Methow Valley Properties Mazama, Winthrop, Twisp, Carlton & Methow

Videos That Demystify Real Estate



Your Team


Lender
All banks are not created equal! Having the right backer can be extremely important – it is your money we’re talking about after all. Make sure that your lender and financial representative is someone with whom you feel comfortable, and be wary of any lender who promises you more than you think you can reasonably afford. Your lenders may or may not require an independent appraisal, and typically will make arrangements for the appraisal themselves.

Your Agent
A successful purchase starts with the right representative. In fact, once you’ve selected the best agent to represent you, it is likely that he or she can recommend other professionals to join your team, taking more of the responsibility off of your shoulders.

Home, Well, and Septic Inspectors
No inspection is 100% guaranteed, but a few hundred dollars to catch a major problem now is certainly better than many thousands to correct that ‘surprise’ down the road. Ask your agent for referrals.

Lawyer
Your home purchase is far too important a transaction to skimp on legal representation at the risk of leaving yourself open to costly future issues. Find a lawyer who is willing to take the time to answer your questions and who specializes in real estate law.

Contractor
Planning some renovations? You’re not the only one! Especially in an area as small as the Methow Valley, booking a contractor must sometimes be done months in advance (that’s a long time to go without a kitchen). Don’t let finding the right contractor slip through the cracks – planning ahead will almost certainly make your renovation smoother, and you contractor will appreciate the advance notice.

 


Real Estate News



Yahoo! News: Business - Real Estate
Great Wolf to offer $225M of mortgage notes (AP) 3/19/2010 3:15 PM
AP - Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017.
House GOP calls for Fannie, Freddie phase out (Reuters) 3/19/2010 2:42 PM
Reuters - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
Mom of octuplets may lose home to foreclosure (AP) 3/19/2010 1:20 PM

FILE - This Jan. 26, 2010 file phot shows an unidentified woman carrying eight balloons towards the home of Nadya Suleman on the day of the octuplets first birthday, in La Habra, Calif. Octuplets mom Nadya Suleman could be kicked out of her Southern California home. The mortgage holder Amer Haddadin says he is starting foreclosure proceedings on this $565,000 La Habra residence, according to a report Friday March 19, 2010. (AP Photo/Nick Ut, File)AP - Octuplets mom Nadya Suleman could be kicked out of her Southern California home.


Anti-Flippers Buy And Hold Cheap Homes (Investor's Business Daily) 3/18/2010 3:45 PM
Investor's Business Daily - When Paul Gabrail and two partners snag a foreclosed home on the cheap, neighbors have good reason to cheer.
America's Most Underwater Housing Markets (U.S. News & World Report) 3/18/2010 3:09 PM
U.S. News & World Report - Negative equity--what you have when you owe more on your home loan than the property is worth--is one of the defining features of the still-unfolding mortgage crisis. It's a particularly nasty problem because it can lead to all sorts of unpleasant outcomes for the real estate market and the economy as a whole. Having negative equity, which is also known as being "underwater" on a mortgage, makes homeowners more likely to end up in foreclosure. It restricts a borrower's ability to refinance or buy another home, which in turn stifles demand for housing. ...
Greenspan says Fed did not fuel the housing bubble (Reuters) 3/18/2010 11:01 AM
Reuters - Former Federal Reserve Chairman Alan Greenspan, whose legacy has been tarnished by the global financial crisis, on Thursday laid out a scholarly defense of why Fed policy did not fuel the housing bubble.
Mortgage rates still below 5 percent (AP) 3/18/2010 9:16 AM
AP - Mortgage rates held below the 5 percent threshold for the third straight week as the Federal Reserve prepares to end a program that has kept rates at or near record lows.
Fed's Bernanke sees U.S. backing Fannie, Freddie debt (Reuters) 3/17/2010 4:07 PM
Reuters - Current Fannie Mae and Freddie Mac mortgage-backed securities are likely to retain U.S. government backing should Congress create a new system for financing U.S. homes, Federal Reserve Board Chairman Ben Bernanke said on Wednesday.
CIBC wins dismissal of suit over subprime holdings (Reuters) 3/17/2010 1:57 PM
Reuters - A U.S. federal judge dismissed a shareholder lawsuit accusing Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages.
Moving target: Goal for foreclosure aid in dispute (AP) 3/17/2010 1:52 PM
AP - Last year, the message was clear. Now it is murky.
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