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This question was posted on LinkedIn this week: “On average, what do you think the present value of the average home in Eastern Washington has declined?”
The answer depends on many different factors, the biggest of which is when you purchased your home. In Spokane County, values peaked in mid-2007 when the average home price was ...
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We talk to a lot of Spokane homeowners who have questions about selling their home and what it takes to do a "short sale". In order for your mortgage holder to approve a sale for less than what is owed, they will first try to determine if your situation fits their criteria. If you can answer yes, yes, yes and no to the following ...
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In many of our recent home sales, we find that the current tax-assessed value is significantly higher than the current fair market value. (What a surprise!) With declining market values, it is not uncommon for assessed values to be $40,000 or more higher than today's actual market value.
If you believe this is true in your case, you may want ...
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Does the Obama Health Care Plan include a Real Estate Sales Tax?
There have been quite a few emails and social media posts in circulation on this topic. Although everyone is entitled to their opinion about the new heath care plan, the story that is being promoted about a new real estate sales tax on all home sales is misleading and ...
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As LeRoy and I were returning from the Exit Realty National Convention in Dallas, we saw something that really touched us. Our flight back to Spokane was via Salt Lake City, and as we came down the jet bridge to the gate, suddenly a swarm of little kids, each dressed in army uniforms, came charging at the soldier who was walking just ahead ...
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We are very excited to announce that we have partnered with an excellent program called “Homes for Heroes”. As the exclusive affiliates in Spokane County, we have agreed to provide a rebate of 25% of the gross commission to local "Heroes" who are buying or selling a home.
Workforce heroes include but are not limited to ...
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We were recently presented with the “Real Estate Online Marketing Award of Excellence” from REALTOR.com®. The Award of Excellence recognizes top agents who consistently provide great marketing services on behalf of their buyers and sellers. We received the excellence award at a recent real estate marketing and technology ...
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Last November, Congress extended a tax credit of up to $8,000 for first-time homebuyers and authorized a new credit of up to $6,500 for existing homeowners who purchase another home.First-time buyers and existing homeowners have until April 30, 2010 to take advantage of the credit, offered as part of President Barack Obama's economic ...
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By now you know that home values have taken a dip in Spokane. So the million dollar question is: Will prices go lower? When will prices rebound? No one has a crystal ball, and much will depend on our employment rate and the number of foreclosures hitting our market.
A recent CNN Money article predicted home prices nationally could fall ...
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