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MLS #1076134

11503 Juanita Drive NE, Kirkland 98034

2,390 square feet
4 bedrooms/2.25 baths
64,033 sq ft lot

Price: $1,350,000

Striking NW Contemporary 2-sty on 1.47 acres backing to wooded ravine for privacy. Plus development opportunity w/ App. in process with Kirkland for Short Plat creating 3 additional lots. Perfect for small builder, investor or an ideal assemblage or compound. Unique floorplan with separate Master Ste. soaring ceilings, oak floors, basalt fireplace & new deck with hot tub. Big investment in engineering & fees, minimizing Risk of most potential projects. Terms considered, Great investment!

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Jim Lloyd in the News

As seen in the Kirkland Reporter:

 

Annexation necessary for future of emergency services in Kirkland

Dec 09 2009, 4:50 PM
I have been a commissioner for King County Fire District No. 41 for 18 years and wish to share my perspective on annexation and the future of emergency services in our community.

Forty years ago, the Kirkland City Council and the Commissioners of Fire District No. 41 made a wise decision when they entered a joint operating agreement. They recognized the economies of scale in having one fire department serving the entire community. The resulting Greater Kirkland Fire Department is one of the best run, most cost-effective departments in the state.

If the council approves the annexation, the City of Kirkland will assume the assets of the district and the fire department will continue to deliver its excellent services. However, if it does not, this outstanding fire department will likely be split up and its economies of scale lost.

King County is committed to divesting itself of municipal services in the PAA and other urban islands. If Kirkland does not annex the PAA, the county will arrange for annexations by other cities. When those annexations occur, the assets of the fire district will go to those cities. Kirkland will face a hole in the fire department annual budget in excess of $2 million. Kirkland will also need to build a new station to serve Totem Lake, since the district’s station on Northeast 132nd will go to the annexing city.

Residents of the city and the PAA will be most benefitted by the continuation of the Greater Kirkland Fire Department with this annexation.

James Lloyd is the President of the Board of Commissioners for Fire District 41.

 

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Here’s a helpful video with tips on what to expect during the home buying process.

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This is an article that we found and felt it was worthy of posting…good information.

Deal of the Day by Lisa Scherzer
Published May 4, 2009 on SmartMoney.com

While there are glimmers of hope that the real estate market is nearing a bottom, homeowners longing to get the For Sale sign off their front lawn still need to brace themselves for a rough road ahead.

Houses continue to flood the market and prices are still declining (although at a slower pace). Sales of existing homes, fell 3% during March (year over year, the decline was 7.1%), according to the most recent data from the National Association of Realtors.  Meanwhile, the latest S&P/Case-Shiller Home Price Index indicated that home prices in 20 major cities dropped 18.6% year over year in February.
Tack on near-record-low mortgage rates and more generous tax incentives, and home  buyers clearly have the upper hand. While that may mean sellers will need to make some concessions — like covering a percentage of buyers’ closing costs or their first few mortgage payments — they aren’t completely hamstrung. Sellers just need to know what it takes to stand out in a crowded market and how to appeal to buyers without sacrificing too much financially, says Tara-Nicholle Nelson, a real estate broker in Oakland, Calif.

To get the best deal when selling your home, try to avoid these all-too common mistakes.

1. Failing to vet your real estate agent.

Without an experienced real estate agent who is familiar with the ins and outs of the sale process, your home may languish on the market. When shopping for agents, ask for references, as well as their track record with homes in your price range and geographical area. Equally important is their list-price to sell-price ratio (that’s the original asking price compared with the actual sale price). You want to see that the agent is selling homes at or near the asking price. If an agent’s listings were in the $400,000 range, but sold in the $325,000 range, consider looking for someone else.

2. Setting the price too high.

Sure, you may have bought your house at the market peak, but be aware of the correction that’s since taken place. To price your property appropriately, find out what comparable homes in the area sold for and how long they stayed on the market, says David Hanna, president of the Chicago Association of Realtors. Real estate search engine sites like Zillow.com and Trulia.com give buyers an automated – and estimated – valuation of your property. If your listed price is significantly out of sync with the results, you’ll probably have a hard time drawing buyers, he says.

3. Waiting for a market rebound.

Moody’s Economy.com forecasts that the housing market will hit a bottom at the end of this year, and start a slow recovery in the first half of 2010, says Celia Chen, senior director of housing economics at the financial research firm. But that doesn’t mean you should wait until then to sell your home. In fact, waiting could cost you thousands of dollars in home value, says Pam O’Connor, president of Leading Real Estate Companies of the World, a national network of real estate agencies. If your home is worth $300,000 now, but area prices are expected to sink another 10% by the end of the year, that’s $30,000 you missed out on by postponing the sale.

4. Skimping on listing photos.

The Internet is the first stop for many home shoppers. How you present your home online is just as      important as how it looks during the open house. Sellers should include as many pictures as allowed on real estate listing sites and on the local Multiple Listing Service, an online clearinghouse of property listings, says Nelson. Highlight the rooms and features home shoppers care about the most: the kitchen, bathrooms and outdoor space.

5. False advertising.

Don’t misrepresent your house – either through your description or by retouching photos to the extent that it’s misleading – and don’t let your agent either. Altering a photo to add shrubbery to the front yard or  making the neighbor’s house look farther away than it really is won’t fool anyone, says Nelson.

6. Failing to incentivize buyers.

Lowering your asking price isn’t the only way to grab a prospective buyer’s attention. Offer extra perks like paying for a year’s worth of dues at the local golf club or a $1,000 decorator allowance, says O’Connor.

7. Waiting to fix up the place.

If you know a part of the kitchen’s hardwood floor needs to be replaced, do it before the open house.   Deducting the cost of such necessary repairs from the asking price will cost you a lot more than just     getting the project done yourself.

8. Taking offense at lowball offers.

Home buying is one of last great bastions of haggling in the U.S. And now more than ever, buyers are testing the waters to see how low they can go, says Hanna. Rather than turning your nose at what you think is a low bid, present a realistic counter offer. That way, you can spark a real negotiation.

9. Failing to make sure the buyer can afford the house.

Any offer you receive should specify that the buyer has been pre-approved for a mortgage big enough to purchase your home. The fall-through rate on transactions is around twice what it was just two years ago, says Hanna, and it’s usually because of a financing problem.

10. Being inaccessible.

Make it easy for buyers to arrange to see your home. “If I need to call you numerous times just to get a buyer in your house,” it won’t get shown or sold, says Nelson. Leave a lockbox with a key at your door so the buyer’s agent can get in when you’re not home. (Only members of the local Multiple Listing Service can get an electronic key, which opens the box that holds the house key.)

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The Wall Street Journal ran an interesting blog post quoting the reactions of ten different economists to the Federal Reserve’s decision to buy Treasury bonds.   It’s a useful read for getting a range of viewpoints on a very complicated issue.  Here’s the link to the article:

http://blogs.wsj.com/economics/2009/03/18/economists-react-huge-step-forward/

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An article in the Wall Street Journal yesterday advised homeowners to beware of companies that charge fees for help with loan modification services.  These services are actually available for free, and many people have reported paying fees of $1,000 to $2,000 for credit repair or loan modification help that never materialized.

They report that scammers are likely to take advantage of the publicity surrounding the new loan modification options available.

The Journal advises going to www.hud.gov, and to first call the loan servicer before seeking aid from a third party.  They also note that the mortgage industry has a “Hope Hotline” that might also be useful, at 888-995-4673 or www.hopenow.com.

Here’s a link to the Wall Street Journal article.

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