Seattle Real Estate
This is the last week end of shopping for the Federal Tax Credit. What that means is that the Real Estate markets, nationally, will begin to stabilize.
We are already seeing lending contract. Lenders who create Salable Notes to the secondary market are very picky about who they make loans to. Properties need to be in good condition, and borrowers need to have good credit. Every thing about the loan is looked at by the Under Writer with a very critical eye. The people buying Notes to use as Securities are also opening files, leaving nothing to chance.
Government intervention in the Real Estate market is getting to be more unpopular so I don’t expect there to be an extension of the tax credit or any other inducement to buy Real Estate coming from the Federal Government. The burden of home ownership will have to be a choice the buyer makes with a full understanding that there will be little appreciation in values.
What we will be talking about at greater length is the buyer’s ability to pay down the principle balance of the loan. On our other blog at www.SeattleRealEstateFixer.com we talk about ways to buy, and maintain your home.
Our goal is to give the consumer a complete resource from Purchase to the Sale of a property. This is the first real installment of the Buying Seattle blog and I hope you will forgive me, this one time, of using shameless Google Ranking to get this article seen.