I love working with my clients!

November 5, 2014

To Whom it May Concern:

Tom Fine was our buyer’s agent for our recent home purchase in Green Lake, Seattle. We have decided to pen an unsolicited testimonial to his services.

Our family recently relocated from Australia to Seattle and decided to purchase a home. Luckily for us, we found Tom. Tom was able to explain the real estate market and buying and selling process in Seattle (which differs greatly from what we were used to in Australia). He was tireless in identifying properties that met our criteria and spent countless hours on the road with us explaining the positives and negatives of different localities, housing and building styles while viewing ‘open homes’. He was very flexible and understanding in his approach and his availability.

Tom’s knowledge gained as a building contractor was invaluable. He was able to walk through houses with us explaining potential benefits or pitfalls of the construction, layout, style, materials used and potential areas for improvement or maintenance. Several times he drew our attention to problems with construction that we would not otherwise have noticed.

In the end we found a house we wanted to make an offer for and Tom was able to calmly handle negotiations, helping to secure the house below the asking price in a highly competitive real estate market. He kept us in the loop every step of the way.

Subsequent to closing on the house, Tom has been happy to provide advice and expertise in relation to our plans to improve the property.

We’ve been impressed with Tom and would wholeheartedly recommend his services to others looking to buy or sell a home in Seattle.

Mark and Caroline Gordon
Green Lake, Seattle.

Posted on January 9, 2015 at 6:05 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , ,

Understanding Closing on your New Home

So you are going to buy a home and you hear the word Closing, Title, Escrow, what does this mean to you and how does it affect you and the buying or selling of a property. Closing is also known as the settlement, the settlement of the property you are buying or selling. The settlement includes the accounting of the funds transferred between the two parties by the closing firm also known as the Escrow firm.

The funding source (Buyers Lender) will transfer funds from the lender to Escrow and Escrow will settle all debts associated with the property, such as the sellers mortgage, any utilities, taxes, and insurance or outstanding debts of the sellers associated with the property. The balance after the payoff is known as the capitol gains to the sellers.

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

What is escrow?

Escrow will also transfer the needed funds for the buyer for insurance and taxes.

Escrow is the firm in which typically handles the settlement of the funds, transferring of the funds and coordinating the signing of all the documents by the buyers and sellers. Escrow protects all parties involved by making sure that no funds or properties change hands until all conditions in the agreement have been met.

Title, which is very important establishes who actually owns/owned the property and tracts whom has owned the property over the years. Title must be free and clear, this will make it a marketable title and must be free of any encumbrances (A clouded Title). A clouded title is a property that is not a marketable title (such as an easement issue, a lien against the property, or an encroachment on the property are just a couple of issues that could cloud the title and make the property not have a clear title, therefore should not be transferred to anyone else. Title was set up hundreds of years ago, when travelers where coming across the country and they needed to be reassured that the land/property they where buying was their property. Title was a way to guarantee that the property that they where buying was theirs and not someone else’s.
California or Seattle. Closing is explained in-depth at http://www.homeclosing101.org/index.cfm
and explains what Title is, what Title Insurance is and why you should have Title Insurance.

Posted on November 6, 2014 at 10:05 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , ,

Down Payment Assistance and Closing Costs Program Available Through WSHFC

A great chance for home buyers to take advantage of a State program that provides an opportunity to get down payment assistance and closing costs at a great interest rate of 0% sand deferred up to 30 years. Don’t miss this opportunity, contact Tom to see how to take advantage today and enjoy what the state is dishing out.

Posted on September 29, 2014 at 3:12 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , ,

How to Sell your Home, Several Simple Steps to Increase the Value of you Home

This is scary, challenging and exciting all at the same time. The thought of selling your biggest investment.  Well being wise and realistic you'll do fine. I knw you're thinking you can do the FSBO, of course as a realtor I don't believe in FSBO (For Sale By Owner), here you have your biggest asset and you have a fulltime job and know you are thinking of taking on this huge endeavor, is this smart?  Do you know how much time it will take? Do you have experience in selling a home? Marketing a home, Interacting with potential buyers?  Do you know what to say and how to close the deal or negotiate?  What are these values worth?

The right realtor will make the cost of their services pay off, they will make you as much money as possible and will engage with potential buyers and buyers agents.  Well let's get down to why you are here.

Here are some steps to get your home prepared for selling for the maximum amount.

1. Curb Appeal, this is the first impressions a potential buyer will see your home, beside the pictures online.  Clean the yard, make the yard attractive, simple plants and bark in the beds can make your yard stand out from other homes for sale.

2. The first thing to do is to declutter your home, this means getting rid if all the excess items, possibly too many chairs in the living room, too much furniture is a turn off. The rooms should feel larger and by minimizing them, making the rooms look clean, larger this will give the rooms more volume. Clean your home, this means dusting, washing windows, this means deep cleaning and keep it clean, you never know when a potential buyer will want to see your home.

3.  Make necessary repairs, do a walk thru and look at everything and make a list, that is what a good inspector will do and you'll loose money on the house if there any issues. Once you have the list, prioritize the list and go over the list with your realtor, they can help make key judgments on what should be repaired or replaced.

4.  Prepare a list of what you like about the house and what repairs and improvements you've made on the property.

5.  How about another list of what shops, restaurants and other great places are around your home that buyers can associate with and can see the proximity of these places. Anything special like this: "Look thru Living room window to see the Space Needle", "Walk to the Waterfront", "Pike Place Market are within walking distance from the house".

6.  Once you hire a realtor to represent your home, they will provide a CMA, (Comparative Market Analysis) which will have comparative properties to provide you with a good idea of what your home is worth and what price range the home can sell for.  A realtor is here to provide you with details and information and it is your job top make the decision on price from t he information they have provided. It's important to try to leave the emotion out of this process and try to look at it as a business transaction. i know that's tough, but emotions get in the way of a realistic price. Emotions increase the price.  Keep your emotions out, be realistic what your home is worth, otherwise it's a waste of time to try to sell an overpriced home

7.  Tell your friends and neighbors that you are selling your home, word of mouth is an incredible power full source, utilize it. Spread the word.

With the right presentation and price and terms, it should sell fast in the right market.

Good luck on your home sale and I hope you do well.

Contact me to help you sell your home.

 

Tom Fine

Posted on August 29, 2013 at 9:30 am
Tom Fine | Category: Tom Fine's Blog | Tagged , , , , , , , , , , , , , , , , , , , , ,