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PugetSoundRealEstateToday.com is the place on the Internet where you will find local real estate market information about selling or buying homes in Kitsap County on the Kitsap Peninsula. Here you can search for homes in Bremerton, Silverdale, Poulsbo and any other area that is located close to Naval Base Kitsap hassle free. I want to be the real estate professional you choose on your own because you feel I will represent you better than anyone else. Please feel free to read my No SPAM Policy and sign up for all of the free information I offer. When you are ready I know you will give me a call! It will be like talking to someone you already know. If you have any questions just email me or leave a comment on one of my blogs. If you have an idea for an article I should research and publish please let me know. I want to be YOUR Local Expert!
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Kitsap County Buyers | Are we there yet?
 So, is it a good time to buy real estate in the Bremerton, Silverdale, Port Orchard area of Kitsap County? The question isn’t as easy to answer as you may think. Do you wait for the “bottom out”? How will you know when we hit bottom? Do you chance waiting and then find yourself buying on the “upswing”? These are all very important questions and questions that many real estate experts are trying to answer for their buyers.
Right now I don’t think that any real estate professional can really give the perfect advice. You see we have all the data but it is all really new data. The trends have changed, the market has changed and we have had to really study and become involved with market data more so than a few years ago.
There are times when I am out showing a home and answering questions and I have said, “I don’t know”. Buyers want to know what they can “get”. Well, everyday there are strange things happening so the “get” part is a mystery. I tell my buyers what others have “got” and really some have “got a lot” and some have not.
Just like real estate is local and “one size doesn’t fit all” the same holds true for buyers. This may be the perfect time for you to buy and it may not. What we need to do is find out what is best for you. That is why you need a real estate agent that will help you buy a home and not just sell you a home. There is a difference. Call me and we can discuss that in more detail.
Does a buyer’s market mean you can “low ball” or ask for a ton of concessions? The answer is - not really. Within a “buyer’s market” we sometimes find a “seller’s market” in certain areas or price ranges. So we need to still do our research which will include a comparative analysis of homes when we find the home you want to write a purchase and sell agreement on.
Being a buyer’s market you now have the opportunity to take some time, do some research and relax a little. We are not going to see as many multiple offers, we are going to be able to ask for some concessions like closing costs, home warranty plan, appliances - there is some room for flexibility because the seller knows the buyer pool is a little on the low side.
As a buyer you still must realize that the seller has goals too and some might even be offended if you offer a lower price. But don’t worry through the research process we will know how to overcome this objection with evidence we have gathered with our comparative analysis.
Posts of Interest
First Time Homebuyer
Kitsap Area Real Estate Market Stats
Kitsap Real Estate FYI
READ THIS HOT NEW REAL ESTATE INFORMATION...
It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
I want you to click on the photo of the CNN page to read the information about the new 1st Time Homebuyer Tax Credit. This is awesome news for 1st time homebuyers in the Kitsap County real estate market!
Are you sitting on the fence? Have you read the many horror stories across the nation? Well, remember real estate is local and here in the Kitsap County area we are in an amazing buyer’s market. It just might be the perfect time for you to purchase a home if you are a First-Time Home Buyer. Here is a nudge to get you into the housing market.
Read the article and make sure to read the scenario’s that CNN has listed
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Final score: $8,000 for homebuyers
First-time purchasers get a tax credit windfall if they buy before December.
By Les Christie, CNNMoney.com staff writer
Last Updated: February 17, 2009: 12:13 PM ET
Scenario 1: Your final tax liability is normally $6,000. You’ve had taxes withheld from every paycheck and at the end of the year you’ve paid Uncle Sam $6,000. Since you’ve already paid him all you owe, you get the entire $8,000 tax credit as a refund check.
Scenario 2: Your final tax liability is $6,000, but you’ve overpaid by $1,000 through your payroll withholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000, the $8,000 credit plus the $1,000 you overpaid.
Scenario 3: Your final tax liability is $6,000, but you’ve underpaid through your payroll withholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.
To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as “first time” buyer. They must also live in the house for at least three years, or they will be obligated to pay back the credit.
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If this sounds interesting to you why not give me a call so we can discuss it in more detail and I can get you in touch with one of my local lenders. I do not want you to think I am an expert in this area but I do have a network of mortgage lenders that are. You might also want to discuss this with your CPA. I am not allowed to practice law or give tax advice.
 My name is Jo Soss and I am a Real Estate Professional with Skyline Properties, Inc. I am your local expert for information on buying or selling homes in the West Puget Sound communities of Bremerton, Silverdale, Port Orchard, Seabeck, Keyport, Bangor and Poulsbo.
I am also proud to serve the real estate housing needs of the Naval Base Kitsap area of the Navy Region Northwest, which includes Bremerton, Bangor, Keyport, Naval Hospital Bremerton, Puget Sound Naval Shipyard (PSNS & IMF).
If you are planning on buying a home or selling a home in the Bremerton, Silverdale, Port Orchard, Seabeck, Keyport or Poulsbo area or if you are planning on relocating due to Military Relocation PCS orders, please contact me for all your local real estate needs.
I realize that people do business with people they trust and so that is why I am interested in what is the best for you, the customer, and am also committed in establishing a long-term relationship based on trust. I pride myself on being knowledgeable and staying current with changes in the real estate industry that will affect the success of your home buying or home selling transaction. You have worked hard to be able to purchase the home of your dreams and I feel the responsibility to make those dreams a reality and to help you pursue the right solution enthusiastically.
Bremerton WA Real Estate :: Bremerton WA Real Estate Information :: Homes in Bremerton WA
Bremerton, newly proclaimed the “Metropolitan Center of the West Puget Sound” is located in Kitsap County on the Beautiful Kitsap Peninsula between the Olympic and Cascade Mountain ranges in Washington State.
The Bremerton area offers some of the best views of mountains and water as well as some of the best boating and recreational opportunities in the Greater Puget Sound Area. Within a mile radius you have several attractions and facilities to vistit and explore. Welcome to the Kitsap Peninsula
Bremerton WA homes feature style and character - with secret rooms with retro door knobs. Did you know that Art-Deco was the style of the 1940's? Bremerton WA homes have features like big porches, stately overhangs, high pitched roofs and dormer windows. The list goes on and on and on - There are not many places in the Pacific Northwest that can boast such home detail and Bremerton WA is one of the areas where these homes are still affordable.
 More publicity for Bremeton this month of March. The Cover of Washington CEO Magazinefeatures Bremerton with the title "Bremerton Rising". Click the link and read the article "Welcome to Boomertown".
There will be a couple of nice pictures of Mayor Bozeman and of former Seattle Seahawks kicker Norm Johnson who is now a local Bremerton real estate agent. You are going to read words like "bummertown", "boomertown" and "forgotten step-child".
I think there are several people looking at what is beginning to be our "turn around". Years ago Forbes listed Bremerton as one of the bests places to start a business. I hope that some smaller "niche" shops see the value of locating in the downtown sector. With the new marina's completion soon we are going to see some new tourist traffic this summer.
Check out these articles I have written in the past about Bremerton's Revitalization.
Silverdale Real Estate :: Silverdale Real Estate Information :: Homes in Silverdale
Silverdale enjoyed rapid growth due to the decision to build a base for Trident submarines at Bangor. The Bangor area is just minutes north of Silverdale and is a huge economic factor.
The Silverdale area of West Puget Sound is home to some of the new home communities. Over the last several years there have been many “developments built to include the Ridgetop area, Summerwind, Ridgeview, The Glenn at Quail Ridge and several others. There are also several newer townhouse communities such as SilverRidge and Breckenridge. Choices of home styles and neighborhoods abound in the Silverdale area
Silverdale WA is the shopping hub of the West Puget Sound. Located here is the largest shopping mall between Seattle and Tacoma.
The Kitsap Mall
Silverdale though expanding and bringing several shops and restaurants to the area still has a small town feel and no better place to find it than in “Old Town Silverdale” a small community right on the waterfront. There are gallery ships and casual cafes with magnificent views of the waterfront.
Here lies the waterfront park which offers a children’s playground, a public boat launch and moorage, along with picnic spots and a beach walking trail.
Hot off the West Sound Live! Press...
Kitsap County 1st Time Buyers :: $7500 TAX CREDIT :: Bremerton, Silverdale, Naval Base Kitsap
 Are you sitting on the fence? Have you read the many horror stories across the nation? Well, remember real estate is local and here in the Kitsap County area we are in an amazing buyer’s market. It just might be the perfect time for you to purchase a home if you are a First-Time Home Buyer. Here is a nudge to get you into the housing market. On July 30th President Bush signed into law House Bill 3221 (H.R. 3221: Housing and Economic Recovery Act of 2008) which included a special tax incentive for First-Time Home Buyers (Sec.3001). This bill provides a tax credit up to $7,500 for homes purchased on or after April 9, 2008, which the First-Time Home Buyer will repay over 15 years following the purchase. This is not a down-payment assistance program, but rather a ZERO INTEREST LOAN that has some amazing features.
- The tax credit is available for first-time home buyers only. Purchaser (and spouse) may not have owned a principal residence in the previous 3 years.
- The maximum credit amount is ten percent of the cost of the home and can not exceed &7,500.
- Property eligible is any single-family residence that will be a principal residence.
- The credit is available for homes purchased on or after April 9, 2008 and before
July 1, 2009.
- There are income limits. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
- The tax credit works like an interest-free loan and must be repaid over a 15-year period. Each year 6.67% of the credit to be repaid – if you received the full credit that is only $500.25!. If sold before 15 years than remainder of credit is paid at time of sale.
If this sounds interesting to you why not give me a call so we can discuss it in more detail and I can get you in touch with one of my local lenders. I do not want you to think I am an expert in this area but I do have a network of mortgage lenders that are. You might also want to discuss this with your CPA. I am not allowed to practice law or give tax advice.
Gentlemen (Buyers) Start Your Engines
Buyer's you are in the driver seat With the local real estate market in a slow-down, with high inventory and an increase of days on market for Bremerton and Silverdale homes you can safely say we are in a buyer's market.
I define markets by absorption rates. An absorption rate is the mathematical relationship of supply and demand. The absorption rate is the number of months it would take to sell the entire inventory of homes in the Bremerton Silverdale area of Kitsap County if the pace were to stay constant.
My definition breaks down like this...
Normal Market - Between 5 and 6 months of inventory.
Seller's Market - Between 1 and 4 months of inventory.
Buyer's Market - 7 months and higher.
Last month, the month of March the absorption rate was around 12 months in our area.
So, is it a good time to buy real estate in the Bremerton, Silverdale area of Kitsap County? The question isn't as easy to answer as you may think. Do you wait for the "bottom out"? How will you know when we hit bottom? Do you chance waiting and then find yourself buying on the "upswing"? These are all very important questions and questions that many real estate experts are trying to answer for their buyers.
Just like real estate is local and "one size doesn't fit all" the same holds true for buyers. This may be the perfect time for you to buy and it may not. What we need to do is find out what is best for you. That is why you need a real estate agent that will help you buy a home and not just sell you a home. There is a difference. Call me and we can discuss that in more detail.
Does a buyer's market mean you can "low ball" or ask for a ton of concessions? The answer is - not really. Within a "buyer's market" we sometimes find a "seller's market" in certain areas or price ranges. So we need to still do our research which will include a comparative analysis of homes when we find the home you want to write a purchase and sell agreement on.
Being a buyer's market you now have the opportunity to take some time, do some research and relax a little. We are not going to see as many multiple offers, we are going to be able to ask for some concessions like closing costs, home warranty plan, appliances - there is some room for flexibility because the seller knows the buyer pool is a little on the low side. As a buyer you still must realize that the seller has goals too and some might even be offended if you offer a lower price. But don't worry through the research process we will know how to overcome this objection with evidence we have gathered with our comparative analysis.
ZOOM ZOOM ZOOM
When I first entered the real estate profession back in 1994 I was told that in order to survive in this business you must become a listing agent. You must go after the listing; a listing is like money in the bank. So that is what all of us newbie's did, we went after the listing. Then one day I was asked to help out at a new construction development, which really meant "we need a warm body" to sit an open house. Being the new agent that I was I felt honored that they wanted me to sit the open house. I had so much fun interacting with potential buyers that buyers became my new obsession. I (gasp) became a buyer's agent! Sure I still listed homes and was successful at it but buyers were my passion, my obsession, my addition. It was like being on a scavenger hunt or a treasure hunt when working with buyers. We "hung out" on the weekends or on weekday evenings, hung out getting our fix of homes on the market. You don't spend that much time with sellers - buyers get to become part of your family. They know you and you know them. You know they like lemonade in their coke, you know they don't want pickles on a sandwich, you chat about neighborhoods and schools.
Buyers are fun!
In the State of Washington real estate professionals are bound by "The Law of Real Estate Agency". Please see section five :: "Duties of a Buyer's Agent." Prescribes the additional duties of a licensee representing the buyer or tenant only. In the current market buyers are gold! All those real estate agents that wouldn't work with buyers before sure are working with them now. The reason is it's a BUYER'S MARKET here in Kitsap County! You the buyer, the person in the driver's seat want to make sure you are working with a Buyer's Agent that is looking our for your best interest. I want my buyers to be my best piece of marketing so I make sure that it is all about them - the buyer! What better marketing plan can you have then lots and lots of buyers running around town telling all their friends about "their Buyer's Agent"! My buyers are my friends, they are my neighbors, they are my neighbor's friends and family and all receive total quality service from me.
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