Tri-City Area and Real Estate Blog

Part 1 Overview

In Part 1 in these series of videos, Washington State Attorney General Rob McKenna gives an overview of the new law.

30-year fixed rate mortgage (FRM) averaged 4.22 percent with an average 0.7 point for the week ending September 1, 2011, matching the previous week when it also averaged 4.22 percent.  Last year at this time, the 30-year FRM averaged 4.32 percent.

15-year FRM this week averaged 3.39 percent with an average 0.6 point, down the previous week when it averaged 3.44 percent.  A year ago at this time, the 15-year FRM averaged 3.83 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.96 percent this week, with an average 0.6 point, down from the previous week when it averaged 3.07 percent.  A year ago, the 5-year ARM averaged 3.54 percent.

1-year Treasury-indexed ARM averaged 2.89 percent this week with an average 0.6 point, down from the previous week when it averaged 2.93 percent.  At this time last year, the 1-year ARM averaged 3.50 percent.

With these rates at or near historic LOWS…it is the perfect time to buy your dream home.  If you are ready to buy, sell or relocate contact Distinctive Properties, Inc. today!

509.783.1431  |  800.510.1726  |  www.distinctiveprop.com

1.  Make sure your contractor is properly registered.

2. Investigate the reputation and experience of the contractor.

3. Be wary of contractors who ask you to pick up the building permit.

4. Plan your project carefully, including detailed plans, if necessary.

5. Don’t compare apples to oranges when evaluating bids.  Make sure bids are based on identical project specifications.

6. Ask what inconveniences might arise.

7. Obtain a written contract.

8. Make sure you understand the terms before you sign anything.

9. Be cautious about paying for work not yet completed.

10. Put all change orders in writing.

11. Make frequent inspections and consult your local building department.

12. Avoid making final payment until you have received a lien releaase from suppliers and subcontractors.

Ever wonder what is going on in your local Real Estate Market? 

There is no need to wonder any longer.  At Distinctive Properties, Inc., we provided a weekly report showing what is happening in the area!

Check out our statistics for this week right HERE.
When you are ready to buy, sell or relocate….

Contact

Data analysis firm, ProximityOne, has made their population predictions stating the U.S. Population will rise from 2010 to 2020 to a total of 337.1 million people; this will be a 8.9% increase. 

Tri-Cities is ranked number 2 of 10 to see this population increase.  They predict our area will see a 35.3% increase, raising the population from 255,485 in 2010 to 345,779 in 2020.  Below are the other areas that made the top 10. 

Kennewick, Richland, Pasco was ranked #2 following the 32.6% population increase seen from 2000 to 2010.  Due to the areas relatively low unemployment rate (7.3 percent in April) and a multi-industry economy, Inman’s voted Tri-Cities #5 in their top ten Real Estate markets to watch in 2011.

Among the 366 metro areas in the U.s., 43 areas are expected to see population decreases. 

If you are ready to buy, sell or relocated….Contact Distinctive Properties, Inc.!!  (509) 783-1431!

Are you ready to sell your home?
Let Distinctive Properties, Inc. help you do that!

Currently, we have 27 agents ready to list your home. 
Here are a few of the things our agents will do for you and your home: 

• Give advice regarding price and terms; prepare Comparative Market Analysis (CMA).
• Estimate closing costs and net proceeds.
• Promote seller’s best interest.
• Negotiate best price and terms for seller.
• Disclose buyer’s motivation and strategy, if known.
• Use the MLS (Multiple Listing Service), and a variety of other sources to help determine the best selling price for your home.
• Place your home in MLS, so all local REALTORS can help find the right buyer.
• Qualify buyers before showing them your home.
• Promptly counsel you on all contracts and offers presented.
• Attend the closing and help explain all the details.
• Turn over house to buyer.
• Maintain confidentiality.

Not only will your agent be knowledgeable about your home and its features and benefits, but all of our agents take a weekly tour of all our new listings.  This way whenever potential buyers inquire about your property, everyone can provide the knowledge it will take to sell your home. 

So if you are ready to sell, call Distinctive Properties today to have your home put on our DISTINCTIVE TOUR!