Prices Are Stabilizing in King County
Prices Stabilizing in King County since Spring 2009 (Including Sept 2009 data)See More
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How Much % Off Can You Get in Mercer Island??
Average discount is 12.8% off original list price, 6.1% off the last list price, 146 Days on Market.
Find Discounted Homes in Mercer Island Here:
http://www.searchmvt.com/page/search-begins-set-up-listing
A photo by Davis Hsu was featured
The Generational Age Curve Will Have Huge Effects on Business and Markets.
A few weeks ago I read the book “The Age Curve” by Kenneth Gronbach. The book has a very simple premise- that demographic numbers (or the size of each successive generation) holds the key to marketing and your future business success.The author breaks up today’s United States into 5 generations (each 20 years in duration) starting in 1905 (The GI Generation)- Followed by the Silent Generation (1925-1945)- Baby Boomers (1945-1965)- Generation X (1965-1985) and then the large Generation Y or Echo…See More
Blog post by Davis Hsu
Two Thoughts for Buyers Going Directly to a Listing Agent
There is a thought floating around that says-Buyers should skip using a Buyer’s real estate agent and go directly to the Listing Agent (Seller’s Agent) if they want to buy a specific house.The logic behind the thought is that the buyer will get a better price because the seller will discount the house an additional 3% because they don’t have to pay two agents and instead only have to pay one (the Listing Agent).Here are two things to think about when employing this particular tactic-1) Legally,…See More
Blog post by Davis Hsu
Short Sale Vs. Foreclosure (Part 2 of 4)
Future Loans (Any Lender)FORECLOSUREOn any future 1003 application, a prospective borrower will have to answer YES on the standard 1003 that asks “Have you had a property foreclosed upon or given title or deed in lieu thereof in the last 7 years?” This will affect future rates.SHORT SALEThere is no similar declaration or question regarding a short sale at this point.Know Your Options & The Hidden Consequences of Foreclosure…See More
Blog post by Davis Hsu
Short Sale Vs. Foreclosure (Part 1 of 4)
SHORT SALE CONSEQUENCES VS. FORECLOSUREIt’s no secret that many borrowers are underwater in their primary residences and investment properties. More often than not the investment properties are in a negative cash-flow situation and homeowners feel stuck in their primary residence knowing that it will take years to get “right-side up” in their house.This article will be a four part series examining the consequences of a short sale versus a foreclosure and is designed to answer common questions…See More
Blog post by Davis Hsu
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What Kind of Deal Can you Expect to get in Mercer Island for 500-700K?
This is everything on Mercer Island that actually SOLD, nothing excluded in June/July/August in the $500-700k range. 14 houses total.
There is a downward slant correlating days on market and discount from the last list price- and three deals below 90%. One at full price and one above full price (probably rolled in closing costs of 3%).
The average days on market is 146 days, the average discount off of the Last List… Continue
Posted on September 15, 2009 at 5:30pm
WHAT TO EXPECT AS A BUYER OR SELLER ON THE SAMMAMISH PLATEAU (Summer 2009)
I examined all the 55 Closed Sales in the Sammamish Plateau (MLS Area 540) for the month of July 2009. For the sake of this analysis I zeroed in on the $300-500k market segment and threw out one sale that was on the market for almost three years.
I thought the results were informative for both buyers and sellers in terms of setting expectations. First of all, the average discount off of the last list price was ONLY 3%. As you can see from the chart below- the trendline shows that the… Continue
I thought the results were informative for both buyers and sellers in terms of setting expectations. First of all, the average discount off of the last list price was ONLY 3%. As you can see from the chart below- the trendline shows that the… Continue
Posted on September 1, 2009 at 1:30pm
Short Sale Vs. Foreclosure Part 3 of 4
A short sale has many benefits vs. a foreclosure. Some of these are highlighted below. President Obama and his team are pushing banks to approve short sales this year to stem the tide of foreclosures.
FORECLOSURE
Credit Score
Score may be lowered anywhere from 250 to over 300 points. Typically will affect scores for over 3 years.
Credit History
Foreclosure will remain as public record on your credit history for 10 years… Continue
FORECLOSURE
Credit Score
Score may be lowered anywhere from 250 to over 300 points. Typically will affect scores for over 3 years.
Credit History
Foreclosure will remain as public record on your credit history for 10 years… Continue
Posted on August 27, 2009 at 9:00am
Employment Impacts of a Foreclosure
Keeping your credit strong is important not just for future purchases of homes, automobiles and other consumer items. It also may have impacts on your current and future employment.
Employment Impacts of a Foreclosure-
Security Clearances
Outside a conviction for a serious misdemeanor or felony, a foreclosure can be one of the most challenging issues against a security clearance. If a client has a foreclosure and is a police officer, in the… Continue
Employment Impacts of a Foreclosure-
Security Clearances
Outside a conviction for a serious misdemeanor or felony, a foreclosure can be one of the most challenging issues against a security clearance. If a client has a foreclosure and is a police officer, in the… Continue
Posted on August 21, 2009 at 9:00am
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