Buying A Home

Legal Bulletin 194

June 2012 Legislative Changes

By Northwest Multiple Listing Service

May 15, 2012

1. Introduction

This bulletin summarizes amendments to the Agency Reform Act (RCW 18.86), the Seller Disclosure Act (RCW 64.06), the State Building Code (RCW 19.27), and the corresponding revisions to “The Law of Real Estate Agency” pamphlet and NWMLS forms. Please read this bulletin carefully.

2. Short Sale Legislation

a. The Law of Real Estate Agency Pamphlet

House Bill 2614 creates new law and revises existing law with regard to short sales of owner-occupied properties. Effective June 7, 2012, RCW 18.86.120 requires an additional disclosure to be made in “The Law of Real Estate Agency” pamphlet (the

As of May 14, 2012, there are currently 34 residential homes for sale, at an average price of $527,036. We have seen a decrease in housing inventory, but a slight uptick home prices since the last report, but home buyer activity seems to be strong. In addition, there are 2 short sale homes at an average price of $380,000, with 0 Bank owned homes listed. Lastly, there have been 2 new homes that have came on the market in Redmond Ridge in the last 7 days, and 27 sold homes in the last three months.

The latest housing numbers for Redmond Ridge are showing some positive signals towards price stabilization, however there is definitely a swing towards a lack of housing inventory avaialable to satisfy the number of home buyers currently looking for new

Are you looking for a new home close to the beach with a low 1.2% tax rate? Then check out Carlsbad, CA newest community, The Foothills, Located just 2 miles from Carlsbad's beautiful beaches. This new master plan community features several neighborhood parks, a gorgeous resort style community park complete with a semi Olympic pool, outdoor gas fire place, multiple barbecues , paddle tennis courts, walking paths & a yoga area. When you are not swimming in the pool or relaxing at the beach, you can always shop at the Carlsbad Outlet Mall located just over a mile from the Foothills or golf Carlsbad's newest golf course The Crossings, located 3 miles from The Foothills. Or take the kids to LEGOLAND located just 2 miles from the foothills. When complete,

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The CascadeTeam is now the ONLY Real Estate Brokerage in the United States to offer RecallChek to the public.  This program was only offered directly to inspection companies that then re-sell the product to consumers (Typically for $39.95). Through The Cascade Team however, for only $19.95 our clients, friends, family, and of course our agents can enter their home information and the automated RecallChek system will search through millions of recalled items and let the home owner know if something in their home is on the list. On average 1 out of every 10 homes has a recalled item. Then on an ongoing basis RecallChek will submit your homes information every month and alert you to any undated recalls….. Get new

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Looking for Sammamish real estate? Contact abellahomes as we are here to assist you!

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Marisa Ormando, Broker & Stan Chang, Managing Broker (Husband

The Cascade Team is now the ONLY Real Estate Brokerage in the United States to offer RecallChek to the public. Up until today, this program was only offered directly to inspection companies that then re-sell the product to consumers (Typically for $39.95). Through The Cascade Team however, for only $19.95 our clients, friends, family, and of course our agents can enter their home information and the automated RecallChek system will search through millions of recalled items and let the home owner know if something in their home is on the list. On average 1 out of every 10 homes has a recalled item. Then on an ongoing basis RecallChek will submit your homes information every month and alert you to any undated recalls….. Get new appliances? No problem.

ANOTHER TESTIMONIAL FROM OUR CLIENT AND NOW FRIEND!
In all my experiences with buying, selling and renting homes, Anne and Shane have proven to be the most knowledgeable, responsive and sincere agents. Anne and Shane seamlessly handled every aspect of the negotiation and inspection process involved in selling my home, all while meeting my needs for staging, showing and marketing. Because of Anne and Shane, my house sold in six quick days at my target price! I have already recommended Anne and Shane to several of my friends, and I will continue to do so moving forward!

Victoria McKeever

  Shane and Anne    206.915.SOLD   (7653)

 MLS® #348357
$294,888
2 Bedrooms, 2.50 Bathrooms
Issaquah, Wa

Stunning Townhome In Highly Sought After Ascent At Talus W/attached 2 Car Tandem Garage. Kitchen Has Updated Appliances, Alde...

Listing courtesy of The Cascade Team

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• Search Homes Right Now: Use the search tool to browse the wide variety of single-family homes, condominiums, and all real estate for sale in your local Seattle or San Diego market.

• Register for the Home Finder and let your dream home come to you. Members can also create saved searches, collect their favorites and sign up for instant email alerts when new homes that fit their criteria come on the market.

• First-Time Buyer? Read about some things you need to be aware of, if you're new to this process.   Be sure to educate yourself about changes in the local real estate market.

• Learn About the Community and homes in the surrounding area before you invest or purchase. Refer to the Community & School Reports