David's Blog

Homebuyer Tax Credit Extended and Expanded

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 11 Nov 2009 14:43:42 -0600

The Senate unanimously voted 98-0 on Wednesday to extend the first time home buyer tax credit. It passed overwhelmingly in the House on Thursday with a vote of 403-12 and President Obama signed the bill today.

Not only was the first time home buyer tax credit extended, a new $6,500 tax credit for existing homeowners who have lived in their homes for at least five of the last eight years was added to the bill. The purchase must be made after November 30, 2009.

These tax credits will be available through June 30th of 2010; however, buyers who qualify for either of these credits MUST enter into a binding contract before April 30, 2010.

The bill also increases the income cap to $125,000 for a single person and $250,000 for a couple. And the credit is available for all homes purchased for $800,000 or less. This is ideal, as it will break up the middle part of the market that is currently stalled.

I've been predicting that home values will likely bottom in the fourth quarter of 2010. But the tax credit could change that. This is because of the extension to existing homeowners and the doubling of the salary limits for applicants. The new tax credits represent a substantial increase in the pool of eligible buyers, thus translating into more demand for housing.

This increased demand due to the tax credits will soak up some of the foreclosures expected to flood the market in 2010. I still expect foreclosures to increase over the coming months before peaking next year, bringing more cheap inventory into the market.

The spur in demand comes during the real estate market's slow winter season, so it may help overcome the seasonal declines in home sales, which were expected to translate into downward price pressure. The presence of the tax credits, however, which would expire at the end of June (for contracts completed by April) could bring increased demand to the market during this normally slow season.

Best Regards!

David J Edwards
Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week's Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Just Sold: Own this Three Bedroom, Two Bath Home in Tacoma

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 06 Nov 2009 12:01:23 -0600

1619 106th St South, Tacoma, WA, 98444

Closing Date: November 2nd 2009
Listing Price: $160,000
Sold Price: $170,000
Bedrooms:3
Bathrooms: 2
Year Built: 1976
Square Feet: 1360
Lot Size: 10454
MLS: 29129100

The Home Has Three Bedrooms, Two Baths, An Updated Kitchen & Dining Room And A Large Family Room. It Is Located On A Large, Flat Lot With Ample Space For Parking. The Backyard Is Fully Fenced. The Roof Was Recently Replaced & The Windows Were Upgraded To Double Pane Insulated Vinyl. Easy Access To Freeways! For more information visit: www.davidjedwards.com/36455.asp or Call 425-890-8045

This home is no longer available. However, if you would like to preview homes similiar to this, please contact me to arrange for a free buyer's consultation.

Best Regards!

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Open House on this Just Listed Home! Own This 6 Bedroom, 6 Bathroom House in Renton

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Thu, 05 Nov 2009 14:24:29 -0600

2110 NE 36th Street, Renton, WA, 98056

OPEN HOUSE on Saturday November 7th From 1:00 to 4:00

Price: $782,900
Bedrooms: 6
Bathrooms:5.50
Year Built: 2007
Square Feet: 5260
MLS: 29149079

This 6 Bedroom, 6 Bathroom Home Has All The Space You'll Ever Need. The Home Requires Appliances, A Few Fixtures And Some Finishing Touches But Is Essentially Move-In Ready. There Is An Office And Gourmet Kitchen On The Main Floor. The Upper Level Has Four Bedrooms And Three Bathrooms. The Lower Level Boasts 1720 Square Feet, Two Bedrooms, Two Bathrooms, A Family Room, A Den And Outside Access. Once Landscaped, The Yard Will Require Very Little Maintenance. This Home Has Great Access To I-405.

For more Information Visit:www.davidjedwards.com/37325.asp or Call 425-890-8045
http://www.flyinside.com/tour.php?id=37325

Driving Directions: From I-405, Take Exit 7. Head East on NE 44th St (Left from 405 South & Right from 405 north). Head up the hill. The street turns into Lincoln Ave. Turn right on NE 36th Street. House is on the right

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Sold! Own this Move-In Ready Three Bedrooms, One Bathroom Home In Tacoma

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 04 Nov 2009 18:21:35 -0600

5136 N Seaview Street, Tacoma, WA, 98407

Closing Date: October 30th 2009
Listing Price: $ 219,000
Sold Price: $215,000
Bedrooms: 3
Bathrooms: 1
Year Built: 1976
Square Feet: 1008
Lot Size: 5000
MLS: 29122527

This Home Is Move-In Ready And Features Three Bedrooms, One Bathroom, A Large Kitchen With An Eating Space, A Dining Room, A Fireplace And A One Car Garage. There Is A Large Private Backyard Complete With A Patio And Perimeter Fence. Skip The Bank! The Owner Will Finance Your Purchase Or Enter Into A Lease Agreement With An Option To Buy. Call The Listing Agent To Discuss The Terms. For more information visit: http://www.davidjedwards.com/36152.asp or Call 425-890-8045

This home is no longer available. However, if you would like to preview homes similiar to this, please contact me to arrange for a free buyer's consultation.

Best Regards!

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Just Listed! Own this Murray-Franklin Home: 4 Bedrooms and 3.50 Bath In Snoqualmie Ridge's Deer Park

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Tue, 03 Nov 2009 18:10:48 -0600

8905 McIntosh Court SE, Snoqualmie, WA 98065

Listing Price: $550.000
Bedrooms: 4
Bathrooms: 3.50
Year Built: 2008
Square Feet: 3170
Lot Size: 7369
MLS: 29151122

This Murray-Franklin home in Snoqualmie Ridge's Deer Park, sits on a quiet cul-de-sac with a greenbelt on 2 sides! There's a 3 car garage, large office, 3/4 bath, formal dining & living room, family room, a gourmet kitchen with eating space & granite counters on the main. The 2nd floor has an incredible master suite, walk-in closet, 5 piece bath, 3 additional beds, a bonus room & full bath. Boasting the highest quality finishes throughout, this craftsman property is ready for you to call home.

For more information visit:www.davidjedwards.com/37413.asp or Call 425/890/8045
Virtual Tour: http://www.flyinside.com/tour.php?id=37413

Driving Directions: From I-90 take exit 25. Drive N on Snoqualmie Parkway. Turn R on Swensen Drive. R onto McIntosh Ct SE.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Listed! Own This Spotless Four Bedroom Home its move-in ready

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 28 Oct 2009 12:11:37 -0500

6838 S Oakes Street, Tacoma, WA, 98409

Price: $160,000
Bedrooms: 4
Bathrooms: 1
Year Built: 1965
Lot Size: 6098
Square Feet: 1406
MLS: 29147660

This Spotless Four Bedroom Home Is Move-In Ready With Fresh Interior Paint, New Carpets And Insulated WindowsThroughout. All Of The Appliances Are In Place And Being Sold With The Home. The Fully Fenced Exterior Benefits From A New Roof, New Paint And A Detached Garage With Alley Access.

For more Information Visit:www.davidjedwards.com/37239.asp or Call 425-890-8045
http://www.flyinside.com/tourphp?id=37239

Driving Directions: From 512 E, Take the WA-7/Pacific Ave. Exit to Prklnd/Span. R on WA-7/Pacific. R on WA- 507/SM Hwy. R on Water St. W. R on Warren St. N. L on Cedar St. W. Cedar becomes James St. N. End @ 312 James St.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

David J Edwards

Real Estate Agent & REALTOR
The David J Edwards Team
Keller Williams Realty Southeast Sound
Phone: 425-890-8045
Fax: 425-902-1899
E-Mail: david@davidjedwards.com
Website: http://www.davidjedwards.com
Blogsite: http://www.davidjedwards.com/real-estate-blog.asp
Mobile Site: http://davidjedwards.mofuse.mobi
Community Reports: http://www.topmarketer.net/CSR/CSReport.aspx?CV4GU5KAYOEF
View This Week's Market Conditions Around Your Home: http://www.homeinsight.com/Widget/default.asp?BFBMVVHW4HZT

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Just Listed! Own This 6 Bedroom, 6 Bathroom Home in Renton

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 26 Oct 2009 13:47:16 -0500

2110 NE 36th Street, Renton, WA, 98056

Price: $782,900
Bedrooms: 6
Bathrooms:5.50
Year Built: 2007
Square Feet: 5260
MLS: 29149079

Best Regards!

Just Reduced! Own This Remodeled Home with 5 Bedrooms and 3 Bathrooms in Kent

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 19 Oct 2009 13:25:35 -0500

10933 SE 235th St Kent WA 98031

New Price: $289,000
Bedrooms: 5
Bathrooms: 3
Year Built: 1965
Square Feet: 2870
Lot Size: 8,556 Square Feet
MLS: 29083625

This beautiful home has been completely remodeled inside and out. The interior boasts five large bedrooms, two master suites, a formal living room and a large functional kitchen. The exterior boasts a new roof, vinyl windows, fresh paint and a large fully fenced yard. This home enjoys close proximity to resturants, parks, schools and public transportation.

For More Information Visit: http://www.davidjedwards.com/34631.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34631

Driving Directions: WA-167 S/VALLEY FWY. Take the 212TH Exit. Head East on S 212TH ST. 212TH becomes S 212TH WAY. 212TH becomes S 208TH ST. RIGHT on 108TH AVE SE. LEFT onto SE 235TH ST.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Listed! Own this Ground Floor Condo Unit with A Fireplace

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 16 Oct 2009 13:14:57 -0500

C7 9623 S 248th Street, Kent, WA, 98030

Price: $115,000
Bedrooms: 2
Bathrooms: 1
Year Built: 1966
Square Feet: 892
MLS: 29144480

This Ground Floor Unit Has A Fireplace, Extra Storage Space, Energy Efficient Vinyl Windows, Two Oversized Bedrooms, A Washer & Dryer In The Unit And It Has Been Completely Replumbed. The Cabana Is Complete With A Kitchen And Exercise Room. It Overlooks A Pool And A Sports Court. This Is Not A Bank Owned Home Or Short Sale.

For more Information Visit: http://davidjedwards.com/ 37108.asp or Call 425/890/8045
http://www.flyinside.com/tour.php?id=37108

Driving Directions: From HWY 167 take 84th Ave S. exit toward N. Central Ave. Left on 84th Ave S. It becomes Central Ave. N. Left on E. Smith St/WA-516. Sharp left on 94th Ave S. Right on S. 248th St. Condo is on RIGHT.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Open House: Own This Beautiful 4 Bedroom, 3.5 Bathroom Home in Renton

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Thu, 15 Oct 2009 16:33:03 -0500

Open 12:00 to 3:00 Saturday October 17th

15641 203rd Ave SE, Renton WA 98059

Price: $580,000
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1999
Square Feet: 3350
Lot Size: .30 Acres
MLS: 29061139

This spectacular home has been remodeled inside & out, creating the ultimate combination of craftsmanship, style & design. You'll love the gourmet kitchen, new carpet, tile floors, & granite counters. There is a mother-in-law apt on the main floor & a huge bonus room over the garage. The home is located on a quiet cul de sac. It sits on a large, private lot that backs to a greenbelt. It boasts a new outbuilding and 1600 sq ft of wrap around decking with hot tub & swim spa. Issaquah schools!

For More Information Visit: http://www.davidjedwards.com/34057.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34057

Driving Directions: Exit 4 from I-405. L on ramp. R on WA169. R on Sunset. R on 3rd. 3rd becomes 4th. 4th becomes 128th. R on 196th. 196th becomes 150th. 150th becomes 152nd. R on 204th. R on 156th. 156th becomes 203rd.

If you would like to preview these two open houses, please contact me to arrange for a private showing.

Best Regards!

Northwest MLS brokers agree "there's a lot to be optimistic about"

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 14 Oct 2009 12:53:31 -0500

KIRKLAND, WA, October 5, 2009. "There's a lot to be optimistic about," according to one director of the Northwest Multiple Listing Service upon reviewing summary statistics for September's housing activity. The report shows a big jump in pending sales compared to a year ago (up almost 27%), continued drops in inventory (down 17.7% versus a year ago) and brisk demand for homes at the lower end of the price spectrum.

Distressed properties in the system continue to be a drag on prices - median prices for last month's sales were down about 7.5% from a year ago - and brokers continue to voice frustration with slow response time by lenders. (Banks are taking 9.5 weeks to respond to short-sale requests, versus 4.5 weeks a year ago, according to research by Campbell Communications of Washington, D.C.) Joe Spencer, president and COO of John L. Scott Real Estate, estimates up to 10% of pending sales do not close because they're caught in the short sale cycle. Still, he comments, "There is a lot to be optimistic about." He cites interest rates that are now in the high four percents as bordering "on being epic" and the federal tax credit as stimulants to the market.

Northwest MLS brokers reported 7,581 pending sales (offers made and accepted but not yet closed) during September, outgaining the same period a year ago by 1,599 transactions for a 26.7% increase. Last month's condominium sales surged, with pending sales up nearly 25% from a year ago after languishing in negative year-over-year figures for the first five months of 2009 and only modest gains over the past three months.

During September, members added 10,054 new listings of single family homes and condominiums to inventory, about 7.6% fewer than a year ago. With the combination of fewer new listings and more sales, inventory at month end dipped to its lowest level since March. At month end, the selection included 40,041 properties for sale (33,332 single family homes and 6,709 condominiums). That's down 17.7% from twelve months ago.

"Our market has certainly come a long way since this time last year," said Ron Sparks, managing vice president of Coldwell Banker Bain, who said demand is at its highest level in two years. "For all the challenges that remain, it would be difficult to not appreciate the reemerging market vitality that continues to build even as the summer buying season closes," he added. Activity at open houses is reported to be brisk in many areas, which MLS directors attribute to a combination of factors, including expanded use of a "Public Open House" program. This program allows buyers to search schedules of all open houses in the NWMLS system from the website of any member broker that uses the feature.

Brokers also credit improved affordability, incentives and the looming deadline for the $8,000 tax credit for first-time home buyers as boosting activity. As the Nov. 30 deadline for the federal $8,000 tax credit program approaches, Spencer advises buyers to "be under contract by the third week of October, to close by Thanksgiving, and to stay away from short sales." "Because there are so many short sales and bank owned property sales, it was inevitable that prices would fall slightly," explained NWMLS director Dick Beeson, the broker/owner of Windermere Commencement Associates in Tacoma.

Year-over-year prices are down nearly 7.5 percent across the 19 counties served by NWMLS, but the median sales price of $273,000 for last month's sales of single family homes and condominiums (combined) equaled the figure for January. Beeson described the price drops as "a necessary adjustment given the number of short sales and bank owned property sales in the mix. (A survey by the National Association of REALTORS indicates distressed homes accounted for 31 percent of transactions in August and July.)

A comparison of year-over-year prices of closed sales by county shows wide variation for September, from a decline of almost 17 percent in Cowlitz County to an increase of nine percent in San Juan County. For the four-county Puget Sound region (King, Snohomish, Pierce and Kitsap counties), prices were down about 7.6 percent from twelve months ago. On a brighter note, Beeson said activity is brisk for lower priced homes in many areas. "Multiple offers are occurring on a regular basis and many buyers have to make two or three offers on different properties just to secure one," he reports.

Sparks echoed that report, saying, "Describing much of the current market as 'lively' is probably a bit of an understatement," adding, "I've heard agents describe open houses as 'mayhem' and 'chaos." Modestly priced homes in good condition and in popular neighborhoods can certainly draw more than one offer, according to Sparks, who also noted, "This is not to say that all neighborhoods and price points are rebounding at the same pace, but there is an awful lot of economic momentum in our region, including our housing market, that can't be ignored."

Emphasizing recovery comes in stages, Beeson acknowledged some "hard adjustments" are being made in higher priced homes where inventories remain high, but expects that segment to recover. He said the main focus of many agents is meeting the needs of the first-time buyers and those who have needs because of lifestyle changes due to advancing age, change in marital status, the birth of children or death of a family member. "These people always need help solving their real estate problems," he observed.

Northwest Multiple Listing Service, owned by its member brokers, is the largest full-service MLS in the Northwest. Its membership includes more than 24,000 brokers and agents. The organization, based in Kirkland, currently serves 19 counties in western and central Washington.

Best Regards!

Owner Will Finance: Own this 4,330 Square Foot Home on 5 Acres in Renton

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 09 Oct 2009 14:17:04 -0500

20623 SE 198th Street, Renton, WA, 98058

New Price: $775,000
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1989
MLS: FSBO31406

This beautiful four bedroom home sits on five acres of fenced land complete with mature landscaping, a large stand alone shop and a separate stable. The home has undergone $50,000 in renovations and benefits from a new roof as well as fresh paint and new flooring throughout. Boasting a kitchen with double ovens as well as a formal living room, family room, loft, den, recreation room and billiards room, this home provides functional space for every need.

For more information visit www.davidjedwards.com/31406.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=31406

Directions: SE Renton Maple Valley Rd/WA 169. Turn Right onto 196th Ave SE. Turn Left onto SE 192nd St. Turn Right onto 208th Ave SE. Turn Right onto SE 198th St. End at 20623.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Listed! Own this 5 bedroom home in Lakewood

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 07 Oct 2009 12:21:26 -0500

10922 Lundstrom Dr Southwest, Lakewood, WA, 98498

Price: $225,000
Bedrooms: 5
Bathrooms: 1.5
Year Built: 1973
Square Feet: 2600
Lot Size: 0.250 acres
MLS: 29140381

This Five Bedroom Home Sits On A Large Lot In A Well Maintained Neighborhood. It Has Been Updated With A Newer Roof, Fresh Paint, Vinyl Windows, Kitchen Cabinets & Counters, Hardwood Floors, And New Carpet Throughout! With 2600 Square Feet, An Attached Two Car Garage And Large Fenced Lot, This Home Offers All The Space You'll Ever Need. Come See For Yourself.

For more information visit:www.davidjedwards.com/36940.asp or Call 425/890/8045
Virtual Tour: http://www.flyinside.com/tour.php?id=36940

Driving Directions: I-5 South, take Exit 124. Right @ Gravelly Lk Dr. Slight Left, stay on Gravelly Lk Dr. Left @ Washington Blvd. Right @ Vernon Ave. Vernon Ave. becomes Butte Dr. Left @ 112th St. Right @ Lundstrom Dr.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Sold: Own this Remodeled 4 Bedroom Home in Lakewood

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 05 Oct 2009 16:18:25 -0500

9316 Maple Ave SW Lakewood, WA 98499

Closing Date: October 30th 2009
Sold Price: $185,000
Bedrooms: 4
Bathrooms: 1
Sq Footage: 1693
Year Built: 1950 (Updated Throughout in 2008)
MLS: 28182500

This home has been completely remodeled! It has a new roof and a large kitchen with dinette area that leads out to an expansive decking system and large private yard. The home has been completely updated throughout; boasting 4 beds, 1 bath and a fireplace.

For More Information Visit: http://www.davidjedwards.com/28182500.asp or call 425-890-8045
Virtual Tour: http://www.flyinside.com/tour.php?id=30115

This home is no longer available. However, if you would like to preview homes similiar to this, please contact me to arrange for a free buyer's consultation.

Best Regards!

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Just Reduced! Own This Remodeled Home with 5 Bedrooms and 3 Bathrooms in Kent

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 28 Sep 2009 12:47:52 -0500

10933 SE 235th St Kent WA 98031

Price: $299,000
Bedrooms: 5
Bathrooms: 3
Year Built: 1965
Square Feet: 2870
Lot Size: 8,556 Square Feet
MLS: 29083625

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Reduced! Own This Remodeled Home with 5 Bedrooms and 3 Bathrooms in Kent

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 28 Sep 2009 12:46:27 -0500

10933 SE 235th St Kent WA 98031

Price: $299,000
Bedrooms: 5
Bathrooms: 3
Year Built: 1965
Square Feet: 2870
Lot Size: 8,556 Square Feet
MLS: 29083625

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Listed! Expansive water views of the Puget Sound

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 25 Sep 2009 13:47:07 -0500

4609 N Vassault Street, Tacoma, WA, 98407

Price: $325,000
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1976
Square Feet: 2480
Lot Size: 7500
MLS: 29135185

This Home's Entry Leads You Through Airy And Open Rooms Flooded With Natural Light. You'll Love Gazing Out Your Windows At The Expansive Water Views Of The Puget Sound. The Master Bedroom Boasts An Attached Bath. There Are Three Additional Bedrooms And Two Additional Bathrooms Located Throughout The House. A Deck Runs The Entire Length Of The Back Of The House And Is A Perfect Spot For Quiet Relaxation And Entertaining.

For more information visit:www.davidjedwards.com/36706.asp or Call 425-890-8045
Virtual Tour: http://www.flyinside.com/tour.php?id=36706

Driving Directions: From I-5 South Merge on WA-16 W via EXIT 132 to GIG HARBOR. Take 6TH AVE exit 3, to WA-163 N/RUSTON. STRAIGHT onto BANTZ BLVD. RIGHT on N PEARL ST/WA-163 N. LEFT on N 46TH ST. RIGHT on N VASSAULT ST.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Selling Homes & Post Traumatic Stress Disorder

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 21 Sep 2009 13:47:04 -0500

A client just forwarded a note about post traumatic stress disorder and selling real estate. She said it made her laugh. I'm glad she was able to find some humor in the article because we have her house on the market right now.

"Today's market has created unprecedented levels of seller stress that mirror symptoms of post-traumatic stress disorder," says Dr. Peter Lambrou, chair of psychology at Scripps Memorial Hospital in La Jolla, Calif.

It's definitely more challenging to sell homes in today's market then it has been in prior years but listing with the correct list price, professional photography and an effective marketing campaign can overcome most of the obstacles presented by today's market conditions.

Realtors should keep an open line of communication with their clients. If sellers are feeling a bit overwhelmed by the stress factors associated with selling their home, they should try to focus on feedback from buyers and agents who previewed their home but didn't make an offer. They should address the issues with their home that they can control as the feedback comes in so that they are in a position to put their best foot forward for the next showing. If a seller is not getting any showings at all, it's probably an issue with the price, the quality of the photography or the effectiveness of the marketing campaign.

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Just Listed: Own This Classic Family Home With 3 Bedrooms and Two Bathrooms

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 18 Sep 2009 12:17:48 -0500

712 2nd Ave North, Kent, WA, 98032

Price: $225,000
Bedrooms: 3
Bathrooms: 2
Year Built: 1922
Square Feet: 1200
Lot Size: 5227
MLS: 29131047

This Classic Single Family Home Is Located In The Heart Of Downtown Kent With Easy Access To The Sounder Commuter Train, Showare Center & Kent Stations, Great Dining, Shopping And Entertainment. The Home Benefits From A Large, Flat Lot, An Open Floor Plan, Three Bedrooms, Two Full Bathrooms, Large Closets, Insulated Windows, Tile Counters, New Carpet And Fresh Paint. This Turn Key Home Is Ready For You To Move In Today. For more information visit: www.davidjedwards.com/36509.asp or Call 425/890/8045

Driving Directions: From 405, take SR-167 South, take 84th Ave. exit, turn left on 84th Ave. S. Keep straight on Central, right onto James, right onto 2nd Ave.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Listed: Investors! This property cashflows. Tenants are already in place!

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Thu, 17 Sep 2009 14:01:21 -0500

1619 106th Street South Tacoma WA 98444

Price: $160,000
Bedrooms: 3
Bathrooms: 2
Year Built: Built in 1976
Square Feet: 1360
Lot Size: .24 Acres
MLS: 98444

This is a great opportunity for an investor seeking a rental property. Pre-screened tenants are already in place which will provide immediate cash flow. The lease is up for renewal in May of 2010. The property has three bedrooms, two full bathrooms, an updated kitchen and dining room and a large family room. The house is located on a large, flat lot with ample space for off street parking. The backyard is fully fenced. The roof was recently replaced and the windows were upgraded to double pane insulated vinyl.

For More Information Visit: http://www.davidjedwards.com/36455.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=36455

Driving Directions: From I-5 South, Merge onto WA-512 E via EXIT 127 toward PUYALLUP. Take the STEELE ST. exit. Turn RIGHT onto STEELE ST S. Turn SLIGHT RIGHT onto SALES RD S. Turn LEFT onto 106TH ST S. 1619 106TH ST S is on the LEFT.

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Just Sold! Beautiful 4 bed 2.5 bath home in Covington

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Mon, 14 Sep 2009 16:37:01 -0500

24119 187th Ct SE, Covington, WA 98042

Closing Date: September 11, 2009
Listing Price: $279,000
Sold Price: $265,000
Bedrooms: 4
Bathrooms: 2.50
Year Built: 2007
Square Feet: 2960
MLS: 28186866

Beautiful 4 bed 2.5 bath home priced to sell. This home has easy access to Highway 18 & 169, close to parks, backs up to a green belt, and has a great floor plan with a bonus room. This home is a must see!

This home is no longer available. However, if you would like to preview homes similiar to this, please contact me to arrange for a free buyer's consultation.

Best Regards!

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.

Price Reduced! Own this 3 Bedroom 2 Bath Home In Roy WA

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Sat, 12 Sep 2009 16:05:24 -0500

312 James St North, Roy, WA, 98580

New Price: $140,000
Bedrooms: 3
Bathrooms: 2
Year Built: 2005
MLS: 29070489

This Well Maintained Home Boasts Three Bedrooms And A Large Functional Kitchen. The Backyard Has Been Fully Fenced. There Is A Large Two Car Garage With Room For A Shop Or Additional Storage. This Home Enjoys Close Proximity To Resturants, Parks, Schools And The East Gate Of Fort Lewis.
For more information: Call 425-890-8045.

For more information visit www.davidjedwards.com/34238.asp
Virtual Tour: http://www.flyinside.com/tour.php?id=34238

Directions: From 512 E, Take the WA-7/Pacific Ave. Exit to Prklnd/Span. R on WA-7/Pacific. R on WA-507/SM Hwy. R on Water St. W. R on Warren St. N. L on Cedar St. W. Cedar becomes James St. N. End

If you would like to preview this home, please contact me to arrange for a private showing.

Best Regards!

Northwest MLS brokers report brisk activity, multiple offers, "irrational delays" by lenders

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Fri, 11 Sep 2009 15:25:28 -0500

KIRKLAND, WA, September 4, 2009 -Pending sales around Western Washington during August jumped nearly 21 percent from a year ago and inventory dropped more than 18 percent, according to new figures from Northwest Multiple Listing Service. MLS member-brokers say those indicators, along with signs of stabilizing prices, set the stage for brisk activity in the next few months as first-time buyers try to take advantage of the Nov. 30 deadline for tax credits.

"The typical August cool down in the market did not happen this year," observed NWMLS director Kathy Estey, managing broker at John L. Scott's office in downtown Bellevue. She said agents are busy with both first-time and move-up buyers and they're reporting multiple offers on homes priced up to $700,000.

Brokers reported 7,539 pending sales (offers made and accepted but not yet closed) for August, up 20.7 percent from a year ago. That volume outgained July's total by 260 transactions.

In the four-county Puget Sound region, pending sales of single family homes and condominiums (combined) surged 25.7 percent from a year ago.

Within King County, pending sales activity improved 25.1 percent from a year ago, and was especially robust in the North King County area (up 38.7 percent) and on the Eastside (up nearly 36 percent). Excluding condos, two sub-areas of King County notched gains of more than 40 percent for pending sales of single family homes - Southeast King County (up 40.4 percent) and the Eastside (up 42.5 percent).

On the downside, Estey said many transactions are missing their closing date "for seemingly irrational reasons." Last minute demands from lenders are common and final underwriting reviews are causing delays, she noted, adding, "Inexperienced appraisers are gumming up the works as well." She urges first-time buyers who want to capture the $8,000 tax credit to plan ahead and allow for delays.

Another MLS director, Dick Beeson, the broker/owner of Windermere Commencement Associates in Tacoma, said stabilizing prices "bode well for the near term."

For the 19 counties in the Northwest MLS service area, the median price for single family homes and condominiums that sold and closed last month was $$275,945, down about 8.8 percent from the year ago sales price of $302,500. Since January, however, prices area-wide have edged up about 1.1 percent, with seven of the 19 counties notching increases.

Prices for single family homes (excluding condos) that sold throughout the NWMLS area are up about 3.3 percent since January, although down about 9.2 percent from twelve months ago. In the four-county Puget Sound region, the median sales price for single family homes that closed last month was $310,000, down about 11.4 percent from twelve months ago, but back up to match January's figure of $310,000.

Condo prices remain depressed. For last month's completed transactions, the median sales price was $235,000 off 5 percent from the year ago figure of $247,500. Compared to January's sales, condo prices have dropped about 6 percent

J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, expects strong activity in the coming months. "It's exciting to see that home sales continue to be brisk in the more affordable and mid price ranges," he remarked. "I anticipate that September will see a surge of sales activity because of the tax credit's impending deadline which, when combined with historically low interest rates and increased affordability, provides a rare opportunity for first time homebuyers," Scott stated.

Current house-hunters have fewer listings to consider than a year ago: 41,528 active listings at the end of August compared to 50,772 for same month a year ago, a decline of 18.2 percent. Prices on current offerings, which include single family homes and condominiums, range from $13,000 to $32 million.

Northwest MLS members added 10,132 new listings to inventory during August, nearly 1,300 fewer than twelve months ago. Inventory shrunk in 16 of the 19 NWMLS counties, with twelve counties reporting double-digit drops.

Lower listing inventory is one of the building blocks of a housing recovery, according to Ron Sparks, managing vice president of Coldwell Banker Bain. "With fewer homes for sale, better affordability and buyer incentives like the $8,000 first-time buyer tax credit, we are seeing supply and demand become much more balanced in many areas, and this will help support more stable prices," he explained.

Sparks also commented on the momentum reflected in last month's activity. "It's very good to see that the number of pending sales is still rising in most areas, especially when we might typically expect a seasonal slowdown in demand." He called the nearly 21 percent overall improvement in last month's pending sales "particularly impressive."

Open house traffic has been steady with high interest among first-time buyers being the driver, reports NWMLS director Beeson. Despite high interest, he said many potential buyers are still confused about how the tax credit program works.

On a cautionary note, Beeson expects a new round of bank owned properties to come on the market later this year and into next year. "This inventory will have to be absorbed over time and no one knows for sure just how this will influence prices," he acknowledged, adding, "The best guess is it will be negative, although we have experienced many foreclosures already on the market. . .with no appreciable drop in prices since the beginning of the year."

Summing up last month's activity, Sparks of CBB, said, "A healthy, balanced market is in everyone's best interest, and the August report tells us we're definitely getting closer."

Best Regards!

Open House: Own This Beautiful 4 Bedroom, 3.5 Bathroom Home in Renton

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Thu, 10 Sep 2009 12:21:13 -0500

Open 1-3 Friday Sept.11th and 12-3 Saturday Sept. 12th

15641 203rd Ave SE, Renton WA 98059

Price: $580,000
Bedrooms: 4
Bathrooms: 3.5
Year Built: 1999
Square Feet: 3350
Lot Size: .30 Acres
MLS: 29061139

If you would like to preview these two open houses, please contact me to arrange for a private showing.

Best Regards!

Just Sold! Spacious, 4 Bedroom, 2.25 Bathrooms Briarwood Rambler

David Edwards King County Real Estate (Keller Williams Realty Southeast Sound) — Wed, 09 Sep 2009 13:01:53 -0500

16911 SE 144th St, Renton WA 98059

Closing Date: August 25, 2009
Listing Price: $265,000
Sold Price: $265,000
Bedrooms: 4
Bathrooms: 2.25
Year Built: 1968
Square Feet: 1710
Lot Size: 17195
MLS: 29103258

Spacious Briarwood Rambler, 4 bedrooms, 2.25 bathrooms, large family room w/fireplace. Hardwood floors, new laminate floors in the family room and kitchen. Kitchen has new counters. Freshly painted interior, nice tile accents in bathrooms. Master with 3/4 bath. Lush greenery adds to the privacy. Deck for the summers bbq's. Huge 2 car attached garage w/room for a work area. Gas heat. Issaquah Schools(Buyer to Verify). Priced $75,000 below assessed value. Lots of off street parking. Dog run.

This home is no longer available. However, if you would like to preview homes similiar to this, please contact me to arrange for a free buyer's consultation.

Best Regards!

The David J Edwards Team specializes in Residential Real Estate for buyers and sellers.