Team Reba Real Estate

August 20, 2010

Open House this Sunday, August 22nd from 1-4p!!

Filed under: NWMLS, King County, South Park, land, real estate, open house, seller, buyer, Seattle, Washington — Reba Haas @ 9:49 am



$189,000 - Incredible South Park Opportunity
Main Photo
Location: South Park
Own a piece of history with this ½ acre former basil farm in South Park! Lots of potential! 2-story home features jazzy updated kitchen with stone flooring and stainless steel countertops. Large living room with territorial views and sandstone brick fireplace. Two bedroom + partially updated bath on main floor. Daylight basement is roughed in for rec room, bedroom or large bonus room, ½ bath, & laundry. Huge shop and 3 garage bays great for artist or auto enthusiast.
Contact Information
Logo

My Pic Association Logo

Robin Tomazic
206-799-9277

Pricing
Price: $189,000

Property Location
1033 S Director St.
Seattle, WA 98108

Features

Bedrooms: 2 Bathrooms: 1.5
Parking Spaces: 3 Year Built: 1959
Subdivision: South Park Lot Size: 21,344
Garage Size: 3 School District: Seattle
Square Footage: 1630 Agent Name: Robin Tomazic
Broker: RE/MAX Metro Realty MLS #: 80164

Attributes
Interior Amenities
Fireplace
Hardwood Floors
Basement
Exterior Amenities
Grass Lawn
Secluded setting
Tool Shed


Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3522193




Photo Gallery


















Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3522193
All information in this site is deemed reliable but is not guaranteed and is subject to change



August 19, 2010

Great New Price on 5.5 Acres in Maple Valley, Right above the Cedar River

Filed under: Maple Valley, Cedar River, acreage, land, King County, investment property, buyer — Reba Haas @ 3:09 pm



$99,000 - Cedar River Acreage - Great Opportunity
Main Photo
Location: Maple Valley, WA
Take advantage of this GREAT deal on a 5.5 acre parcel in Maple Valley to build your dream home! Secluded parcel that abuts the Cedar River Trail - grab your bike and go! Near Microsoft Connector point. Lots of privacy yet close to local stores & amenities. Many improvements have been made to move along your vision, 2 areas cleared for home and 2nd outbuilding (extra garage?). Addt’l gravel recently laid for access road. Ask agent for info package available for review. Two access points to lot.
Contact Information
Logo

My Pic Association Logo

Reba Haas
425-970-3697
www.TeamReba.com

Pricing
Price: $99,000

Property Location
23418 SE 239th Ct.
Maple Valley, WA 98038

Features

Acreage: 5.5 Zoning: RA5
School District: Tahoma Agent Name: Rebecca Haas
Broker: RE/MAX Metro Realty MLS #: 84397


Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3548542




Photo Gallery


















Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3548542
All information in this site is deemed reliable but is not guaranteed and is subject to change



August 11, 2010

Open House this Sunday, August 15th from 1-4p!! Come Over and Take a Look!!

Filed under: Kirkland, single family, King County, NWMLS, open house, real estate, Washington — Reba Haas @ 1:19 pm


$365,000 - Outstanding Opportunity in Kirkland’s Juanita Point
Main Photo
Location: Juanita Point
This is not your typical Tri-level! Juanita Point area home, tucked away on a quiet cul-de-sac, perfectly situated in a wonderful location for easy commuting & total convenience. Walk to great schools, beaches, trails & parks are only moments away. Vaulted ceilings greet you at the hardwood entry leading to the spacious living & dining rooms. Kitchen with hardwoods is open to family room with skylights, fireplace, and access to two nice entertainment decks. The second floor offers a lovely master with ensuite bath, two additional large bedrooms and a second full bath. Enjoy the ample amount of storage on the lower with additional bedroom/office and laundry room. Welcome Home!

Contact Information

Logo

My Pic Association Logo

Reba Haas
425-970-3697
www.TeamReba.com

Pricing

Price: $365,000

Property Location

11934 80th Place NE
Kirkland, WA 98034

Features

Bedrooms: 3 Bathrooms: 3.25
Parking Spaces: 2 Year Built: 1983
Subdivision: Juanita Point Lot Size: 8438
Garage Size: 2 School District: Lake Washington
Square Footage: 2120 Agent Name: Reba Haas
Broker: RE/MAX Metro Realty MLS #: 66105

Attributes

Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Sink Disposal
Microwave
Interior Amenities
Fireplace
Hardwood Floors
Vaulted Ceilings
Dining Room
French Doors
High Tech Cabling
Skylights
Dbl Pane/Storm Windows
Exterior Amenities
Patio
Fenced Yard
Grass Lawn
Secluded setting

Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3524571



Photo Gallery


















Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3524571

All information in this site is deemed reliable but is not guaranteed and is subject to change



August 10, 2010

Open House in South Park - Sunday, August 22nd from 1-4p!




$189,000 - Incredible South Park Opportunity
Main Photo
Location: South Park
Own a piece of history with this ½ acre former basil farm in South Park! Lots of potential! 2-story home features jazzy updated kitchen with stone flooring and stainless steel countertops. Large living room with territorial views and sandstone brick fireplace. Two bedroom + partially updated bath on main floor. Daylight basement is roughed in for rec room, bedroom or large bonus room, ½ bath, & laundry. Huge shop and 3 garage bays great for artist or auto enthusiast.
Contact Information
Logo

My Pic Association Logo

Robin Tomazic
206-799-9277

Pricing
Price: $189,000

Property Location
1033 S Director St.
Seattle, WA 98108

Features

Bedrooms: 2 Bathrooms: 1.5
Parking Spaces: 3 Year Built: 1959
Subdivision: South Park Lot Size: 21,344
Garage Size: 3 School District: Seattle
Square Footage: 1630 Agent Name: Robin Tomazic
Broker: RE/MAX Metro Realty MLS #: 80164

Attributes
Interior Amenities
Fireplace
Hardwood Floors
Basement
Exterior Amenities
Grass Lawn
Secluded setting
Tool Shed


Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3522193




Photo Gallery


















Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3522193
All information in this site is deemed reliable but is not guaranteed and is subject to change



August 5, 2010

Does distressed investment property qualify for 1031 exchange status?

Over the past 10 years when the go-go markets of real estate were flying high and lots of people were jumping into the real property investment pool, not too many people worried about the consequences of losses.  It was an easy game where everyone was making what they thought was easy money - who cared if the property didn’t cash-flow for a few years, you’d just hold onto it for 2-3 years and then flip it for a much higher appreciated value.  Or, if you’d owned the property longer than since 2000 you could pull out equity and utilize it for more investment purchases, buying expensive personal toys like boats, flat-screen TV’s, and more.  Well, in mid-2007 those days came to an end.

multifamily property 4-plex  

What we’ve been seeing since then are a lot of investment properties (1-4 units, small multi-family, small and large commercial) coming on market that are in distressed condition, meaning, the owners are in default or they’ve lost so much money over time paying out to subsidize the monthly losses of negative cash-flow that the individual(s) is in their own financial distress having burned through their other assets to maintain this one.  In many cases the properties are coming back on market at prices below what the seller purchased them for so usually there is a short sale involved.  In these cases, if there is forgiven debt then there are typically tax consequences involved.  Some folks who are familiar with what are called tax deferred exchanges may wonder if perhaps using one of these programs might help avert the tax consequence of an investment short sale.

Read this link from OREXCO 1031 Exchange to get the info on whether or not foreclosures, deed-in-lieu, and/or short sales qualify.

commercial building photo

June 30, 2010

South Park Bridge Wake event tonight!

South Park Bridge Wake Event click on this link to access the PDF file with all of the details of the event.

Meet up at 14th & Cloverdale from 6-10pm.

6pm - event begins

630pm - Duwamish Tribal Drums lead procession

659-7pm - moment of silence

7-720pm - bag pipes for final raising of the leaves

730-8pm - New Orleans funeral band

8-830pm - Latino roots/folk band

9-930pm - Baby Gramps Blues

lots of other fun things will be going on at this event with food and entertainment available for all.

As the flyer puts it, “The bridge may have died, but South Park LIVES!”against overnight. to adderall tablet
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Last minute attempts in the House and Senate working to extend tax credit closing timeline

The folks at Inman released the news that the House has approved an extension of the closing timeline for 1st time buyers and move-up buyers to get the tax credits offered for purchasing during the specified time limit.  However, we’re still waiting for final news that the Senate has also approved it. Keep your eyes and ears peeled for it, but in the meantime all of the escrow offices I know are working full-tilt to get as many contracts closed today as they humanely can do.

Some of the frustrations that home buyers have experienced are that a large amount of the sales going on today involve either bank owned or short sale transactions - both of which aren’t always following the deadlines put to them in real estate contracts.  With short sales taking, on average, around 6 months or more to close these types of transactions have really strangled the buyers who are trying to purchase them, if they were going for the tax credit.

At Team Reba we’ve seen the reality of the concerns that buyers have had with at least one listing having had a contract cancelled due to concerns that the buyer wouldn’t be able to close in time for the tax credit.  Now it’s too bad that they did so since the extension is likely here.  We also had another contract where we had to push hard on behalf of our buyer because the family was purchasing a bank owned home where the Trustee and the bank were slow to respond on every deadline and request for documentation, taking upwards of 3.5 months to close the deal. We just closed that transaction last week, much to the relief of our clients.

For the rest of you out there waiting to get your closing done today, you might cross your fingers, toes and legs and knock on wood - let’s hope the Senate gets moving on this bill.

June 21, 2010

New Fannie Mae guidelines revealed for underwriting plus new rules for buyers with prior short sales.

The REALTOR.org site has links to stories that cover these items. For different types of Fannie Mae backed loans there are new underwriting guidelines to help mitigate risk on these loans which means that for the public they’ll be harder to get. Not impossible, but more documentation and stricter guidelines for qualify. 

Specifically, Adjustable Rate Mortgage (ARM) loans are addressed with regard to qualifying standards (ie, customers must qualify at the adjusted rate, not the teaser/start rate) and interest only loans (yes, they still exist)now require a minimum 720 FICO credit mid-score.

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Open House this Sunday, May 23rd from 1-4pm!!!!

Filed under: NWMLS, King County, FHA/VA, Kent, real estate, condo, seller, buyer, open house, Washington — Reba Haas @ 10:29 am



$105,000 - Kent East Hill Spacious Condo
Main Photo
Location: East Hill
Lovely well maintained top floor condo in Kent East Hill. This spacious 1 bedroom condo offers a open living area w/wood burning fireplace & large 5 piece bath off master bd. Nice territorial view from private covered deck. Full laundry room/walk in pantry. There are also two assigned parking spaces and a large storage room in bottom floor of building.Don’t miss the Club House with Sauna!5 minutes to Kent Station/Sounder - great for shopping & dining close to home or commuting to Seattle.
Contact Information
Logo

My Pic Association Logo

Robin Tomazic
206-799-9277

Pricing
Price: $105,000

Property Location
140 Summit Ave N #A11
Kent, WA 98030

Features

Bedrooms: 1 Bathrooms: 1
Parking Spaces: 2 Year Built: 1980
Subdivision: East Hill Located on Floor #: Top
Floors in Bldg: 2 School District: Kent
Square Footage: 717 Agent Name: Robin Tomazic
Broker: RE/MAX METRO REALTY MLS #: 62607

Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Sink Disposal
Interior Amenities
Fireplace
Extra Storage Area
Building Amenities
Patio
Sauna


Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3332272




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Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3332272
All information in this site is deemed reliable but is not guaranteed and is subject to change



Open House this Saturday, May 22nd from 1-4pm!!!!

$384,990 - Fantastic Fairwood Greens Golf Community!!
Main Photo

Location: Fairwood Greens

Come live in the fantastic Fairwood Greens neighborhood overlooking the 14th tee! Inviting and cheerful, updated 1973 home with new carpet on main floor. Open, circular floor plan with a nice flow of living room, dining room, great room has kitchen w/ slider access to deck and its expansive BBQ deck w/ gas hook up. Four bedrooms on main, Master bath with walk in shower. Additional full bath on main and guest 1/2 bath on lower level. Join the community clubhouse via a social or golf membership. Nearby shopping and parks make this a convenient place to call home. Enjoy the 2 car garage where groceries can be unloaded right into the house on those rainy days—no dodging raindrops. Welcome home!

Contact Information
Logo

My Pic Association Logo

Reba Haas

reba@teamreba.com

425-970-3697

www.TeamReba.com

Pricing
Price: $384,990

Property Location
16931 155th Pl SE

Renton, WA 98058

View Map

Features

Bedrooms: 4 Bathrooms: 2.5
Parking Spaces: 2 Year Built: 1973
Subdivision: Fairwood Greens Lot Size: 10,800
Garage Size: 2 School District: Kent
Square Footage: 2880 Agent Name: Rebecca “Reba” Haas
Broker: RE/MAX METRO REALTY MLS #: 2881

Attributes

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Vaulted Ceilings

Basement

Attic

Office

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Golf Course Lot

Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3307847

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Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 3307847

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