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 84 blog entries published by Jared Tadique.

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Rising Home Prices, Affordability, and Perspective

APR 22

As many parts of the country have seen home prices rebound from market lows in 2012 and early 2013, many buyers may be questioning if the rise in prices suggests another “housing bubble”, if current home values are sustainable and how current home prices and interest rates affect affordability.  In light of events that occurred in the real estate market, particularly from 2007 to 2012, these are valid questions, especially in those parts of the country that may have seen both the greatest appreciation rates at one time, only to be followed by equally large, or in some cases even greater, reductions in property values.

We have observed that many recent media reports are

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During the process of buying or selling a home, our clients often learn about recommended or required repairs and upgrades. This can happen as a result of the home inspection as well as our expert knowledge of your market and comparable homes. Of course, the first thing homeowners or potential homeowners want to know is, "How much will that cost?"

The Cascade Team is pleased to offer our Residential Construction and Remodeling Estimates cost guide, which provides estimated cost ranges for repair and/or replacement of the major systems and components in a home. It also includes general guidelines for the life expectancies of those systems. This information can help your clients make informed decisions when they're considering home repairs or

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JUST NAME YOUR PURCHASE PRICE & AREA

WHAT WOULD YOU CONSIDER BUYING A NEW HOME FOR?

Sign up to receive an alert if a seller is interested. We have sellers out there looking and we may just have a seller with a home you would be interested in. All it takes is 30 seconds to fill out the form below. To learn more about what we offer our home buyer clients, CLICK HERE.

Name the price you would be willing pay for a home.

We'll contact you if we have an interested seller.

You can purchase your new home with no hassle.

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JUST NAME YOUR HOME'S SELLING PRICE

WHAT WOULD YOU CONSIDER SELLING YOUR HOME FOR? 

Sign up to receive an alert if a buyer is interested.  We have many buyers out there looking and with a lack of inventory, we may just have a buyer for your home.  All it takes is 30 seconds to fill out the form below. To learn more about what we offer our home seller clients, CLICK HERE.

Name the price you would be willing to sell for.

We'll contact you if we have an interested buyer.

You can sell your home with no  hassle.

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Henbart_big.jpg

BALLARD—Henbart LLC announced Tuesday their development plans for a mixed-use development located at NW 56th and 22nd Avenue in Ballard. The project will be a six and five story, highly mixed-use site with two companion buildings featuring 80 apartments, 4 townhomes that front Ballard Commons Park, approximately 21K sf. of loft-style office space and 21K sf. of retail along 22nd Avenue. [Henberg]

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Credit Scores: Mortgage Lenders Ease Requirements

According to a report prepared by Ellie Mae, a mortgage technology company, the average FICO credit score for approved mortgage loans dropped to 727 in December 2013. It was 748 a year earlier.

The average credit score for home loans backed by Fannie Mae and Freddie Mac also dropped a little; December 2013 borrowers had an average credit score of 756, down from December 2012′s average of 761.

Refinance mortgages backed by Fannie Mae or Freddie Mac were approved with an average credit score of 729 in December 2013; this was a significant drop from the average credit score of 763 in December 2012.

Only 46 percent of mortgage applicants approved had credit scores above 750 in December 2013 while

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  • Pending Home Sales drop 6.5%
  • Eastside Sales Drop more than 16%
  • Brokers report:  “severe shortage of homes for sale”

NOW is the time to list your home for maximum pricing and multiple offers. A recent listing by The Cascade Team Real Estate in Sammamish received nine offers in only 4 days with escalations pushing the price some $40,000 over list price. Other members of The Cascade Team are reporting multiple offers on almost every listing and fierce competition for available homes due to lack of inventory. Click here for a FREE on-Line Home Value Report.

 KIRKLAND, Wash. (March 5, 2014) – Northwest Multiple Listing Service brokers reported 507 fewer pending sales during February than the same month in 2013, but members believe the

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Buying costs less than renting in all 100 large U.S. metros, according to the Rent vs. Buy Report from Trulia (TRLA).

Rising mortgage rates and home prices have narrowed the gap between renting and buying, though rates have recently dropped and price gains are slowing.

Low mortgage rates have kept homeownership from becoming more expensive than renting. In some markets, like San Francisco and Seattle, rents have risen sharply; rising rents hurt affordability relative to incomes, but rising rents make buying look cheaper in comparison.

Trulia says that at a 30-year fixed rate of 4.5%, buying is 38% cheaper than renting nationally, versus being 44% cheaper at the start of 2013.

(While renting is more expensive, only half of potential homebuyers

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- U.S. negative equity rate falls to 19.4 percent of all homeowners with a mortgage in Q4 2013.

- 3.9 million U.S. homeowners freed in 2013, 9.8 million homeowners remain underwater.

- Las Vegas, Atlanta & Orlando have highest negative equity rates; San Jose, Austin & Houston have lowest rates.

- Slowing home value appreciation, diminished foreclosure activity among factors that could contribute to a slowdown in negative equity improvement.

 

SEATTLE, Feb. 28, 2014 /PRNewswire/ -- The national negative equity rate ended 2013 below 20 percent for the first time in yearsi, dipping to 19.4 percent of all homeowners with a mortgage, according to the fourth quarter Zillow® Negative Equity Reportii. Nationally, more than 9.8 million homeowners

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