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short sales | Maple Valley WA | Page 2

Posts Tagged ‘ short sales ’

Just Listed 5 Bedroom in Maple Woods

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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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Short Sale Activity in Maple Valley

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Are short sales a player in the Maple Valley real estate market? You betcha! Approximately 21.5%, nearly a quarter of all active listings on the market right now are short sale listings; homes being offered for sale subject to the underlying lenders agreeing to take less than what is owed on the property. What’s really interesting though is that 50% of the pending sales in our market are short sales, while only 7.5% of the sales closed in the last six months were short sale. This big disparity between pending  and closed sales is best explained by using a funnel as an analogy for the process of closing a short sale. From listing through  recording,  a short sale transaction is more complicated and time consuming. A regular sale goes as follows:  seller lists home > buyer makes offer > buyer completes inspection > appraisal > buyer’s new loan is approved > then sign at escrow >  record. Voila….SOLD! It’s not so easy in a short sale transaction. For the short sale, there’s a very large (and often lengthy) step between buyer making an offer and buyer’s loan being approved….it’s the process where by the seller must convince the lender to take less than what is owed

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All information is current as of published date. Listings for sale or rent, are avaialable as of the date published, however price and availability are subject to change.