Short Sale in Seattle Many times I am asked why should Ishort salemy home - Should I just let it go to foreclosure? These 2 questions are very different and personal to each home owner, but I will always give the advice in this way:Short SaleBenefit vs. Foreclosure Short Saleis less painful on your credit history You are allowed to remain in the home while we have your home listed Banks are speeding up the process in short sales Having theMortgage Forgiveness Debt Relief Actuntil end of year Eligible for new mortgage purchase between 2-3 years* (at time of this post) You actually have the final decision making in process When it is over life gets better - I have watched hundreds of people go through this event, they all start out the same way, ashamed, embarrassed, wondering what their friends, family or co-workers will think, say or judge. What they found out is when they make the decision to take control of the situation they feel better, a huge burden has been lifted off of their shoulders - that is what I am here for - to guide, simplify, give you a team of professionals that will put you on the best and right path. Now is the time to act - do not delay!Should you need more information I am a call away - 206-963-5525http://www.seattlemargo.com/node/114 Testimonials&Reviews The 7 reasons to not let your home go to Foreclosure: Possibility ofDeficiency Judgment Foreclosure Follows You -this will remain on your credit for over 7 years Potentially Damaging in Your Current Employment Credit Score Negative Impact - drop as much as 300 Points Unable to have FNMA or Freddie Mac Financing up to 7 years for new mortgage Negative on Security Clearances No Final Decision Making - We always want what is best for you and your current situation.Do not be shy or hesitate to call - this is when you need to know all your options. Thank youMargo Christophilis What other Clients are saying: ...read more

Many times I am asked why should I short sale my home - Should I just let it go to foreclosure?These 2 questions are very different and personal to each home owner, but I will always give the advice in this way: Short Sale Benefit vs. Foreclosure Short Sale is less painful on your credit history You are allowed to remain in the home while we have your home listed Banks are speeding up the process in short sales Having theMortgage Forgiveness Debt Relief Actuntil end of year Eligible for new mortgage purchase between 2-3 years* (at time of this post) You actually have the final decision making in process When it is over life gets better - I have watched hundreds of people go through this event, they all start out the same way, ashamed, embarrassed, wondering what their friends, family or co-workers will think, say or judge. What they found out is when they make the decision to take control of the situation they feel better, a huge burden has been lifted off of their shoulders - that is what I am here for - to guide, simplify, give you a team of professionals that will put you on the best and right path.Now is the time to act - do not delay!Should you need more information I am a call away - 206-963-5525http://www.seattlemargo.com/node/114 Testimonials&Reviews The 7 reasons to not let your home go to Foreclosure: Possibility ofDeficiency Judgment Foreclosure Follows You -this will remain on your credit for over 7 years Potentially Damaging in Your Current Employment Credit Score Negative Impact - drop as much as 300 Points Unable to have FNMA or Freddie Mac Financing up to 7 years for new mortgage Negative on Security Clearances No Final Decision Making - We always want what is best for you and your current situation.Do not be shy or hesitate to call - this is when you need to know all your options.Thank youMargo ChristophilisWhat other Clients are saying:    ...read more

Seattlle Real Estate Market has turned, with mortgage rates at all time record lows, homes where we have sellers who can sell, Seattle has reached all time low inventory, there is less than a 3.5 month supply of homes for sale. This has heated up the market for pricing. King County in the month of June 2012 saw an increase in median home averages jump by 10%, this was the largest jump in over 5 years. We are now seeing multiple offers on homes when the home owner listens to their realtor and to price the home at true market value and not get overly excited about pricing your home out of realistic reach of today's market trends. Great news to have the sellers potential equity positions coming back. What do the numbers look like? Here is the latest trend: As of July 16 2012 there were about 13,421 single family and condo homes listed for sale in Seattle Washington. The median asking price of these homes was approximately $319,950. Since this time last year, the inventory of homes for sale has decreased by 34.0% and the median price has increased by 8.5%. July 16, 2012 Month/Month Year/Year Median Asking Price$319,950+1.6%+8.5%Home Listings/Inventory13,421+3.4%-34.0%Recent Asking Price and Inventory History for Seattle&07/16/201213,421$214,950$319,950$520,00007/09/201213,190$210,000$319,000$509,99007/02/201213,228$214,000$319,000$510,00006/25/201213,322$212,990$319,000$500,00006/18/201212,984$209,950$314,950$499,900Seattle Asking Price History The median asking price for homes in Seattle peaked in July 2007 at $409,270 and is now $89,953 (22.0%) lower. From a low of $269,280 in January 2012, the median asking price in Seattle has increased by $50,037 (18.6%). 25th, Median (50th) and 75th Percentile Asking Prices for Seattle Washington Seattle Times reported The median price of single-family homes sold last month was $380,000, up 10.1 percent from June 2011. It was the third straight month of year-over-year price increases, and by far the largest change. The last time the median rose by more than 10 percent was in July 2007, when it hit an all-time high of $481,000. After that peak, the countywide median fell nearly 36 percent, dropping to a post-housing-crisis low of $308,125 this February. With this spring's rebound, the decline from 2007's high now is 21 percent. Read the full article here:http://seattletimes.nwsource.com/html/businesstechnology/2018609970_homesales06.html Ready to List your Home? Or need a Full Up to Date Market Value? Click -I want my report ...read more