https://www.redfin.com/news/housing-market-update-homes-take-longer-to-sell/ Continue reading ...
Lots to do in YELM!
Courtesy of Yelm Chamber of Commerce https://yelmchamber.com/visitor-center/ Continue reading ...
If you're going to list your property, do it now!
Write your Content
With home sales falling 12% in Thurston County and Mortgage rates at 6%, the window for selling your home for top dollar is soon to be closing. If you are wanting to sell your home or property, get it on the market now! Send me an email at firstname.lastname@example.org or visit www.yelmrealestate.com
Giving Back by Auctioneering for Foundations in WA
Auctioneering for worthy foundations is such a love of mine! Here's one I was so fortunate to have been a part of! If your foundation needs help, message me!
I had a blast auctioneering for Raise4Rowyn.org who held their annual dinner and auction raising over $400,000 dollars! Wow!! Big thanks to Sheriff John Snaza for Emceeing, Cousin Amber Snaza, John Emtman, Steve and Chris Hallet helping spot in the live auction and including Philip Kerrigan and the rest of the R4R team for putting on this amazing event! I wish I had more pictures to convey the incredible love, passion and giving that went on Saturday night for this incredible angel foundation. ❤❤❤❤❤
Home Inspections Are Important! By Cindy Schorno, Managing Broker for Yelm Real Estate
This sweet 1,200 sq. ft home with 3 bedrooms, 2 full bathrooms on a large corner lot in Yelm had been a rental for 10 years. When the owner called me to list the property I recommended a home inspection and boy was that a good call! The crawlspace needed attention! (Thanks Larry Stamp at Cameo Home Inspections!) Other issues were on the report too. Seller put in the work to get any major issues taken care of and the Buyer was fully informed of what issues were left to address. In a market of multiple offers so many times a Buyer steps their offer up and waives the home inspection in order to beat out another offer! Unless you are extremely knowledgeable in the construction industry, don't do it!!! Buyers NEED to know what they are buying and any repairs needed for the future.
We listed this home for $359,900 and it sold with over 5 multiple offers for $400,000. No negotiation once the deal was signed. The property closed in June, 2022. The Seller was happy, the Buyer was happy and I was happy to have done my job right!
Here's what the Seller had to say:
Cindy was recommended to me this winter by a family member. She sold my son’s house which I had inherited. From the beginning, she helped me get a licensed home inspector (I had never lived in the house), found reliable people to do the repairs, and helped me with any legal or real estate issues that arose. Whenever I had a question, Cindy would answer the same day or within 24 hours. She was always accessible. If, and when, I sell my own home, I will have Cindy by my side. She is knowledgeable, helpful, reliable, and a most pleasant person. Nancy C. Thurston County
With rising interest rates 6% (Ouch!) and the slowing down of home sales in Thurston County and other areas, the window to sell for top dollar is quickly coming to a close. Sell your home before the window of opportunity is gone, visit my website at www.yelmrealestate.com or email email@example.com All Market Analysis's are free to Sellers!
Children's School of Excellence Annual Auction with Auctioneers Cindy and Dan Schorno
Yelm Real Estate joins "The Quest for the Car Contest"
Local Yelm Businesses open contest for drawing for Automobile from Baydo's Chevrolet in McKenna, WA Contest open from April 24 to May 26. Read below for details... Continue reading ...
Govt Making a Home Affordable Program for Homeowners
This is the new logo for President Barack Obama’s “Making Home Affordable” program, which was introduced on March 4 to “stimulate” the housing market and reduce interest rates/loan amounts for homeowners struggling to meet their monthly mortgage obligations.
The official “Making Home Affordable” Web site can be found at:
Here are the three basic goals of the program:
- Refinancing for up to 4 to 5 million responsible homeowners to make their mortgages more affordable
- A $75 billion homeowner stability initiative to reach up to 3 to 4 million at-risk homeowners
- Supporting low mortgage rates by strengthening confidence in Fannie Mae and Freddie Mac
IHS Global Insight says "House Prices Continue to Decline"
12 Mar 09 House price depreciation accelerated sharply and became more widespread during the fourth quarter of 2008. House price declines accelerated during the fourth quarter of 2008, falling at a 13.0% annualized pace, according to the Federal Housing Finance Agency (FHFA). The rate of decline in the fourth quarter was the greatest in this housing cycle, and exceeded the fastest rates of appreciation in the bubble years of 2004 and 2005. From its peak in the spring of 2007, the nationwide average price is now down 9.9%. The number of declining metro markets was up sharply, to 302 in the fourth quarter, easily exceeding the previous high of 266 in the first quarter of 2008... Continue reading ...
Third-quarter 2008 U.S. Housing Market now undervalued by 5.7%, except in PNW
Housing Prices Continue to Decline Nationwide Third-quarter U.S. Housing Market now undervalued by 5.7% Waltham, MA 3 December 2008 - IHS Global Insight, the world's leading company for economic and financial analysis and forecasting, today released the third-quarter 2008 update of the U.S. housing valuation analysis, House Prices in America, showing that single-family U.S. home prices fell at a faster pace across a wide area of the country-after moderating earlier in the year-and are now 6.5% below their 2007 peak. House prices fell at a 6.9% annualized pace, affecting 241 of the 330 analyzed metropolitan areas, up from 150 metro areas in the second-quarter 2008. For the United States as a whole, the housing market is now slightly undervalued. When weighted by market value, the nation is 3.8% undervalued; when weighted by housing units, it is 5.7% undervalued. Continue reading ...