How to Avoid Borrowing More Than You Can Afford When Buying a House in Shoreline, WA.

Buying your first home can be an exciting and nerve-wracking experience. You not only have to find the right place, but you also have to find the right mortgage. With low inventory in many local markets and rising home prices nationwide, finding an affordable home can be a challenge. When preparing to purchase a home, itโ€™s easy to get caught up in the excitement and lose sight of practical financial matters. To help keep you on the solid fiscal ground while looking for your next home, letโ€™s look at how to avoid borrowing more than you can afford when buying a house in Shoreline.

What You Need to Know About Contingencies When Buying or Selling a House in Shoreline, WA.

A contingency is the part of a purchase/sales agreement that spells out specific actions or conditions that must be met in order for the contract to become legal and binding and so take actual effect. There will most likely be a number of contingencies to consider. These are written into the purchase agreement or contract. This important document will most likely define a certain amount of time between the signing of the contract, and the closing of the deal. This time period will allow both you and the seller to satisfy all of the contingencies built into the agreement for the home.

Photo Hacks to Help Your House Sell Faster in Shoreline, WA.

A house hunterโ€™s first view of your property is often online, and if the photos accompanying your homeโ€™s listing donโ€™t impress, you probably wonโ€™t get a second chance to lure in that potential buyer โ€” meaning your real estate photos are valuable assets when it comes to selling your home. These are what make them want to come and finally view your home in person. So you must get the best listing photos you possibly can, especially if you want to sell fast and at a better price. With that in mind, we offer these photo hacks to help you sell faster in Shoreline.

For the Seattle House Hackers: Developing an ADU Property in Renton, WA (or Seattle Area)

I have a client who's from Microsoft who is young and ambitious. He doesn't want his first house to be just an expensive place to live, he wants it to be an investment. So he came to me with a plan for developing an ADU. One of the strategies he had in mind to launch his investing journey was developing a single family home into a property with an accessory dwelling unit - like a separate apartment in the basement.