Short Sales and the Related Issues

      A short sale is a sale of real property in which the proceeds from selling the property are less than the balance of debts secured by liens against the property. This happens when the property owner experiences financial distress and cannot afford to make the current loan payments. In such a situation, the banks/lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.

New Homes in Sammamish – Glencoe at Trossachs

            Glencoe at Trossachs is co-developed by two builders, William Buchan and Murray Franklyn and I am reviewing the homes by William Buchan in this article. This New community is located in the Sammamish Plateau. There are two drawbacks to live in Sammamish. First, there is no highway passing through Sammamish and it may be a long commute for most people living in Sammamish. Second, many people may think that the school district in this area (Issaquah School District) is not as desirable as the Bellevue school district.

New Homes in Issaquah – The Bridges at Talus

           The Bridges at Talus is built by Steve Burnstead Construction LLC, which is a brother company of Rick Burnstead Construction LLC. There will be more than 90 homes at the Bridges when the project is completed. These new homes in Issaquah are priced from the mid 500 thousands to the mid 700 thousands and ranged from 1,850 to 3,263 square footage. For those of you who would like a personal touch on your new home, such as paint color, granite, flooring, all deco choices, there are still more than 40 lots available at the Bridges as of January 18^th 2013.

New Homes in Kirkland - Summer Grove

     Summer Grove homes are built by Cam West, one of the largest mass production builders in the northwest. These are 3 – 5 bedroom homes from the upper $400,000s located in the northern end of Kirkland.  Across the street from the Safeway plaza, these new homes feature a high walk score of 77 with various shops and restaurants within walking distance. Juanita Village, downtown Kirkland, San Edward State Park, Juanita Beach Park, and I-405 are just minutes away from these new Kirkland homes.

Feng Shui – part 2, Kitchen Feng Shui

     For some people, the kitchen is such an important factor that it affects the decision in choosing a new home. In fact, two of the features I like the most about my own home is in the kitchen. It has a beautiful slab granite countertop and the kitchen is bright and elegant.
 
    An important guideline that is prevalent in the Feng Shui circles is that water is the destructive element to fire. Therefore, it is bad Feng Shui to place the kitchen sink next to or directly across from the stove. While I do not agree with placing the kitchen sink directly across from the stove has anything to do with one’s luck, I do think that kitchen sink should be kept at some distance away from the stove. The reason behind this is quite simple. You do not want water poured over your stove while you are cooking and you need some space between the stove and the sink for washed vegetables and meat that’s ready for cooking.
 

Many buyers... not so many sellers

House sales surged in King County in October, while the number of houses on the market dropped to its lowest level since at least 1999, according to statistics released by the Northwest Multiple Listing Service. Buyers closed on 1,981 single-family homes last month, 33 percent more than in October 2011 and — perhaps more surprisingly —10 percent more than in September of this year. Please click on the following link to learn more…..

http://seattletimes.com/html/businesstechnology/2019611317_homesalesxml.html

Common Misconception about Title Insurance Policy

Figure 1. comparison chart from First
 American Title Insurance Company

    Title is a bundle of rights in real property. Since it is the seller who conveys title to a piece of real property, it is usually the seller who is responsible for purchasing title insurance for the buyer. Buyers can choose from one of three title insurance policies and specify it in the purchase and sale agreement: the Standard Policy, the Homeowner’s Policy, and the Extended Policy. Due to the misleading names of these insurance policies, home buyers may lose their right to the best policy if the buyers’ realtor does not have basic understanding of these policies or is careless.

     To show readers how the three policies differ from one another, I got a comparison chart from First American Title Insurance Company and it is displayed in Figure1. It can be seen from Figure 1 that the Homeowner’s Policy (Eagle Protection Policy) covers most items and it is the policy most home buyers would want to have.