Sunday, February 15, 2009

Vancouver/SW Washington Real Estate


Home Values...do you know what the current value of your home is today? If you are not sure, I would be happy to give you a free value report.

Home sales and prices are declining in our market, especially the high end homes. 5,133 homes were sold in 2008 compared to 7,613 in 2007. The sales in 2008 were the lowest in 15 years, with the median price in December, 2008 of $234,450. Remember, you would not go to the Gas Station that was still asking $4.00 per gallon...so price your home with the market...

One in 400 homes in Clark County Washington is in forclosure, this is a significant contributer to the declining market.

Looking for a Loan, well the rates are great, if you can get one...you need a credit score of 740 or above, stated income and assets. You will need to provide the last two pay stubs, income tax records and recent retirement, savings and stock market asset account statements.

First time homebuyers should apply for pre-approval before you start the search for a new home. This will get the biggest obstacle out of the way.

Don't sit on the fence, because the prices are great and the rates cannot be better...go for it!!!

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