homefinders weekend may 18-20, 2012
DESCRIPTION
Real estate for sale in Wenatchee and surrounding areasTRANSCRIPT
AgentsFeatured
omefinder’sHomefinder’shomes.wenatcheeworld.com
Homefinder’sNorth Central Washington
WEEKEND
From the KCM Blog, May 8th 2012
It seems that there is a signifi cant amount of confusion when it comes to purchasing a short sale. There are many misconceptions when it comes to this type of transaction, so below I have provided some information to potential buyers of short sales. If you are looking to purchase a short sale, understand that it is not the same as a normal sale and the approach is very different. There could be several parties involved and issues that are unknown to the buyer and buyer’s agent that can affect the transaction. If you are looking to purchase a short sale here is some helpful information.
1. On average, to get a short sale approval, it can take 60-90 days.There could be mortgage insurance and an end investor on the loan as well as the servicer, which means it has to go through three different processes. Bank of America could be the servicer on the loan but they do not actually own the loan, so, the short sale has to pass their guidelines, then go to the mortgage insurer if there is one, then to the end investor like Fannie Mae and Freddie Mac. If you are a buyer and can’t wait at least 60-90 days for an approval and then another 30 days to go to closing, then you need to look at other houses. The worst thing you can do is tie up a house that is in a short sale with no intention of being patient while waiting for a short sale approval. Approvals can come sooner than 60 days, but industry standard is at least 60 days to get an approval or denial.
2. There is a general assumption that you can purchase a short sale for 40-50% under its listed price. In a short sale the bank comes out and does a valuation of the property and will expect a slight discount, but will not accept a huge amount under the market value.Hopefully, if the agent who is handling the sale is experienced, they will have already gotten an approved list price from the bank by the time you are interested in making an offer. The bank will usually be willing to negotiate on that price, but will not, in almost every case, take 40-50% off of that price. To that point, you may be able to get a reasonable deal on a short sale, though it will not be, in most cases, as much of a deal as you may be able to get on an REO (foreclosed property). Also to that point, most short sales will be in better condition than an REO. When you look at the potential repairs a comparable REO needs and the time and expense it can take to do those improvements vs. a short sale being sold at a slight market discount with improvements already made, the investment could even out. There are REO properties that can be picked up for a huge discount, but require massive repairs that a comparable short sale may not require.
3. Short sales are a very diffi cult process and it takes a qualifi ed person to handle this type of transaction.With this type of transaction it takes a very experienced agent on the listing side as well as the buying side. Make sure before you move forward on the transaction that the listing agent has ample experience dealing with these types of transactions, or you could be tied up in a contract for months that never goes to settlement. There are several different types of short sale processes and each bank’s process is somewhat different; it takes a professional who has had experience with all of these different types of short sales to help facilitate a successful transaction.
4. In most short sale transactions the properties are sold “as-is” and no repairs will be made.Although there are some exceptions to this rule, speaking in general, short sales are sold “as-is” and no repairs will be made even if they are found during a home inspection. In most short sale transactions the bank will require both the buyer and the seller to sign an addendum that states the property is being sold “As-is” and no repairs will be made.
These are just a few short pointers for buyers who are looking to purchase a short sale as they are a reality in every market, and if you have the patience you may be able to get the home you are looking for at a discount!
Realtor’s Corner
Are You a Buyer Looking toPurchase a Short Sale?
WEEK OF MAY 19TH
Stephen
Bishop
679-7004
www.wenatcheepremierhomes.com
Sharon Moreland
670-0075
Office: 662-3491fax: 664-3897
Cell 509-679-4132
garymullenrealestate.com
Office: (509) 888-3950
~ Buying or selling...together w
~ Buying or selling...together we can unlock your dreams! ~
~17 years marketing &
new construction experience ~
741-2548 Cell
Rebecca Hackworth 509-421-2007 (Direct) 509-662-2100 (Offi ce)[email protected]@century21.comCentury 21 Exclusively • 135 N. Mission, Wenatchee, WA 98801
My Real Estate business is going to the dogs! (and cats too)
Windermere Real Estate/NCW
I donate a portion of my commissions to theWenatchee Valley Humane Society.
Jerry Paine509-860-7696 • ncwrealestate.comCall me for all your real estate needs.
R E A L E S TAT E
Bringing Buyers & Sellers Together
Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave.This Office independently Owned & Operated
Lisa DeaverBroker Associate
885-4202
Melissa Kiser509.668.8800
Over 21 Years of Real Estate expertise partnered
with the National Exposure of !
Search Every Wenatchee Real Estate Listing
at www.NCWhomes.com
Lela [email protected]
Honesty, Integrity and 18 years of Experience
Make Dreams come True
numericacu.com • (800) 433-1837
Why rent? We can help you own!
Own it!
It’s time to join.
1 S. Chelan St., Wenatchee • 509-888-8887
Coldwell Banker LaVigne”
1 S. Chelan St., Wenatchee •
People are “Our Business”
Cynthia Huffer • 679-5675 • ColdwellBankerLaVigne.com1 S. Chelan St., Wenatchee • 888-8887
R E A L E S TAT E
Bringing Buyers & Sellers Together
Connect to johnlscott.com/wenatcheeoffi ce • 662-4772 • 1201 N. Wenatchee Ave.This Offi ce independently Owned & Operated
Anne ConwayBroker Associate
885-0845
Lorre Stimac Realtor
cell: 509 670-7653 fax: 509 [email protected]
omefinder’sHomefinder’shomes.wenatcheeworld.com
Homefinder’sNorth Central Washington
WEEKENDWEEK OF MAY 19TH
First American Title - Wenatchee16 South Mission Street, Wenatchee WA 98801
Phone: 509-663-8555
First American Title - Chelan217 East Woodin Ave Unit 1-A, Chelan WA 98816
Phone: 509-682-5623
“Se Habla Español”
First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2012 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF
Meeting our commitment to bring you outstanding service from our Chelan Branch.
Megan brings many years of experience to the escrow industry. She has a high level of communication and looks forward to working together to make your transaction a success.
We invite you to experience Megan’s level of service and support. With her experience she will help add value to your critical role… building your business and staying in close contact with your clients and prospects.
South Lyle & 8thEast Wenatchee
Evergreen Home LoansProud to be a Preferred Lender
Grand OpeningJune 2nd 12-4 pm
Join us!
Progressive Floor Plans with Superior Finish Work.
Ramblers, Two Stories, and Daylight Ramblers.
We will be on-site to answer
all of your questions regarding
rates...qualifying...closing...etc.
NMLS #3182
(509) 664-3634 • Toll Free: 1-888-821-9252101 S Mission, Wenatchee • Branch NMLS #9035
Evergreen Home Loans is a registered trade name of Evergreen Moneysource Mortgage Company
Kyle CareyMLO 849021
April BrownMLO 849021
Debbie S. Feist, LUTCF
(509) 884-4800
363 Eastmont Ave.
East Wenatchee
Brad E. Huddle
(509) 664-4000
235 N. Mission St.
Wenatchee
Jason Ellard
(509) 664-7058
342 N. Wenatchee Ave.
Wenatchee
Now, more is less.
DISCOUNT PERCENTAGES VARY BY STATE, include discounts for having multiple Allstate policies/products and are subject to terms and availability. Allstate Fire and
Casualty Insurance Company, Northbrook, IL. © 2010 Allstate Insurance Company.
I can help you save money.
The more you insure with Allstate, the less you pay. In fact, safe drivers who
insure their home and car can save up to 45% on car insurance. Add coverage
for your motorcycle, boat or ATV and save even more. Call me first to see how
much you can save.
If you’re in the market for
a new home, remember –
location is everything.
Begin your home search at our newly remodeled
real estate page, conveniently located at
wenatcheeworld.com.
Click on Home Finder, or navigate there directly at
homes.wenatcheeworld.com.
homes.wenatcheeworld.comHomefinder’s
North Central Washingtonwenatcheeworld.com
omefinder’sHomefinder’shomes.wenatcheeworld.com
Homefinder’sNorth Central Washington
WEEKENDWEEK OF MAY 19TH
RESERVE YOUR
SPACE TODAY!Contact: Tom Nees
Cell: 509-860-2091
Talk To Tom About
OPEN HOUSES
FEATURED LISTINGS
REALTOR SPOTLIGHT
AGENT FINDER
REALTOR’S CORNER
OPEN HOUSES
135 N. Mission Wenatchee, WA • 509-662-2100
See Our Open Houses andother Fine Listings at
www.century21exclusively.com
We offer fast and friendly complete title insurance and escrow real estate closings.
S e r v i n g N C W s i n c e 1 8 9 0
L o c a l f a m i l y o w n e d
a n d o p e r a t e d .
Chelan Branch314 A E. Woodin
Chelan, WA 509-682-4050
Wenatchee Branch411 N. Chelan St. Wenatchee, WA 509-663-1125
TITLE & ESCROW SERVICES
FAX (509) 663-6823www.pioneertitlecompany.com
All title & escrow procedures are done in-house. We do not outsource.
Celebrates Great Living
in the WENATCHEE VALLEY
Apple BlossomApple Blossom
Windermere Real Estate / NCW
662-7184 • 1-800-841-0055www.windermerewenatchee.com
$400,000 .. COLUMBIA RIVER WATERFRONTJust a few miles past Rocky Reach Dam. Two parcels,
total 76+ acres approximately 800 front feet of waterfront,
plus a pond. Power and a private well. Under highway
access tunnel. Several building sites. MLS# 698143
Cindy Seyster 509-670-6466
$250,000 .........EAST WENATCHEE Location! Floor to ceiling windows frame gorgeous views!
3 Bedrooms 2.5 baths 2,309 sq ft, 2 fire places, wood
floors, fabulous built-ins. Fresh interior paint, newer
roof, covered patio, private backyard. MLS# 698124
Jolly Seyster 670-2500
$199,900......... EAST WENATCHEESo much space! 2768 sq ft, very functional floor plan.
Full finished basement, large private fenced yard. Big
windows, lots of natural light, plenty of storage, nice
sized bedrooms, RV parking. Near schools. MLS# 698104
Christie Kay 630-8289
$164,900 ...................WENATCHEE Close and convenient with lots of space to grow! 3
bedrooms, 1.75 baths, full basement with non conforming
4th bedroom, storage, lots of potential. Nicely landscaped
yard. Move in ready! MLS# 698152 Christie Kay 630-8289
$150,000 .........EAST WENATCHEE Multi Family! .75 acre. Residential High Density for
Multi-Family, small offices, adult family home, etc.
Great views, near river loop trail. Sewer available not
connected. Irrigation water available. MLS# 698005
Jacqueline Hurst 860-3963
HomeFinder’s
Weekend
section is viewable all weekendhomes.wenatcheeworld.com
Saturday Open Homes$298,500 625 Easy Street Open Sat. & Sun. 12-4 RE/MAX Landmark Jon Port 669-5400
Wenatchee
$104,000 1308 Horizon Place Open Sun. 2:30-4Twin Peaks 55+ Senior Park. Huge 1,848 sq. ft.! Very well maintained. So much storage room! Great for downsizing. Homeowner dues, home warranty paid for 1 year. Directions: From Miller, West on Maple, left into Twin Peaks Park.Laura Mounter Real Estate & Co. Jody Campbell 630-0722
$164,900 617 Yakima Open Sun. 2:30-4 Premier One Properties Steven Schwind 421-1150
$179,900 307 Whitebirch Place Open Sun. 1-3Desirable Wenatchee Neighborhood! You�ll love this adorablerambler with 3 beds, 2 baths. Some hardwood under carpet.Easy care home in excellent condition. Nice, close, convenient location. Directions: Castlerock, North on Whitebirch Place.Laura Mounter Real Estate & Co. Rica Insley 630-6482
$179,950 1235 Leanne Place Open Sun. 12-23 Bed, 2 bath, spacious, corner lot, private yard! Directions: Millerdale, left on Gellatly, right on Leanne.John L. Scott Wenatchee Tracy Franklin 670-1165
$189,900 1308 Cascade St. Open Sun. 12-2 Windermere Real Estate/NCW Tim Seyster 669-5786
$192,000 620 Kenaston Dr. Open Sun. 1-3 NCW Realty, Patti Davis, 670-4690
$199,900 1221-1/2 Gary St. Open Sun.1-3 Coldwell Banker LaVigne Laurie Carlson 393-9010
$213,500 38 Martin Place Open Sun. 12-2 Premier One Properties Steven Schwind 421-1150
Wenatchee
$239,900 25 Furney Open Sun. 12-23164 Sq. Ft. rambler with full basement and lots of upgrades. Directions: South Miller, right on Washington, right on Furney.John L. Scott Wenatchee Darlene Garton 881-1600
$248,500 945 Idaho St. Open Sun. 12-23 Bedrooms, 1.75 Baths with attached 2 car garage and fenced backyard. Directions: Miller, East on Idaho.John L. Scott Wenatchee Sharon Shaw 670-5459
$279,900 4C S. Western Ave. Open Sun 12:30-22854 sq. ft. rambler with 3 bed, 2 baths, updated kitchen, lots of character. Spacious .47 acres. Fenced yard and aboveground pool surrounded by large deck system. Wonderful Loca-tion. Directions: Western and turn West on private drive at 4C.Premier One Properties Steve Bishop 679-7004
$285,000 2201 Lark Brook Open Sun. 1:30-3:30 Coldwell Banker LaVigne Debbie Chase 630-0235
$295,000 403 Lombard Lane Open Sun. 12:30-2:30Views! 4000 Sq. Ft., daylight rambler, .48 acres. Directions: School St., right on Lombard Lane. John L. Scott Wenatchee Sue Long 670-0633
$347,000 223 N Western Ave. Open Sun. 12-2Wonderful mid-century home boasts a delightful mix ofperiod design and modern conveniences. Nestled on 1.52 acre grounds adorned with towering shade trees and inviting in-ground pool. 4 beds, 3 baths, over 3400 sq. ft.!Coldwell Banker LaVigne Linda Bondo 860-2398
$349,000 1309 First St. Open Sun. 1-3�BEST� Location. �BEST� Remodel. �BEST� Offer. Top of the line appliances, pool table stays. Large Family Home, 4 bed, 3.75 bath. Directions: Miller to West on First.Coldwell Banker LaVigne Tom LaVigne 860-9998
$439,000 1510 Anton Place Open Sun. 11:30-1 Big, beautiful and bright Bollinger Construction 2-story home.Quiet country and city views on seldom used cul-de-sac.Oversized triple garage + 2 family rooms! Directions: Millerdale to Appleland, right on Anton, right on Anton Place.Century 21 Exclusively Betsy Loomis 669-6464
$465,000 2017 Broadhurst Pl. Open Sun. 1:30-3 Laura Mounter Real Estate & Co. Cindy Smith 664-6278
Sunnyslope$189,900 3707 Burch Mountain Road Open Sun. 12-2Great view of the entire Wenatchee Valley from this 3 bed,2.75 bath manufactured home with 3 car garage. Directions: Easy St., right on Peters, left on Burch Mountain Road.Century 21 Exclusively RJ Wallis 670-2007
Sunnyslope$279,000 565 W. Rolling Hills Lane Open Sun. 11-12:30This 2010 built rambler is located in the desirable Mt. Brook neighborhood! 3 bed, 2.5 bath, 1,803 sq. ft. ready for your landscaping ideas! Directions: Easy St., right on School St., left on Knowles Rd., right on W. Rolling Hills Lane.Laura Mounter Real Estate & Co. Nannette Saint 679-2741
$509,000 189 Red Fern Road Open Sun. 1-3Great Price! This 5000 sq. ft. home has just been reduced by $20,000. Great living spaces with 5 bedrooms, large lot, huge garage. Direction: Easy Street to E. Peters to Burch Mtn. Rd. to Red Fern.Century 21 Exclusively Lee Hildebrand 669-7601
3 Lakes/Malaga$399,900 3060 Riverview Lane Open Sun. 2-4 Century 21 Exclusively Betsy Loomis 669-6464
East Wenatchee
$214,900 1271 Wheatridge Open Sun. 11-1 3 bedroom, 3 bath with 180 degree view! Immaculate and on shy 1/2 acre fenced yard. Directions: Canyon Hills offEastmont.Herring & Associates, Inc. Lisa Day 884-4326
$219,900 791 N. Keller Ave. Open Sun. 12-1:30Fabulous 1722 sq. ft. Rambler with 4 bedrooms and 1.75 baths. GREAT Park like Yard with .45 acres, Trex deck anddetached Garage/shop. Wonderful FEEL. Directions: North on Eastmont, East up NE 8th, Corner of Keller.Premier One Properties Sharon Moreland 670-0075
Members of the North Central Washington Association of REALTORS® give back to the com-
munity by donating their time to help the American Red Cross during their February Blood Drive.
$229,000 303 S. Mary Ave. Open Sun. 12-3Two bed home with new carpet and paint, formal living,family room, with a large kitchen. Very nice master with 5 piecemaster bath. Walk -n closets in every bedroom. Home backs up to a greenbelt. Directions: Left off 3rd St. or right off Grant Road.Premier One Properties Jeff Benson 630-6859
$229,900 1354 Tractor Loop Open Sun. 2-3:30 Premier One Properties Sharon Moreland 670-0075
$239,000 620 Linda Lane Open Sun. 1:15-3 3 bedroom, 2.5 bath doll house. Just listed and adorable! RV Parking, updated bathrooms and kitchen, move in ready. Directions: Corner of Fairmont and Linda off of 10th St. Herring & Associates, Inc. Lisa Day 884-4326
East Wenatchee
$239,900 916 N Jennifer Open Sun. 12-2 Windermere Real Estate/NCW Cindy Seyster 670-6466
$249,500 1441 Copper Loop Open Sun. 1-3 1801 Sq. Ft. rambler on large lot with room for RV parking. Still time to pick your colors! Kitchen with breakfast nook and great room. Covered patio, 3 bedrooms, 2 baths. Directions: SE 4th Street to Kansas.Windermere Real Estate/NCW Cliff Larson 679-0202
$279,700 1815 Manhattan Drive Open Sun. 1-3Beautiful, meticulously groomed 4 bed, 3.5 bath home in awe-some subdivision. RV parking, stamped concrete gazebo area in back yard, lots of storage, room for hobbies. Directions: Up Grant, left on Lyle, left into Manhattan Square house on right.Coldwell Banker LaVigne Ed Belmudes 503-780-0300/630-0235
$299,900 351 19th St. NE #7 Open Sun. 1-3 Century 21 Exclusively Pam Wright 860-4487
$349,000 191 N Lyle Open Sun. 1-3Immaculate rambler 3 bed, 2 bath, additional guest quarters. Lots of privacy, large back deck, irrigation water, 3 car garage. Directions: Grant Road, North on Lyle.Century 21 Exclusively DeAnn Compton 670-9966
$378,900 621 Briarwood Dr. Open Sun. 1:30-3:30 Laura Mounter Real Estate & Co. Jeff Hallman 387-0735
$407,900 420 NE 21st Street Open Sun. 2-3:30 Century 21 Exclusively Bitsi George 670-8555
$449,000 2327 Fancher Heights Blvd. Open Sun. 12-1:30Just Reduced $25,000! 5 bedrooms + theater and billiard rooms. Spectacular Views of River & City! Perfect for elegant entertaining and living at it�s best! Directions: Badger Mtn. Road, left to Fancher Heights. Laura Mounter Real Estate & Co. Jody Campbell 630-0722
Leavenworth
$299,000 12535 Shore Street Open Sun. 1-4Triple wide, Oakwood Manufactured Home with 1834 sq. ft. 3 bed, 2 bath, on 1.15 acres. Two well maintained extra buildings for shop, tools and well equipment. Beautiful location. Direc-tions: West on Hwy 2, left at Icicle Road, left on Shore Street.Premier One Properties Mae Hamilton 630-1104
For additional information on these Open Houses visit:www.ncwaropenhouses.com
May 19 & 20, 2012
www.premierone.biz925 Fifth St., Wenatchee • 662-3491
473 NE. 5TH ST. - EAST WENATCHEE
This house is a must see. Large Tri-Level home with an in-ground Larson Pool and a huge shop! All this sitting on a beautifully landscaped .60 of an acre lot. Plenty of room with a large family room and 2nd kitchen that is also plumbed and wired for a hot tub. $299,900. Please Contact GARY MULLEN @ 679-4132 For more information.MLS# 697460
1112 KITTITAS ST. - WENATCHEE
Spacious 2364sf rambler with main floor master, separate living and family rooms, hobby room and full basement for expansion. Possible 3rd br in basement. Freshly painted! Lots of counter space and eating bar in the kitchen. Refrigerator included! Hardwood, laminate and tile floors, detached shop with power! RV parking off alley! Lots of home for the price! $172,500. Please Contact PAUL MARES @ 670-2119 For more information. MLS# 696975
2935 CASCADE RIDGE - EAST WENATCHEE
Classic 2 story home with an absolutely incredible setting! This home has it all, formal living and dining, family room with cathedral ceilings, gourmet kitchen with stainless appliances, four bedrooms, nearly 1/2 acre fully landscaped lot with in-ground pool, RV parking, and a fantastic location with a view. A must see property that feels like an estate! $324,900. Please Contact PAUL MARES @ 670-2119 For more information. MLS# 697679
1032 WASHINGTON - WENATCHEE
Eating area, living room and main floor bedrooms have hardwood floors. Large room downstairs could be a family room or the closets could allow for a bedroom. Detached single car garage with small easy care yard. Centrally located in a well-established neighborhood. Faces Harrison St. $169,900. Please Contact JEANNIE KING @ 679-5150 For more information. MLS# 696638