North Sound Property News

So many books and articles have been written about the various ways to make money off of doing fixer flips that adding another to the pile hardly seems necessary.  However, few articles talk about the potential downsides of this investment strategy.  And with the market currently going through a period of correction, some people see opportunity […]

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I received the following email from one of the lenders I work with yesterday morning:
As you may be aware, our industry has taken some big hits in the last week or so.  Many lenders and investment companies are taking a look at their portfolios and loan programs.  Some companies have ceased business altogether and others are […]

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July is in the rearview and it’s time to report on what happened in the local real estate market last month.  This week, I’ll report on Mukilteo (98275 zip code).
Active Listings
(Listing count includes ALL listings currently on the market)
Listing Count: 101
Average Time on Market: 89 days
Median List Price: $648,800
Average $ Per Square Foot: $272
There were 52 new listings in […]

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The news in real estate this week is the implosion of the lending market, with American Home Mortgage and now Novastar forced to shut down on margin calls.  Of the two, the decision by AHM to close is the more surprising, because unlike many of the other lenders that have been affected by this spring […]

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I have had an interesting week, working with a investor buyer who is trying to acquire a property that is in the foreclosure process. We weren’t able to get the seller to bite on my buyer’s bid, but nevertheless, it’s been a very interesting few days.
When I very first got into real estate, I met […]

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