All Forum Posts by: Viktor R.

Assignment of Contract available in Graham/ Puyallup

PROPERTY INFORMATION

1. Address: 21703 94th Ave Ct E, Graham, WA
2. Bedrooms: 3
3. Bathrooms: 3
4. Square Feet: 2,056
5. Year Built:1995
6. Stories: 2

PICTURES

https://drive.google.com/open?id=0B5oX0wAmX4niTnF6...

AFTER REPAIRED VALUE

$295,000- $310,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$46,000- $51,000

PURCHASE PRICE AT

$184,995

The property needs to be updated since it was built in 1975 and there haven't been recent updates. The bones are fine but the house needs modern updates since most of the house is outdated. The deal is available as assignment of contract.

PROPERTY INFORMATION

1. Address: 1125 212th Ave NE, Sammamish, WA
2. Bedrooms: 3
3. Bathrooms: 2
4. Square Feet: 2,200
5. Year Built: 1975
6. Stories: Two/ split entry
7. Link:

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

After Repaired Value $680,000- $700,000

• 810 211th Wy NE $685,000
• 1343 222nd Pl NE $700,000
• 22119 NE 9th Pl $675,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$38,000 - $56,000

PROFIT POTENTIAL

$45,000- $56,000

PURCHASE PRICE STARTING AT

$499,995

All information is provided for educational purposes. Buyer to verify and complete their own due diligence which is HIGHLY encouraged. 

As a home buyer in Washington, and a real estate expert in Seattle, Spokane, Tacoma, and Everett, we often get asked by our friends and colleagues whether to rent or to buy. Our simple answer is “buy a house” and become a homeowner.  

To Buy or To Rent? Which will you choose? Let us make a review in details, get the costs and weigh the advantage and disadvantage of owning and renting a house.

According to  CNBC, it sat at 63.4% in the second quarter of 2015, the lowest level since the mid-1960s. This decline is largely due to economic and demographic factors, such as the downsizing efforts of aging Baby Boomers, elevated housing prices in some high-population markets, and high student debt loads that prevent many younger buyers from saving enough to make down payments.

The upfront cost of buying a house is the most significant factor guiding the decision whether to buy or rent. An article from  moneycrashers.com on buying or renting a place to live helps us examine the decision.

Advantages and Disadvantages of owning and renting a house

Find our analysis at the end of the article in this link.

Being a house buyer in Washington, and focusing on Tacoma, Everett, Spokane and Seattle, a compilation of a list of questions is created to help a home seller decides, which option is the best. Whether he/she will hire an agent to list the house or go directly to a real estate investor.

1. How much stress can you tolerate when selling a house?

2. How soon do you need to sell the house?

3. How experienced is the investor you are selling to?

4. How experienced is the real estate agent?

5. What steps should I take to prepare my home for sale?

6. How do I determine how much my home is worth?

7. Why isn’t anyone looking at my home?

8. If I change my mind and don’t want to sell my house, do I still owe a commission to the agent?

9. How long will it take to sell my home?

10. Should I price my home higher than the assessed value?

11. Should I let the buyers move in before closing?

You can find the answers to these questions in this link.

As an investor, we are dealing with different problems in making a contract done. Today, I would like to share with you the problems the home seller normally encounters during the selling process. 

The challenge in the real estate business is knowing the rules, the processes, and the right people. We work in the cities of Tacoma, Spokane, Seattle and Everett, and have helped homeowners overcome problems such as foreclosure, difficult tenants, tax liens, probate, run down properties, etc. We can help you at  iwillbuyhouse.com!

Listed below are the headaches of home sellers.

1. Price disagreement with the real estate agent.

2. Commission disagreement with the real estate agent.

3. Most sellers aren’t negotiation experts. They may bring expectations and anxiety that make everyone’s experience more difficult.

4. Getting The Home Ready To Sell

5. Maintaining the house in a “show ready” state

6. Unrealistic Home Buyers

7. Closing The Deal

We already have the headaches, now, here are the recommendations on how to deal with the above-mentioned headaches in order to bypass them and move straight to closing the deal.

 Great Equity at the Purchase Price

The house is in move in ready condition and does not need major repairs. Currently occupied but tenants will move out shortly. Turn this property into a rental or a quick clean out and flip. This property is available as an assignment of contract.

PROPERTY INFORMATION

1. Address: 2018 E Hartson Ave, Spokane, WA 99202
2. Bedrooms: 2
3. Bathrooms: 1
4. Square Feet: 1,550
5. Year Built: 1903/ 1960
6. Stories: 1

PICTURES

https://drive.google.com/drive/folders/0B5oX0wAmX4...

COMPARABLES

Property valued at $108,000

1. 2524 E Hartson Ave, Spokane WA 99202 3/1 3/17/17 $99,000
2. 2303 E 6th Ave, Spokane, WA 99202 2/1 1,501 4/4/17 $120,00
3. 2307 E 4th Ave, Spokane, WA 99202 2/1 2,088 for sale $96,500
4. 1012 S Woodfern St, Spokane, WA 1,481 3/1.5 3/3/17 $155,000- only showing to demonstrate property will not comp above this value

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$0- $1,500

PURCHASE PRICE STARTING AT

$86,999

Rental Estimate

$875/ month

EQUITY AT PURCHASE PRICE

$23,000

@Andrew Tran , please see my email. Thank you.

Fixer In Roy

This property is need of a serious rehab. The condition is very rough and scope of work is long. With the right rehabber, the potential is there. The assessor has the property valued at $151,700 and there is potential to build or rehab. 

PROPERTY INFORMATION

1. Address: 2505 304th St E, Roy, WA 98580
2. Bedrooms: 1 (potential to 3)
3. Bathrooms: 0.75 (potential to 2)
4. Square Feet: 1,492
5. Year Built: 1966
6. Stories: 2
7. Link: https://www.pellego.com/proformas/property/29172?u...

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

• See link above

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$36,855 to $46,554

PURCHASE PRICE STARTING AT

$104,995

Fixer in Tacoma

The house really needs a rehabber that knows what they are doing. There is foundation issues as the floor slants to one side. There are current tenants in the house. Property available as an assignment of contract.

PROPERTY INFORMATION

1. Address: 1782 S 44th St, Tacoma, WA
2. Bedrooms: 4
3. Bathrooms: 1
4. Square Feet: 1,100
5. Year Built: 1957
6. Stories: 1
7. Link: https://www.pellego.com/proformas/property/244768?...

PICTURES

https://drive.google.com/drive/folders/0B3Pyzcv-B-...

COMPARABLES

• ARV $211,000
• *Best*4920 S SHERIDAN AVE , TACOMA 98408 3/1 1,056 sq.ft $215,500**
• 1772 S 44TH ST , TACOMA 98418 3/1 948 sq.ft $230,000
• 4612 S M ST , TACOMA 98408 3/1 1,373 sq.ft $219,000
• 1521 S 51ST ST , TACOMA 98408 3/1 1,206 sq.ft $190,000
• 4306 S L ST , TACOMA 98418 3/1 1,260 sq.ft $208,000

REHAB ESTIMATE

(Buyer to complete their own due diligence)

$42,000- $49,000

PURCHASE PRICE STARTING AT

$116,000

@Geoff Andrist glad to help! It's important to know the microeconomics of the real estate market because that is a key ingredient of the housing market. If you are investing in the north end, check out this article about commercial flights coming to Paine Field in Everett. This will have a direct impact on the economy there. The article is from Seattle Times .