In the previous articles we introduced this ‘Now What Do I Do?’ series, and discussed Option 1 – Sit Tight and Option 2 – Loan Modification.
Now what if you really can’t make your mortgage payment? Not even reduced ones. Lost your job or got injured…. Savings running out…. This is tough stuff. But a lot of people [...]
Posts under ‘Greater Seattle’
My Mortgage is Underwater. Now What Do I Do? . . . Option 3 – Short Sale
My Mortgage is Underwater. Now What Do I Do? . . . Option 2 – Loan Modification
In the previous article we introduced this ‘Now What Do I Do?’ series, and discussed Option 1 – Sit Tight. That works if you can still afford the mortgage. If you can’t, we need to go to Option 2 – Loan Modification.
Banks and other mortgage lenders may be willing to consider a loan modification if [...]
My Mortgage is Underwater. Now What Do I Do? . . . Option 1 – Sit Tight
This new real estate ‘technical’ term underwater is getting quite a bit of press lately, and unfortunately it applies to a lot of us. What it means is “my house is no longer worth as much as I owe on it.” It means your equity is gone, and it also means that you can’t easily [...]
March ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our Greater Seattle residential real estate market is continuing to look solid on a price basis, and is sneaking up on a whole year at essentially the same stable price level. However, the hopeful blip in condominium prices last month didn’t hold up, and condo median prices are back to their December level - [...]
Predicting the Housing Market Recovery
When people ask me “How soon are home prices around here going to recover?”, I have been saying that I don’t think they will really start to ‘recover’ for at least 3 to 4 years.
The question usually comes from someone who wants to sell, but is having a hard time dealing with the fact that [...]
February ’10 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue / King County Area
Real Estate Market Overview
Our Greater Seattle real estate market is continuing to look solid on a price basis, and continues to show the usual seasonal inventory patterns through the beginning months of the year. The level of Closed Sales, i.e. purchase transactions completed, continues to be seasonally strong. Closed sales levels for single family homes [...]
The Move-Up, Downsize, Move-Around Tax Credit
Thinking of moving? If you are or recently have been a homeowner, this $6,500 tax credit is for you.
Many people are now aware of the First-Time Homebuyer Tax Credit. Not nearly as many are aware of the similar tax credit for current and previous homeowners.
The tax credit, $6,500, is paid back to you through the [...]
Reiling’s Real Estate Market Report – 2010 – The Year Ahead
2010 – The Year Ahead
Our greater Seattle-Bellevue real estate market is really in a state of flux right now, with lots of opposing forces trying to push parts of it around. In the Market Overview section below I will try to show what those opposing forces are, and then in a following series of posts [...]
The Holiday Effect on the Real Estate Market
Every year we hear people talking about the holiday season slowdown in the real estate market, and asking questions like “Is it a good time to buy?” and “Is it a good time to sell?” So I decided to take a look and see how strong the effect is in our Greater Seattle-Bellevue market, and [...]
November ‘09 – Reiling’s Real Estate Market Report – Greater Seattle / Bellevue Area
Bellevue Greater-Seattle Redmond Kirkland