Vancouver, WA Real Estate News

By Jason Vombaur
(Keller Williams)
You have just found a new home that you love and are planning to place your current home on the market. When the day arrives for your first open house, you begin to think of all of the things that could break down or go wrong. The air conditioner may stop working or your trusty old dishwasher might "bite the dust" the morning that the structural inspection is scheduled. Purchasing home warranty protection is one way to reduce these worries for you and your buyer.The most popular warranty plans cover the home from the time it is listed until one year after the closing date. Although the details of these policies vary, there is usually a standard deductible of $35 to $100 (this amount differs from state to state). Many sellers purchase these warranties to make their property more attracti...
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By Jason Vombaur
(Keller Williams)
Unforeseen problems can arise during escrow, and closing dates are never set in stone! Lenders, appraisers, title attorneys, credit check services, or anyone who is involved in the transaction could potentially delay a closing. Stay in close touch with your real estate agent, who will notify you of deadlines and help you deal with delays.Well-written sales contracts are the key to avoiding problems during escrow. For example, provisions can be included in the agreement that require the buyer to provide evidence of sufficient funds for down payment and closing costs, or to present proof of the ability to obtain homeowner's insurance. Because of new restrictions on insurance policies, the mortgage lender may require insurance before funding the loan. There is also a section in the sales c...
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By Jason Vombaur
(Keller Williams)
Real estate transactions are very complex, and difficulties can arise. One common form of interference can come in the innocent guise of helpful advice from family and friends. When you buy your first home, you want the best advice you can get. You want to show the house to friends and relatives before you commit. They will probably tell you about all of the things that went wrong during their own transactions so you can avoid the same mistakes. These people all have good intentions, but too much advice can put you into a state of high anxiety.If you are buying your home with the help of a professional real estate agent, your agent will know how to make sure that any minor upsets do not turn into major problems. A real estate agent's expertise is based on formal training and experience ...
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By Jason Vombaur
(Keller Williams)
As you prepare your home for the market, keep in mind that some of the people who will look at your home may bring along small children. Families with children may be looking for a larger home with more bedrooms and a bigger yard.Prospective buyers will be accompanied by a real estate agent while touring your home, but that doesn't guarantee that the children will be supervised the entire time they are in your home. Every real estate agent has a story of a little person grabbing a Steuben apple from a low shelf, or of a toddler running full speed to the edge of a high deck. Preparing your home to show involves common sense, such as removing sharp or breakable objects from low shelves and making sure that electric appliances don't have dangling cords that little hands can reach. If there...
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By Jason Vombaur
(Keller Williams)
Many home buyers are concerned about whether they have an insurable interest in the property before the actual closing. The answer is an unqualified "yes". Although the buyer is not yet the recorded owner of the property, he or she has an insurable interest in the property as soon as the agreement of sale is executed by both the buyer and seller.Should you get hazard insurance before the closing? It depends. Buyers do not usually insure a property until the title passes to them from the seller. However, it's wise to know what the agreement between you and the seller stipulates with regard to insurance.Most agreements state that the property will be insured for a specific amount. This is very important to both parties. From the buyer's point of view, it is also critical that an adequate ...
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By Jason Vombaur
(Keller Williams)
Finding an experienced, reliable real estate agent whom you like and trust is the first step in locating your new home. Here is an approach to finding the right agent. Call or stop by a real estate office and ask to speak with the manager. Describe the type of home you are looking for. The manager can refer you to an agent who knows that market very well. You might also use weekend "open houses" as opportunities to look for a real estate agent, as well as a new home. It is really a matter of chemistry! If you meet someone who is knowledgeable and with whom you feel comfortable, call that person!Once you establish a strong working relationship with a real estate agent, your agent can show you a number of homes for sale, even if they are listed with other companies. Often the agent can sh...
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By Jason Vombaur
(Keller Williams)
I was speaking to a fellow agent the other day about where he spends his money on advertising and was shocked.  Our team fully believes in making sure that when a house is for-sale, to advertise it in many different locations.  This way you pickup buyers from everywhere.  I do not know of any other agents that put as much in advertising as we do and yet we still get a high rate of return on each dollar.This fellow agent was telling me about he advertises in a few different home books.  Here is the problem!  His home book looks like every other agents.  You could change the name and not even know which page is his.  I ask him how many calls does he get out his $1,000 a month.  He answered basically 0.  Hello spending $1,000 a month to get 0 calls is crazy.  I told him he should be gettin...
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By Jason Vombaur
(Keller Williams)
Sometimes there are defects in a house that the homeowners no longer notice, such as small leaks in the roof or a basement that only gets damp when it rains. When the house is on the market, they don't have a real sense of urgency about having such defects repaired. The real estate agent feels quite differently, however.When buyers are deciding which houses deserve serious consideration, any kind of water problem may appear to be much more detrimental than it really is. The sellers may regard a damp basement as simply a sign that it's time to clean the gutters or check the soil buildup around the house or a leaking roof as a call for new flashing. But to someone who has never owned a home, these defects can be taken as signs that the house may not fulfill their primary need for shelter ...
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By Jason Vombaur
(Keller Williams)
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.      Certain items don't qualify as deductions, but can be added to the cost basis of yo...
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By Jason Vombaur
(Keller Williams)
You see them on cable TV, sitting around a swimming pool, sharing stories about how they got rich quick by buying valuable real estate for give-away prices. They took a course on how to invest in real estate and became millionaires overnight--with nothing down and no credit hassles from mortgage lenders. The course worked for them, and they say it will work for you, too.If all this sounds too good to be true--it is! These "get-rich-quick" courses and schemes are being investigated by consumer fraud agencies around the country. This does not mean that you can't become a millionaire by investing in real estate. But investing in real estate requires one important thing from you--an investment of cash. You can't build an empire overnight, but you can do very well over the long term by selec...
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By Jason Vombaur
(Keller Williams)
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move that is the result of a change in your job.You will probably be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute, if you move within a year of taking the job at the new location, and if you work full-time for at least 39 weeks (the total is 78 weeks if you are self-employed). You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a...
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By Jason Vombaur
(Keller Williams)
Many homebuyers have experienced the alternating waves of excitement and regret that can occur when the real estate agent presents your offer to the sellers and they accept it. At first you will probably feel ecstatic--unless you wake up the next morning, covered with a rash and asking yourself, "What on earth have I just done?"Occasionally agents get a morning-after call from buyers who will do anything to get out of the commitment they just made. If you are purchasing a home and find yourself in this condition, there are two important things to remember. First, your rash accompanies a very common condition called "Buyers' Remorse". Almost everyone who buys a house experiences this feeling, with varying degrees of intensity, sometime between making the inital offer and finalizing the s...
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By Jason Vombaur
(Keller Williams)
What is a PIMP.  Many agents are what I call a PIMPs.  These are agents at are not really looking out for the best interest of their client.  What they do is they come to your home, have you sign a contract and put a sign in your yard then never see them again.  They are PIMPS (Put In the Multi and Pray), they have no real system in place to sell the home.  They put your home on the local Muli Listing Service and nothing else.We have a very large, detailed system in place to make sure our sellers get the highest price in the least amount of time.  To get a free copy of "The 9 Most Costly Mistakes Even Smart People Make In Selling A Home" visit http://www.liveinclarkcounty.com/ or contact us at (360) 852-2154.The "J" Team
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By Jason Vombaur
(Keller Williams)
  When a home is purchased, title insurance is one of the closing cost items on the closing statement. This insurance protects the buyer from defects in the title that are not discovered until after the closing. There are two kinds of title insurance--coverage that protects the lender for the balance of the mortgage if the buyers have a loan, and coverage that protects the buyers' equity in the property. It is prudent to purchase owners' coverage because most of the title problems that arise after a closing are not from a sloppy title search, but are the result of inaccurate information in the public records. The ownership chain goes back a long way, and fraud or misrepresentation anywhere in the chain could mean big problems. Title insurance will protect you if a wife or husband did no...
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By Jason Vombaur
(Keller Williams)
This something every buyer should know.  When a buyer finds a home they are interested in most agents will just be excited and write up a contract as quick at they can.  We do not feel that this is in the best interest of the buyer.  We sit down with buyer and look at current home on the market, that are pending and homes that have sold.  This lets the buyer see what the see what homes are selling for.  This way they can decided if this a good buy for them.  I have seen many cases where after seeing all the facts the buyer decides to make a lower offer or decide to keep looking.  I have seen other cases where the buyer sees the home is great buy and feels better about their purchase.  If you would more helpful information feel free to contact us.  The "J" Team-  WWW.LIVEINCLARKCOUNTY.COM
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By Jason Vombaur
(Keller Williams)
You must always be honest with your seller.  A few years ago you could over price a home and it would still sell with enough time.  When homes where going up 20-30% a year you could over price home $10,000- $20,000 and it would sell within 6 months.  In a 6 month time a home would go up $20,000 so you where ok.  This is no longer true.We are back in a normal market, homes are no longer going up 20-30% a year.  In todays market if you over price your home you will get sell you neighbors home.  Then your home will sit, the longer your home sits the less money you make.That is why you must always be honest with your your sellers.  That is one of reasons we sell so many homes for top dollar in the Vancouver area.  If you would like more information feel free to contact us.The "J" Team- WWW....
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By Jason Vombaur
(Keller Williams)
I have live in Vancouver my whole life, so I may be a little swayed.  The summers here are great.  I have not been anywhere else where the weather is sunny all day and still cool enough to do activities outside.  I have spent many summers mountain bike, river rafting, water skiing or picnics with your family under huge evergreen trees.  Within few short hour drive you can be at the ocean walking along the beach.   Or if you want, within a few hours you can be skiing in mountains.  How can you beat that.  If you would like more information about what Vancouver feel free to contact use.The "J" Team- http://www.liveinclarkcounty.com
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By Jason Vombaur
(Keller Williams)
It seem to me that the news always loves to push negative.  They love to put a spin on everything to make it more exciting to increase their rating.  From what our team have seen, is we are back to a normal market.  I have seen many owners and agents thinking the housing market is crashing.  This is simple not true!  What has happened is you can no long just put a sign in a yard, make up a price and buyer will line up.  We take the time to do the research on your home, give you feedback and then make sure your home is seen by everywhere.  That is way we sell 95% of the homes we put on the market.  Of course, we have not gotten every listing presentation we have gone on.  The interesting part is all of the homes the people choose not to take our advice and put there house up for sale wit...
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By Jason Vombaur
(Keller Williams)
I have seen a lot of new agents working 12 hour days 7 days a week.  They are working very hard, the main problem is they are hardly working.  They are sending all this time working and have no business.  What they are doing is not productive in anyway.  20% of effort results in 80% of results in real estate.  Most new agents are working with 80% of the things that are giving them 20% return.  They are working very hard but are getting anything done.  Working 12 hour days 7 days a week to do one deal every 2 months is crazy.  My team and I have learned how to have systems in place that let us maximize our clients experience.  That is one of the big advantages of working for Keller Williams.  They teach you how to work smarter not harder.  An agent without systems is like driving a car w...
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By Jason Vombaur
(Keller Williams)
It is alway amazing how simple things can be worth so much when selling a house.  For example if a house has really torn up carpet or no carpet makes the house viewed as a major fixer upper.  Even thought the carpet cost a few thousand dollars it cost the seller ten of thousands of dollars.  A cheaper and easier fix is paint.  Terrible exterior or interior paint will make house sell for thousands less.  A little time and a few cans of paint can make a huge differences in how much money you will get for a home.  Another huge thing that makes a difference is clearing it out the home.  The less stuff in a room, the bigger it looks.  I have seen homes that are huge, but there is so much junk in that it looked very small and buyers are not interested.  A few hours of work and a small amount ...
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