2913 73rd Avenue NE Marysville - $269,950
This bright and open floor-plan has 3 bedrooms and 2 bathrooms. Offers gorgeous sweeping views of downtown Everett, Olympic Mountains and the Ebey Slough. You can enjoy the views from the living room next to the fireplace. Chefs kitchen with tons of storage and windows to showcase the mountain views and access to the patio and fully fenced backyard. RV/Boat parking is located on the side of the 2-car Garage. This rambler offers it all located at the top of the cul-de-sac in a quiet neighborhood.
| ||||||||||
All information in this site is deemed reliable but is not guaranteed and is subject to change |
Tuesday, September 7, 2010
Homes for Sale Marysville
Saturday, September 4, 2010
Lynnwood Homes for Sale!
Lynnwood - 731 215th Pl SW - $299,000.00
This large, detached townhouse looks and feels like a house & seems bigger due to efficient design. Great room with beautiful laminate floors, Gas Fireplace, Vaulted Ceiling and Adjoining Deck. Sunny Family Room looks out onto a cute backyard with a play area. Master suite with full bath & large closet. 3 full bathrooms and 5 bedrooms! Gas furnace, Lots of storage, 2 car garage w keypad entry & built-in storage, Stonework detailing outside, Insulated Windows, Vinyl Siding, Quiet culdesac, 1-year warranty included! For more information contact Corey Kahler at 206-910-4654 or Erika Kahler at 425-985-4192.
| ||||||||||
All information in this site is deemed reliable but is not guaranteed and is subject to change |
The Cascade Team/ Bank of America Strategic Marketing Partnership
Along with our “Buyer Bonus” get $1,000 towards closing from BoA, and additional $1,000 for a energy efficient home, AND NO origination fees!
Get Prequalified With Bank Of America & Save $1000 On Your Closing Costs!
The Cascade Team Real Estate is pleased to announce the launch of our NEW strategic partnership with Bank of America Home Loans. As a valued client of The Cascade Team Real Estate, you'll receive $1000 off your closing costs with Bank of America Home Loans. In addition, to our buyer rebate program, this can substantially reduce your out of pocket expenses in closing your new home purchase. In addition, there is an additional $1000 credit if you are purchasing an energy rated home (ask your loan officer for more details). With no origination fees, Bank of America and The Cascade Team Real Estate can save you thousands of dollars on your next home purchase.
Get Prequalified With Bank Of America & Save $1000 On Your Closing Costs!
The Cascade Team Real Estate is pleased to announce the launch of our NEW strategic partnership with Bank of America Home Loans. As a valued client of The Cascade Team Real Estate, you'll receive $1000 off your closing costs with Bank of America Home Loans. In addition, to our buyer rebate program, this can substantially reduce your out of pocket expenses in closing your new home purchase. In addition, there is an additional $1000 credit if you are purchasing an energy rated home (ask your loan officer for more details). With no origination fees, Bank of America and The Cascade Team Real Estate can save you thousands of dollars on your next home purchase.
Value Hunters drive housing market in WA State.
“Value-Hunters” seizing opportunities to buy more affordable homes
around Western and Central Washington
KIRKLAND, Wash. (Sept. 3, 2010) – Value is what’s selling in the current housing market, according to members of Northwest Multiple Listing Service. Commenting on the MLS report summarizing August activity, directors agree conditions continue to favor buyers, although one industry official cautioned a looming change in mortgage insurance premiums could erode purchasing power.
Members reported 6,037 pending sales last month, the highest volume of mutually accepted offers since April when buyers scrambled to beat a tax incentive deadline. Last month’s volume was down nearly 20 percent from the same month a year ago when members reported 7,539 pending sales, but the total was up 8.4 percent from the number of transactions (5,571) notched during July.
“It is solidly a buyer’s market,” observed NWMLS director OB Jacobi, general manager of Windermere Real Estate Company. “The market is good for sellers who price their homes correctly,” he stated. “Homes that are priced right from the start, at every price range, are selling quickly and for very close to asking price. In this market, it's critical to price a home well from day one. If sellers plan to start high and gradually go lower, they'll price themselves out of the market.”
Prices on last month’s closed sales of single family homes and condominiums (combined) were down slightly (2.35 percent) from a year ago. The median sales price for last month’s 4,211 completed transactions across the 21 counties in the MLS system was $269,450. That compares to a year-ago median price of $275,945.
For single family homes (excluding condos) the median price was $275,000, down 3.5 percent from a year ago. Prices increased from 12 months ago in nine counties (Clark, Grays Harbor, King, Kitsap, Kittitas, Mason, San Juan, Skagit, and Thurston), led by San Juan (up 23.8 percent) and Mason (up 20.8 percent).
In King County, which accounted for more than one-third of last month’s closed sales of single family homes, the median price was $380,000, an increase of 1.3 percent from the year-ago figure of $375,000.
Along with lower prices and record low mortgage interest rates, buyers have abundant inventory to consider, further bolstering their bargaining position.
NWMLS members added 9,533 new listings to inventory last month. The mix included 8,172 single family homes and 1,361 condominiums. With these additions, the number of active listings at month end totaled 44,186, an increase of 6.4 percent from a year ago. Sixteen counties reported larger inventories than twelve months ago.
“The active listings inventory and the influx of new listings are still very strong for the buyers,” said NWMLS director Darin Stenvers, managing broker at John L. Scott, Inc. in Bellingham. The extremely low mortgage rates are enabling today’s purchasers to buy more home, but he said he believes buyers are learning from the past and seem to be buying the home they can afford, rather than the home they thought they could afford. Stenvers also noted the relatively flat prices, together with the large number of foreclosed and short sales transactions, are reflective of a buyers’ market.
Jacobi described the current pool of buyers as “value-hunters” with stable income and good credit. They’re taking the opportunity to purchase homes they couldn’t afford a few years ago, according to Jacobi, who noted this pool includes first-time buyers as well as move-up buyers with strong equity in their existing home.
Prospective purchasers may not be aware of a forthcoming change in annual mortgage insurance premiums, a change that can reduce purchasing power, emphasized J. Lennox Scott, chairman and CEO of John L. Scott Real Estate.
“Buyers may not be aware of plans by the Federal Housing Association to raise its annual mortgage insurance premiums by 3 percent on October 4. With FHA loans accounting for about half of all home loans, the change will affect a significant number of borrowers, Scott remarked.
“When you do the math on a $300,000 loan, the increase equates to an extra $81 a month or nearly $1,000 annually.” Conversely, he explained, “this effectively represents a 3 percent loss in purchasing power, which for your typical FHA borrower can make a big difference when trying to buy a home.”
Looking ahead, brokers and housing analysts expect a long, slow recovery of the housing market. Commenting on the latest activity report, MLS director Stenvers said, “I believe we are going to see this same type of market through the end of the year and into first quarter 2011.”
In a statement accompanying a National Association of Realtors® report on existing home sales for July, Lawrence Yun, NAR chief economists said the recovery looks to be a long process. “Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery,” he stated, adding, “Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. For those who bought at or near the peak several years ago, particularly in markets experiencing big bubbles, it may take over a decade to fully recover lost equity.”
Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes more than 24,000 brokers and agents. The organization, based in Kirkland, currently serves 21 counties in Western and Central Washington.
Friday, September 3, 2010
5 reasons to buy a home now!
Home ownership has long been the American dream. While many of us who bought at the top of the market or refinanced and took equity out of our homes find ourselves underwater in our homes, if you are looking to buy, now is a great time.
Here are five reasons to buy now!
1) Homes are down 30% for their market highs making home ownership more affordable than it has been in 10 years.
2) Mortgage rates are at all time lows. Rates as of 9-3-2010 just hit 4.34%. That means that not only is it cheaper to get into a home than it has been for years, but they money you pay on that loan is less expensive than it has even been which extends your buying power even further.
3) Large amount of inventory to choose from. I can remember the days when buyers needed to make a decision during a single weekend or the home they wanted would be snatched up by someone else. In today’s market there is a surplus of inventory. That means for owners to compete, you are finding homes with upgrades you used to pay extra for listed at the same price as homes without.
4) Builder discounts. Builder’s competing in this market are offering countless incentives. From free upgrade packages, special financing, to paying for closing cost.
5) Tax benefits. Most mortgage interest is tax deductable. Check with your accountant, but typically home ownership is the single largest tax deduction for the average American.
Start your NEW HOME search HERE with The Cascade Team!
New Listing - Issaquah Highlands
Issaquah - 2587 NE Julep Street - $385,000.00
Picture perfect home with rocking chair front porch ideally located on a corner lot in the heart of the Highlands! Chef's kitchen with granite counters, eating bar, upgraded cabinets and maple hardwood floor. The upper level features three bedrooms, open loft area and spacious laundry room. King sized master suite with ceiling fan, walk-in closet and luxurious bath with dual sinks. Recently painted both inside and out. Fully fenced yard with patio and grass area. Attached two car garage. For more information, contact Matt Jensen at 206-909-8200.
| ||||||||||
All information in this site is deemed reliable but is not guaranteed and is subject to change |
Wednesday, September 1, 2010
Banks to allow local groups to buy foreclosures
By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer –
WASHINGTON – Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors.
The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion in money to buy the homes.
These groups have been outbid by speculators who are snapping up foreclosures.
The administration says the largest mortgage lenders in the country, including Bank of America Corp. and Wells Fargo & Co. have agreed to let the groups purchase the properties ahead of private speculators.
Subscribe to:
Posts (Atom)
