Valerie's Belfair WA Real Estate Blog: January 2012

Majestic Views & Waterfront ~Hood Canal~

Hood Canal offers some of the most breathtaking views to be found in Mason County & Washington state.  

From the pristine waterfront to the majestic Olympic Mountain Range as well as some areas are east facing offering a Mt Rainier View even.

Winter has definitely shown its face here along Hood Canal, but the beauty certainly does not stop when Mother Nature throws a curve ball at us!   A not so ordinary snow storm  left most of the area blanketed with 6+ inchs of snow; It just embellished the majestic views!  Yes, things came to a stop mostly,and sometimes it takes a storm to slow some of us down for a minute, to help us remember and enjoy the spectacular Hood Canal views and waterfront that surround us that we sometimes take for granted daily.

Hood Canal Waterfront ~ Majestic Olympic Mountain View

What a great setting for a waterfront cabin to retreat to any time of the year!   Enjoy the waterfront and views year round! Recreational fun in the summer and wild storms along the waterfront in the winter; no matter what time of the year, the scenery is every changing!

A perfect example of an affordable Hood Canal Waterfront Cabin- check this out!

Located along the North Shores of Hood Canal waterfront, this one story cabin with a partially finished basement is a great getaway!  Built structurally for a second story, it offers great possibilities for growth as well! Currently it has one bedroom, one 3/4 bath,full size kitchen, laminate flooring,and a large open concept living area with spectacular views!

Laminate flooring flows throughout the living area. A wall of view windows and sliding door give you easy access to the waterfront deck.

Kick back on the waterfront deck and enjoy the awesome views or gather by the woodstove inside during those cold winter months and watch the storms roll on by!

Approximately 75 ft of your very own beach - oysters and clams at your feet!

A partially finished heated basement houses the utility room and with just some minor finishes - such as flooring- would make a great rec room or extra sleeping quarters!  A water "toy" garage is also downstairs with a ramp to the water. 

It's time to get ready for some summertime fun!! 

Offered at $250,000- one of the best deals going along the Hood Canal!

 My magical crystal ball fogs up and my head spins everytime I even try to figure out or anticipate what a bank is thinking or what their reasoning is for something.

What are they thinking?

 I can honestly say that I feel a "change in the air" and a new trend coming.....

Yes - I have had numerous clients already this year call and request my services because their lenders told them to list their home with a real estate agent and sell their home - short. 

They did not want to hear back from the borrower or their agent until there was an offer on the table. 

Another client had a buyer for his home, had already submitted his short sale package because his tenant was purchasing the property (all without agent/negotiator involvement), and the bank directed the borrower to list the home with an agent in order to complete the short sale process.  

The banks are suggesting to their borrowers to "short sale" their home  instead of Deed in Lieu or foreclosure. Thinking about it, from the conversations I have had, they are not even suggesting it, they are flat out telling them to find an agent to market the home and short sale it. 

Now mind you - I am not complaining! Because I truly do love a challenge!

 I am just curious to what others are seeing and hearing out there and is this a new trend for the banks?

The client does not qualify for a modification or a modification would do the client no good with it still leaving them in a pickle.... the bank does not want to do a foreclosure,nor accept a Deed in Lieu.

Are they realizing that many of the homeowners that want to modify their loans are still in a pickle - so they move them to short sale the home? 

Okay.. Are the banks moving to the short sale  because it is too costly for them to foreclosure or accept a Deed in Lieu on all of the homes that are upside down?

 Is it because their inventory is already so heavy with non-working assets (foreclosures) that they do not want any more inventory and realize that it is more cost effective to participate in a short sale?

  Is it more cost effective? 

I only know  that this has been the majority of my phone calls for the last two weeks and my mind has started processing this as a new trend and change in the air......

I feel a change in the air and a new trend happening.....Or am I just slow in figuring it out??

Soooooo  .....What do you think?