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Windermere Group One Main Office

490 Bradley Blvd Richland, WA, 99352
Office: 509-946-1188

Windermere Group One Southridge Office

3617 Plaza Way Suite A Kennewick, WA, 99338
Office: 509-737-1141

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Buying a Home

Found 15 blog entries about Buying a Home.

You’ve decided its time to start looking for a home, but where do you start? The home buying process should be a fun and exciting time in your life, not an overwhelming and stressful process. Below is our ten-step buyer process to help ensure you find the perfect house, with as little stress and hassle as possible. If you have any questions during your home buying journey, as many people do, we are always happy to answer them.

 

Step 1. Get your favorite Realtor involved right from the beginning.

Yes, we are a real estate brokerage with 70+ Realtors representing us, so of course this would be our first step, right? Well yes, but all biases aside, there are many advantages in getting a Realtor involved sooner versus later. In Tri-cities, we

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Tri-Cities Windermere Realtors Now we all know that as realtors we help people buy or sell a home. We provide professional opinions based on the market climate, prepare and handle the transaction documents, and provide overall peace of mind during one of the largest transactions in most people's lives.    But what makes a REALTOR®?   According to the National Association of Realtors, the term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. This Code of Ethics is a split up into 17 detailed articles that describe a REALTORS duties to clients and customers, the public, and to other REALTORS.   Today at our Sales…
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The June 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the June 2017 market activity vs. the same time period in 2016.

  • Active Inventory was down to 564 units this year compared to 652 in May 2016
  • Closed home sales were up slightly at 429 units this year compared to last year's closed sales at 402
  • Average sales prices this year are up 7.3% compared to June 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report June 2017.

 Tri-Cities Insider Report June 2017

Real Estate statistics were published

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The May 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the May 2017 market activity vs. the same time period in 2016.

  • Active Inventory was down to 470 units this year compared to 583 in May 2016
  • Closed home sales were down slightly at 392 units this year compared to last year's closed sales at 413
  • Average sales prices this year are up 5.5% compared to May 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report May 2017.

 Tri-Cities Insider Report May 2017

Real Estate statistics were published

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The April 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the April 2017 market activity vs. the same time period in 2016.

  • Active Inventory was down to 441 units this year compared to 542 in April 2016
  • Closed home sales were nearly the same at 351 this year compared to last year's closed sales at 367
  • Average sales prices this year are up 8.9% compared to April 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report April 2017.

 Tri-Cities Insider Report April 2017

Real Estate statistics were

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The March 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the March 2017 market activity vs. the same time period in 2016.

  • Active Inventory was down to 392 units this year compared to 513 in March 2016
  • Closed home sales were nearly the same at 356 this year compared to last year's closed sales at 361
  • Average sales prices this year are up 13% compared to March 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report March 2017.

 Tri-Cities Insider for February 2017

Real Estate statistics were

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The February 2017 edition of the Tri-Cities Insider provides an update on the local Tri-Cities real estate market, including inventory of active homes for sale, months of inventory, total homes sold and the average sales price.

The information below offers a comparison of the February 2017 market activity vs. February 2016.

  • Active Inventory was down to 386 units this year compared to 526 in February 2016
  • Closed home sales were slightly lower at 214 this year compared to last year's closed sales at 257
  • Average sales prices this year are up 5.3% compared to February 2016

For a more in-depth analysis, download our full Tri-Cities Insider Report February 2017.

 Tri-Cities Insider for February 2017

Real Estate statistics were

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Mortgage interest rates impact on home values

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.

The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand.

In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as the force they think will have the most significant impact on U.S. housing in 2017. If rising rates slow

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Do You Know the Real Cost of Renting vs. Buying?

Some Highlights:

Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median-priced home today (30%), vs. the percentage needed to buy a median-priced home (15%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you could use your housing costs to own a home of your own!

Renting a home vs buying

Contact us if you have any questions about the real estate market or are interested in learning more about home ownership.

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