About Seattle's West Seattle

Photo taken by Sonny Kwan, with a Nikon D40X Realtor® with John L Scott Real Estate Seattle, WA, All information is believed to be accurate, but is not warranted in any way. Visit my website www.seattleidx.com to search all homes on the internet or contact me for a referral of a great agent in your area!

©2009 Sonny Kwan , All Rights Reserved

It is a wonderful thing to be able to say our inventory is low-

We must be doing something right with our thoughts and how we have handle our property management business to make this statement, but-it dawned on me when

I saw a show last night about fairies and you know- what I do believe.

In this world of so many untold truths, we have to smile and pick up ourselves and believe in what we are doing is right for all!

Thank you Seattle I am glad I can help!

Ricky D Sadler Broker- Senior Property Manager

RD House Real Estate & Property Management

206-728-6063

Always look for Fun In Your DAY! look @ the Grass CAR

I love trying out new restaurants and it's always good to find a great deal too. In this year's Urban Eats is a wonderful list of places to try out and one that I had the pleasure of checking out earlier this week during a client dinner is Ama Ama.

Located in West Seattle, this lovely place has a gorgeous interior with lots of chocolate colors and modern light fixtures. It was warm, inviting, and very hip. I could totally see this interior design easily fitting in to Belltown and here it was one block south of "the junction" of California and Alaska streets. The 3 for $30 menu had some great food options and we were not disappointed. I'll be back!

The time to buy a home is now. Never have sellers been more flexible or financial terms more favorable.

Lower mortgage rates

Right now 30-year fixed mortgages are lower than they've been in five years and as low as they've been at any time since 1973.¹ On Wednesday, December 10, rates hit 4.875%. Just four months ago rates were at 6.29%. The difference to you? Now you can either buy the home you've wanted while paying less than you planned or buy a higher-valued home for the same payment you originally budgeted.

Example 1: Four months ago a $320,000 loan would result in monthly payments of $1978.63 (not including taxes and insurance).² NOW that same loan amount would cost $1693.47, a savings to you of $285.16 a month.³

Example 2: Four months ago the $1978.63 payment would have bought you a $400,000 home (after a 20% down payment). Now that same payment will buy you a $467,000 home.⁴

¹Source: Freddie Mac. ² Assumes a down payment of 20% and a 30-year fixed rate. ³ Source: Landover Mortgage. ⁴ Source: Landover Mortgage.

There could not be a better time to purchase a home! Follow this hyperlink for more information on your options and information on why there could not be a better time to purchase a home.

You can obtain neighborhood and community profiles from our website, www.integrityteamrealty.com. If you would like market trend reports with information on current and historical prices by neighborhood or zip code, we will be glad to prepare those for you.

Contact your Integrity Team today! rickbutt@cbbain.com / 206.940.8384 damoncampbell@cbbain.com / 206.940.8728

It is easy to get all mixed up with the vocabulary swirling around the real estate market these days. Two very confusing terms being thrown around right now are short sales and distressed properties. While the two are similar and many times both are involved in the sale of a home, they are not the same thing.

Robopedia:

Short Sales - When a seller is selling a home and the proceeds of that home will not be enough to cover the loan amount that the seller owns on the home.

For example, If you refinanced your home for $500K last year and put your home up for sale for $480K, that sale is officially a short sale.

Distressed Property - A home where the seller is at least 30 days behind on a payment of a loan that used the property as collateral. This could be a home loan, home equity line of credit, construction loan, etc.

• So if someone has fallen behind on payments and is selling their home, but the proceeds from the sale will be enough to pay off all loans owing on the home, then it is a distressed homeowner situation but not a short sale.
• If a seller is selling their home and is current on the payments but the proceeds from the sale will not be enough to cover the loans owing on the home, then it is a short sale but not distressed.
• If a seller is at least 30 days behind on loan payments and the proceeds from the sale of the home will not cover the loan debt, then it is officially a short sale and a distressed homeowner.

The situation for a potential buyer is different in each situation and the pitfalls can be significant. Be sure to get some good advice before attempting to buy a property in any of the above situations. They can offer some of the best deals in the market, but also come with some extra baggage. The world of real estate is in a rapid state of change at the moment and this stuff isn't even clear to many agents.

Give me a call if you need help.