Edgewood, WA Real Estate Blog

Musings, Resources, and Other Ramblings about real estate and home sales from the Real Estate Broker in Edgewood, Washington

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Entries from October 2007

The WA State Property Disclosure Form Provided Is Out of Date. Now What?

Lee Mason, The Masters Realty Group LLC October 23rd, 2007 by Lee Mason, The Masters Realty Group LLC ;
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I’m representing a buyer on a transaction.  The seller’s agent dutifully delivered a copy of the required property disclosure form. But it’s not the current form. Now what?
Since the WA state legislature specifies the exact form of the property disclosure (commonly known in NWMLS land as the form 17), the clock on the [...]

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Tags: Contracts · Disclosure

A New Addition to the Edgewood Family Farm

Lee Mason, The Masters Realty Group LLC October 23rd, 2007 by Lee Mason, The Masters Realty Group LLC ;
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I brought home a new addition yesterday. A very, very strong 5 day old bull calf. He’ll be a steer soon, before he gets any stronger. We’ll be bottle feeding for 3 months or so… morning and night.

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Tags: Edgewood

Another Winning Recipe from the 2007 Puyallup Fair Salsa Showdown

Lee Mason, The Masters Realty Group LLC October 21st, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Here’s the third place winner from Donna Succo of Onalaska:
3rd Place – Peach Salsa

4 cups peeled, pitted & chopped peaches
1.2 cup chopped onion
1/2 cup chopped red pepper
4 jalapeños, minced
3 cloves minced garlic
1/2 tsp cinnamon
1/2 tsp ground cumin
1 tsp lime zest
1/4 cup sugar
2 tbsp fruit pectin
1/2 cup sugar
1 tsp lime juice

In a large saucepan [...]

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Tags: Puyallup · Recipes

Real Estate Negotiations Part 1: Considering Impacts of the Rule of Reciprocity

Lee Mason, The Masters Realty Group LLC October 17th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Notwithstanding their role in marketing, if you look below the surface, you’ll find the principles described by Cialdini ubiquitously at work in everyday residential real estate negotiations. Thoroughly understanding their impact can readily ratchet up your success at the bargaining table. In addition, you’ll benefit by learning to write better advertising copy.

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Tags: Negotiating · Real Estate

Federal Way Condo Market Statistics – September 2007

Lee Mason, The Masters Realty Group LLC October 16th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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As part of my review of the Federal Way Condo market activity for a buyer client I compiled the following recent statistics. The data is for NWMLS area 110 which includes King County roughly west of I-5.
As you can see, new listings continue to come onto the market as the number of sales [...]

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Tags: Condominiums · Federal Way · Real Estate

Home Inspection a Must for New Home Purchase

Lee Mason, The Masters Realty Group LLC October 9th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Phil over at the Boise Real Estate Blog posted further evidence of why a home inspection, even for a new home is necessary.
As I’ve mentioned before, this is even more of a requirement in todays market for the reasons posted here.

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Tags: Buyers · Home inspection · Real Estate

Updated Residential Real Estate Statistics for Edgewood and Surrounding Cities, September 2007

Lee Mason, The Masters Realty Group LLC October 8th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Statistics for August for Edgewood and surrounding cities have just been updated.

Number of Active listings: King & Pierce County WA

Number of Active listings: Edgewood, Milton, Sumner, NE Tacoma, & Federal Way WA

Number of Sold listings: King & Pierce Count, WA
Number of Sold listings: Edgewood, Milton, Sumner, NE Tacoma & Federal Way WA

Average days on market: [...]

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Tags: Edgewood · Federal Way · Fife · Milton · NE Tacoma · Puyallup · Real Estate · Sumner

Troubling Pitfalls in Real Estate Financing Contingencies

Lee Mason, The Masters Realty Group LLC October 5th, 2007 by Lee Mason, The Masters Realty Group LLC ;
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Update:  The issue discussed in the following post will be rendered moot with new forms to be published October 15, 2007.
I made the follow comment to a post made by Jason Mook: Switching Boats Mid Stream.
This issue concerns the typical financing contingency found in most real estate contracts. In essence, the financing contingency says [...]

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Tags: Buyers · Contracts · Lending · Real Estate · Sellers