Seattle Market
This is funding from the state that helps cover your minimum required down payment
What is DPA? Down Payment Assistance?
0 to 3.5% is the minimum for first time home buyers.
What is down payment?
The average down payment among first-time buyers in Washington is around 6% to 7% of the purchase price.
Professional is typically hired to inspect a home for potential issues before purchase
What is Home Inspector
Do on to others as you want done to yourself
What is the Golden Rule?
This Seattle Transit boasts being ready to open 25 additional stations by 2024 to connect people to Tacoma’s Hilltop neighborhood, Mercer Island, Bellevue, Redmond, Lynnwood and Federal Way.
What is Link Light Rail Station
A bank that ONLY specializes in mortgages and can offer 100's of styles of loans
What is a Mortgage Bank?
This inspection makes sure the connective lines under the house are clear of any issues
What is SEWER Inspection
The number one rule of real estate
What is LOCATION, LOCATION, LOCATION?
Amazon, Boeing, Microsoft Starbucks
Ai and Space companies are in consistent growth currently
The ratio that is commonly used by lenders to assess a borrower's ability to repay a mortgage
What is DEBT TO INCOME?
The term for the process of estimating the value of a property
What is appraisal?
A style of earning equity by fixing up a home or modernizing
What is sweat equity?
What is low inventory? Or What is inventory Issues?
This number can go as low as 580 without restrictions of buying
What is Credit Score
Local government charge is based on the assessed value of a property and used to fund public services
What is Property Taxes
The best time to buy
What is yesterday?
Although we believe the best time to buy is when you are ready.
This is the most expensive zip code in Seattle
What is 98112? (aka Madison Park)
If you make an income of less than $164,000 a year, you may qualify for this?
What is First Time Home Buyer Programs?
This is paid to a community non profit that may cover water sewage garbage and insurance.
What is HOA dues?
The idea that the less you invest the higher % of return can come from your home investment
What is Higher CASH ON CASH?