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Conventional vs. Jumbo Loans 🙋🏻♀️
The current max loan amount for a conventional loan is just over $977k. If you need more, you’ll be looking at jumbo loan. We work with a lot of jumbo buyers and we’ve seen so many different scenarios! If you have questions about the buying process, mortgages and appraisals … we have answers! ☎️ we’re just a phone call away!
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Happy Home Owners Month! 🎉
Take it from your friendly realtor: this is the moment to have your AC filters changed, make sure your HVAC has service, seal that deck or your favorite wood surface when it’s dry and do those paint touchups you’ve been waiting for! June is a great month to do some maintenance around the house as we dry out! Need more tips?! Ring bell for service! 🛎️
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I have the opportunity to meet all kinds of people who are new to the area and in need of recommendations of the best places to eat and explore. To learn how you can be in our next spotlight video, send me a DM! We would love to connect!
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Here are 5️⃣ Tips Buyers need to know BEFORE buying that no one ever tells you‼️
Buyers know what features they’re looking for in a home, but there are other things to take into consideration when it comes to resale value and overall affordability down the line.
What is one thing you wish someone had told you before you bought your 🏡 ?
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I’m honored to again be included in the Real Trends America’s Best + Tom Ferry Real Estate Professionals America’s Best List! Over 27,500 U.S. real estate sales associates from every state are featured in America’s Best. Those ranked are among the top 1.5% of 1.6 million real estate professionals in the United States!
Here are a few notable stats:
#Washington started 2022 with a total of 3,535 single-family homes on the market, with a median home price of $593,500 and an average price per square foot of $355. By the end of the year, inventory had increased to 10,091 homes on the market (+185%), with a median home price of $609,900 (+2%) and an average price per square foot of $354 (+0%).
At the start of 2022, the median days on market (DOM) was 49 days – by the end of the year, median DOM had increased to 77 days.
Washington started the year with 18% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 41% of Washington homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Washington started 2022 as a strong seller’s market, with an MAI score of 57; by the end of the year, the MAI had dropped to 38 – a slight seller’s advantage.
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