As a retired agent, broker/owner, and property manager my blog is a menagerie of wisdom and ramblings from my career and life in general.
ARCHIVED BLOG POSTS
Until recently investors could buy an investment property with 5% down. That disappeared recently and 10% seems to be the new current minimum down payment. Rumor is (from my mortgage insiders) that within 90 days (or less) the minimum down will be increased to 20%. This is going to seriously a...
My assistant and I know the Wenatchee real estate market... and we absolutely specialize in the $225,000 - $300,000 market. About 3 months ago, during agent tour day, we went into a new listing priced at $349,000. We politely gave the listing agent our feedback that we felt it was overpriced an...
I get quite a few follow-up inquiries from my various posts on lease-to-own type transactions. Following is one such recent inquiry, along with my responses (via e-mail):Question: I have some questions that perhaps you can help me with: a) given the condition of today's market, what percentage o...
The Mayor and other City of Wenatchee officials have learned roots (and emotions) run deep when it comes to the history and heritage of the Wenatchee apple industry. Mayor, Dennis Johnson, said the removal of the old Apple Capital sign at the entrance to Wenatchee was the biggest controversy of...
According to the OFHEO, Wenatchee is again the #1 appreciating market in the nation. Wenatchee was named #1 in the first quarter (January - March) of 2007 and now again for the second quarter (April - June). The first quarter appreciation (over 2006) was 25.6% and the second quarter appreciat...