Monday, June 29, 2009

Crazy Deals!

Lexington Homes has 3 homes in Sommerset View Estate that they are trying to unload and have dropped the prices considerably. In addition, they are offering special financing through Banner Bank at 3.875% with only 5% down on a fixed 30 year rate OR.... even better ZERO down and NO PMI with only a 4.875% 30 year fixed rate. The low rates save $300 to $500 off the going rates at about 5.5%. It is obviously subject to lender approval and all the normal disclaimers but Banner has been very generous with their qualification guidelines.

To sweeten the pot even more... Lexington is also taking homes in on trade. He has completed about 7 trades so far since January. The trade in home has to be at $275k or less and in the Spokane area - all subject to bank approval. Lexington will pay you 90% of the homes appraisal/market value but you do not have to pay agent commission on top of that. It turns out to be a pretty amazing opportunity if someone wants to move up and doesn't want to worry about trying to sell their home.

We have 3 homes left with this financing and trade option:

1) 6016 N Rose Eva Was: $499k NOW:$419,900
2) 7901 E Central Was: $409k NOW: $325k
3) 8009 E Sommerset Ct. Was: $389k NOW: $309k
Call or email if you have questions on this program.
Melissa A. Dailey
Cell: 509.879.7858

Saturday, June 13, 2009

Great New Listing

14902 E. Palomino Lane - The Crest gated community

Here is a beautiful home that is priced very aggressively at $300k+ under the other homes in this development. It is a 6k sqft daylight rancher on 10 acres with 6+ large bedrooms, 6 bathrooms, 4 car garage, theater room & more!{825C8497-5182-49E6-A5DE-D4FAF9F83F38}&r=http%3A%2F%2Fwww%2Etourfactory%2Ecom%2FInventory%2FTourDetails%2Easp%3FnTourID%3D521727

Friday, June 5, 2009


As we transition through this downward cycle in the national real estate markets, I thought it would be interesting to track and converse on issues or concerns others may have on what that really means for us here in Spokane.

I have been a real estate agent for Tomlinson Real Estate Group for just over 6 years. During that time, I was able to experience the largest cycle of appreciation and seller's market Spokane has ever experienced. But as those things go, this winter we also experienced the worst market in Spokane history. Fortunately, we do not see the huge rise and falls as some of the other harder hit regions. We tend to be a more conservative market in terms of appreciation which is a safer more stable way to grow.

I will post article or comments on news worthy information and welcome any topics of discussion.