Mortgage and Finance Information You Should Know:
Mortgage rates are continuing to eek down in an effort to stimulate the housing market. A conforming 30 year fixed mortgage rates at 3.79%, a 15 year fixed mortgage rates at 3.05% and 5/1 adjustable mortgage rates at 2.95%, a 30 year jumbo rate at 4.44%, all available with 0.7 to 1% origination fee to the borrower.
An FYI for my fellow realtors: I had an instance this last week where a large bank informed me that they were unable to process the loan in time for closing for one of my clients; 15 days before the scheduled closing date. It was a short sale, and the closing date could not be extended. It’s moments like these that a realtor pulls their hair out, but Homestreet Mortgage came to the rescue, and guaranteed they could process the mortgage and close in the 15 day time frame.
Interestingly, negative equity is now increasing home values. In a report from CoreLogic, negative equity is driving up home prices, because it is keeping homeowners from listing their properties, which keeps the inventory low. Out of the largest 100 markets, in the five markets where prices are accelerating the fastest, they also have the highest share of negative equity, and highest demand for distressed properties.
HARP accounted for 20% of the mortgages this last May, and it is expected in the Bellevue area that home prices will continue to increase due to the low inventory.
The link below is to a beautiful Cape Cod Rambler (starter) Mercer Island home that Libby and I are holding a brokers’ open house tomorrow the 18th, and holding a public open house Saturday the 21st, and Sunday the 22nd.
http://www.bellevueluxuryproperties.us/listing/mlsid/185/propertyid/374305/
Now, if I can ever help you, or someone you know with any of your real estate needs in the Bellevue/Eastside area, please call me at 425-761-2772, or CLICK on my Facebook page, and send me a message. I’m happy to help, and will give you the very best representation.
CLICK HERE to find out what your home is worth in today’s market!
You can also CLICK on any of the links below to begin your search of Eastside real estate:
Bellevue Real Estate
Clyde Hill Real Estate
Enetai Real Estate
Evergreen Point Real Estate
Hunts Point Real Estate
Medina Real Estate
Mercer Island Real Estate
Yarrow Point Real Estate
Like this:
Like Loading...
About Maja Butler
As a broker who is an expert in the Bellevue/Eastside luxury market, I bring a wealth of knowledge buying and selling real estate. I can take on any residential real estate project from conception to completion, and from any place in between. I provide my clients years of experience in designing, building, staging, selling and/or purchasing homes. I am a dedicated residential real estate broker specializing in uniting exceptional homes with extraordinary lives. I provide professional service of the highest caliber for any facet of the Eastside real estate industry in the Bellevue/Eastside areas. My strength lies in the long-term relationships I have created with key members of the industry over the years; I understand how my clients want to live, and will take all the time required, so that I fully understand the requirements of each individual client. I am passionate about my business and bring my experience, expertise, creativity and innovative ideas to each and every transaction. I am focused on delivering results for you.
What is my Expertise: I specialize in presenting properties that are well positioned and expertly marketed to attract the highest value for my clientele by offering an in-house staging and design services. This one-stop solution is a cost and time saving advantage exclusive for my clients. My indisputable eye for details is what sets me and my listings apart from our competitors.
I am used to working with the international focused, successful business people, who demand value and quality. I have relationships in place to directly target to prospective buyers overseas through our affiliation of the Sotheby’s International Realty brand.
As long-time resident of the Seattle/Bellevue/Mercer Island area, I have a keen understanding of the local real estate market. I am well respected in the community and have immense connections with local business leaders that define the Eastside. I specialize in assisting discerning buyers and sellers in Medina, Clyde Hill, West Bellevue, Hunts Point, Evergreen Point, Yarrow Bay, Mercer Island, Sammamish, Issaquah, and other Eastside communities.
Here are some of the things "I" can do for you:
Find Your Next Home: You need someone who knows this area inside and out! I can work with you to find the right home at the right price for your needs, including all the neighborhood amenities that matter - not to mention the essential criteria you have for your ideal location along with extensive details about the communities you are interested in considering for your next home.
Sell Your Home: When it's time to moving, I can offer you innovation and creativity in marketing and promoting your home, with priority postings on multiple internet sites, creation of your own home website, with a virtual tour. I will show your home to other brokers, and qualified prospective buyers, negotiate the purchase and sale contract, arrange financing, oversee the inspections, handle all necessary paperwork, and supervise the closing. I can take care of every detail for you, from start to close in a highly professional, efficient, discrete and effective manner.
Consult on Home Selling Tactics: I can transform your home to be attractive to its ideal audience - which can help you get top dollar. Professional design, staging, supervising repairs or minor improvements, or even simply painting the walls can make the difference between a home sitting on the market and one that's sold quickly.
Knowledge: When it comes to a bespoke property creation, there is nothing like the tenacity and drive that I possess as businesswomen in marketing a property; especially since I that lives the lifestyle pursued by my clients. Knowing how to market, stage, present and negotiate is the winning combination that sets me apart.
Why Sotheby's: If you want to reach out to the whole world, who better than Sotheby's. It is indisputably a name that is recognized worldwide. The auction house itself is recognized as being the best of the best, and the International Realty division is a natural extension of the Sotheby's brand, which is why I am delighted and privileged to be a part of Realogics Sotheby's International Realty.
Awards:
Luxury Specialists, CNE, CSN, CSSN, CFS, HUD & REOs, Bellevue/Eastside, and Mercer Island.