Saw a great FSBO home in North Admiral Today

Great 1908 Craftsman, everything remodeled from ground up! A must see, let me know if you would like to see this or any other For Sale By Owner property.

Great News Seattle

The Seattle Market is showing signs of stabilizing and working towards climbing again

via Seattle%2Darea%20home%20prices%20rise%20for%202nd%20straight%20month%20in%20November.

$15,000 Price Reduction/ Now $170,000 in Boulevard Park

New Price, 15K Price Reduction. Great 3 bedroom condo next to the golf course! Swimming pool as an amenity. 2 baths, spacious living/dinning area, sliding doors to deck the width of the condo. Beautiful carpet in living areas. Master Suite. Wood burning fireplace, laundry room. Walk in straight from the parking, no stairs. Extra paned windows.

For more information please see the full listing at:  Listing Information

Contact me to arrange a showing.

Open Tomorrow From 10:30-12:30: New Listing In West Seattle $1,324,000

Open Tomorrow From 10:30-12:30

For Sale: 3BR/4+1BA Single Family House in Seattle, WA, $1,324,000.

Enjoy all of the privacy and incredible sound views of an island without the ferry commute. Built with uncompromising attention to detail, this newly constructed home is a loving homage to a combination of contemporary and craftsman styles.

Green technologies used in this home include solar panels for the in-floor radiant heat system, engineered slab quartz counters in the kitchen, and African Anigre custom cabinetry.

The open floor plan with double French doors to view decks that surround most of the main floor lends itself to perfect entertaining.

The gourmet kitchen features a five burner Wolf gas cook top, GE Monogram refrigerator, Bosch dishwasher and plenty of cabinet and counter space. Cooking becomes a joy while enjoying the amazing views.

Three bedrooms provide three complete suites with walk-in closets and full baths. The master suite has a large covered deck off sliding double doors with fixed panel sidelights, and a master bath with tub and shower, double sinks, Travertine marble floor and tiles.

Real Estate | Fannie Mae imposes 15-day wait for foreclosure investors | Seattle Times Newspaper

Real Estate | Fannie Mae imposes 15-day wait for foreclosure investors | Seattle Times Newspaper.

It looks like we are seeing a shift in the industry.   With the increasing numbers of Foreclosures, we are seeing more and more REO (Bank Owned Properties) listed.  Now it appears that Fannie Mae is trying to make it easier for individual buyers to invest in these properties versus an investor.  What they will be looking at will be what type of financing you will be applying for, primary residence or investor (rental) financing.

This is great news for the first time home buyer who can usually get more house for their money when purchasing an REO listing, but will make it more difficult for those investors looking to increase their Real Estate portfolio.

Since Fannie Mae is one of the two primary lenders in the country, I would guess this will be a industry wide adopted rule.

First Time Home Buyer Credit Extension

First Time Home Buyer Credit Extension has led to some confusion in the market place about who is qualified for the credit and when the expiration dates are now.  I have updated my site with the latest information:   Full Article

First Home

Congratulations to Elizabeth and Joshua on their first home. They have a great starter home in Green Lake. Short Sale closed in 30 days!

First Home

Getting Tired of the Market, then buy a Short Sale!

Getting tired of the Market?  Then buy a short sale!  I recently had some first time home buyers who were tired of losing homes in multiple offers in the neighborhoods they liked.  These homes were in Queen Anne, Ballard, Wallingford and Greenlake, which are all highly sought after neighborhoods, and the homes were all fixers.  This put the homes in the low to mid $300s and each one had at least 3 offers in on them.

My clients are first time home buyers, but they don’t necessarily need the first time home buyer credit.   What makes a perfect situation for my clients?  Short sales.  Most first time home buyers have avoided short sale properties because of how long they might possibly take to get a response from the bank.  At this time most first time home buyers will not want to wait for a long response, thus setting up a perfect opportunity for my buyers.

So if you aren’t in a hurry and you still want to get a great deal and not have to fight over that REO or new listing, take a look at short sale listing again, you might find that perfect deal.

West Seattle Home Values

Wondering if the West Seattle Market has stabilized? Visit www.westseattlehomevalues.com for a free report for your home and neighborhood.

West Seattle Market Snapshot

For Sale: 3BR/1.5BA Single Family House in Seattle, WA, $349,950

For Sale: 3BR/1.5BA Single Family House in Seattle, WA, $349,950

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