Rental Housing Assoc sends out its April 2012 line up of education/classes

I’ve been a big fan of the Rental Housing Association of Puget Sound for many, many years and today I received their latest newsletter with the calendar of events for April 2012. There are a lot of great classes available that are open to members and even non-members who are considering membership.

As an owner of rental property, I like keeping up on the latest news and gaining better skills in working with tenants and the legal issues that arise as a landlord. As a real estate broker, I like being able to network with some really great people and to learn from some of the best, many who are members or who are associated with the membership of RHA. This group also fights for the rights of landlords within the State, counties and cities where laws are enacted that impact property owners – oftentimes affecting the legal rights and pocketbooks of these folks.

See below for the April 2012 calendar:

April Seminars

All seminars held at RHA Office, 2414 SW Andover St, Suite D207 – Seattle, WA 98106, unless otherwise noted.

* All Seminars $45 unless otherwise noted.

CH = Clock Hours (CRE)

April 11 – Water Damage Mitigation; 3-6:30 pm, CH

April 12 – Energy Benchmarking Overview; 12-1:30 pm, FREE

April 18 – WA State Landlord Tenant Law; 3-6 pm CH

April 19 – Finding Quality Tenants; 4-6:30 pm

April 25 – The Move-OUT Process South Sound; 3-6 pm

April 26 – The Move-IN Process, Advanced Issues; 4-7 pm

April 26 – Associate Vendor Member Peer to Peer Networking; 5-7pm

You may register online for these seminars by clicking the links above, or by contacting Holly at 206-905-0605

All Seminars for 2012 are up online! Visit our event calendar to see what’s happening this year!

I hope you’ll check out www.rha-ps.com and get to know this organization and all they have to offer!

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Carbon Monoxide alarms must be installed in residential property in WA State when selling

Yesterday, I let my clients know about a memorandum that came out updating status of carbon monoxide alarms in residences in Washington State. One client said “thanks for the notice and I’ll put it on the list of preparations” and another was questioning having to do something else before his home sale closes on April 2nd. I understand his trepidation, but I told him I was only a messenger in this one and the State is who makes the call. Everyone needs to know about this change that has finally become a requirement because you don’t want to be caught unprepared. Many industry people were fighting its implementation for a while, but that time has passed and now it’s required – be prepared!

Here’s what I sent our clients, including the local NWMLS notice:

Hello clients of Team Reba,

You’re receiving this email because you either have a listing currently with us, you are in contract to sell or buy a property that will close past April 1st, or you are about to list or purchase a property with us in the coming days, weeks or months. Please read the following memo that was just released within our local Northwest Multiple Listing Service (NWMLS) regarding the REQUIREMENT for installation of carbon monoxide alarms in the sale of real estate. You’ll want to ensure that these alarms are installed and tested in any property you are purchasing or selling to meet the requirement.

CARBON MONOXIDE ALARMS

By Northwest Multiple Listing Service
March 19, 2012

1. Introduction

This bulletin summarizes new “point of sale” requirements related to the installation of carbon monoxide alarms and the corresponding revisions to NWMLS’s purchase and sale agreements.

2. When is a seller required to install a carbon monoxide alarm?

Effective April 1, 2012, RCW 19.27.530 requires the seller of any owner-occupied single-family residence to equip the residence with carbon monoxide alarms in accordance with the state building code before a buyer or any other person may legally occupy the residence following the sale. 1 This requirement applies to all single family residences, including single family homes, condominiums, and manufactured/mobile homes.

The building code (WAC 51-51-0315) requires that an alarm be installed: (1) outside of each separate sleeping area in the immediate vicinity of each bedroom; (2) on each level of the dwelling; and (3) in accordance with the manufacturer’s recommendations. The building code also requires that single station carbon monoxide alarms comply with UL 2034. 2 There are no exceptions for properties that do not have fuel-fired appliances or an attached garage. The alarms may be battery operated and can be purchased for as little as $25 from a variety of sources.

The building code also requires that single station carbon monoxide alarms comply with UL 2034. There are no exceptions for properties that do not have fuel-fired appliances or an attached garage. The alarms may be battery operated and can be purchased for as little as $25 from a variety of sources.

In addition, effective April 1st, the building code requires a property owner to install carbon monoxide alarms when alterations, repairs or additions requiring a permit occur, or when one or more sleeping rooms are added or created. There has been a requirement to install carbon monoxide alarms in new construction since January 1, 2011.

3. What is carbon monoxide and why are alarms necessary?

Carbon monoxide (CO) is a poisonous gas that kills approximately 500 people in the United States every year. Carbon monoxide killed over 1,000 Washington residents between 1990 and 2005. You cannot hear, taste, see or smell carbon monoxide. In many cases of reported carbon monoxide poisoning, victims were aware they were not well, but became so disoriented that they were unable to save themselves by either exiting the building or calling for assistance. Young children and household pets are typically the first affected.

Carbon monoxide alarms are intended to trigger at carbon monoxide levels below those that cause a loss of ability to react to the danger of carbon monoxide exposure.

4. How will NWMLS forms be revised?

NWMLS revised its purchase and sale agreements (Forms 20, 21, 23, and 28) to make clear that it is the seller’s (not the brokers’) responsibility to install the alarms. The agreements also provide that the buyer and seller will hold the brokers and their real estate firms harmless from the seller’s failure to install the alarms.

The revised purchase and sale agreements should be used for all transactions where the parties reach mutual acceptance on or after April 1st. For transactions that were agreed to before April 1st, but will not close until on or after April 1st, the seller is still responsible for installing the alarms as required by the building code. However, the revised forms should not be used for those transactions because the parties already have a binding agreement.

The new language in General Term “f” of the purchase and sale agreements (Closing and Possession) provides:

RCW 19.27.530 requires the seller of any owner-occupied single-family residence to equip the residence with a carbon monoxide alarm(s) in accordance with the state building code before a buyer or any other person may legally occupy the residence following the sale. The parties acknowledge that the Brokers are not responsible for ensuring that Seller complies with RCW 19.27.530. Buyer and Seller shall hold the Brokers and their Firms harmless from any claim resulting from Seller’s failure to install a carbon monoxide alarm(s) in the Property.

The revised purchase and sale agreements will be available in hard-copy for order and distribution later this month and will be published on Xpress Forms on April 1, 2012.

5. Related Legislation

Senate Bill 6472 has been passed by the legislature and awaits the governor’s signature. That bill revises the Seller Disclosure Act (RCW 64.06) to include a new question about carbon monoxide alarms on both Form 17 (Improved Residential Real Property) and Form 17 Commercial (Commercial Property). The new question asks the seller whether carbon monoxide alarms have been installed in the property and reminds the seller, in Form 17, that RCW 19.27.530 requires the seller to install carbon monoxide alarms in accordance with the state building code.

In addition, Senate Bill 6472 modifies RCW 19.27.530 to provide that “Real estate brokers licensed under chapter 18.85 RCW shall not be liable in any civil, administrative, or other proceeding for the failure of any seller or other property owner to comply with the requirements of this section or rules adopted by the building code council.” This means that, in addition to the protections in the purchase and sale agreement, real estate brokers also have a statutory exemption from liability.

If signed by the governor, Senate Bill 6472 will likely be effective in June 2012. Please look for later announcements from NWMLS about revisions to Form 17 and Form 17 Commercial.

6. Additional Information

Additional information about carbon monoxide is available at the Washington State Department of Health’s website (http://www.doh.wa.gov/).

____________________
1 RCW 19.27.530 was adopted in 2009. However, in WAC 51-51-0315, the building code council provided an exception for owner-occupied dwellings. That exception will be deleted from WAC 51-51-0315 on April 1st, which gives effect to the point of sale requirement in RCW 19.27.530.

2 UL is a global independent safety science company. UL 2034 is the standard for safety of single and multiple station carbon monoxide alarms.

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Be sure to verify your approved number of bedrooms for the septic system BEFORE listing a home in WA State

Here in WA State licensees are not supposed to list incorrect numbers of bedrooms on their listings if the property is only approved for a certain number based on septic design. Below is a posting from our local NWMLS about the issue.

Reminder ~ On-Site Sewage Systems and Number of Bedrooms

When inputting a listing with an on-site sewage system, the number of bedrooms you input must not exceed the number of bedrooms for which the on-site sewage system is approved. For example, if the property has four bedrooms, but the on-site sewage system was only approved for three bedrooms, then you must input three as the number of bedrooms. Both the Department of Licensing and the Washington courts have taken action against brokers (including suspension of licenses and money judgments) who have input more bedrooms than the on-site sewage system is approved to serve.

I am currently closing out a transaction whereby the listing agent DID misstate the number of approved bedrooms at 5 instead of 4 and we have the paperwork from the county noting that at the time the property was built, they were turned down for a 5 bedroom approval. I don’t know about other places, but the size of the system is what determines the count and in this case we found out a 1000 gallon system is for 4 bedrooms and you’d have to have a 1250 gallon system to go up to 5 bedrooms. Extrapolated out, it’s apparently 250 gallons per bedroom.

The work I did with my client when we discovered this was to confirm with the county and also to discuss with septic firms what, if anything, could be done to make it viable for 5 bedrooms in the future. The other thing we learned is that 1000 gallons is supposed to handle up to 6 adults in a house. My clients are getting married this year and while they don’t have kids yet, they plan on 3 of them and also they anticipate that both of their sets of parents will come to live with them within the next 10 years. That’s going to be more than 6 adults at some point…

So, we got a concession on the price of the house and took off $20,000 from the sale price.

Interestingly enough, the appraiser I spoke to said that in his analysis, the septic didn’t really count much and the value was something he could prove at 4 or 5 bedrooms because with a house of this size (it’s 5800 sqft) they don’t assign any additional value to each bedroom and they weight it more on the square footage. Hmmmm…… I found that very odd, but I’m not an appraiser. All of this info was shared with the client who eventually felt the price concession helped to cover what might be a future cost for him if he does decide to upgrade to a 1250 gallon system.

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HAFA has some silver lining changes for underwater homeowners!

The following content comes from membership with the Certified Distressed Property Expert designation, run by Alex Charfen. It’s some really good news for homeowners who are struggling with house payments but who have kept current despite being heavily underwater in value, preventing a refinance.

Major Changes Announced for HAFA
Posted: 13 Mar 2012 05:16 PM PDT
Major news in the short sale and housing industry! On Friday, March 9, the Obama Administration announced updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through short sales and died-in-lieus.
The HAFA updates will allow more distressed homeowners to seek assistance. Most importantly, the deadline for submitting for HAFA eligibility has been extended a full year, from December 31, 2012, to December 31, 2013.
Other major changes from March’s updates to the HAFA program include:
 The removal of occupancy requirements. Previously, HAFA required homeowners to have lived in the property within the last 12 months.
 $3,000 relocation incentives are now limited to properties occupied by an owner or tenant at the time of the short sale.
 Mortgage payments may now be allowed to exceed 31% of the homeowner’s gross monthly income. This update will allow a homeowner to stay current on her mortgage and still qualify, minimizing the overall impact to her credit.
 Secondary lienholders may now receive up to a maximum of $8,500, up from $6,000 previously.
 And one of the most dramatic changes: The Credit Bureau Reporting will now be Account Status Code 13 (paid or closed account/zero balance) or 65 (account paid in full/a foreclosure was started), as applicable.
So now a homeowner can be current on their mortgage, qualify for HAFA, continue to make their payments, and execute a short sale with minimum impact on their credit!

To learn more about the CDPE organization, you can go to www.CDPE.com where you’ll read about the additional training real estate brokers receive as part of their membership and find CDPE trained brokers in your area.

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Why your house might be a Francophile…

French drains are a common retrofit on older homes in our damp NW climate. New homes have these built in as a matter of course because of today’s code requirements, but for any home built prior to the code development, it may be necessary to stop erosion near (or under) a foundation, or to keep a basement or crawl space dry. Just remember, homes are like people – they need regular upkeep to stay healthy!

You can learn all about French drains and their uses in this article by HouseLogic.

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Are distressed properties really going down in number in WA State?

I’m not sure I agree 100% with their assessment of WA State in this DS News article which says Washington State is going down in the number of foreclosure auctions. Just because lenders have slowed down their foreclosure auction rate here, doesn’t mean we don’t still have a backlog of distressed homes. We’re seeing plenty of them coming on market after the auction after no investors have purchased on the courthouse steps. We’re also seeing more lenders willing to work out a short sale thus delaying auctions or foregoing them all together if a short sale occurs.

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Lovely Sammamish home for sale at $295,000!


Reba Haas | Team Reba of RE/MAX Metro Realty | (425) 970-3697
819 212th Ave NE, Sammamish, WA
Great price on a home in popular north Sammamish area, near shopping and Eastside commuting.
4BR/1+1BA Single Family House
offered at $295,000
Year Built 1976
Sq Footage 1,450
Bedrooms 4
Bathrooms 1 full, 1 partial
Floors 2
Parking 1 Car garage
Lot Size 7,492 sqft
HOA/Maint $0 per month

DESCRIPTION

4 bed/ 1.5 bath, all NEW white appliances in the kitchen, maple hardwood floors on main, carpeted upper and lower levels. Remodeled kitchen and main baths. Great deck for entertaining in fenced back yard. Possible seller financing with low down (OAC)
see additional photos below
PROPERTY FEATURES

- Central heat - Fireplace - High/Vaulted ceiling
- Walk-in closet - Hardwood floor - Tile floor
- Family room - Living room - Dining room
- Dishwasher - Refrigerator - Stove/Oven
- Microwave - Granite countertop - Basement
- Laundry area – inside - Balcony, Deck, or Patio - Yard

ADDITIONAL PHOTOS


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Contact info:
Reba Haas
Team Reba of RE/MAX Metro Realty
(425) 970-3697
For sale by agent/broker

Equal Opportunity Housing
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Posted: Feb 8, 2012, 9:27am PST

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Guest column from Community Power Works of Seattle about available energy credits and rebates!

Dear Homeowner:
If you live in Central or South Seattle you should know about Community Power Works, a residential energy upgrade program created by the City of Seattle (www.communitypowerworks.org). The program conveniently provides a one-stop shop for homeowners who want to complete home energy upgrades.

Through Community Power Works the city has created a pool of qualified local contractors, new rebates and competitive financing. The City of Seattle is currently able to offer significant financial incentives and rebates to homeowners thanks to a $11.3 million federal grant made to spur energy savings and create green jobs.

After filling out an application, you will receive a subsidized Home Energy Assessment that will give you a report that explains the potential cost and energy savings impact of each possible upgrade. The average project ranges between $4 – $10k, but if you decide to go ahead with the upgrades you will be eligible for up to $3,000 in rebates for things like replacing old windows or adding insulation.

Making your home more energy efficient will benefits our entire community, but it is also a good investment. A study by the Appraisal Institute indicates that for every dollar of energy costs saved per year, the value of that property can increase by $20. http://1bog.org/files/2009/02/solar_home_value.pdf

Fill out an application online (https://my.communitypowerworks.org/apply/) or call 206.449.1170 with any questions.

Thanks!

Christine Grant
Community Power Works- Home Retrofit Coordinator
206.449.1135 | kellyr@cascadiaconsulting.com
www.communitypowerworks.org

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Lovely cooperative 1bd/1ba condo in the heart of Seattle’s vibrant Capitol Hill


Reba Haas | Team Reba of RE/MAX Metro Realty | (425) 970-3697
1832 11th Ave Apt D1, Seattle, WA
Great 1st floor corner unit ready for you to move in. Great Cap Hill location, minutes from downtown, easy access to bus
1BR/1BA Condo
offered at $185,000
Year Built 1909
Sq Footage 650
Bedrooms 1
Bathrooms 1 full, 0 partial
Floors 4
Parking Unspecified
Lot Size Unspecified
HOA/Maint $310 per month

DESCRIPTION

Hardwood parquet floors throughout big living and dining area. Updated kitchen is beautiful. Tempered glass double pane windows. Easy access to alternative modes of transportation. Cal Anderson Park across from you new home provides a great back drop. Pets allowed if approved by co-op. Be sure to check this gem out.
see additional photos below
PROPERTY FEATURES

- High/Vaulted ceiling - Hardwood floor - Tile floor
- Living room - Breakfast nook - Refrigerator
- Stove/Oven - Microwave - Granite countertop
- Stainless steel appliances


COMMUNITY FEATURES

- Laundry on-site - Secured entry


ADDITIONAL PHOTOS


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Contact info:
Reba Haas
Team Reba of RE/MAX Metro Realty
(425) 970-3697
For sale by agent/broker

Equal Opportunity Housing
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Posted: Jan 31, 2012, 5:20am PST

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Auburn 4-plex investment property opportunity now at $399,000


Reba Haas | Team Reba of RE/MAX Metro Realty | (425) 970-3697
904 31st St NE, Auburn, WA
professionally managed Auburn 4-plex. Each unit 2 beds/1 bath; FP, washer/dryer hook-ups & dishwashers. Fully occupied.
8BR/4BA Multi-Family, 4 units
offered at $399,000
Year Built 1984
Sq Footage 3,806
Bedrooms 8
Bathrooms 4 full, 0 partial
Floors 2
Parking Unspecified
Lot Size 13,329 sqft
HOA/Maint $0 per month
see additional photos below
PROPERTY FEATURES

- Fireplace - Dishwasher - Refrigerator
- Stove/Oven


COMMUNITY FEATURES

- Garage parking


ADDITIONAL PHOTOS


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Contact info:
Reba Haas
Team Reba of RE/MAX Metro Realty
(425) 970-3697
For sale by agent/broker

Equal Opportunity Housing
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Posted: Jan 31, 2012, 5:28am PST

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