Why NOW is the Best Time to Sell Your Home

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Between there being little inventory available in Anacortes and its surrounding areas and rising prices and interest rates, buyers often waste little time looking and want to purchase a home fast.

A recent profile of home buyers and sellers by the National Association of Realtors (NAR) indicates that homes are selling in about four weeks and for roughly 98% of the listing price, despite prices being about 6% higher.

If you are considering selling your house in the near future, contact us today for a complimentary and no-obligation market analysis of your property.

Jean Groesbeck & Assoc. LLC proudly serves the counties of Skagit, Island, Whatcom and San Juan and Team Groesbeck is available daily at (360) 941-3734, Jean@JeanGroesbeck.com, or stop by our office is located in Old Town Anacortes at 809 7th St.

5 Things to Avoid When Applying for a Home Loan

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When applying for a home loan, many buyers are unaware that there are things they should avoid as to not impact their credit report.  Here are five things applicants should avoid:

 

  • Postpone purchasing major items such as a new vehicle, furniture, or appliances.¬† If the new purchases increase the amount of debt you owe each month, it is possible to be disqualified from the loan altogether or for available funding to be cut.¬† Your real estate agent can provide more information.
  • Avoid moving assets between bank accounts.¬† Transferring funds could complicate the application process and if something appears out of the ordinary, you must disclose and document the source of funds for each deposit.
  • Avoid changing jobs.¬† A new job may involve a probation period or a change in compensation, and most commissions or bonuses must be averaged over a two year period with the same employer to qualify.
  • Avoid consolidating bills before speaking with your lender.¬† The loan officer can advise you if this needs to be done, or if it is possible to consolidate simultaneously with the loan closing date.
  • Avoid packing or shipping information needed for the loan application.¬† Do not pack documents such as W-2 forms, tax returns, divorce decrees or anything you may need to finalize things with your lender as duplicates can take weeks to obtain, potentially stalling the closing date.

With all of your real estate needs in Anacortes, Skagit County and Island County, please call Jean Groesbeck & Assoc. at (360) 941-3734 or by email at Jean@JeanGroesbeck.com.