Rhino Roz Realty , Charging on your Behalf
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About Rhino Roz Realty

Charging on your Behalf

Rhino Roz Realty is an Independent & Unique Real Estate Brokerage Owned by Amy Towillis.

We focus on relational services to be your continued real estate resource before, during and after your transaction.

We donate proceeds from every transaction to a charity.

We customize your real estate experience to… more »


Recent posts

  • False Home Sale Price Recorded
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    Do you know the price the home sold for from the NWMLS or from tax records? If it was listed on the MLS and sold while listed on there the sales price the home sold for will reflect on there. This could affect your home value if you went to refinance or sell as the property would be looked at as a comparable sale. Normally appraisers call on properties that reflect a low price to find out the background story if it was sold to a relative for a low price or some other circumstance such as you suspect. If you don't plan on doing anything with your property in the next six months, it won't affect your value as market value comes into play when you want to sell or refinance. I'm not really sure how you could prove that part of the transaction was off the books if you suspect so. When the deed is conveyed to another party it is recorded at the courthouse for the amount that was paid and that is what excise tax is paid on. If the seller is from a foreign country but now a citizen or permanent resident he would be subjected to all the same income reporting laws as US Citizens, but if they live in another country and hold accounts over there, I'm not sure how much investigating of that the IRS can do if his return shows red flags. If you have an accountant he would be able to advise you better regarding Investments by Foreigners.

  • Questions about new structures in residential lots.
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    If you live in the City of Seattle, I would call the Department of Planning and Development, they have a Compliance Division, which sounds like what you are looking for and look into Filing a Complaint.

    http://www.seattle.gov/dpd/Compliance/Filing_a_Complaint/default.asp

  • Comment on Rhino Roz Realty's answer…
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    Yes, I would say hypothetically you are okay. It would be more of a factor at the moment if it was sold and would be an active comparable or it was still for sale and you wanted to list your house and it was competition.

  • Comment on Rhino Roz Realty's answer…
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    Yes, 20% down is the best scenario as mortgage insurance doesn't go towards anything! One issue to keep in mind is that with every percent interest rates go up it lowers your buying power by 10% to keep the payment the same. If rates go up as well as property values in two years you might be looking at either a higher payment or a lower purchase price.....

  • How much for a down payment?
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    I think that if you can afford $1400/month that purchasing a condo is completely reasonable. The best scenario is if you can put 20% down and avoid having MIP insurance, which at the moment seems to be anywhere between $250-$350/month. If you are unable to put 20% down than it would be best to work with a mortgage broker to decide what loan product is best for you.

    FHA has a great program that allows you to only put 3.5% down. There are also conventional financing programs with 5% and 10% down. Just bear in mind that all these programs will have the extra added cost of mortgage insurance. In addition if you are looking at purchasing a condo in the Capitol Hill area, I would only recommend looking at simple fee condos, not coop condos. Capitol Hill has a lot of coop condos that are more affordable but you do not take ownership in the same manner and coop's can never be rented out. Home Owner's Dues range in that area anywhere from $200 upward to $500/month depending on the amenities that the building offers. If you are looking at a building with a pool and a 24-hr doorman, you will be paying significantly higher monthly homeowner dues.

    I think you know when you are ready to buy a place if you have the money to do so, the income to back it up, good credit and can't stop looking at listings online! :-)

  • Neighbor's sale price - effect on my home's value?
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    If your neighbors home is truly the closest comparable in your neighborhood, it will directly affect the value of your home if you were to put it on the market today or get it appraised. The past 6 months of homes are looked at by agents and appraisers when evaluating value.

  • Comment on Rhino Roz Realty's answer…
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    Thank you for your comments. Most doors being replaced are being done with Steel Doors that are painted and might actually looked like wood doors. They are more secure, last longer and don't warp compared to wood doors. You might be surprised how many you see around Seattle if you started paying attention!

  • What is the current state of the Seattle Real Estate market?
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    Yes, things are selling, in fact, the NWMLS Brokers report just released for May 2011 indicated that there are areas in fact seeing multiple offers. Despite the latest figures that show fewer sales and lower prices than a year ago, the shortage of good listings have set the stage for multiple offers on appealing and well priced homes. Particularly in areas of North Seattle under $500K, the inventory supply is down 13% from last year and the lowest in 4 years. In other areas of King Country, Brokers believe the market has hit bottom on homes under $350K as well as attractive higher priced homes.

    Buyers are being more realistic with loans they are seeking as well as their offers and sellers are more apt to price their home closer to its true value of today.

    The decline in inventory, boost in the Seattle economy and Job creation has spurred healthy housing activity and all show signs that the housing industry here is stabilizing in many areas. While it doesn't happen overnight I do believe through 2011 and 2012 their will be a good recovery.

  • What's the best thing you can do to increase resale value?
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    New Windows & Doors Boost Curb Appeal & Get you the Most Bang for your Buck. The front of your Home is what Neighbors, Guests & Buyers see first.

    Installing a new steel entry door or garage door is a quick fix and an easy project that has a high rate of return on your investment. Moderately Priced Vinyl Windows also produces one of the highest rates of return for 2010.

    To see more Projects that have high rate of returns you can view the National Association of Realtors 2010-2011 Cost Versus Value Report for the Seattle Area.

    This can been seen at: http://www.remodeling.hw.net/2010/costvsvalue/division/pacific/city/seattle--wa.aspx

  • See all of my 0 Questions , 6 Answers and 3 Comments