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The River Trail Neighborhood located in downtown Redmond has been a very desirable place to live since it was developed in 1995. There are 3 Townhome complexes that make up River Trail – River Trail Condominiums, Meadowview Village at River Trail and Windwood Village at River Trail. Below is a review of real estate activity in the River Trail Neighborhood since August 1, 2009.
Over the last 4 months there has been more homes sold than in the prior 12 months. This is a good indicator that housing in the River Trail Neighborhood has begun to stabilize and we should start to see a pickup in home values by late spring 2010.
There are 400 homes in the River Trail Neighborhood and with only 6 for sale it indicates that this area has started to stabilize and the worst of the real estate “meltdown” is behind us.
I currently have 3 sets of buyers looking for a home in the River Trail neighborhood. Each one specifically wants to live here and they are willing to wait for the right home to come on the market.
I have lived at Meadowview Village for the past 6 years and could not imagine living anywhere else. The neighborhood offers me everything I want and the neighborhood is very affordable given the great downtown Redmond location.
If you would like more information on the River Trail Neighborhood or if you live here and are thinking of selling just contact me and I will do the rest!
Focus on the Positive!
Randy Randolph
Uber Agent
206-234-3647 cell
206-414-UBER office
randy@randyrandolph.com
RSVP Real Estate
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If your looking for Bank Owned Properties in Redmond WA below is the market report for October 2009.
Some of the best deals in Real Estate are REO or Bank Owned Real Estate. Banks are in a hurry to sell a home and they intentionally price it 20% below the market. A Bank Owned home is property that goes back to the mortgage company after an unsuccessful foreclosure auction. You see, most foreclosure auctions do not even result in bids. After all, if there was enough equity in the property to satisfy the loan, the owner would have probably sold the property and paid off the bank. That is why the property ends up at a foreclosure or trustee sale.
Foreclosure sales begin with a minimum bid that includes the loan balance, any accrued interest, plus attorney's fees and any costs association with the foreclosure process. In order to bid at a foreclosure auction, you must have a cashier's check in your hand for the full amount of your bid. If you are the successful bidder, you receive the property in "as is" condition, which may include someone still living in the property. There may also be other liens against the property.
Since what is owed to the bank is almost always more than what the property is worth, very few foreclosure auctions result in a successful sale. Then the property "reverts" to the bank. It becomes an REO, or "real estate owned" property.
If your looking for a detailed list of REO(Bank owned real estate) Properties Simply sign up to receive Redmond WA Bank Owned Properties updates.
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Trilogy at Redmond Ridge is the premier active adult community for Redmond WA area residents. If your looking for a community to retire in or live a seasoned active life, then the Trilogy community is for you. Residents of Trilogy at Redmond Ridge enjoy events in the Cascade Club where they can enjoy live music and tall cocktails. You connect with other residents through community events.
Don't forget about the fabulous on-site amenities that include: the nationally-recognized championship golf course, Tranquility Spa, the Cascade Club, dinning option at the Redmond Ridge Grill or Cyber Cafe, tennis and an indoor pool.
Enjoy all that Trilogy at Redmond Ridge has to offer from this Lovely one level home in Trilogy. Highly sought after Sammamish floor plan. 2 bedroom plus den. Keep cool in the summer with A/C, and enjoy the warm gas fireplace in the winter. Many upgrades including custom lighting, wine chiller in the dining room and custom built-ins in the living room. Trilogy is a great summer retreat. A 55 and over community with resort style living featuring golf, tennis, spa, park, pool and fitness center and more.
As a REALTORIt's my professional opinion that Trilogy has everything an active senior would want all in one place. If you or someone you love is thinking about a place to retire or a second home to spend the wonderful northwest summers at Trilogy at Redmond Ridge.
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About a month ago, I was interviewed for the Lowe's for Pros website on landscaping ideas to improve the market value and salability of a home. Below is the text of the article and here is the link:
http://www.lowesforpros.com/landscaping-to-increase-property-value
For homeowners, curb appeal is critical for making a positive first impression on potential buyers. “They say statistically that 85 to 90 percent of the buying decision happens from the curb,” says Tony Meier, realtor at Windermere Real Estate in Redmond, Wa.
And since property value is a huge concern for many homeowners, landscaping contractors can suggest several options that will not only add value to their client’s home but save energy and money as well—making landscaping a worthy investment.
Cost-effective landscaping ideas
There are many landscaping options for the budget-conscious consumer that increase curb appeal and are easy to implement. “Neat and tidy are certainly key components,” Meier says. “Sometimes we’re trimming up shrubs, removing weeds in the beds and barking on top of those beds, planting flowers along the beds, cleaning up the lawns and applying edging.”
Whatever design options are used, Meier says it’s important landscaping additions never block vision of the house or front porch. “You want to expose the home, you want to have a feeling of openness just as you would with the interior.”
Understand local trends
Many cities in hot, arid climates offer programs subsidizing homeowners to use native plants and decrease their dependence on water, so drought-tolerant landscaping is a major trend contractors should discuss with their clients. In the Northwest, consumers are generally very conscious about not using chemicals in their landscaping. There are also considerations for areas dealing with winter weather. “If you can plant something seasonally that has some color that would be helpful,” he says. “I would suggest areas that have snow on the ground, maintaining that and trying to minimize [snow] during those seasons would be an important part of landscaping.”
Meier also stresses that most real estate trends are local, so contractors should focus on trends in their area to best increase a client’s property value.
Keep it simple
An overall trend that applies in all regions of the country is low-maintenance landscaping. Low maintenance options increase property value because people don’t want to deal with numerous problems right after moving in, Meier says. He also emphasizes to make sure basic aspects of landscaping look sharp before moving on to more complicated and expensive elements. “If you’re spending $2,000 on a rock wall and your grass looks like hell, you’re focusing on the wrong things,” he says. He adds that excessive hardscape, although visually pleasing, doesn’t always lead to material gains in property value.
Other cost effective ways to beautify yard space without adding costs involve replacing higher maintenance plants with native ones. For example, in most climates keeping a lawn green requires necessary maintenance and watering. But replacing lawns (or parts of the lawn) with native shrubs or ground covers can be inexpensive and help keep cost low.
Don’t forget the backyard
While the front of the home should be the priority, there are landscaping options for the back yard that can increase property value as well. “You don’t want your house to not be seen from the curb,” Meier says. “But if you can do things with plantings in your rear yard to increase your privacy with trees, that’s something that will help out with resale.”
Time is money
While Meier has seen properties sell for significantly more than the original asking price because of extraordinary landscaping, the real value of curb appeal is in the immediacy of the sale. “Some [landscaping] things that you do are not necessarily cost for cost, dollar for dollar value,” he says. “If you do this I can get this much more for your home. But if you do those things I can sell your home quicker, which in fact will mean more money to you as a seller.”
Posted By:
Tony Meier
Eastside & Seattle Realtor
EastsideHomesBlog.com
EastsideHomes.com
Seattle's Eastside Real Estate Resource
tony@eastsidehomes.com
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