Showing posts with label City of Yakima. Show all posts
Showing posts with label City of Yakima. Show all posts

Thursday, November 25, 2010

Realty Tours Northwest of Yakima | Yakima WA Real Estate and Homes For Sale

PROFESSIONAL REAL ESTATE VIDEO FOR YOUR LISTING

Video Packages Starting At $299

All of our video tours are shot on professional camera equipment and commercial grade software editing programs. We also use a SteadyCam  stabilizer to give the viewers a sense of "floating-on-air" as they tour the home. We also add a musical background soundtrack and voiceover narration to enhance the viewer's experience and capture their attention as they tour the property.

Video Packages Starting at $299

MASS EXPOSURE FOR YOUR REAL ESTATE LISTING THROUGH    THE POWER OF SYNDICATION AND PROMOTION

  1. Upon completing your real estate video, we start by uploading it to several video sharing sites like YouTube, MetaCafe, Yahoo, Veoh, DailyMotion etc..by utilizing a video uploader software program that automatically syndicates your Yakima real estate video to several video sharing sites.

2. Your Yakima Video Tour listing is submitted to the several Real Estate listing websites and classified ad sites that are popular resources for browsing real estate such as Trulia, Zillow, FrontDoor, Hotpads, Craigslist, Backpage, Postlets, RealBird, Local.com, Vast, Lycos, Oodle, GOOGLE BASE and many more. Many of these sites also allow video tours to be included as part of the listing.

Yakima Real Estate & Homes For Sale in HD. Watch this video example to learn how we take a cinematic approach to a real estate listing by showcasing the home's greatest features and a glimpse of it's location and surrounding neighborhood.

Here is an example of a Yakima rental apartment. In addition to real estate for sale, we can get more exposure to your rentals, rental homes, vacation rentals, cabin rentals or apartment rentals as well. We can also produce your real estate listings in Spanish.


Need video for your Yakima area lodging, resort, restaurant, hotel or motel. We can create a web promo video custom designed for your business. Check out this sample video for Whistlin Jack Lodge.


Today's Real Estate Market Video   November 7, 2010

Visit our Yakima Real Estate Blog page to see previous Real Estate related videos and more. We also have a Live Updated Real Estate News Page for finding the latest Real Estate related news from various resources online.

Yakima Real Estate Blog

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Yakima Real Estate Market Report- Ed Butowsky, Managing Partner of Chapwood Investment Management, joins Varney & Company to discuss the real estate market and its growing crisis despite bailout plans by this administration.


Sunday, November 7, 2010

November 7, 2010 Yakima Real Estate- The crisis in the real estate market - Realty Tours Northwest of Yakima

In this Yakima Real Estate video Ed Butowsky, Managing Partner of Chapwood Investment Management, joins Varney & Company to discuss the real estate market and its growing crisis despite bailout plans by this administration.

Friday, October 29, 2010

October 29, 2010 - Yakima Real Estate Market - Realty Tours Northwest of Yakima

Ryan Raveis, Senior Vice President of William Raveis Mortgage, discusses the jumbo mortgage real estate market for 2010.

Saturday, October 23, 2010

October 23, 2010 Yakima Real Estate Maket- Avoid Foreclosure

The threat of foreclosure has over 1 in 5 homeowners wondering about their options and what will happen to them. In this video we provide a few examples of how you can take charge of your life and financial situation in order to avoid foreclosure.

Tuesday, October 5, 2010

Local agents monitoring glut of real estate-owned homes | Yakima Herald-Republic

 

YAKIMA, Wash. -- Residents of Selah's outlying areas often drive by the all-brick exterior home on 1100 Selah Loop Road.

For two Sundays last month, those neighbors got to look inside the 1960s-era house that piqued their curiosity.

Most were in awe at how large that home was from the inside -- it's more than 4,100 square feet with four bedrooms, a finished basement and living areas.

"It just keeps going and going," said Lanny Lowe, 57, of Selah, who toured the house Sept. 26.

The Selah home is a real estate-owned home, or REO, a foreclosed home that a bank repossesses, usually after the home fails to sell during a trustee sale.

REOs have increased in Yakima County over the past few years.

Through August, there were 213 REOs in Yakima County in 2010, according to RealtyTrac, an Irvine, Calif., firm that tracks foreclosure trends. That is fewer than the 218 REOs during the same period in 2009, but well above the 61 REOs in 2008.

Banks may do nothing with the REOs or rent them out, but eventually the homes are put on the local real estate market.

"In the last week, I've had a real influx of (REO) listings," said Phil Barnes, an agent with Creekside Realty in Yakima.

The REOs come from all price ranges, not just the inexpensive ones.

"They're all over the county," said Lynda Hopkins, an agent for Yakima's Lakemont Real Estate who markets REOs properties, including the home in Selah. "There are expensive homes people can't afford."

 

Overall, Yakima County's real estate market has fared better than other parts of the United States, but the local real estate industry is still paying attention to the increase in REOs.

There are different theories on the cause of the increase.

One is that federal efforts, such as loan modification programs, created a delay of some homes going into foreclosure.

But those homes eventually went into foreclosure and created an additional influx of bank repossessions in the past few months.

Another theory is that foreclosures have increased, caused by everything from bad mortgage loans to a fallout from a higher number of people out of work.

In July, about 1.3 percent of mortgages for Yakima County homes were in foreclosure, compared with 0.99 percent at the beginning of 2010 and 1.03 percent in July 2009, according to CoreLogic, a Santa Ana, Calif., firm that provides consumer and financial data.

And a greater number of those foreclosures are failing to sell on the courthouse steps, leading to more bank repossessions.

Foreclosed homes are sold every Friday morning at the Yakima County Courthouse. The sale is done by firms working on behalf of a trustee, usually a bank or a company representing the bank.

In the past, about one out of every 15 Yakima County homes auctioned off would sell, said Dennis Copeland, owner of Legal Couriers Inc., a firm that posts foreclosure notices and conducts the trustee sales at the courthouse.

These days, it's more like one out of 20 homes, he said.

"The problem that I noticed just recently is that there is a lot of (foreclosed) properties where the deed of trust is from 2007, 2008, 2009," Copeland said. "There is no equity."

Often banks will collect price estimates from real estate brokers or home appraisers on local homes that are several months delinquent on mortgage payments. The bank uses them to decide how to sell the homes if they go into foreclosure and are repossessed, Barnes said.

Barnes said he's doing about 10 such price estimates a week as of late, compared to just one or two a few years ago.

For him, it's another indicator of more foreclosures and more bank repossessions in the county.

 

REOs and other foreclosed homes made up 9.3 percent of Yakima County's real estate sales for July, well below that of the national rate of 17.9 percent, according to Seattle-based real estate firm Zillow.com.

But some believe REOs may play a bigger role in a market that is starting to see a slowdown in housing activity.

In August, residential home sales dropped by 20.9 percent in dollar volume and 23.8 percent in the number of sales from August 2009, according to Headwaters-The Source, a Selah-based firm that tracks Yakima County real estate sales.

REOs create additional competition for an already-growing inventory of homes on the market.

As of the end of June, the supply of homes on the market in Yakima County was nine months, according to the Washington Center for Real Estate Research. The supply for a balanced market is usually five to seven months.

Bank owners have no emotional attachment or financial need to price it too high, said Kenny Nelson, broker of DK Bain Real Estate Inc. in Sunnyside.

The goal for these banks is to break even, he said.

Monthly median prices for bank-owned homes sold in Yakima County so far in 2010 have ranged from $59,000 to $119,250, according to Headwaters-The Source.

That range is much less than the monthly median price of homes overall, which ranged from $145,000 to $160,000.

Another issue is a reduction in potential buyers due to the expiration of two homebuyer tax credits -- $8,000 for first-time home buyers and $6,500 for repeat home buyers.

And there are even fewer buyers for homes that are in the higher-priced ranges. Homes that cost more than $250,000 have at least a year's supply, according to the Washington Center for Real Estate Research.

The home on Selah Loop Road was initially listed at $419,000 when it was put on the market more than four months ago. It did not even sell when the listed price dropped to $279,000.

"Not everyone needs 4,100 square feet or wants to pay $500 a month in property taxes," Hopkins said.

Fannie Mae, which currently owns the home, tried another tactic Friday to get the home sold: a private auction.

There were about 20 registered bids on the home, Hopkins said.

The auction company, Williams & Williams, would not reveal the final bid, stating that the information was proprietary between the seller and the prospective buyer once the auction concluded.

Despite the increase of foreclosures and REOs in Yakima County, other markets in the country are in worse shape.

The percentage of mortgages nationwide in foreclosure during July was 3.13 percent, more than double Yakima County's rate of 1.3 percent, according to CoreLogic.

"All of their performance numbers are very low relative to the U.S., and at those rates distressed properties will not have a large impact on the market," said Sam Khater, senior economist for CoreLogic.

Local agents believe there may not be enough REOs and foreclosed homes to create huge revenue declines locally. But they're watching to see if the increase is great enough to stall sales activity growth for several years, especially if high unemployment continues to be an issue.

"This isn't going to go away any time soon," Barnes said.

For more information go to:

zillow.com
corelogic.com
realtytrac.com

* Mai Hoang can be reached at 509-577-7685 or mhoang@yakimaherald.com.

October 5, 2010 Today's Yakima Real Estate Market - Pricing Your Yakima Home For The Market

In markets such as this, it is not unusual for a home to have a market value less than the amount the owner purchased it for and has spent improving or maintaining it.

Not every dollar spent improving or maintaining a home will increase its market value. Improvements such as adding additional square footage or updating a kitchen or bathroom typically have a higher rate of return. Replacing old shingles or other maintenance projects will not necessarily increase the home's market value.

If you're thinking about making improvements to your home, contact your real estate agent as he or she can help you determine what project will give you the highest rate of return. And when you're ready to sell, your REALTOR® can help you determine the market value of your home, guide you as to how to price it, market the home, and guide you through the sale process.

Monday, October 4, 2010

Friday, October 1, 2010

October 1, 2010 - Today's Yakima Real Estate Market

In the current real estate market, is it a good time to downsize and sell the family home?
What is the best season to sell a home?
Is it possible to make money when selling a home to downsize to a smaller residence?

Thursday, September 30, 2010

Will Real Estate Video Help U Sell Your Yakima Home?

The preceding real estate video tour has been active for about 3 months and has received over 2000 views and can be found all over the internet, in search engines everywhere for search terms related to Chinook Pass and Yakima Washington. The numbers are staggering to say the least. The video has also been used as the feature video on several real estate classified sites as well.
However.....does that mean that the house will certainly sell with those kind of numbers? Not necessarily. Selling a home in today's market....along with all the advanced tools at our
disposal like YouTube, Facebook, Twitter and such is only a little bit of "icing on the cake"

Location, Condition and Price are still the most important factor when it comes to getting your Real Estate sold.

The beauty behind the concept of real estate listings on video is in the concept that "people LOVE video" and a video opens the doors of a property listing.... 24-Hours-A-Day in ways that PHOTOS simply CANNOT. Therefor, any given real estate listing that has a video tour WILL receive double, triple, quadruple and often times 100X more exposure to MORE people than any other listing that DOES NOT have a video tour.

It is all about the NUMBERS.

MORE exposure = MORE buyers.

A professionally produced video tour engages the audience, and as a result...the video will end up being shared all over the world, thus it will end up being syndicated in ways that any traditional method of Real Estate Advertising will not.

Conclusion - In most cases and when done properly by a professional, a Real Estate listing that includes a video will have MORE PEOPLE seeing the inside of the home (just like being there) in 1 month....than 10 years if that same listing was on the market with traditional forms of marketing.
The math is simple.....and the future of real estate does not include print advertisement or simple photos.

I did a little research on the life- span of newspapers and telephone books and found some great articles from very reliable resources such as New York Times and CNN Money that talk about the demise of newspapers as we know them on my Yakima Real Estate Blog.

Today's Yakima Real Estate Market Pending Sales - Sept 30, 2010 - Realty Tours Northwest of Yakima | Yakima WA Real Estate and Homes For Sale

Why should I care about pending sales? What do they tell me about a real estate market. Home Encounter - Tampa's foremost real estate expert - takes 3 minutes to tell you why you should care about pending sales. We discuss what they tell you about a local real estate market and how you can make better decisions when you know about what sales are pending. Home Encounter has practices in Residential Sales, Consulting, Property Management and Investment Properties, and it cares about it's clients enough to publish these informative videos.

Friday, September 3, 2010

WHY CHOOSE VIDEO FOR YOUR REAL ESTATE LISTINGS - Realty Tours Northwest of Yakima | Yakima Real Estate and Homes

Now more than ever, people are turning to the internet to begin there search for real estate. An estimated 85% of all potential buyers start their search online. Of that percentage, 80% of those buyers start their search with GOOGLE to look for a home.

Reports show that when a search engine like GOOGLE (which includes video) is used to look for Real Estate listings, if the search results include VIDEO the viewer is 78% more likely to click on the video before clicking on a webite. It is also reported that people who visit Real Estate websites which have video on them, stay on those sites 70% longer than competing Real Estate websites.

 

Friday, August 27, 2010

Unkept Homes Cause the Value of Surrounding Houses to Tank | KIMA CBS 29 - News, Weather and Sports - Yakima, WA - Yakima, Washington 29 | Local & Regional

YAKIMA - It gives a whole new meaning to horrible neighbors. You know what I'm talking about, houses filled with weeds, chipped paint, and garbage everywhere. They're definitely hard on our eyes, and as Action News found out, even harder on our property values.

Multimedia

  • Watch The Video

KIMA talked to a resident named Laura who asked that we didn't reveal her last name. She said she's very concerned about the dwindling state of her neighbor's homes.

"All of this is just absolutely terrible," she said.

Laura lives on Fifth Avenue, and although she takes good care of her property, she said the opposite is true when it comes to the residences around her. She said it makes her feel helpless.

"It makes me feel really bad," Laura said. "But what can I do"

The issue goes far deeper than how the area looks. Laura said the run down appearance of homes near her are causing her property value to plummet, and unfortunately, the amount of those cases are on the rise.

"When one person starts this, it snowballs," she said.

Realtor Jerry Mullen said he empathizes with Laura's frustration. He said he's seen first hand how much the houses nearby can impact the worth of your place.

"If your home is right next to a home that is trashed, has junk cars, washing machines in the front yard, it's going to impact the value of your home," he said.

Mullen said it's hard to put a number on the exact financial impact of the issue because every case if very different. He said he's seen anywhere from a five to 20 percent drop in value, and in some cases.

"It can make it extremely difficult to sell your property," he said.

KIMA called the Yakima Office of Code Administration, and they said the best plan of attack for these neighbors is to call their office and report it as soon as possible. They do get anywhere from 5,000 to 6,000 calls a year, but said they look into every one of them.

Unkept Homes Cause the Value of Surrounding Houses to Tank | KIMA CBS 29 - News, Weather and Sports - Yakima, WA - Yakima, Washington 29 | Local & Regional

YAKIMA - It gives a whole new meaning to horrible neighbors. You know what I'm talking about, houses filled with weeds, chipped paint, and garbage everywhere. They're definitely hard on our eyes, and as Action News found out, even harder on our property values.

Multimedia

  • Watch The Video

KIMA talked to a resident named Laura who asked that we didn't reveal her last name. She said she's very concerned about the dwindling state of her neighbor's homes.

"All of this is just absolutely terrible," she said.

Laura lives on Fifth Avenue, and although she takes good care of her property, she said the opposite is true when it comes to the residences around her. She said it makes her feel helpless.

"It makes me feel really bad," Laura said. "But what can I do"

The issue goes far deeper than how the area looks. Laura said the run down appearance of homes near her are causing her property value to plummet, and unfortunately, the amount of those cases are on the rise.

"When one person starts this, it snowballs," she said.

Realtor Jerry Mullen said he empathizes with Laura's frustration. He said he's seen first hand how much the houses nearby can impact the worth of your place.

"If your home is right next to a home that is trashed, has junk cars, washing machines in the front yard, it's going to impact the value of your home," he said.

Mullen said it's hard to put a number on the exact financial impact of the issue because every case if very different. He said he's seen anywhere from a five to 20 percent drop in value, and in some cases.

"It can make it extremely difficult to sell your property," he said.

KIMA called the Yakima Office of Code Administration, and they said the best plan of attack for these neighbors is to call their office and report it as soon as possible. They do get anywhere from 5,000 to 6,000 calls a year, but said they look into every one of them.

Posted via email from Realty Tours Northwest on Posterous

Local Help for First-Time Homebuyers | KIMA CBS 29 - News, Weather and Sports - Yakima, WA - Yakima, Washington 29 | Local & Regional

YAKIMA -- If you've always dreamed of owning a home, the city of Yakima may be able to help.

Multimedia

  • Watch The Video

It offers first-time buyers with $4,000 in down payment assistance. To qualify, a family of four needs to make less than $44,000 year. You must also have good credit, without any major blemishes.

Only homes within city limits qualify.

The city will offer those checks until the money runs out. They say money should be available through November.

Local Help for First-Time Homebuyers | KIMA CBS 29 - News, Weather and Sports - Yakima, WA - Yakima, Washington 29 | Local & Regional

YAKIMA -- If you've always dreamed of owning a home, the city of Yakima may be able to help.

Multimedia

  • Watch The Video

It offers first-time buyers with $4,000 in down payment assistance. To qualify, a family of four needs to make less than $44,000 year. You must also have good credit, without any major blemishes.

Only homes within city limits qualify.

The city will offer those checks until the money runs out. They say money should be available through November.

Posted via email from Realty Tours Northwest on Posterous