homes.wenatcheeworld.com
North Central Washington
Homefinder’s WEEKEND
WEEK OF SEPT. 8TH
People & Places Welcome... Pamela Cooke has joined Laura Mounter Real Estate & Co. as a Broker/Realtor. She and her husband also own a local general construction company, BOA Construction.
You Should Know Before Buying a Home Author: Diane Greene
1.
Before you start looking for a home, get pre-qualified for a loan. Banks, credit unions, and mortgage bankers make home loans; mortgage brokers process loans through a variety of lenders. The lenders will take an application, process the loan documents, and see the loan through to the funding stage.
2.
If you have marginal or bad credit, consult your lender. You may be able to qualify for a loan depending on how long ago and what reason(s) caused the bad credit.
3.
You will need a down-payment. Down-payment requirements vary depending on the type of loan. Many down-payment assistance programs exist. These programs may loan or grant you the funds necessary for the down-payment. Consult with a lender about programs available in your area.
4.
You will need funds for closing costs. Closing costs are charges for services related to the closing of your real estate transaction. They include, but are not limited to: Escrow fees, title policy issuance fees, mortgage insurance fees, fire, flood, and homeowners insurance, county recorder fees, & loan origination fees. Consult your lender for an actual estimate of these costs.
5.
Some loans have “points” and some do not. A point is a loan origination fee equivalent to 1% of the loan amount. Together with the interest rate, they constitute the yield on your loan for the lender.
Rhett Crow, Managing Broker, sells real estate with a 100% commitment to his clients. Rhett is currently one of the Top Producing Brokers in the entire Lake Chelan MLS.
6.
Mortgage rates can be fixed or adjustable. Which one is right for you depends on whether mortgage rates are at a high or a low point when you purchase, and on how long you plan to live in the home.
Rhett has earned the prestigious Coldwell Banker award as a member of the International President’s Circle, putting him in the Top 2% of sales brokers in the world. And is now in the Elite group of Coldwell Banker Previews Certiied Agents, which specialize in listing and selling luxury real estate.
7.
There are two main types of loan categories. Conventional Loans. Conventional mortgage loans are available with fixed or adjustable interest rates. Government Loans. These include FHA fixed and adjustable rate mortgage loans, and VA fixed rate mortgage loans.
Rhett prides himself in being extremely knowledgeable of the Chelan inventory and market, with a great grasp on property values all over the area.
8.
If you are a low-to-moderate-income homebuyer, there are special programs designed to help you. These loans are available through private lenders, as well as local and state housing agencies.
9.
You may have to pay mortgage insurance. Mortgage insurance protects the lender from potential loss if you should default on your mortgage loan payment. Mortgage insurance is always required on FHA mortgage loans.
10.
Many organizations offer home loan counseling to prospective homebuyers. They will cover home selection, realtor services, lenders, loan programs, homeownership responsibilities, saving for a downpayment, and other important pieces of information.
RESERVE YOUR SPACE TODAY! Contact: Tom
Realtor’s Corner 10 Things
Nees
Pamela Cooke
509-860-2091 nees@wenatcheeworld.com
Talk To Tom About OPEN HOUSES AGENT FINDER FEATURED LISTINGS REALTOR SPOTLIGHT REALTOR’S CORNER
Congratulations to RHETT CROW, for being COLDWELL BANKER LCP’s Top Sales Agent for the Month of August! 101 E. Woodin Ave Chelan, WA 509.682.7777
Top Sales Agent
If you are thinking of selling or buying in the Lake Chelan Valley.... Contact Rhett Crow for all your Real Estate needs: 509.714.7118 | www.RhettCrow.com | Rhett@RhettCrow.com
AUGUST
www.coldwellbankerchelan.com
Top 2% Internationally of ALL BROKERS - Coldwell Banker 2010, 2011
Monthly home sales in the Wenatchee area Year to date totals Jul. 2012 = 544 Jul. 2011 = 431
Average sales price YTD Jul. 2012 = $242,847 Jul. 2011 = $246,832
Median* sales price YTD Jul. 2012 = $207,750 Jul. 2011 = $213,000
* Median price denotes that half of the houses were priced greater than the median price, half were lower
100
1 S. Chelan St., Wenatchee •
80
Dollar volume homes sold YTD
60
$150,000,000 $120,000,000
40
$90,000,000 $60,000,000 $30,000,000 $0
JUL 2010
JUL 2011
20
JUL 2012
Source: Pacific Appraisal Associates
’10 ’11 ’12
’10 ’11 ’12
’10 ’11 ’12
’10 ’11 ’12
’10 ’11 ’12
’10 ’11 ’12
FEB
MAR
APR
MAY
JUN
JUL
0
(Figures include home and condo sales)
Coldwell Banker LaVigne
Featured
Agents
1 S.1 Chelan St., Wenatchee • 509-888-8887 S. Chelan St., Wenatchee • 888-8887
Cynthia Huffer • 679-5675 • ColdwellBankerLaVigne.com ”
People are “Our Business”
741-2548 Cell Office: (509) 888-3950
gary@premierone.biz Cell 509-679-4132 garymullenrealestate.com
Bringing Buyers & Sellers Together Anne Conway Broker Associate
R E A L E S TAT E
885-0845 Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave. This Office independently Owned & Operated
My Real Estate business is going to the dogs! (and cats too) I donate a portion of my commissions to the Wenatchee Valley Humane Society.
Jerry Paine
heidi@premierone.biz
Over 21 Years of Real Estate expertise partnered with the National Exposure of !
Melissa Kiser 509.668.8800 Melissa@MelissaKiser.com
Windermere Real Estate/NCW
Search Every Wenatchee Real Estate Listing at www.NCWhomes.com
www.wenatcheepremierhomes.com Stephen Office: 662-3491 Bishop fax: 664-3897
679-7004
509-860-7696 • ncwrealestate.com Call me for all your real estate needs.
~ Buying or selling...together we can unlock your dreams! ~ ~17 years marketing & ~ Buying or selling...together w ~ new construction experience
Sharon Moreland
670-0075