Will The 2021 Real Estate Market Shift from a Seller’s to a Buyer’s Market?
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
With higher home prices, low mortgage rates, and limited home supply, the remainder of 2021 will likely continue to be a seller’s market—possibly even for the foreseeable future. In This Article: What Is A Buyer’s Market And How Is It Different From A Seller’s Market? Are There Signs That 2021 Will Continue To Be A Seller’s Market? When Can We Expect The Market To Shift? Are There Any Tips To Keep In Mind While Navigating The Current Market? As you are likely aware, a buyer’s market occurs when the supply for homes exceeds demand. Moreover, in a buyer’s market, real estate prices often decre ..read more
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5 Signs You’re Buying a Good Home
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
When shopping for a great house, you likely have a long list of things in mind that make some homes stand out more so than others. But signs that you are buying a good or even a great home might not necessarily be items that you can check off your must-have list. Thus, in this article, we’ll go over five signs that you are buying a good home that is attuned to your needs. In This Article: What Are 5 Signs You Are Buying A Good Home? Are There Other Ways To Know You Are Buying A Good Home? Structurally, How Can You Tell If You Have A Good Home On Your Hands? Can A Not-So-Perfect Home Still Be ..read more
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What To Know About Second Home Mortgages
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
Not only can a secondary property be a great investment in your future, but it can also be a retreat from everyday life. Therefore, purchasing a second home is definitely worth considering. In this article, we’ll go over several important things you need to know when it comes to second homes and mortgages. In This Article: What Is The Difference Between A Second Home And An Investment Property? Are There Factors A Borrower Should Possibly Consider Before Buying A Second Home? How Do You Know If A Second Home Mortgage Is The Right Move? What Are My Options When It Comes To Securing A Second Ho ..read more
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5 Housing Trends for 2021
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
The Housing Market is picking up right where it left off in 2020 this year. In this article, we’ll go over the top 5 housing market trends that are happening in 2021. In This Article: What Are The 5 Most Notable Housing Trends For 2021? Are Single-Family Homes Still In High Demand? Are Condos Making A Comeback? Will There Be Continued Demand For Luxury Homes And Second Homes Outside Major Cities? What Are The Predictions For Home Inventory And Mortgage Rates For The Remainder Of 2021? There is no denying that last year was an exceptional one for the housing market, especially during the latt ..read more
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7 More Reasons Why Home Inventory Is Low
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
Despite the high demand for homes, inventory is low and continues to below. In this article, we’ll go over the main reasons why finding a home for sale is becoming increasingly hard. In This Article: Why Is Home Inventory Lower Than Low? What Effect Has COVID-19 And The Pandemic Had On Available Inventory? How Will The Housing Market Respond To The High Demand For New And Existing Homes? Will Inventory Be Low For The Foreseeable Future? One of the biggest challenges in the current real estate market is home inventory. In the past year alone, there have been more homebuyers searching for home ..read more
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Reach Your Down Payment Goals In Time To Buy A Home In 2021
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
If you are thinking about purchasing a home in 2021, then one of the best things you can do is to start saving for your down payment now. In this article, we’ll cover how much you’ll actually need for a down payment and go over a few financial tips for homebuyers to help you meet your down payment goals. In This Article: How Can You Ensure You Will Have Enough Money For Your Down Payment?       Can Your Parents Help You Put Money Down?   Can The Seller Cover Your Down Payment?      When Can A Borrower Consider 100 Percent Financ ..read more
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Planning On Getting A Mortgage in 2021, Take These Steps
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
If you are planning on a home purchase this year, then there are several steps you need to take in order to secure a mortgage and be financially prepared for homeownership. In This Article: What Steps Should You Take If You Are Planning On Getting A Mortgage in 2021? Why Is It Important To Avoid Major Purchases And Double-Check Your Credit Score? Can A Borrower Put Down Less Than 20 Percent? When Should A  Borrower Get Pre-Approved? What Should You Do After Taking Out A Home Loan? As we move into 2021, there are a lot of people who are thinking about getting a mortgage. Even though it i ..read more
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4 Ways to Be Ready for a Bidding War
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
In today’s housing market, inventory is at an all-time low, and bidding wars are on the rise. In January, the average home sale had 3.7 offers, and houses sold in an average of just 21 days. Those are staggering numbers and are a testament to how incredibly competitive the housing market is in Washington, Idaho, Oregon, and Colorado, as well as the rest of the nation. When supply is very low and demand is very strong, competition among buyers can be fierce. That’s why you’ve got to be prepared for the likelihood of a bidding war when it comes time to put in an offer to buy a home. The idea of ..read more
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Five Mistakes To Avoid As A First-Time Buyer
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
Are you getting ready to buy your very first home? As a first-time homebuyer (FTHB), there are some pitfalls ahead. By knowing what to do and what not to do, you can avoid these five common FTHB mistakes. In This Article: Five First-Time Home Buyer Mistakes to Avoid Advantages of being an FTHB Five First-Time Home Buyer Mistakes to Avoid Shopping for your first home can be so exciting, but don’t let your heart run away with your head. Take things step by step, and plan before you buy. Doing your research is the best way to avoid the most common mistake that FTHBs make. You can save money, ti ..read more
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Coveted Smart Home Features That Add Value
Sammamish Mortgage | Seattle & Bellevue WA Mortgage Company
by Sammamish Mortgage
3y ago
Smart home features are not just for millennials anymore and the tech-savvy. Moreover, there is no denying that smart home features add value to one’s home. This article will cover which smart home features are the most coveted and worth investing in. In This Article: Why Smart Home Features Will Increase Your Home’s Value, And Are A Must When Selling Your Home? What Smart Home Features Should You Invest In Regardless Of When You Plan To Sell? Why Do Certain Home Features Add Value To Your Home More So Than Others? Which Smart Home Features Will Stand The Test Of Time And The Ever-Changing Re ..read more
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