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Tellus Realty

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877-413-7325
Office@TellusRE.com

PO Box 1113 Duvall, WA 98019

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Great video of a foreclosure auction in progress

The Seattle Times posted this video of a foreclosure auction down in Pierce County. This is a great view of what is going on. Notice how there are multiple auctions occuring at the same time?

And, as they note, you have to have the money up front!

Are you an investor interested in getting a list of bank owned and government owned homes currently on the retail market (so post-auction?). Then send me an email.

Jason Hershey, Commercial Agent
Commercial Sales and Leasing
CENTURY 21 North Homes Realty, Inc.
13322 Hwy 99 South, Suite #201
Everett, WA 98204

Cell: 425-417-5389
Fax: 425-223-3148

www.nwcommercialre.com
Follow me on Twitter @PlumcrazyRE

Search Washington Real Estate on my website

Posted in: Home buying, Real estate investing

Finding Bank Owned and Government Owned Properties in Washington State just got easier

Well, FINALLY!  For years, finding the listings for bank owned and government owned homes on the Northwest MLS (NWMLS) has been a pain.  You find them by either knowing the agents who typically list them, searching for “Owner of Record” or whatever bank name in the Owner fields of the database, or more commonly… some mixture of the two. There has never been an easy way to find the properties… unitl now.

Now, they finally got smart and added a field for the listing agents to indicate that a property is bank owned. They also included short sales and other categories.  These fields serve two purposes, allowing other agents to search for, or to even exclude those listings from searches. (Some buyers don’t want to deal with the risks inherent in bank-owned and gov’t owned homes).

So, to try it out, I did some searches for REOs in King and Snohomish counties.  Worked great, and here are the results:

Snohomish County: (Keep in mind that these links will only work for 30 days)
http://locator.nwmls.com/scripts/mgrqispi.dll?APPNAME=Locator&PRGNAME=MLSLogin&ARGUMENT=I9xUF6hi%2BAmcF%2B8gU%2BqONljlcaulLqLJYLcyvcsm8Vw%3D&KeyRid=1&Include_Search_Criteria=on

King County (took runs, because of limits on the results returned):
http://locator.nwmls.com/scripts/mgrqispi.dll?APPNAME=Locator&PRGNAME=MLSLogin&ARGUMENT=I9xUF6hi%2BAmcF%2B8gU%2BqONqAJ9lE4ARYTgXPwbiEdjAE%3D&KeyRid=1&Include_Search_Criteria=on

Link 2: http://locator.nwmls.com/scripts/mgrqispi.dll?APPNAME=Locator&PRGNAME=MLSLogin&ARGUMENT=I9xUF6hi%2BAmcF%2B8gU%2BqONtJLyHUQQdMnhDmHqsQyJW4%3D&KeyRid=1&Include_Search_Criteria=on

I send out updates to clients, typically investors and first-time buyers, if you want to get these lists, send me an email.

Jason Hershey, Commercial Agent
Commercial Sales and Leasing
CENTURY 21 North Homes Realty, Inc.
13322 Hwy 99 South, Suite #201
Everett, WA 98204

Cell: 425-417-5389
Fax: 425-223-3148

www.nwcommercialre.com
Follow me on Twitter @PlumcrazyRE

Search Washington Real Estate on my website

 

Posted in: Home buying, Real estate investing

Class coming to Monroe in March: The Right Way to Clean Up Your Credit

Learn the does and don’ts on credit issues and what you can do to build good credit and raise your credit score. Class includes instructions and sample letters to use for correcting incorrect credit information or providing explanations to creditors. There will be time at the end of the class to talk about specific issues and ask questions.  This class is taught primarily by our co-instructor, Jeff Nance of Golf Savings Bank, and focusses on credit repair in preparation of financing a home.

Thursday march 19, 2009
6:30-8:30 at Park Place Middle School in Monroe
Room C-7

The registration fee for the class is donated to Sky Valley Community Schools

Instructors: Kathi Jackson, Jason Hershey, Jeff Nance

 

Posted in: Home buying

New Investor and First-Time Buyer Classes Scheduled

My partner, Kathi Jackson and I have new classes scheduled for investors and for home buyers.

Classes are conducted in Monroe at the Junior High, during the evening. Classes include:

Right Way to Finance with Government Backed Loans:
Learn all the secrets in obtaining government backed loans.

Right Way to Buy Foreclosures:
Learn how to buy foreclosures.

Right Way to Invest in Real Estate:
Learn how to use the market to increase your net worth.

Right Way to Build Wealth:
Learn how to use the equity in your home to build your investment portfolio.

For dates, schedules, etc., check out the “Classes for You” tab on my website.

Posted in: Home buying, Real estate investing

Class in Monroe: The right way to buy foreclosures

This class is taught by my partner, Kathi Jackson, and myself, with the help of Jeff Nance of Chase Home Loans. Learn the do's and don'ts of buying foreclosed properties.

Date: 11/6/2007  (Tuesday)
Time: 6:30-8:30
Where: Monroe, WA at Monroe Junior High Rm C7  

Sign up through Sky Valley community Schools Call Kristine at 360-794-3006 or email johnstonk@monroe.wednet.edu.   You can also check the Sky Valley Community Schools website at: http://www.monroe.wednet.edu/S.V._COMM_SCH/default.html

Posted in: Home buying, Real estate investing

Class in Monroe: How to Clean up your Credit

My partner and I, Kathi Jackson, along with Jeff Nance of Chase Home Loans, will be teaching this class on October 9, 2007. This is a Tuesday evening and the class is from 6:30-8:30. The class is offered through Sky Valley Community Schools (http://www.monroe.wednet.edu/S.V._COMM_SCH/default.html)

In the class you will learn how to read your credit report and how to raise your credit score.

 The class is taught at Monroe Junior High in Monroe, WA, room C7.

Posted in: Home buying

Vacant Land Feasibility Process

Because of my lake-front land listing on Lake Marcel, I've been asked about what the purchase and development process looks lke for vacant land. In particular, what does it look like for a water-front property like this one?   The process can take quite a bit of time, up to several months or even a year in some cases.  This is why where the land is in the process greatly affects the price. As a rule of thumb, the closer the land is to actually being ready to build on, the more expensive it is. And, of course, what you have to do to build make a difference, also.  Land in an area where there is public water, sewer, and power already available is more expensive than the same land where you need a well, septic system, or where you have to run power lines.   Lets look at the case of property that does not have sewer or water, but has power. (Note that the Lake Marcel property I have listed has water, but not sewer.) One of the best explanations for the development process, in King or Snohomish counties, is available on the website for Amman Septic Design.   The basic process is:

  1. Get a Septic Site Feasibility Evaluation done. This is relatively painless to the pocket-book, and quick. This will tell you if a septic system can be installed and what kind can be installed.
  2. If the site perks, then you will need a Critical Areas Ordinance site-plan in King county. Hire a consultant to do this, not the county. They will work with you to find the solution that works best for you and your site.  This could be the most costly and time consuming piece of the process before building.
  3. Once you have a site-plan, then you can get your septic designed.
  4. And, about the same time you'll need to work on the plans for the well, since the placement of the well and septic system affect each other. Getting a well can be challenging also, so check out the process as described by JKA Enterprises.
  5. Once the well and septic designs are approved you are ready for:
  6. Design your home and get building permits! This will be the most expensive part of the process, but the most fun, since its the results are what you get to see and use everyday.

Where does this fit into the feasibility contingency of your Purchase and Sale Agreement?  That depends, but its pretty typical for the first 2 items to be part of the feasibility period, if they have not already been done. Who pays for this will depend on your negotiations. But, if the seller is handling it, then expect to pay more for the property.

It is possible to find property where all of the leg-work has been done. In fact, you may find property that already has a well and septic on site.  Having trouble finding vacant land like that? Check for mobile homes on land. You can probably build on the property and then remove the mobile home. Be sure to check with the county because the rules regarding development may have changed between the time the mobile was first placed on the property and now. You may not be able to build exactly where you wanted or expected to.  An experienced real estate agent can help you out and point you at good resources to work with.  

Posted in: Home buying, Real estate development

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About Us

Welcome to Tellus Realty! We’re is committed to helping you make informed and rewarding decisions whether your or looking to buy and sell real estate, or in search of a new home for your license. Tellus Realty provided a more personal, one-on-one experience. We are not affiliated with a big-box or franchise where agents and clients are viewed as a statistic or number. Our team focuses on service and quality.

Our Communities

  • Duvall, WA
  • Woodinville, WA
  • Monroe, WA
  • Carnation, WA

Contact Us

PO Box 1113 Duvall, WA 98019

Office@TellusRE.com
877-413-7325
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