$249,000.00 - Beautiful Bonney Lake Home - Open House Sept 4th from 1-4pm

Location: Bonney Lake, WA Lovely 1993 home nestled in beautiful, natural garden setting. The living room with stone fireplace makes you feel cozy and right at home. Sliding doors go out to the wrap around porch and large side yard. Everyone has a place to sit in the large eat-in-kitchen with center island; French doors open up to the dining room. Upstairs, enjoy the large master suite with walk-in closet and private 5-pc bath. Three additional good sized bedrooms, 2nd full bath and a bonus room make up the rest of the upper floor. The secluded backyard has something for everyone raised garden beds, playset and shed all stay with home.

Contact Information Reba Haas reba@teamreba.com 425-970-3697 www.TeamReba.com Pricing Price: $249,000.00 Property Location 11340 193rd Ave E Bonney Lake, WA 98931 View Map Links Check out all photos here!! Features Bedrooms: 4 Bathrooms: 2.5 Parking Spaces: 2 Year Built: 1993 Lot Size: 25265 Garage Size: 2 School District: Sumner Square Footage: 2257 Agent Name: Rebecca Haas Broker: RE/MAX Metro Realty MLS #: 111648 Attributes Appliances Range/Oven Full Refrigerator Washer/Dryer Dishwasher Sink Disposal Microwave Interior Amenities Fireplace Hardwood Floors Kitchen Island Private Master Bath Ceiling Fan(s) Dining Room Skylights Walk-in Closet Cable TV Gas Available Dbl Pane/Storm Windows Exterior Amenities Patio Grass Lawn Secluded setting Tool Shed Playset Cabana/Gazebo RV Parking

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Private Home on .58 Acres Stone Fireplace in Living Room Kithen w/ Island; eat-in area is to the Right French Doors open to Dining Room Large Master Bedroom 5 piece Master Bath One of four additional bedrooms One of four additional bedrooms Secluded Backyard

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$189,000 - Incredible South Park Opportunity

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 Robin Tomazic Robin@TeamReba.com 206-799-9277 Pricing Price: $189,000 Property Location 1033 S Director St. Seattle, WA 98108 View Map 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

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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

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$99,000 - Cedar River Acreage - Great Opportunity

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 Reba Haas reba@teamreba.com 425-970-3697 www.TeamReba.com Pricing Price: $99,000 Property Location 23418 SE 239th Ct. Maple Valley, WA 98038 View Map Features Acreage: 5.5 Zoning: RA5 School District: Tahoma Agent Name: Rebecca Haas Broker: RE/MAX Metro Realty MLS #: 84397

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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

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I’ll be interested to know how they expect things like this to be paid for in short sale and bank owned properties.

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$365,000 - Outstanding Opportunity in Kirkland’s Juanita Point

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 Reba Haas reba@teamreba.com 425-970-3697 www.TeamReba.com Pricing Price: $365,000 Property Location 11934 80th Place NE Kirkland, WA 98034 View Map 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

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

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www.caffefelice.net  

A new coffee shop at The Landing where I’ll be at a client and Team Reba colleague meeting tomorrow morning.  Get it… coffee…. abuzz….

The other one has my mouth watering…

BurgerTown - which has been getting noticed by many a happy customer since they opened.

Burger Town 

HOURS: 11 a.m.-8 p.m., Monday-Friday; 11 a.m.-7 p.m., Saturday; closed Sunday

ADDRESS: 601 S. 3rd St., Renton

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$189,000 - Incredible South Park Opportunity

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 Robin Tomazic Robin@TeamReba.com 206-799-9277 Pricing Price: $189,000 Property Location 1033 S Director St. Seattle, WA 98108 View Map 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

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

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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.

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I’d have to say that in addition to what she wrote here, it’s important for first time buyers to set realistic expectations for themselves. Today’s younger generations have grown up in much bigger homes than was common in generations past.  The concept of a “starter home” is a little foreign to many. 

The other big benefit of working with an agent is that it’s a great way to use their experience to get an overall view of the process and walking through it so you know what to expect in addition to a professional viewpoint of what’s going on in the market for housing and with pricing trends.  Plus, there is the added advantage of them being a personal resource for referrals to lenders, inspectors, escrow and more as you go through the purchase process.

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