Residential Real Estate in SW Washington State

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Archives for February 2017

SOLD! — Affordable Country Living

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SOLD! Full price, one day! This one took some time to bring to market, but the seller did all the prep work I suggested and then, once it was ready, it SOLD FAST! Thanks for letting me help!

18204 SE 346th Street
Auburn, WA 98092

It’s unusual to find a home of this size on land that’s affordable and conveniently located near golf courses, shopping, and commuting. Just 20 minutes to Costco & Covington shopping, 5 minutes or so to Lake Holm & Washington National golf courses, you’ll love coming home to your own little slice of the country.

With its outstanding floor plan, the home features living, dining & family rooms, along with three huge bedrooms and two full baths. The home has been recently refreshed for sale including new paint, carpets, counters, furnace, heat pump and more.

Bisected by a gully with seasonal creek, the front portion of the property includes all of the living spaces, patio, deck, pergola, oversized garage with office, RV parking. The back section is large enough for animals — truly a beautiful piece of property!

Click following photo to activate Virtual Tour:

 

Do You Know the Real Cost of Renting vs. Buying?

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Some Highlights:

  • Historically, the choice between renting or buying a home has been a close decision.
  • Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious.
  • Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

The Great News About Rising Prices for Homeowners

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Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

The Great News About Rising Prices for Homeowners | Simplifying The Market

 

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity in their homes and themselves, not in depreciating assets.

The added equity is helping families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let’s get together to discuss your options!