What Are the Benefits of a Home Warranty?



Selling your North Central Washington Home? Free home value report
Buying a Lake Chelan Home? Search all homes for sale
Buying a Wenatchee or Leavenworth area home? Search all homes for sale

Today, we cover a topic that is the subject of many conversations in real estate. Many homeowners are curious about whether they should get a warranty when buying or selling, so today we'll provide an answer.

Our advice to clients is that you should absolutely get a home warranty when buying and selling. We recommend people use Home Warranty of America (HWA) to protect their sale or purchase. It's a 13-month warranty, and for around $315-$405 it covers a ton of items! If you're a buyer, you can actually put this into the contract and have the seller pay for it on your behalf.

We've seen clients save thousands of dollars by avoiding unnecessary expenses covered by warranties. It covers electrical systems, sump pumps, heat pumps, HVACs, and appliances, among others! You can also have every door in the house re-keyed for only $60! As a seller, you can purchase this product right before you list your home with us, and it's going to cover you throughout the listing period.

If your home is on the market for up to 180 days, you are completely covered! You may not have the money to fix something that goes wrong during the listing process, and the warranty will cover it for you! You can then pass it along to the buyer, who will be very appreciative of it because of the extra security.

Again, this great program is available through Home Warranty of America, and we highly recommend it! If you would like a flyer that includes all of the details of the warranty, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you! 

Is Refinancing the Right Thing for You and Your Family?



Selling your North Central Washington Home? Free home value report
Buying a Lake Chelan Home? Search all homes for sale
Buying a Wenatchee or Leavenworth area home? Search all homes for sale

Hello, and welcome back! Today's topic is whether it's possible to refinance to get a lower payment, and how you can go about doing it if you are eligible!

The first thing you need to do is take a look at what your current interest rate is. According to Seafirst Financial (our preferred lender), rates are around 3.675%. If your current rate is higher than 4.5%, you're probably leaving a lot of money on the table by not refinancing. 

Although it may seem like the right decision, not everyone can refinance. The first thing you need is 80% loan to value; in other words, the loan you get has to be 80% of the value of your home. If you're wondering what your home value is, check out the home value links above to get a general idea of how much your home is worth. If you're on the borderline in loan to value, give us a call and we'll help you figure it out.

You want to avoid private mortgage insurance and spending a lot of money to refinance. However, it will be more than worth it if you're able to lock in a significantly lower rate. With rates slated to rise in the coming year, now is the time to lock in a great low rate and lower monthly payments!

If you have any questions about this topic, or if you need real estate assistance of any kind, give us a call or shoot us an email. We would love to hear from you!