Just out of curiosity, what attracts so many out of state agents to a question like this? It started out with just local agents, but then lately it's been almost all out of state. Does it get wider distribution somehow after so many responses?... more
As you've found out short sales can take months and months to just get a reply to your offer. Your agent should have made you aware that this was likely to happen. If the BPO has been done then you're another step closer however it still could take several weeks as the bank will have to send it to the investor and there could be more delays as it sits waiting to be reviewed. It is typically a valuation of the inside and outside. If the house is vacant the bank will probably change the locks and put one of their lock boxes on the door.
You should make sure that your agent follows up with the listing agent to find out where they are in the process. Hopefully the listing agent has been keeping up with the bank and it doesn't get sold by the bank. Sometimes the left hand at the bank doesn't know what the right hand is doing.... more
KJ,
Darrell's comment is right on the money. Speaking as an architect, I'd also add that an architect could help you with this process. A good architect should be able to come up with a conceptual strategy for the addition (including consideration of code, structural, and design issues), and give you an opinion of probable construction costs.
AIA Seattle has an excellent online resource for finding a local architect: http://folio.aiaseattle.org/residential
And if you're interested in modern design, check out our website: http://eggfarkarch.com
I hope that helps.... more
Phleuff,
Your question has appeared in the Seattle WA area. We have a neighborhood called Madison Park too. Your costs per square foot will vary depending on the size, style, number of bedrooms, baths and overall layout of the kitchen. Kitchens & Baths have the highest costs per sq. ft in general but there is a vast difference between a basic starter home with vinyl floors and formica counters versus upscale kitchens with high end appliances, tile floors, slab granite counters etc.
You may get some better answers by re-asking in your local area, but be careful with the answers, they will be general and subject to individual choices you make.... more
I completely agree with most of what has been said, especially Arron. You really have to get a feel for the neighborhoods in order to decide where you want to live. And they are all so different from each other. I lived in Seattle for a long time & I lived in Queen Anne, Ballard, & Wallingford & have friends in the other mentioned neighborhoods as well as sold homes in all of them. But, you do not need my opinion or anyone else's about which is best. We can tell you about the character of each neighborhood & then you just to to room around on Friday night and during the day & see what you see along with looking at the weekend entertainment schedule Which you can see at the Seattle Times Weekender & the Stranger newspaper.
You might also want to choose an agent to work with that knows the neighborhoods very well. I would suggest, that as a buyer, you Google every agent that responds to your question here on Trulia, learn as much as you can about who they are online, read their client testimonials, so you know what their clients are saying about them, and then give us each a call and just ask us why we think you should work with us instead of another agent. This will take you a little while to do, but will be time well spent, as choosing the right agent is the first step towards choosing the right home. Then, pick the best fit for you and let them go to work for you with the skill and knowledge that they have. I hope to hear from you soon. 206-841-9976
Good luck to you in any case,
Jirius Isaac... more
I love to help Vets buy a home & you can certainly do that if you get yourself in a position to do so. The first thing to do is to take a look at your credit & see how we can fix it. I am a local lender & real estate broker & would love to discuss your options with you if you want to take a few minutes & call me at 206-841-9976.
Take care, Jirius Isaac... more
You might be surprised. Sometimes things just turn up. Have you choosen a school yet? I work with renters frequently, and have also worked with a few people relocating to Seattle. If you want to contact me, I would be happy to explain my free service to renters. Depending on when you are relocating, you could have more options. It would definitely be worth a conversation.
Here is my Facebook Page:
http://www.facebook.com/pages/Shilo-D-Conn-Real-Estate/192737107424509
And here is my website!
www.RealEstateGetsYouHome.com
I would be happy to help you!
Shilo D. Conn
Realtor
Century 21 North Homes Realty, Inc.
206-660-4277... more
I am currently working with out of state and out of country buyers. If you are looking to flip properties for short term buy and sell you’re going to pay more in taxes so your return will be less. If you’re doing a long term buy and hold of course it’s different. We have properties through out Washington State that can give you a return based on where you are looking. We can look at properties via email and review them together, if you’re looking for Cap Rate or DCR rates I can help.
Call or contact me via email.
Rigo
rigom@johnlscott.com
425-299-8582... more
Hi Katie- without knowing the specifics, this seems questionable at least. Any repairs needed for a rental unit should be:
a)notified to the owner by the property manager as soon as they are aware (tenant reports it, etc)
b)if over a pre-agreed amount (should be spelled out in your Management Contract), bids/estimates should be shared with and approved by the Owner
c)A copy of the repair Invoice should be included and payment should be reflected clearly in your management statement in the month in which it occurs.
There may be exceptions for critical maintenance or safety issues (electrical or water hazards, etc, but these should be covered in your management contract, and the manager should inform you of needed actions and options of these asap after they occur).
-Rob, Property Manager, RD House Real Estate & Property Management, Seattle... more
Hello Samir-
That's a huge question, there are a lot of factors to consider. In general, you may want to walk through potential investment properties from a "Profit and Loss" approach, meaning, draft up an income and expense statement and plug in all the figures as accurately as possible:
Income (rents and/or utliities)- Do research for the area around the property for like kind/size/condition properties to determine likely rental rates you can expect.
Expenses:
Mortgage, property tax, insurance- you'll have these figures from your financing information
Maintenance costs- is the property in poor, fair, good or excellent condition? How old is the furnace, water heater, and appliances? You'll want to estimate the annual costs you'll likely encounter in operating the property. You'll also want to include the first years costs or getting the property rented-will it need paint, carpet/flooring or other items in order to market it effectively?
Utilities- using your own information or other mwans of estimating how much the utilites will cost per month.
Other- what other expenses might you forsee with a given property (lawn mowing, HOA dues, etc etc).
Using this will give you an idea of how the property will operate finaicially, and can also help you compare different properties to determine which might be a better rental investment.
Best of luck, and if I can be of any help, don't hesitate to contact me directly!
Rob, RD House real Estate & Property Management, Seattle... more
First, welcome to Seattle (in advance)! Is this work work related move, and will you be looking to live close to your job? What size/# bedrroms/amenities and other requirements do you have? These will all ahve an impact on the location and price of rentals you'd be most interested in. If we can be of assistance, please feel free to contact us.
Rob- Property Manager, RD House Property Management, Seattle... more
Hi Mimm,
In general, you need two pay stubs. However, you must be working in the same career / type of job for two years. I can refer you to an excellent, very knowledgeable lender who can answer this question for you with clarity, based on your personal situation.
if you are wanting to purchase soon, in the Seattle area, you will need to be "pre-approved" for a loan and many of us Realtors have great, very experienced loan officers who we can recommend, whom we know will get the loan closed. Getting a lender who can give you the upfront advice you need to get to the closing table is crucial in today's market.
You can find me at http://www.karenmcknight.com .
Warm Regards,
Karen... more
is it customary for a bank to ask the listing agent to assist with paying fees on behalf of the seller in a short sale when a HOA is unreasonable and is asking for a greater amount that the bank is willing to pay?... more
Owner has hefty deposit and receiving hefty rent. Found out they have not been paying on both mortgages for over 7 months. Had individuals taking pics & 1 stated checking to see if house is occupied. It would be a great burden financially if we suddenly have to with regard to (moving exp, deposits again, not receiving our deposit back). My question is - do I have to still pay rent when they are not paying their mtges and we have one letter stating if all was not pd in full by 4/7/12 that foreclosure proceedings will commence? Oh and owners were notified that we knew and stated they were upside down and were trying to get banks to work with them...both work (executives)...interesting!!! to say the least... more
With a smile, a letter of reference, and honesty about why your credits bad. For the most part nowadays, credit is less of an issue, as perhaps a criminal history check. The dogs could be your biggest issue, so prepare for a larger deposit, and renters insurance.. Good Luck..... more
If you are in process on the HomePath financing, you should be fine. Do your best, but pushing yourself too hard won't help. It is a roller coaster, but you ultimately are in charge. If you want the home, do the best you can to meet the deadlines and come as close as you can. I've had similar situations and the deadlines in my case were primarily to make sure some progress was being made. When we didn't hit them, we didn't get hurt. I can't guarantee this for you, but I thought my experience might put your mind at some ease.... more
Hello Ozbuyer,
I can offer you the following:
Foreign National Loans. Up to 80% LTV and up to $3 Million loan amounts (with lower LTV's).
Available for O/O & 2nd Homes. Rates are extremely competitive and there are no upfront costs aside from the appraisal.
We are currently offering these loans in MN, IA, SD, WA, OR, AL, CO, & CA.
Borrowers must be high net worth (good income, very strong reserves)
No Social Security Number or TIN required.
The program is also offered to US citizens living abroad working for a US based company, even if no credit score is present.
US citizens working for foreign companies may be considered on an exception basis if two years US tax returns have been filed showing the foreign earnings.
If no credit score is present or we have a false score, we will consider these clients as having a 740 credit score when qualifying and pricing.
We do not pull an international credit bureau.
Foreign assets are considered on a case by case basis for reserves and down payment.
We will qualify on "offer letter" / first paystub - Foreign nationals are not required to have 2 years of US based income.
Please feel free to give me a call/email with any questions.
Thank you,
Cole Thimsen
Sr. Mortgage Consultant
Cascade Mortgage
2801 Hennepin Ave S
Minneapolis, MN 55408
612-252-3304 (direct) 888-237-4042 (e-fax)
cthimsen@mycascademortgage.com
NMLS# 197735
My business is built on referrals from people like you, so please feel free to pass on my name and number to anyone looking to buy or refinance a home. Thank you!
PLEASE NO MORTGAGE BROKER/LENDER INQUIRIES... more
Hello,
We have one that just became available located at: 318 S 174th Pl, Unit #H | Seattle, WA 98146. This is close to the airport in the Westridge Condos. It is a top floor unit with 2BR/1BA, W/D, D/W, 2 Pkg stalls (1 covered), deck that overlooks greenbelt, storage, & convenient location close to bus lines, airport, shopping, restaurants & much more!
Please contact us to schedule a showing!
Sincerely,
Ty
www.caycegain.com
206-932-1090... more