How fast can you save for a down payment?

I hear so often that people are waiting to buy a home because they want to save more down payment!  It’s such a valid reason to wait….but how realistic is it.  How much are you planning on saving and will it actually save you money when buying a home?  In this current market in the Eastside and Seattle areas, with home prices increasing monthly and the looming threat of interest rates increasing, waiting to save a few thousand dollars won’t make a huge dent.

For every 1% interest rates go up, you lose buying power by 10%.  If you were qualified to buy a $550,000 home — with an interest rate increase of 1% that home now will cost $665,000.

The link below is a great article about how many years it will take to save  10% down payment.  In Washington it’s over 5 years!   If you rent, just think of how much you would have saved in rent.  Well over 10% down on a $550,000 home.

http://www.simplifyingthemarket.com/en/2017/04/24/how-fast-can-you-save-for-a-down-payment/?a=235353-59b0a8668c3d63df0866176f944802e8

Posted on April 24, 2017 at 6:57 pm
Denise Perkins | Category: Uncategorized

Buying Power

Check out this great article and chart that depicts what increase in interest rates and the climb of home prices can do to you buying power.  This also speaks to sellers as well.   If you wait to sell, you're limiting the number of buyers that are able to buy your home.  So if you're on the fence to buy or sell be sure to act sooner rather than later. 

http://goo.gl/vYwMrk

 

Posted on August 13, 2015 at 1:39 pm
Denise Perkins | Category: Uncategorized

Mariners Are Back — Click Here to win tickets!

Seattle Mariners

To celebrate the beginning what we all hope will be a Fabulous Mariners season — let us reflect what we love about baseball!  It's a contest to win some tickets to a game this season.   Here's what you could win!!

  1. A pair of Club Level tickets (some restrictions apply); and
  2. $25 Starbucks gift card.

Want to play? Here’s how:

Simply leave a comment below about your favorite thing about baseball season between now and May 5th at 12noon (PST).  Whether it’s a favorite baseball moment, memory,  favorite player —I want to hear about it. One entry per person please.  A random drawing will be done of all names of those that write a comment!

Good luck!!

 

 

 

 

Posted on April 21, 2015 at 11:30 pm
Denise Perkins | Category: Uncategorized

March Market Review

This is a great snapshot of what's going many neighborhoods. And it's good news…..Market Prices are up and Market Time is down. 

Posted on April 13, 2015 at 7:29 pm
Denise Perkins | Category: Uncategorized

When is the best time to sell?

If you are considering selling your house and aren't sure when to do it consider this…..Buyers are looking to live in your neighborhood NOW, Today!  Currently buyers that are looking to live in many of the great neighborhoods in Greater Seattle and Eastside and can’t find much to buy.

I’ve had conversations with clients who are going to sell in 2015.  Several commented that they thought summer would be the best time.  It’s a common misconception that can cost Seller’s thousands of dollars.

The chart shows how many home receive offers each month in our area.  Things actually peak in May and trend down after that. Selling in early Spring will give you access to more buyers than waiting until Summer.  Interestingly, most of the price appreciation also happens in the first 6 months of the year.  Want to maxizmize your sale price — consider selling sooner than later!

 

Posted on April 2, 2015 at 12:55 pm
Denise Perkins | Category: Uncategorized

American Dream is alive and well

Yes, home ownership is still the American Dream.  And while it may appear to still be difficult to purhcase a home, many of our goals still point to homeownership.  See more…

 

 

 

Posted on March 10, 2015 at 10:05 pm
Denise Perkins | Category: Uncategorized

2014 Tax Tips

Posted on February 4, 2015 at 12:25 am
Denise Perkins | Category: Uncategorized

November Newsletter

  
Windermere

 

 

Market Watch

Denise Perkins       Results Driven Real Estate
 
Denise Perkins
Denise Perkins
Windermere Real Estate/NW Inc.
214 East Galer St., Ste. 300
Seattle, WA  98102
206-448-6000
206-300-9416 direct
  
Like me on Facebook
Tools/ Quick Links / Promotions
Non-Profits in need of our help this year (Of course I hope you participate in my charity drive — but if you're looking for more or something different to do; below are some places to which we can always lend a helping hand.)
Hopelink — during the Holidays they are really in need of gifts for Teens!

 

 

Page Ahead — literacy program for kids.  Looking for NEW books year round.

Wellspring Family Services — offering a Holiday Toy room for homeless families, the public is invited to bring unwrapped toys, grocery and gift cards to their open house on December 3.

Overlake Service League
Looking for volunteers at the Christmas distribution center. Packing all those donations up for delivery! Fun!

Treehouse for Kids — Exists to help foster kids in King County by providing them the little extras that make childhood memorable for all the right reasons.

There are many, many more and hopefully you can find your favorite place to give this year.

You may find some of these links useful….
Financial Calculators
Walkscore
Great Schools
Parcel Viewer

 

 

'Tis the Season — our chance to give back
 

It's here! The crazy holiday season is upon us. Like me, I'm sure you get busy with decorating, eating, parties, shopping, eating, and  celebrating with friends and family — which involves more eating.  Another thing I make sure to take time for is to give back to those less fortunate than my family.  

 

I am putting together a two-part Holiday donation program to make it easy for you to help, too!   

 

Part One — November Food Drive:  Non-perishable food collection to donate to Hopelink.  Beginning November 24 (until November 27)  I will pick up non-perishable food left on your front porch (or other designated location) to deliver to Hopelink.  

 

Part Two — December Book Drive: NEW children's book collection for Page Ahead — children's literacy program.  Beginning December 16 (until December 19) I will be picking up NEW books left on your front porch (or other designated location) to deliver to Page Ahead.  

I want to participate! There are a few ways you can let me know you will be participating; 1) "LIKE" me on facebook and shoot me a message of your involvement; 2) send me an email; 3) call me! (206)300-9416

 

 

Look for my November & December SNAIL MAILER (yes — in your mail box)  for more details AND as a reminder of this food and book donation extravaganza!  Not sure I have your mailing address? —  email me here

 

 

  
Worth a Look — Housing & Lending info
  
It's still a great time to sell AND buy.  Here is some good information that may answers those questions for you. 

 

Why you should sell your house now!   

 

Keeping your house in Tip-Top shape — whether you are going to sell in the next 6 months or 10 years from now, staying ahead of regular maintenance will always help you (and your sanity) in the long run. 
 
Fall has arrived and the chill of winter isn't far behind…
Here are 15 tips to maximize your home's efficiency during the cold months and protect your investment.
 
So you want to buy a fixer-upper
In Western Washington's Real Estate market, buying a fixer can be much more affordable and doable if there is a certain neighborhood you want to live in. This article provides some valuable information — from an appraisal and lender perspective —  to consider when thinking about taking this on. Check it out!
 

Sold in less than a month — with multiple offers
South Bellevue

                               

Sold Price:$500,650
Bedrooms:  5
Baths: 2.5
Sq.ft: 2600
Wondering if you should sell your home? Now is a great time.  Interest rates are still low — there many qualified buyers shopping without enough homes to buy! 

 

 

If you have any questions about this, please contact me so I can explain in detail how you could see results now.  I can conduct a comparative market analysis of your home to see what you could potentially sell it for. 

 

 
 
 

 

Posted on November 14, 2013 at 9:33 pm
Denise Perkins | Category: Uncategorized

Your Home’s New Years Resolution

Keep Current on Regular Home Maintenance

One of the most important things you can do as a homeowner is to make sure routine maintenance is part of your plan. Catching problems early can often help you avoid larger issues down the road. What is now a minor plumbing or roof leak can cause major problems if not detected and fixed immediately. Check around your home for cracked or peeling paint, have chimneys and fireplaces inspected and cleaned, and make sure the driveway and walkways are not cracked or lifting.

 

Update your home inventory for insurance purposes:

If you're like many homeowners, it's probably been a while since you've reviewed your home insurance policy and reassessed the value of your home's contents. An updated home inventory of your possessions can help you determine if you have the proper type and amount of insurance. Your insurance company may make forms available to help you organize and record your inventory, and there are several home inventory software programs available. You also can download a free program from www.knowyourstuff.org. Should you have an insurance claim for property loss or damage, your inventory can help make the process and accurate valuation easier.

 

Audit Home for Energy Savings:

There are simple things that every homeowner can do to improved energy efficiency and save on utility bills. Switching from conventional light bulbs to compact fluorescent versions wherever possible saves money and makes things easier for you, too. For example, you will need to replace bulbs in awkward places less often. Make sure windows and doors are caulked and in good repair; this will save energy in both winter and summer. If you're planning to replace any appliances this year, shop for and compare efficient, energy-saving models.

 

Create a Fire Safety Plan for your Family

Everyone knows the importance of having a plan in place should a fire occur in your home. But each year, tragedy strikes homes and families who didn't think about it or who promised to make a plan "one of these days". The basics include working and properly installed smoke detectors, fire extinguishers, and an escape plan for every room. Your local fire department is an excellent resource for directions on creating a plan designed to keep you and your loved ones safe. Give yourself some peace of mind by making this the year to put that plan in place.
 

Information provided by

Randy Kneram, Pillar to Post

425-788-7781
randy.kneram@pillartopost.com

Posted on March 4, 2013 at 8:03 pm
Denise Perkins | Category: Helpful Home Tips