Update: 12/29/2010-New Price for this Maple Valley Short Sale $297,850! Maple Valley, WA~This Westbrook homes built 4 bedroom home features rich brazilian cherry hardwood flooring from entry through Kitchen, stainless appliances and main floor BR w/ 3/4 bath for guests. Upstairs are 3 Bedrooms including the Master Suite with Fireplace, 5 piece bath, bonus room and laundry. This home has been reduced to $295,000 to reflect some TLC/repairs which may be needed. It is a great opportunity for someone who has the resources or financing (203k?) to move on this short sale opportunity.
Foreclosures & Short Sales
The Make-up of the Maple Valley Market
The following market snapshot of Maple Valley listing inventory is for Single Family homes located within the Tahoma School District Boundaries. When I talk with clients about buying or selling I explain we essentially have 3 divisions within one larger market. There is the “regular” market….homes that are neither short sales nor foreclosed properties. Many of these listings are New Construction pre-sales (not yet built). There is the Short Sale market and then there is the REO (bank or asset management company owned) market. Each has it’s own unique nuances when it comes to pricing, negotiation and acquisition. Hopefully these charts and information will give you a better insight as to what’s happening with each of these market areas here in Maple Valley. The good news here is that “Regular” sales out number both Short sale and Bank owned inventory. This isn’t the case in many other parts of the country. What’s somewhat disturbing here from my perspective is the percent of pending Short Sales to the number which have actually closed. Whatever the reason; inexperienced agents negotiating inefficiently, banks stalling the process or buyers (and sellers) losing interest in jumping through the necessary hoops, this number should be higher.
Maple Valley Short Sale on Acreage $200,000
Here’s your opportunity for affordable, private acreage within the Tahoma School District . This 3 bedroom Silvercrest model manufactured home sits at the back of a very long private drive, surrounded by greenery. The floorplan is a split-bedroom design, with 2 bedrooms and full bath on one end and the spacious master suite on the other. There is a Family room with wood-stove and french doors to side deck, Island Kitchen with Stainless appliances PLUS formal living and dining rooms. The property offers many possibilities including horses or other recreational pursuits. There is a large detached shop with doors, power and water (once used for storing heavy equipment) and lots of room for parking RV’s or boats. The previous owner of this property was in excavation and dug a large pond on the property. It is served by it’s own well (pump repair needed) which can keep the water level up and refreshed. There is a dock to the water’s edge….stock it and fish to your heart’s content! This property is a short sale and will need to be approved the the current lender. More photos and information coming soon, so plesae check back!
22717 SE 268th PL Maple Valley-Rock Creek Meadows Just Reduced!
This beautiful Westbrook built two story home in Maple Valley’s Rock Creek Meadows neighborhood has just been reduced to a very tempting price of $318,500. This property is a short sale and all offers will be subject to lien holder approval. The floorplan features arched doorways, rounded corners, a Main Floor Den/BR PLUS convenient 3/4 bath so this area would work nicely as a guest/MIL/Nanny suite. The Kitchen is gorgeous with gleaming cherry cabinetry and stainless steel appliances. Brazilian cherry floors flow from the entry through the Kitchen and nook.Upstairs are 3 Bedrooms and a large bonus room. Located within the acclaimed Tahoma School District, this home boasts over 3000 square feet and is situated on .12 acres. More information and pictures here.
How Long Will My Short Sale Take?
If you want to do a short sale in the Sacramento area, Elizabeth Weintraub is the pro to call! Not only has she written a book on the subject, but every week she helps more and more homeowners avoid foreclosure through the short sale process. In addition to being a high producing Realtor, Elizabeth is a very prolific blogger. Recently she wrote a blog post entitled “The Number one Short Sale Question“. (For her, the number one question she’s asked is if a home seller should stop making payments. When talking with sellers in Maple Valley and throughout South King County about helping them Short Sale their house, the number one question I seem to get is “How long is this going to take”? Sellers who are serious about short selling, are looking to the future….anxious for the time to move on and start over with a clean slate. For many owners, getting the short sale process completed is akin to removing a huge monkey from their backs. I’ve had several owners thank me profusely for helping them through the process. My answer to their question is almost always the same….”It depends”. There are so many variables with a short
Short Sale Closed in Eastwood Forest
Another successfully negotiated short sale in Maple Valley, this two story home in Eastwood Forest now has a new owner. The sale took approximately 4 months to negotiate full release on both liens and the home ended up selling to the 2nd buyer (As many short sales do). Listing price was $229,950 and the sales price $220,000. Thank you to Merry Smith of First American Escrow for another very smooth closing, as well as to Cindy Gwinn of Coldwell Banker Bain, the selling agent on the transaction.
Are Short Sales Selling in Maple Valley?
Are Short Sales Selling? (Say that three times fast!). I’m expecting approval on two short sales in contract any minute now, and am getting ready to put one more into escrow to begin the short sale negotiation process. Short sales are a good alternative for some home owners to avoid foreclosure. Whether you’re looking to buy a short sale or sell your current property as a short sale, you definitely want to make sure you’re working with an agent who is experienced with the process. Here’s a snapshot of short sale activity for single family residential homes in the greater Maple Valley, WA market area: There are 43 active listings, with an average list price of $290,714 Pending Sales total 25 with an average list price of $285,606 In the last 6 months, 28 properties have been successfully negotiated as short sales and closed. The average sales price of those properties was $311,512
Maple Valley Short Sale Just Reduced!
Update: This home has sold and has new owners! Located in the Maple Woods community, this home backs to private open space and has a fully fenced rear yard. The main floor features a 3/4 bath and 5th BR. Soaring 2 story ceilings creates an impressive feel upon entry and the three car garage is an added bonus as well. Now offered at $329,950, this home is being offered as a short sale. Any and all offers will be subject to the underlying lien holder’s approval.