Reader Question: Does my “backup offer” have any hope?

A reader wrote in with this frustrating story: We just found a home we really like, but they accepted another offer literately hours before ours was submitted. We like this place enough that we’ve put in a backup offer. In the meantime, we’re still looking for another place. My question is this, what kind of […]

Reader Question: Short Sale Buying Tips?

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 […]

Reader Question: What’s your listing agent’s job?

Here’s a question for the group from Ray (of 500 Realty), who shares an anecdote of a buyer who had their own agent asking for assistance from a listing agent to see a home when their agent was unavailable: The buyer asked for assistance in seeing his listing because his agent was elsewhere. He reminded […]

Reader Question: Sudden Surge of Foreclosure Notices?

I received this question from a reader last week: We live in a rental house which has been in various phases of the foreclosure process for over 5 years (landlord died in 2007 after taking max cash-out refi’s on all 10 of his properties). Trustee sale dates for the house we are in have been […]

Reader Question: “Do You Recommend Doing Flips?”

I recently received the following question from a reader: Do you recommend doing flips in the Seattle metropolitan area? I did a flip in the San Francisco Bay Area (where I’m from) and made $59K profit. I’m thinking Seattle may also be a good market as well given Boeing and Microsoft as main employers attracting […]

Reader Question: What’s the Deal With HARP 2.0?

I received the following email from a reader asking about the federal government’s Home Affordable Refinance Program (HARP) earlier this week: I have been looking into the HARP 2.0 program to refinance my home. I qualify according to program guidelines, but find it hard to shop interest rates and find lenders that deal honestly with […]

Reader Question: Where did all the inventory go?

I received this question via email from a reader a few weeks ago: I’ve got to ask this because it seems nobody else is asking. We know that just 3-4 years ago there was a surplus of homes on the market. We also know that in the last 3-4 years home sales have remained relatively […]