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King County Real Estate | Maple Valley WA

Posts Tagged ‘ King County Real Estate ’

How to Buy a HUD Home in Maple Valley

How to Buy a HUD Home in Maple Valley

Buying a HUD home in Maple Valley can mean getting a great deal on an REO property, however the process is different from buying any other bank owned property. HUD homes are FHA foreclosures. When a HUD home is listed for sale, it is offered for a period of time to owner occupants only. During that “opening bid” period, buyers who are not investors, can make an offer. In order to make an offer as an owner-occupant, the following criteria must be met: A HUD approved Real Estate broker must write and electronically submit the bid. The buyer must have the required earnest money amount (in our area, usually $1,000) in the form of a cashier’s check made out to HUD or “Buyer’s name”.  If financing the purchase, the buyer must be pre-approved (with letter in hand) If a cash purchase, buyer must ave proof of funds Buyer and Broker must sign an affadavit that the buyer will be occupying the home and the purchase is not being made as an investment. HUD will continue to collect offers during the intial bid period, afterwhich they will calculate the net offer to them. (Offered price, less any concessions and fees requested by the

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April Home Sales & YTD Market Report Maple Valley WA

April Home Sales & YTD Market Report Maple Valley WA

There have been 24 Single family homes sold in Maple Valley for the month of April. The lowest priced home sold was $184,000 and the highest price was $875,000. The median sales price for all homes sold was $295,975 and the average days on market for these listings was 85 days. Maple Valley Homes Sold Year to Date There have been 118 Single family homes sold in Maple Valley so far this year through April 30th*.  The lowest priced home sold was $110,800 and the highest price was $875,000. The median sales price for all homes sold was $290,500 and the average days on market for these listings was 73 days. *Represents single family homes listed through NWMLS only and does not reflect private party sales.

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Custom Built Home on 1 Acre Kent Easthill-Price Reduced!

This home sold in ten days but then the buyers got cold feet and walked away. This is a great opportunity for a BIG custom home on acreage. This 4 Bedroom plus Bonus Room Two Story is located on 1.07 acres, close-in on Kent’s Easthill; excellent proximity to Kent Station, 167 and the Sounder train. With over 3500 square feet, the floorplan is spacious with wide hallways and oversized rooms. The main floor features sunken Living & Family Rooms, vaulted ceilings w/ tray details and a main floor Den/4th Bedroom. Upstairs all bedrooms are spacious, including the Master Suite which has a sumptuous 5 piece bath w/ jetted tub. The Bonus Room offers lots of flexibility for the new owner’s use…home schooling, theater room, play room? Loaded with custom touches such as built-in window seats, cabinet pull-outs, walk-in pantry and laundry chute, this home is a must-see value in today’s market! Take the virtual tour for more photos

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Maple Valley “House Swap”

Maple Valley “House Swap”

One of my clients (very smart one by the way) emailed me this week with an idea to help increase activity on her home – a beautiful 5 Bedroom in Maple Woods. This home is typically a “move-up” type property, meaning the most likely buyer for the property would be someone in a smaller home who has outgrown it for whatever reason. There are many “move-up” buyers in the Maple Valley market right now, however they need to sell in order to buy. Recent tightening on lending standards and downpayment amounts have made it difficult for first time buyers (who make it possible for the “move-up” buyer to move) to enter the marketplace. Unless and until first time buyers are able to come in with their 3% downpayments and improved credit scores we will continue to see a bottleneck of inventory. So…back to my smart seller who is looking to downsize. She asks me “What if there’s someone out there with their house on the market, who might want our house and we might want their house?” Aha....(I’m having lightbulb moments right and left these days) A Swap! I market to target move-up markets as part of my comprehensive marketing

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