Homes For Sale

In August, 7 homes sold in the Cashmere area.

107 Lincoln Street, Cashmere

List price: $99,510.  Sold price: $101,199.

Days on Market:62

2 bedrooms | 1 bath | 942 sqft | .08 acres

Cute cottage on a quiet one way street in Cashmere.  This home was bank owned.  It had been listed a few times in the past couple of years starting in 2007 with an asking price of $187,000.

100 Oak Street, Cashmere

List price: $154,900.  Sold price: $134,900.

Days on Market:138

3 bedrooms | 1 bath | 1120 sqft | .22 acres

Rambler in a neighborhood off Mission Creek.  This house was originally listed for $162,900 and was a foreclosure.

105 Perry Street, Cashmere

List price: $156,900.  Sold price: $145,000.

Days on Market:158

2 bedrooms | 1.5 bath | 1696 sqft | .09 acres

Classic 1920s home on a small lot in downtown Cashmere.

300 Pioneer Avenue, Cashmere

List price: $219,900.  Sold price: $202,000.

Days on Market: 323

4 bedrooms | 2 bath | 2372 sqft | .27 acres

This 1910s home has a full basement with lots of bedrooms and nice yard.  The home had an additional kitchen in the basement.

5755 Evergreen Drive, Cashmere

List price: $295,000.  Sold price: $280,000.

Days on Market:82

3 bedrooms | 3 bath | 2812 sqft | 1.32 acres

This large home on the edge of town has a nice view and large yard.  Main floor had nice updates and the lower level could be used as a separate apartment.  The home was previously on the market in in 2009 with an asking price of $374,000.

408 Division Street, Cashmere

List price: $329,000.  Sold price: $299,000.

Days on Market: 135

4 bedrooms | 2.5 bath | 3707 sqft | .33 acres

A 1950s rambler with a large basement, this home has an awesome view of the mountains.  The house had many updates including new roof and kitchen and beautiful wood floors.

5211 Majeska Lane, Cashmere

List price: $450,000.  Sold price: $330,740.

Days on Market:150

3 bedrooms | 3 bath | 6032 sqft | 1.40 acres

A large newer construction home across the highway from Anjou Bakery.  This home was a foreclosure and had been on the market with the previous owner in 2008/2009 for a list price of $699,000.

WASHINGTON When you spent $2,000 to $3,000 to buy title insurance and closing services on your home purchase or refinance, did you really know where your money was going?

Did you shop for competing prices? Or did you end up using the title, escrow agency or lawyer your realty agent or loan officer recommended?

Consumers’ answers to these questions involve billions of dollars a year $10 billion in title insurance premiums alone in 2010. Yet buyers and refinancers often don’t shop for the most expensive item on their settlement sheets. They don’t know how little of their premiums are actually paying for an insurance policy, and they’re in the dark about who ends up with their money. These are not idle opinions; they’re among the findings by the Government Accountability Office in a critical study of the industry and its practices.

But now, in fits and starts, the landscape appears to be changing.

Full article…

The Ray White Group were the first national group to become members of the Trade Me Property website in 2005 and are proud to announce the further extension to their agreement with Trade Me, which will take the Group’s membership beyond 10 years.

Trade Me is the leading website in New Zealand, with almost one in three web users visiting the site on a consistent basis. The property site has grown to be the leader in the market, displaying the majority of the industries web content.

Since joining, Ray White has been the number one supplier of property to Trade Me and with the extension of their agreement the total network will continue to supply every listing on behalf of our vendors and our members also have the opportunity to place all rental properties on Trade Me Rentals.

Brendan Skipper, Head of Trade Me Property, said “Ray White re commitment of their total membership to their site was a clear endorsement of Trade Me’s position in online property marketing. We be

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Avoiding foreclosure through a short sale can have significant benefits for a person’s future financial stability,” said Marc Cormier, a Real Estate Consultant and Certified Distressed Property Expert, Divorce Real Estate Specialist and Seniors Real Estate Specialist. “A successful short sale can reduce the damage to one’s future loan eligibility, credit rating, employment, security clearance and more—and it’s important to work with a competent team.”

According to global ratings agency Fitch Inc. and Managing Director Diane Pendley industry experts are expecting to witness more short sales and fewer foreclosures in 2011, an encouraging sign for homeowners in the D.C. Metro, northern Virginia and Maryland regions as well as those seeking alternatives to foreclosure. A short sale,

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In the past 30 days, I’ve encountered 3 new clients who’ve been “informally” advised by their mortgage lenders to file bankruptcy to cope with their unsecured debt PRIOR to completing a mortgage modification.
Lenders, in addition to the 31% rule (previously discussed in a different post), now appear to be taking a closer look at a homeowner’s total debt ratio – also identified inside the banking enterprise as the “back end number.”.

In the cases I have encountered thus far, every client had a total debt ratio (mortgage payments, auto payments and credit card minimum payments) of nicely in excess of 50% of their monthly gross incomes. It’s my understanding that lenders may well now not look at a homeowner for a modification unless their total debt ratio is much less than 40% of their gross monthly income. For lots of homeowners, bankruptcy may now be the very best option to remove credit card debt Ahead of applying for a mortgage modification. Full article…