Posted in Bankruptcy, Short Sale, Uncategorized

3 Most Common Types of Bankruptcy

The types of bankruptcy are named for their chapters in the United States Bankruptcy Code:

Chapter 7  Liquidation of all non-exempt assets

A court appointed trustee or administrator takes possession of any nonexempt assets, liquidates these assets (often times through an auction) and then uses the proceeds to pay creditors. Can be used by all individuals and businesses.

Chapter 11  Reorganization – Primarily used by larger businesses

Pursuant to the confirmed plan of reorganization, the debtor repays a portion of its debts and discharges others. Designed to allow businesses to continue operating, while repaying creditors through a court-approved plan of reorganization.

Chapter 13 Adjustment of Debts – Typically used by wage earners and small businesses

The debtor proposes a plan to repay debts, usually over a 3-5 year period. This repayment plan must be approved by the Court.  While plan is in effect, the debtor is protected from lawsuits, garnishments and other creditor actions.

Note: Title companies need approval from the courts to close any transaction that includes bankruptcy filing.

 

Posted in Bankruptcy, Buying a Condo, Buying a home, Foreclosure, Market update, Real Estate, Selling a home, Short Sale, Uncategorized

Homes for sale in Kennydale Community of Renton WA

Homes for Sale in the Kennydale Neighborhood Renton, WAkennydale


Why Do People Live here?

Kennydale is a beautiful neighborhood of single family homes that is conveniently located just 20 miles outside of Downtown Seattle. It is located on the shore of Lake Washington.   It’s not uncommon to see neighborhood kids playing the streets of this quaint little oasis in the suburbs during the summer and sledding down snow covered streets in the winter. It’s far enough from the main hustle and bustle of the city that residents don’t feel like the urban center of Seattle is knocking on their door.

Looking for a home in Kennydale?

Interested in finding homes for sale in the Kennydale Neighborhood of Renton WA?   Click that link to find all the currently available homes in this area of Renton.

What’s the Neighborhood Like?

The homes you would expect to find for sale in the Kennydale Neighborhood are generally going to range between 1000 and 3000 square feet. The original homes were built in the 1960’s and range from 1,000 sq ft to 2500 sq ft.   There are now some newer homes that have replaced the older homes ranging from 3,000 sq ft to 5,000 sq ft.  There is an upper Kennydale area (which tend to be a little less expensive) and lower Kennydale, which is closest to the water.   The smallest homes in the neighborhood start with 2 bedrooms while the larger floor plans have a four or bedroom layout with some models putting the master bedroom on the main floor.  Prices range from low $200,000 to over a million.  Most of the lots range between 1/4 acre and a 1/2 acre so there is plenty of room for people to get out and enjoy the beautiful Pacific Northwest weather.

What’s Going on Nearby the Kennydale Neighborhood?

Kennydale is located right in revitalized Renton Highlands area of the city. There is a major hospital approx 5 miles from the neighborhood as well as just about every kind of conceivable shopping within a couple miles. The Landing shopping center is just down the street and has everything from Restaurants, movie theater and shopping, to a wonderful local coffee shop.  There are walking trails at Gene Coulon Park as well as bike trails along Lake Washington Blvd.   Find out about everything that is nearby to Kennydale including places of worship, banking, shopping, Attractions and recreation and much more on my website.

What Schools will the Kids Attend?

If you buy a home for sale in the Kennydale Neighborhood of Renton WA, the local schools serving this area are Kennydale  Elementary School, McKnight Middle Schoolm and Dimmit High School. To get local school scores and more information about these schools check out the Renton school reports on my website.

Now You Really Want to Find a Home Here, Right?

If you are interested in the current homes for sale in Kennydale Neighborhood of Renton WA click on the link. Our ‘for sale’ property information is a direct feed from the Northwest MLS and is updated multiple times per day.


Want to sell your home in Kennydale, Renton WA? 

Get a complimentary comprehensive market analysis of your home to determine an accurate market value for you home.

Posted in Bankcruptcy, Bankruptcy, Buying a Condo, Buying a home, Foreclosure, Market update, Real Estate, Selling a home, Short Sale

Should you list during the Holidays?

Short answer yes!  Go here to see the top 11 reasons why you should  http://www.washingtonrealestate4u.com/sell/

Top 11 Reasons Sellers Should List During the Holidays

 By selling now you may have the opportunity to be a non-contingent buyer during the spring, when many more houses are on the market for less money!

This will allow you to sell high and buy low.You can sell now for more money and we can negotiate a delayed closing or extended occupancy until early next year.

Even though your house will be on the market, you still have the option to restrict showings during the six or seven days around the holidays.

January is traditionally the month for employees to start new jobs. Since transferees cannot wait until spring to buy, you need to be on the market for the holidays to capture that pool of buyers.

Some people must buy before the end of the year for tax reasons.

Buyers have more time to look for a home during the holidays than they do during a work week.

Buyers are more emotional during the holidays, so they are more likely to pay your price.

Houses show very well when decorated for the Holidays.

Since the supply of listings will dramatically increase in January, there will be less demand for your particular home. Less demand means less money for you.

Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you.

 

AND THE NUMBER ONE REASON WHY YOU SHOULD LIST DURING THE HOLIDAYS IS….

  • People who look for homes during the holidays are more serious, committed buyers!