Chris Farkas

Buyers Enjoy Federal Tax Credit - Bellingham Homes For Sale

09-24-09

Home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying home buyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time buyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, buyers must meet general income requirements and close on their purchase before December 1, 2009. Under new rules introduced recently by the Department of Housing and Urban Development, qualifying buyers can apply the $8,000 tax credit toward the purchase of a home. To facilitate the process, the Federal Housing Administration is permitting its lenders to extend short term bridge loans, which will enable qualifying buyers to apply their tax credit toward closing costs, buying down their interest rate, or increasing their down payment above the FHA required 3.5 percent. Please contact us today for more details on this once-in-a-lifetime program.

Chris Farkas
Please watch my new TV Show on YouTube
Check out my TalkRealty Podcast

EXIT Realty Associates
Email List Of Homes
Bank Owned Homes
Stop Foreclosure
FSBO Assistance

View Sample Market Report

0 Comments

Lending Trends - Bellingham Homes For Sale

09-24-09

Chris Farkas

Freddie Mac reported that the national average commitment rate for a 30-year, conventional, fixed-rate mortgage dropped to 5.22 percent in July from 5.42 percent in June. This is a dramatic rate reduction compared to the 6.43 percent rate available in July 2008. According to a survey by NAR, first-time buyers accounted for 30 percent of homes purchased in July, while distressed homes accounted for 31 percent of transactions.

Chris Farkas
Please watch my new TV Show on YouTube
Check out my TalkRealty Podcast

EXIT Realty Associates
Email List Of Homes
Bank Owned Homes
Stop Foreclosure
FSBO Assistance

View Sample Market Report

1 Comment

Market Update - Bellingham Homes For Sale

09-24-09

Chris Farkas

For the first time in five years, existing home sales have increased for four months in a row, according to an August report by the The National Association of Realtors® (NAR). Existing home sales - including single-family, townhomes, condominiums, and co-ops - increased 7.2 percent in July, which is the largest monthly sales gain recorded since 1999. Analysts are projecting an increase in 2009 of existing home sales to a seasonally adjusted annual rate of 5.24 million units, which is 5 percent above the 4.99 million-unit pace set in July 2008. Existing Home Sales By Region

Chris Farkas
Please watch my new TV Show on YouTube
Check out my TalkRealty Podcast

EXIT Realty Associates
Email List Of Homes
Bank Owned Homes
Stop Foreclosure
FSBO Assistance

View Sample Market Report

0 Comments

Bellingham and Whatcom County Foreclosures

09-01-09

Chris Farkas

Recorded Notice of Defaults From January 2008 through August 2009 670 total recorded trustee sale notifications for the entire year of 2008 in all of Whatcom County. 675 recorded in Whatcom County as of August 19th, 2009. Source: Stewart Title in Bellingham.

Chris Farkas
Please watch my new TV Show on YouTube
Check out my TalkRealty Podcast

EXIT Realty Associates
Email List Of Homes
Bank Owned Homes
Stop Foreclosure
FSBO Assistance

View Sample Market Report

0 Comments

Foreclosure Purchase Activity Remains Strong in Washington and Oregon

08-26-09

Chris Farkas

According to USA-Foreclosure.com, the nation’s premier online source for foreclosure listings, announced recently that sales of foreclosure property at foreclosure auctions remain strong in Washington and Oregon.

“Sales at foreclosure auctions are a significant indicator of the health of the real estate market in a community,” said Chad Thornton, technical manager for USA-Foreclosure.com. “These sales reflect a continued confidence in the real estate market, as well as the willingness of investors to purchase.”

Typically, at a foreclosure auctions the lending institution takes back the property unless bidders are present and meet or exceed the opening bid. Nationwide, fewer than 5% of foreclosed property is sold to non-bank bidders at auction. The other 95% reverts to the lender. Lenders dislike taking back foreclosure property since they then have to manage, repair and resell it.

If you are interested in learning more about buying a home at auction or purchasing bank owned homes, please call me and we can set up a consultation.

Chris Farkas
Please watch my new TV Show on YouTube
Check out my TalkRealty Podcast

EXIT Realty Associates
Email List Of Homes
Bank Owned Homes
Stop Foreclosure
FSBO Assistance

View Sample Market Report

3 Comments

« Previous 1 2 3 4 5 6 7 8 Next »

Chris Farkas
Exit Realty Associates

Chris Farkas: Real Estate - Other in Bellingham, WA

Office: (360) 756-6500

Mobile: (360) 393-0793

Bringing the expertise of more than 17 years of real estate investing to you. Specializing in high end and distressed properties. I look forward to doing business with you soon.

About Us:

Real estate professional Chris Farkas has always been motivated to find the best solutions for any issue. This drive has made her a successful agent in Whatcom County for a reason. She focuses all her energy and resources on helping those who have placed their trust in her to succeed.

An Inner Drive
As a child, she was fascinated by riddles, puzzles and problem solving. That fascination lured her to work at the National Security Agency (NSA), also known as the “Puzzle Palace.” After several years at NSA, the travel bug kicked in and she decided to see the world. She enlisted in the Air Force and worked her way up into the officer ranks. The NSA experience led her to an Air Force career in military intelligence researching the activities of the former Soviet Union. The G.I. Bill helped her earn a bachelor’s degree in business from Campbell University in North Carolina where she graduated Summa Cum Laude. Chris continued to travel the world to find more places to utilize her analytical talents. She worked at Credit Suisse in Zurich Switzerland in the bank’s international department specializing in foreign trade financing.

Family
Chris and her husband Mike have two daughters. Their family enjoys the outdoors and travelling. Chris is an avid runner and you will likely see her running one of the many races in and around Whatcom County.

Hands-on Success
For the more than seventeen years that Chris and her husband have been married, they have invested in real estate. Their projects include home renovations, luxury home construction and land development. Real estate has always been a passion of Chris’ and now she puts that energy and knowledge to work for her clients. Before you buy, sell or invest in real estate, call Chris. She is motivated to help you solve your property and housing needs.

Areas of Expertise

As I discussed in the "About Us" section I began my real estate career with a focus primarily on investment properties. However, since I have personal experience in all facets of Real Estate including: construction, land development, rental property investing, waterfront, etc., I am able to carry my personal experience over into residential real estate. I work with buyers, sellers and investors. I have professional relationships with all 3rd party real estate vendors and business associates such as: mortgage lenders, banks, title company's, permitters, architects, geologists, archaeologists, property managers and more.

You want personal and ethical hard working real estate experts with integrity? Contact me today. If I can't help you, I can point you in the right direction! If you would just like to browse our listings or to try our Free Property Search just CLICK HERE.

Our Mission

To provide comprehensive real estate solutions for my clients with a high degree of trust, knowledge, respect, and integrity.

To invest 100% of our effort delivering first-class service to my clients and fellow Realtors. To make the process as simple and stress free as possible by offering a one-stop approach to buying or selling a home. To attain the lowest possible costs on financing, title costs, and insurance services, by utilizing state-of-the-art technology, experience, knowledge, and sales volume leverage.

To offer exclusive services that can only be attained by hiring me as your REALTOR®. As a result, my valued clients, suppliers, and their friends will feel confident in referring members of their family, co-workers, neighbors, and other people they know to me for competent advice on buying, selling, or investing in real estate.

I am interested in strong, lasting, life-long relationships one person at a time. You can count on me!

Chris Farkas

Buyers Enjoy Federal Tax Credit - Bellingham Homes For Sale

Lending Trends - Bellingham Homes For Sale

Market Update - Bellingham Homes For Sale

Bellingham and Whatcom County Foreclosures

Foreclosure Purchase Activity Remains Strong in Washington and Oregon

Chris FarkasExit Realty Associates

About Us:

Areas of Expertise

Our Mission

Chris Farkas
Exit Realty Associates