Saturday, February 22, 2014

Buying That First Home Round Two - Part 2

Hopefully you read the first article.  If not, you should.  There's a lot of good information there:

Do Your Own Research BEFORE Contacting a REALTOR

Assuming you've gotten this far, it's important you understand what you're up against in terms of what's out there.  Depending on your buying power, you may find lots of inventory or very little.  It really does depend on the metro, and in this current economy, a lot of homes are being taken by Chinese investors who are dropping 100% cash to buy the homes as an investment (and in some cases, to hide their income in another country).  What's left over is going to fit into a number of categories, and you should understand the differences.


Saturday, February 15, 2014

Buying That First Home Round Two - Part 1

Many may recall years ago (around 2008) I attempted to purchase a home in Oceanside, CA.  That home was a quant device that seemed as though it just was mistreated by the previous owners.  I didn't understand the process, and I trusted way too much.  I learned a lot of lessons about what not to do and swore never to make those same mistakes the next time I was "ready".

Since coming to Washington State I've realized that, though I'm working harder than I ever have before, the opportunity and net cost of living are dramatically different.  This year, as a New Years Resolution, I resolved to do two things: (A) graduate college and (B) buy a home.  Both are in progress (I told you about Western Governors University), but let me talk about (B), and let's see if I can help you.