The buyers are out! We are seeing that the overall market for homes priced under the Jumbo Loan limit of $417,000 has returned to a normal level. This attributed to a correction in the overall pricing of homes. This means that things are selling but only if the price has been reduced below the previous high values of 05 and 06. We are noticing that homes that are in good condition, good location, have good functionality and priced under $250,000 are moving very quickly on the North end of Whidbey Island. First time home buyers, which there are a lot of, are taking advantage of the recent $8,000 tax credit. The definition of a first time Home Buyer is anyone how has not owned a home in the last three years. Banks are very close to having a program in which the cash will be fronted as a bridge loan and can be applied directly to the down payment at closing. This is good news. Also the tax code reads that even if the client has not paid $8,000 in taxes the difference between the amounts paid to the Treasury and the $8,000 will be available to the client in the form of a refund. Take advantage of the gift from the American tax payers.  

      Just about everyone who has purchased their home in the last couple of years has experienced a decrease in the market value of their property. Unfortunately these slipping property values have made it increasingly difficult to move from one home to another when you need to without either bringing cash to the closing table or letting the property go back to the bank. We are offering a service for home owners who find themselves in a situation where the closing costs which include real estate commissions will hinder the sale of the home due to the lack of enough equity to close the sale without asking the bank to take less than what they are owed. CENTURY 21 Trophy in Oak Harbor is willing to help you avoid what is called a “Short Sale” by reducing the sales commission you will pay to a point that you will be able to reduce your asking price and hopefully sell your home without damage to your credit or having to come up with money to cover closing costs. We are temporarily willing to list your home for a small flat rate that will be thousands or even tens of thousands less than our normally competitive commission rate. We believe that there are a lot of homeowners in what is considered a “Short Sale” situation and we want to do our part to help them and our local Real Estate market recover. Call or E-mail us to schedule a consultation. When you contact us for more information be sure to specify you are interested in our “Listing Special”.

 

Thanks for your Business!

 Christian A. Anderson

Owner/Broker      

 

Chris.anderson@century21trophy.com

We are pleased to present you with the first -- of many --- blog entries.  In our blog you will discover real estate information that is designed to be significant to you. We plan to include practical tips and articles related to buying, selling or owning a home, real estate investing, as well as the latest news on real estate trends. We hope that you enjoy this blog and welcome your comments.  If we can be of any assistance, please do not hesitate to contact us.