Pacific northwest events on the calendar

With the coming of spring the days get longer, the air gets warmer, the birds begin to sing. As you look around, you see many changes taking place but the most stunning transformation has to be in the plants. Almost magically, barren branches start to bud, brown grass turns green, and tiny little shoots push up through the soil; and with the changing of the season, we close another chapter of events that have come to define winters in the Pacific Northwest.
Nonetheless, when one door closes, another opens and with that, we are given an opportunity to enjoy the vast array of springtime activities that are also unique to our region.
If you are looking for things to do in Renton, Newcastle, Bellevue and the surrounding area, I have updated my Local Community Events Calendar found online at: http://www.bensonhillnews.com/index.php?pageId=calendar

There are literally hundreds of Pacific Northwest events on the calendar. Some of the most recent additions have been added to the pre-school programs page and are listed below.

Jazz Tuesdays: 5-8 PMCost: Free. IKEA Restaurant, 601 SW 41st St., Renton. www.ikea-usa.com/seattle

JubilantBands perform at various times Friday and Saturday305 Burnett Ave. S., Renton WA425-226-1544 or http://www.jubilante-restaurant.com/

RUSH - May 31st - Gorge at George www.hob.com/venues/concerts/gorge

INXS - June 3rd - Marymoor Park http://www.concertsatmarymoor.com/

Keb’Mo’ / Taj Mahal - June 24th & 25th - Zoo Tunes at Woodland
Park www.zoo.org/zootunes

John Hiatt - June 29th - Marymoor Park http://www.concertsatmarymoor.com/

Indigo Girls - June 29th - Zoo Tunes at Woodland Park www.zoo.org/zootunes

The Police - July 12th - Gorge at George www.hob.com/venues/concerts/gorge

Rob Thomas & Jason Mraz - July 12th - Marymoor Park http://www.concertsatmarymoor.com/

Widespread Panic - July 14th & 15th - Marymoor Park http://www.concertsatmarymoor.com/

Marc Cohn / Aimee Mann - July 16th - Zoo Tunes at Woodland Park www.zoo.org/zootunes

Emmylou Harris - July 24th - Zoo Tunes at Woodland Park www.zoo.org/zootunes

String Cheese Incident - August 1st & 2nd - Marymoor Park http://www.concertsatmarymoor.com/

Steve Miller Band - August 2nd - Gorge at George www.hob.com/venues/concerts/gorge

Nickel Creek - August 11th - Marymoor Park http://www.concertsatmarymoor.com/

Boz Scaggs - August 13th - Zoo Tunes at Woodland Park www.zoo.org/zootunes

Tom Petty - August 15th & 16th - Gorge at George www.hob.com/venues/concerts/gorge

Ani DiFranco - August 18th - Marymoor Park http://www.concertsatmarymoor.com/

The Avett Brothers - August 27th - Zoo Tunes at Woodland Park www.zoo.org/zootunes

Dave Matthews Band - August 29th - 31st - Gorge at George www.hob.com/venues/concerts/gorge

Los Lonely Boys - August 30th - Marymoor Park http://www.concertsatmarymoor.com/

Bumbershoot - August 30th - September 1st - Seattle Center http://www.bumbershoot.com/

If you have something you would like to see added to the calendar, please submit your request by going to the community calendar page and click add an event at the top. Please limit your event postings to those taking place in Washington State’s King, Pierce, Thurston, Snohomish, Skagit, Lewis, Mason, Island, Grays Harbor and/or Kitsap counties.

Event information is subject to cancellation or change. Please phone ahead to confirm event dates, times and costs.
Have a great weekend!


Lonnie Snyder
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 206-406-2710
E-Mail: snyder@kw.com
Website: http://www.callsnyder.com/
Blogsite: http://www.renton-real-estate.blogspot.com/
Lonnie Snyder is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers in Washington’s Kent, Renton, Newcastle and South Bellevue areas.

How do I get the real scoop on homes I am looking at?

When you are looking at homes in the Renton, Kent, Seattle area how can you find out what you are looking at. Home inspections, seller disclosure requirements and the agent's experience will help. Here is a summary of the things you could expect to see in a disclosure form:
* In the kitchen -- a range, oven, microwave, dishwasher, garbage disposal, trash compactor.
* Safety features such as burglar and fire alarms, smoke detectors, sprinklers, security gate, window screens and intercom.
* The presence of a TV antenna or satellite dish, carport or garage, automatic garage door opener, rain gutters, sump pump.
* Amenities such as a pool or spa, patio or deck, built-in barbeque and fireplaces.
* Type of heating, condition of electrical wiring, gas supply and presence of any external power source, such as solar panels.
* The type of water heater, water supply, sewer system or septic tank also should be disclosed.
Sellers also are required to indicate any significant defects or malfunctions existing in the home's major systems. A checklist specifies interior and exterior walls, ceilings, roof, insulation, windows, fences, driveway, sidewalks, floors, doors, foundation, as well as the electrical and plumbing systems.
The form also asks sellers to note the presence of environmental hazards, walls or fences shared with adjoining landowners, any encroachments or easements, room additions or repairs made without the necessary permits or not in compliance with building codes, zoning violations, citations against the property and lawsuits against the seller affecting the property.
Also look for, or ask about, settling, sliding or soil problems, flooding or drainage problems and any major damage resulting from earthquakes, floods or landslides.
People buying a condominium must be told about covenants, codes and restrictions or other deed restrictions.
It's important to note that the simple idea of disclosing defects has broadened significantly in recent years. Many jurisdictions have their own mandated disclosure forms as do many brokers and agents. Also, the home inspection and home warranty industries have grown significantly to accommodate increased demand from cautious buyers. Be sure to ask questions about anything that remains unclear or does not seem to be properly addressed by the forms provided to you. I would be happy to help.

Should I have a home warranty?

If you are buying a house in Renton, Kent or greater Seattle area, You should have a home warranty.

What is a home warranty?

The standard home warranty is a one-year service contract that protects a resale home buyer or current homeowner against the cost of unexpected repairs or replacement of major systems and appliances that break down due to normal usage. Coverage is also available to home sellers during the listing and escrow period to help them keep unforeseen breakdowns from potentially delaying the close of sale.

How does a home warranty help me?

Old Republic Home Protection customers enjoy peace of mind, convenience, budget protection, and easy, dependable service. No more "searching the Yellow Pages" for a reputable repairman, no more "hassles" over the cost of repairs, no more "budget busting" repair bills.

Who handles the repairs?

Old Republic Home Protection maintains a network of qualified independent service contractors to serve you. The independent contractors we use have been carefully screened and meet our stringent service standards. We also follow up on every call to ensure that you are satisfied with the service that you have received.

Do home warranty plans cover appliance or system replacement?

Yes. You may already have warranties on individual items in your home, check these warranties carefully, since they may only cover parts and/or labor. With Old Republic Home Protection, parts, labor, and system replacement are all covered. Please review our Plan for complete coverage terms & conditions.

What is the difference between my homeowner insurance policy and a home warranty plan?

Old Republic Home Protection's one-year home warranty covers items not covered under your standard homeowner policy-filling a critical gap in the protection of your home. For example, if your dishwasher leaks and water damages the floor, your homeowner's insurance policy may cover the damage to the floor, but not the repair or replacement of the dishwasher. With an Old Republic Home Warranty, your dishwasher is covered!




If your looking to buy in Renton I make sure that all my clients get a Home Warranty. Call me to find out how you can get your home warranty.

Protecting your property

There is a lot that you can do to be prepared for an Emergency.
The City of Renton, like all communities in the Puget Sound region, is susceptible to any number of natural or man-made disasters. These include earthquake, fire, flood or other technical disasters. During the first 72 hours of a major incident, City services may be stretched to their limits and resources will be directed to locations where the need is the greatest.
During a disaster such as a major windstorm, flooding, or earthquake, all official radio communication channels within the City could potentially be jammed with emergency traffic. Recognizing the uncertain nature of emergency communications, the Renton Fire and Emergency Services Department coordinates a group of amateur radio operators that help the City during emergencies.
The City of Renton does have an Emergency Response Plan in place to provide for recovery after a disaster; however, these plans take time to implement and individuals and families need to develop a degree of self-reliance for the first 72 hours. To help prepare for a disaster, the City of Renton encourages citizens to:
Assemble a Disaster Supply Kit
Determine a central contact (preferably out of state)
Learn CPR and First Aid
Determine a central meeting point outside your home
Find out how to shut off the water, gas, and electricity
Attend an Earthquake/Disaster Preparedness Class
Develop a Family Emergency Preparedness Plan
Avoid Chimney Related Hazards
Other Resources that can help you prepair is the Disaster Preparation Handbook published by the Washington State Emergency Management Division and the Department of Health.
Visit King County's Personal Preparedness Website to learn how to develop a family disaster plan, what to include in your disaster kit, and what is needed to shelter-in-place. Whether it be at home, school, work, or when you're outside, Be Prepared!
Look for additional emergency-related information at the Washington State Department of Emergency Management.
Ready.gov is a common sense framework designed to launch a process of learning about citizen preparedness. One of the primary mandates of the U.S. Department of Homeland Security is to educate the public, on a continuing basis, about how to be prepared in case of a national emergency.
If you are interested in obtaining any booklets or specific information, please contact the Fire Department at 425.430.7027 or send email.

But what about your property. It is your biggest investment.
While it's difficult to predict when a natural disaster might strike -- and what kind of damage it could cause -- you can take steps to protect your home and your belongings. Money magazine offers these "before and after" financial tips to consider:
Before Disaster Strikes:
Update your homeowners insurance policy. Be sure to include any recent renovations or improvements.
Consider buying a replacement-cost policy rather than an actual-cash-value policy, so that you'll be compensated for the amount it costs you to replace your belongings.
Create an inventory of your household items. One way is to use a video recorder and narrate as you go, noting specific details such as serial numbers. Or, take still photographs and make a list. Make sure to store these items and other important documents in a water- and fire-proof container or safe-deposit box.
In The Aftermath:
Contact your insurance company immediately, even if you're not sure if your policy covers the type of damage you've suffered.
If you're ready to clean up but concerned about moving anything before the insurance adjuster shows up, take pictures first.
Save all receipts -- even for incidental costs like gas and meals -- related to the disaster.
Before you bring in a contractor to rebuild or repair, you'd be wise to get several bids in writing. Also, Money advises making sure the job has been completed to your satisfaction before you pay the total bill.
If your home is uninhabitable, have utilities (water, gas, electricity) and phone service stopped, and contact creditors immediately if you think you'll have trouble paying your bills.
You may be able to take advantage of available tax breaks for losses suffered; consult your insurance representative and/or financial or tax advisor about your specific situation.

I love my Tankless Hot water installed by Maple Valley Plumbing.

I recently bought a house in Renton. My wife & kids love living in the Benson Hill area. With the prices in Renton Real Estate we were able to sell and buy a newer house that needs a little work.
After some evaluation I found out that the tankless water heater is a more efficient way to heat water. It heats water quickly and delivers an endless supply of hot water for as long as you need it. With the tankless water heater, you only pay to heat water when you need it and for as long as you want it.
That mean it doesn’t matter if I took a shower before or after the kids. Everyone had enough hot water to finish their shower. Here are a few of the points that I love about my tankless water heater.

1. Produce and supply endless streams of hot water to multiple outlets simultaneously without any fluctuation in temperature
   
2. Are up to 30 percent more energy efficient than a traditional natural gas water heater and up to 50 percent more efficient than an electric water heater
   
3. Shut-off automatically when the water supply is closed, providing users with significant energy savings - in turn saving money on their utility bills
   
4. Are compact wall mounted units with a life expectancy of 20 years, whereas hot water tanks require about 16 square feet of floor space and usually last around 10 years
   

After all, who doesn’t need a little more space or money?

Now another important note is you need someone you can trust to install it properly for you. I had a number of company’s come out and talk to me. One wanted to charge me just for the estimate. Forget that people. Maple Valley Plumbing has built a reputation in the Maple Valley area by providing unparalleled service to their customers. With quality plumbing service at an affordable price I enjoyed the job they did for me. They have since helped me with other plumbing service and repair. You can contact them at Maple Valley Plumbing & Pipeworks, Inc 23312 Suite B Maple Valley Highway Maple Valley , WA 98038 Phone: 425-432-7599
If you have any questions about my Rinnai tankless water heater or Real Estate please email me.

Beyond the house itself, what should I look for in Renton Real Estate property?

Looking at Real Estate in Renton can be fun.
Once you've found the right home, take a good look at the land it's built on before you buy. Check for:

Easements: Whose are they and where are they located? Will you be able to build a garage, shed, fence or other improvements while avoiding the easement areas?
Flood: plain Is part of the lot marked for flooding areas? How often and for how long is the area under water? Has the house ever been flooded or threatened by high water?



Boundaries: Where are the true lot lines? Is the fence properly placed within the lot? Will there be room to build a deck or addition to the house later on?
Utility cables: Where are they located? Will it be possible to add phone lines or upgrade electrical capacity later? Hydrant How close is the nearest fire hydrant? This, and the proximity of the fire station, are often important when purchasing homeowner's insurance.
You may have to do a little research to answer some of these questions, and may want to make any contract contingent upon your being satisfied with the results.
Being a Real Estate professional I would be happy to help you. Please call me or email me with any questions.

Tips to cut your operating costs

Modern appliances may make life easier, but they also consume energy and water. Here are some tips for cutting appliance operating costs--without sacrificing convenience:
Gas stoves and ranges: If you're thinking of replacing your current range or oven with a new gas model, consider choosing a unit with an electronic ignition. Pilot lights burn gas--and money--24 hours a day. Also, when gas is being burned efficiently, the flames are blue; if they're yellow, call in a professional to have the unit adjusted or repaired.
Refrigerators: If yours is more than 10 years old, consider replacing it. At the very least, replace door seals that no longer fit tightly. If you have more than one refrigerator and a separate freezer, think about replacing them with a single larger refrigerator/freezer unit.
Clothes washer: Pre-1985 models can eat up valuable kilowatts. Upgrading to a newer, front-loading model can cut water consumption by about 25%.
Water heater: The National Association of Home Builders says heating water consumes nearly 13% of the average home's monthly energy bill. If your water heater is 10 or more years old, consider replacing it with a new, high-efficiency model.
Shower heads: The cost of installing low-flow models will be repaid with reduced energy costs to heat the water as well as lower water bills.
Toilets: Unlike early low-flow versions, today's low-flow toilets really work and can cut water use in half or better.

When looking for new appliances, search for those with ENERGY STAR certification to find the most efficient models. The ENERGY STAR website (www.EnergyStar.gov) offers information on certified products in more than 40 categories, along with a wealth of resources to help you plan and undertake projects to reduce your energy bills and improve home comfort.
Tips For The TakingFor tips on saving energy around the home, visit the website of the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) at EERE.energy.gov/consumer.
For printed information, call the EERE Information Center toll-free (877) 337 3463 for a copy of these free publications:

• Energy Savers: Tips on Saving Energy Money at Home
  
• Energy Savers Cool Summer Tips
  
• Energy Savers Hot Winter Tips

Feel like doing some spring cleaning?

The Benson Hill PTA Rummage Sale will be held May 31st from 9am - 4pm.
Donations will be received at the school cafeteria on Friday, May 30th, 3:10p.m. - 7p.m.
Suggested items to donate include: clothes, jewelry, furniture, CDs, DVDs, books, artwork, electronics, toys, bicycles.

WOW Skeleton found at a Renton construction site

Police say there was nothing to indicate a crime.
Skeletal remains found Thursday at a construction site in the Renton Highlands likely belonged to a person who was buried more than 60 years ago on the property, Renton police reported.
Police excavated the property after an adult jawbone was found Tuesday while the developer was digging to connect utilities to new homes at 2209 Edmonds Ave. N.E. In their excavation, police found more remains, along with metal poles and brackets that likely were part of a casket, police spokeswoman Penny Bartley said.

"We believe these remains were no doubt a family member or a loved one of the property owners Typically we don't see crime victims buried in caskets."
The ornate pieces likely were crafted between 1910 and 1940, based on an examination by the state Department of Archaeology and Historic Preservation. The casket likely was wooden and had deteriorated, Bartley said.
Up until 1943, it was legal to bury human remains on one's own property.
The original home was demolished to make way for new construction. The developer recently bought the property through a private trust, police said.

Guess you just never know what your going to find.

Can Small Changes Save You Some Cash

You don't have to spend a dime to noticeably reduce your home's utility bills. Here are some easy lifestyle choices worth adopting:

• If your dishwasher has an energy-saving feature, use it. Don't run the washer until it is completely full, then use the shortest cycle that will get the dishes clean.
  
• Set the refrigerator's temperature to 40 and the freezer to 0. Use the "efficiency" setting if it has one.
  
• Use small appliances whenever possible--toaster ovens, microwaves, pressure cookers.
  
• Turn your electric oven off several minutes before cooking is completed--heat is retained for quite a while after the oven is turned off.
  
• Cook outdoors during summer and consider eating more no-cook dishes such as salads.
  
• Turn your water heater's temperature down to 120 degrees F, even 115 degrees F (the factory setting is often 140 degrees F.). Turn it way down or off when you're away from your home on business trips or vacations.
  
• Take showers instead of baths. Turn off the tap while brushing your teeth or shaving.
  
• Use your washing machine's cold-wash setting whenever possible. Use the warm or cold setting on your dryer, or hang your clothes on a line to dry.
  
• Turn off lights when you leave a room. Use lower-wattage bulbs throughout the house or switch from incandescent bulbs to compact fluorescent bulbs (CFLs), which can cut lighting bills by 50% and last 10 times longer.
  
• Set your thermostat to 55 degrees F in winter or 80 degrees F in summer for long absences--work, vacations or business trips.
  Make sure air registers are not blocked by furniture or curtains.
  Close drapes, blinds or shades during the hottest part of the day in summer and the coldest part of the day in winter--or all day long if you're not going to be there.
  

If there is anything else that you can think of please let me know.

Waterfrount Living Concerns.

Waterfront living is among the most desirable of locations in our area. The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating. However, all this joy is not without some special concerns.

River Rising
The most common fear heard from waterfront homebuyers is their concern that the river may rise and roll into their home. While it is not an impossible scenario, it is truly rare. More often than not, the water that posses the greatest risk to the waterfront home is not from the river, but rather from the water flowing overland toward the river. Always remember that the river is the place that all water flows to. How a particular home is oriented to or obstructs the flow of water moving toward the river determines how dry the house remains. And for many homes in is not just how dry it is in the home, but also under the home.

Surface Water Toward River
The majority of water that affects the home is the surface water flowing toward the river. The volume of water can be in the thousands of gallons per hour during a heavy shower. If the grade of the lot is not proper, this can mean thousands of gallons of water in or under the home. So, when looking at waterfront property, enjoy the view over the water, but be sure to look inland to be sure that your experience with water front living won't be with water in the living room!

What To Do After The Flood
But what should you do after you've experienced a flooded home? There is hope! Your home and its contents may look damaged beyond repair, but many items can be restored. There is a high probability that by acting quickly, your flooded home can be cleaned up, dried out, rebuilt, and reoccupied sooner than you think. After your home has been flooded, play it safe. Always seek professional help. And while in the midst of cleaning and repairing, consider your preparation for the future. The American Red Cross and the Federal Emergency Management Agency (FEMA) suggests the following steps if your home has been flooded:

Take Care Of Yourself First
Take Care of Yourself First - Protect yourself and your family from stress, fatigue, and health hazards that follow a flood.
· Give Your Home First Aid - Once it is safe to go back in, protect your home and contents from further damage.
· Get Organized - Some things are not worth repairing and some things may be too complicated or expensive for you to do by yourself. A recovery plan can take these things into account and help you make the most of your time and money.
· Dry Out Your Home - Floodwaters damage materials, leave mud, silt and unknown contaminants, and promote the growth of mildew. You need to dry your home to reduce these hazards and the damage they cause.
· Restore the Utilities - The rest of your work will be much easier if you have heat, electricity, clean water, and sewage disposal.
· Clean Up - The walls, floors, closets, shelves, contents and any other flooded parts of your home should be thoroughly washed and disinfected.
· Check on Financial Assistance - Voluntary agencies, businesses, insurance, and government disaster programs can help you through recovery.
· Rebuild and Flood-proof - Take your time to rebuild correctly and make improvements that will protect your building from damage by the next flood.
· Prepare for the Next Flood - Protect yourself from the next flood with flood insurance, a flood response plan, and community flood protection programs. This step also includes sources to go to for additional assistance.

For More Information
For more information on repairing your home after a flood, please visit http://www.redcross.org/. Many people highly prize waterfront living, and find it a deeply fulfilling experience. Knowing what to look for when choosing waterfront property will make your life on the water easier and more rewarding. Choose and plan wisely - it's about knowing!

Avoid Getting Hooked By A Foreclosure-Related Scam

Yes it is sad to say but there are lots of people out there willing to victimize people in financial difficulty--especially when their troubles become part of public record. Beware of offers involving signing over your deed to someone else who promises to sell your home for you--whether they do or not, you'll still be responsible for the mortgage.

Also, investigate people who offer to buy your property so you can avoid foreclosure. They may be legitimate but, to be on the safe side, check them out by contacting your state Attorney General, the state Real Estate Commission, or the local District Attorney's consumer fraud unit.

Finally, consider carefully any "counseling agencies" that offer foreclosure-mitigation services for a fee. In many cases, they offer services you can perform yourself, such as negotiating a workout plan with your lender.

If you decide to conduct a pre-foreclosure sale, give us a call. We'll work with you to make sure your interests are protected in the transaction.

Keep in mind that if you have a loan ensured by the Federal Housing Administration (FHA), the Department of Housing and Urban Development (HUD) offers a toll-free number you can call to find a HUD-approved housing counseling agency: (800) 569-4287. For more information about foreclosures provided by HUD, go online to: www.HUD.gov/offices/hsg/sfh/econ/econ.cfm.

Foreclosure Fact The type of foreclosure procedure followed in a state depends on whether real property is purchased there using mortgages or deeds of trust. (Some states use both.) In general, states that use mortgages require a judicial procedure through which the lender must get court approval to initiate foreclosure. Where a deed of trust containing a "power of sale" clause is used to purchase property, the lender can initiate a foreclosure sale without going to court.

Again if you decide to conduct a pre-foreclosure sale or "Short Sale", give us a call. We'll work with you to make sure your interests are protected in the transaction.

Should I Still buy a home?

There's No Need To Panic

You don't have to look hard for news stories about changes in the nation's housing market. The media regularly reports on foreclosure rates being higher, home prices dropping in some areas and sales taking longer than they used to. It's all true, in some sense, but compared to what? A phenomenal housing boom that lasted nearly five years.You don’t have to look hard for news stories about changes in the nation’s housing market. The media regularly reports on foreclosure rates being higher, home prices dropping in some areas and sales taking longer than they used to. It’s all true, in some sense, but compared to what? A phenomenal housing boom that lasted nearly five years. The truth is, booms don’t last forever, and the adjustment to a more-normal market just doesn’t look good by comparison. Consider the following:

• National Realty News says national statistics show that homeowners who purchased in the last two years put a median 10% down payment on their homes and now have a median 13% in equity. Those who purchased five years ago placed a median down payment of 11% and currently have a median 41% equity in their homes.
  
• Today’s interest rates look terrific from an historical standpoint. While interest rates on a 30-year fixed-rate mortgage have been hovering around 6%, according to Freddie Mac, the average interest rate 10 years ago (1998) on a 30-year fixed was 6.94%; 20 years ago, 10.34%; and 30 years ago, 9.64%.
  
• Housing markets vary considerably by location--national statistics mask what’s happening in your particular area. While some regions have been harder hit than others, not all markets are experiencing price declines. Even within markets, some areas and property types are still appreciating in value even though nearby neighborhoods may be seeing price drops.

Simply put, all real estate is local. So give me a call.

Renton Swimming Pools Now Open at Lindbergh & Hazen

Hazen Pool Spring 2008
March 10th to June 20th
1101 Hoquiam Ave. NE. Renton WA 98059
Phone: 425-204-4230
Office Hours: 3:00 PM to 9:00 PM
(Monday through Friday)
Online: www.renton.wednet.edu

Pool Schedule Monday through Thursday:
Lap Swim: 11:30 AM - 12:00 PM
Competitive Stroke: 3:30 PM - 4:30 PM
Swim Lessons: 4:30 PM - 7:00 PM
Open Swim: 7:00 PM - 8:00 PM
Lap Swim: 8:00 PM - 9:00 PM

Pool Schedule Friday:
Lap Swim: 11:30 AM - 12:00 PM
Competitive Stroke: 3:30 PM - 4:30 PM
IST: 5:30 PM - 7:00 PM
Open Swim: 7:00 PM - 8:30 PM

Fees (Open Public Swims):
Youth - Ages 4 through 17 = $2.50
Adult - Ages 18 through 61 = $3.00
Seniors - Ages 62+ = $2.00
Babies - Free if Under Age 3 & Accompanied by Parent

Fees (Lap Swims)
Evening = $3.00 Seniors = $2.00
Noon = $1.50 Seniors = 1.00

=============================================================

Lindbergh Pool Spring 2008
March 10th to June 20th
16740 128th Ave SE, Renton WA 98058
Office Hours: 6:00 AM to 9:00 PM
(Monday through Friday)

Pool Schedule Monday & Wednesday
Early Riser Lap Swim: 6:00 AM - 7:30 AM
Shallow Water X: 8:30 AM - 9:30 AM
Lessons M/W: 9:30 - 11:30 AM
Lap Swim: 11:30 AM - 1:00 PM
Open Swim (Shallow End Only): 11:30 AM - 1:00 PM
Lessons M/w: 1:00 PM - 2:00 PM
Competitive Stroke: 3:30 PM - 4:30 PM
Lessons M/w: 4:30 PM - 7:00 PM
Open Swim: 7:00 PM - 8:00 PM
Lap Swim & Shallow Water X: 8:00 PM - 9:00 PM

Pool Schedule Tuesday & Thursday
Early Riser Lap Swim: 6:00 AM - 7:30 AM
Deep Water X: 8:30 AM - 9:30 AM
Lessons T/TH: 9:30 AM - 11:30 AM
Lap Swim: 11:30 AM - 1:00 PM
Open Swim (Shallow End Only): 11:30 AM - 1:00 PM
Lessons T/TH: 1:00 PM - 2:00 PM
Competitive Stroke: 3:30 PM - 4:30 PM
Lessons T/TH: 4:30 PM - 7:00 PM
Deep Water X: 6:00 PM - 7:00 PM
Open Swim: 7:00 PM - 8:00 PM
Lap Swim & Adult Lessons: 8:00 PM - 9:00 PM

Pool Schedule Friday
Deep Water X: 8:30 AM - 9:30 AM
Lap Swim: 11:30 AM - 1:00 PM
Open Swim (Shallow End Only): 11:30 AM - 1:00 PM
Competitive Stroke: 3:30 PM - 4:30 PM
Open Swim (Shallow End): 6:00 PM - 7:00 PM
Open Swim: 7:00 PM - 8:30 PM
Fees (Open Public Swims):
Youth - Ages 4 through 17 = $2.50
Adult - Ages 18 through 61 = $3.00
Seniors - Ages 62+ = $2.00
Babies - Free if Under Age 3 & Accompanied by Parent

Fees Water Exercise - $6.00 / Seniors $4.00

Fees (Lap Swims)
Evening = $3.00 Seniors = $2.00

Today's Market May Opens Doors For Many Buyers

During the booming nationwide housing market of the early 2000s, lots of home buyers bought what they could get in their price range--not necessarily what they hoped for. Limited selection and competitive bidding forced many people to "settle" for properties that didn't really meet their particular needs or tastes.

Today's market offers a terrific opportunity to correct those somewhat-forced decisions. It's no secret that in many markets there are significantly more homes for sale now than were available three or so years ago. That means buyers now can pick and choose among available properties to find a home that more closely matches their needs. If you are looking for your next better home, consider your options. While some homeowners will need to sell their current home in order to purchase their next one, you may not need to sell before buying. A bridge loan could help you span the gap in the event your old home doesn't sell prior to settlement, or closing, on the new one.

Another option: Rent out your old home, making it an investment property. Depending on the market, rent payments may cover most or all of your ownership costs--you might even make money--while you find a great deal on a home more suitable to your tastes and lifestyle.

Remember, even if you can't sell your home for as much as you might have a year or two ago, neither can the other sellers in your area--it's still a "level playing field." The upside today is that you have more homes to choose from, and you can still take advantage of today's low mortgage interest rates. Of course, both those great advantages are also available to current renters and first-time buyers.

Is A Condo Right For You?

Some condominiums have the look and feel of an apartment, while others can look just like townhouses, duplexes or single-family homes. The difference is the form of ownership-what you actually hold title to and your responsibilities/liabilities with regard to the condominium association.
In many areas, condominiums are competitively priced and have achieved appreciation rates comparable to-in some cases better than-single-family homes. Condos tend to be a great value for first-time home buyers and people who prefer to forego the hassles and expenses associated with outdoor maintenance of their home and its surrounding area.
If you are considering buying a condo as a home or investment property, be sure to become thoroughly familiar with the association's rules, fees and financial status. We'll be happy to help you-just give me a call!

Go Nascar

Ok, off the topic but we got to have fun also.
Looking forward to Nascar starting up again.

Can we get a house with no money down?

Well with all the trouble that the lending market is having there are still a few thing that your real estate agent can help you with to lower your cost of getting you into your home.
Some buyers reduce the cash needed at settlement by scheduling closing at the end of the month. But there are several other ways to save on closing costs that may work better in the long run.

We’re a little tight on cash. How can we shift some settlement costs to reduce out of pocket expenses?

Skip late-month settlement
Since interest on the loan is paid to the end of the month at settlement, the interest payment gets lower as you get closer to the end of the month. But another approach is to wait a few days until the beginning of the next month. That way, you'll need to pay more up front at settlement, but you'll gain a whole month's delay before the first full mortgage payment is due, because mortgage interest is paid in arrears, after the month has passed.

Reduce out-of-pocket cash
Another way to reduce the cash needed at settlement takes some advance planning. By negotiating with the seller, the buyer may be able to pay more for the home and finance it, while the seller puts an equal amount toward out-of-pocket settlement costs.

Finance closing costs
A third option is to find a lender who will finance closing costs by wrapping them into the mortgage. This method may, however, cost more over the long run, as lenders often will then charge a higher interest rate for a "no closing costs" loan.

You cant get away from paying nothing but there are things you can do to help you into your new home.

Do you have a favorite trades person or service provider?

Tell us about them and we will include them in our latest Referral Directory.

How to make your home sell quickly.

Including Advice From Your Local Real Estate Guru

Lonnie Snyder

Here are 8 hot tips to help you out.

1. Make certain that everything is spotless, clean and fresh . . . Windows are particularly important.

2. Clear out any clutter and personal items. Making certain that the kitchen counters and table tops look sparse and inviting.

3. Replace light bulbs with high wattage. Prune back plants that block light and keep drapes and any blinds open at all times.

4. Create open spaces and draw attention to the strongest selling point in every room.

5. Choose light, neutral shades of paint to brighten walls and make rooms appear larger.

6. Freshen the yard, filling in bare spots with annuals and shrubs. Add fresh bark and keep the lawn green and mowed.

7. Create a stylish entrance always keeping in mind that first impression are lasting ones.

8. Look at your home through a buyer’s eyes. Making certain it is inviting and open enough so that future residents can visually place their furniture and belongings.

Making a Move?

When you're thinking about making a move, consider:
__ how much money you want to spend.
__ what type of home you would like.
__ where you would like to live.
__ when you want to move.
__ how much you qualify for and what financing works best.

Getting pre-qualified by a lender is a good idea in the beginning stage. This will help you determine your choices of homes and neighborhoods and keep your expectations realistic. When you start your search, get pre-approved for a loan as soon as possible. This will involve a credit check and employment verification, and once this is done all that needs to be done is for the lender to appraise the home.

Why is pre-approval so important? Pre-approval strengthens your position. A seller typically chooses an offer that is pre-approved over someone whose financial picture is still in question. If you or someone you know is looking to buy or has a real estate need or question, visit me at for buying and selling tips, MLS property searches, town and community information and more, or call me at .
Thank you and have a wonderful day!
Lonnie Snyder 206-406-2710

Practicing good seller's etiquette

Let's face it: When your house goes on the market, you're not only opening the door to prospective buyers, but also sometimes to unknown vendors and naïve or unqualified buyers. As with any business transaction, there is an expected protocol to how sellers, buyers and their respective agents interact. Should you find yourself in a sticky situation, alert your agent so he or she can address and remedy the problem.
The aggressive agent.
When your agent puts your house on the market, typically all promotional materials state clearly that your agent is the primary contact for buyers and buyers' agents. However, sometimes a buyer's agent will contact a seller directly to try to either win over their business or cut the seller's agent out of the deal. This is not reputable behavior and you should report it to your agent immediately if it happens to you.
The unscrupulous vendor.
Have you ever started a business or moved into a new house and suddenly found your mailbox full of junk mail? Unfortunately, this also can happen when you put your house on the market. When you sell your home, it necessitates all kinds of new purchasing decisions and less-than-ethical vendors are keenly aware of this. Though MLS organizations enforce rules on how posted information is used, some companies have found ways to cull information from various sources to produce mass mailing lists. If you find yourself regularly emptying your mailbox of junk, let your agent know. He or she can tap the appropriate sources to prompt an investigation into the matter.
The naïve buyer.
Yard signs, Internet listings and other advertisements can generate a lot of buzz for your home. Some prospective buyers - particularly first-timers - will be so buzzed to see your home that they'll simply drop by. If this happens, no matter how nice these unexpected visitors are, it's best not to humor their enthusiasm by discussing your home or giving an impromptu tour. Instead, politely let them know that your real estate agent is in charge of scheduling tours and provide them with the agent's contact information. If you attempt to handle these surprise visits on your own, you might inadvertently disclose information that could hurt you during negotiations down the road.

Rental Properties - 10 Cash Flow Tips

What if you want better cash flow from your rental properties? You can't just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, including the ones listed below.

1. Install coin-operated washing machines. Even if you don't have the money to do this yourself, you can find a company that will do it for you, and share the income with you.

2. Rent extra parking space. When I got tired of a renter's extra car, I just started charging a weekly fee. Then I didn't mind so much.

3. Raise the rent. Okay, we did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below-market rates?

4. Rent storage sheds. Especially if your apartments are small, your renters may need a place to store their things. Don't let them spend their money elsewhere. Put a few sheds on the property.

5. Enforce late fees. It is perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don't even mind - they just don't look at these things the same way as others.

6. Offer improvements for rent increases. If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.

7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of the income.

8. Rent by the room. A four-bedroom house might make more money if you include all the utilities and rent by the bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.

9. Rent-to-own sale. Usually there's a non-refundable deposit, and higher than market rents in these deals. When renters change their minds, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.

10. Reduce expenses. Every dollar of expense you cut goes straight to the bottom line. List every expense of your rental properties, and look at them one at a time. How can you reduce them?

How to protect your plumbing from the cold

To avoid frozen pipes, let water trickle overnight from indoor faucets served by exposed pipes.
Keep the heat set on at least 55 degrees. If your water pipes are not insulated, install pipe sleeves.
Outdoors, disconnect garden hoses. Drain and cover faucets.
Open cupboard doors under sinks on outside walls so pipes are exposed to inside heat.
If your pipes do freeze, it is best to call a licensed plumber.
If you try to thaw the frozen pipe yourself, be sure to take the following precautions:
• Do not use an open flame. You risk setting the home on fire, and overheating one area can cause the pipe to burst.
• Place a warm towel or rag around the pipe.
• Shut off the water valve to the frozen pipe.
• Keep the faucet of the frozen pipe open so water can flow out as it melts.
• Make sure you know the location of your master shut-off valve. The frozen pipe may already be broken and, when the water is thawed, it will leak. In this case, you will need to shut off the water in your home until the leaky pipe is fixed.

Is it better to replace the carpet or offer a carpeting allowance to buyers?

Replacing the carpet to help the house sell faster is a favorite with real estate agents. And there's a good reason. Taking a shortcut by offering a carpeting allowance doesn't have the visual impression – or sales impact – of new carpet. Here are some guidelines to be sure the new carpet has the maximum effect:

Select neutral colors. The color should be neutral or a dull color tone to help the room look bigger. When carpeting several adjoining rooms, the same carpet should be used, if possible – again to make the house seem larger and more unified.

Select high quality pad. The pad under the carpet is important, and not a place to cut corners. A good pad is dense and resilient, and gives an expensive feel to almost any carpet. Pads come in a variety of materials including rubber, foam, felt, and jute.

Select fiber carefully. Choose a fiber that suits the area where the carpet will be installed. Carpets are made of a variety of man-made and natural fibers, and often are comprised of popular combinations of fibers. Nylon is durable and resilient, and suitable for high-traffic areas. Olefin is economical and stain-resistant, good for active families. Polyester is soft and elegant, and appropriate for a higher-style area. Wool is a warm natural fiber, luxurious and expensive.

Select loop to match use. The type of loop should depend on the use. A sheared loop like plush works in more formal areas; a continuous loop, such as Berber, is suitable for children's play areas.

We’re in a competitive market. What can I do to make my offer look better than another buyer’s offer?

It takes more than good luck to get the right home at the right price. One advantage you can have on your side is a conditional loan pre-approval. When you are pre-approved your offer is more attractive because the seller doesn't have to wonder if you can afford to buy. The seller will know in advance that your offer is as good as money in the bank.

Pre-approval versus pre-qualification
A pre-approval is a conditional loan approval from a lender based on your application. Pre-approval differs from pre-qualification, which is a verbal exchange with a lender about how much you can probably afford. Pre-qualification does not obligate the bank to make the loan, whereas a pre-approval is a conditional loan commitment. Final approval is made when both your finances and the property pass review.
Close the deal faster
Lining up your mortgage loan before you start house hunting could make buying your new home quicker and easier. A pre-approval can speed closing because most of the paperwork is already in place for the loan. You have already started to learn about the financing process, and any problems will have been resolved.

How to avoid overpaying in a buyer's market

My wife and I want to buy our first home, as she is expecting in about six months. However, the area where we want to buy is in a "buyer's market" with lots of homes for sale. We notice many "price reduced" hangers on the for-sale signs, so we are in no hurry to buy. The block where we almost bought a house last weekend has three houses listed for sale out of 20 houses on the block. How can we avoid paying too much?

Before you make a written purchase offer, ask your buyer's agent to prepare a written comparative market analysis, or CMA. This is the same form that listing agents prepare for their sellers at the time a home is listed for sale.

How To Put Your Sale On The Fast Track

It's every home seller's dream -- a fast sale. In today's market, crossing the finish line first, fortunately, isn't a matter of luck. To win the home-sale race, you have to stay ahead of the pack. Price the house right, market the house competitively, and make sure the house is in move-in condition.
Here are 3 key ways you can get your home on the home sale fast track:
1. Price To Sell
Don't over price.
A nationwide survey of the National Association of Realtors found homes that sell within four weeks of the initial listing sold for close to the original asking price. Homes on the market for up to six months sold for about 7% less than the asking price. Listings that languished for more than six months sold for 15% less than the asking price. Experience shows: a too-high price results in a slow-to-sell home.
Expertise pays off.
This is an area where our neighborhood expertise pays off. By performing a competitive market analysis, we can help you determine the best possible price--one that puts the most money in your pocket and gets it sold fast. We'll study listing and selling prices for similar homes in your neighborhood and compare your home's special features, improvements and condition. Interest rates, local economic trends and the availability of homes for sale in your area will also affect your home's value. The feedback we glean regularly from home seekers helps us keep our sellers informed of what today's buyers want and are willing to pay.
Be realistic.
The more realistic the asking price, the sooner your home will sell. Unrealistic prices, on the other hand, are the major cause of "shopworn" listings, causing potential buyers to wonder if something is wrong with the home beyond price.
2. Results Marketing
Create a marketing plan.
Once you've established a selling price, the next step in your fast-track strategy is a maximum-exposure marketing plan. An effective marketing plan can include:
• Tours to familiarize other agents with your home.
• Showing your home to qualified buyers.
• Advertising your home where it counts.
Offer buyer incentives.
For example, sellers can help with closing costs, provide a home warranty, give allowances for carpet or draperies, or pay utilities or lawn service for a limited time. Lowering cash barriers to the purchase will significantly enlarge the circle of potential buyers. We can discuss many other ways to market your home so it stands out from the competition.
3. Showplace Condition
Move-in condition.
To tempt a buyer, your home has to be inviting. Today's buyers generally don't have the time to do their own fixing up, so for maximum appeal your home must be in move-in condition.
Focus on curb appeal.
First impressions really do count. Inside your home, recognize that living condition is different from showing condition. Prospective buyers want to see your home in near-perfect condition, even if that's not the way they'll keep it once they move in. Make your home a "showplace" and you'll soon be taking a victory lap after a fast sale.

Give us a call for more tips on getting your home ready to sell, developing an effective marketing plan, or setting the right price for your home. With our experience and track record, together we can make sure you finish a winner.

Motrgage 101

Mortgage 101
By Broderick Perkins, DeadlineNews.com
______________________________

Once a simple task that meant comparing the fixed interest rate mortgages of a dozen or so lenders, the mortgage search today is more like finding your way through a maze. There are dozens of loan types, hundreds of loan programs and thousands of mortgage brokers, bankers, lenders, finance companies, credit unions, even stock brokerage firms originating loans.

Because there is so much to learn, finding a mortgage that fits doesn't begin with an application, but education. If there's but one aspect of the home buying transaction you take the time to learn in detail, make it mortgages. Discover too late that you can't afford your mortgage, and you could not only lose your home, but also be unable to purchase another one for years.

Obtaining information is easy. Mortgage information sources are as numerous as mortgage types. Web sites, topical newspaper articles, mortgage books, consumer seminars and workshops can help. Professionals, including financial planners, real estate agents, mortgage brokers and lenders, can also assist you.

Examine your finances

First, compare fixed-rate mortgages with adjustable rate mortgages to determine which type best fits your current financial lifestyle and, to some extent, your future obligations 15 to 30 years down the road. Learn how much of a mortgage you can afford. Lenders are apt to qualify you for as much as they are willing to lend, which can be more than you can really afford. It's up to you to take stock of your income and expenses, both current and projected, to determine what you can comfortably manage each month.

Along with your mortgage payment of interest and principle, remember to add related insurance costs, taxes, homeowner association dues and any other costs. Also, obtain copies of your credit reports from all credit reporting agencies. Obtaining your credit report in advance gives you time to challenge missing information, errors, or other discrepancies. If necessary, you can put a statement on your credit report to explain any blemishes you can't cure. Lenders likely will ask you to explain problem areas on your credit record anyway. Your attention will let the lender know you are conscientious about your finances.

Shopping for lenders and loans

When you are ready to shop for a loan you have two basic choices -- direct lenders and mortgage brokers. Direct lenders have money to lend. They make the final decision on your application. Lenders have a limited number of in-house loans available. Brokers are intermediaries who, like you, have many lenders from which to choose. If you have special financing needs and can't find a loan to suit them, an experienced broker may be able to ferret out the financing you need. Mortgage brokers, however, are paid with a slice of the amount you borrow, some more than others.

Along with shopping the source, you'll also have to shop loan costs, including the interest rate, broker fees, points (each point is one percent of the amount you borrow), prepayment penalties, the loan term, application fees, credit report fee, appraisal costs and a host of others.

Your application

Before you actually apply for a mortgage on or off line, gather documents necessary to prove claims you'll make on the application. The application will ask for information about your job tenure, employment stability, income, your assets (property, cars, bank accounts and investments) and your liabilities (auto loans, installment loans, mortgages, credit-card debt, household expenses and others).

The lender will run a credit check on you, but you'll have to supply supplemental documentation including paycheck stubs, bank account statements, tax returns, investment earnings reports, rental agreements, divorce decrees, proof of insurance, and other documentation. If the lender deems you creditworthy, it will likely hire a professional appraiser to make sure the value of the home you are about to buy is commensurate with your loan amount.

Lock it down

During your loan application, get a rate lock - an essential document in a rising mortgage rate market. On or offline, a rate lock -- in writing - guarantees you a certain interest rate and terms for a given period.

· Lock in all the costs you can, the interest rate, and points.

· Set the lock ''on application'' rather than ''on approval.'' On approval means you won't have a stab at rates until the loan application is approved. In a rising market, a lock on approval would cost you more in higher interest rate.

· Along with shopping around for the best mortgage, shop around for both the terms of the lock contract and its cost. Both can vary.

· Your lock-in period should be long enough to allow for settlement, contingencies imposed by the lender or the purchase contract and other factors that could delay the process. Consider all factors that could delay your settlement, including the time it will take you to provide requested materials about your financial condition, unanticipated construction delays on a new house and the like.

· Most lock periods range from 15 to 60 days. Anything longer could be cost prohibitive. Ask your lender to estimate (in writing, if possible) the average time for processing loans. Once you lock-in a rate, you must make sure that your loan is approved and closed before the commitment expires. Follow up on your loan application to make sure you don't delay sending additional documents the lender requires.

Get preapproved

Finally, once the lender approves your loan, you've been prequalified for a certain amount, but that doesn't guarantee you the loan. Prequalification indicates you are creditworthy enough to obtain a loan and it lets you know how much the lender is willing to lend you based on your income and debts. Often, the lender has yet to pull your credit report. It's wise to take the next step and get preapproved for a specific amount the lender will actually lend you.

A preapproval - in writing - is the amount the lender guarantees it will lend you, based on a thorough analysis of your application. The preapproval not only gives you the security of shopping for a home you can afford; it tells the seller you are a serious buyer ready with solid financing. That's a negotiating edge you want in any market.

Seahawks Moving Practice Facility To Renton

By Associated Press
RENTON - The Seahawks are moving their headquarters from their cramped location in this suburb east of the city to Renton south of Seattle - the same suburb where the SuperSonics are considering building a new arena.
Alex Pietch, director of Renton's economic development department, confirmed on Monday that the Seahawks plan to move onto a 20-acre, waterfront site on the southeastern shore of Lake Washington.
"We have been in talks with the Seahawks for some months in advance of this," Pietch said.
Tod Leiweke, the Seahawks' chief executive, deferred questions on the move to a Tuesday press conference at the team's current headquarters next to Northwest University in Kirkland. In a news release Monday morning, the team said it would be announcing a "new facility upgrade" on Tuesday.
The team's 20-year lease with Northwest University for the land that holds the current, 44,000 square-foot headquarters - remodeled in 1999 - ends this year. The Seahawks plan to break ground on their 120,000 square-foot Renton site this fall and move in time to have their 2008 training camp there.
"I can see Paul Allen and his yacht tied up here swinging on the hook watching the practice from the bridge of his beautiful yacht," said Renton resident Bill Kennamer. "I just have no hesitation to say 'what a great idea.' "
The site is owned by Seahawks' owner Paul Allen's Vulcan Inc., a management company that invests in science, the arts and movie production, among other ventures.
Pietch said Allen, Microsoft Corp.'s cofounder, had purchased the land in the mid-1990s in hopes of making it a headquarters for his "technology and all of his entities." That plan fell apart, Pietch said, in 2002 when various owners of surrounding properties could not come to terms.
The Seahawks approached Renton about six months ago with the idea of using the Vulcan land for a new, far larger and more modern team facility and training camp headquarters. The Seahawks' current training camp is at Eastern Washington University in Cheney each summer.
"We opened our arms and said, 'Please come,"' Pietch said.
Renton is the home of Boeing's Commercial Airplane headquarters and its 737 and Business Jet production lines where they've added a thousand jobs. It's also home to IKEA's most profitable store in North America. It's going to be the new home of the Federal Reserve Bank now under construction.
And it’s home to the new urban village 'The Landing' with shops, restaurants, apartments and a hotel to be built on former Boeing property where Fry's Electronics flourishes.
"As the region continues to densify, we think that the city is going to be one of the most important urban centers around Lake Washington," Pietch said.
It wasn't too many years ago Renton was hurting. Then city boosters came up with the ad campaign 'Ahead of the Curve.'
Public relations man Michael Hamilton says, "You know we started doing this 7 years ago and it's pretty remarkable when you think that back then we said 'Renton was ahead of the Curve' and it sort of just keeps proving itself."
The move follows an NFL moneysaving trend toward keeping training camps at team facilities rather than the traditional, remote college campus settings. More teams prefer staying home in their more lavish facilities with better field and medical conditions. And players enjoy being able to commute to their in-season homes while at training camp.
Renton is also on the list of places the NBA's SuperSonics will talk to about building a new arena should talks with Seattle on a proposed $220 million upgrade of KeyArena fall through.
In February, majority owner Howard Schultz threatened to possibly move or sell the franchise. He said the Sonics have lost about $60 million in the past five years, and blamed a revenue-sharing lease with the city of Seattle.
"The timing of the Seahawks' announcement and our discussions with the Sonics are coincidental," Pietch said. "The Sonics' talks are entirely independent."
The site the Sonics are considering - along with places in suburban Bellevue east of Seattle - is south of the Seahawks' new headquarters, near a Boeing Co. production plant for its 737 aircraft. The Sonics' arena would be part of a developing entertainment and residential complex known as "The Landing."
Pietch said Renton is waiting for the Sonics to determine whether staying within Seattle city limits will be a viable alternative beyond the 2010 end to its KeyArena lease.
"The Sonics have indicated to us all along their first priority is securing a deal with the city of Seattle," Pietch said. "Our discussions with them have always been, 'If not Seattle, then you should take a look at our site."'
For now, Renton is plenty happy with the economic benefits the new Seahawks' facility - and especially their training camp move - will bring.
"This is another championship-caliber entity moving into the city of Renton," Pietch said.

Home equity credit line recommended as safety net

By Robert J. Bruss
My husband and I owe about $57,000 on our home mortgage at 6.75 percent interest. We have that amount in a money market account, which only earns around 4 percent interest. I think we should take that money to pay off our home loan and never have to worry about mortgage payments again. I am 58 and my husband is 56. He took an early retirement buy-out from his employer, but I still work as a legal secretary because I enjoy getting out of the house each day. Do you think we should pay off our mortgage now? --Marilyn H.

DEAR MARILYN: If paying off your mortgage will deplete your liquid reserves, I suggest you do not rush to pay off your home loan. However, if you have lots of idle cash sitting around the house, and you are 100 percent certain you will never need the $57,000 again, go ahead and prepay your mortgage.

Although that 6.75 percent interest rate might seem high, it really isn't when you consider its after-tax cost. Presuming you itemize tax deductions, your after-tax cost of that mortgage is around 4.75 percent.
The big problem most folks don't think about when prepaying a home mortgage is that they might need that money again in the future. If that happens, especially when they are retired, sick or unemployed, they are often unable to borrow on their home except at loan-shark interest rates and terms.
If you decide to prepay your home loan, before you do so, I highly recommend you obtain a home equity credit line (HELOC) now while you are still working and have adequate income to qualify. That HELOC won't cost anything, except a $50 annual fee, but it will bring peace of mind knowing it is available by just writing a check in case of an emergency.

What are some tips every home buyer should know to get started?

If you think it's about time you bought a home instead of renting, a little homework before you start looking will increase your odds of finding the best buy for you. Here's how:

Dig up your down payment Know where your down payment cash will come from. If it's coming from stocks, go ahead and sell them. If Aunt Jessie is loaning the money, get it in hand so you are ready to go.

Nail down your financing It's tough to home shop if you don't know what you can afford. Together with a reputable lender, we can help you determine how much home you can afford and which loan program will maximize your buying power. By getting pre-approved for a loan, you'll be a better prospect in the seller's eyes.

Take your time Don't jump at the first home you see. Let us introduce you to different areas and home types to see what suits your needs the best. Do your homework Once you've found the home you want, ask us to run a competitive market analysis of other homes that have recently sold, so you'll be able to make a sensible offer to purchase.

Enjoy! With expert assistance and a positive attitude, home shopping can be fun and rewarding.

Three Easy Steps toward a Happy Credit Report

During the moving process it’s very convenient to use credit for everything from your home loan to your furniture financing to those fluffy new towels. While you’re busy filling out application after application, inquiries are being added to your credit history! Too many inquiries can lower your credit score and prevent you from obtaining future credit at the best rates possible.

By following these three simple steps, both you and your credit report can emerge from the moving process in a healthy state:

Watch out for department store credit card offers

Department stores love to promote their store cards. Oftentimes, a discount is offered if you apply for a card at the time of purchase. Don’t forget--when you apply for their card an inquiry will be placed on your credit report. And, if you qualify for the card you will have another revolving account on your credit report. For some, another revolving account won’t hurt their credit, and might even help it. But if you have too many revolving accounts another card could negatively impact your credit standing.

Beware of "piggy-back" offers

Retail stores have been known to place “piggy-back” offers on their credit applications. These are typically an offer for another credit card, in addition to the regular store card. To tempt you to apply for the additional card the store will usually have a special promotion, such as a store gift certificate.

• A Lesson from RobertRobert, a 25-year old software engineer, applied for an electronics department store card while he was purchasing a stereo for his new apartment. There was an offer on the application to receive a $25 store gift certificate if he also applied for a bank credit card. “All I had to do was sign another line on the form and I applied for the card and got the gift certificate,” said Robert, “but I didn’t think about what another credit card would do to my credit.” Remember that if you’re approved for both cards, two new accounts will be added to your credit report.

Take care when shopping around for mortgage rates

While it’s a good idea to shop around for the best mortgage rate you can find, keep in mind that lenders will check your credit before they can decide on your loan terms. This credit check will place an inquiry on your credit report. Many scoring models combine all mortgage lender inquiries within a 30-day period into one inquiry. So, try to limit your shopping time to 30 days.

Moving to a new home is an exciting event, and your credit plays a major role in the moving process. With a little care and preparation you can ensure that your move is a credit-healthy experience.

Prequalification vs Preapproval

There are some key differences between prequalification and preapproval for a loan that you need to be aware of. Loan prequalification is a simple process. It takes into account very basic information regarding your financial status and gives you an amount for which you may qualify. This can be done strictly on a verbal level or electronically over the Internet. The prequalified amount is based solely on the information you provide. In most markets, prequalified buyers usually hold little clout compared to preapproved buyers due to the fact that the information given during the prequalification process is not thoroughly investigated and therefore may be unreliable. Where a preapproved buyer is actually approved for a loan of a certain amount, a prequalified buyer is only told that they might be approved for a certain amount.

Preapproval is a much more involved process. The lender will take all pertinent information regarding your finances and perform an extensive check on your current financial status. This will ultimately give you the exact amount that you will be eligible for (depending on what type of loan you decide to go with). Being preapproved lets the seller know that you have gone through an extensive financial background check and there should be no unexpected obstacles to buying the home. You can see how being preapproved would be more attractive to a seller than just being prequalified.

The type of mortgage you apply for will depend on many factors, but the majority of that decision will be based on your ability to pay a monthly installment. If you can only afford a $1000 dollar a month payment, you are not going to go out and buy a $250,000 home, unless you have a large sum of money set aside to make a sizable down payment! Financial planners say that you shouldn't pay more than 28% of your gross income for housing (that includes principal, interest, taxes, and insurance). Depending on your debt to income ratio, that percentage may change.

Once you have determined what you can afford, the next step is to choose a mortgage plan. There are many different mortgages out there, so take some time and explore all of the possible plans for which you qualify. You could save yourself thousands of dollars in the long run!

Your agent can save you time and money by being your professional guide through the entire loan process. They will be able to counsel you on the advantages and disadvantages of certain types of loans and help you understand the "real" cost of a mortgage. Your agent will also act as your personal advocate and liaison between you and the lender as you proceed through the approval process and closing by working with your lender on a regular basis.

How do I prepare the house for sale?

First and foremost, put it in the best condition possible, especially if you are in a market with few buyers and lots of homes for sale. That means taking care of any major repairs that could deter a buyer (such as replacing any broken windows or replacing a leaky roof) if you can afford it. Next, work on your home's curb appeal. Make sure your landscape is pristine. Mow the grass, clean up any debris and weed the garden beds. Plant a few annual flowers near the entrance or in pots to be placed by the door. Other quick fixes that don't cost a lot of money but can help you get top dollar for your home:
.Clean the windows and make sure the paint is not chipped or flaking.
.Be sure that the doorbell works.
.Clean and freshen up rooms, furnishings, floors, walls and ceilings. Make sure that bathrooms and kitchens are spotless.
.Organize closets.
.Make sure the basic appliances and fixtures work. Replace leaky faucets and frayed cords.
.Eliminate the source of any bad smells, such as the kitty box. Use air freshener or bake a batch of cookies before your open house to ensure that the house smells inviting.
.Invest in a couple of vases of fresh flowers to place around the house and next to any information about the house you have prepared for buyers.

How To Use Today's Market To Your Unfair Advantage

Last October, NAR's chief economist, David Lereah, said, "An uptrend in mortgage interest rates will cause some slowing of the sales pace, but we forecast 2006 to be the second highest year on record and housing will continue to support the overall economy."
That's particularly good news if you are a homeowner who has been thinking about selling your home but held off for fear you wouldn't be able to buy another one. Bear in mind, the NAR's predictions apply to the nation as a whole. Specific areas, however, have their own market dynamics. You'll do well to work with a real estate professional (give me a call!) who can tell you exactly what's going on in the areas you want to sell from and buy into.

That said, when a market starts to shift from the seller's advantage to the buyer's, moving up to a new home actually becomes easier. Here's why:

1: A slight shift to the buyer's advantage isn't likely to decrease the value of your current home. Typically, the rate of your home's appreciation will just slow down some from what you've been used to in a strong seller's market. You're still in a good position to convert the equity from your current home into your next home.

2: You'll find more homes on the market to choose from. Rather than settling for the only home you can get a contract on, you have more opportunity to find a home you really want.

3: Sellers will be more likely to accept "contingencies" with your offer-such as a satisfactory home inspection; sale of your old home; an appraisal that supports your contract price; and/or your ability to obtain financing with specified terms. You may also be able to get more concessions-move-in date, conveyances, etc.-that don't usually come into play in a strong seller's market. Remember, though, as a seller you may have to provide some of the same types of concessions to get your home sold at the price you want in a timely way.

4: In a "slower" market, there's less competition for the services of appraisers, title insurers, and other "third-parties" to the transaction. They're likely to render their services more quickly, allowing you to sell your old home and purchase your new one with less waiting time

We’re a little tight on cash. How can we shift some settlement costs to reduce out of pocket expenses?

Some buyers reduce the cash needed at settlement by scheduling closing at the end of the month. But there are several other ways to save on closing costs that may work better in the long run.
Skip late-month settlement

Since interest on the loan is paid to the end of the month at settlement, the interest payment gets lower as you get closer to the end of the month. But another approach is to wait a few days until the beginning of the next month. That way, you'll need to pay more up front at settlement, but you'll gain a whole month's delay before the first full mortgage payment is due, because mortgage interest is paid in arrears, after the month has passed.

Reduce out-of-pocket cash

Another way to reduce the cash needed at settlement takes some advance planning. By negotiating with the seller, the buyer may be able to pay more for the home and finance it, while the seller puts an equal amount toward out-of-pocket settlement costs.

Finance closing costs

A third option is to find a lender who will finance closing costs by wrapping them into the mortgage. This method may, however, cost more over the long run, as lenders often will then charge a higher interest rate for a "no closing costs" loan.

Seven Ways to Save for Your Down Payment

Very few things in life are quite as exciting as buying your first home. It's part of the American dream. And although home prices keep rising, ownership is within the realm of possibility, even for those who don't make humongous salaries. Of course, the larger your down payment, the lower your monthly payments. And if you can come up with 20 percent, you avoid paying expensive private mortgage insurance (PMI).

Why you want to avoid paying PMI: PMI typically costs about 1/2 of 1 percent of the loan. For example, if you put down 10 percent on a $100,000 house ($10,000), your annual PMI costs will be $450. And, these payments are not tax deductible. If your down payment is less than 20 percent of the sale price, you must take out PMI.

Here are seven ways to begin on your mission of ownership...

Step one: Get with the program

The first step toward saving enough money for a down payment is a psychological one—desire. You (and your spouse or friend) must REALLY want to buy a house. With enough passion for ownership, you'll find yourself motivated to save every penny you can.

To boost your desire, spend a weekend looking at houses or condos within what you think is your price range. Saving will be a whole lot easier if you have a vision of a two-bedroom, two-bath house with white shutters on Elm Street dancing in your head. This vision will make it easier to say no to shopping sprees, buying a second car or going on an expensive vacation.

Take pictures of your favorite properties and tape them to your refrigerator door or better yet, prop them up on your desk next to your checkbook.

Step two: Review your budget

Or, if you're budget-free, draw one up. Get help making a budget here. Then list those areas where you can cut back on spending and earmark that money for your special Down Payment Account (DPA). Don't cut out everything that's fun ... you want to enjoy life BH (Before the House), but do start to be more cautious.

Here are some savings tips to get you in the right frame of mind. Add your own to the list.

· Drive at the speed limit. Traveling at 65 mph versus 55 mph increases fuel consumption by a whopping 20 percent. (GM Motor Club)
· Clip coupons. If you save $25 a month with food and drug coupons, that turns into $360 a year.
· Take your lunch to work. If you're spending $8 a day on a sandwich, Coke and an ice-cream cone, that's $2,000 a year, assuming two weeks out for vacation. And that's not counting those in-between snacks of chips, pretzels and cappuccino. Figure out what you spend per day on lunch; then on the days you brown bag it, put that amount into your DPA.
· Carpool. Or, walk, bike or take the bus to work. Taxis are a guaranteed way to spend $5 in five minutes.
· Talk less. Make sure you have the cheapest calling plan. And if you make a lot of long distance calls, get a prepaid phone card.
· Skip the babysitter. Set up a co-op arrangement with friends and neighbors.
· Stop smoking. Quitting a pack-a-day habit will save you about $1,095 a year.
· Cut back on dining out. Send the amount you save to your DPA.
· Never open a catalog. Toss them out immediately. If you peek inside you're bound to find something you like.
· Don't carry much cash. If you leave your ATM card, your credit card, your debit card, your checkbook, and most of your cash at home, it will be hard to spend much. Instead, carry enough cash for the day plus one bank check and for emergencies, several traveler's checks.

Step three: Open a DPA

You'll need a special account to hold your savings, such as a high-yielding bank savings account or certificate of deposit (CD).

Keep in mind that bank CDs have a definite advantage over a money market or savings account: The money in a CD is tied up until it comes due. In other words, you'll be penalized if you take the money and run before the maturity date. Bottom line: You'll be less apt to use this money for something other than your house. CDs come in a variety of maturities from one to five years. Figure which time horizon matches your ownership goal.

$Tip: Be sure to read Certificates of Deposit: Tips for Investors, a free SEC publication. Find it here.

Step four: Tell your family

If your parents or other relatives send you presents for your birthday, anniversary or the holidays, they might instead contribute to your DPA. Don't insist—some parents prefer to shop for special gifts for their kids. However, it won't hurt to let them know about your goal.

Step five: Go automatic

If you don't see it, you won't spend it. Arrange for a certain dollar amount to be taken out of each paycheck and automatically transferred to your savings or money market account at your bank or credit union. If you're self-employed, set up the same type of plan at your bank and have money transferred each month from checking to savings or to a mutual fund.

Step six: Reduce credit card debt

Always pay at least the minimum due each month on your cards to avoid high interest rates. Better still: Pay each bill in full and completely avoid high rates on unpaid balances. And make certain you mail the check (or transfer the money) well in advance of the payment date. A growing number of credit card issuers are hitting customers with late arrival penalties.

$TIP: Ideally, you should wipe out credit card debt as quickly as possible. Begin by paying down the credit card with the highest interest rate first.

Step seven: Keep on a-paying

When you pay off a car loan or education loan or get rid of a credit card debt, continue to write a check for that same amount every month—but put it into savings. You've learned to live without that money, so now you can sock it away.

Lonnie Snyder
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 206-406-2710
E-Mail : snyder@kw.com
Website: http://www.callsnyder.com/
Blogsite: http://renton-real-estate.blogspot.com/

Lonnie Snyder is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers in Washington’s Kent, Renton, Newcastle and South Bellevue.