SEATTLE EASTSIDE HOME BUYING ADVANTAGES
We specialize in assisting our clients purchase premier properties on Seattle’s Eastside. Our goal is to provide you with all the tools you will need for the arduous home buying process - and we are here to help you every step of the way. We understand that you probably have many questions and concerns when it comes to buying Seattle eastside real estate. Perhaps you have been driving around Bellevue, Snoqualmie, and North Bend – and you just can’t decide which neighborhood is right for you. You can trust in our experience and know that our number one priority is to match your wants and needs to the perfect home.
Below, we have listed some of the most significant home buying advantages experienced by our clients. Have a concern you don’t see covered below? Send us an email or give our office a call today!
Investment and Pride of Ownership
The main advantage of buying a home is that you are making an investment and building equity. You may also be qualified for a variety of tax breaks associated with purchasing a home. Home buyers also enjoy the freedom to paint the walls red and decorate however they choose – often not allowed in a rental.
Excellent Lending Rates
There’s no time like the present to make an appointment with your lender and get started on your loan process. To calculate your maximum loan amount, your mortgage lender will consider the following items:
- Debt-to-income ratio
- Credit history and payment patterns
- Other long-term loans: auto loans, student loans, consolidation loans, etc.
- Current monthly expenses
- Amount of available cash for down payment and closing costs
Knowing Your Wants & Needs
It’s important to spend a little time coming up with a list of your wants, needs, and must-haves when looking for your new home. Finding the perfect home is much easier to narrow down once you’ve established your wish list. We’ll do our best to match your home wish list to as many properties within your budget and desired location as possible. Here’s a list of factors we’ve seen on our clients’ wish lists:
- Commuting Method & Distance
- Access to Major Highways
- Shopping Centers
- Schools & Bus Routes
- Parks & Activities
- Church & Community Events
- Proximity to Medical Treatment Centers
House & Property Style
- New Construction vs older, established neighborhood
- Urban vs. Suburban
- Appealing Floor Plan
- Adequate Storage Space
- Yard Size, Fencing
- Sunlight, Shade, and Windows
Mechanics & Maintenance
- Remodeling Requirements or Desires
- Safety Issues
- Central Air
- Security System
- Gas Heat vs. Electric
Exploring the Possibilities
This is your time to explore! Plot out a few new neighborhoods and take a family drive. You might fall in love with a dozen homes before narrowing down your list to the one. This is where your wish list will come in handy, don’t stray from your wants, needs, and must-haves when it comes to choosing your future home. Take notes as you visit each neighborhood, and any houses you tour. Call us when you’re on to something, and we’ll take it from there! Click here to Explore the Eastside!
Home Inspectors are on Your Side
So you’ve found your dream home! Congratulations – but wait. Home inspection is a crucial part of the home buying process, so do not sign anything until you have checked this essential step off the list. Home inspection can uncover hidden problems and safety concerns previously unknown to even the seller. An experienced home inspector will thoroughly check for structure damage, electrical concerns, plumbing, mold, insulation, pest control, and more. If any repairs are needed, he’ll provide you with our professional recommendations.
Making an Offer – And Quick!
There’s no time to hem and haw in this seller’s market! You’re looking for the perfect home – so is everyone else! Working with an experienced real estate agent on Seattle’s eastside is absolutely critical in making a competitive and timely offer on the house of your dreams. Call us today, if you are even the slightest bit considering the purchase of a new home in the near future. This will save you time and tears when you do find a home worth making an offer. Determining your offer will depend on the following items:
- Comparative pricing in the area
- Condition of the home
- Length of time on the market
- Your financial pre-qualifications and amount of earnest money you have prepared (to show good faith when making an offer)
- Reason the current owner is selling
Financial Steps in Order
Unless you are making a cash offer or have already received loan approval, you can expect to wait up to 6 weeks or more for a recent home loan application to process. The closing date on your new home will not be assigned until your loan is approved. You’ll also need to be prepared for closing costs, which can include:
- First payments to cover loan fees, property taxes, mortgage interest, title and home owner’s insurance, etc.
- Attorney’s fees
- Escrow fees
- Permit and survey fees
- Loan discount points
Celebration Time – It’s Closing Day!
After the paperwork is complete and all money transfers are settled between the buyer and seller, you’ll sign the mortgage contract with the bank for your new home. The seller will present to you the signed deed or title to your new home. Now it’s official, here are the keys to your new home – Cheers, you did it!