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Buying Bothell, Everett, Marysville and Seattle WA Real Estate

So you want to buy real estate? There are many homes for sale and Realty ONE Group will find the one that is perfect for you. However, it is always important to keep in mind that buying a home is a serious decision which has a lot of important factors to consider. Before you decide to buy a home, we ask you to take the following into consideration.

1. Budget
Your financial situation is the leading factor in the home buying process. Our real estate properties cover a wide range of costs to fit your financial needs. Additionally however, owning a home also comes with a load of new expenses such as insurance, utilities, taxes, and a lot of unexpected costs like maintenance. When researching homes for sale in Bothell WA, it is important to organize a budget. This way you know exactly how much you can afford to spend on your dream home.

2. Down Payment
The average price of new homes in the US is at 346,400 dollars as of December 2015, and most lenders require a downpayment of 5-20% the cost of the home. Taking this into consideration, let’s look into an example. Say you are buying a $290,000 house; you will be expected to pay a downpayment of at least 20%, which would amount to $58,000. When considering Everett WA real estate, however, it is important to keep in mind that there are circumstances in which the down payment amount may amount to less than 20%. One example of this is for those with a credit score of 580 or higher. These individuals qualify for a loan insured by the Federal Housing Administration, which results in the buyers only paying a downpayment of 3.5%. People who have served or currently serve our country qualify for VA loans, which do not require a down payment.

3. Credit Score
Having a good credit score is important when considering Marysville WA real estate. Your good credit score communicates to lenders that you are financially dependable and responsible. Additionally, it will likely save you a large amount of money. If you do get a loan, but have a low credit score, the interest rate and the down payment will most likely increase. Before buying a home, make it a priority to check your credit report to ensure that it is correct.

4. Think Ahead
Buying a house is a huge investment, so carefully consider if you are planning to live there for the next 3-5 years. Thinking ahead and deciding if you plan to stay in your new Seattle WA real estate is not only a time-saver, but also a money-saver. If you do plan to move and put it on the market before then, you will most likely lose money.

5. Costs
Lastly, are you ready for the responsibility? Houses require maintenance, like taking care of the lawn and garden, and making minor repairs to toilets and fixtures. And if you don’t have these skills, are you financially able to hire someone to take care of these jobs for you? Keep an emergency fund for unseen major fixes like water damage or bad plumbing is a good way to help your future self be financially prepared to pay for unpredictable circumstances such as these.


Our Realty ONE Group wants your home buying experience to be as effortless and stress-free as possible. When considering real estate, these questions will prove to be very beneficial to all involved. Take the buying process slow. Make sure you choose a house you will love to own.