How Does a Real Estate Closing Work?

With the roll out of TRID, we are being strongly ‘warned’ that the days of 15 and 30 day real estate closings are a thing of the past for the foreseeable future.

How Will This Change My Real Estate Closing?

Real Estate ClosingWith a whole batch of new forms, disclosures and procedures getting put in place, the ‘learning curve’ in all this demands that every real estate transaction set a closing date of no sooner than 45 days from the moment of mutual acceptance. What that means simply is an additional 2 weeks to wait before you get to move into or out of your house. In more complex terms, there are more ‘hoops you need to jump through’ in order to get to your real estate closing.

So, What is a Real Estate Closing?

For most, it’s a very common term and often tossed around as standard vernacular with all real estate terms. But, what is a closing and what goes into it?

Certainly, first time buyers are curious as anyone but really, if you are in a real estate transaction for the first time or you’ve bought or sold a home but it’s been a while, this can be a confusing time with lots of questions.

First step in any real estate closing is to first have a good Escrow professional working on your transaction. In the state of Washington, we handle all our real estate closings through Escrow. Put simply, Escrow is a third party responsible to watch over the funds and/or documents and then pay out the funds and/or transfer the title only when all requirements of the escrow have been completed.

Once all documents are sent from the buyers lender to Escrow, they get busy ‘working up the paperwork’ for both the buyer and the seller to sign. These docs are a whole litany of items from conveyance of deed to promise to insurance policies!

After both parties have signed all the necessary instructions and documents, the escrow officer will return the buyer’s loan documents to the lender for final review. After the review is completed, the lender is ready to fund the buyer’s loan and informs the escrow officer.

At this point, we are on the cusp of your real estate closing.

The true point of a real estate transaction closing is determined by 2 very important terms:

  1. The Deed is Recorded
  2. Funds are available to the seller

These to points must be met to have a true real estate closing.

If you have any other questions about the closing process or how TRID is going to affect your current or future real estate transaction, please do not hesitate to contact me for helpful real estate info and friendly advise.


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Changes Coming to Real Estate Closings…GET READY!

What is TRIDStarting next week…October 3rd to be exact, (Yes, I know that’s a Saturday) a whole slough of new rules, regulations and disclosures will be rolling out intended to give the real estate consumer more protection and safeguard them against smooth closings and easy real estate transactions a bunch of bad stuff.

So, What is TRID?

TRID stands for TILA-RESPA Integrated Disclosure. And just for clarity, TILA stands for the Truth in Lending Act and RESPA stands for Real Estate Settlement Procedures Act and the CFPB…Geez, another government acronym…Consumer Protection Protection Bureau  has determined these 2 acts need to be consolidated into one  easier for the consumers to understand procedure that is going to throw every home buyer and seller for a loop!

Why is this Happening?

Essentially, this is a consumer protection movement due in (very) large part to what caused the real estate meltdown of 2008! Predatory lenders and the under qualified buyers getting loans they knew could never get repaid!

Also, consolidation of some forms including doing away with standards like the HUD-1 Settlement form.

Here are some noticeable changes you can certainly expect with the new TRID changes:

  • 45 days (or longer) to close
  • Lots of extra paperwork for the buyers during the loan application process
  • Increased scrutiny in the appraisal process
  • New disclosures and waiting periods

I have a number of lenders who I work with who are all very good at what they do so if you are thinking of buying or selling after October 3rd, I would strongly encourage you to contact me so I can get you in touch with one of these outstanding professionals. They are the authority on all this and have been trained on the new forms and procedures going into effect starting next Saturday!


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Beware of BIG CHANGES coming to How You Buy a House!

I always say, “It’s never too early to plan for the future”.

It's Never too late to be earlySound kinda corny but being forewarned is being forearmed and the changes that are coming to how you buy a house will have a broad and lasting effect on everyone interested in buying or selling a house starting August 1st of this year!

For those of you thinking of buying or selling a home later this Summer, please listen up! The good ole days of simply reviewing the HUD-1 settlement form and getting a Good Faith Estimate (GFE) from the lender are about to come to a screeching halt. In less than 2 months, those two forms are going away and everyone in the real estate industry needs to not only know and understand the new forms…but they have to be able to explain to their clients why their deal is now going to take a lot more time to close.

The Truth in Lending Act (TILA) disclosure form is going away, as well. The two new forms are designed to be more simple for the consumer use and understand: the Closing Disclosure and the Loan Estimate. I’ve posted links below if you want to learn more about these new forms. 

The way loans are closed are changing too.

The rule for escrow requires all forms to be ready 3 days prior to closing. My lender is telling me that in order to be sure everything is in order, buyers need to make certain all docs are ready seven days prior to closing, so when you go into the three-day period, no changes need to be made essentially starting that 3 day clock again. 

What this means is, you and the other settlement service providers, including the lender and title agent, are under the gun to get everything squared away earlier than you have to today. And the buyers and sellers have to be cooperative as well, because if last-minute changes are made, a new three-day waiting period kicks in, at least in some cases.

What does this mean for anyone looking to buy or sell right now?

 Basically, you have until August 1 so you better get a move on! In order to be one with the new forms and learn about the new closing procedures. I’ve attached a couple of links to get you on your way.

From the Consumer Financial Protection Bureau…or CFPB

http://www.consumerfinance.gov/regulatory-implementation/tila-respa/

From the American Land Title Association…or ALTA

http://www.alta.org/cfpb/

Why Is This Happening?

The CFPB’s goal in making these changes is to increase transparency for consumers. It’s been something in the works for sometime. The confusion for the consumer has led to numerous issues for some of my clients so I’ll be very interested how this all shakes out. One thing is for certain, loans will take longer to close as these new forms become an everyday part of our new real estate world…hold tight!

 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Your Simple Guide to Buying a Home

Before you get started, do some homework. This handy Buyers Guide to buying your home will show you some things to keep in mind as you are hunting for that home of your dreams.


[wpspoiler name=”How Much Can You Afford” ]How much house you can afford is largely dependent on how large a mortgage (basically, a home loan) you can handle.

Start your research by using a simple mortgage calculator to see whether you can afford to pay the monthly mortgage on the kinds of houses you have in mind. You may even apply for a mortgage at a lender before you start looking for a home. This is called getting pre-approved for a loan; it will tell you exactly how much you can afford and may make the closing process go faster.

But, remember that owning a home involves more than a monthly mortgage. You’ll also have to consider money you’ll need to have at hand when you make an offer, when you close on a home and on a monthly basis after the home is yours.

Payments you may have to make when you submit an offer and at closing include:

Earnest money, usually 1% to 5% of the cost of the house, which you pay as a deposit on the house when you submit your offer. It is your proof that you are a serious buyer

Down payment, usually 10% to 20% of the cost of the house, which you must pay at closing

Mortgage insurance, paid by borrowers making a down payment of less than 20% Closing costs, usually 3% to 4% of the cost of the house, to pay for processing all the paperwork

Don’t forget the day-to-day expenses you may incur once you own that home.

This includes:

  • Utilities
  • Homeowner or condo association dues
  • Property taxes
  • City and/or County taxes

Apply to the old rule – You don’t want to be house rich but pocket poor!
[/wpspoiler][wpspoiler name=”Shop for a Home” ]House hunting can be both exciting and frustrating. Most home buyers see roughly 15 houses before buying one. To make the search easier and faster, nearly half of all house hunters today begin by browsing for properties on the Internet, using web sites like this one.

The internet is a quick way to see whether the houses that are currently available meet the following critical criteria: in the right location, with the right features and at the right price. If you find after your internet search that few properties meet with your expectations, you may want to readjust your criteria change the location, features, price to increase your chances of finding a house that works for you. If you have any difficulties in this initial search, feel free to contact me for assistance. Homes can become available instantly and your agent is always the most current resource for literally up to the minute new home listing information.

Once you know what you want, where you want it and what you can afford, its time to see the houses for yourself. To help stay focused, bring with you a checklist of things that you’ve decided ahead of time are important qualities of your future home.

This might include:

  • Is there enough room for you to grow in?
  • Is the house structurally sound?
  • Is the house in move-in condition or will it need work?
  • Is it close enough to everyday needs, such as grocery stores, schools, work?
  • Will you feel safe here?
  • Do the appliances that are part of the sale work?
  • Is the yard right for your needs?
  • Do you like the floor plan?
  • Is there enough storage?
  • Will you be happy in this house in winter, summer, spring, fall?
  • You may also want to take some exterior and interior photos of each house you visit so that you can keep track of its pros and cons.

You certainly want to be happy with your new home but try not to get paralysis through analysis…
[/wpspoiler][wpspoiler name=”Find a Real Estate Professional” ]While you’re not required to use a real estate professional, it is a good idea.

A professional has access to a network of contacts and can draw from extensive market knowledge to help pinpoint the right house for you quickly.

A professional also can help you structure your deal to save money, explain the advantages and disadvantages of different types of mortgages and guide you through the paperwork.

And best of all, our professional services are at no cost to you![/wpspoiler][wpspoiler name=”Research Different Mortgages” ]There are a variety of mortgage types available today, each with advantages and disadvantages depending on how long you plan to live in the home, the financial marketplace and your income potential, among other things.

A fixed-rate mortgage is the most common. In a fixed-rate mortgage, your interest rate and payment stay the same for the life of the loan. An adjustable-rate mortgage usually starts out at lower interest rates and lower monthly payments than fixed-rate mortgages, but your rate and monthly payments may rise and fall based on a financial index.

There are also several government mortgage programs available, including FHA mortgages, which are designed to help people who might not otherwise qualify for a loan.

You may also have a choice in loan terms. There are 30-year loans and 15-year loans.[/wpspoiler][wpspoiler name=”Making an Offer” ]When you’ve found a house you really want, its time to make the offer. How much you offer may depend on a number of factors:

  • Is the asking price fair? Here’s where the legwork you put in while shopping for a home pays off. Decide whether this house is priced right or out of line in the current marketplace.
  • Is the house in good condition? Is this house in move-in condition or will it need a lot of work? Take any costs of improvement into consideration when deciding your offer price.
  • Has it been on the market long? Usually the longer a house has been on the market, the more likely it is the owner would accept a lower offer. Or maybe its just overpriced for the market.
  • Is it a sellers’ or buyers’ market? If the houses you’re interested in are being bought as soon as they’re listed, that means you’ve got a lot of competition from other buyers; offer accordingly. If houses aren’t selling fast, you may have more leverage in negotiating a lower price.

Once you’ve determined how much you’d like to offer, work with your real estate professional to submit the proper information. This includes:

  • A complete, legal description of the house
  • The amount of earnest money you’re paying
  • The down payment and financing details A proposed move-in date
  • The price you’re offering
  • A proposed closing date
  • The length of time your offer is valid
  • Details of the deal

This can be just the beginning of the negotiation process. The seller has three options: accept your offer, counter your offer or reject your offer. Let your real estate professional advise you on the best way to present your offer for a good outcome. [/wpspoiler][wpspoiler name=”Begin Contingency Period” ]When your offer has been accepted, the contingency period begins. This is time that allows you to obtain financing, perform inspections and satisfy any other contingencies of your purchase agreement.

Obtaining financing might include loan approval, which will include an appraisal of the property. Also be prepared to make your down payment, which is usually due several days before the close of escrow.

Now is the time to schedule a professional inspection of the property; it is one of the best safeguards you can take before buying. A home inspector should check (and may give you a rough price for repairs on) the electrical system, plumbing and waste disposal, the water heater, insulation and ventilation, water source and quality, pests, foundation, doors, windows, ceilings, walls, floors and roof.

Keep in mind that the inspector isn’t there to tell you whether you’re getting a good deal. He or she is there to give you an educated and professional opinion on whether the house is structurally and mechanically sound and fill you in on any repairs that are needed.[/wpspoiler][wpspoiler name=”Buy Homeowners Insurance” ]A paid homeowners insurance policy is required at closing.

Often a real estate professional will help make sure your insurance company and your title officer are working together to put your policy in effect by the close of escrow.

But, if you get your insurance agent involved early in your home-buying process, he or she may also help point out ways to help keep your insurance premiums lower.[/wpspoiler][wpspoiler name=”Complete Settlement or Closing” ]When the property you’re buying has been inspected and you’ve had your final walk-through of the property to see that all contingency conditions such as final repairs made by the seller — have been met, its time to face the final paperwork.

You will be signing loan documents and closing papers, paying the balance of your down payment and closing costs.

This is the day you get the keys to your new home. Congratulations![/wpspoiler]


 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Are Your Home Buying Expectations Too High?

Fraught with just about every emotion under the sun, home buying can be easy…OR IT CAN BE HARD!

The Highs and Lows of Home Buying

Home BuyingI have a dear friend who has been known to say, “The anticipation of an event is often times greater than the event itself.” Which I’ve come to completely understand.

So often, the idea of buying a home, touring every weekend through open house after open house and even the idea of where to put ‘your’ sofa are wonderful feelings. It’s the expectation after a while that this home buying thing is a ton of fun and oh so carefree.

Those feelings are soon replaced with ‘tasks’ and ‘chores’ like trying to get all your documents together for your home loan, spending days running around trying to get offers and counteroffers signed around and dealing with inspection reports, deadlines and addenda’s!

The reason all this craziness is so…crazy is simply because you didn’t have THE TALK with your real estate broker.

Having THE TALK With You About Home Buying Expectations

If you’ve purchased, or sold for that matter, a home recently…you have at least one story to tell about your experience.

Every so often, I will hear one of my buyers say, “I wish I would have known that.” And, even a seller will say to me, “Our Agent never told us about this when we bought the house.”

It’s not enough to assume the buyer or seller who is entrusting their greatest financial asset knows what you know! In this Go-Go world, it’s important to take the time to understand the layers of “what-ifs” and “should of seen that coming” well before these things become an issue.

Spending the proper amount of time going over scenarios that may arise…because they have and I want you to know about them, is time very well spent. Letting your clients visualize an instance that may come up makes them forewarned and forearmed for what might happen during the transaction. The most important part of this process is when things go smoothly, your clients will attribute it to them having THE TALK more times than not.

Let’s put THE TALK in a Football context. Take the game between our beloved Seattle Seahawks and those poor Green Bay Packers for the 2014 NFC Championship. I’d say that was a game that many thought the Pack were going to win easily. I know some folks; die hard Seahawks fans, actually left the stadium after Russell Wilson threw his 4th interception.

Could anyone on the Packers sideline know what was about to happen in the last 4 minutes or so of that game…NO WAY! There isn’t a player on either team that will ever forget what happened at the end of that game. Yet, there wasn’t a single play that couldn’t have been defended differently had the Packers been better prepared. They let their expectations of going to the Super Bowl get in their way of preparing for the greatest comeback I’ve ever witnessed. OK, I’m getting carried away here.

Simply put, I’ll venture to bet that for as long as any member of the Green Bay Packers continue to play, they will always be forewarned and forearmed that ‘things happen’. And to go from the high’s of thinking you were going to the Super Bowl to the low’s of losing that and more…in less than 5 minutes.

My point is THE TALK is having a conversation about ‘things happening’. You don’t need to necessarily know what or how ‘things happen’ but that helps. No, it’s about helping the buyers take off their rose colored glasses to know this may not be as smooth as they had expected. I’m not talking about scaring you or being a pessimist. In fact, those who know me know I’m the eternal optimist! But, I’m also pragmatic and I think having all your ducks in a row doesn’t always prevent things from not going exactly to plan!

Expectations need to be established, understood and in some cases even tempered so a mole hill doesn’t turn into a mountain. THE TALK should always include ‘what-ifs’.

Home Buying is Fun When You Know the ‘What-ifs’

Take the time to interview your real estate broker and ask a lot of questions…I mean a lot!!! Find out what they know and don’t know. And be realistic that the experience may not always match the expectations and setting those expectations with goals and facts rather than hopes and dreams will always make the home buying process more fun. 

 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


Waiting to Buy a home in the Spring might cost ya!

Buying a house in 2015? Thinking about waiting until after the Winter months? Think again…

Why waiting to buy a home in the Spring instead of right now could be costly.

I was speaking with a client who is going to buy a home this year and she remarked that Spring is when she wants to start her search. I immediately asked her why Spring? Her response was, “The weather will be warmer and there will be more houses to look at.” I’ve heard this statement probably a bagillion times when I speak with home buyers around this time of the year. 

When I illustrated to her with more homes comes more buyers. She looked at me with a bit of concern. “What does that mean?” she said. Well, first off, more buyers mean more competition for that special home. Secondly, more buyers may mean higher prices and even bidding wars. Now she looked very concerned. I continued to explain that as the weather gets warmer, the idea to buy a home in the Spring gives home sellers the leverage when it comes to negotiating as more buyers compete for their homes.

Timing the market and trying to buy a home in the Spring can also bring higher interest rates!

Now I had her undivided attention! I then explained how most home buyers will already have their tax returns in hand and will also be looking to buy for the tax benefits to boot!

So, what does buying a home now vs. waiting to buy a home in the Spring really look like on paper?

I explained the tax benefits of being able to write off your interest on your mortgage as well as tax incentives of writing off repairs and other house related purchases. Next I helped her understand that building equity now while demand was still low means that the increase in value when Spring sprung would be money in her pocket that much earlier!

So you want to wait to buy a home in the Spring?

Long story short…we started our home search last week and  presented an offer on a beautiful house that only had a few showings and a very happy seller that gladly accepted all our conditions and even got it at below asking price! Not bad for less than a weeks worth of work and a great conversation!

 

 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


3 Things Every First Time Homebuyer Needs to Know

Are you a first time homebuyers? Have you wondered what it takes to really enjoy the home buying process? Let’s find out.

Even if you have bought or sold real estate in the past, many of the things that are the most stressful parts of a real estate purchase can be easily dismissed if you have the conversations you need to have…with the right people…and as early in the process as possible!

1. Property Taxes and Mortgage Insurance –

Many first time homebuyers are well prepared for what they know…and equally unprepared for what they don’t know!

Knowing how much house you can afford is largely dependent on how large a mortgage (basically, a home loan) you can handle. Bare in mind, most loan programs come with some added costs that some first time homebuyers don’t always take into consideration. 2 costs that tend to sneak up on a first time homebuyer is mortgage insurance and property taxes.

Mortgage Insurance* – This is typically required when down payments are below 20%. Rates can range from 0.32% to 1.20% of the principal of the loan per year based upon loan factors such as the percent of the loan insured, loan-to-value (LTV), fixed or variable, and credit score. 

*Wikipedia

Property Taxes – To ease the burden of writing 2 big fat checks each year for property taxes, some first time homebuyers will wrap this cost into their overall monthly payment by paying a portion of their yearly property tax bill with their mortgage. This can be set up through escrow and, depending on how much your property taxes are, can add a few hundred extra dollars to your monthly payment.

Start your research by using a simple mortgage calculator to see whether you can afford to pay the monthly mortgage on the kinds of houses you have in mind as well as these 2 extras I just mentioned. I’ve inserted a simple mortgage calculator so you can get an idea how they work

Mortgage Calculator

$
  %
  yrs
  %
$

Just remember, owning a home involves more than a monthly mortgage. Knowing this early and planning for it can certainly make for a smoother transaction!

What are some other costs first time homebuyers need to know?

Don’t forget the standard day-to-day expenses you’ll also incur once you own that home.

  • Utilities
  • Homeowner or condo association dues
  • General Maintenance

Apply the old rule – You don’t want to be house rich but pocket poor!

2. Inspection & Appraisal –
The cost first time homebuyers need to make to insure their largest investment is sound!

Most first time homebuyers know about the inspection and appraisal as a necessary part of the home buying process. What is not usually known is how much it costs.

In most instances, a first time homebuyer has to rely on friends, family or their real estate broker to help them find a qualified and knowledgable home inspector. Most home inspector will cost anywhere from a couple hundred dollars and up! However, if there is a need to have any additional inspections based on findings that are outside the scope of their home inspector, all of the sudden, the money starts jumping out of their pocket!

Some additional inspections that a first time homebuyer should be aware of:

  • Sewer and water main inspections – This service can be performed by a licensed plumber and may include a camera being sent down the sewer line to see if there are any blocking issues such as roots or cracks in the pipe.
  • Septic System Inspection – In most cases where the home is serviced by a septic system, the lender will require this as a condition of the loan however, no first time homebuyer wants this to be an issue after they take possession so it’s money well spent!
  • Well Water Inspection – Same as with the septic system…most lenders will make this a condition of the loan but you likely will incur the cost.

3. Home Inspections are not PASS or FAIL –

This is when the first time homebuyer gets to flex their negotiation muscle!

On an occasion, I will work with a first time homebuyer who is under the impression their home inspector is there to ‘check off’ on the house! I quickly help them understand that the inspection of the home is as much a vehicle to get any items fixed found during the inspection as it can be a negotiation tool to get a new price or even a potential sum of money to address any needed repairs that the seller can’t or won’t remedy. This is known as a ‘Hold Back’ and can be negotiated as part of the purchase and sale agreement.

An Educated First Time Homebuyer is a Smart First Time Homebuyer!

In every opportunity where I have helped educate and empower my first time homebuyer before we ever start looking at house, I almost always finding the home buying process less stressful, more positive and head and shoulders better…for all parties involved!

 


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate


3 Reasons to Buy a New Home before Christmas

Do you think it’s a good idea to buy a new home before Christmas?

Most of my clients eagerly await this time of the year because they realize this is a fantastic time to find great value and to get some amazing benefits to purchasing before the first of the year. If you are looking forward to the Holidays as a time to wind down and relax with friends and relatives, let me share with you 3 amazing reasons why you should consider the option to buy a new home before Christmas.

Don’t look now but the Holidays are right around the corner.

Of course we all know that the Holidays sneak up on us. It happens every year without fail! So, why in the world would you want to buy a new home before Christmas and add that to an already crazy time?

Isn’t Spring a more traditional time to buy a new home?

Before I go over the 3 reasons to buy a home before Christmas, let’s go over some of the reasons why waiting until Spring could be costly!

  1. More demand means less supply: As many of us know, the lower the supply, the more Sellers can ask for their homes. And with the March, April and May months generally seeing about 36% of the yearly sales, you could not only end up paying more but possibly getting into a bidding situation where you end up losing out on the house all together.
  2. Rates tend to go up as more buyers enter the marketplace: A simple rise of a quarter point can be enough for some to price them right out of the market. 
  3. Sellers are far less eager to negotiate with you: Besides the fact you may have to pay more for a home, sellers may stand firm on any requests for repairs or help with your closing costs. During the Holidays, if a house is on the market, often times sellers may be willing to concede quite a few items in order to get their home sold.

3 Awesome reasons to buy a new home before Christmas

  1. Tax deduction: Buying a house and closing before the end of the year may give you a much-appreciated tax deduction. You have a good chance to be able to subtract the interest component of the initial mortgage payment from that year’s taxable income. Speak to a qualified tax advisor to find out how mortgage interest deduction may be applicable to your circumstances.
  2. Easier/more flexible Closing: With fewer buyers taking advantage of this time of the year, closing agents are less burdened and have more time to facilitate your closing…and even come to you for signing.
  3. Get your new home all spruced up to enjoy Summer: If you’re like me, I can take forever to do all my spring and summer items I want done so I can enjoy my home. Now imagine how much less you can do if you wait until May or even June to move in. Add to that the possibility you may have fewer funds to do those things because you just bought the house? Instead, you’ve taken the entire Winter and early Spring to get your house in order and now you can sit back, relax and enjoy those lazy days…

If you start looking now, you can be in your new home by Christmas!

Taking into consideration the week or two it takes to home shop, add the 30 or so days it takes to close and you quickly realize if you don’t get on the ball, no matter how hard you try, you could miss out on all these benefits I listed above. Let’s talk about how I can help you or someone you know realize their dream of homeownership and still have time to gather the family for that much anticipated holiday feast.


Janet 
SimonsI am passionate about Real Estate and eager to answer all of your real estate questions! Text or Call me at 360-880-2356 or email me directly to ask about Buying, Selling or Investing in today's Real Estate Market - serving Lewis County & Thurston County, WA.

Janet Simons | Certified Residential Specialist | Real Estate Broker
Mountain Valley Real Estate