Phil's Blog

Totally Remodeled Home For Sale in Lacey, WA (1309 Dogwood St SE Lacey, WA 98503)

Phil Sharp (Abbey RE inc.) — Mon, 09 Nov 2009 15:06:04 -0600

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Description and Features

Beautifully remodeled home from top to bottom; new hardi siding, windows, electrical, insulation, plumbing, millwork and cabinetry. Living room opens up to a huge kitchen featuring granite countertops, stainless appliances, and cherry cabinets. Master bedroom is separate from other bedrooms and includes an attached master bath with a walk in closet, jetted soaking tub, a stand alone shower, and a vessel sink. Backyard is very spacious and includes a storage shed. Like new, warranty included.

Bedrooms:	3
Bathrooms:	2
Square Feet:	1248
Lot Size:	.252
Year Built:	1959
Floors:	1
MLS #:	29154961

Location

Click to view map: 1309 Dogwood St SE Lacey WA 98503

Links

Home For Sale in Spanaway, WA; 106 178th St Ct E

Phil Sharp (Abbey RE inc.) — Mon, 12 Oct 2009 16:27:48 -0500

PHOTO GALLERY

DESCRIPTION AND FEATURES

Like new 3 bedroom, 2.5 bath home minutes to I-5 and the military bases. This home features two full baths up, and a guest bath down. Large open concept floor plan with kitchen and dining overlooking the living room with fireplace. All appliances convey with home. Seller to replace carpets or credit buyer for carpet replacement. Vacant and move in ready.

Bedrooms:	3
Bathrooms:	2.5
Parking Spaces:	2
Square Feet:	1734
Year Built:	2006
Floors:	2
MLS #:	29140940

LOCATION

Click to view map: 106 178th St Ct E Spanaway WA 98387

LINKS

Click Here for More Info

Home for Sale in Tanglewidle, Olympia WA, Hawks Prairie Area

Phil Sharp (Abbey RE inc.) — Thu, 09 Jul 2009 15:48:08 -0500

CLICK TO VIEW LISTING WEBSITE

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Description and Features

Want close to I-5 and Fort Lewis, this is it! This well maintained 3 bed, 1.75 bath home is located in the Hawks Prairie area, off of Meridian Rd. The home features new paint and floor coverings, large LR with fireplace, country porch in front & 10x20 deck in back. Tasteful landscaping, and a huge fenced back yard will make this home perfect for all of your pet and gardening aspirations. Free home warranty!

Bedrooms:	3
Bathrooms:	1.5
Parking Spaces:	2
Square Feet:	1160
Lot Size:	.260
Year Built:	1983
Floors:	1
MLS #:	29097388

Location

Click to view map: 9233 Quinault Drive NE Olympia WA 98516

Links

Great Home for sale in the Hawks Prairie Area of Olympia, WA; Thurston County

Phil Sharp (Abbey RE inc.) — Mon, 06 Jul 2009 17:55:41 -0500

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Description and Features

The perfect starter home or investment on large lot in Hawks Prairie. This home is conveniently located minutes from I-5, 15 min to Dupont. Home features 3 beds, 1 full bath and recently updated kitchen. Tasteful custom colors, bamboo floors, and included appliances make this home turn-key. Located on a quiet cul-de-sac next to the Lacey Sports Complex. Free home buyers warranty!

Bedrooms:	3
Bathrooms:	1
Square Feet:	1352
Lot Size:	.200
Year Built:	1969
Floors:	1
MLS #:	29094120

Location

Click to view map: 907 Gregory Way SE Olympia WA 98513

Links

Listing Website

Like New Home For Sale in Tacoma, WA; Summit Waller Area

Phil Sharp (Abbey RE inc.) — Wed, 01 Jul 2009 17:28:27 -0500

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Description and Features

Wonderful like new home in the Fredrickson area, convenient to bases and I-5; this home features 3 large bedrooms, 2.5 baths, with large kitchen bar overlooking dining and living area with gas fire place. Located on a .34 acre lot with immaculate landscaping, this home is in a neighborhood with 1 in 5 zoning, no new const; perfect for first time buyer or investor. All window treatments stay with home, all appliances stay. Free home warranty! Minutes to I-5 off of hwy 512, 15 min to bases.

Bedrooms:	3
Bathrooms:	2
Parking Spaces:	2
Square Feet:	1464
Lot Size:	.340
Year Built:	1997
Floors:	1
MLS #:	29093367

Location

Click to view map: 10910 40th Ave E Tacoma WA 98446

Links

7633 Rushmore Way NE Lacey, WA 98513

Phil Sharp (Abbey RE inc.) — Fri, 19 Jun 2009 17:31:11 -0500

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Description and Features

Wonderful like new home in Edgewater; this home features 3 large bedrooms, 2.5 baths, with large kitchen bar overlooking dining and living area with gas fire place. Located on a large corner lot with immaculate landscaping, this home sits across from the community playground on a one way cul-de-sac; perfect for first time buyer or investor. All window treatments stay with home, seller reserves fridge. Free home warranty! Minutes to I-5 at Hawks Prairie, 15 min to DuPont and bases.

Bedrooms:	3
Bathrooms:	2.5
Parking Spaces:	2
Square Feet:	1497
Year Built:	2006
Floors:	2
MLS #:	29087624

Location

Click to view map: 7633 Rushmore Way NE Lacey WA 98516

Links

6525 Lazy Lane SW Tumwater, WA 98512

Phil Sharp (Abbey RE inc.) — Tue, 16 Jun 2009 18:38:35 -0500

CLICK TO VIEW LISTING WEBSITE

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Description and Features

5.7 acre private park in Tumwater? This fantastic home is located at the end of a private drive in Tumwater, with a huge well maintained yard, fruit trees, and outbuildings. Interior features include 3 fireplaces, double French doors onto patio, and sky lights everywhere; check out the second kitchen, bath and private access to the lower level when you visit. Nature lovers will be thrilled with the woodlands and abundant wildlife just out the back door. FREE AHS Home Warranty!

Bedrooms:	3
Bathrooms:	2.5
Parking Spaces:	1
Square Feet:	2236
Lot Size:	5.720
Year Built:	1967
Floors:	2
MLS #:	29080193

Location

Click to view map: 6525 Lazy Lane SW Tumwater WA 98512

Links

1321 Clover Loop SE Olympia, WA 98513

Phil Sharp (Abbey RE inc.) — Fri, 15 May 2009 17:06:14 -0500

CLICK TO VIEW LISTING WEBSITE

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Description and Features

Immaculate home located on quiet cul-de-sac street. This home features new roof and windows, floor coverings, millwork and other upgraded interior finishes. Visit and check out the huge master bed/bath, and large (1/4 acre) fully fenced yard backing onto greenbelt and pasture land. Like new appliances and high efficiency wood stove mean $ savings; 15 minutes to Ft. Lewis, 5 min to I5. Free home warranty.

Bedrooms:	3
Bathrooms:	2
Parking Spaces:	2
Square Feet:	1072
Lot Size:	.230
Year Built:	1985
Floors:	1
MLS #:	29065449

Location

Click to view map: 1321 Clover Loop SE Olympia WA 98513

Links

Thurston County Real Estate Market Trends; From Phil Sharp

Phil Sharp (Abbey RE inc.) — Fri, 13 Mar 2009 18:18:07 -0500

THURSTON COUNTY

For The Period of February 1-28 2009

	Feb 1 -	Jan	New		New
Active	Feb 28	2009	Const	Resale	Const %
Thurston County	1536	1522	448	1088	29%
Lacey	175	177	66	109	38%
Hawks Prairie	290	298	112	178	39%
Olympia	307	285	61	246	20%
Tumwater	168	153	84	84	5%
Yelm	294	299	84	210	29%

Pending	Feb 1 -	Jan	YTD	YTD
Sales	Feb 28	2009	2009	2008	% Change
Thurston County	277	289	566	573	-2%
Lacey	47	49	96	110	-13%
Hawks Prairie	64	63	127	105	22%
Olympia	38	63	101	106	-5%
Tumwater	21	29	50	59	-16%
Yelm	46	37	83	106	-22%

	Feb 1 -	Jan	YTD	YTD
Sold	Feb 28	2009	2009	2008	% Change
Thurston County	145	174	319	381	-17%
Lacey	15	29	44	77	-43%
Hawks Prairie	39	30	99	85	1.16%
Olympia	30	37	67	61	1.09%
Tumwater	16	11	27	46	-42%
Yelm	20	31	51	61	-17%

	Average Time On	Average Time On
Area	Market YTD 09	Market YTD 08
Thurston County	124	110
Lacey	131	113
Hawks Prairie	149.5	205
Olympia	105	96.8
Tumwater	181	116
Yelm	77	84

	Average Home Sale	Average Home Sale
Area	Price Feb 09	Price Feb 08
Thurston County	$270,316	$290,097
Lacey	$225,920	$246,130
Hawks Prairie	$296,767	$331,735
Olympia	$287,649	$302,231
Tumwater	$326,027	$339,405
Yelm	$222,733	$242,835

	Median Home Sale	Median Home Sale
Area	Price Feb 09	Price Feb 08
Thurston County	$259,600	$260,000
Lacey	$225,000	$249,900
Hawks Prairie	$273,000	$330,120
Olympia	$292,617	$266,225
Tumwater	$324,500	$308,795
Yelm	$223,678	$215,758

•· Data prepared by Phil Sharp, provided by NWMLS

MARKET SNAPSHOT: To receive an email report on the value of your home and other homes in your neighborhood, recent sales and sales statistics.....CLICK> Custom Market Snapshot

IF YOU WOULD LIKE DETAILED INFORMATION ABOUT A SPECIFIC PROPERTY TYPE OR NEIGHBORHOOD, PLEASE CALL ME AT (360) 970-9977 or Email.

Thurston County Real Estate Market Trends and Foreclosures; From Phil Sharp

Phil Sharp (Abbey RE inc.) — Mon, 16 Feb 2009 18:51:29 -0600

I have included new foreclosure listings and price reductions that would normally be part of the foreclosure newsletter in place of top 10's. We are still seeing a great deal of activity in the market. Well priced listings, especially REO's and Short Sales, are experiancing somewhat of a sellers market; good deals are bringing multiple offers and escalation clauses, something we haven't seen for quite a while. I am sure that low interest rates, coupled with realistic pricing are what is driving this activity. There are of course over priced homes still languishing on the market, but those who are priced right are making sales. When the time is right, and you are ready to start looking for spring deals, let me know. Shoot me an email and I will send you all of the distressed properties that we are currently tracking.

New Short Sales & Price Reductions:

Olympia, Lacey & Tumwater: View Listings Yelm, Rochester & Tenino: View Listings

New Bank Owned Homes & Price Reductions:

Olympia, Lacey & Tumwater: View Listings Yelm, Rochester & Tenino: View Listings

THURSTON COUNTY

For The Period of January 1-31 2009

	*Jan 1 -*	*Dec*	*New*		*New*
*Active*	*Jan 31*	*2008*	*Const*	*Resale*	*Const %*
Thurston County	1522	1591	440	1082	.29%
Lacey	177	198	65	112	.37%
Hawks Prairie	298	316	114	184	.38%
Olympia	285	287	57	228	.02%
Tumwater	153	165	78	75	.51%
Yelm	299	287	82	217	.27%

*Pending*	*Jan 1 -*	*Dec*	*YTD*	*YTD*
*Sales*	*Jan 31*	*2008*	*2009*	*2008*	*% Change*
Thurston County	289	214	289	257	1.12%
Lacey	49	41	49	55	-.11%
Hawks Prairie	63	39	63	48	1.31%
Olympia	63	44	63	48	1.31%
Tumwater	29	14	29	22	1.32%
Yelm	37	39	37	40	-.07%

	*Jan 1 -*	*Dec*	*YTD*	*YTD*
*Sold*	*Jan 31*	*2008*	*2009*	*2008*	*% Change*
Thurston County	174	170	174	166	1.05%
Lacey	29	28	29	30	-.03%
Hawks Prairie	30	22	30	65	-.54%
Olympia	37	37	37	26	1.42%
Tumwater	11	17	11	19	-.42%
Yelm	31	36	31	26	1.19%

	*Average Time On*	*Average Time On*
*Area*	*Market YTD 09*	*Market YTD 08*
Thurston County	123	100
Lacey	151	82
Hawks Prairie	129	83.5
Olympia	114.4	106.2
Tumwater	212	125
Yelm	66	92

·Data prepared by Phil Sharp, provided by NWMLS

MARKET SNAPSHOT: To receive an email report on the value of your home and other homes in your neighborhood, recent sales and sales statistics.....CLICK> Custom Market Snapshot

IF YOU WOULD LIKE DETAILED INFORMATION ABOUT A SPECIFIC PROPERTY TYPE OR NEIGHBORHOOD, PLEASE CALL ME AT (360) 970-9977 or Email.

5129 222nd Ave SW Centralia, WA 98531

Phil Sharp (Abbey RE inc.) — Thu, 12 Feb 2009 18:45:32 -0600

CLICK TO VIEW LISTING WEBSITE

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Description and Features

Private and accessible; This 5 acre parcel is all ready to go for your custom home. Long Private drive leads into a perfect home site, with large area for yard, shop or garden. Seller has prelim septic approval, water and power agreement with neighbor.

This is your opportunity to own 5 flat dry acres, and the seller is willing to carry a short term contract with acceptable down payment and credit verification.

Ask agent for terms.

MLS #:

28188955

Location

Click to view map: 5129 222 Ave SW Centralia WA 98531

Links

3911 Crestwood Lane SW Olympia, WA 98502

Phil Sharp (Abbey RE inc.) — Thu, 12 Feb 2009 17:50:13 -0600

CLICK TO VIEW LISTING WEBSITE

Description and Features

Beautiful 2006 townhouse in desirable West Olympia. The house includes hardwood floors and tile countertops in the kitchen and wall to wall carpet throughout the rest of the home. Soaking tub in master bathroom. Fireplace in great room. Open concept. Very private on dead end street that backs to greenbelt. Great community with trails.

Bedrooms:	3
Bathrooms:	2.5
Parking Spaces:	2
Square Feet:	1602
Lot Size:	3894
Year Built:	2006
Floors:	2
MLS #:	28142063

Location

Click to view map: 3911 Crestwood Ln NW Olympia WA 98502

Links

Beautful Custom Home in Nisqually Bluff Located in Lacey/Olympia WA

Phil Sharp (Abbey RE inc.) — Thu, 05 Feb 2009 17:21:06 -0600

CLICK TO VIEW LISTING WEBSITE

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Description and Features

Like new custom rambler in Nisqually Bluff an MC Construction home; located on 1/3 of an acre and backing onto greenbelt, this home features a private fenced yard, large covered patio w/sep patio off master, and RV space. Open floor plan w/ many upgrades including red birch cabinets and hardwood floors, granite counters, 10’ sculpted ceilings, formal entry, office, and potential bonus room above garage. King sized master w/5 pc master bath including European sauna and whirlpool tub with Flat Panel TV above tub, large walk-in closet adjacent, and private patio access. Stainless steel appliances, custom lighting and windows, and a gas/heat pump hybrid are just a few of the amenities that this home offers. Free home warranty with purchase.

Bedrooms:	3
Bathrooms:	2
Parking Spaces:	2
Square Feet:	1854
Lot Size:	.340
Year Built:	2005
Floors:	1
MLS #:	29018238

Location

Click to view map: 721 Torden Lane SE Olympia WA 98513

Links

Foreclosure Market Newsletter and Listings From Phil Sharp

Phil Sharp (Abbey RE inc.) — Wed, 21 Jan 2009 15:55:43 -0600

Short Sales & Bank Owned :

Olympia, Lacey, Tumwater View Listings

Yelm, Tenino, Rochester View Listings

Nationwide Agent Network

January 2009 Vol 3 Issue 3

Download PDF File

6 month National Foreclosure Trends

NOD

NTS

NFS

LIS

REO

Search for Investment Properties>

FORECLOSURE ACTIVITY INCREASES 81 PERCENT IN 2008

A total of 3,157,806 foreclosure filings" default notices, auction sale notices and bank repossessions" were reported on 2,330,483 U.S. properties during 2008, an 81 percent increase in total properties from 2007 and a 225 percent increase in total properties from 2006, according to the RealtyTrac U.S. Foreclosure Market Report. The report also shows that 1.84 percent of all U.S. housing units (one in 54) received at least one foreclosure filing during the year, up from 1.03 percent in 2007. Foreclosure filings were reported on 303,410 U.S. properties in December, up 17 percent from the previous month and up nearly 41 percent from December 2007. Complete Story

New Ultimatum Hits Lenders: Buy Loans or Foreclose

By Peter G. Miller

It was in early October when Bank of America said it would modify 400,000 mortgages originated during past few years by its newly acquired Countrywide subsidiary. Between interest-rate cuts and principal reductions borrowers would save $8.4 billion. That's just great, says William Frey, but there's one problem: Bank of America wants to change the terms of a lot of loans it doesn't own. To be specific, it wants to change the terms of mortgages owned by Frey. Complete Story

Here are some of the most recent Investment opportunities in the area.

Bank-Owned

Greenbriar St SE
Olympia,
WA 98503

Market Value
Default Amount
$208,000
N/A
Beds/Bath
Sq. FT
0/0
0

Property Type	Address	Market Value	Default	Sq. Ft.
Auction Auction Date: 4/17/09	22nd Ave SE, Lacey, WA 98503	$208,000	N/A	1,372	GET DETAILS

View more properties in Thurston County

Which Remodeling Projects Pay Off?

Anyone planning to buy or invest in a foreclosure property should budget for the basic cosmetic repairs" a fresh coat of paint, new carpet and maybe some simple touches like new light fixtures. But many foreclosure buyers and investors need to go far beyond the basic repairs to transform the property into a profitable investment" while spending as little as possible to do so. A new survey from Lowes^TM home improvement chain shows which remodeling projects cost the least and which add the most value to a home. Complete Story

Foreclosure Trends : November, 2008

National	Washington	Thurston CTY
NODs	44,825	105	1
NTSs	85,487	2,457	74
NFSs	27,860	0	0
LISs	63,112	0	0
REOs	90,727	1,283	52

Notice of Default (NOD) A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD

Lis Penden (LIS) Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS

Auction / Notice of Trustee's Sale (NTS) A filing by notice announcing a public auction. More about NTS

Notice (Judgment) of Foreclosure Sale (NFS) An order signed by a judge directing to sell the property at public auction. More about NFS

Real Estate Owned (REO) The final step in foreclosure process in which property ownership returns to lender. More about REOs

5.72 Acre Home For Sale in Tumwater, WA

Phil Sharp (Abbey RE inc.) — Mon, 19 Jan 2009 19:13:39 -0600

CLICK TO VIEW LISTING WEBSITE

Photo Gallery

View More Photos

Description and Features

5.7 acre private park in Tumwater? This fantastic home is located at the end of a private drive in Tumwater, with a huge well maintained yard, fruit trees, & outbuildings. Interior features include 3 fireplaces, double French doors onto patio, & sky lights everywhere; check out the 2nd kitchen, bath & private access to lower level when you visit. Nature lovers will be thrilled with the woodlands & abundant wildlife just out the back door. Seller will pay $7500 towards closing costs/pre-paid prop taxes. Free AHS home warranty!

Bedrooms:	3
Bathrooms:	2.5
Parking Spaces:	1
Square Feet:	2236
Lot Size:	5.720
Year Built:	1967
Floors:	1
MLS #:	29006570

Location

Click to view map: 6525 Lazy St SW Olympia WA 98512

Links

Thurston County Real Estate Market Trends

Phil Sharp (Abbey RE inc.) — Thu, 11 Dec 2008 15:53:40 -0600

As we approach the new year, I won't dispute the fact that these are trying times. We are all hoping that with the inaugaration of the new president, that sentiment about the welfare of the country and the economy will improve. I believe that it will, and that although we face a difficult climb out of this hole that we're in....it could be worse. As the numbers in the market trends report show, things are improving some in the real estate market. Based on the time of year the numbers are really quite good. It took a global economic meltdown for our local market to experiance a price correction, and that correction has been 3-8%, depending on what segment of the market you look at. This really bodes well for both property owners as well as buyers in our area. While other markets have declined by as much as 50%, ours has remained strong, a clear sign that it will be strong in any recovery.

The sense that I get from almost all of my clients is that there is a lot of pent up demand (buyers waiting for the bottom), and barring any unforseen catastrophies, I think that we are very near that bottom. I have seen a big increase in people searching the MLS for listings, and correspondance from my internet audience indicates that quite a few are looking aggressively, and hoping to take advantage of good deals and low interest rates in the new year.

As you review the numbers in the report, note that inventory has come down significantly from last summer, and although home sales in Thurston county are off by 20% from a year ago...the market certainly isn't dead. As sentiment improves, past real estate cycles have shown that we typically start with a bang. All of the "really good deals" get snapped up very quickly. Although timing is not a method that I recommend, "be prepared to take action" should be part of your plan. Have a prosperous and happy new year, Phil Sharp

First Time Home Buyer Incentive; $7500 from the Fed: http://www.federalhousingtaxcredit.com/glance.php .

THURSTON COUNTY

For The Period of November 1-30 2008

	Nov 1 -	Oct	New		New
Active	Nov 30	2008	Const	Resale	Const %
Thurston County	1853	1936	529	1324	.29%
Lacey	240	247	75	165	.31%
Hawks Prairie	359	347	138	221	.38%
Olympia	354	370	71	283	.20%
Tumwater	185	208	94	91	.51%
Yelm	332	344	88	244	.27%

Pending	Nov 1 -	Oct	YTD	YTD
Sales	Nov 30	2008	2008	2007	% Change
Thurston County	199	253	3430	4215	-.19%
Lacey	42	42	568	755	-.25%
Hawks Prairie	27	29	621	767	-.19%
Olympia	54	57	686	978	-.30%
Tumwater	21	26	306	335	-.09%
Yelm	36	53	646	684	-.06%

	Nov 1 -	Oct	YTD	YTD
Sold	Nov 30	2008	2008	2007	% Change
Thurston County	171	297	2850	3708	-.23%
Lacey	26	44	474	701	-.32%
Hawks Prairie	29	53	576	654	-.12%
Olympia	35	64	597	878	-.32%
Tumwater	19	21	260	257	1.0%
Yelm	27	56	467	601	-.22%

	Average Time On	Average Time On
Area	Market YTD 08	Market YTD 07
Thurston County	95	81
Lacey	93	77
Hawks Prairie	83	80
Olympia	89.6	79.8
Tumwater	95	81
Yelm	81	83

·Data prepared by Phil Sharp, provided by NWMLS

MARKET SNAPSHOT: To receive an email report on the value of your home and other homes in your neighborhood, recent sales and sales statistics.....CLICK> Custom Market Snapshot

IF YOU WOULD LIKE DETAILED INFORMATION ABOUT A SPECIFIC PROPERTY TYPE OR NEIGHBORHOOD, PLEASE CALL ME AT (360) 970-9977 or Email.

5129 222nd Avenue SW, Olympia, Wa, 98507

Phil Sharp (Abbey RE inc.) — Tue, 02 Dec 2008 17:13:04 -0600

Price Reduced 30k! $99,000 Private and accessible; This 5 acre parcel is all ready to go for your custom home. Long Private drive leads into a perfect home site, with large area for yard, shop or garden. Seller has prelim septic approval, water and power agreement with neighbor. This is your opportunity to own 5 flat dry acres, and the seller is willing to carry a short term contract with acceptable down payment and credit verification. Ask agent for terms.

For more information about this listing, visit our Thurston County real estate website Free; Search the MLS for all Thurston County and Olympia Real Estate, click here.

29614 64th Ave South, Roy, WA, 98580

Phil Sharp (Abbey RE inc.) — Tue, 02 Dec 2008 17:07:45 -0600

$150,000 A Little Cosmetic Tlc Will Turn This Home Into A Great Starter Or Investment Property. The Home Features 4 Bedrooms, Large Open Floor Plan, And 5 Piece Bath Off Master. One Acre Lot With A Large Yard Backing Onto Woodlands, This Property Has Plenty Of Room For A Shop, Garage Or Whatever. - County: Pierce - City: Roy - Schl Dist: Bethel - Acres: 0.970

Additional Features and Amenities Other: Appliances: Range/Oven, Building Cond: Manufd. Home, Energy: Electric, Exterior: Wood Products, Fireplace: 0, Floor: Ceramic Tile, Floor: Laminate, Floor: Vinyl, Floor: Wall To Wall Carpet, Foundation: Tie Down, Heating/Cooling: Forced Air, Interior: Bath Off Master, Interior: Dble Pane/Strm Windw, Lot Description: Brush, Lot Description: Garden Space, Lot Description: Level, Lot Description: Wooded, Map: 912-H-7, Roof: Composition, Sewer: Septic, View: Territorial, Water: Community

For more information about this listing, visit our Thurston County real estate website Free; Search the MLS for all Thurston County and Olympia Real Estate, click here.

5344 Balustrade Blvd Southeast, Lacey, WA, 98513

Phil Sharp (Abbey RE inc.) — Tue, 02 Dec 2008 17:02:38 -0600

$239,900 Like New Home In Horizon Pointe, This Home Features An Open Floor Plan With 3 Bedrooms, And 21/2 Baths With Living Area And Bath Down, 3 Bedrooms And Two Full Baths Up. Gas Fireplace In Living Room With Full Dining Area And Breakfast Bar. Free Home Buyers Warranty. - County: Thurston - City: Lacey - Schl Dist: North Thurston - Acres: 0.080

Additional Features and Amenities Appliances: Dishwasher, Appliances: Microwave, Appliances: Range/Oven, Appliances: Refrigerator, Build Cond: Very Good, Building Cond: Built On Lot, Energy: Natural Gas, Exterior: Cement/Concrete, Exterior: Wood Products, Fireplace: 1, Floor: Ceramic Tile, Floor: Vinyl, Floor: Wall To Wall Carpet, Foundation: Poured Concrete, Heating/Cooling: Forced Air, Interior: Bath Off Master, Interior: Dble Pane/Strm Windw, Interior: Vaulted Ceilings, Interior: Walk-In Closet, Lot Description: Level, Map: 20-B-5, Roof: Composition, Sewer: Sewer Connected, View: Territorial, Water: Public

For more information about this listing, visit our Thurston County real estate website Free; Search the MLS for all Thurston County and Olympia Real Estate, click here.

3911 Crestwood Lane SW Olympia, WA 98502

Phil Sharp (Abbey RE inc.) — Tue, 02 Dec 2008 16:50:40 -0600

Just Reduced $199,900 Beautiful 2006 Townhome In Desirable West Olympia. The House Includes Hardwood Floors And Tile Countertops In The Kitchen And Wall To Wall Carpet Throughout The Rest Of The Home. Soaking Tub In Master Bathroom. Fireplace In Great Room. Open Concept. Very Private On Dead End Street That Backs To Greenbelt. Great Community With Trails. - County: Thurston - City: Olympia - Schl Dist: Olympia - Acres: 0.089

Additional Features and Amenities Other: Appliances: Dishwasher, Appliances: Dryer, Appliances: Garbage Disposal, Appliances: Microwave, Appliances: Range/Oven, Appliances: Refrigerator, Appliances: Washer, Build Cond: Very Good, Building Cond: Built On Lot, Energy: Natural Gas, Exterior: Cement Planked, Fireplace: 1, Floor: Ceramic Tile, Floor: Hardwood, Floor: Vinyl, Floor: Wall To Wall Carpet, Foundation: Poured Concrete, Heating/Cooling: Forced Air, Interior: Bath Off Master, Interior: Dining Room, Interior: Walk-In Closet, Map: 1-A-1, Roof: Composition, Sewer: Sewer Connected, Water: Public

For more information about this listing, visit our Thurston County real estate website Free; Search the MLS for all Thurston County and Olympia Real Estate, click here.

Foreclosure and Short Sale Tours in Olympia and Lacey Wa; About the Properties on the Tour

Phil Sharp (Abbey RE inc.) — Mon, 14 Apr 2008 00:28:23 -0500

In a previous post I discuss Tours of Foreclosure Properties in the Olympia and Lacey Wa area. The following is general information about foreclosures in general and about properties on the tour.

Foreclosures:

People use the word foreclosure very loosely in this business. The real definition of a foreclosure is a property that has been taken back by a lender because of non-payment. The property is owned by the bank, and is typically listed for sale with a local realtor at fair market value. The bank or lender is most certainly a motivated seller, but you have to keep in mind their bottom line. (and remember that the bank is operating as a business, without too much emotional baggage.) Bank Owned properties, or REO's, can generally be purchased at slightly below full market value.

Short Sales:

A short sale refers to the sale of a property before foreclosure. The home owner is in trouble, recognizes that they are in trouble, and are trying to negotiate a sale that will get them out of the property without too much of a black mark on their credit report. In a short sale situation, the lender has agreed to a sale, usually at a loss, and has approval authority over any offers. Purchasing a home as a short sale is usually where you will find the best deals. There is some urgency on the part of the homeowner and lender to "stop the bleeding".

Default properties (Pre-foreclosure):

A property in default is a prime candidate for a short sale. Sadly, many home owners refuse to acknowledge or accept that they will loose their home, and take no action. A home owner is considered to be in default once they become 30 past due on a payment, and the mortgage lender typically starts legal action (by serving a notice of default) when the payment is 60-90 days past due. Default properties are good to watch (and I keep a data base of every home in default in Thurston County), for obvious reasons. A strategy found in many real estate investment books is to approach properties owners in default and attempt to negotiate a sale (a technique I call a "cold short sale"). When working this technique, be aware of what you are competing with. The homeowner is being hounded by bill collectors, receiving calls, mail and email promising solutions, and is also being called by every realtor in town asking to list the property. Needless to say, these people are gun-shy, and are in denial about their situation...or they would have listed and tried to sell the home themselves.

Real Estate owned by banks and lenders (REO's):

Following Short sale, Real estate owned (REO) property is the best source of financially distressed properties. As I said before, the bank is operating following a business plan, or model, that clearly spells out how they will deal with foreclosed properties. They of course want to get as much as possible for the property (they will almost inevitably loose money, but they try to limit the loss), and they will hire a local real estate agent knowledgeable of the market and able to protect their interests.

The bank will try to get as much as they can for properties they own, only makes sense. But they also consider holding costs, taxes, insurance, and other expenses when deciding how to price a home, and in the offer that they ultimately accept. A good way to look at it (and you should look at your own investments the same way) is that every month that you hold a property, the price should go up by the amount of holding costs. Conversely, a price decrease now may make sense rather that taking a month to month loss waiting for a higher price....it's all in the numbers.

All of the homes on the tour are listed on the MLS, and are either short sales or bank owned. If you are interested in making an offer on any of these properties, or if you would like to visit properties that more closely fit your needs, please contact me at the number below. The properties on the tour are a cross section of what is currently available. I have avoided severely distressed properties and properties with less than enthusiastic sellers. We will visit 8-12 homes of over a hundred that are short sales or REO's...in other words please call if you would like to scratch deeper; today we are just scratching the surface.

If you would like to participate in one of our weekend tours, or if you would prefer a one on one tour of homes that are specific to your needs, please visit Olympia-HomesOnline, or email Phil at Phil@PhilSharpHomes.com. You can also RSVP by calling 360-455-1366. The tour has been consistently booked about a week in advance so please RSVP as soon as possible.

Foreclosure Tours In Olympia and Lacey Washington

Phil Sharp (Abbey RE inc.) — Mon, 14 Apr 2008 00:10:46 -0500

Phil Sharp Homes has been conducting tours of foreclosure and short sale properties in the Olympia and Lacey Wa area since mid-March. A recent article in the Olympian Newspaper highlighted the first tour open to the public, and highlighted the situation of "Mr. June". Mr. June is a homeowner facing loss of his home due to his son's medical expences. Mr. June attributes the fact that his home is now under contract...and that he will not be faced with foreclosure, to the tour.

Of the twelve homes featured on the first tour on the 29th of March, six are now pending sale. These homes are not pending because of the tours, rather they are selling because buyers who have been on the fence are seeing real value in the market. The prevalent sentiment among buyers, at least in the local market, is that the worst is over. Lots of inventory is the downside; strong local economy, #8 in Forbes list of the top ten places to invest in real estate, and geographic location are the upside.

The following is a press realease from the Olympian Published on March 8th, 2008. Please use the contact information below if you would like to participate in a future tour.

Join Phil Sharp of Abbey Real Estate for a tour of short sale and bank owned properties, with the first tour on Saturday, March 29^th, with other weekend tours throughout the month of April. Please RSVP with Phil at 360-970-9977, or visit http://www.olympia-homesonline/.com for more info.

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