For pictures and commentary on why
I believe Wenatchee will continue to be
a good market to invest in real estate…
follow this link.
Carol Williams,
Real Estate Agent
This post was written by Carol Williams, source: Why Is Wenatchee A Good Real Estate Investment
As we move into a new calendar year, it’s my goal is to:
Learn from the past
Enjoy the present
Plan for the future
May health and prosperity follow us all into this beautiful New Year!
Remember:
Information is FREE. Knowledge and Experience Are Priceless
Thinking of buying or selling?
Contact Carol Williams today: Carol@TopPropertiesWenatchee.com
This post was written by Carol Williams, source: Happy New Year
I’m pleased to announce the addition of two new assistants to enhance the service I provide in my Wenatchee real estate business. Shelley Granger and Perci Owens have lived in Wenatchee for quite some time and are both fun, smart, personable and care about doing a great job for our customers. As we get our team organized, I will provide additional contact information for Shelley & Perci.
Happy Holidays!
Carol Williams,
WenatcheeReal estate agent
http://TopPropertiesWenatchee.com
Carol@TopPropertiesWenatchee.com
Shelley Granger
Perci Owens
This post was written by Carol Williams, source: Welcome To Shelley & Perci
I’ve been talking about it for months, and the latest statistics out indicate home prices in the Wenatchee area are rising faster than previous forecasts. Our appreciation ranks 5th in the entire nation for the first three quarters of 2006.
Despite some cooling, according to an article in the week-end edition of the Wenatchee World newspaper, home prices have increased 22% since the first of this calendar year. Earlier forecasts were in the range of 16%.
What is fueling the growth? Aside from the flurry of baby boomers choosing Wenatchee as a retirement and second home destination, our strong and diverse economy should support long term stability, and a strong housing market.
Home inventories remain very tight in the under $250,000 price range. To search homes and land for sale in all price ranges, click here.
To follow the construction of a new home being built click here.
Information is FREE. Experience & Knowledge are Priceless.
Contact Carol today: Carol@TopPropertiesWenatchee.com
The October 2006 SNAPSHOT of Wenatchee Real Estate activity has been released by Pacific Appraisal Associates. A summary of some of the info in the report is as follows:
MLS Market Area Totals:
Number of homes sold year to date: 1,018
(up 3% from one year ago)
Dollar Volume of homes sold YTD: $233,678,144 (up 14% one year ago)
Median Sales Price YTD: $206,450 (up 18% from one year ago)
Number of homes on the market: 190 (down 19% from one year ago)
Building Permits Issued (for the month):
Single family homes 376 (down 8% from one year ago)
Multi-flex units 21 ( up 133% from one year ago)
Rental housing vacancy rates:
Single family housing 5% (up from 2% one year ago)
Multi-family housing 4% (same as one year ago)
Information Is FREE. Knowledge & Experience Are Priceless!
Thinking of Buying or Selling a home? Contact Carol Williams today:
Carol@TopPropertiesWenatchee.com
Click on image to enlargeI love many of the old homes around town, but rarely take the time to stop for a photo op. I’m determined to do it more often, though. I’ve driven by this home on Red Apple Road a zillion times but never stopped to take a picture until yesterday. The only one like it in town!
I wish the breeze had been blowing ever so slightly with the flag out front.
Too bad about all those power lines… but, I guess at 2.5 cents per KWH, we shouldn’t complain.
For answers to your real estate questions, contact:
Carol@TopPropertiesWenatchee.com
To search homes and land for sale in the Wenatchee MLS, click here
source: Red Apple Road Mansion
Each Wednesday is the day we real estate agents have the opportunity to go out and look at the latest new listings on the market. Yesterday, I saw a number of nice homes that were well priced and will probably sell quickly, but I also saw some homes that had no business being on tour. Here are some samples:
Home #1 Grossly over-priced for the condition. I’m talking about a home needing serious remodeling that was priced about $100,000 over market value for the condition. The agent wasn’t even present at the Open house to tell us about the home or how she came up with the price. Sad thing is, some agents will over-price a listing (to get the listing), knowing the sellers will eventually have to reduce. This was a waste of my time to even go see and I will not waste my buyers time to show it.
Solution: Price the home to sell based on realistic current market value. The home is vacant and we’re going into winter.
Home #2 The odor of animal urine hit us the second we walked in the door.
Solution: The carpets had already been cleaned, but a commercial grade air purifier might do the trick. If not, replace the carpeting.
Home #3 Dark, dirty, very out-dated and over-priced for the condition.
Solution: Open the blinds. Clean the house. Price it to sell in it’s present condition.
When preparing a home for sale, try to look at the home from the viewpoint of a buyer… not as the seller.
To search homes and land for sale in the Wenatchee, WA MLS, click here.
To contact Carol direct, e-mail her at: Carol@TopPropertiesWenatchee.com
I continue to see a trend toward more price reductions and homes coming back on the market as a result of pending sales failing to close. I’m not certain what the reason is for these failed sales, but they are most likely for one of three reasons:
1) Buyer does not qualify for financing
2) Home does not pass inspections, or repairs are too costly
3) Homes does not appraise for the sale price
In order to reduce the risk of any of these happening to you, here are some suggestions:
1) As a seller, insist on seeing a letter of pre-qualification (or better yet, a pre-approval) for your prospective buyer before you sign the Purchase & Sale Agreement. As a buyer, get pre-qualified before you ever go house shopping.
2) As a seller, have a home inspection done before you put the home up for sale, so there are no surprises for you or the future buyer. This will cost a few hundred dollars, but could save you considerable money and anquish later in the transaction. With a positive home inspection, you can price your home, and negotiate a sale, with greater confidence. As a buyer, if the seller did not provide the results of a home inspection, have one done as a condition of the sale. It’s well worth the expense.
3) As a seller, have an accurate price analysis done by an experienced real estate agent, or an actual appraiser, so you are not misled as to the value of your home. Most real estate agents will do a price analysis for FREE, with the hope of listing the property. But, there is no obligation to list the property just because they do a price analysis (often referred to as a CMA).
If you have any specific questions about selling or buying a home contact:
Carol@TopPropertiesWenatchee.com
http://TopPropertiesWenatchee.com
http://www.CarolsWenatchee.com
source: Price Reductions & Failed Sales
What is more difficult than putting a square peg in a round hole? Being a first time home buyer in the Wenatchee Valley.
It’s becoming so difficult to find homes for the, working class, first time homebuyers these days that I thought running a summary of all price ranges would be interesting. As of tonight, of the 203 single family homes for sale in the greater Wenatchee and East Wenatchee areas, here is the breakdown by price range:
14 @ $18,900 - 99,999 (7 are mobiles on leased land)
8 @ $100,000 - 124,999
9 @ $125,000 - 149,900
25 @ $150,000 - 199,999
32 @ $200,000 - 249,999
40 @ $250,000 - 299,999
15 @ $300,000 - 349,999
11 @ $350,000 - 399,999
18 @ $400,000 - 499,999
13 @ $500,000 - 599,999
6 @ $600,000 - 699,999
3 @ $700,000 - 799,999
3 @ $800,000 - 899,999
3 @ $900,000 - 999,999
3 @ 1,100,000 - 1,850,000
This is alarming and a very difficult situation for most first time homebuyers, with limited cash for a down payment. Other than the mobile homes on leased land, ALL of the homes under $100,000 need considerable work. Many of those in the $125,000 - $150,000 price range have similar problems. Most of them, if not all, will not meet current financing requirements… meaning they will need to be sold to investors with all cash or purchased under some sort of re-hab financing option. The mobile homes on lease land have financing challenges of their own.
I have a large group of real estate investors truly itching to buy… BUT most, if not all, of these (under $125K) homes do not meet their buying criteria because they are in locations that do not appreciate at a rate equivalent to the market average.
We used to see affordable condos come on the market now and then but they are becoming oh so rare too. I’d sure love to see a new, affordable, condo development in the area… priced in the $125,000 - $150,000 range. A lower price range would be even better. It’s probably not going to happen, but one can always hope!
For a custom search or for the answers to your real estate questions, contact:
Carol@TopPropertiesWenatchee.com
Or, do your own search for homes and land in the Wenatchee MLS:
www.TopPropertiesWenatchee.com
source: Some Alarming Numbers
This morning, while at Starbucks in East Wenatchee, I ran into a golfing friend of mine. She was visiting with one of her neighbors who indicated he may be selling his home (in an up scale neighborhood) soon. He said he could probably sell it himself and save money, but he would definitely be hiring a realtor. WHY? Because he felt, whatever it cost, it was worth it to have the layer of (legal and emotional) protection between him and the buyer
There are certainly other advantages to hiring a professional agent to sell a home, but this guy definitely gets it!
Do you have real estate questions?
Ask Carol: Carol@TopPropertiesWenatchee.com
Want to search for homes and or land in the Wenatchee MLS?
Visit: http://TopPropertiesWenatchee.com
source: Why Hire A Real Estate Agent?
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