Edgewood, WA Real Estate Blog

Tantra at Calculated Risk has posted another excellent article titled Risk Based Pricing for UberNerds.
This is an in depth article not designed for the casual reader – but a “must-read” for a buyer who wants to gain more than a superficial understanding of loan pricing.
I’m a big fan of Tantra. I highly recommend the [...]

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If I had my way, I’d have every one of my buyer clients seeking a home loan read a couple of books. Notwithstanding that my clients pay me for advice, counsel, and education, it would be difficult for me to provide the in-depth background knowledge you can get if you’re willing to go back [...]

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I posted the following comment to a post at The Tacoma News Tribune Open House blog.
I see a number of problems with the presidents plan.
There were some 6 million (your numbers show 7.5 million- the variance could be the fuzzy distinction/inclusion of alt-a w/subprime loans) people with no money and poor credit who purchased homes [...]

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Almost every purchase and sale agreement today includes a home inspection contingency.  They are often improperly used.
Why not negotiate the repair items you’re aware of as part of the initial purchase and sale agreement? Often times I’ve seen buyer’s agents wait until the inspection report comes back before negotiating repairs they know are needed.
That’s poor [...]

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New home builders like to close as soon as possible. That’s when they get paid. As the closing date nears, chances are they’ve drawn as much as their lender will allow prior to closing. Most builders make periodic draws from their lender based upon construction progress. Once a final occupancy permit [...]

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I’ve reviewed hundreds of purchase and sale agreements.
Some good, some not so good. Helping new agents was part of what I did as assistant manager at my former company. I didn’t expect new agents to be experts at drafting contracts at first. When they needed to write a clause addressing a particular [...]

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I found it in the fine print of the boilerplate.
Representing a buyer client purchasing a new home, we’d drafted a purchase and sale agreement from standard MLS (multiple listing service) forms. Then came time to scrutinize the builder’s “standard” addendum.
Ever notice how many new home builders seem to have disjointed addenda? They don’t [...]

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Statistics for July for Edgewood and surrounding cities have just been updated.

Number of Active listings: King & Pierce County
Number of Active listings: Edgewood, Milton, Sumner, NE Tacoma, & Federal Way WA

Number of Sold listings: King & Pierce Count, WA
Number of Sold listings: Edgewood, Milton, Sumner, NE Tacoma & Federal Way WA

Average days on market: [...]

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