Instant online access to all the real estate and mortgage information you need for finding and buying your next home or condo in the Wenatchee Valley. Get free unlimited access to all the information on this site...just enter your name and email address.

thought you needed in order to start accumulating wealth immediately?
  Whether you’re purchasing your first home, a second, or an investment property, there is so much to think about – your financial well-being, long-term goals, and finding someone that can guide you with expert advice. Over the past decade, everyone from first time homebuyers to seasoned investors have been advised to think of a house as a tax shelter, not an investment. According to Kiyosaki, “Invest for cash flow first and capital gains second.” So what does this mean for you and me? If you can afford the down payment to buy a home, it makes perfect sense to buy a home rather than rent it. Besides, there are hundreds of loan programs out there that will allow you to buy a home for little or no money down. Because the home you live in is not considered an investment you will not be purchasing the SEE Stop Wasting, B1

  Over the past several years many people turned to real estate as a vehicle to invest their money and millions still do. However, there are not as many opportunities to make a rapid return on your investment in our market today as there once was. In a recent article by Robert Kiyosaki, author of Rich Dad Poor Dad, he talks about your landlord renting his house to you and creating a positive cash flow for himself (spending less than is made) with your rent money to become wealthy. Wouldn’t it be nice to buy the home you always wanted without  all the money  you

  Whether you’re a buyer coming to this site, or you’re in the market to sell your current property, you want to know if using a Realtor is best for your situation. You should really think through the consequences that could occur by not using a real estate professional. A lot of people are hesitant when hiring a real estate agent mainly because of the commission rate, which can be around 6% of the selling price. However, the commission that is paid to the listing agent should be viewed as an investment, not a cost. Through hiring an experienced and knowledgeable Realtor, you have a far greater chance of selling your home for top dollar. This is because they understand how to best market your home, as well as how to assess market conditions that may be affecting your area.
  Real estate agents have several significant advantages when it comes to selling a home. One of these advantages is having access to very effective marketing techniques. These can include, but are not limited to, the Internet-based multiple listing service or MLS, Realtor.com, the ability to network with other agents, and, finally, the creative capacity to strategically craft incredibly effective open houses, newspaper advertisements, home brochures and mailings.
  Another distinct advantage is knowledge of market conditions. The asking price is a vital element for the successful sale of your home. Once you’ve hired a real estate agent that you feel comfortable with, the next step is setting your home at a reasonable asking price. This is typically based on recent activity of neighborhood home prices shown in the Comparable Market Analysis or CMA. Listen carefully to your listing agent's recommendation for setting the asking price. Experienced Realtors know the local home sales market extremely well and are happy to educate you along the way.
  A home buyer also benefits greatly by selecting a buyer's agent to represent them. The buyer's agent acts with your interests in mind during a real estate transaction, and there is usually no cost to the buyer. In almost every scenario, the listing agent receives a commission based on the selling price of the home being sold. Typically, the listing agent will then split the commission stipulated in the listing agreement with the buyer's agent. Remember, it’s the homeowner that is making the decision on listing the property with a real estate agent. It’s the homeowner that is deciding if you will pay a commission. SEE Represented, C1

put down 20 percent of the purchase price to qualify for a home loan. That’s been the case for the past 25 years, but mortgage lenders nationwide have created new combination loan programs for consumers to put down little or no money to purchase the home of their dreams. Lenders introduced these types of mortgage products because property values have risen all across the country, which helped home owners build equity, but hindered home buyers due to increased home prices. These programs are often referred to as zero  down   or  no  money   down

home loans and give consumers the ability to finance 100% of the value of the home.
  First-time home buyers may not have enough saved up for a 20% down payment or may want to use the money they’ve saved for other uses like buying furniture or other necessities for their new home. Consumers in the Wenatchee area are buying condos, townhouses, and single-family homes up to $750,000 with no money down and so can you. The two combination loan SEE Zero Down, B1

  Many consumers never buy a home because they don’t think they have enough money for a down payment. They’ve been told over  the  years  that they  need  to

  Making sure you are pre-qualified or pre-approved by a mortgage lender can improve your purchasing power when looking for a home. There are some crucial differences between pre-qualification and pre-approval for a loan that you need to be aware of. Knowing these differences can end up saving you a tremendous amount of time and aggravation. Some loan officers and mortgage brokers pre-qualify applicants based on a brief check, never going through the full appraisal necessary to guarantee a loan. The key word here is “guarantee”. Without   written   certification,  it's

not a true pre-approval and it carries no real weight. In a true pre-approval, the lender will present you with a letter, certificate or wallet-sized card with your name and the maximum loan amount that you have qualified for. It is validated proof that an underwriter has completed all the checks and guaranteed your loan amount.
  Pre-qualification is usually a free or inexpensive service provided by a mortgage lender. The Lender will typically evaluate a prospective homebuyer's credit report plus income, savings and debt information  to get  an  estimate  of

the mortgage amount the borrower can qualify for. This amount is based on documentation the borrower gives to their lender, or what the borrower informs the Lender as far as income, savings and debt information. The review can take as little as a few hours and up to a few days. Loan prequalification is a simple process. It takes into account very basic information regarding your financial status and gives you an amount for which you may qualify. This can be done strictly on a verbal level or accomplished electronically over the Internet. The pre-qualified amount is SEE Purchasing Power, C1