Selling on the Olympic Peninsula

Beards Cove Lynch Cove January 2011

Mon, 07 Feb 2011 16:45:55 -0800

Lynch and Beards Cove

Market update for

January 2011

　

　

Currently there are 23 active homes for sale

Manufactured Homes/12 Stick Built Homes

Home listing prices range from $27,980-$249,000

The Average Listing price is $131,084

The average Price per square foot is $99.11

Currently the are 5 pending sales

The Average pending price is $134,633

There were 2 sold property in the month of January and the average sales price was $144,000

In conclusion the market area has a very high inventory level. 50% of the inventory is bank owned foreclosure properties and another 15% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Beards Cove / Lynch Cove call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Beards Cove Lynch Cove December Market Update

Wed, 05 Jan 2011 17:56:58 -0800

Lynch and Beards Cove

Market update for

December 2010

　

　

Currently there are 13 active homes for sale

Home listing prices range from $27,980-$249,000

The Average Listing price is $158,614

The average Price per square foot is $105.54

Currently the are 3 pending sales

The Average pending price is $134,633

There was 1 sold property in the month of December and the sales price was $125,000

In conclusion the market area has a very high inventory level. 25% of the inventory is bank owned foreclosure properties and another 15% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Beards Cove / Lynch Cove call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Twanoh Falls Community Market Update for December 2010

Wed, 05 Jan 2011 17:48:05 -0800

Twanoh Falls community

Market update for

December 2010

　

　

Currently there are 8 active homes for sale

Home listing prices range from $149,500-$364,999

The Average Listing price is $195,419

The average Price per square foot is $123.00

Currently the is 0 pending sales

There were 0 sold properties for the month of October

　

　

In conclusion the market area has a moderately high inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Twanoh Falls Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Trails End Community Market Update for DEC. 2010 Belfair, WA

Wed, 05 Jan 2011 17:44:08 -0800

Trails End Community

Market update for

December 2010

　

Currently there are 5 active homes for sale

Home listing prices range from $109,000-$249,000

The Average Listing price is $193,370

The average Price per square foot is $138.45

Currently the are 3 pending sales

The Average pending price is $165,000

There were 0 sold properties in the month of December

In conclusion the market area has a fairly low inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Trails End Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Trails End Community Market Update for October 2010 Belfair, WA

Wed, 17 Nov 2010 11:50:44 -0800

Trails End Community

Market update for

October 2010

　

Currently there are 5 active homes for sale

Home listing prices range from $90,000-$249,000

The Average Listing price is $164,770

The average Price per square foot is $124.12

Currently the are 2 pending sales

The Average pending price is $202,450

There were 2 sold properties for the month of October

The Average Sales price was $186,900

In conclusion the market area has a moderately high inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Trails End Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Twanoh Falls Community Market Update for October 2010

Wed, 17 Nov 2010 11:49:14 -0800

Twanoh Falls community

Market update for

October 2010

　

　

Currently there are 8 active homes for sale

Home listing prices range from $149,500-$199,000

The Average Listing price is $178,419

The average Price per square foot is $147.00

Currently the is 1 pending sales

There were 2 sold properties for the month of October

The average Sold price was $161,500

In conclusion the market area has a moderately high inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Twanoh Falls Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Beards Cove Lynch Cove October Market Update

Wed, 17 Nov 2010 11:47:24 -0800

Lynch and Beards Cove

Market update for

October 2010

　

　

Currently there are 16 active homes for sale

Home listing prices range from $100,900-$249,000

The Average Listing price is $167,866

The average Price per square foot is $130.54

Currently the are 4 pending sales

The Average pending price is $144,950

There was 1 sold property in the month of October and the sales price was $155,000

In conclusion the market area has a very high inventory level. 25% of the inventory is bank owned foreclosure properties and another 15% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Beards Cove / Lynch Cove call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

New Hud List for October 21nd 2010 Kitsap and Mason County

Thu, 21 Oct 2010 11:20:42 -0700

BELFAIR

	Case #	Property Address	Price	List Date	Bed/Bath	Bid Deadline	Priority
	561-872481 View Map	80 NE BURT CT BELFAIR MASON, WA 98528 View Property Details	$97,600 SIGNIFICANT PRICE REDUCTION	08/27/2010	3/1.75	Daily	ALL BIDDERS

BREMERTON

Case #	Property Address	Price	List Date	Bed/Bath	Bid Deadline	Priority
561-882390 View Map	1339 N LAFAYETTE AVE BREMERTON KITSAP, WA 98312 View Property Details	$90,000 PRICE REDUCTION	10/01/2010	2/1	Daily	ALL BIDDERS
561-871357 View Map	1643 CHARLESTON BEACH DR BREMERTON KITSAP, WA 98312 View Property Details	$108,000 PRICE REDUCTION	09/17/2010	2/1	Daily	ALL BIDDERS
561-846229 View Map	2312 FRANKLIN ST BREMERTON KITSAP, WA 98310 View Property Details	$120,000 SIGNIFICANT PRICE REDUCTION	09/03/2010	3/1	Daily	ALL BIDDERS

POULSBO

Case #	Property Address	Price	List Date	Bed/Bath	Bid Deadline	Priority
561-844200 View Map	22481 SUNRIDGE WAY NE POULSBO KITSAP, WA 98370 View Property Details	$90,000	09/10/2010	3/2	Daily	ALL BIDDERS
561-848672 View Map	2750 NE ROSALIE PL POULSBO KITSAP, WA 98370 View Property Details	$228,000	09/24/2010	3/2.5	Daily	ALL BIDDERS

SHELTON

Case #	Property Address	Price	List Date	Bed/Bath	Bid Deadline	Priority
561-828886 View Map	2074 W HIGHLAND SHELTON MASON, WA 98584 View Property Details	$64,000 SIGNIFICANT PRICE REDUCTION	09/24/2010	3/2	Daily	ALL BIDDERS
561-828838 View Map	2521 W ST RT 108 SHELTON MASON, WA 98584 View Property Details	$98,000 BEST OFFER	09/24/2010	3/2.5	Daily	ALL BIDDERS
561-852258 View Map	2293 SE COLE RD SHELTON MASON, WA 98584 View Property Details	$110,000	09/24/2010	3/1.5	Daily	ALL BIDDERS
561-854571 View Map	40 SE GLEN PL SHELTON MASON, WA 98584 View Property Details	$180,000	09/24/2010	4/2	Daily	ALL BIDDERS
561-865687 View Map	651 E FREDERICK DR SHELTON MASON, WA 98584 View Property Details	$205,000	09/24/2010	3/2.5	Daily	ALL BIDDERS

SUQUAMISH

	Case #	Property Address	Price	List Date	Bed/Bath	Bid Deadline	Priority
	561-834123 View Map	18700 BROCKTON AVE NE SUQUAMISH KITSAP, WA 98392 View Property Details	$90,000	09/10/2010	1/1	Daily	ALL BIDDERS

For More information contact Michelle Roethle at 360-649-1195 or visit me on the web at www.MichellesRealEstate.com

Trails End Community Market Update for Sept. 2010 Belfair, WA

Wed, 20 Oct 2010 11:25:58 -0700

Trails End Community

Market update for

September 2010

Currently there are 7 active homes for sale

Home listing prices range from $90,000-$375,000

The Average Listing price is $206,614

The average Price per square foot is $112.79

　Currently the are 3 pending sales

The Average pending price is $192,000

There were 0 sold properties for the month of September

In conclusion the market area has a moderately high inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Trails End Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Mason county tax assesments

Wed, 20 Oct 2010 11:24:01 -0700

Mason County has just sent out the new Tax Assesments for 2010. Should you raise a listing price to account for the higher value? This is the question almost all of my current sellers are asking. The answer "NO". The assesment goes back in time about 4 years, we have to take into account that it is all relative in terms of time. Homeowners will always be paying taxes on a home based on a previous market value.

Todays market value is The market value ( the price of which a buyer is willing to pay). A tax assesed value does not place a list price on a home. If we consider the 04-07 market, people were paying above the tax assesed value of a home and today buyers are paying at or below.

It is alarming to many homeowners to see such a hike in taxes for this upcoming year, especially in a down market.

In conclusion the market sets the current value for a home and not the county assesor's office!

To learn more or to get a Free Market Analysis on your home to learn it's current market value call me today at 360-649-1195 or visit me at www.MichellesRealEstate.com

Twanoh Falls Community Market Update for Sept 2010

Wed, 20 Oct 2010 11:22:10 -0700

Twanoh Falls community

Market update for

September 2010

　

　

Currently there are 12 active homes for sale

Home listing prices range from $149,500-$240,000

The Average Listing price is $188,988

The average Price per square foot is $138.68

Currently the are 0 pending sales

There were 2 sold properties for the month of September

The average Sold price was $82,000

In conclusion the market area has a moderately high inventory level. 10% of the inventory is bank owned foreclosure properties and another 10% are short sale properties.

To find out more or to receive a free market analysis on your property located in or around Trails End Community

call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

Lynch Cove/ Beards Cove Market Update

Fri, 15 Oct 2010 14:02:43 -0700

Lynch and Beards Cove

Market update for

September 2010

　
Currently there are 18 active listings

List prices range from $27,980-$249,000

The Median list price is $153,000

The average Price per square foot is $117.66

Currently the are 3 pending sales

The median pending price is $182,475

There was 1 sold property in the month of September and it sold for $74,000

In conclusion the this market area has very high inventory levels. 25% of the inventory is a bank owned foreclosure property and another 15% are short sale properties.

To find out more or to receive a market analysis on your property located in or around beards cove/lynch cove call me today!

Michelle Roethle

360-649-1195

www.MichellesRealEstate.com

North Shore, Hood Canal Waterfront Prices

Thu, 09 Sep 2010 18:46:17 -0700

We have had a rough year with waterfront sales on the North Shore of Hood Canal this year. According to my findings we have had 3 solds January 1 to current. Right now there are 18 active homes ranging from $238,000 all of the way up to the mid $800,000 mark. Also we have 3 pending sales that we hope will bring our yearly total to 5.

All around values are down and this is just fact, but its a great time for buyers. If you are looking to get more market information or are interested in buying or selling a home in the Belfair, Tahuya area or beyond call me or visit at www.michellesrealestate.com .

Did you ever wonder what your agent really does for you???

Sat, 14 Aug 2010 12:42:39 -0700

You might assume that your agent's job is to help find a buyer for your home. But that's only one facet of my job. There are many other tasks that I perform on your behalf.

I will:

Explain basic real estate principles

The process of selling a home
Agency relationships
The purchase and sale agreement

Research your home's value

Provide you with a comprehensive Comparative Market Analysis (CMA)
Assist you in determining a price that will provide you with the highest return in the shortest period of time

Market your property

Assist you in preparing your home for a good first impression
Market your home to buyers and other agents working with buyers who are looking for homes in your price range
Keep you up-to-date on current market activity so you can make informed decisions

Negotiate the purchase

Assist you in working through the purchase and sale agreement
Negotiate with the buyer and buyer's agent on your behalf
Track contingencies and make certain contract deadlines are met
Help close the transaction
Work with the escrow company to ensure all the documents needed are in order and are completed in a timely manner

If you are selling a home in Mason or Kitsap County give me a call to discuss ways that we can overcome a tough sale. Visit me at www.MichellesRealEstate.com or call me at 360-649-1195

Kitsap Peninsula REO's

Wed, 30 Dec 2009 11:03:04 -0800

To date Reo's still make up about 70% of the inventory in our area. I have put together a website www.FreeNorthWestREO.com. It contains exclusive REO listings as well as HUD (Government Owned) homes. It is worth stopping by this easy to navigate site if you are looking for bank or government owned homes. I hope to see you there!

Kitsap Peninsula Foreclosure Information

Wed, 23 Dec 2009 12:52:21 -0800

I would like to invite you to visit my updated website with exclusive forclosure listings for the Kitsap Peninsula and surrounding area's including Belfair, Allyn, LakeLand Village and Key Peninsula and Gig Harbor as well. Here you will find only the most up to date listings in an easy to search format. I hope that you stop by and take a look. www.FreeNorthWestREO.com

What is the Foreclosure Process? From HUD.

Tue, 27 Oct 2009 23:31:34 -0700

Foreclosure processes are different in every state. If you are worried about making your mortgage payments, then you should learn about your state's foreclosure laws and processes. Differences among states range from the notices that must be posted or mailed, redemption periods, and the scheduling and notices issued regarding the auctioning of the property. However, a general understanding of what to expect can be found on our Foreclosure Timeline.

In general, mortgage companies start foreclosure processes about 3-6 months after the first missed mortgage payment. Late fees are charged after 10-15 days, however most mortgage companies recognize that homeowners may be facing short-term financial hardships. It is extremely important you stay in contact with your lender within the first month after missing a payment.

After 30 days, the borrower is in default, and the foreclosure processes begin to accelerate. If you do not call the bank and ignore the calls of your lender, then the foreclosure process will begin much earlier. At any time during the process, talk to your lender or a housing counselor about the different alternatives and solutions that may exist.

Three types of foreclosures may be initiated at this time: judicial, power of sale, and strict foreclosure. All types of foreclosure require public notices to be issued and all parties to be notified regarding the proceedings. Once properties are sold through an auction, families have a small amount of time to find a new place to live and move out before the sheriff issues an eviction.

Judicial Foreclosure. All states allow this type of foreclosure, and some require it. The lender files suit with the judicial system, and the borrower will receive a note in the mail demanding payment. The borrower then has only 30 days to respond with a payment in order to avoid foreclosure. If a payment is not made after a certain time period, the mortgaged property then is sold through an auction to the highest bidder, carried out by a local court or sheriff's office.

Power of Sale. This type of foreclosure, also known as statutory foreclosure, is allowed by many states if the mortgage includes a power of sale clause. After a homeowner has defaulted on mortgage payments, the lender sends out notices demanding payments. Once an established waiting period has passed, the mortgage company rather than local courts or sheriff's office carries out a public auction. Non-judicial foreclosure auctions are often more expedient, though they may be subject to judicial review to ensure the legality of the proceedings.

Strict Foreclosure. A small number of states allow this type of foreclosure. In strict foreclosure proceedings, the lender files a lawsuit on homeowner that has defaulted. If the borrower cannot pay the mortgage within a specific timeline ordered by the court, the property goes directly back to the mortgage holder. Generally, strict foreclosures take place only when the debt amount is greater than the value of the property.

Content current as of 30 September 2008

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	U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you

Kitsap County Foreclosure Update

Tue, 22 Sep 2009 23:52:13 -0700

This is an update for Kitsap County, Washington bank owned Foreclosures.

Active Listings as of September 22nd 2009 are 94. These homes can be a great deal and with the tax credit ending soon you can't afford to not visit www.FreeNorthWestREO and get free exclusive Western Washington foreclosure listings.

See you there!

Foreclosure update Sept. 22nd 2009

Tue, 22 Sep 2009 23:41:21 -0700

Just a quick update for the foreclosure count today in Mason County, Washington sits at 37 active listings.

You can view these listing and other for 5 counties at www.FreeNorthWestREO.com .

Hope you can stop by and view the latest foreclosure information exclusive to Western Washington.

Short Sale Stats for Kitsap Peninsula and Surrounding areas

Wed, 09 Sep 2009 23:03:14 -0700

I am announcing this as the first of many stats to come, on Short Sales and Foreclosures for the Peninsula and Surrounding area's.

Short Sale Listings as of today:

Mason County 40

Gig Harbor and Surrounding area's 70

Kitsap County 148

If you or someone you know needs more information on buying or selling short sales, call me today to discuss your options for this unique sales transaction.

Visit my website for a list of homes that are a great value.

www.FreeNorthWestREO.com

A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for. Short sales are a way for homeowners to avoid foreclosure on their homes and still be able to pay off their loan by settling with lender.

What is a HUD home and Who can buy one?

Mon, 09 Mar 2009 15:27:59 -0700

A HUD home is a 1 to 4 unit residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim.

Who can buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.

If you are an evacuee displaced by Hurricane Katrina, Rita or Wilma, HUD could sell a HUD home at a discount to you!

How are HUD Homes sold?
All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD. Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker's commission, if included in the contract.

Are there any special programs?
Properties in designated areas are available at a reduced sales price to law enforcement officers, teachers, firefighters, emergency medical technicians, nonprofits and local governments. Read more about these Good Neighbor Initiatives.

Should I get a home inspection?
We encourage you to get an inspection after your offer is accepted. All HUD Homes are sold AS-IS, without warranty. HUD will not make repairs nor pay to correct any problems.

What about financing?
Although HUD does not offer financing directly, some of our homes qualify for FHA-insured loans. Shop around for a lender to find the best loan terms. Find out how an FHA loan can help you.

Free Foreclosure Website for Western Washington

Fri, 06 Mar 2009 21:30:17 -0800

Dinah Griffey and I have put together a great user friendly REO website. It is free to use and search for any Foreclosure in your area. We have also included a list of Government Owned Homes ( HUD ). We are registered agents to sell and show HUD homes. Call us today if you are interested in any of the information found on our Web Site at www.FreeNorthWestREO.com

Hopeless Homeowner

Mon, 23 Feb 2009 00:43:31 -0800

This weekend my business partner Dinah Griffey and I went to a listing appointment for yet another short-sale. The woman had gone to Iraq and came home to find out that her significant other did not pay the bills while she was gone. Well they are now in Pre-Foreclosure and I am not completely sure how far lost they are but she was just so lost.

They really did not know what to do or who to contact. I think that she saw us as a blessing and just used our expertise in Short-Sales to sooth her weary soul. It is too bad that they didn't call someone months ago because now the clock is really ticking. But we priced it to sell and 2 days later we already have a showing. I called to tell them and they were literally in shock and thanked us for a miracle. I can't promise it will sell tomorrow but I think that we contracted with them just in time.

Wish us luck!

I want a Badge!!! How do I get one?

Mon, 23 Feb 2009 00:37:22 -0800

OK, so I see that everyone of my close collegues have this Rain Maker badge. Please tell me how I can get one, it hardley seems fair that they have it and I do not!! :-) Just kidding but I would like to know and their blog comments also appear different than my own.

Documents you need to process a Short Sale

Mon, 23 Feb 2009 00:12:44 -0800

The documentation you'll need to accomplish a short sale. Non-foreclosure alternatives.

While many lenders will have varying requirements and may demand that a borrower submit different types of documentation, the following should be treated as a guideline of what is required in a pursuing a short sale.

Contact your lender immediately

You need to make the effort to find the right person responsible for handling a potential short sale. You want to talk to person in charge of loss mitigation for the lender, you want a supervisor's name, the name of the individual capable of making these kinds of decisions.

Submit a letter of authorization

Your lenders will not want to disclose any of your personal information without written authorization to do so. If you are working with a real estate agent, closing agent, title company or lawyer, you will receive better cooperation if you write a letter to the lender giving the lender permission to talk with those specific interested parties about your loan. You should include the following information: name, address, loan number, third party agents involved and contact information on both the agents and yourself.

Preliminary estimate of your lenders proceeds

A preliminary HUD-1 settlement statement that indicates the sales price you are under contract for and all the costs of sale, unpaid loan balances, outstanding payments due and late fees, including real estate commissions, if any. Your third party agent (realtor, title company or lawyer) should be able to prepare this for you. The bottom line should not indicate any net proceed to the seller.

Your circumstances, in the form of a hardship letter

A complete description of the facts that brought you to financially challenging situation and why you have a valid reason for the lender to accept less than full payment. Lenders can understand many circumstances are unavoidable, loss of job, death, divorce, etc., but they are not very compassionate to situations involving dishonesty, misrepresentation or criminal (or criminally negligent) behavior.

A complete financial statement

Be truthful about your current financial situation and disclose your assets and liabilities. Provide information on savings accounts, money market accounts, stocks or bonds, cash, real estate or anything of tangible value. Your lender will need to be assured that you cannot pay back any shortfall in the short sale transaction.

Proof of valuation

Many homeowners caught by the current downturn of the real estate market have lost significant equity in their home. This should be part and parcel as to why you cannot sell your home for enough to pay off the existing lien. You need to substantiate this value to the lender through a proof of valuation. In declining value to the lender you could present a fully completed appraisal, a comparative market analysis (CMA) or a broker's opinion of value.

Your purchase agreement and listing agreement

The lender should want a copy of the executed offer, along with a copy of your listing agreement. Be prepared for the lender to renegotiate commissions and to refuse to allow payment of certain items such as home protection plans or seller concessions inspections.

If your package is complete, the facts are accurate and the circumstances speak for themselves, the lender will approve your short sale. Within the ongoing communications and negotiations, you should ask that the lender not report any adverse credit references to the credit reporting agencies, although they would be under no obligation to accommodate this request.

Visit us at www.TheNortWestLife.com for more information