Port Orchard Real Estate | March Homes SOLD

During the month of March there were 52  homes that sold in Port Orchard.  These Port Orchard  homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site.  There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 52  Port Orchard homes -

Average List Price

• $249,816
• $137 per sq ft

Average Sold Price

• $242,066
• $132 per sq ft

The average sq ft of these 52 Port Orchard homes was 1859 sq ft.  These homes spent an average of 140 days on the market (DOM).

The list to sale ratio for these homes was 96.88 percent.  What that meas is that buyers offered 96.88% of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Silverdale Real Estate | March Homes SOLD

During the month of March there were 9 homes that sold in Silverdale.  These Silverdale  homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site.  There you can find definitions and explanations of the home buying process for Silverdale Washington.

Let’s look at those 9 Silverdale homes -

Average List Price

• $252,100
• $137per sq ft

Average Sold Price

• $239,017
• $129 per sq ft

The average sq ft of these  Silverdale homes was 1814 sq ft.  These homes spent an average of 143 days on the market (DOM).

The list to sale ratio for these homes was 94.81 percent.  What that meas is that buyers offered 94.81% of what the seller requested.

Not a bad time to purchase a home in Silverdale, Washington.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

What do these numbers mean?  Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation.  I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds.  I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

Silverdale Real Estate 2009 Market Reports

• Silverdale Real Estate | February Homes SOLD

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

Bremerton Real Estate | March Homes SOLD

During the month of March there were 69 homes that sold in Bremerton.  (That is 15 more sold homes than in February.)  These Bremerton homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site.  There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 69 Bremerton homes -

Average List Price

• $215,907
• $128 per sq ft

Average Sold Price

• $209,088
• $125 per sq ft

The average sq ft of these 69 Bremerton homes was 1732 sq ft.  These homes spent an average of 172 days on the market (DOM).

The list to sale ratio for these homes was 96.84 percent.  What that meas is that buyers offered 96.84% of what the seller requested.

Not a bad time to purchase a home in Bremerton, Washington.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

What do these numbers mean?  Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation.  I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds.  I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

Bremerton Real Estate 2009 Market Reports

• Bremerton Real Estate | February Homes SOLD

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

Silverdale Real Estate | February Homes SOLD

During the month of February there were 6 homes that sold in Silverdale. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Silverdale Washington.

Let’s look at those 6 Silverdale homes -

Average List Price

• $290,633
• $146 per sq ft

Average Sold Price

• $283,667
• $143 per sq ft

The average sq ft of these Silverdale homes was 2060 sq ft. These homes spent an average of 186 days on the market (DOM).

The list to sale ratio for these homes was 97.60 percent. What that meas is that buyers offered 97.60% of what the seller requested. So the average list price home of $290,633 would have received an offer from a buyer of $283,667.

Not a bad time to purchase a home in Silverdale, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

Port Orchard Real Estate | February Homes SOLD

During the month of February there were 32 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 32 Port Orchard homes -

Average List Price

• $210,904
• $135 per sq ft

Average Sold Price

• $210,376
• $135 per sq ft

The average sq ft of these 32 Port Orchard homes was 1585 sq ft. These homes spent an average of 138 days on the market (DOM).

The list to sale ratio for these homes was 99.75 percent. What that meas is that buyers offered 99.75% of what the seller requested. So the average list price home of $210,904 would have received an offer from a buyer of $210.376. Wow! almost full price in Port Orchard!

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

$8,000 First Time Homebuyer Tax Credit | Want your money Now?

Several of my first time home buyers have asked me the question

If I buy my home now do I have to wait till I file my 2009 taxes or can I have it now?

So the question is, “Can I apply the tax credit against my 2008 tax return?” “What if I have already filed my 2008 taxes?”

Doing some research I have found the answer is IRS Form 5405. Check out Part I, section C.

You can choose to claim the credit on your 2008 Form 1040 for a main home purchased after December 31, 2008 and before December 1, 2009. If you make this choice, check the box.

If you have already filed your 2008 taxes you would have to file an amended return. See the IRS web site and look for form 1040-X and form 843. If you don’t understand the directions then consult a tax attorney or your CPA.

Similar Posts

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!

Multiple Offers Notification – Just might cost your sellers money

Who would have thought that in this buyer’s market you might find yourself in a multiple offer situation. Times have changed and I can honestly say that I have not been in this situation for the last 18 months.  Sure there have been homes that one of my buyers might have wanted to put an offer in on but after being told there was already one being presented they would just move to the next home because the inventory has been so high.

But, last week I did receive a “Multiple Offers Notification” from a local agent who had listed a bank owned property. Here is what the instructions are:

Crap, is what I thought!  This property which had been on the market for months now was the “Homecoming Queen” in her price range. I so hate multiple offers, I so hate a bid war, hate the thought of an escalation clause and all the broken dreams that go along with these situation.

I was thankful that the seller had made the stipulation that there was to be no offer submitted with an escalation clause.  One frustration gone.  So I called my buyer and gave the information.  We talked about the property and my buyer decided after looking at all the facts to actually withdraw their offer.  My buyer just didn’t want to play the game.  There was another house in our line up.  The following was the choices we had to choose from:

You can see where I have checked the box – The buyer has rescinded his offer to purchase. Yep, that is what we did.

The next day I thought nothing of this transaction. Maybe, it was because it was my birthday and I was taking the day off – well, off as much as a real estate agent selling homes can.  I spent the day in Seattle with my sweetie.  On my return to my home office I had a voice-mail from the Listing agent of this property. He wanted my to call him ASAP.

I thought how strange and I did.  We played phone tag and finally we caught up to each other and he proceeded to tell me that my buyer’s offer was the best – yep you read that right, the BEST.  Funny!  I reminded the agent that my buyers had rescinded their offer but that I would call them and give them the information. I did and my buyers decided to proceed on a different home.

All fine with me, after all it is their purchase.  The agent apologized to me because I am sure he thought I had lost a transaction. Not the case. In reality it was his seller that lost a transaction – the BEST transaction. I just kept thinking about this. Sometimes wanting to get more can cost you more. It would have been better for this seller to just take the best the first go, because if he did he would have received more for the property than what he will now receive.

Kitsap County Buyers | Are we there yet?

So, is it a good time to buy real estate in the Bremerton, Silverdale, Port Orchard area of Kitsap County? The question isn’t as easy to answer as you may think.  Do you wait for the “bottom out”? How will you know when we hit bottom?  Do you chance waiting and then find yourself buying on the “upswing”? These are all very important questions and questions that many real estate experts are trying to answer for their buyers.

Right now I don’t think that any real estate professional can really give the perfect advice. You see we have all the data but it is all really new data. The trends have changed, the market has changed and we have had to really study and become involved with market data more so than a few years ago.

There are times when I am out showing a home and answering questions and I have said, “I don’t know”. Buyers want to know what they can “get”. Well, everyday there are strange things happening so the “get” part is a mystery.  I tell my buyers what others have “got” and really some have “got a lot” and some have not.

Just like real estate is local and “one size doesn’t fit all” the same holds true for buyers. This may be the perfect time for you to buy and it may not.  What we need to do is find out what is best for you. That is why you need a real estate agent that will help you buy a home and not just sell you a home. There is a difference. Call me and we can discuss that in more detail.

Does a buyer’s market mean you can “low ball” or ask for a ton of concessions? The answer is  - not really.  Within a “buyer’s market” we sometimes find a “seller’s market” in certain areas or price ranges.  So we need to still do our research which will include a comparative analysis of homes when we find the home you want to write a purchase and sell agreement on.

Being a buyer’s market you now have the opportunity to take some time, do some research and relax a little. We are not going to see as many multiple offers, we are going to be able to ask for some concessions like closing costs, home warranty plan, appliances – there is some room for flexibility because the seller knows the buyer pool is a little on the low side.

As a buyer you still must realize that the seller has goals too and some might even be offended if you offer a lower price.  But don’t worry through the research process we will know how to overcome this objection with evidence we have gathered with our comparative analysis.

Posts of Interest

First Time Homebuyer

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Kitsap Area Real Estate Market Stats

• Kitsap County Real Estate Market Data 2007 vs 2008
• Bremerton Real Estate Market Data 2007 vs 2008
• Silverdale Real Estate Market Data 2007 vs 2008
• Port Orchard Real Estate Market Data 2007 vs 2008

Kitsap Real Estate FYI

• Kitsap County | Pending Sales | What a week
• Bremerton Real Estate | New Construction Homes
• Kitsap County Home Buyer’s | Closing Costs Paid by Seller

Bremerton Marina – A North Woods Production

Ron Finney of North Woods Productions left a comment on my Port Orchard | The Video post about a new project that he completed in January for the Port of Bremerton’s New Marina. I have posted video of the New Bremerton Marina on my own but not being the professional I wanted to share Ron’s awesome production.

He has captured not only the New Bremerton Marina but so much more of the ever changing downtown area of Bremerton. The Harborside District, the festivals, the Harborside Fountain Park. Just an amazing capture of the exciting and ever changing Bremerton Downtown area. This is why I have so much fun going downtown!

Kitsap County | Manchester | Woods View Approved

Woods View is an urban project located in a rural area.  This is were the controversy lies.  The 12 acre plat located near the Manchester area of Port Orchard is scheduled to be developed into 78 lots. Tuesday the ruling came down for approval. Read the article here from the Kitsap Sun.

Court Approves New Urban Development in Rural South Kitsap