Tag Archives: Marti Reeder

John L. Scott Realtor® Marti Reeder Named “Best of Kent” for Ninth Time

Marti Reeder, a full-time, full-service Realtor® and managing broker with John L. Scott, was named “Best Real Estate Agent” by Kent Reporter readers in their 2017 “Best of Kent” contest. This is the ninth “Best of Kent” award for Reeder. In addition, Reeder was a finalist in the “Best of Covington – Maple Valley – Black Diamond” contest in the real estate agent category.

The honors come just months after Reeder was named to John L. Scott’s Chairman’s Circle for the third year in a row for her work in 2016. Also, last year Reeder was the top residential producer in the John L. Scott Covington-Kent-Maple Valley office. In the last few years, Reeder has sold an average of one home per week, and was the top producer in three out of four quarters for the office last year.

“This is such an interesting time for real estate, and I love helping people navigate this seller’s market, whether they are buying their dream home or selling an existing one to upgrade or move onto their next one,” Reeder said. “Being recognized for doing work I love is just icing on the cake! Thanks to everyone who voted for me. Your trust in me means the world.”

As a lifelong resident of King County, Reeder focuses on clients in the South King County communities of Kent, Covington, Maple Valley, Auburn, Black Diamond and Renton. As a Certified Residential Specialist (CRS), Reeder also dedicates her time and expertise to educating home buyers and sellers on the value of home ownership and ensuring that they understand the ever-changing real estate and mortgage industries, including new rules and regulations that may affect them. Reeder is the leader of Team Marti, a small staff that helps Reeder serve her clients 24/7, whether they are buying, selling or building a home.

For more information about Reeder or to talk to her about your real estate needs, visit MartiReeder.com or call 253-246-8938 (office) or 206-391-0388 (cell). You can also read testimonials about Reeder on Realtor.com and Zillow.

About Marti Reeder:

With 12 1/2 years as a Realtor® and more than 30 years of industry experience, Reeder is affiliated with the Covington-Kent-Maple Valley John L. Scott office. She is a full-time, full-service real estate broker, serving the South King County region. She has a background in mortgages, home inspections, construction and real estate. Reeder is also a Certified Residential Specialist, representing only 3% of the Realtor® population. As a CRS, Reeder is a dedicated professional working to ensure her clients receive exceptional service by tapping into her extensive training.

Reeder specializes in staging and marketing her listings as well as helping buyers, whether they are first-time homebuyers or are downsizing or upsizing their current homes. When not listing or selling homes, Reeder can be found blogging about real estate or playing with her grandchildren and is active in the Kent community. She is a member of the Kent and Covington Chambers of Commerce, Kent Downtown Partnership and Kent Kiwanis, and she supports a number of local nonprofits. Reeder is married to Merle Reeder, who was recently appointed to the position of commissioner to the Soos Creek Water & Sewer District. Learn more about Reeder at MartiReeder.com.

Homebuyer FAQs: Mortgage and Closing Costs

What You Need to Know about Mortgage & Closing Costs

Whether you are a first-time homebuyer or a seasoned homeowner ready for your next home, it is important to understand mortgage and closing costs. Here are some frequently asked questions to help you better understand your options.

Buying a Home: Homebuyer FAQs re Mortgage Costs and Closing CostsQ:  What factors impact a mortgage interest rate?

A:  There are many factors involved when determining a homebuyer’s interest rate including credit score, loan type, home price, down payment and mortgage costs (for example, points, mortgage insurance and closing costs).

Q:  What other credit-related factors are important when financing a home?

A:  The better your credit, the lower your interest rate for a home loan is likely to be. Mortgage lenders consider your overall credit score, but they also consider your credit history with them, the amount of debt you already have, how much money you have in savings, your total assets and your current income. Learn more about credit reports and scores here.

Q:  What are points?

A:  Also called discount points, points lower your interest rate in exchange for a fee paid at closing. When you choose to pay points, you pay more at closing, but you lower your interest rate and pay less for the home over time. Points are related to the loan amount, and one point equals 1 percent of the loan amount. For example, on a $200,000 mortgage loan, 1 percent of the loan amount would be $2,000. Points are listed on your loan estimate and on the closing disclosure.

Q:  What is mortgage insurance?

A:  Many lenders require mortgage insurance for borrowers who put less than 20 percent down on the purchase of a home. The mortgage insurance lowers the risk to the lender, making it easier for you to qualify for a home loan. The cost of the mortgage insurance is included in your monthly mortgage payment, increasing your monthly mortgage payment. The cost of private mortgage rates varies depending on the borrower’s down payment and credit score.

Q:  What closing costs will I have to pay?

A:  Closings costs, the amount of money you’ll need to pay when you close on the purchase of your home, vary. Sometimes these costs are paid out of pocket, but some lenders will roll these costs into the total loan amount of your mortgage. Certain closing costs may also be negotiated with the home seller and the home seller’s agent. Common closing costs include appraisal fees, title insurance, government taxes, tax service provider fees, and prepaid expenses (for example, property taxes, homeowner’s insurance and interest between the time of closing and the time your first payment is due).

For more information on interest rates, credit, points, mortgage insurance, closing costs and more, download this free home loan toolkit offered by the Consumer Financial Protection Bureau. It has some great information and checklists to help you through the home buying process. An experienced Realtor® can also answer these questions and guide you as you make decisions about buying a home.

Good luck!

Sources: Consumer Financial Protection Bureau

Kent Realtor® Marti Reeder Wins John L. Scott Chairman’s Circle Award, Named Top Producer for 2015

Marti Reeder, Realtor® and Broker for John L. Scott’s Covington-Kent-Maple Valley office, is excited to announce that she was the Top Producer in her office for 2015, and she earned one of John L. Scott’s highest honors – the Chairman’s Circle Award – for her top grossing real estate sales in 2015.

2015 Chairmans Circle black“I would like to thank and congratulate our John L. Scott award recipients for the role they played in helping their valued clients achieve the American Dream of home ownership.” — J. Lennox Scott, Chairman and CEO, of John L. Scott, said in an announcement about the 2015 award winners.

Last year, Reeder also received the Chairman’s Circle honor for a productive and profitable 2014, and has earned a president’s award from John L. Scott every year since 2007. The awards signify that Reeder is a top Realtor® for John L. Scott and that she has worked tirelessly to help her Kent area clients successfully buy and sell their homes.

The latest John L. Scott awards join a collection of other remarkable honors Reeder has received throughout her real estate career, including being voted “Best Real Estate Agent” by readers in the Kent Reporter’s annual “Best of Kent” contest. Reeder has been named “Best of Kent” seven times, in 2008, 2009, 2010, 2012, 2013, 2014 and 2015. Reeder has also been named a “Five Star Real Estate Agent – Best in Client Satisfaction” by Seattle Magazine four times.

Marti FB profile pic“Since the economy has bounced back from the recession, the real estate market has become very competitive with many buyers but not enough sellers. I am grateful that buyers and sellers in Kent and its surrounding communities have turned to me to help them navigate this hot real estate market,” Reeder said.

“Being able to help families and individuals in our community to purchase their own homes is very rewarding, and I’m happy to say their home purchases have a direct impact on our local economy,” added Reeder. “I am grateful that I have had the opportunity to help so many. To be recognized by my company as a top producer is an added bonus. I love my job!”

As a lifelong resident of King County, Reeder works with clients throughout the greater Seattle area, with a concentration in the South King County communities of Kent, Covington, Maple Valley, Auburn, Black Diamond and Renton. As a Certified Residential Specialist (CRS), Reeder also dedicates her time and expertise to educating home buyers and sellers on the value of home ownership and ensuring that they understand the ever-changing real estate and mortgage industries, including new rules and regulations that may affect them.

For more information about Reeder or to talk to her about your real estate needs, visit MartiReeder.com or call 253-859-8500 (office) or 206-391-0388 (cell). You can also read testimonials on Realtor.com and Zillow.

About Marti Reeder:

With 11 years as a Realtor® and more than 30 years of industry experience, Reeder works out of the Covington-Kent-Maple Valley John L. Scott office. She is a full-time, full-service real estate broker, serving the South Puget Sound region. She has a wide range of experience in mortgages, home inspections, construction and real estate. In 2014, Reeder helped 35 families buy or sell homes. Reeder is also a Certified Residential Specialist, representing only 3% of the Realtor® population. As a CRS, Reeder is a dedicated professional working to ensure her clients receive exceptional service by tapping into her extensive training.

Reeder also specializes in staging and marketing her listings as well as helping buyers, whether they are first-time homebuyers or are downsizing or upsizing their current homes. When not listing or selling homes, Reeder can be found blogging about real estate or playing with her new grandbaby and is active in the Kent community. She is a member of the Kent and Covington Chambers of Commerce, Kent Downtown Partnership and Kent Kiwanis. Learn more about Reeder at MartiReeder.com.

 

A Holiday Message from Marti Reeder & Team Marti

Every year at this time, I am amazed at how quickly the year has gone. Personally and professionally, we’ve had some wonderful highs, along with a few lows, but we stuck together and got through it all.

As 2015 comes to a close, I want to take a moment to thank you for your friendship and support this year. I am grateful to have had the chance to help Kent area families realize their dreams of home ownership and to help others set goals to buy a home in the future. I couldn’t have done it without you – or my fabulous team – by my side. Thank you.

Wishing you a very Merry Christmas and the happiest of New Years! May all your dreams come true in 2016.

All the best,

A Holiday Message from Marti Reeder & Team Marti

 

 

 

 

 

 

 

 

 

Marti Reeder and Team Marti

(L to R: Mandie Gramann, Marti Reeder, Merle Reeder, Valerie Mays)

Credit Basics: Establishing and Maintaining Good Credit

money managementTo buy a home, you need to have good credit. SmartAsset says you need a minimum credit score of 660 to qualify for a mortgage loan, but the better your score, the easier it will be to qualify for a home loan. Another benefit to a good credit score is that you may qualify for a lower interest rate. Lower scores mean higher rates and, therefore, higher mortgage payments.

Here are some credit basics to help you establish and maintain good credit.

  1. Understand credit basics. You should know what credit is, how it works, and what the benefits of having good credit are. Credit is your ability to obtain goods and services now, and pay for them later. Lenders will let you borrow money at an agreed-upon amount, rate, and payment terms. Borrowing will help you to establish a credit history. Good credit can give you more options down the road, helping you qualify to borrow in the future and with more favorable terms. For more tips, see Wells Fargo’s “Good Credit Habits.
  2. Know what establishes credit. This will help you establish short and long-term goals. This is particularly important if you will be buying your first home. If you have a student or auto loan in your name, you likely have credit. Try acquiring a secured credit card in your name, a gas or retailer card, or become an authorized user on a trusted person’s account.
  3. Know what constitutes a good credit score versus a poor one. An excellent credit score is having one at 760 or above, where having a poor one is 620 and below. Most lenders won’t let you work with them if your score is under 620. A good credit score ranges from 700-759. A higher score will mean lower interest rates, and a lower score will mean higher interest rates.
  4. Pay on time, every time. To establish good credit, you need to pay your bills on time every month. This includes credit cards, loan payments, line of credit payments, utility bills, medical bills, etc. The credit card and loan payments will show up on your credit report. Other bills like utilities and medical bills probably won’t, unless they are past due and go into collection. At that point, they will be added to your credit report, negatively impacting your credit score.
  5. Keep track of bank and credit balances. It is important to stay within your credit limits and to never exceed them. Wells Fargo suggests using 30% as a good rule of thumb. To maximize your credit score, use no more than 30% of your total credit limit and lines of credit. Online banking is a good way to track bank, loan and credit card balances. [Bonus tip: To avoid fraud, be sure to use unique and complex passwords for each account, and never access them from public WiFi.]
  6. Be financially responsible. Paying bills in your name – even those that won’t get reported to the credit bureau – demonstrate your responsibility with money and can help you qualify for additional credit. You can do things like open a checking account, use your debit card responsibly, avoid overdrafts, and build a savings account for your down payment.
  7. Pay attention to additional factors that affect your score. Other factors impact your credit score, including time at your job, time in the industry, overall payment history, total amount owed compared to your total credit limit, length of credit history, and new credit and types of credit used.
  8. Maintain a favorable debt-to-income (DTI) ratio. To calculate your DTI, add up all of your monthly expenses including housing, alimony or child support, loans, credit cards and other debts. Do not include groceries, utilities, gas and taxes. Divide your total gross monthly income – income before taxes – by your total debt. The result is your DTI ratio. Wells Fargo says a DTI ratio less than 35% is optimal, 36% to 49% needs some work, and 50% or more is a problem.
  9. Monitor your credit reports. There are three credit bureaus: Equifax, Experian and TransUnion. Monitor each on a regular basis to identify and correct errors and detect fraud. Every consumer is entitled to one free annual credit report. Click here to learn more.

These tips will help you establish and maintain a good credit score. For additional tips on how to qualify for a home loan, contact your local Realtor® or a mortgage lender.

 

Testimonial: “Marti is passionate about what she does…”

Marti FB profile pic“Marti is passionate about what she does and it shows in her research and excitement when showing her homes. We were interested in a rental home and even though we never did buy one yet, Marti was always helpful and patient with us and willing to show us the homes and was genuinely excited for us and always willing to share her concerns based on her years of experience when we needed to be cautious too. We would without hesitation recommend her to our friends.”

~ Chris & Lisa D., April 2014, Stik.com

Testimonial: “…warm, friendly, a trusted partner…”

Marti FB profile pic“Marti and I started in the real estate industry at about the same time. As a home inspector, I have met and worked with a number of agents. Marti is at the top of the heap, in my opinion. Warm, friendly, a trusted partner to her clients. She is always working, to give the very best in customer service.”

~ Ken McNabb, Home Inspector on Stik.com
Ken-Spect Property Inspections

 

Testimonial: “…dedicated, knowledgeable, reliable and personable”

key-96233_640“Marti is dedicated, knowledgeable, reliable and personable. She helped my husband and I navigate buying our first home – which was a short sale that ended up going through as fast (if not faster) than a normal home sale (and we moved in just in the nick of time to welcome our firstborn son into the world).”

“She has since then been available to us with information about the housing market to help us settle whether or not we might want to start thinking about selling our home. She will be our lifelong Realtor – if we should find ourselves in the buying/selling market in the future. You will not regret choosing Marti as your Realtor.

~ Arielle S., April 2014, on Stik.com

 

 

Testimonial: “I needed a little hand holding…”

5 ways to increase your home's value before selling“For several years I saw Marti’s name, in regards to real estate, in my local paper. I saw that she was the “Best of” for Realtors for a couple of years. I knew that, when I sold my home, she was going to be my Realtor. I was not disappointed.

“I told Marti why I was selling and why it was so important for me to do so. I was confident, upon that first meeting, that my house sale would go well. Marti and her team are incredible. Everything that she said was going to happen did and in a timely manner! My house sold within days of going on the market. Even when I needed a little hand holding through the process Marti was there, which made me even more confident that I had made the right decision in choosing her as my Realtor.”

~ Dina P., Kent, WA

See more testimonials about Marti Reeder on Stik.com