Short sales are common in today’s real estate market. When a seller experiences financial distress and needs to sell their home, they will run into trouble if their mortgage balance is higher than the current market value of their house. In such a situation, a seller will ask their bank to approve a short sale, [...]
Archive | September, 2010
Olive 8 Condo Auction Results
The developer of the Olive 8 condo project in downtown Seattle auctioned off 32 condos today at steep discounts from previous asking prices. The Olive 8 project is a luxury condo building built atop a Hyatt hotel where residents can take advantage of hotel amenities just like hotel guests. The Seattle Times reports that there [...]
Dealing With Oil Tanks When Buying an Older Home
Many older homes in Seattle and other cities still have oil heat or had oil heat at one time in the past before they converted to natural gas or electric heat. If you are buying a home that currently has oil heat, you will still be using the underground oil tank to provide fuel for [...]
Local real-estate brokerage suspended by regulators
The Seattle Times reports that Michael and Tara Hellickson and their real estate company Hellickson.com has been suspended by state regulators after a 17-month investigation. Their property listings have been removed as well. The Hellicksons listed a lot of properties, and their signs were a very common site in the area. Hellickson also sold an [...]
Northwest MLS Seattle Real Estate Statistics for August 2010
The Northwest MLS has released their Western Washington real estate statistics for August 2010. August showed the remaining effects of the housing tax credit expiration on April 30. The number of closed sales in King County for August 2010 was 1,654, a 17.5% decrease from closed sales in August 2009. New pending transactions for August [...]
