There has been lots of chatter regarding financing for home purchases as well as changes in a Purchase Agreement that affects any aspect of buyer’s loan which in turn affects closing. Amy Benedetti of Vitek Mortgage (206-459-5747 or abenedetti.teamvitek.com) has generously agreed to discuss this matter in further detail.
Peter of Fairway Mortgage shared a program that allows for a non rush 15 day closing. In this day and age of competition for nice homes, this helps bridge the gap for all cash offers.
This information comes via Rosa Briggs of American Pacific Mortgage and felt it was important enough to share…”I wanted to get this news to you right away! Currently those buyers with a prior short sale can buy again in 2 years using a Conventional loan with 20% down.
This is changing, effective August 16th (guidelines change by Fannie Mae). The waiting period after a short sale will be increased to 4 years, unless they qualify under the extenuating circumstance guideline.
I know I have clients this will affect as I’m sure you do too. So between now & August 16th is the sweet spot to buy. (Note: loan application must be made prior to 8/16, but can close after 8/16)
There are some other changes but this one will have the most affect right now! “
“I first met Sandy several years ago when the realtor handling my condo short sale decided to retire, and passed me along to Sandy. I was uncomfortable with the idea of working with someone I didn’t know, especially on such an personal situation (losing my job and having to sell my first home).
I couldn’t have been in better hands. Sandy navigated the difficulties of a short sale professionally and reliably, and the outcome was positive. Over the years that followed, Sandy always stayed in contact and remained interested in my family and our activities. When it was time to start looking for a house again, Sandy was ready to devote time, thought and attention to our search for the perfect house.
He was prompt at answering calls and texts, and was always willing to work at odd hours when time was of the essence. We closed on our perfect family home last month, and are grateful to Sandy for his knowledge base, as well as his helpful personality, that made it possible for us to get everything we wanted. We highly recommend him to anyone looking for a real estate professional!”
About a 3 hour drive from Sammamish is a kept secret by those living in Eastern Washington.
Wide open spaces with the Yakima & Columbia Rivers meandering through, it’s an easy place to call home. Photo courtesy of Theresa Marty Clary
When talking ants, most people think of carpenter ants.
Here I’m with Jesse Longman of Inspections By Jesse to discuss his finding of moisture ants. If caught early, you can usually head off the problem by eliminating the thriving environment of moisture ants.
This time of year (as well as spring time) reveals an issue common to so many lots in the area…poor drainage, saturated lawns etc… In this instance, the engineer from Bodine Construction saw the drain system and basically gives his two bits on the issue and what should be done. I was somewhat surprised as he spoke that it wasn’t about Bodine Construction saying something to get a job.
You may come across a situation when purchasing an older home that certain situations do not meet current code requirements but met them when the house was built. Here is a situation regarding stair rails. This stair rail met code when it was installed but according to today standards do not because of changes to code. In this instance, this is not considered a defect. Any request for change would be to improve. I am always available to answer any questions you may have.
Certain sides of a house or anything in particular receive the brunt of the punishment of the weather. Here in Western WA, it seems to be primarily Southern & Western exposure. The combination of the sun, wind, rain, and varying degrees can wreak havoc on wood. I am here at an inspection with an inspector and former builder who gives a good tidbit on how to address a weather battered side of a house or deck made of wood.