5 tips for making an offer in a hot real estate market

Steady demand. Limited supply. That’s what we are seeing in real estate markets across the country right now. Inventory is particularly tight within the lower price ranges. “The starter house is nearly missing in some markets,” according to Jessica Lautz, managing director of survey research and communication for the National Association of Realtors. Of course,…

What income do you need to qualify for a mortgage loan?

When you apply for a home loan, the mortgage lender will conduct a thorough review of your income situation. Income is one of the most important factors to a lender, along with your credit score and debt level. This article answers a common, income-related question that home buyers often ask: How much income is needed…

Mortgage rates rise to their highest level in over four years

Are you thinking about buying a home in the near future? Do you need a mortgage loan to finance your purchase? Here’s a trend you should know about. This week, the average rate for a 30-year fixed-rate mortgage loan rose to its highest level since 2013. This is based on the weekly industry survey conducted…

Buyers, prepare for competition: Homes expected to sell fast in 2018

A recent report showed that homes across the U.S. sold faster than ever during 2017. And experts believe that 2018 could be an even hotter real estate market, due to a chronically low level of homes for sale. So buyers should be prepared for competition. Here’s the big message for home buyers and house hunters…

Coldwell Banker Bain launches ‘Bring Hope Home’ domestic violence initiative

Coldwell Banker Bain real estate brokerage services has launched a new referral initiative, “Bring Hope Home,” to benefit Domestic Violence Housing First. A program facilitated through the Washington State Coalition Against Domestic Violence, the Domestic Violence Housing First approach focuses on getting survivors of domestic violence into stable housing as quickly as possible, and then…

Update: Property on 196th featured in ‘Looking Back’ column now for sale

A property on 196th Street Southwest just east of 76th Avenue West that was the subject of a recent “Looking Back” column for Lynnwood Today is now for sale. According to Paul Krauss, the city of Lynnwood’s Community Development Director, the building was “vacant and deteriorating” for several years, until a proposal to build a church was…

Top 7 mortgage tips for first-time home buyers

The mortgage lending process can be somewhat intimidating, especially for first-time home buyers who’ve never been through it before. There’s so much money on the line, and so many steps along the way. Below, we have assembled a “top-seven” list of mortgage tips for home buyers. Once you finish reading this list, you’ll have a…

Coldwell Banker Bain named a top brokerage in industry rankings

Coldwell Banker Bain has been named a top brokerage in two of the industry’s top national rankings – the 2018 REAL Trends 500 and RISMedia’s Annual Power Broker Report. In the former, CB Bain ranked 16th for volume and 39th for sides, and in the latter ranked 15th with a total sales volume of $6,349,990,203 and 11,809 transactions. The REAL Trends 500 is…

Two free home buying seminars this season by Snohomish County Habitat for Humanity

Snohomish County Habitat for Humanity will hold two seminars for home buyers this season in Lynnwood. The seminars are designed to help all families purchase an affordable home in Snohomish County. Experienced loan officers will explain the application process to participants. Low-interest mortgage options and down payment assistance programs will also be covered. Learn how…

Spring 2018 home-buying season to be marked by low inventory

Home buying activity tends to pick up in the spring, as more and more buyers shake off the winter chills and prepare to enter the real estate market. This year, the spring home-buying “season” will be marked by low inventory across much of the country. And that will keep things competitive for home buyers seeking…

Home prices continue to soar; Snohomish County at record highs

Seattle kicked off 2018 the same way it spent the prior year and a half, as the hottest real-estate market in the country, with no slowing down, our online news partner The Seattle Times reported Tuesday. The cost of the typical single-family house across the Seattle metro area grew 12.9 percent in January from a…

The benefits of staging when selling a home

Seller’s market conditions persist in cities across the country, as inventory continues to fall short of demand. Under these kinds of conditions, sellers typically enjoy competing offers from buyers. But that doesn’t mean sellers should skimp on the home staging. By staging your house for buyers, you can increase the chance for a quick sale…

Sponsor spotlight: Garden bench from Superior Stone Manufacturing

Here’s a product for spring, from Lynnwood-based Superior Stone Manufacturing, now featured on our Home and Real Estate page. This garden bench is 46 inches x 16 inches x 16 inches tall, with a marbled top and a stone edge. Says the company: “The legs are large and beefy. It looks like real stone. This…

Looking to buy a home? How to prepare for a competitive real estate market

Home buyers who are planning to enter the real estate market can benefit from having their financing arranged ahead of time. What does that mean exactly, and why is it so important in the current real estate market? Here’s what you need to know. Many real estate markets across the country are highly competitive right…

Industry survey: Mortgage rates keep climbing

Should I buy a home now, or wait until later in the year? Will I pay more if I postpone my purchase? These are perennial questions from home buyers nationwide. And a recent upsurge in mortgage rates has some buyers rushing to close on their loans, out of concern that rates could keep rising in…

Single-family home prices continue to rise, with Snohomish County at record high

New monthly home-sales data released this week showed Seattle’s median single-family-home price hit $777,000 in February, $20,000 more than the previous all-time high set just a month prior. On the Eastside, the median cost of a house was $950,000, or $12,000 more than the peak price from two months ago. That’s according to our online…

Sponsor spotlight: Superior Stone Manufacturing

We welcome our new sponsor, Lynnwood-based Superior Stone Manufacturing, now featured on our Home and Real Estate page. Superior Stone uses more cement and less fillers than its competitors, making it harder and less porous. Every stone and landscape item is handmade. Says the company: “These are truly works of art. We love being a…

New report: Seattle area hottest housing market in country for 2017

Seattle finished 2017 as the hottest housing market in the country for the entire year, and isn’t showing any signs of slowing down, our online news partner The Seattle Times reported Tuesday, Feb. 27. And even cheaper towns in Washington, from Wenatchee to Bellingham to Spokane, aren’t far behind on the list of regions with…

Explaining the different types of home inspections

Home inspections are a common source of confusion for first-time home buyers, because there are several different types of inspections that can take place. Here is an overview of the most common types of inspections you could encounter during the buying process. Primary Home Inspection When you hear people talk about a “home inspection,” they…

Pricing is key when selling a home

Do you plan to sell a home in 2018? If so, it’s time to start thinking about your asking price. Better yet, you could work with an experienced real estate agent to determine your list price. It’s one of our specialties. In this article, we’ll look at the reasons why it’s so important to price…

Mortgage rates hit highest level since December 2016

Are you thinking about buying a home in 2018? Are you on the fence about entering the real estate market? If so, you might want to consider buying sooner rather than later. Mortgage rates just rose again, and economists from Freddie Mac and other groups are predicting that they could rise gradually throughout 2018. During…

Harbor Buffet moving into former Old Country Buffet space on 44th Avenue West

Harbor Buffet is moving into the former Old Country Buffet space on 44th Avenue West near 200th Street Southwest. A sign is already posted over the door. Work is still underway in the building. According to Lynnwood community development director Paul Krauss, an opening date has not yet been announced for the new restaurant, but…