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Carol Williams, Wenatchee real estate agent
Carol Williams blogs about, and shares her knowledge and opinions of, all things relating to Wenatchee Washington Real Estate

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Wenatchee and the Government Bailout

Here is a link to one of the more interesting dialogues I've read on the Government bailout.  


At the end of the article Mr. Ansley gives his observations about current real estate and financing conditions in Wenatchee. 

Pray for us all!


                                                






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Current Wenatchee real estate news, info, and trends
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Posted on Saturday, September 27, 2008 at 07:31PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Planning to Sell? Get A C.L.U.E.

As a homeowner, it's likely that you already know too many claims against your homeowners insurance can cause your premiums to go up, and in some cases, your insurer may even drop your account.

What you may not know is that insurance claims can also affect your ability to refinance or sell your home because the value has been damaged, or your insurance history has made it difficult for new owners to obtain insurance of their own.

How could this happen? It's because of a database called CLUE - the Comprehensive Loss Underwriting Exchange – which is an industry-wide aggregation of insurance claim data.

While insurers have often used this information to set rates in different regions of the United States, in recent years, a CLUE Home Sellers Disclosure Report has come into being as a tool for realtors to use when presenting properties to prospective buyers. These reports provide a five-year insurance loss history for the specified address, but do not reveal any private or personal details about the property owner.

From a seller's point of view, then, CLUE reports are a double edged sword. If you've never filed an insurance claim, such a report could give your home an edge – making buyers feel more comfortable about presenting an offer. On the other hand, if you've had claims, it may cost you a sale, or at least force you to lower your asking price.

While you can't do anything about claims that previous owners may have filed, there are a few steps you can take to keep your property looking better in a buyer's market:

· Maintenance Matters : Keeping your roof, plumbing, and paint in good shape can all help protect your home from water-related damage, and you should also be certain to check the hoses on your washer and dishwasher, and also be sure to keep your dryer ducts clear (this latter has nothing to do with water, but can do much for preventing house fires).

· Raise Your Deductible: A higher deductible will reduce your premium, but it will also force you to pay for smaller repairs and expenses out of your pocket, thus avoiding claims or damage reports being sent to your insurer.

· Consider Before Claiming: Especially if you plan to sell your home in a few years, you should consider paying for water-related damage, and other repairs, directly rather than risk your home being branded "high risk." As well, don't even report damage to your insurer if a claim won't be made, because even unclaimed damage can be passed on to CLUE.

· Get a Home Warranty: If you don't already have one, consider investing in one today. Home warranty information is not generally passed to CLUE, and will help pay for any small repairs with appliances or internal plumbing, as well as pool equipment.

· Get a CLUE Report: You're entitled to a free copy of the CLUE report for your home once a year. If selling is in the near future, it's in your best interest to know what the report will say.

· Get a Report of Your Homeowners Insurance Company: It can be helpful to know the financial strength of your homeowners insurance underwriter. An additional service made available by homeowners insurance ratings is to explain relevant complaints issued against insurers.

While the real estate market across the country is in a state of flux, one thing that never changes is that having more information is better than having less, whether you're a buyer or a seller. Don't risk having your home affected by insurance information – Get a CLUE.
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FREE Search of the entire Wenatchee MLS
Current Wenatchee Condo news, info and trends


Have a great week-end,

Posted on Thursday, September 18, 2008 at 10:15PM by Registered CommenterCarol Williams in | Comments1 Comment

Wenatchee Condo Info


                          
On my Wenatchee Condo blog, I've posted the current Wenatchee condo inventory and sales info.


With the proliferation of new condos being built, there are a lot of options for condo buyers to consider.  The majority of demand is for condos in the $200,000 and under price range and we do have a good inventory of those available as well.


We have condos available for primary residences, second homes and vacation rentals. 


Information changes constantly, so for the most up to date info please contact the
   Willinger Real Estate team:
   Carol Williams  CarolWilliams@charter.net
   Shelley Granger  ShelleyGranger@charter.net


Happy Fall,



FREE Search of  the entire Wenatchee MLS homes and land for sale
Current Wenatchee condo news, info and trends


Remember:
Information is FREE.  Knowledge, Experience & Integrity Are Priceless

Wenatchee: Economy and Mortgage Update

There is a lot going on in economic news... and particularly that pertaining to the housing market and the mortgage crisis.  I received the following e-mail from a local mortgage guy on August 29th and thought it worth passing along.


"Hi everyone,

Just an update on the economy and mortgage rates-  I had mentioned previously that rates are volatile because the inflation news raises rates and recession or slowdown news lowers rates. Mortgage rates have been moving up and down with every news headline.

Here is my best guess from what I read - most of the runup in prices in food and fuel have already happened, so I see inflation cooling off.  Plus, because people have been shelling out all their money this year for gas, they don't have much left to buy other things; this is going to drop consumer spending and pull the stockmarket downward, and also bring down mortgage rates.

When it comes to home sales, you need to know about another factor- the rate we quote for a 30 year fixed no longer applies to everybody. The base rate may be going down, but Fannie Mae is now charging higher fees and/or adding to the rate for anything except a perfect loan.  For example,  beginning November 1st if you have a 719 FICO score and have a down payment of 20-25%, you will have two additional fees, totaling 1%. This means on a $300,000 loan, your customer needs to come up with an extra $3000 in closing costs or pay roughly 1/4% higher mortgage rate.  The same loan with a 639 credit score has  3% in additional fees!!, they used to send loan officers to jail for charging fees like that. A year ago, a 639 with 20% down had no added fees. (These are all based on the middle of your three credit scores).

So, in short, not everyone who used to qualify will be able to, and I think Sellers ought to know that their pool of potential buyers is shrinking, because there are a lot of people who think they are potential buyers out there that haven't been in to talk to a lender yet, and may get some startling news that they qualify for less of a house than what they think.

One last item, as Fannie Mae is going  to hang people with their credit scores, it is best for people to know theirs. www.annualcreditreport.com  is the real 'free' service that doesn't make you sign up for a credit monitoring service. Your clients will be able to see the items on their report, and  can pay $7-10 to each of the credit bureaus to actually get the scores.

Darel Ansley
Peoples Bank
29 S. Wenatchee Ave
Wenatchee, WA 98801
darel.ansley@peoplesbank-wa.com
O   509-664-5324
C   509-860-3301
F   509-664-5315
 


* * * * *

In the meantime, the economic outlook in Wenatchee continues to look strong.  And, we're going into my favorite time of year.  FALL. 


Life is good,











Remember:
Information is FREE.  Knowledge, Experience & Integrity Are Priceless


FREE search of the entire Wenatchee MLS  homes and land for sale
Current  Wenatchee Condo News
Current Wenatchee rental information
Current  Wenatchee Vacation Rental information

Posted on Tuesday, September 9, 2008 at 09:33PM by Registered CommenterCarol Williams in , | CommentsPost a Comment

Wenatchee Property Management

Willinger Real Estate is not just a Wenatchee real estate sales and marketing company.  We also specialize in Premium Property Management with a full team of specialists to take care of every phase of property management. 


If you would like to discuss our Property Management services, contact the Willinger Real Estate team today:
Carol Williams  CarolWilliams@charter.net
Shelley Granger  ShelleyGranger@charter.net


Remember:
Information is FREE.  Knowledge, Experience & Integrit Are Priceless


FREE search of the entire Wenatchee MLS homes and land for sale
Current Wenatchee condo news, info and trends
CurrentWenatchee vacation rental info


Your for success and prosperity,



Posted on Sunday, September 7, 2008 at 12:12PM by Registered CommenterCarol Williams in | Comments1 Comment

Wenatchee Housing: Affordability Factor

In last Friday's "Safety Valve", the letter-to-the-editor portion of our local paper, The Wenatchee World, my friend Roger Dorner (a retired builder), wrote an interesting article on what has happened to the affordability of housing in the Wenatchee real estate market.    Roger was a prolific builder in his day and he totally understands the economic dynamics of making affordable housing available.  I have received his permission to re-publish his article and here it is in it's entirety:

* * * *
"In a Safety Valve letter Aug. 23 Marilyn Lancaster asks why there is no building of affordable homes here. That is a valid question, and deserves an answer. In Yakima, Tri-cities and Moses Lake there are large subdivisions of new homes selling for $150,000 and less. Why not here?


In this area subdivision land with utilities are many times as expensive as in the cities mentioned. Add development costs and imposed fees, and a builder pays about $85,000 for a building lot. Add permits and fees for water-sewer-electric hookups, construction financing, liability insurance and overhead. Expenses are over $100,000, before any construction begins. Then pay for materials, labor, subcontracting, selling costs. Add for the builder's earnings. The selling price is far above what is considered affordable housing.


In the cities mentioned, developer/builders are able to buy modestly priced land and develop building-ready lots for far less, then standardize construction methods for a limited selection of house plans. High volume in one location reduces costs of labor, subcontracting, financing and selling, and allows smaller margins for the builder. I have toured the Aho Construction subdivision in Yakima. Very respectable, and most houses less than $150,000.


Our affordability problem starts with the cost of the land. Land zoned for building, with utilities available, is so scarce that the price is astronomically high. Municipal and utility jurisdictions have imposed more and more costs on developers and builders. These high costs are compounded by the carrying costs (interest, taxes, overhead, selling). So it is not possible for a builder to build affordable housing as described above. To survive, builders must build expensive homes.


If we are to ever again produce affordable housing, the solution must start with the political process, to get the price of land down. Get utilities available. Then, at least as applies to producing affordable housing, lesser fees for developing and building. Then we could have some affordable housing.


So it is not "If we build it, they will come." "They" (people needing affordable housing) are here. It is "If it were possible, they would build it."


Roger Dorner"


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Have a great day!

Broker, Realtor, ABR, e-Pro, GRI, REI









Information is FREE. 
Knowledge, Experience & Integrity Are Priceless


For customized service Contact The Willinger Team:
Carol Williams:  CarolWilliams@charter.net  
Shelley Granger:  ShelleyGranger@charter.net  


FREE search of the entire Wenatchee MLS

Posted on Monday, September 1, 2008 at 05:04PM by Registered CommenterCarol Williams in | Comments2 Comments

Willinger Real Estate: Wenatchee, WA

Shelley Granger and I are very happy to announce the opening of our new Wenatchee real estate office.  As is obvious from the logo at left, the name of our new company is Willinger Real Estate, a result of combining our  last names (Williams and Granger). 


Willinger Real Estate agents will focus on primary residential sales and listings, as well as multi-family and investor properties.  We will do property management and soon be able to offer our services to Condo Home Owners Associations (HOA's) as well.    We offer phenomenal customer service and will customize our services to the needs of each individual client.


At this time, the company consists of Shelley, me and one other agent, Candy Armstrong.  Candy has had her real estate license for about 29 years but she has been keeping busy as a full time appraiser.  She's now ready to get back into real estate sales and assist us with all phases of the business. 


It's been a whirlwind of activity getting all the legal logistics of setting up the company but stay tuned for more new and exciting developments. 


Have a great week-end!












FREE search of the Wenatchee area MLS
Current Wenatchee Condo news, info and trends


Contact the Willinger Team Today:
Carol Williams: CarolWilliams@charter.net
Shelley Granger:  ShelleyGranger@charter.net
Candy Armstrong:  Candy@ncwonline.com


Posted on Saturday, August 16, 2008 at 05:03AM by Registered CommenterCarol Williams | Comments2 Comments

Wenatchee Real Estate Update 8/7/08

After an unusually long break from blogging, I am going to try to get back to some regular posting.  Life and work has filled my days (and nights) and I took a much needed 4-day mini vacation on the Oregon coast about a week ago. 


So, are you curious about what's happening in the Wenatchee real estate market?  Everywhere I go... and I mean everywhere home or away... people ask me "How is the real estate market".  Of course, they read and hear all the negative media and wonder if it is as bad as they are hearing.


There is definitely still quite a bit of selling activity going on BUT there is also ALOT of inventory.  For example, in the $225,000 - $275,000 price range there are currently 101 homes on the market.  How does an agent who has clients in that price range decide which ones to show?  We certainly can't show 101 homes to one client.  Of course there are always certain criteria a client is looking for but it's still a lot to choose from. 


I've noticed more sign switching going on lately, meaning sellers are switching agents thinking that will help their home sell faster.  What's really going to help their home sell is to price it competitively with the competition.


Yesterday was our weekly agent tour day.  This is when we go out and preview the new listings on the market (and also a few the agents put old listings back on tour because their listings haven't sold and they want us to take another look).  Shelley and I love tour day because it helps us tremendously with keeping up with inventory and pricing trends. Plus, we get to visit with agents and talk business.  The problem is there are so many homes on tour we can't physically get to them all in the alotted 3 hour time frame. 


I guess my point to all of this is... in the current market it is critical for sellers (and agents) to be very competitive and stage and price their homes tightly.  You absolutely cannot "play" the market.  If that's your strategy you just need to stay out of the market and let those who really want and need to sell do it.  


Our Wenatchee area economy is still strong and vibrant and there is no cause for concern.  Even though the market has slowed, there is still activity and well priced properties will sell. 


Have a great day!
Carol


For the most current Wenatchee real estate news, info and trends contact the Top Team:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShellwy@gmail.com
Free search of all home in the Wenatchee MLS:  www.TopPropertiesWenatchee.com
Current Wenatchee Condo information:  www.WenatcheeCondos.blogspot.com


Remember:
   Information is FREE.
      Knowledge, Experience & Integrity Are Priceless

Posted on Thursday, August 7, 2008 at 07:07AM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee Real Estate Activity Update

balance%20scales.jpgIn spite of the significant slowdown in Wenatchee real estate market activity, we are still seeing a decent number of pendings and closed sales comes across daily.  


One of the most interesting statistics I noticed on the May Pacific Appraisal SNAPSHOT report was that the number of homes sold year-to-date is DOWN 28%, BUT the number of homes listed year-to-date is UP 11%.  That will certainly do the trick in stabilizing prices by increasing supply over demand!


What Shelley and I are seeing is lots of homes coming on the market BUT they are cleaner and more competitively priced than we have seen in a very long time.  Homeowners are realizing they must do everything possible to make their home stand out in the (literal) crowd.  That means cleaning it up, deordorizing and pricing it realistically.   


Although statistics show a significant reduction in sales activity, we are still seeing healthy demand.  It appears the financing crisis has put a damper on many wannabe buyers and we are seeing more inquiries for seller financing and lease/purchase options.  We are also seing a strong demand for rental homes and vacation rentals.


The Wenatchee economy continues to be strong. We are blessed with a number of major industries, including hydro power production, aluminum production, agriculture, medical services, government services, educationaal services, and tourism.   With the population in the local area forecast to increase by 50% in the next two decades, housing will continue to be in high demand. 


As always, prices will be solely determined by the balance of supply-to-demand.  
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For customized service contact the TOP Team:
Carol Williams  TopTeamCarol@gmail.com  
Shelley Granger  TopTeamShelley@gmail.com  


FREE Search of the entire Wenatchee MLS system
Current Wenatchee Condo news, ino and trends

Wenatchee: Rent-To-Own or Lease Purchase

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Rent to own, Lease Purchase, Lease to own in Wenatchee
As a result of the current chaos in the lending industry, I am getting a lot of inquiries for rent-to-own homes that might be available in the Wenatchee area.  


As everyone who hasn't been living in a cave knows, financing is very difficult right now for anyone who doesn't have a large down payment AND excellent credit.  I am one of the few (if not only agent) in the area who has actual experience with, and am willing to do, lease/purchase contracts.  These are commonly called rent to own, lease to own or lease purchase contracts.


We have a huge demand for housing but, unfortunately, there are many people who can't secure financng at this time.   There are many reasons why people can't get financing but may still be excellent candidates to buy a home.  


If you know of someone interested in finding a rent-to-own home in Wenatchee, have them give me a call.  The primary criteria to enter the program is that they need to have adequate verifiable income and be on track to finance the home within one to two years.  


I will need to know what their gross monthly income is, and their desired monthly housing budget.  With the price of homes in Wenatchee now, candidates for this program  should be able to commit at least $1,000 to a monthly payment.  



Not always, but in most cases, I can negotiate a monthly credit back toward the downpayment when the home is financed and title transferred. 



If you have questions, please contact me. 

Carol's%20full%20sig.png










Carol Williams  TopTeamCarol@gmail.com
Posted on Saturday, May 31, 2008 at 07:53AM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee Rental House: Available mid July 2008

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1908 Mulberry * Wenatchee, WA
Here is a nice rental house that will be available about mid July:
* 3 bedroom, 2 baths
* Large, fenced yard
* Pets considered, with deposit
* $1450 per month















I am getting a lot of inquiries for more pictures of this house, so here they are.  You may click on any image to enlarge:

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Spacious, fenced, backyard
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Open kitchen
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Dining Open to Kitchen























Contact the Top Team:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com
Posted on Sunday, May 25, 2008 at 07:13PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee Real Estate Still Strong... But Slower

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Welcome To Wenatchee
The latest report out of OFHEO (Office of Federal Housing Enterprise Oversight), released May 22nd,  indicates Wenatchee has moved into the #3 spot in the nation for the last 12-month's appreciation rates. 


Wenatchee held the number one spot for a full 4 quarters and this slowdown is actually good news.  Our appreciation rates had been so rapid for so long, it was on the verge of insanity.  We now have plenty of inventory to feed the demand and prices have leveled out.  If you have a good cash downpayment and good credit, it's a great time to buy because sellers are finally realizing the market has changed.  We are seeing a lot of price reductions due to overpricing.


Wenatchee was also recently named #3 in the nation as a great place to buy a vacation rental.  Other than motel rooms, there are very few vacation rental rooms available in Wenatchee.  We are constantly getting inquiries for furnished short term rentals (condos in particular).  Vacation rental demand is high.  I wrote an announcement post about that recently entitled "Wenatchee Named A Top Vacation Rental Market" .  


Positive cash flow is long gone in the primary residential investment market.  But, if you're still looking for a way to enjoy the financial benefits of investing in local real estate, the Wenatchee vacation rental market could be the next big thing.  


For customized service contact the Top Team:
Carol Williams     TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com  


FREE Search of the entire Wenatchee MLS
Current Wenatchee Condo news, info and trends

Posted on Sunday, May 25, 2008 at 01:20PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee Marathon 2008

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Shelley's Wenatchee Marathon relay team.   This picture was staged because they each ran an individual leg, but it's a great picture of the awesome 5... Zoe, Shelley, Diane, Meghan, and Natalie.
Click on image to enlarge
Last week I briefly mentioned the Wenatchee Marathon in one of my Washington State Apple Blossom Festival related articles.  Unfortunately, I didn't have my camera with me (which is a very rare instance) so I didn't have any pictures to post.  


The Marathon was held on April 19th and the runners were surprised to be greeted by snow when they woke up, and during the start of the race.  The inclement weather didn't last long and it turned out to be a good race day.


My good friend and business partner, Shelley Granger, was part of a relay team with 4 of her friends.  Shelley ran one of the 10K legs and was the first runner for her team.   Shelley's husband, Keith, did the full marathon and qualified for the Boston Marathon for the 173989-1527251-thumbnail.jpgsecond year in a row.  
Shelley & Keith in the snow before the beginning of the race. Click on image to enlarge











* The Wenatchee Marathon  benefits cancer research and local charities.  Over $8,000 was raised this year.    There were a total of 5 various events for runners AND walkers, including a special race for kids.

* * * * * * * * * *



Remember: 
Information Is FREE.  Knowledge, Experience, & Integrity Are Priceless


Contact the TOP Team today:
Carol Williams  TopTeamCarol@gmail.com  
Shelley Granger  TopTeamShelley@gmail.com  




Posted on Monday, April 28, 2008 at 05:05PM by Registered CommenterCarol Williams | Comments2 Comments

Wenatchee: Apple Blossom Youth Parade 2008

Youth%20Parade%20SG%202008050.jpgOne of the communities favorite events of the annual Washington State Apple Blossom Festival in Wenatchee is the Youth Parade, held the first Saturday of the Festival.

This event is purely for the kids at Apple Blossom time.   The schools have bands, and floats and other kid related businesses have entries as well, and kids of all sizes can just walk along the route.  173989-1522495-thumbnail.jpg
One of the marching bands



Here are some of the pictures from today's parade.  The first photo is the John Newbery Elementary School Float, "A Slice of Paradise".  My friend and business partner, Shelley Granger (waving in the picture), was the chairperson of the committee for designing and constructing the float, featuring a monster red apple at the end of the rainbow.  She had a wonderful group of volunteers to help and they spent the entire week before the parade putting it together.   


In my humble opinion, it was the most fun and colorful entry in the parade.  I might be slightly biased, but I don't think so.   I could see the big red apple from way up the parade route, so knew they were coming!  Shelley... you and your crew are awesome!
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Here are some more pictures.  Sorry they aren't better organized.  I'm having some trouble with the formatting features.      

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And, here is a link to another post on my Active Rain Wenatchee real estate blog, with more pictures of the youth parade this morning.  
 



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Posted on Saturday, April 26, 2008 at 02:03PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Washington State Apple Blossom Festival (and more)

In spite of the unseasonably cool weather this year, it's a fun and exciting time of year in Wenatchee, Washington.  This time of year is full of very fun and unique activities in the Wenatchee valley.  I've been so busy with life and work, I've missed writing about many of them, but do want to mention a few and give you some links to read more, and access pictures, if you're inclined. 


Yesterday, Thursday April 24th, was the first official day of the annual Washington State Apple Blossom Festival, held in Wenatchee every year.  This is a VERY BIG deal here with 11 days full of activities.  Click on the above link to have access to all the details of events that will be taking place in the "Apple Capital of the World" over the next several days.   I can't even begin to list all the events and activities here.



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Volunteer Crew for the Newbery Elementary School Youth Parade Float
Tomorrow is the Youth Parade.  This picture, to the left, is an insiders sneak peak at the John Newbery Elementary School's entry in the youth parade. Click on the image to enlarge and see the smiling faces of these awesome volunteers.  My friend and business partner, Shelley Granger (in the Mickey Mouse t-shirt), was the chairperson for this committee and they worked really hard all week to design and construct this masterpiece, "A Slice of Paradise".  The parade starts at Triangle Park at 11:00 a/m, going down Orondo, north on Mission, ending at Fifth Street. 


Next Saturday will be the Grand finale event of the Festival... the Grand Parade. 




And... building up to Apple Blossom festival are several other major events:


* The hugely popular Ridge to River Relay has a separate event for kids and adults.   Click on the link to get results, info, and lots of pictures of the youth and adult events.


* The Wenatchee Marathon  benefits cancer research and local charities.  Over $8,000 was raised this year.    Shelley was part of a relay team for this event and it was so much fun to go cheer her on. She's not really a runner person but she trained for the event and did awesome.  Even the early morning snow could not dampen their team community spirit. 


When this years events are over, planning will begin almost immediately for next year.   It's all a HUGE undertaking, with hundreds of volunteers for the various events. 



Have a great week-end,

Carol's%20sig.png











Thinking of buying or selling real estate?  Contact the Top Team today:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com


Remember:
Information is FREE.  Knowledge, Experience & Integrity Are Priceless

Posted on Friday, April 25, 2008 at 09:08PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee Named A Top Vacation Rental Market

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Cascade Mountains at Wenatchee Washington
Click image to enlarge
Not sure how I missed it, but last night I discovered the March 12, 2008 edition of the NuWire Investor publication named Wenatchee in the "Top 10 Places To Buy Vacation Rental Homes in the U.S".  


Wenatchee came in number three, but looking at the criteria for which they were chosen, it appears Wenatchee could have very easily topped the list.   Factors taken into consideration were home prices and appreciation rates but, I think, more importantly (for a vacation home or vacation rental home) such things as weather and the availability of activities and attractions are critical. 



In the weather category, it was interesting to note they used an "average number of rainy days" factor (not a number of sunny days factor).  Either way, Wenatchee would have won hands down over all the markets listed.   Wenatchee was noted as having an average of 26 rainy days per year and the nearest competitor was the Virgin Islands at 73 rainy days!   


In the median home price category, I found the NuWire information inaccurate.  Wenatchee's median home price was listed at $319,900 but it is actually $248,500 according to the March 2008 Pacific Appraisal SNAPSHOT statistical market summary.  NuWire lists their source as Zillow which is basically a computerized statistical analysis and not based soley on actual sales records.  This is a significant discrepancy. 



Here are the top ten markets for buying a vacation rental, according to NuWire Investor:

1) Ashland, Oregon

2) Grand Junction, Colorado

3) Wenatchee, Washington

4) Guam (U.S. Territory)

5) Asheville, North Carolina

6) Miami, Florida

7) U.S. Virgin Islands (U.S. Territory)

8) Salem, Oregon

9) Salt Lake City, Utah

10) Coeur d'Alene, Idaho



If you get a minute, you can read the entire NuWire article.  Interesting to note that 4 of the top 10 are in the Northwest region of the United States.



All things considered, I anticipate Wenatchee WILL be a hot spot for future vacation rentals as a wonderful alternative to the typical motel room.  I've been touting this option on my Wenatchee Condo blog for quite a while now.


Because of our great weather (and central location in the state) there is almost always some convention or combination of meetings going on in Wenatchee.   With all the demand for motel/hotel rooms due to these meetings (and the plethora of recreational activities in the area), I see a huge demand for vacation rentals in the Wenatchee real estate market. 


At this time, there are many vacation rentals in the outlying areas like Leavenworth, Lake Chelan and Crescent Bar, but almost NONE in Wenatchee.   I do represent the one project in Wenatchee currently being promoted for that purpose.  So, if you want to get in early, now may be the time.  


We often get inquiries from potential renters looking for a more versatile option to the typical motel accommodations.  These tenants are looking for accommodations from a few nights to several weeks at a time.  And, they are willing to pay significantly more than a standard monthly rental apartment because short term rentals (less than 6 months) are extremely hard to find.



If you missed the last big increase in home values, vacation rentals may be the next niche to consider.



Have a great week-end!

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Remember:

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Contact the Top Team Today:

Carol Williams,  TopTeamCarol@gmail.com

Shelley Granger,  TopTeamShelley@gmail.com



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SR 28 To Re-Open Ahead of Schedule

In spite of crazy weather challenges, I have inside information that SR 28 will be re-opening ahead of schedule... as early as this afternoon about 5:00.  Yeah!


Good Job JANOD !



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For customized service buying or selling real estate contact the TOP Team:
Carol Williams  TopTeamCarol@gmail.com  
Shelley Granger  TopTeamShelley@gmail.com  



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Current Wenatchee condo news, info and trends


Posted on Tuesday, April 1, 2008 at 04:21PM by Registered CommenterCarol Williams in | CommentsPost a Comment

Wenatchee: Important Road Closure Info

Road%20Closed.jpgSR 28:  A very inconvenient, but necessary, road closure of Hwy 28 (at Rock Island Dam) will take place from Friday, March 28th, to Friday April 4th.  The road closure is for the purpose of rock stabilization of the cliffs bordering the highway near the dam. 


One of the head project managers I spoke to says they hope to have the road open ahead of schedule, but for planning purposes, you need to figure that you will NOT be able to get to Quincy from Wenatchee (or vice versa) unless you want to take a very long detour (either through Waterville or via Ellensburg).  Both of those options make me tired just thinking about it!


* * * * *


Western Avenue:  Western Avenue between Fifth Street and Washington will be closed for about three weeks (from March 28th - April 18th) while Chelan Country PUD crews make local water system improvements.

The road will be open at nights and week-end, but traffic will be detoured to Miller Street from 7:00 a.m. - 3:30 p.m. week-days.


For current Wenatchee real estate news, info and trends contact the Top Team:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com


FREE search of the entire Wenatchee MLS
Current Wenatchee condo info


Remember: 
Information is Free.  Knowledge, Experience & Integrity Are Priceless



Have a great week-end!

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Posted on Thursday, March 20, 2008 at 08:37PM by Registered CommenterCarol Williams in | Comments1 Comment

Upcoming Wenatchee Rental Homes: 3/14/08

Looking for a full sized house to rent in Wenatchee?  We will have two excellent rental homes coming up in April.  One in Wenatchee.  One in East Wenatchee.


173989-1114740-thumbnail.jpg173989-1114740-thumbnail.jpg
Weatchee 4 bedroom rental
April 1st:  Nearly new 4 bedroom, 2 3/4 bath conveniently located in Wenatchee. 

$1450 per month







173989-1414490-thumbnail.jpgEarly May: 
4 bedroom, 2 3/4 bath on The Plateau in East Wenatchee.  
Lease-to-own would be considered.  Terms to be negotiated.

Rental rate:  $1495 per month





For more information contact the Top Team:
Carol Williams TopTeamCarol@gmail.com
Shelley Granger  TopTeamShelley@gmail.com 

Posted on Friday, March 14, 2008 at 06:32AM by Registered CommenterCarol Williams in | Comments1 Comment

Wenatchee Condo Info: March 14, 2008

Pennsylvania%20St%20condos.jpgOver on my Wenatchee condo blog, I have posted some current information on inventory and pending sales. 


Shopping and sales activity seems to be picking up with our warmer weather and Spring approaching.  It appears my prediction of people accepting condos as the new affordable housing is coming to fruition.  Nearly an equal number of young first time home buyers, single parents, and retired folks on a fixed income seems to fit the profile ff most condo shoppers in the under $200,000 price range. 


Shoppers in the over $200,000 price range have a wider scope, many of which are retired folks with more spendable income, and non-residents looking for a low mainteance option second home in the Wenatchee valley.


Have a great week-end!
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Remember: 
Information Is FREE.  Knowledge, Experience & Integrity Are Priceless


If you are thinking about buying or selling a Wenatchee home or condo contact the TOP Team today:
Carol Williams  TopTeamCarol@gmail.com
Shelley Granger:  TopTeamShelley@gmail.com

Posted on Friday, March 14, 2008 at 06:16AM by Registered CommenterCarol Williams | CommentsPost a Comment
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