Yesterday I received the following question from a reader thinking about buying a short sale: My husband and I are interested in buying a home in the Snoqualmie Ridge neighborhood. Many/most of the homes (In our price range) appear to be short sales. Do you have any suggestions or tips when attempting to purchase a…
Tag: short sales
Bank-Owned Sales Edged Up in September
The share of single-family home sales in King County that were bank-owned edged up slightly in September, increasing to 7.5% of sales. It’s a good bet that due to seasonality this number will continue to rise through the end of the year and into the first couple months of 2013. I doubt we’ll get back…
Bank-Owned Sales Fall to Lowest Point Since April ’09
The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO. This number peaked at 22.8% in February of this year and has been plummeting ever since. Meanwhile, the share of each month’s sales that were short…
Underwater? Pros and Cons of Trying a Short Sale
Seattle Bubble regular Kary Krismer recently wrote a pair of posts drawing on his legal and real estate experience to give a relatively unbiased look at the factors to consider when you’re thinking about whether you should or shouldn’t try a short sale if you’re underwater and want to get out of your home. On…
A Look at WA SB 6337 “Protecting Short Sale Sellers”
A word from The Tim: This post is from long-time Seattle Bubble participant Jillayne Schlicke, real estate educator through her company CE Forward. Jillayne keeps a close watch on legislative issues, and agreed to write up this in-depth analysis of SB 6337 for the readers here. Thanks, Jillayne! Senate Bill 6337 was recently introduced in…