WAIT)
Share

What Type of Mortgage Is Right For Me?

At Oct 28, 2014

What Type of Mortgage Is Right For Me?

Are you ready to be a home owner? If the answer is YES, good for you! There are many great benefits of home ownership.

While many future homeowners know the neighborhood, the size, and the price range of their home, many often do not consider an integral piece of the puzzle: what type of mortgage is right for me?

Let’s look at four types of mortgages, and see which is the best fit for YOU.

•  FHA loan. This is a loan insured by the Federal Housing Administration. A great aspect of this loan is they offer a lower down payment than other conventional mortgage loans.  A drawback is an FHA loan limits the size of the loan.

(more…)

Sticky
Comments Off on What Type of Mortgage Is Right For Me?
Share

Seattle’s Latest Statistics Show Price Increase

At Oct 22, 2014

Seattle's Latest Statistics Show Price IncreaseAccording to some of the latest statistics for Seattle’s housing market, the median home price has risen to the highest it has been since August 2007. This is intriguing news for prospective home buyers and sellers alike.

According to The Seattle Times, the median home price has risen dramatically. The word median means middle, so the middle range price of a home has increased. This is not necessarily the same thing as average (the difference might seem negligible, but can actually make a big difference).

The median home price has risen dramatically

In August of 2007 the median price for a single family home in Seattle was $501,000. In August of 2014 the median home price was $543,500. It is also important to note that these are the prices homes actually SOLD for. Interestingly enough the median price for June was only $499,000.

Why the price changes?

Seattle has a very good job market. In June 2014 Washington state’s unemployment rate was only 5.8% according to the most recent statistics. This is the lowest it has been in six years.

Combine the increase in employed workers with good interest rates and more people are now able to purchase homes. This gives the market more competition.

Seattle’s unemployment rate is the lowest it has been in six years.

The Seattle Times article also lists specific statistics for many of the neighborhoods in Seattle. The median home prices are certainly an interesting statistic to keep an eye on. They can be indicative of the overall housing market and economic climate of our area.

For more information about buying and selling a home, please contact us.

Sticky
Comments Off on Seattle’s Latest Statistics Show Price Increase
Share

Seattle Named a Millennial Real Estate Hotspot

At Aug 19, 2014

Seattle Named a Millennial Real Estate Hotspot

Last week we focused on how Seattle is becoming a hot spot for retirees. But for Millenials it remains a sought after hot spot when searching for a home. Seattle is an area with a lot of young energy as well as new money for real estate. A recent report by the National Association of Realtors named Seattle as one of the best cities for Millennial home buyers or young adults in their 20s and early 30s. According to an article by CNN Money that cited the report, some of the factors that made Seattle and several other cities stand out included strong job growth and affordable home prices. Living in Seattle has several perks for younger buyers.

The National Association of Realtors named Seattle as one of the best cities for Millennial home buyers or young adults in their 20s and early 30s.

Tech jobs

One of the reasons real estate is booming in Seattle is due to tech jobs that attract young workers. According to CNN Money, between 2010 and 2012, 28 percent of those moving into Seattle were Millennials compared to 23 percent for the average major city. Job growth is at about 2.6 percent. In addition to start-up companies, some of the major employers include Microsoft, Amazon and Starbucks.

Hip neighborhoods

According to an article by Forbes, Seattle is credited as being the birthplace of the hipster craze. For young people wanting to buy real estate in Seattle, one of the most “hip” areas is Capitol Hill, Seattle, WA. Another hip neighborhood noted by Forbes was the Ballard neighborhood. Homeowners in Ballard, a Northwest Seattle area, can walk to antique shops, restaurants, a movie theater, the Ballard Farmers market and parks. Nightlife and coffee shops make Capitol Hill a popular place for Millennials to buy homes.

In Seattle’s Queen Anne Hill neighborhood, Martha Rose Construction in Seattle built “extreme green homes.”

Green homes

Seattle is home to several green or eco-friendly homes. For example, the woman-owned GreenPod Development builds new Seattle modular homes. In Seattle’s Queen Anne Hill neighborhood, Martha Rose Construction in Seattle built “extreme green homes.” The homes were awarded the 5 Star Built Green award. When shopping for real estate in Seattle, young house hunters can find many homes with high “Green IQ’s.” Some resale homes are also landscaped with native plants to protect the native butterflies, birds and other wildlife.

For more information on buying real estate  in the Seattle area as a young buyer or one who is just young at heart, please contact us.

 

Sticky
Comments Off on Seattle Named a Millennial Real Estate Hotspot
Share
Page 1 of 712345...Last »