Blog


Feb

06

2017
Positive Market Despite Rising Rates

Positive Market Despite Rising Rates

Even though experts in the market agree that rates will likely increase slightly in 2017, they also agree that this will not have a negative impact on the Northwest real estate market. Lawrence Yun, chief economist for the National Association of Realtors, shared that historically, a rate increase to 4.5% (the expected high point for 2017) would still be a “favorable rate”. “We are getting…

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Dec

29

2016
Ideas for Sourcing Fix & Flip Properties

Ideas for Sourcing Fix & Flip Properties

If you are an investor with a fix and flip close to completion, you’re likely to be happy about the strong Northwest housing market. Factors like short supply, high demand and increasing prices are all good things for a seller. However, these factors can make it more difficult if you are an investor looking to source your next deal. In the current market, there are…

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Dec

23

2016
November Market Update

November Market Update

According to the Northwest Multiple Listing Service (NWMLS), figures for November show a 13.2 percent drop in inventory of single family homes and condominiums. For the 4-county Puget Sound region there is only 1.22 months of supply, with King County having the lowest level at under a month (0.96). There was a 9.4 percent gain in pending sales, a 31.3 percent spike in closed sales,…

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Dec

21

2016
A Winning Property

A Winning Property

Veristone would like to congratulate Sandra Lambrecht! In early 2016, Sandra set-out on a plan to renovate an 85-year-old Queen Anne Tudor-style home. Having been with Sandra at the beginning of this project, we can verify that the property needed more than a little TLC. Sandra boldly embarked on a plan to renovate the structure down to the studs, in many areas, while paying careful…

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Nov

29

2016
Seattle Condo Fix & Flip

Seattle Condo Fix & Flip

If you are considering getting into real estate investing, making the decision to “go for it” isn’t always easy. For many, it’s all about focusing on that first single step – don’t worry about the whole staircase! You don’t need to be an expert in real estate investing when you do your first deal. Recognizing the value of focusing on one step at a time…

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Nov

18

2016
Portland Fix and Flip

Portland Fix and Flip

Thanks to having strong partners in the real estate business and eye on the market, Retha McCutchen was able to acquire an ideal fix and flip in the Cully neighborhood of Northeast Portland. With the help from her partners in the real estate business, knowing the neighborhood and aligning with quick financing from Veristone, Retha was able to jump on this opportunity. It was worth…

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Nov

05

2016
Advice from my Lender?

Advice from my Lender?

Earning a living buying and selling real estate is very rewarding… but can also be risky business. This is a key reason why many people opt not to pursue real estate investing. It’s also a key reason why those that do, often seek out a key partner like Veristone. If you can leverage the learnings of those that have gone before you and follow in…

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Oct

28

2016
First Auction Loan in Boise

First Auction Loan in Boise

Loan Funded:   $132,596 AVR (est.):        $200,000 Date Funded:    09/26/2016 Location:           Vistas neighborhood, Boise, ID Type:                  Fix & Flip As single family homes go, this 1,362 sq. ft., 3 bedroom, 2 bath property in Boise’s Vistas neighborhood is a pretty basic home. The funding includes an estimated $30K in…

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Sep

28

2016
Networking in style – what hard working real estate professionals deserve

Networking in style – what hard working real estate professionals deserve

Being a Hard Money lender isn’t only about making and managing loans. Like most businesses involving real estate, there is tremendous value in knowing your market and knowing your clients. The quote “If your business comes from relationships, relationships should be your business” is a great reflection of Veristone’s commitment to this philosophy. Everyone on the team recognizes that the more you know about each client, the…

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