All Blog Entries by Jared Tadique

Jared Tadique is a real estate broker in the north Seattle area. Specifically specializing in, but not limited to the Ballard, Blue Ridge, North beach, Olympic Manor, Crown Hill, Greenwood, and Broadview neighborhoods. Jared has a background in residential remodel construction and assisted living. Strives everyday to provide Simply Outrageous Service to his clients.

There are currently 122 blog entries published by Jared Tadique.

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Seems to me like "they" are always saying this. But, rates cant' stay low forever right? Especially with the market the way it is right now. 

    photo by: ?siebe © via Flickr

 

Consider this a gift to home buyers: Mortgage interest rates dipped to 3.78% this week, just in time for the spring housing market.

For people who are in the process of buying a house, our best advice is to lock in your rate now. “This is the last call before the bar closes at these historically low levels,” said Jonathan Smoke, chief economist at realtor.com®.

Currently, rates are low, but they are expected to rise. On Wednesday the Federal Reserve issued its first warning that rates will increase in the near term, because the economy has stabilized. The Fed has been propping up

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    photo: 401kcalculator.org

 

There’s an imbalance in the housing market, and it’s driving prices higher. In most parts of the country, home prices and rents are rising, leaving many potential buyers in a housing quandary.

Homeowners have been slow to put their properties up for sale, causing prices to grow faster than supply. Existing-home sales increased 4.7% year over year, according to the report released on Monday by the National Association of Realtors®. As of February, the median home price had risen 7.5%, to $202,600, from February 2014, marking the 36th consecutive month of price gains.

While higher prices may be good for homeowners, they’re less so for prospective buyers. Nearly 38% of home shoppers say their No. 1 impediment to

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One subdivision application and one subdivision approval make up today’s development update from the City of Seattle’s Department of Planning and Development (DPD) as posted in the Land Use Information Bulletin.

Applications:

6731 14th Ave NW

MapForNotice19197

A Land Use Application has been submitted to subdivide one development site into 4 unit lots. The construction of residential units is under Project #6408755. This subdivision of property is only for the purpose of allowing sale or lease of the unit lots. Development standards will be applied to the original parcel and not to each of the new unit lots.

Decision:

1719 NW 64th St

A Land Use Application has been approved to subdivide one development site into two unit lots. The construction of

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It's Crazy Out There!!

 

An Open House Got Shut Down by the Cops

The real estate market is starting to get really, really weird.

Recently, an open house was actually shut down by the police after more than 100 people showed up in just 45 minutes, according to a recent article by CNBC.

Channing Real Estate agent Catherine Luther told the publication that she got “shut down,” the first time that’s ever happened to her after 30 years in the business.

The open house took place on a Saturday in suburban Belmont, which is in the Boston, Massachusetts area.

[See the latest mortgage rates from dozens of lenders, updated daily.]

After less than an hour, the sheer number of attendees was enough to block the street, prompting neighbors to call the police.

Of course, after

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Yes. Yes. Yes. What an awesome idea! Beer garden anyone?

 

lighterside-staff-authorBy Lighter Side Staff  |  Read More

 

Backyard sheds are a dime a dozen. Most of them are useful for lawnmowers, tools, or perhaps your hubby’s smelly old high school sports paraphernalia. However, there’s a growing trend of pub-sheds that not only allow you to calm your nerves after a hard day’s work, but to do so in style from your very own back yard.

So even if your budget doesn’t allow for a hidden swimming pool or a $2 Million Backyard Paradise, you can now have a fun backyard project to look forward to.

Have your guests relax on the swivel stools as you serve them in style.

Via Reader Sheds

This one has enough room for a hammock, just in case you need to crash

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Mortgage Rates Can Move Very Quickly

If the past six weeks has taught us anything, it’s that mortgage rates can and will move very quickly. And often in the wrong direction…yep, up, not down.

The same goes with gas prices, which were actually below $2 a gallon in the Los Angeles area in mid-January (yeah, I couldn’t believe it either), but have since risen back to around $3.50 for a gallon of economy.

The best part about these price swings is how complacent we all get. All of a sudden everyone’s driving a Hummer and splurging on premium.

When interest rates were low, a lot of borrowers were floating or thinking about letting now expensive locks expire.

[See the latest mortgage rates from dozens of lenders, updated daily.]

Unfortunately, there’s not much we can do

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Early Spring Brings Bumper Crop of Homebuyers Who Face Inventory Drought  

Brokers around the Northwest MLS service area are clamoring for listings:

  1. "Hopefully, more potential sellers will seize this market window of opportunity as a good time to sell before the regional real estate market does finally start to level out and take a breath; which it will eventually." -- Gary O’Leyar, Berkshire Hathaway HomeService Signature Properties.
  2. "We desperately need inventory. Potential sellers of all shapes, sizes, price ranges and locations should be contacting their brokers and jumping off the proverbial fence." -- Diedre Haines, Coldwell Banker Bain.
  3. "Sellers haven’t experienced a market this favorable since those frothy days (of 10 years
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Selling a home is a seller's market is far different from selling a home in a buyer's market. If you are wondering about our current market, then let me assure you: It is indeed a fabulous time to sell! Not only will your days on market be remarkably fewer in a sellers’ market, but you might receive multiple offers, which could drive up the sales price.

It's generally a good idea to take advantage of pent-up demand because it's the demand that drives competition. The larger number of buyers for your home ought to increase the odds you'll make more money. Some homes, especially those referred to as unique homes, meaning homes that can be difficult to sell in any real estate market, will generally stand a better chance of selling as well in a

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Is this fantastic news for low capital prospective home buyers, or is it a precursor for repeating history?

Whichever it is, if you're not buying because of low funds, you may want to jump all over this. Depending on those pesky details of course.

Talk about no skin in the game! 0 down and they pay closing costs! 

 

BBVA Compass Launches No Down Payment Mortgage

Sure, Fannie and Freddie now allow LTVs as high as 97%, and the FHA only requires 3.5% down, but why stop there?

Today, BBVA Compass announced the launch of its “Home Ownership Made Easier” (HOME) loan program, which allows borrowers to snag 100% financing on a home purchase.

The bank is offering the new product as part of its pledge to put $11 billion to work to help low- and moderate-income individuals realize

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 One subdivision application and one subdivision approval make up today’s development update from the City of Seattle’s Department of Planning and Development (DPD) as posted in the Land Use Information Bulletin.

Application:

2641 NW 63rd St

MapForNotice19005

A Land Use Application has been submitted to subdivide one development site into four unit lots. The construction of residential units is under Project #6398082. This subdivision of property is only for the purpose of allowing sale or lease of the unit lots. Development standards will be applied to the original parcel and not to each of the new unit lots

Decision:

2003 NW 60th St

A Land Use Application has been approved to subdivide one development site into two unit lots. The construction of

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