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short sales | Maple Valley WA

Posts Tagged ‘ short sales ’

Maple Valley Short Sale-Closed!

Maple Valley Short Sale-Closed!

Happy Thanksgiving to the new owners of this lovely 3 BR home in Maple Valley! The previous owners contacted me this Summer as a job relocation out of state meant they would need to sell. Having bought this home in 2007, their value was,  needless to say, much lower than when purchased. We negotiated this Fannie Mae short sale, with a full waiver of deficiency rights, received approval on the 2nd….all without the owners ever having to be late on a payment. If I’ve said it once, I’ll say it again, no two short sales are exactly alike, which is why, if you’re considering this option as an exit strategy, it’s important to get information as it pertains to your personal set of circumstances. Educating yourself is a very important first step in the process!  

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24543 SE 245th Pl Maple Valley | Maple Woods Just Listed

24543 SE 245th Pl Maple Valley | Maple Woods Just Listed

Maple Woods is probably Maple Valley’s largest Master Planned Community with over 350 homes, 6 neighborhood parks and (in my opinion) one of the loveliest landscaped entries in town. This Polygon built resale home is situated down a long drive just off a double cul-de-sac street. Traditional in style, the 3 BR + Loft + upstairs utility offers function and convenience for busy lifestyles. The Main Floor layout has a Living Room upon entry, which could easily be converted to Formal Dining Room, Powder Room with pedestal sink, and a granite Kitchen with Hardwood floors. 9′ ceilings on the main floor help keep the space open and bright. Hardwood floors flow from the Kitchen, through the Nook and into the Family Room which has a gas fireplace as it’s focal point. Outside is a storage shed, A/C unit, Patio and enough lawn area for get-togethers. Here are the details: Year Built: 2004 Sq. Ft (appx): 1640 BR: 3 Bath: 2.5 Annual taxes: $3095 Hoa Dues: $50/mo Offered at $225,000, this home is a Short Sale but only on the 2nd Mortgage. Feel free to call or email for more information. 425.432.5400 Maple Valley was recently named to Family Circle’s Top 10 Towns list!

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Another Maple Valley Short Sale Closed!

Update this sale closed on 5/17/2011 with no deficiency and seller receiving FHA incentive at closing. Maple Valley FHA Short Sale has just cleared a major hurdle and is now in the pre-foreclosure assistance stage! What this means to anyone interested is that FHA has completed their appraisal on the property and we are clear to accept an offer that nets 88% of that value. This is a great opportunity for a clean, updated 3 BR home on 2.4 very private acres.   Now priced at $187,500….this is a great deal in this market! More information& photos here or you can view the virtual tour here.

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Short Sale Listing Just Reduced

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.

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The Make-up of the Maple Valley Market

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.

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Short Sale Activity in Maple Valley, WA

Short Sale Activity in Maple Valley, WA

A quick look at short sale activity in the greater Maple Valley, WA market. This graph represents Single Family properties only, listed through NWMLS which have been identified as sales which must be approved by underlying lien holder(s).

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Just Listed in Rock Creek Meadows

Just Listed in Rock Creek Meadows

Big and beautiful, this 4 Bedroom 3000 square foot 2 story home is located in the heart of Maple Valley in the Rock Creek Meadows community. The main floor boasts Brazilian cherry hardwood floors in the Foyer, Kitchen and Nook, and gorgeous Cherry cabinetry. The informal area is very open, with a large eating bar at the center of this space. The main floor has a formal Living and Dining room, Kitchen, Nook, Family room with gas fireplace and a Main floor office/Den (which has laminate flooring for durability) and a 3/4 bath. Upstairs are 4 Bedrooms and a good-sized Rec Room. Double doors lead to the Master suite, with corner fireplace and sumptuous tiled, 5 piece bath. The laundry room is also conveniently located upstairs and has a utility sink and plenty of cabinet/counter space. Additional features are: Cat V wiring, rounded corners, decorative arches and tray-ceiling details, 2 panel white doors through-out as well as being plumbed for Central vac. This home is currently being offered at $389,950 and is a short sale; all offers will be subject to lender’s approval. View Larger Map

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Just Listed 5 Bedroom in Maple Woods

Just Listed 5 Bedroom in Maple Woods

** Update, this home has sold and now has new owners Fresh on the market, this 2 story is located in the Maple Woods community in Maple Valley and is being offered at $379,950. Located on a lot backing to open space, this home boasts dramatic vaulted ceilings, plant shelves, hardwood floors, tile counters and white millwork throughout. There is a convenient 5th Bedroom/Den on the main floor with a 3/4 bath located just a short distance away. Perfect for out of town guests or anyone preferring not to navigate stairs. Of course it makes a great in home office/Den as well! Upstairs are 4 Bedrooms including the Master suite with it’s luxurious 5 piece bath. Relax in the soaking tub while looking out at the greenery behind the house! The three remaining bedrooms are nice sized and have sliding door closets. This home was modified from it’s original floorplan to enclose the bonus room and make one large 5th BR upstairs (vs 3 and a bonus). In addition, there is a 3 car attached garage, small storage shed and fully fenced rear yard. View the virtual tour:   This home is a short sale, so all offers will be

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