This one did not take long to go under contract as it was priced to sell. I had it built in 2oo3 by Charter Construction, and it was a great rental from the get go. I never had any problems renting it in the nine years of owning it. It’s also held up well with minimal maintenance required. It is bitter-sweet because I kind of hate to let it go.
Duplex For Sale – 2627 O’Shaughnessy
I recently listed this duplex, which is conveniently located in Hellgate Meadows, just behind Four Paws & Home Depot, close to Reserve. This listing is owned by me (a licensed real estate agent in the state of Montana). It has been a great, low maintenance, rental the past eight years. For more details click on the “showcase listing” tab. If you want to see one of the units while it is still vacant, please me call soon while it’s easy to show, because it usually rents pretty quickly. 406.360.7835.
433 Plymouth Reduced to 270K
Just reduced 433 Plymouth to $270,000. I’m planning on doing an open house Wednesday evening 5-7PM. Please come check it out. This is house house been well maintained and has many nice upgrades including: updated wiring, blown in insulation, newer furnace, remodeled shower & kitchen, new windows, ceiling fans and in-ground sprinkler system. At this price, this neighborhood… come on now! This has got to be looking pretty enticing to those wanting to live in the slant street area.
Townhome vs Condo
What’s the difference between a townhome (townhouse) and a condominium? The way I usually keep it straight is that townhomes tend to be fee simple ownership, meaning the owner has a legal right to the home, the land it sits on, the air space above it and, in many cases, a small yard area around it. With a condo, you own the unit but not the land. Both usually have HOA dues to pay for common ground maintenance and both usually have a shared wall with another unit/home. HOA covenants vary widely from development to development. It is very important to ask how much dues are and what they cover. Even with townhomes, where you typically own the land, you still have to abide by restrictions detailed in the HOA covenants. Just because you own that little piece of land, doesn’t automatically mean you can put a trampoline on it; nor can you modify the home’s exterior without HOA approval.
LENDING TIGHT ROPE
A couple lenders came to our Portico office today to give us a heads up on what’s going down in the lending world. Well… this is all you need to know — Be fully prepared for closing delays. An onslaught of recent lender regulations has mortgage lenders struggling to meet closing deadlines. They are walking a tight rope these days. To save yourself a ton of anxiety just anticipate the lending aspect of a deal to have its snags. Then, if everything ends up running smoothly and you close on time, you’ll be pleasantly surprised.
OPEN HOUSE SUN 1-3PM
9625 Cedar Ridge Rd
I’ll be hosting an open house for KD this Sunday (7/24/11), 1:00-3:00PM up O’Brien Creek. Great barn-shaped home, nestled in the woods behind Blue Mountain, sitting on some nice acreage. It’s a beautiful spot, private yet only 15 minutes from Missoula. I love the deck at this place; come sit on it with me this Sunday. I’ll do my best to sign you in off of O’Brien Creek Road.
- 3 bed, 1 bath
- 2,016 sq ft
- Built 1980
- 11.64 acres
- MLS 20114489
Asking $329,900
433 Plymouth
433 Plymouth just went up on the market today (6/13). Please check out some of the pictures under my “Showcase Listing” tab.
This is a charming home in a desirable neighborhood, within walking distance to Cafe Dolce, the University, and Downtown. There is beautiful landscaping in the private fenced yard and stately street trees along the boulevard. This three bedroom house offers a recently remodeled kitchen and bath, updated wiring, insulation and windows. The yard includes a raised vegetable garden bed and is equipped with an automated sprinkler system.
It’s tough to find Slant Street listings these days, so this is a bit of nugget!
CAN I KNOW WHAT SOMEONE ELSE IS OFFERING ON THE SAME PROPERTY?
The short answer is NO. The seller is not legally obligated to disclose other offers, let alone amounts. The selling agent is bound to his client’s wishes (within the state’s legal parameters).
From the NAR® Standard of Practice in the Code of Ethics guide – “REALTORS®, in response to inquiries from buyers or cooperating brokers shall, with the sellers’ approval, divulge the existence of offers on the property.”
The existence of multiple offers must be disclosed when a buyer or broker asks if there are other offers AND if the sellers agrees to disclose that another offer exists. There must be an inquiry and the seller has to be willing to disclose it. It will frustrate other agents if they are not told that there are existing offers on the table. However, in most cases, this isn’t going to happen because the majority of sellers invite the competition. It is usually to the sellers advantage to allow their agent to disclose if other legitimate offers exist .
Does a full price offer obligate the seller to accept it?
The answer is NO. It is unusual not to land a home with a full price offer, especially in today’s environment, BUT legally the seller does not have to accept any offer even if it is the listed price.
