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Welcome to Advanced Realty Group

We are happy to provide all the information you need to buy or sell real estate in Pasco, Kennewick, Richland, West Richland, Burbank and surrounding areas. As premier real estate Broker in Tri-Cities, we look forward to serving you and will be happy to help at any time.

Serving the Tri-Cities Area for 21 years with Residential Home Purchases & Sales, New Construction, Multi-Family Homes, Farms and some Commercial too. My Real Estate Designations: (CRS) Certified Residential Specialist (ABR) Accredited Buyer Representative (SRES) Senior Real Estate Specialist (e-Pro) Internet Pro Designation and the Designated Broker you can trust to help you with your Real Estate Needs. When you want someone with experience, knowledge, outstanding negotiation skills, marketing & up to date with the current issues in the ever changing industry, you can put your trust in Mary Lynn Heinen, Advanced Realty Group. Search homes at your leisure at www.TriCityHomes.org

Serving Tri-Cities Home Owners & Investors Since 1993!

To View Homes - Click on City: Kennewick, Pasco, West Pasco, Richland, West Richland, Burbank, Eltopia, Finley, Benton City, Mesa, Connell

Learn More About Me

FOR BUYERS

Whether you are a first time homebuyer or a seasoned veteran we have all the resources you need to buy real estate in Pasco, Kennewick, Richland, West Richland, and Burbank.

FOR SELLERS

Find out how much your home is worth and how we can help you get top dollar for your home.

MaryLynn's Blog

The Mortgage Process: What You Need to Know [INFOGRAPHIC]

The Mortgage Process: What You Need to Know [INFOGRAPHIC] | Simplifying The Market

The Mortgage Process: What You Need to Know [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.
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Mortgage Rates on FIRE! Home Prices Up in Smoke?

Mortgage Rates on FIRE! Home Prices Up in Smoke? | Simplifying The Market

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

What impact will rising rates have on house values?

Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop.

However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate.

Let’s look at home prices the last four times mortgage rates increased dramatically.

Mortgage Rates on FIRE! Home Prices Up in Smoke? | Simplifying The Market

In each case, home prices APPRECIATED and did not depreciate. No one is projecting as dramatic an increase in rates as the examples above. Most are projecting an increase of approximately 1% by the end of the year.

The last time mortgage rates increased by 1% over a twelve-month period was January 2013 (3.41%) to January 2014 (4.43%). What happened to house prices during that span? They appreciated by 9.8%.

Just two weeks ago, Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting explained:

“Mortgage rates have risen 1% or more ten times in the last 43 years, with little impact on home sales and prices when the economy was also strong…Historically, rising confidence, solid job growth, and higher wages have more than offset reduced demand for housing resulting from higher mortgage rates.”

Bottom Line

When mortgage rates increase, history has shown that prices appreciate (and do not depreciate) during that same time span.

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80% of Renters Believe Homeownership is a Part of Their American Dream

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream.

The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing that an increase in rent will be the catalyst that pushes them to consider buying a home vs. renewing their lease.

So, what is holding renters back?

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

What would make renters take the plunge?

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The Market

NAR’s Chief Economist, Lawrence Yun believes that,

“Housing demand in 2018 will be fueled by more millennials finally deciding to marry and have kids and the expectations that solid job growth and the strengthening economy will push incomes higher.”

Yun goes on to warn that,

“However, with prices and mortgage rates also expected to increase, affordability pressures will persist. That is why it is critical for much of the country to start seeing a significant hike in new and existing housing supply. Otherwise, many would-be first-time buyers will be forced to continue renting and not reach their dream of being a homeowner.”

Bottom Line

If you are one of the many homeowners whose houses no longer fit their needs and are looking to move up to your dream home, now is a great time to list your starter home! First-time buyers are out in force looking to achieve their American Dream.

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Blog

Winter Selling Your Home in Pasco, Kennewick or Richland WA

People across the country are beginning to think about what their life will look like next year. It happens every Fall. We ponder whether we should relocate to a different part of the country to find better year round weather or perhaps move across the st... Read more
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Testimonials

”We couldn’t have picked a more sensitive and committed Realtor in the Tri-Cities. Mary Lynn dedicated an entire afternoon to show us the area, before we even decided to relocate from the Midwest. Her energetic personality and hard work minimized the stress of house hunting during a major transition for our entire family” Makyla Iverson, owner of Canvas Diva Designs
We can’t thank you enough for all that you did for us. Selling our house, buying our lot, and working with Rick & Jack and for working with Ivy Glades Design Review Committee. We would have never gotten through this process without you. Many thanks for all the many ways you make life nicer. Ellen & Glenn Wright
Mary Lynn moved the sale of our home very swiftly and professionally and removed the stress that goes along with the sale of a home. As in football terms, she took the ball and ran with it! Gayle and I feel that Mary Lynn did such a great job that we will use her as our agent to get us settled into our new town house. A big thank you to you Mary Lynn, as we know that we made the right decision in picking you for our real estate agent. P.S. Anyone planning a sale of their home or property, we highly recommend contacting Mary Lynn Heinen, and attaining her for as their sales agent. Raymond & Gayle Kohne
Mary Lynn Heinen: was recommended by a friend, Heidi, who she helped find an awesome home when relocating to the Tricities and later helped her sell the house when a new job took her away from the Tricities. Both of these times were extra ordinarily stressful times for Heidi and MaryLynn work hard to make the deals happen efficiently and professionally. She was not just interested in the sales, but was truly concerned for her client circumstances. When my husband and I began looking for a new home we met with MaryLynn and she immediately wanted to learn what we were looking for and our expectations of her in helping us find our home. She showed us houses that met our description and was patient with us. We took an unusually long time to find what we wanted and she never pressured us nor gave up on us as clients. Once we found what we wanted she walked us through the process and has followed up with us to be sure we are satisfied. The stand out for us was that she honored our request to not be called "all the time", listened to us, cared about satisfying her clients not just making the sale. Truly a professional who knows her business and appreciates her clients. We would highly recommend her." Deborah Glatt
MaryLynn was reserached and recommended to me by another realtor I was working with in Western Washington. MaryLynn worked closely with me to find and purchase the right home for me in Richland, WA. She listened to my needs, assertively sought showings during my "time crunch" before moving, knew quality mortgage lenders, and kept a delightful sense of humor and perspective on the process. Five years later when I needed to sell, I did not hesitate to reconnect and solicit her help in marketing, staging, and selling my property. She knew the local and regional market dynamics, best strategies for showing the home, and hosted an open house which was attended by over a dozen prospective buyers in one day. MaryLynn suggested quality repairmen, coordinated with a local home staging service and mortgage lenders to provide full service options to buyers. While still in the Great Recession, my home sold at a profit in under two months. I highly recommend MaryLynn for her knowledge of the area, connections with quality vendors, and her deep understanding of the pressures buyers and sellers face when moving in to the Tri-Cities and again when leaving.See More" Heidi Weisert-Peatow
I live down the road from MaryLynn, but we also attended high school together. She is excellent at what she does. My son was looking to buy a house so I recommended that he work with MaryLynn. He was a "Property Virgin" and she handled him skill but carefully! She was able to explain any the details required in buying a home in a manner that he was not overwhelmed. It took several houses before he finally decided on his starter home and she was very patient with him. She knows her business but is also knows how to treat her clients. One other thing is that she is a Go-Getter!See More" Dana Kranz
Mary Lynn is a very knowledgeable and dedicated real estate professional. She has provided excellent service to me for multiple transactions and I wouldn't use any one else. I highly recommend her. You will be given excellence service and dedication with your home sale/purchasing needs. She makes herself available to you 24/7 until you have made the sale or purchase. She has given me some very helpful tips to improve my rental business and she has become a good friend.See More" 04/13/2012 Marjean Dunn
MaryLynn is a very honest and reliable Broker who takes pride in finding everything in a home she can that will please her buyers. She also works continuously to advertise and showcase the homes of sellers. She is very straight forward and knowledgable about what changes may or may not need to be done to sell a home. She also stays involved in the education and continuous changes in reality." 07/29/2013 Angel Moody
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Blog

Winter Selling Your Home in Pasco, Kennewick or Richland WA

People across the country are beginning to think about what their life will look like next year. It happens every Fall. We ponder whether we should relocate to a different part of the country to find better year round weather or perhaps move across the st... Read more
View All