The Federal Housing Administration (FHA) approved 40-year mortgages in May 2022. This is a significant change from the traditional 30-year mortgage, and it has both pros and cons for potential borrowers.Why was it approved?The FHA approved 40-year mortgages in an effort to make homeownership
King County Property Taxes Pricing People Out Of Their Homes
Washington State has long been a desirable location for many individuals and families seeking a high quality of life. With its scenic landscapes, vibrant cities, and thriving economy, it is no wonder that so many people want to call this place -- and its neighborhoods -- a home. However, recent
The Seattle Housing Market Has Officially Cooled
Seattle’s housing market is one of the most interesting in the country and has always been a bellwether for the national housing sector. Its sharp decline and subsequent rebound over the last two decades has occurred in lockstep with trends elsewhere, but Seattle is not following suit this time. The
Types Of Deductible Expenses When Selling Your Home
When selling your house, you’ll likely incur various expenses. These costs are usually one-time, and in most cases, they’re not eligible for the home seller tax deduction. However, some of these expenses might be deductible if they meet the IRS rules concerning the sale of your home.Repairs and
Still A Seller’s Market, Seattle Realty Rising
The housing market in Seattle continues to grow with demand for apartments and homes increasing despite inflation and rising house prices. Prices have jumped nearly 20% since last year with some homes staying in the market for only six days. Record-breaking sales for last year were experienced in
Common & Confusing Terms In Real Estate: Fee Simple & Fee Tail
Before you buy any property, make sure you understand what you're getting into. Of course, for anyone that's purchased a home, you know the mountain of paperwork to get through before the sale is final. However, this is all the more reason to pay close attention to the verbiage used on the realty's
Cornerstone Deductions You Can Make While Renovating
As a homeowner there will eventually be a time when you may need to upgrade the home in order to increase its value. This is important if you plan on selling the home and are looking to live in a house that is more modern. Fortunately for homeowners there are many ways in which you can benefit
All The Details To The Washington State First-Time Homebuyer Program
The Washington State first-time homebuyer program is an excellent way for buyers in the state to get into their first home. While this program might not be for everyone, it is one of the best in the country. Take a look at what this program can do for you if you are looking for your first