All Blog Entries by George Beasley

Found 5 blog entries published by George Beasley.

We work with many buyers in the Seattle market and here are the most common questions regularly asked by Seattle home buyers:

Q: Will I be able to buy a house in this market?

A: I think this question comes from many reports on just how tight the Seattle real estate market is and how difficult it is for some buyers to make a home purchase due to the increasing competition amongst buyers. The short answer is: Yes, you will be able to buy a home in this market, that is if you look at the market realistically and do what is necessary. The key is to be Market Ready. I see frustrations come from buyers that try to bend the market to their will, this simply will not work. You must bend to the will of the market or you simply will not be able to buy a

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By Melissa Holt, Cardinal Financial

With the different terminology floating around it is difficult to decipher exactly what type of a loan approval you have.  And why does it matter?  Imagine you are fully packed, the moving truck will arrive in 2 days and you’ve got the vision of your new life dancing in your head.  Suddenly you receive a phone call from your lender stating that you are no longer approved for a home loan.  Now what?  

How do you protect your dream?  How do you give the seller confidence that your financing will not fall apart?  How do you negotiate better so your offer stands out amongst the competition?  It’s easy!

The key is to understand the process and know what to ask for.  In the typical pre-approval process, the loan

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We've been working with many buyers lately and the subject of Earnest Money keeps coming up and I find myself often describing what it is and how it works. So I thought I would take a minute to share this information, as you too might want a better understanding of earnest money in a real estate transaction.

What is earnest money?

According to the dictionary, earnest money is: money paid to confirm a contract. Essentially in a real estate purchase, earnest money is a deposit that is presented with an offer to purchase a home.  It tells the seller that you are committed to the purchase, and it helps fund your down payment. If you reach mutual agreement to purchase the home, your earnest money will be deposited in escrow and ultimately be used as part

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Over the last several years I've personally helped many buyers purchase a home in the Seattle Real Estate market. I quickly learned how important it is for Seattle home buyers to be market ready. This is a level of preparation and mental readiness that puts you in a position to be successful. I thought I would share the highlights to help you understand how to be prepared to buy in a competitive market:

Financing: First and foremost whether you're buying a Seattle home, townhouse or condo, you must have a solid financial plan. This means a clear understanding of what you can afford, your amount of down payment, and getting a fully underwritten mortgage approval. A simple pre-approval is nice, but a fully underwritten approval makes you much stronger as

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The good news is that if you're considering selling a home in 2018, it's likely to be a great experience. The bad news is that if you're looking to buy a home in 2018, there may be some challenges. According to the Emerging Trends in Real Estate 2018 report Seattle takes the top spot in 2018. This is likely due to the continued growth in Amazon and many other tech companies in the Seattle area.

Here's the list of the top 10:

 

  1. Seattle, Washington
  2. Austin, Texas
  3. Salt Lake City, Utah
  4. Raleigh/Durham, North Carolina
  5. Dallas/Fort Worth, Texas
  6. Fort Lauderdale, Florida
  7. Los Angeles, California
  8. San Jose, California
  9. Nashville, Tennessee
  10. Boston, Massachusetts

If you're looking to buy a home this may concern you, but with the

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