Buying a Home With “No Money Down”

Jim Clifford Real Estate Leave a Comment

Almost every day we see advertisements that bombard us with the idea that we can buy a home with no money down.  The “get rich with real estate” infomercials love to market this concept and they make it seem like it is the easiest thing in the world.  This marketing tactic appeals to our desire to get something for nothing. …

Buying or Rent a Home

Jim Clifford Real Estate Leave a Comment

Is it better to buy a home or rent a home?  When it comes to real estate investments, just as in all aspects of life, people are going to vary as to what they’re most comfortable with. Many people are very happy as renters and do not wish want the responsibility of owning their own home.  At the other extreme, many …

Factors that Determine Home Loan Approval

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Home Loan Approval is determined by a number of factors pertaining to your financial situation.  You might have heard of the 5 C’s, which are Credit scores, Capacity, Collateral, Capital and Conditions.  Here are the 5 C’s and how they affect your ability to get a mortgage. Credit Scores The Fair Isaac & Company created the FICO score to help …

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4 Steps to Buying a Home

Jim Clifford Buying Real Estate , Home Affordability Leave a Comment

Buying a home seems like it should be simple, but it is a complex experience, especially if it’s your first time. Here are four steps to buying a home. 1. Determine Your Financial Readiness One of the most important steps to buying a home.  Are you truly ready now, in your life, to own a house? Many people focus only on …

Financing a Foreclosed Home

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Getting Pre-qualified Financing a foreclosed home (or any home) has many steps, all of which can go more smoothly if you are prepared.  Talking to a mortgage professional to get pre-qualified can help you understand what loans will work for your situation and will provide you with a price range of homes that you can afford.  It will also provide …

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Investing in Washington Real Estate

Jim Clifford Real Estate Leave a Comment

photo credit – shingst cc   Investing in real estate in the Tacoma and Seattle area has provided a good living for many people. At Washington Realty Group, we work with investors, small and big, to find the properties that best work into their business model. A lot of the homes we sell are distressed properties, bank-owned and short sales. …