Mia Petrechko Realty Group

04/29/2024

03/02/2024

Finding your dream home is an exciting adventure that, at times, can also feel all-consuming. On a good day, it’s fun to swipe through listings and whiz through every open house in your area, but after umpteen hours of it—and perhaps a lost bidding war or two—it can almost drive you mad.

If you sometimes feel like you’re spinning your wheels and wandering aimlessly from property to property, we get it. House hunt burnout is real. Yet there are also plenty of smart ways to keep your stress levels and sanity on even keel.

📌Get pre-approved for a mortgage before you even start. ...
📌Make a must-have list and stick to it. ...
📌Home in on the neighborhood. ...
📌Pick a house style and forget about the others. ...
📌Document your visits. ...
📌Remember only the top three contenders. ...
📌Stop looking at listings already!

03/02/2024

Realtor.com's Housing Forecast 2024 is here!

📊 Get the official Housing Forecast 2024 report: http://rltor.cm/8dnzik

A look at the market conditions for the upcoming year:

11/09/2023

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle.
At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year.
There are now 562,000 single-family homes on the housing market. That’s up 1.5% from last week.Don’t be surprised if inventory keeps climbing next week into November. This has been a supply-constrained market, and it’s not just a demand thing.
There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year.

11/09/2023

Remember to maintain your home.

11/09/2023

GRATITUDE
As we near closer to the end of the year we reflect back on 2023 and all that those in our industry have gone through. We are so grateful for the opportunities we have received to do business with you this past year! We appreciate your trust in us handling these transactions that are so monumental to your livelihood.

We wish nothing but health and good fortune to you and your family!

The Mountain Is Always There For You!

Will Home Sales Finally Start to Grow? Data Shows Glimmers Ahead

We may be nearing the bottom in home sales even if mortgage rates don’t decline. As a result, there may be a light at the end of the tunnel in this crazy market cycle.
At least, that’s what the data seems to suggest as inventory grows and new listings decline at a less aggressive rate than last year.
There are now 562,000 single-family homes on the housing market. That’s up 1.5% from last week.Don’t be surprised if inventory keeps climbing next week into November. This has been a supply-constrained market, and it’s not just a demand thing.
There were only 53,000 new listings (single-family homes) unsold this week, plus 10,000 more new listings that are already in contract. There are far fewer sellers now than in any recent year.
Click Here to Continue Reading!


Cash Is King: Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, growing nearly three times faster than non luxury prices. Luxury sales and listings also held up relatively well—a reversal from last year—as a rising share of high-end buyers escaped the pain of high mortgage rates by paying in cash.
The median sale price of luxury U.S. homes rose 9% year over year to $1.1 million in the third quarter, while the median sale price of non luxury homes climbed 3.3% to $340,000. Both were at the highest level of any third quarter on record.

10/27/2023

📌UNDER CONTRACT

10/26/2023

🗝️🏡Washington first-time homebuyer loan programs
🔥620 minimum credit score.
🔥Maximum 50 percent debt-to-income (DTI) ratio.
🔥Annual income under $180,000.

05/05/2023

🚨Open house 📍Lynwood 🏡 May 6th 1PM - 4PM

05/05/2023

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05/03/2023

Here are the truths about four common home-buying myths:
You need to have perfect credit.
Many people assume you must have a high credit score in order to secure a mortgage. That simply isn't true. If you have less than perfect credit, lenders are often willing to work with you to get a mortgage. Although it's not the only thing lenders look at when considering you for a loan, your credit score will have an impact on the interest rate, so make sure you review your credit report before applying. If you find any errors, report them to the credit reporting bureaus ASAP. Once they're removed, you can apply for your mortgage.
You need 20 percent down.
One of the most common misconceptions about the home-buying process is that you have to pay 20 percent of the purchase price for the down payment. Since this can be a large chunk of change, many people think owning a home is out of their reach. However, there are many first-time home-buyer programs that allow buyers to put down a lower down payment. For those who qualify for a Federal Housing Administration loan, your down payment can be as low as 3.5 percent. FHA loans also feature low closing costs and easy credit qualifying. Active or retired members of the military can apply for a Veterans Administration home loan, which requires no down payment for qualified borrowers. A 15-year fixed-rate mortgage is your best option.
Many people opt for a 30-year fixed-rate mortgage because they offer lower monthly payments than a 15-year fixed-rate loan. If you can afford to pay more on a monthly basis, you may want to consider a 15-year mortgage. With the 30-year option, you will most likely end up paying more during the term of the loan. It's also smart to keep an open mind about adjustable-rate mortgages. If you don't plan on staying in your home for the long haul, it could save you money if mortgage rates are low at the time you buy your house. You don't need an agent. Buying a home is probably one of the largest purchases you will make in your life, so you want to do it right. An experienced real estate agent or REALTOR® who knows the ins and outs of the market and the features of a specific real estate.