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Friday, 18 July 2008
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King County Foreclosures Increase 64 Percent in August 2007 PDF Print E-mail

Default Research is reporting that King County foreclosure filings are up 64 percent in August 2007 from the same time last year.  

According to Default Research , King County led the state with 341 foreclosure filings.  This is up 218 from August 2006.  The two counties following King were Pierce and Snohomish with 300 and 132 foreclosures respectively.     

“The effects of the sub-prime and adjustable-rate mortgages can be seen in Washington State, and more specifically the Seattle area,” said Serdar Bankaci, President/CEO of Default Research.  “Couple that with a slow down in the housing market and those are your two main culprits for the increasing foreclosure rates in King, Pierce and Snohomish counties.”    

“Washington State as a whole is faring much better than several other states, such as California and Michigan.  Down the West coast, Los Angeles County in California has foreclosure numbers 13 times higher than that of King County, and the Detroit area in the hard hit Midwest has six times the foreclosure filings of the Seattle area.”       

 
For Sale By Owners / FSBOs Love $500 Flat Fee Listings PDF Print E-mail

So you've decided you want to sell your own house or condo?  Think you'll save a lot of money in commissions?  But can you be sure you are getting the best price for your property if it is not listed on the local multiple listing service?

I sold my first house using a 8.5"x11" "For Sale By Owner" sign in a front window after one day.  I regretted it ever since.  I had seller's remorse and left closing knowing I should have had a lot more money in my pocket.  Since that day, I have refused to ever sell any type of property without having it first listed on the MLS.

Listing your property on the local MLS with AAA Properties allows your property to be viewed by thousands of local real estate professionals who are now able to show your property to their prospective buyers.  

Your property will also show up on hundreds of real estate websites, including top ranked sites like Realtor.com where buyers can find you without the help of an agent and potentially save you from having to pay a sales commission to a buyer's broker.

And You Can Still Save THOUSANDS in Commissions by Selling Your Own Property 

Assuming traditional commissions of 3% for the listing broker and 3% for the selling broker and the sale of a $500k house,

You would save over $14,000 in commissions if purchased by a buyer with an agent!

You would save over $29,000 in commissions if purchased by a buyer without an agent!

Keep us in mind when want to sell your house or condo.  Remember - the choice is yours.

$500 Flat Fee Listing with AAA Properties is the right call.
425-455-5478 or 800-441-LIST

 
Flat Fee Listing is Perfect for Investors Wanting to Conserve Equity PDF Print E-mail

$500 Flat Fee Listing with AAA Properties is a perfect tool for the real estate investor who wants to conserve equity from the sale of their properties.  Most investors have bought and sold many properties and are more than comfortable selling their own properties - but in today's market to get top value, that property MUST be listed on your local multiple listing service (MLS).

Listing your property on the local MLS with AAA Properties allows your property to be viewed by thousands of local real estate professionals who are now able to show your property to their prospective buyers.  

Your property will also show up on hundreds of real estate websites, including top ranked sites like Realtor.com where buyers can find you without the help of an agent and potentially save you from having to pay a sales commission to a buyer's broker.

Assuming traditional commissions of 3% for the listing broker and 3% for the selling broker and the sale of a $500k house,

You would save over $14,000 in commissions if purchased by a buyer with an agent!

You would save over $29,000 in commissions if purchased by a buyer without an agent!

Keep us in mind when going to sell your properties.  $500 Flat Fee Listing with AAA Properties is the right call.
425-455-5478 or 800-441-LIST

If you are an investor interested in purchasing real estate, we do come across some real deals from time to time.  We cannot take advantage of all the bargains that come our way and from time to time work to match investors with properties.  If you are looking for a particular type of property, please let us know , we'll keep an eye out - if we don't already have one for you! 

 
How to Flat Fee List with AAA - 5 Easy Steps PDF Print E-mail

1. Go to forms page, print the Listing Instruction Sheet and read.

2. Also on forms page, print the correct Listing Input Sheet for your property type, the Listing Agreement and the Addendum to Listing Agreement

3. Carefully read, fill out, review and sign all paperwork.  Must be signed by all legal owners.

4. Fax paperwork to 425-458-5710

5. Call 425-455-5478 or 800-441-LIST to schedule an appointment to take your listing photos, and drop off a sign and lockbox.

IT'S THAT EASY!  Soon thousands of area real estate professionals and their home buyers will have access to the information needed to get your property sold! 

 
Current Action on NWMLS PDF Print E-mail

In the past 24 hours there have been 630 new listings added to the Northwest Multiple Listing Service (NWMLS).  This is the database that thousands of local agents and brokers use to search for homes for their prospective buyers. 

There were 65 homes put back on the market with 85 price increases, compared to 673 price reductions.  21 properties are now listed as contingent, usually waiting for the buyer to sell their own home and/or obtain financing. 265 properties were newly listed as pending and 276 sales closed.

There's a lot of activity on the market, but noting all the new listings and price reductions, it looks to be turning into more of a buyers marekt.  The question is how many of the price reductions are actually enough to get them sold?

If you are thinking about selling your home, it is very important that it is listed on your local mulitple listing service (MLS).  This helps ensure exposure to all the potential buyers out there.  Whether you choose to use a full service broker to list your home, or you choose to save thousands in important equity by using a $500 Flat Fee Listing with AAA Properties - do get your home listed on the MLS.

 
Seller Makes His Agent's Commission Bigger By Not Listening PDF Print E-mail

I'm watching an episode of Buy Me on HGTV where the sellers agent recommended they take an offer of $330k and the seller refused, made two counters and got $345k.  The agent actually made more money by giving bad advice.

On top of that, she came back after inspections and recommended that they give $9k in concessions, they refused and the buyer paid the price anyway.

I cannot believe that most agents are like that at all, but I do think that sellers in certain situations are sometimes able to negotiate a better deal than anyone else.  It's one of the reasons there are a lot of people that like the $500 Flat Fee program from AAA Properties.

 

 

 
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