2020 Parade of Homes

2020 Virtual Saturday, September 12 - Sunday, September 20

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Nicely built.

Well financed.

Thanks to our local builders, suppliers and subs, for this year’s amazing Parade of Homes™.

We’re always pleased to partner with home builders and buyers.

Talk to one of our local experts today.

Home Mortgages: 509-544-8222 Construction & Development: 509-736-1985 bannerbank.com

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Here’s everything you need to know about buying or selling a home during a pandemic hile the COVID-19 pandemic has impacted real estate transactions across the country, people are still buying and selling their homes.

“Realtors® across the country have implemented a range of innovative and secure solutions to comply with social distancing directives while still enabling people to buy and sell homes,” said NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, Calif. “In these difficult times, Realtors® are also more than just service providers. They are engaged community members, committed to building and enhancing the neighborhoods they serve, from checking in on neighbors and friends to offering guidance to their clients.”

As home buyers and sellers adjust to these extraordinary circumstances, the National Association of Realtors® offers advice on how to navigate this new temporary real estate reality.

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through virtual home tours. Buyers that decide to go on a virtual tour should ask their Realtor® questions about things that are more difficult to experience and understand through video, such as size (e.g., height of the ceilings or dimensions of rooms) or materials, including the flooring or countertops.

INTEREST RATES ARE LOW Interest rates are at historic lows; however, that could change given the fluidity and uncertainty surrounding COVID-19.

As more people file for unemployment, mortgage lenders may tighten lending standards, subsequently driving rates up.

Or delayed demand could push rates further down. Potential buyers can prepare for home ownership by understanding their budget, building a good credit history, and getting prequalified for a mortgage. Some lenders even allow borrowers to lock in interest rates for limited periods of time - with now being a great time because of the low interest rates.

WHAT BUYERS NEED TO KNOW HOME TOURS WILL LOOK A LITTLE DIFFERENT Where in-person showings are still offered, potential buyers can expect quicker tours and may be asked to take extra precautions such as removing shoes, using hand sanitizer and avoiding touching anything in the home.

Many sellers have offered virtual tours of their homes through videos or live video streams. In fact, according to a recent NAR survey on the pandemic’s impact on real estate, three in five Realtors® said they are guiding buyers

DON’T EXPECT A DISCOUNT Nationally, home prices are holding steady, with the majority of home prices the same or higher from one year ago, according to NAR. At the same time, new home listings are down as sellers delay listing their homes. Serious buyers should submit competitive offers, and their Realtors® will advise them on exactly what that looks like for their respective markets.

EXPECT DELAYS The entire industry — from lenders to Realtors® to home inspectors to title

companies — is adapting to the sudden and unforeseen transition of operating in a nearly contact-free environment. Those terminating a lease should leave some wiggle room, even an extra month or two, between moving out of a rental and into a new home in case of an unexpected delay. Hiring moving crews may prove challenging, so buyers should give them as much notice ahead of their move as possible.

WHAT SELLERS NEED TO KNOW Sellers face potential challenges, too.

Keep an eye out for any expected delays either in the transaction process, such as the ability to get paperwork signed or having appraisers or inspectors onsite due to social distancing rules.

USE TECH TOOLS TO HELP MARKET AND SHOW YOUR HOME At a time when in-person showings may be inadvisable, and even prohibited, there are many digital tools available to continue marketing and showing your home. A Realtor® can help coordinate three-dimensional interactive property scans, virtual tours (either pre-recorded or live), on-demand open houses and virtual staging to showcase your property. If sellers do receive an offer on their home, their Realtor® has the ability to present it to them virtually.

TAKE STEPS TO PROTECT YOURSELF Buyers have purchased properties “sight unseen” for a variety of reasons long before this pandemic. However, most buyers do not have experience purchasing a property without physically

visiting it. Sellers may want to include language in the purchase agreement that ensures the buyer acknowledges that they are responsible for personal verification, walkthroughs and professional inspections to confirm that the property meets their needs.

BUYERS ARE STILL SEARCHING Just because fewer buyers are touring homes in person doesn’t mean they’ve stopped searching for homes. Many are stuck at home, so you can bet they’re browsing online more now than ever.

Sellers should think twice before they drop their price as nearly three in four Realtors® say sellers have not lowered prices to attract buyers during the pandemic. As potential buyers increasingly browse homes online, having attractive and accurate photos and videos is even more important. Sellers may want to consider using this extra time at home to make updates around their home and take fresh pictures for those starting their search online.

MORE ADVICE FOR BUYERS AND SELLERS NAR encourages buyers and sellers to follow CDC guidelines to protect their health and safety. NAR also developed the infographic below with additional advice on how to get the most value out of working with a Realtor®. For more information and resources on buying or selling a home visit www.houselogic.com, and to find a local Realtor® visit www.realtor.com.

— Brandpoint

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1. Gretl Crawford Homes & Interiors 3313 Road 92, Pasco N 46 15 32.023 W 119 12 41.207 2. Hageman Custom Homes LLC 2640 Tiger Lane, Richland The Heights at Meadow Springs N 46 12 46.960 W 119 14 46.892 3. Hayden Homes 692 Marysville Way, Richland Cottages at Clearwater Creek N 46 12 38.355 W 119 14 51.069

4. New Tradition Home 8318 Silver Mound Dr, Desert Sage N 46 17 09.425 W 119 1

5. Prodigy Homes, Inc. 2632 Falcon Lane, Rich Falconcrest N 46 12 51.645 W 119 1

6. Riverwood Homes W 1224 Medley Dr, Richla Jolianna Heights N 46 14 24.308 W 119 1

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7. Titan Homes LLC 4766 Roark Dr, Richland West Village N 46 13 03.371 W 119 20 23.081 8. TMT Homes (NW), LLC 3652 W 49th Ave, Kennewick South Hills 46.1677077, -119.1726524

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Here’s to the helpers.

We celebrate you.

#ShineThrough

Federally insured

by NCUA.

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Premier Sponsor

Hayden Homes

1574 sq ft

692 Marysville Way • Richland Cottages at Clearwater Creek The 1574 square foot Hudson is an efficiently designed, mid-sized single level home offering both space and comfort. The open kitchen is a chef’s dream, with counter space galore, plenty of cupboard storage and a breakfast bar. The expansive living room and adjoining dining area complete this eating and entertainment space. The spacious and private master suite boasts a dual vanity bathroom, optional separate shower and an enormous closet. The other two sizeable bedrooms, one of which may be converted into a den or office, share the second bathroom and round out this well-planned home.

Hayden Homes has been building affordable, award-winning homes in Northwest communities for over 30 years, making possible the dream of home ownership for more than 16,000 hardworking families since 1989.

Since then, Hayden Homes has directly and indirectly generated $2.1 Billion in wealth for the Northwest economy. We have also helped 77 families realize the dream of home ownership through our partnership with the First Story organization.

Subcontractors and Suppliers Air-Tech Services and Filters LLC American Rock Products A CRH Company Builders FirstSource Cost Less Carpet Double A Plumbing, LLC E M Drywall LLC Frontier Title & Escrow

GE Appliances Generation Plastering LLC Huesitos Company II LLC Huntwood Custom Cabinets Intermountain West Insulation, Garage Doors & Paint Parr Lumber Company Perfection Glass Inc

Provident Electric Inc Sherwin Williams The Truss Company Wayne Dalton Genie Sales Center dba Nationserve Div/ Overhead Door Corp.

Western Materials Inc

Hayden Watson & Dennis Murphy

(509) 524-8651 • hayden-homes.com © Hayden Homes. All rights reserved.

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New Tradition Homes

3036 sq ft

8318 Silver Mound Dr • Pasco • Desert Sage Live at ease in The Whidbey, a flexible plan with 3 bedrooms, 2.5 baths, den, recreation room, great room, optional patio cover and 3-car tandem garage. Showcased in this house, is our Multi-Gen plan option which includes a full guest suite and flex area with kitchenette on the main floor. This home offers an open concept main level with a spacious great room, open to the kitchen with an oversized island and dining area. The second level has two bedrooms, recreational room, master suite and bathroom. The master suite features a large walk-in closet, bathroom with double vanity, shower and raised tile-in tub.

New Tradition Homes began in 1987 with the Helmes family dream to build new homes of high quality, enduring design and lasting value. We named our company New Tradition Homes to demonstrate the combined excitement of building new lives, new memories, and new traditions in a new home. Today we are one of the largest homebuilders in Washington State, having built thousands of homes.

Subcontractors and Suppliers A-1 Landscaping LLC Builders FirstSource Capitol Concrete Pumping LLC Chinook Heating & Air Columbia Paint & Drywall Connell Sand & Gravel D & D Tri River Excavating Inc Fred’s Appliance Inc Great Floors Intermountain West Insulation, Garage Doors & Paint Kiona West, Inc Olympic Exteriors

Parr Lumber Company Perfection Glass Inc Plygem Windows Prairie Electric Inc Royal Roofing Inc Starlight Construction Inc Traffic Jams LLC Wayne Dalton Genie Sales Center dba Nationserve Div/ Overhead Door Corp.

Chris & Kelly Helmes

(509) 416-2868 • newtraditionhomes.com © New Tradition Homes. All rights reserved.

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Prodigy Homes, Inc.

3200 sq ft

2632 Falcon Lane • Richland • Falconcrest Welcome to the Beethoven! This 3200 square foot home is established on the hilltop of Richland’s Falconcrest community. Thoughtfully designed, this home includes 3 bedrooms, an office, an added bonus room, and 2.5 baths.

This stunning home highlights modern finishes that are sure to delight its visitors. As you tour this home, enjoy the grand tall ceilings and Prodigy’s signature ceiling treatments in the entry, family room, and master bedroom. Moving forward you will find the magnificent entertainment center, exquisite kitchen cabinetry, and double slider. Branching from the main area, each bedroom is completed with walk-in closets.

All these dazzling features make this year’s Prodigy home a must-see.

Prodigy owners Jason and Jasmine are excited to be a part of the Parade of Homes™ once again. They strive to provide The Best Experience in home building by constructing homes far above the “standards” other builders have adopted. For over ten years, Prodigy Homes, Inc. has consistently proved their time-tested reputation, distinct workmanship, and superior customer service. Let Prodigy’s dedicated team work for you!

They invite you to take a closer look at their unique streamlined process at homesbyprodigy.com.

Subcontractors and Suppliers American Rock Products A CRH Company Builders FirstSource Century 21 Tri-Cities - Vicki Monteagudo Columbia Paint & Drywall Inc Columbia River Concrete First Interstate Bank Fred’s Appliance Inc

Great Floors Huntwood Custom Cabinets Intermountain West Insulation, Garage Doors & Paint KIE Supply Corp Mark Johnson Designs Inc Oldcastle Belgard Hardscapes and Masonry Perfection Glass Inc

Traffic Jams LLC Triple S Excavating, Inc Western Materials Inc Wire-Tech Electric Inc

Jason Wilkinson

(509) 737-6227 • homesbyprodigy.com © Prodigy Homes, Inc. All rights reserved.

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Do the math: Buying a home now may be more affordable and save some cash t a time when the strength of the U.S. economy and personal finance is on most renters’ minds, low down payment mortgage options are more appealing than ever. With mortgage interest rates being at historic lows, it is possible to qualify for a home loan while keeping a rainy day fund.

Private mortgage insurance (MI) has been around for decades and helped over 1.3 million homebuyers last year. It is a temporary cost that allows for a down payment as small as 3% of the purchase price. While some borrowers wait until they save 20% for a down payment, the added years of saving can translate to higher interest rates and more expensive home prices.

“Renters who are on the hunt to buy should do the math and consider what is best for them, because many times they will find that buying with a low down payment insured mortgage is in their best interest. It may enable them to attain homeownership sooner than they otherwise could, which helps them take advantage of historic low rates and keep some of their savings intact,” said Lindsey Johnson, President of U.S. Mortgage Insurers (USMI).

If you are one of these renters looking to buy your first home but don’t have 20% down, don’t worry, you are not alone.

According to the National Association of Realtors,

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NUTHAWUT SOMSUK Getty Images/iStockphoto

Low down-payment mortgage options are more appealing than ever. Do the math. Buying a home now pencils out.

the median down payment in 2019 was 6% for firsttime buyers.

It is true you can qualify for a conventional mortgage with a down payment as small as 3% of the purchase price. In today’s market, it could take a family earning the national median income up to 21 years to save 20%, according to calculations by USMI.

HOW CAN BUYING NOW SAVE YOU MONEY LATER? Consider you want to purchase a $275,000 home. When you account for closing costs (about 3% of the sales price), a 5% down payment is $13,750 versus $63,250 in cash for 20% down. With a 740 credit score at today’s MI rates, your monthly MI payment

would be about $115, which is added to your monthly mortgage payment until the MI can be cancelled. MI typically cancels after five years.

With home price appreciation, today’s $275,000 home will likely cost more in the years ahead. This will also have an impact on the necessary down payment and length of time required to save for

it. There are other variables in the equation too, such as interest rates. As interest rates rise, so too will the cost of financing.

Not all MI is the same.

Importantly, “FHA Loans” are governmentbacked loans insured by the Federal Housing Administration versus a private insurer. These mortgages require a slightly higher

down payment, the insurance is permanent, and the monthly premiums generally cannot be cancelled.

There are lots of online mortgage calculators that can help you decide if the time to buy is now.

Check out lowdownpaymentfacts.org to learn more.

— Brandpoint

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Premier Sponsor

7

Titan Homes LLC

1771 sq ft

4766 Roark Dr • Richland • West Village Enjoy the amazing sunsets of Badger Mountain from the backyard of this beautiful Titan home off Dallas Road in Richland. This modern farmhouse has a twist of elegant and rustic touches throughout. It features 3 bedrooms, 2 bathrooms, a large great room with vaulted ceilings and a covered patio for outdoor living space. From the stunning upscale appliances, to all the smart home features and the beautiful backyard landscaping, this charming 1,800 square foot home has something for everyone in the family!

Titan Homes LLC has been providing Tri-Cities families with high-quality, well-built homes since 2007. Known for their outstanding customer service, Titan strives to provide a building experience like no other. From their ability to customize your plan to suit your needs, to their follow through long after the house has closed, Titan Homes LLC is a company that wants to earn your business. Come visit titanhomesllc.com for more information today.

Subcontractors and Suppliers A+ Masonry, LLC Absolute Power Inc American Rock Products A CRH Company Budget Blinds Builders FirstSource Capitol Concrete Pumping LLC Century 21 Tri-Cities - Keely Sterba Chinook Heating & Air

Columbia River Concrete E M Drywall LLC Intermountain West Insulation, Garage Doors & Paint Murley’s Floorcovering North Country Concrete Inc Perfection Glass Inc Prieto Landscaping LLC Sherwin Williams

Ticor Title Company Triple S Excavating, Inc Wayne Dalton Genie Sales Center dba Nationserve Div/ Overhead Door Corp.

Western Materials Inc Yakima Federal Savings & Loan

(509) 572-8492 • Titanhomesllc.com © Titan Homes LLC. All rights reserved.

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Premier Sponsor

8

TMT Homes (NW), LLC

2859 sq ft

3652 W 49th Ave • Kennewick • South Hills Words fall short in accurately describing the stunning offering by TMT Homes to the 2020 Parade of Homes™. Perched atop the Tri-Cities in the serene neighborhood of South Hills Estates, its sweeping views will take your breath away. This home offers two master suites, guest room, flex space and four bathrooms. Panoramic glass doors seamlessly blend indoor and outdoor living spaces, opening to an expansive, covered patio. This exquisite outdoor oasis features a dazzling, heated, inground pool and cozy fire pit area. Filled with thoughtful details, exceptional use of form and function, and fresh contemporary style, this home is a standout.

Nora Wolf has always known her calling was homebuilding. Driven by aspirations to cultivate her local community, she enthusiastically pursued her profession as it evolved into a successful career. As CEO of TMT Homes, Nora confidently curates life and industry experience, consistently raising the standard of homebuilding. For over 30 years, the TMT family has been dedicated to building homes of enduring quality and design for the Tri-Cities. Their unwavering commitment to integrity, excellence in their craft, and outstanding customer care makes the team at TMT the perfect choice for your homebuilding needs.

Subcontractors and Suppliers AAA Concrete Air-Tech Services and Filters LLC Brashear Electric Inc Builders FirstSource C & C Construction Services Inc Cascade Title

Cost Less Carpet Double J Excavating GE Appliances Intermountain West Insulation, Garage Doors & Paint Mullins Enterprises, LLC

Perfection Glass Inc Retter & Company Sotheby’s International Realty Traffic Jams LLC Tru-Door Inc

Nora Wolf

(509) 627-0743 • tmthomes.com © TMT Homes (NW), LLC. All rights reserved.

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