Team Reba Real Estate

Wonderfully Maintained 2005 Townhome

Filed under: Lynnwood, FHA/VA, Danver's Place, townhouse, Snohomish County, buyer, real estate, seller — Reba Haas @ 3:26 pm

$314,950 - Beautiful Danver’s Place Townhome!!

Location: Danver’s Place

Gorgeous move-in ready 2005 year built townhome in a quiet, well-maintained community. The main floor boasts a combined living and dining area, spacious kitchen complete with large island perfect for entertaining. The living area has a gas fireplace and a stunning vaulted ceiling. Off the living area is the fully-fenced and landscaped private backyard for you to enjoy. Head upstairs to find the master bedroom with walk-in closet and large 5-piece bath. Also, upstairs are 2 additional bedrooms, a full bath and a great den/loft. Laundry room conveniently located on the upper floor close to the bedrooms. Other great features of this home; ample amount of storage space, attached roomy 2-car garage with abundant work space. The only thing missing from this meticulously maintained home is you!

Contact Information

My Pic Association Logo

Rebecca “Reba” Haas

info@teamreba.com

425.970.3697

Pricing

Price: $314,950

Property Location

227 196th Pl SW #102

Lynnwood, WA 98036

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Links

Check out all the photos here!!

Features

Bedrooms: 3	Bathrooms: 2.5
Parking Spaces: 2	Year Built: 2005
Subdivision: Danver’s Place	Attached on: 1 Side
Garage Size: 2	School District: North Shore
Square Footage: 1761	Agent Name: Rebecca Haas
Broker: RE/MAX Metro Realty	MLS #: 37391

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Fireplace

Hardwood Floors

Security System

Kitchen Island

Vaulted Ceilings

Exterior Amenities

Patio

Fenced Yard

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Equal Housing Opportunity

VFLYER ID: 3178461

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Equal Housing Opportunity

VFLYER ID: 3178461

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

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Buying a foreclosure home in WA State? Be prepared that excise tax may become your responsibility if this Senate measure passes.

Filed under: Pierce County, King County, title/escrow, property taxes, Snohomish County, townhouse, Conventional loans, FHA/VA, single family, market activity, tax issues, buyer, seller, economic issues, legal issues, Puget Sound, foreclosure, real estate, condo, mortgage/loan, Washington — Reba Haas @ 10:54 am

WR Urges Call to Action on Proposed Tax Increase
Please send a message immediately to State House members to stop taxes on real estate. The Senate’s budget increases the B&O .25% on real estate professionals, as well as shifts the real estate excise tax onto the buyer of a foreclosed home. The Senate’s budget passed the Senate and is now being considered in the House.

The message above was sent out to real estate agents who are members of the local multiple listing service along with a link to the site where we could send a message to our representatives. For the general public, I realize that you may not care if real estate professionals are hit with a higher Business & Occupation (B&O) tax, but know that we have the highest rate of such a tax in this state.

The more important issue to the home buying public is the shift of moving the excise tax payment burden from the seller to a buyer of a foreclosed home. All this does is help lessen the costs of banks when selling their foreclosed inventory and it puts a higher cost burden on the buyers, who in many cases for first time buyers are just barely qualifying for the amounts that they’re purchasing in. If excise tax, which runs 1.78% here, is now put on them as a closing cost fee, then that buyer ends up paying the tax twice because they’ll have to pay it again later when they sell the home at whatever that new value will be at that time. Also, it will lessen the amount of home purchasing power that they’ll have, at least when it comes to buying bank owned homes because that will likely be part of the qualifying factors for the lender when they do their underwriting review. If a buyer is qualified at $200k for a traditional purchase but now 1.78% ($3,560 in this case) must be considered, then a buyer may not be able to buy a $199k home because the excise tax payment requirement puts them just out of reach if they originally only needed $7,000 for down payment via FHA (3.5%), PMI payment of roughly the same amount (possibly wrapped into financing) still increasing cost of loan and impacting qualifying factors, and reducing what they might have in their “reserve” accounts which are also factored in for qualifying because most banks want 3-6 months worth of funds available at closing.

If you are in support of not having the excise tax payment shift made to buyers, please contact your State representative immediately!

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Great Opportunity in the Well-Kept Triplex

Filed under: real estate, Snohomish County, Everett, tenant, landlord, Washington, seller, buyer, rental — Reba Haas @ 3:41 pm

$349,000 - Well-Kept Triplex, Great Owner Occupied Opportunity

Location: Everett

Wonderful owner occupied opportunity for a triplex in a very convenient location in Everett. Near bus routes, services, and I-5 access. Two buildings with 4bd/1.5ba rooming house on main floor of original building, basement 2bd/1ba apartment, and a 2nd building with 2bd/1ba unit and 3 secure garage units. Additional off-street parking for total of 6 spaces. Street parking available. Large storage/shop in basement of main bldg could be turned into rentable storage for tenants.

Contact Information

My Pic Association Logo

Rebecca (Reba) Haas

info@teamreba.com

425.970.3697

Pricing

Price: $349,000

Property Location

4331 Terrace Drive

Everett, WA 98203

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Features

Units: 3	Bedrooms: 8
Bathrooms: 3.5	Year Built: 1920/2008
Parking Spaces: 6	Square Footage: 5414
Lot Size: 7405	Floors in Bldg: 2
School District: Everett	Broker: RE/MAX Metro Realty
Agent Name: Rebecca (Reba) Haas	MLS #: 33807

Attributes

Building Amenities

Storage Area

Laundry Room

Interior Amenities

Refrigerator

Washer/Dryer

Wall-to-wall Carpet

Exterior Amenities

Front Yard

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VFLYER ID: 3164274

Photo Gallery

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

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An interesting video explaining One West Bank profit model on “short sales” of former IndyMac loans

Filed under: King County, market activity, tax issues, real estate, Pierce County, Snohomish County, Conventional loans, FHA/VA, single family, condo, mortgage/loan, seller, economic issues, legal issues, buyer, Puget Sound, foreclosure, short sale, interest rates, Washington — Reba Haas @ 10:12 am

This is an interesting video about former IndyMac loans that were purchased by One West Bank and how the short sale process enriches that company. I had a short sale that I negotiated for a client last summer that included a 1st lienholder as IndyMac (now One West Bank) and our understanding of how these transactions worked helped us close a great deal for our buyer - without the… seller taking on a promissory note. What frustrates me is to see the lenders who buy discounted notes and won’t negotiate in good faith on the “short”.

Watch Video

Keep in mind, that if the short sale was an investment property, there is not only the possibility of a promissory note to the seller, but there are tax implications for any forgiven debt. Currently, with the Mortgage Debt Relief Act of 2007, primary residences have had some reprieve from taxation on forgiven debt, but a lot of underwater loans belonged to people convinced of buying single family homes as investment properties who weren’t that financially stable to begin with but who had hoped to grow their assets but who are now losing nearly everything.

If you know someone who is in a position of needing to do a short sale in the King, South Snohomish or North Pierce County areas, please feel free to have them call us to learn some of the options available to them.

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Snohomish County Courthouse holidays (closures) for 2010

Filed under: Snohomish County, title/escrow, townhouse, single family, commercial real estate, FHA/VA, market activity, real estate, economic issues, legal issues, seller, mortgage/loan, condo, Washington — Reba Haas @ 10:49 am

Much like the folks in King County, there are days in Snohomish where the recording office is closed. This will affect the closing of any real property transfers, sales, and refinances. Below are the dates affected:

January 1st - New Year’s Day, January 18th - MLK Day

February 15th - President’s Day

May 31st - Memorial Day

July 5th - Independence Day

September 6th - Labor Day

November 11th - Veteran’s Day, November 25/26 - Thanksgiving

December 24th - Christmas

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Lending a helping hand to friends & family in a foreclosure or short sale position

Filed under: Pierce County, King County, market activity, tax issues, Snohomish County, townhouse, commercial real estate, Conventional loans, FHA/VA, single family, real estate, condo, buyer, seller, economic issues, legal issues, Puget Sound, interest rates, mortgage/loan, foreclosure, short sale, Washington — Reba Haas @ 2:55 pm

This is a year for the record books! We’ve seen unemployment hit a 26-year high, a skyrocketing federal deficit, massive bank bailouts, and plummeting personal investments leaving many with decimated retirement accounts. Let’s face it, this recession is brutal, and it truly has touched everyone in some shape or form.

While most of us have merely had to pare back spending, you may know someone experiencing much harder times, possibly due to circumstances beyond their control. Maybe long-term unemployment or a major-medical crisis has caused them to get behind on their mortgage payments, and now they’re looking at foreclosure.

We have an unusual request to make. If there is someone like this in your life—a friend, a family member, a coworker—who is facing foreclosure or needs help getting out from an upside-down mortgage, we’d like to ask that you give them our number. We might be able to help them find some relief.

High Success Rate of Closing Short Sales

At Team Reba, we have developed our education and area of expertise as short sale specialists, and over the past several years we have successfully helped many sellers avoid foreclosure, so we know the realities.

We use a proven, systematic process that ensures a sale goes through as quickly as possible—typically closing between 60 to 120 days. Timing is critical, because the longer it takes to close the sale, the greater the impact on the seller’s credit.

Serving Our Clients with Compassion and Integrity

So what would this process look like? We’ll sit down with your friend or family member and have a confidential and compassionate discussion that’s completely non-judgmental. They can feel free to open up about their financial situation and address any concerns. We’ll ask them if they’ve explored all the options such as loan modification or turned to family and friends for help. Then we’ll discuss how the process works and give them the information they need to determine whether a short sale is a viable option.

Please understand that our goal is not to prey on or profit from the misfortunes of others. You know us better than that, and you know we have a deep and caring commitment to serve all of our clients with integrity, especially those who are dealing with difficult circumstances. However, this service has been so effective with other clients, we wanted to spread the word, so that someone you know who might be struggling with their mortgage could begin to turn things around.

If someone you know fits this description, we encourage you to have a frank conversation and have them call us for a confidential discussion. There is absolutely no obligation and there is no direct cost to the seller if they choose to work with us. It’s certainly worth the call to give someone you care about some peace of mind.

From all of us at Team Reba of RE/MAX Metro Realty

Michael Lindekugel, Robin Tomazic, and Rebecca “Reba” Haas

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1st Time Buyer Tax Credit Extension Update

Filed under: King County, title/escrow, Pierce County, Snohomish County, Conventional loans, FHA/VA, NWMLS, market activity, buyer, seller, Puget Sound, real estate, tax issues, Washington — Reba Haas @ 4:06 pm

Everyone has been waiting with baited breath to hear what will happen with the 1st time homebuyer tax credit that currently has a deadline of November 30th for closings in 2009. Congress passed the extension as of last Wednesday and now the Senate is considering it. Today, an article from REALTOR.com notes that key lawmakers have tentatively agreed to not only the extension through April (to get under contract) but to also put a new element in for buyers who have owned and lived in a home for 5 consecutive out of the past 8 years. Tax credit available to these buyers will be $6,500 but does have some maximum income limitations and/or phase out details that you’ll need to check out for your own personal situation.

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Video of interview with bicyclist hit by train a good reminder to be careful crossing the tracks as a pedestrian. Puget Sound has lots of railways.

Filed under: Snohomish County, safety issues, Pierce County, King County, transit, Puget Sound — Reba Haas @ 10:24 am

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Oct 10, 2009 Short Sale & Foreclosure Class offered at Renton Technical College

Filed under: Pierce County, King County, tax issues, local events & places, Snohomish County, townhouse, commercial real estate, Conventional loans, FHA/VA, single family, Renton, real estate, Seattle, buyer, seller, economic issues, Puget Sound, short sale, condo, mortgage/loan, foreclosure, rental — Reba Haas @ 9:49 am

Short Sales & Foreclosure – Demystifying the Process Saturday, October 10^th , 10am - Noon

The financing and housing crisis has hit Washington residents with 1 in 10 homeowners owing more than their home is worth. What does this mean to you as a homeowner, seller, or potential investor buyer? Learn what a Short Sale is (it isn’t a fast process) and how it relates to and differs from a foreclosure. How do Short Sales work and who are the best candidates for doing them? What are the timelines for each process? And more importantly, if you’re involved in one what can you expect? This class will demystify the process and give you the knowledge you need to navigate one, as a buyer or seller.

Mail in registration at RTC is closed for this course so if you want to attend this class you MUST send email RSVP’ing to Info@TeamReba.com no later than Thursday, Oct 8th. Course cost is $10 payable the day of the class. Only cash or checks will be accepted.

Other class info and sign up is available at this link page 63 of the booklet. Sign up for future classes is available via this link at Renton Tech.

Individuals registering for any Continuing Education class at RTC can register:

In person in the Registration office
By mail to Renton Technical College, 3000 NE 4th Street, Renton, WA. 98056
» Please print, complete front and back, and mail to the above address.
Registration Form
By fax at 425-235-7826
1. Online
2. If an individual is new to the college and wishes to register with the web option, they are required to apply for admission through Online Student Services. When the admissions application is processed, the individual will be provided with a student identification number and PIN.
3. The web registration option requires that students have a student identification number and PIN number to access web registration.
Pay tuition at the time of registration
Purchase required books, tools and/or supplies.

Other up-coming classes:

Why Women Should Buy Real Estate Saturday, October 24^th, 10am - Noon

Whether you want to build a nest or a nest egg, it makes sense to consider real estate as part of your financial plan. Learn tips on how to research the right home or neighborhood for you, how to choose the right type of abode for your individual needs and best tips for navigating the process of buying.

Join us for “girl time” devoted to preparing you for one of life’s biggest purchases, beyond fabulous strappy sandals.

“No Fluff” Real Estate Investment Analysis Saturday, November 7^th, 10am – 1pm

In this “No-Fluff Real Estate Investment” class, you’ll discover how to do the financial due diligence necessary to make your real estate investment a profitable one. Learn the basics of financial analysis, taxation and planning from a financial analyst experienced in public and corporate accounting, taxation, financial management and analysis.

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Price drop on Lynnwood Picnic Point listing to $179,950… a great deal on an adorable home

Filed under: Snohomish County, market activity, townhouse, Lynnwood, Conventional loans, FHA/VA, Fair Housing, real estate, Puget Sound, buyer, HOA, short sale, condo, foreclosure, seller — Reba Haas @ 10:33 am

$179,950.00 - Fantastic price on a 2 bed/2.5 bath updated townhome in Lynnwood!

Location: Lynnwood, WA

Cute 2 bed/2.5 bath unit in a well-run complex of nine townhomes. Kitchen & 1/2 bath updated with slab granite counters and good looking wood laminate flooring on the main level. Bedroom suites each have own full bath. Tile entry, living room with gas fireplace, and extra outdoor living space via the large 8′ X 15′ wood deck with lace leaf maple trees. Full size GE Profile washer dryer. Garage w/ remote & lots of shelving + extra uncovered parking space. Low Home Owner Dues & great, low price. Come see for yourself! Notice to buyers and agents, this is a short sale property so plan closing timeline expectations accordingly.

Wondering what your home is worth? Contact Team Reba for a FREE market analysis!!

Contact Information

My Pic Association Logo

Reba Haas

info@teamreba.com

425-970-3697

Pricing

Price: $179,950.00

Additional Pricing Information: short sale

Property Location

3315 133rd St SW #104

Lynnwood, WA 98087

View Map

Links

Team Reba Blog

Team Reba Site

Features

Bedrooms: 2	Bathrooms: 2.5
Parking Spaces: 2	Year Built: 1994
Subdivision: Ashley Court	Garage Size: 1
Square Footage: 937	Agent Name: Reba Haas
Broker: REMAX Metro Realty	MLS #: 29095317
Uncovered parking: 1	HOA Dues: 168.00
Dues cover: water, sewer, garbage

Attributes

Appliances

Range/Oven

Full Refrigerator

Washer/Dryer

Dishwasher

Sink Disposal

Microwave

Interior Amenities

Bath off master bedroom

Wood laminate floors

Wall-to-Wall carpet

Vinyl flooring

Tile flooring

Gas fireplace

Exterior Amenities

Grass Lawn

Secluded setting

Private

Territorial view

deck(s)

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Equal Housing Opportunity

VFLYER ID: 2217902

Photo Gallery

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

Comments Off

March 11, 2010

Wonderfully Maintained 2005 Townhome

March 9, 2010

Buying a foreclosure home in WA State? Be prepared that excise tax may become your responsibility if this Senate measure passes.

March 4, 2010

Great Opportunity in the Well-Kept Triplex

February 12, 2010

An interesting video explaining One West Bank profit model on “short sales” of former IndyMac loans

January 8, 2010

Snohomish County Courthouse holidays (closures) for 2010

November 30, 2009

Lending a helping hand to friends & family in a foreclosure or short sale position

November 2, 2009

1st Time Buyer Tax Credit Extension Update

October 31, 2009

Video of interview with bicyclist hit by train a good reminder to be careful crossing the tracks as a pedestrian. Puget Sound has lots of railways.

October 7, 2009

Oct 10, 2009 Short Sale & Foreclosure Class offered at Renton Technical College

September 19, 2009

Price drop on Lynnwood Picnic Point listing to $179,950… a great deal on an adorable home

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