Tri Cities Real Estate News & Views

Although there does not appear to be agreement across all groups of people who live on Road 170 in Pasco Wa Real Estate and who were affected by the spring landslide, the preference looks likely to be to rebuild the road.

Almost 40 concerned residents congregated to hear the presentations from county and firms collaborating in the design of the new road. Following the landslide on the 13th of May, 2006, one family was left displaced and up to 2, 000 farms were without water. Road 170 is northeast of the popular shopping complex on Pasco’s Road 68.
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Federal funding has been assured to complete the design of the proposed reconstruction. However, a separate grant application is required for federal funding of the actual construction when the plans are finalized. Pasco Wa Real Estate region officials, and those of other affected areas anticipate that construction will begin in 2008, at the cost of around $5 million; bearing in mind that this plan is dependant on the gaining of rights-of-way from the relevant property owners.

It seems likely that the road will be rebuilt at the foot of the mountain. County geologists have recommended that the road be rebuilt away from the unstable bluffs that were the reason for the landslide in the first place.

The Kennewick Wa Real Estate area is located at the junction of the Yakima and Columbia Rivers and promises a wealth of fishing opportunities. Kennewick is a town of workers and tourists flock to fish the big ones in Kennewick pond.
Officially, the opening for the lake fishing season is April 29, as it is across the state. The Columbia Park Family Fishing Pond in the Kennewick Wa Real Estate region, receives its plant of rainbow trout almost a week before the annual event. The ponds are stocked with legal sized trout (8-10 inches) throughout the month of April.

Any extra large trout are sterile, and have been especially cultivated by the state Department of Fish and Wildlife to provide more fishing opportunities in the area. In the past, the state has been known to plant up to 44, 000 larger trout across venues in Franklin County, including the Family Fishing Pond.

The sterilization of the trout occurs during the egg stage, where heat or pressure is used to alter chromosomal development; this leaves them with three sets of chromosomes instead of two. Hence, the name “triplods” is given to them. The Kennewick Wa Real Estate region is truly the place to be the next fishing season.

Sale by Owner Option - Selling Your Own Home

The majority of those who successfully sell their own property are the property owners who live in highly populated metropolitan market areas where property sales are more common. In a buyer’s market or in rural areas it is much harder for properties that are for sale by owner (FSBO) to successfully sell.

A buyer’s market is when there are more home sellers than there are people to buy homes. This creates a situation where the home buyers are exposed to a large range of property to choose from making it a more competitive market for the sellers. Homeowner’s should opt for the FSBO option only where the local economy is doing well and it is a seller’s market.

To be considered a seller’s market there needs to be more buyers then properties for sale. In a seller’s market the buyers are left with fewer properties available to them. This often creates a situation where the sellers are much more selective on the buyer and also get a higher selling price for their property.

There are other economic issues that play a role in the real estate such as home mortgage interest rates, local employment, and consumer confidence. Unfortunately we can’t control the economy and some are forced to sell their homes or buy homes in times that are unfavorable financially to them.

There are a few things people who succeed at selling their homes do to increase their odd of winning at FSBO. They need to be able to have the financial support that it takes to keep their property exposed to those who are purchasing homes for the entire period it takes to sale a home. This advertising period is at least 90 days and includes personal signage, advertising, repair costs of the home, and professional legal advice. You also should have a little bit of spare money to back you up financially if there are any marketing mistakes.

You should also have basic business knowledge about important marketing, personal selling, as well as enough technical information on real estate principals and practices. This will prevent you from making informed decisions that can cost you a lot of money and stress.

Anyone who wants to list the property FSBO must be disciplined with marketing goals and objectives with set time frames for the process and finalization of those goals and objections. You need to be able to be very organized and able to pay close attention to details.

There are a lot of stressful moments when selling something as expensive as your own home so you need to be able to keep a business perspective on all decisions. When selling you own home always avoid guesswork and replace it with concrete analysis. Making informed decisions is much less stressful then guessing.

If you want to sale you own home successfully you need to be a wise negotiator and be able to effectively deal with the different personalities in your potential home buyers. Be ready to and well equipped to sell your home and plan to use a lot of time devoted to selling your home. 

Published by Joe and Colleen Lane, Realtors®.

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.21 percent with an average 0.4 point for the week ending January 11, 2007, up from last week when it averaged 6.18 percent. Last year at this time, the 30-year FRM averaged 6.15 percent. The 15-year FRM this week averaged 5.96 percent with an average 0.4 point, up from last week when it averaged 5.94 percent. A year ago, the 15-year FRM averaged 5.71 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.03 percent this week, with an average 0.5 point, up slightly from last week when it averaged 6.02 percent. A year ago, the five-year ARM averaged 5.76 percent. One-year Treasury-indexed ARMs averaged 5.44 percent this week with an average 0.5 point, up from last week when it averaged 5.42 percent. At this time last year, the one-year ARM averaged 5.15 percent.

The Kennewick Wa Real Estate area hosts the Canyon Lakes Golf Course that has tee times available every day of the week. Groups of 8 or more are able to make bookings at anytime, although all must wear appropriate shirts and no spikes are allowed. The 18 hole course is a Championship type and the course record is 62, set by O.J. Cavazos. Canyon Lakes was officially opened in 1981.

The course has a Four Star rating by Golf Digest and at present is the highest rating course across the Tri-City district. Gold Digest also ranks Canyon Lakes in the top 200 of golf course across the USA.  Hole #9 was nominated by Northwest Magazine as one of their dream 18 holes. And Hole #12 has become famous as the largest green in the Pacific Northwest. At present Canyon Lakes has five sets of tees, a driving range, practice bunker, and a practice putting green. There is also an 18 Hole Championship Putting Course.

Special Offers and the Super Coupon are available via the website that is equal to either $5.00 off Green Fees and Cart, or 4 Golfers for the Price of 3.  Gift certificates are also available by way of the site (click Online ProShop) or golf lessons are available online.  Residents of the Kennewick Wa Real Estate area are encouraged to tee off now!