If the property is priced right someone will buy it.
You can't control the market but you can control your costs.
Call Mike at 206-856-1591 to find out more.
Great value townhouse condo in Federal Way
2100 S 336th St #M2
Federal Way, WA 98003
MLS # 28183379
Price: $130,000
Beds: 2
Baths: 2.50
Sq Ft: 918
Lot Sz: 0 sq ft
Year built: 1990
Very affordable townhouse! Two most recent sales went for 175k and 165k. This place is a deal! 918 sq ft. 2 beds, each with a full bathroom. There is also a half-bath on the main floor. Fully-fenced backyard with patio.
Affordable excellence! Enhanced townhouse condo in Auburn
6617 Elizabeth Ave SE
Auburn, WA 98092
MLS # 29068003
Price: $250,000
Beds: 3
Baths: 2.50
Sq Ft: 1,828
Lot Sz: 5,130 sq ft
Year built: 2005
Just reduced to $250,000!
Better than New! The sellers bought the home brand new in 2005 and improved-upon what they bought. They made a conventional home into something special. Home is extensively upgraded with hardwood floors, iron work staircases, granite countertops, custom moldings, Italian mosaic splashboard and bath walls, tall cabinets, tiled patio and fresh designers inside paint this home will please anyone.
Everett duplex
1025 121st St SW
Everett, WA 98204
MLS listing # 29058937
Price: $339,950
Beds: 4
Baths: 3
Sq Ft: 2004
Lot Sz: 10890 sq ft
Year built: 1979
Incredible value located on a quiet street. Well maintained duplex, always rented. Recent upgrades includes new carpet, garage floor paint. Near Boeing.
Figure out a payment (with amortization schedule)
I like the Leyden Credit Union calculator for figuring out payments. It is slightly clunky but it’s worth sticking with if it seems a little odd.
To figure out what a loan will cost every month enter the following information on the Leyden CU calculator.
- a loan amount
- an interest rate expressed as a whole number with a decimals if necessary (i.e., use 5.125 and not 0.05125)
- the number of payments – use 360 for a 30 year loan because 12 payments per year for 30 years is 360 payments
- leave payments per year at 12
Leave the payment amount blank. Hit compute.
How to determine how much you can borrow
The Leyden Credit Union calculator does the usual task of figuring out what a payment will be.
But you can also use it to determine what you can afford.
Sold – Wedgewood craftsman
Sold April 2009
$560,000
Purchase – Lake Forest Park house
Purchase May 2009
$370,000
Nice house on great lot in Bonney Lake
18504 Bonney Lake Blvd
Bonney Lake, WA 98391
MLS # 29001929
List Price: $222,500
Priced to sell now! Below tax assessed value. Not a short sale. Great deal on a huge Lot in prime location. Remodeled split level home on a rare wooded 0.4 acres (18,000 sq ft) close to everything! Upstairs open kitchen with newer appliances, hardwood flooring, fireplace and expansive decks off the dining area great for summer bbq fun. Large master bedroom downstairs with cozy wood stove, surround sound, and more. Fenced back yard with fire pit, outbuildings. 220 volt service to shed in backyard. USDA financing available.
Craftsman house in Everett
MLS # 29042917
Price $184,495
3106 8th St
Everett, WA 98201
Beds: 2
Baths: 1
Sq Ft: 1,211 finished, 448 unfinished basement
Lot Sz: 5,662sqft
Year built: 1915
Sold – Top floor Lake City condo
Sold May 2009
$186,000
Sold – Cute house very close to Green Lake
Sold May 2009
$355,000
Title insurance overview
Title insurance
Title insurance is paid-in-full at closing. Refer to rate cards for the actual cost of coverage.
The default provision of the NWMLS forms are that sellers shall provide a Homeowner’s Policy to buyers. The buyer can choose inferior coverage if they wish. Or their agent is silly.
The cost for a Homeowner’s Policy is stated in column #3 of the rate cards.
Buyers must insure their lenders. For a purchase loan use column #4 and for a refinance use column #5.
Here is the Wikipedia page regarding title insurance.
Title insurance costs (rate cards)
First American rate card – King County & Snohomish County
First American rate card – Pierce County & Kitsap County
Chicago Title rate card – King County
Chicago Title rate card – Snohomish County
Chicago Title rate card – Pierce County
Stewart Title rate card – King County
The NWMLS forms require that sellers provide a Homeowner’s Policy (unless otherwise agreed to). This means use column #3.
Purchase loans should be priced using column #4.
Refinances should be priced using column #5.
How you will lose your house
This post is to explain the basics of how borrowers/owners lose their properties after defaulting on their mortgages. As with all things that involve legal issues I want to tell anyone & everyone that I am not an attorney and this is not a legal opinion. I am a real estate agent who is trying to be helpful. My goal is to offer an overview of the process so that people in trouble can ask better questions of more qualified people (home counselors or attorneys or trustees or lenders).
The first step – missing a payment
The first thing a borrower has to do is miss a payment. A payment is due on the first of each month and is considered late after 30 days. Yes, the lender will impose a “late fee” if the payment is made on-or-after the 16th of the month but the payment is not formally late until 30 days have passed.
Borrowers should expect a call from their lender once a payment is 30 days late.
Authorization form
Here is an authorization form that allows Adapt Real Estate (specifically Mike Leyden) to speak with your lender on your behalf.
This is necessary for short sale negotiations.