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Redmond, WA

Redmond WA Bank Onwed Homes Report for October 2009

Dan Edwards, REALTOR® Your NW Home reSource.™: Real Estate Agent in Sammamish, WA

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. 

Trilogy at Redmond Ridge: Senior(55+) Living at it's best in the Northwest

Dan Edwards, REALTOR® Your NW Home reSource.™: Real Estate Agent in Sammamish, WA

Communitylogo 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.

Landscaping to Increase Property Value

Tony Meier - EastsideHomesBlog.com: Real Estate Agent in Redmond, WA

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

Becoming an Appraiser in Washington

Reginald Marshall: Real Estate - Other in Bothell, WA

I'm currently a registered Appraisal Trainee in Washington state, and an Associate Trainee Member of the Seattle Chapter of the Appraisal Institute.

There seems to be a lot of comfusion about the Home Valuation Code of Conduct (HVCC), and how is applies to the profession. In addition, there seems to be confusion about the role of Trainees and whether their participation in an Appraisal is acceptable for FHA or VA Appraisals.

In any case, its not clear to me how one gets started in the profession.

It also doesn't help matters that Appraisal Management Companies have become popular. Their rise seems to have negatively impacted the fees an Appraiser receives. My sense is that there is a lot of debate around this issue, with no clear consensus on how to address it. If Appraisers aren't united in their opposition to these companies, they (AMCs) will have found a permanent foothold in the profession.

So, let me solicit your opinion: Assumng that the requisite prequalifications have been met, how does one get started in the Appraisal Profession as a Trainee?

Eastside listings continue moving along... Redmond and Issaquah

09-20-09
Reba Haas
Reba Haas: Real Estate Agent in Bellevue, WA

We've been staying very active and part of the work we've been doing lately has been on many townhome listings. Happily for one of our clients we got mutual acceptance on his RiverTrail listing in Redmond's downtown area near Bella Bottega as of this weekend.

We've got a new listing that will come on next week in Redmond at the very European feeling development of Taluswood townhome condominiums out off of Avondale Road. This complex was built back in 2002 and at the time a very good friend of mine was buying a new unit there. Well, now one of his neighbors will be selling her ADA compliant unit in one of the more uncommon layouts there of a 2-story (rather than 3) unit with one large parking garage and an extra assigned space next to the unit. With 3 bedrooms and 2 full baths, this end unit opens up to the lovely park grounds of the development. Tall ceilings in the living, dining and kitchen. Ceilings fans are in each of the bedrooms, including the Master bedroom on the main floor. One of the upper bedrooms has access via continential style bath so is like a 2nd master in the home.

Fresh paint, new carpets, and brand new Corian style counters in the kitchen plus many updated and beautifully ornate light fixtures. Close to Microsoft and commuting via 520 or 405. Easy access up to Woodinville wine country.

Other action continues for us in Issaquah where we got some good viewing activity at a newer listing in The Heights condo/townhome development where an open house was done today from 1-4pm.

What most people/buyers need to be looking for when purchasing in a condo development of an assortment of items such as legal action, financial reserves, if an engineering reserve study is done as well as funded for repairs, and much more. It's really important to know that, especially in today's financial lending market, that anything that throws a red flag for the lender could kill your deal. FHA loans also have maximum numbers of properties they'll lend on in any development (30%) to limit their risk exposure.