All Forum Posts by: Viktor R.

The house is a turn key property, just clean the carpet or a very easy "lipstick" flip. Practically new house, built in 2010. The house comes with very nice appliances. This house is available as an assignment of contract.

PROPERTY INFORMATION

Address: 7712 87th Ave NE, Marysville 98270
Bedrooms: 4
Bathrooms: 2.5
Square Feet: 2,233
Year Built: 2010
Stories: 2
Garage: 2 cars
Link: https://www.pellego.com/proformas/property/2617720...

PICTURES

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

COMPARABLES

ARV $364,167
7818 86TH DR NE , MARYSVILLE 98270 $ 340,000 May 2016
7807 86TH DR NE , MARYSVILLE 98270 $ 325,000 Jun 2016
7614 87TH AVE NE , MARYSVILLE 98270 $ 340,000 May 2016

PURCHASE PRICE STARTING AT

$285,000

ESTIMATED AS-IS VALUE

$340,000

ESTIMATED EQUITY AT PURCHASE

$55,000

RENT ESTIMATE

$2,188 based on rentometer.com https://www.rentometer.com/results/WU5L2NIxwf4

1 Vote

I would like to share with you what is happening in the major Washington markets that we focus on namely, Everett, Seattle, Tacoma and Spokane.

Coastal recreation and city life is now offered in Everett.

-Heraldnet posted an article regarding “Everett offers access to coastal recreation, city life” dated May 12, 2017, that summarizes the life its people enjoy. The publication says Everett is perfectly positioned, which makes it a fantastic central location for a variety of activities and amenities just North of Seattle.

Tacoma’s Tent Cities Coming Soon.

-In Matt Driscoll post from The News Tribune, features Tacoma Mayor Marilyn Strickland and deputy fire chief Tory Green’s project for temporary solutions to Tacoma’s homelessness crisis. The project aims to form a response plan. These involve temporary “transitional centers” spread throughout the city, though details are still in discussion, Strickland’s goal is to make them cleaner and more orderly than what some might associate with centers akin to tent cities.

Spokane Transit Authority plans $10.8 million complex.

-In a post from Spokane Journal, Spokane Transit Authority has started planning for the construction of a $10.8 million transit vehicle storage building, parking lot, and fuel storage facility, to be located just northwest of its headquarters in west central Spokane.

How long can record-breaking house prices last?

-Seattle Times is asking readers “How long can record-breaking house prices last?” The article’s main question is “Is the Seattle area destined to have permanent high housing prices like many other West Coast cities? Or are we headed for trouble? Please vote.”

Looks like the latest news from our top real estate markets (Everett, Seattle, Spokane, Tacoma) is positive and suggesting further price growth and increased activity.

2 Votes

Michael and Crystal, thank you for your recommendations! Do Plymouth and Guarantee ensure transactions nationally? I am searching for a title company to ensure transactions in Washington State.

0 Votes

Hi Autumn, do you have a specific Title Insurance officer in mind who you would recommend? My understanding is that title insurance officers have lots of leeway in deciding which transactions to insure.

0 Votes

Hi John, you are correct that most loans have a clause, which allows the lender to call the loan. However, from speaking with other investors who have done "subject to" transactions the probability of a lender calling a performing loan is very low.

1 Vote

During the last 2+ years, we've worked with Chicago Title and Escrow. We've worked with multiple Title officers in several different offices (Bellevue, Everett, and Tacoma). We were never completely satisfied with the level of service that we received; however, on several recent transactions, the service was really poor and we felt like our business was not valued. Therefore, we are looking for a smaller investor friendly Title and Escrow company (can be just a Title Insurance company). It would be a bonus if the company had experience ensuring "subject to existing loan" transactions. I would love to have your recommendations, thank you BP community!

0 Votes

Hi Michael,

Sorry the house is no longer available.

0 Votes

Building on the list of Title Insurance Companies in Washington and Long List of Home Insurance Companies in Washington State from my previous post, I now created a list of Local Washington Based Home Lenders that can be the key to buying your next house.

If you are looking to sell your house in different areas in Washington including Seattle, Everett, Tacoma, Spokane, or elsewhere within the state and purchase a different house, it’s important to work with a lender who has fast turnaround times. Otherwise, your offer may be filtered out simply because your lender is too slow.

Let's go into the list.

Absolute Loans

(253) 859-2300