HomeFinders Weekend Sept 7-9, 2012

Page 1

homes.wenatcheeworld.com

North Central Washington

Homefinder’s WEEKEND

WEEK OF SEPT. 8TH

People & Places Welcome... Pamela Cooke has joined Laura Mounter Real Estate & Co. as a Broker/Realtor. She and her husband also own a local general construction company, BOA Construction.

You Should Know Before Buying a Home Author: Diane Greene

1.

Before you start looking for a home, get pre-qualified for a loan. Banks, credit unions, and mortgage bankers make home loans; mortgage brokers process loans through a variety of lenders. The lenders will take an application, process the loan documents, and see the loan through to the funding stage.

2.

If you have marginal or bad credit, consult your lender. You may be able to qualify for a loan depending on how long ago and what reason(s) caused the bad credit.

3.

You will need a down-payment. Down-payment requirements vary depending on the type of loan. Many down-payment assistance programs exist. These programs may loan or grant you the funds necessary for the down-payment. Consult with a lender about programs available in your area.

4.

You will need funds for closing costs. Closing costs are charges for services related to the closing of your real estate transaction. They include, but are not limited to: Escrow fees, title policy issuance fees, mortgage insurance fees, fire, flood, and homeowners insurance, county recorder fees, & loan origination fees. Consult your lender for an actual estimate of these costs.

5.

Some loans have “points” and some do not. A point is a loan origination fee equivalent to 1% of the loan amount. Together with the interest rate, they constitute the yield on your loan for the lender.

Rhett Crow, Managing Broker, sells real estate with a 100% commitment to his clients. Rhett is currently one of the Top Producing Brokers in the entire Lake Chelan MLS.

6.

Mortgage rates can be fixed or adjustable. Which one is right for you depends on whether mortgage rates are at a high or a low point when you purchase, and on how long you plan to live in the home.

Rhett has earned the prestigious Coldwell Banker award as a member of the International President’s Circle, putting him in the Top 2% of sales brokers in the world. And is now in the Elite group of Coldwell Banker Previews Certiied Agents, which specialize in listing and selling luxury real estate.

7.

There are two main types of loan categories. Conventional Loans. Conventional mortgage loans are available with fixed or adjustable interest rates. Government Loans. These include FHA fixed and adjustable rate mortgage loans, and VA fixed rate mortgage loans.

Rhett prides himself in being extremely knowledgeable of the Chelan inventory and market, with a great grasp on property values all over the area.

8.

If you are a low-to-moderate-income homebuyer, there are special programs designed to help you. These loans are available through private lenders, as well as local and state housing agencies.

9.

You may have to pay mortgage insurance. Mortgage insurance protects the lender from potential loss if you should default on your mortgage loan payment. Mortgage insurance is always required on FHA mortgage loans.

10.

Many organizations offer home loan counseling to prospective homebuyers. They will cover home selection, realtor services, lenders, loan programs, homeownership responsibilities, saving for a downpayment, and other important pieces of information.

RESERVE YOUR SPACE TODAY! Contact: Tom

Realtor’s Corner 10 Things

Nees

Pamela Cooke

509-860-2091 nees@wenatcheeworld.com

Talk To Tom About OPEN HOUSES AGENT FINDER FEATURED LISTINGS REALTOR SPOTLIGHT REALTOR’S CORNER

Congratulations to RHETT CROW, for being COLDWELL BANKER LCP’s Top Sales Agent for the Month of August! 101 E. Woodin Ave Chelan, WA 509.682.7777

Top Sales Agent

If you are thinking of selling or buying in the Lake Chelan Valley.... Contact Rhett Crow for all your Real Estate needs: 509.714.7118 | www.RhettCrow.com | Rhett@RhettCrow.com

AUGUST

www.coldwellbankerchelan.com

Top 2% Internationally of ALL BROKERS - Coldwell Banker 2010, 2011

Monthly home sales in the Wenatchee area Year to date totals Jul. 2012 = 544 Jul. 2011 = 431

Average sales price YTD Jul. 2012 = $242,847 Jul. 2011 = $246,832

Median* sales price YTD Jul. 2012 = $207,750 Jul. 2011 = $213,000

* Median price denotes that half of the houses were priced greater than the median price, half were lower

100

1 S. Chelan St., Wenatchee •

80

Dollar volume homes sold YTD

60

$150,000,000 $120,000,000

40

$90,000,000 $60,000,000 $30,000,000 $0

JUL 2010

JUL 2011

20

JUL 2012

Source: Pacific Appraisal Associates

’10 ’11 ’12

’10 ’11 ’12

’10 ’11 ’12

’10 ’11 ’12

’10 ’11 ’12

’10 ’11 ’12

FEB

MAR

APR

MAY

JUN

JUL

0

(Figures include home and condo sales)

Coldwell Banker LaVigne

Featured

Agents

1 S.1 Chelan St., Wenatchee • 509-888-8887 S. Chelan St., Wenatchee • 888-8887

Cynthia Huffer • 679-5675 • ColdwellBankerLaVigne.com ”

People are “Our Business”

741-2548 Cell Office: (509) 888-3950

gary@premierone.biz Cell 509-679-4132 garymullenrealestate.com

Bringing Buyers & Sellers Together Anne Conway Broker Associate

R E A L E S TAT E

885-0845 Connect to johnlscott.com/wenatcheeofice • 662-4772 • 1201 N. Wenatchee Ave. This Office independently Owned & Operated

My Real Estate business is going to the dogs! (and cats too) I donate a portion of my commissions to the Wenatchee Valley Humane Society.

Jerry Paine

heidi@premierone.biz

Over 21 Years of Real Estate expertise partnered with the National Exposure of !

Melissa Kiser 509.668.8800 Melissa@MelissaKiser.com

Windermere Real Estate/NCW

Search Every Wenatchee Real Estate Listing at www.NCWhomes.com

www.wenatcheepremierhomes.com Stephen Office: 662-3491 Bishop fax: 664-3897

679-7004

509-860-7696 • ncwrealestate.com Call me for all your real estate needs.

~ Buying or selling...together we can unlock your dreams! ~ ~17 years marketing & ~ Buying or selling...together w ~ new construction experience

Sharon Moreland

670-0075


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