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Showing posts from September, 2022

Washington State: How's the Real Estate Market Doing?

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  What is the housing market like right now?  After two years of rapid growth in home prices and vicious bidding wars, the housing market is showing the effects of rising interest rates. According to Redfin, in August 2022, home prices in Washington were up 4.3% compared to last year, selling for a median price of $596,300. On average, the number of homes sold was down 23.8% year over year and there were 10,402 homes sold in August this year, down from 13,653 homes sold in August last year. The median days on the market was 17 days, up 8 years over year. Statistics show that there were 30,901 homes for sale in Washington, up 17.9% year over year. The number of newly listed homes was 11,145 and down 21.1% year over year. The average month of supply is 2 months, up 0 year over year. Please refer to the graph below.  The graph shows that the direction and pace at which housing supply changes indicate whether the options for buyers are increasing or decreasing. They can also indicate wheth

11 Steps To Buying A Home In 2022

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Buying a home is a dream for everyone. But, owning one isn't easy as it may sound or as smooth as it may look.  And that’s the purpose of this blog, to help you with the step-by-step process of purchasing your dream home. These steps will walk you through how to purchase the right home at the right price with the help of the right realtor. 1. Get your Personal Finances Ready  If you’re considering buying a house, you’ll want to take a careful look at your finances to ensure you’re ready for this new commitment. In fact, your finances are so important that you’ll want to start working on them. You have to take a look at some documents to evaluate your ability to pay the monthly mortgage payment associated with your home purchase.   In preparation, you should check and gather a few documents around these specific areas of your personal finances. Your Income, Debt, Savings, and Credit.  2. How Much Home you can Afford? To figure out how much you can afford, it’s time to start planning

Hispanic Heritage Month: A celebration of History & Culture!

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Rich culture, heroism, revolutions and wars, and doings passed through by our ancestors have led us to where we are today. From our beliefs and traditions, down to our skin color and diverse culture. It all drove us to celebrate the National Hispanic Heritage Month, observed by Americans from September 15 to October 15.  This is a celebration of the history, culture, and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean, and Central and South America. It was enacted into law on August 17, 1988, with the approval of Public Law 100-402. This observation started in 1968 as Hispanic Heritage Week under President Lyndon Johnson and was expanded by President Ronald Reagan in 1988 to cover a 30-day period starting on September 15 and ending on October 15.   The day of September 15 is significant enough because it is the anniversary of independence for Latin American countries such as Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. In additi

Looking To Buy A Home? Here Are 4 Easy Tips For Home Buyers!

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Sometimes, we tend to do things on our own. But, there are things that we cannot handle just by ourselves, especially if we have other things that require our time and attention, whether it be work, family, or passion. That’s why if you’re looking to buy a home, it is always necessary to have someone who knows all the details, from big to small and everything in between. Follow these tips for a smooth, convenient, and stress-free home-buying journey. 1. Be Flexible in your Home Search The vast majority of first-time home buyers are unlikely to get their top choice. The more flexible you are with your choices, the higher your chances of success. It may be helpful to list and rank the features you want most before you start your search --that'll help you assess your options once you begin visiting potential homes. 2. Explore Mortgage Options   A variety of mortgages are available with varying down payment and eligibility requirements. You also have options when it comes to the mort

4 Tips For Selling Your Home in 2022!

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Are you looking to sell your home before this year ends?  These tips might help you get your home sold smoothly and conveniently possible. 1. Work with a Top Agent This is the single most beneficial thing a seller can do. A top agent will walk you through every step of the selling process, from making upgrades and listing to showing the home and comparing offers. While you can focus more on work or your family. Your agent will be there on your behalf. 2. Invest in Repairs Over Upgrades You may be tempted to update your home before listing it to attract more buyers. But the thing about updates is that rarely do you get your full investment back. That's why you're better off focusing on home repairs whether they're big or small rather than doing upgrades.  3. Price Correctly Pricing your home is a complicated process, but also incredibly important. And you can’t price your home without any basis and just because it’s what you think you deserve. A top

How to Stay Cool and Hydrated in Washington State's Heat Wave 2022?

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As the temperature gets higher in the Western part of the county and a possible rise in heat-related illnesses. Everyone's now encouraged to keep hydrated in this most intense heat wave. Here are some tips to stay cool and hydrated. 1. Drink Plenty of Water G etting enough water every day is important for your health. Drinking water can prevent dehydration, a condition that can cause unclear thinking, result in mood change, cause your body to overheat, and lead to constipation and kidney stones. Drinking enough fluids is one of the most important things you can do to prevent heat illness. Water is generally sufficient for hydration. 2. Watch News and Read Related Blogs  Watching local news for updates and following social media accounts of reliable  sources or agencies can help you along the way. You can get helpful tips and updates with heat-related warnings, and advisories to avoid getting heat-related illnesses. You can check out the National Weather Services website for more i