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[11] April 1, 2011 www.kirklandreporter.com 474439 Sarah Reed ABR, CNE, CRS, SRES, GRI, Platinum Producer 206-226-0226 www.SarahReed.com The Difference is in the Details Stonehedge in Mill Creek Gorgeous, elegant, and perfectly located on a quiet, friendly cul-de-sac! The favorite floor plan of the Stonehedge community, a small enclave of 27 homes. 4 Bedrooms-2.50 baths, 3 car garage. Open & flowing, designed to maximize entertaining and enjoyment. Vaulted ceilings showcase this light, bright, home. Trophy kitchen with slab granite, stainless appliances, gas cooktop, and designer backsplash. Main floor den could be 5th bedroom. Huge bonus room offers incredible flexibility. Sunny, fenced back yard. Upgraded carpet, lighting, fixtures $399,850 Northwest Contemporary w/Sound & Mt Views! Beautiful 4 bed, 3.50 bath home with gorgeous updates & impressive Sound, Mountain, and Island views. Hardwoods, granite counters, Travertine entry, designer paint! MIL w/2nd kitchen, Bonus-Home Theatre, separate entry & garage. Stunning curb appeal & landscape set off the Young, Rutledge architectural details. Enormous view decks for entertaining or viewing your waterfall and koi pond-beautiful lawn & enchanting landscape. 3 car garage. $767,000 Eastside Brokers • Kirkland Resident for over 23 years. • 10+ years of Full Time Real Estate Service! • Very Patient with 1st Time Buyers, and Short Sale Sellers • Relocation, Investors, 1031 Exchanges • Short Sales, Foreclosures, Bank Owned How May I Help YOU? Wine Country Townhome Gorgeous Hawthorne townhome at the edge of Woodinville Wine Country! Two bedroom + Den, 2.5 bath, built by Burnstead. Located above the Sammamish Valley with beautiful territorial & mountain views. Enjoy the quiet country feel while watching hot air balloons float by. Close to wineries, summer concerts, and walking/biking trails. Minutes to Microsoft, Woodinville shopping, and easy access to I-405. Several guest parking spaces near unit plus attached garage. $218,850 KIRKLAND REAL ESTATE Your guide to Real Estate and home buying & selling APRIL 2011 A s a local, full-time licensed Real Estate Broker, it is common for us to visit many homes that are NOT in their most stellar, up-to-21st century styles and features, especially in today’s challenging market where sellers have seen their home values decline from the peak market. In fact, many homes listed for sale are being marketed “As-Is”. The sad news for sellers is that most buyers won’t touch ‘As- Is’ homes. The truth is, buyers won’t see beyond your clutter or dirty carpets or old Formica countertops. National statistics show us fixer-upper buyers will discount the price of the home around 15-20% in order to allow for the re- pairs and even more for the inconvenience of the repair. The vast majority of today’s buyers sim- ply won’t buy a Beast – they want Beauty! Say, a home is worth $400,000 fixed up, but it needs a new roof. A new roof might cost $10,000. A buyer most likely will not offer $390,000 for this home. Otherwise, they could buy an identical home with a new roof for $400,000 and not have the hassle of the work. A buyer for this type of home might offer $370,000, or even less. In this scenario, a seller would have been smarter to pay for a new roof and sell the home for $400,000. Here is the best tip to sellers: invest the money up front to improve the little things as it makes a HUGE difference for today’s buyers. Today’s buyers are looking for more reasons NOT to buy vs. reasons to buy. Give buyers every possible reason to buy your home vs. moving on to the seller who took the time to make their home shine. Ironically, many times, there is nothing structurally wrong with the ‘As-Is’ prop- erty. The buyers simply don’t see beyond the cosmetic repairs they feel are necessary for today’s standards. In fact, Brokers find themselves in daily conversations with buyers that often go like this, “Why did the seller paint the wall such an ugly color? Why didn’t the seller replace the carpet? Oh, I think the ugly front entry light fixture is awful and I don’t like gold door knobs so I don’t like this house. Let’s get out of here!” On the other hand, for those buyers looking for a great real estate bargain and outstanding value – I encourage you to gain some ‘visionary skills’ in the arena of home ownership. See beyond the home’s be- draggled appearance. Many of these fixer uppers can Who Wins in Beauty vs. Beast? “Debbie Walter Realtor - RE/MAX NW [ more WALTER page 12 ] Clive Egdes 206-251-1680 Windermere Real Estate/Central, Inc. [email protected] www.Kirklandhomelistings.com Specializing in Kirkland Properties. “Exceptional Service, Extraordinary Results” 474436

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[11]April 1, 2011www.kirklandreporter.com4

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SarahReed

ABR, CNE, CRS, SRES,GRI, Platinum Producer

206-226-0226www.SarahReed.com

TheDifference

is in the Details

Stonehedge in Mill CreekGorgeous, elegant, and perfectly located on a quiet, friendly cul-de-sac! The favorite � oor plan of the Stonehedge community, a small enclave of 27 homes. 4 Bedrooms-2.50 baths, 3 car garage. Open & � owing, designed to maximize entertaining and enjoyment. Vaulted ceilings showcase this light, bright, home. Trophy kitchen with slab granite, stainless appliances, gas cooktop, and designer backsplash. Main � oor den could be 5th bedroom. Huge bonus room offers incredible � exibility. Sunny, fenced back yard. Upgraded carpet, lighting, � xtures $399,850

Northwest Contemporary w/Sound & Mt Views!Beautiful 4 bed, 3.50bath home with gorgeousupdates & impressiveSound, Mountain, and Island views. Hardwoods, granite counters, Travertine entry, designer paint! MIL w/2nd kitchen, Bonus-Home Theatre, separate entry & garage. Stunning curb appeal & landscape set off the Young, Rutledge architectural details. Enormous view decks for entertaining or viewing your waterfall and koi pond-beautiful lawn & enchanting landscape. 3 car garage. $767,000

Eastside Brokers

• Kirkland Resident for over 23 years.

• 10+ years of Full Time Real Estate Service!

• Very Patient with 1st Time Buyers, and Short Sale Sellers

• Relocation, Investors, 1031 Exchanges

• Short Sales, Foreclosures, Bank Owned

How May I Help YOU?

Wine Country TownhomeGorgeous Hawthorne townhome at the edge of Woodinville Wine Country! Two bedroom + Den, 2.5 bath, built by Burnstead. Located above the Sammamish Valley with beautiful territorial & mountain views. Enjoy the quiet country feel while watching hot air balloons � oat by. Close to wineries, summer concerts, and walking/biking trails. Minutes to Microsoft, Woodinville shopping, and easy access to I-405. Several guest parking spaces near unit plus attached garage. $218,850

KIRKLANDKIRKLAND

REAL ESTATEYour guide to Real Estate and home buying & selling

APRIL 2011

As a local, full-time licensed Real Estate Broker, it is common for us to visit many homes that are NOT in their most stellar, up-to-21st century styles and

features, especially in today’s challenging market where sellers have seen their home values decline from the peak market.

In fact, many homes listed for sale are being marketed “As-Is”. The sad news for sellers is that most buyers won’t touch ‘As-Is’ homes. The truth is, buyers won’t see beyond your clutter or dirty carpets or old Formica countertops.

National statistics show us fixer-upper buyers will discount the price of the home around 15-20% in order to allow for the re-pairs and even more for the inconvenience of the repair.

The vast majority of today’s buyers sim-ply won’t buy a Beast – they want Beauty!

Say, a home is worth $400,000 fixed up, but it needs a new roof. A new roof might cost $10,000. A buyer most likely will not offer $390,000 for this home. Otherwise, they could buy an identical home with a new roof for $400,000 and not have the hassle of the work.

A buyer for this type of home might offer $370,000, or even less. In this scenario, a seller would have been smarter to pay for a new roof and sell the home for

$400,000.Here is the best tip to sellers: invest the

money up front to improve the little things as it makes a HUGE difference for today’s buyers. Today’s buyers are looking for more reasons NOT to buy vs. reasons to buy. Give buyers every possible reason to buy your home vs. moving on to the seller who took the time to make their home shine.

Ironically, many times, there is nothing structurally wrong with the ‘As-Is’ prop-erty. The buyers simply don’t see beyond the cosmetic repairs they feel are necessary for today’s standards.

In fact, Brokers find themselves in daily conversations with buyers that often go like this, “Why did the seller paint the wall such an ugly color? Why didn’t the seller replace the

carpet? Oh, I think the ugly front entry light fixture is awful and I don’t like gold door knobs so I don’t like this house. Let’s get out of here!”

On the other hand, for those buyers looking for a great real estate bargain and outstanding value – I

encourage you to gain some ‘visionary skills’ in the arena of home ownership. See beyond the home’s be-draggled appearance. Many of these fixer uppers can

Who Wins in Beauty vs. Beast?

“Debbie WalterRealtor - RE/MAX NW

[ more WALTER page 12 ]

Clive Egdes206-251-1680

Windermere Real Estate/Central, Inc.

[email protected]

Specializing inKirkland Properties.

“Exceptional Service,Extraordinary Results”

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April 1, 2011[12] www.kirklandreporter.com

be made appealing with a minimal amount of cos-metic work.

If you are a person that has an artistic eye - use this to your advantage – look beyond cosmetic flaws and imagine the property after you clean it up.

A few gallons of paint will cost less than $50 and it’s actually fun to spend a weekend giving your new home a ‘fresh’ look. Un-derstand that sometimes buyers can get the property at discounts as much as 30 percent or more, depending on the owner’s circumstances.

A home put up for sale in an ‘As-Is’ condition does not necessarily mean that it is in a bad state. The term

‘As-Is’ simply implies that the home is being sold in its present condition. Probate, foreclosure and HUD homes are usually sold ‘As-Is’ since the party selling may not have an accurate idea of the condition of the

home.Other homeowners may sell in an

‘As-Is’ condition for several reasons. The most common ones include lack of funds to make the repairs, time constraints, older people who may

not have the strength or the will to supervise repairs, etc.

It is usually investors who purchase these ‘As-Is’ homes, fix them up and sell them at a higher price. It is not uncom-mon for home buyers to skip over any homes that are not in their best condition. But these homes can be highly profitable especially if it is in a good neighborhood and the property value is high.

Take the example of Scott Hall of Kirk-land - age 25 - whom recently purchased a Redmond condo for $105,000. “This was a condo that sold at the peak for $267,000. Yes, I have to replace a water heater, redo the paint, add some flooring and redo a few other things. I will likely spend about $10,000 fixing the place up. On the other hand, I am walking into a steal of a deal – all because my Realtor helped me to see the possibilities of my own sweat equity and the smokin’ deal I was getting - simply because of some minor cosmetic issues!”

Hall continues, “The greatest advantage with ‘As-Is’ homes is that the purchase price is significantly lower. I understand that I must take into account the total

cost of purchasing the property – the sale price and the cost for repairs and renovations but I will end up paying much LESS in the end. For those who do not have the energy or vision to renovate – they should perhaps stay away from these homes and let me buy

them as I like making money!”For those that are a bit more nervous,

when you make the offer to purchase, your Broker will make sure that you can get out of the deal if undesirable problems arise during the inspection. If a major defect whose repair does not fit your budget shows up, then you should have the option to walk away with your earnest money safe in your hands or renegotiate with the seller. If the seller has no other buyers, then he may be willing to compromise.

So for those sellers looking to maximize their price – turn your Beast into a Beauty and for those buyers who can’t quite afford the Beauty … then consider what you just may be able to do with that Beast – in the end you’ll come out ahead!

For further information or suggestions on future topics, please contact Debbie

Walter @ www.DebbieWalter.com or (206) 930-8699. Debbie is a REALTOR® with RE/MAX NW Realtors in Kirkland. Debbie is a member of the National Association of Realtors (a trade organization that promotes real estate information, education and professional standards).

KIRKLANDKIRKLAND

REAL ESTATEYour guide to Real Estate and home buying & selling

Debbie Walter, Realtor®

“Your Real Estate Consultant For Life!”CDPE, CRS, GRI, ABR, SRES, Green Certifi ed,Realtor, Platinum Club Producer & Hall of Fame Achiever

Cell: 206.930.8699RE/MAX NW RealtorsServicing the Greater Puget Sound Area

See All Available Listings at www.DebbieWalter.com

• Staging • Professional Photos • Virtual Tours • Video Commercial

• Beautifully Colored Flyers • Your Home Showcased on YouTube,

Google, MSN & 62 other websites!

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Contemporary Highlands Recent Remodel Impres-sive/Open Design w/Gourmet Kitchen, Granite Slab/SS Appl. Lovely Tree-Lined/Cul-De-Sac & Quiet/Private/Fenced Yard. Easy 405/520 Access. – SOLD $492K –

HIGHLANDS

SOLD

Spectacular $85K Remodel And Impeccable Open Design W/New Paint/Hardwoods/ Carpet/Gourmet Kit/SS Appl & Granite Counters. All New Lighting Makes Th is Home Incredibly Light/

Bright. 2-Car Gar + Prime Cul-De-Sac Location & Min To Lake Washington Schools & I-405!

� SOLD $360K�

NORTH JUANITA

SOLD

Stunning Houghton 4-Bed/2.75-Bath/ 2570sq Ft Home W/Lake View. Gourmet Kitchen With SS Appl, Granite Slab & Hardwoods. Lots Of Nat’l Light. Quiet & Tree-Lined Private Drive.

– SOLD $575K –

HOUGHTON

Meticulous & one-of-a kind 2-story on private/ quiet/tree-lined street. Assessed Value=$378K! Completely turn-key & Pottery-Barn cute w/rare 2-car gar! New ext/int paint, new carpet, fncd yrd w/large deck, all applc stay

+ AC, 2 car gar. Vaulted ceilings, tennis & basketball courts/parks/trails/min to DT Kirkland/waterfront/I-405. MLS #129536! $199,900

FORBES CREEK

PENDIN

G

SOLD

Impeccable 1.45acre Mini ESTATE w/Remodeled 3210sq ft home. New Windows/Gas Furnace/AC/Hardwood Flooring/Granite Counters & More. Open Floor Design w/Vaulted Ceilings. Lovely & Quiet Tree-Lined Street Completely Private w/Natural Light Pouring In. Walk to Lk Wash Schools & Wineries/Brewery.MLS #188389 $554,500

KIRKLAND WINE COUNTRY

See All Available Listings at www.DebbieWalter.com

• Your Home Showcased on YouTube,

PENDIN

G

“Because You and Your HomeDeserve the Very BEST”

Sold in

6 Days!

See All Available Listings at www.DebbieWalter.com 47

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See All Available Listings at www.DebbieWalter.com 47

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1818 Market St., Kirkland

425-828-9828choicesrealtynw.com 47

5416

WelcomeLaMonica Hummel

Senior Vice President& Relocation Director

We are looking for good Realtors

[ WALTER from page 11]

REALESTATE

“A few gallons of paint will cost less

than $50 and it’s actually fun to

spend a weekend giving your new

home a ‘fresh’ look. Understand that

sometimes buyers can get the property at discounts as much

as 30 percent or more, depending

on the owner’s circumstances.”

Debbie Walter

Page 3: 01AprilREKirkland

[13]April 1, 2011www.kirklandreporter.com

Windermere Real Estate East, Inc. Kirkland/Yarrow Bay O� ce

3933 Lake Washington Blvd NE, Suite 100

425-822-5100

Natasha Bosch425-766-8019

www.kirklandstyle.com

Heidi Bright425-820-5343

www.bigdogrealty.com

G.G. Getz206-915-7777

www.gggetz.com

Kathryne Green425-766-1315

[email protected]

Craig Gaudry425-576-5555

[email protected]

Chelle Nelson206-953-5927

www.chellenelson.com

Kathy Magner425-803-9457

[email protected]

Carlene Sandstrom206-910-3662

www.carlenesandstrom.com

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WEST OF MARKET $3,400,000Exquisitely remodeled & immaculately maintained rambler on one of the best lots positioned to maximize lake, city & mountain views! Timelessly elegant, an entertainer’s dream home. Perfect indoor-outdoor � ow in this private retreat. www.kathymagner.com

KATHY MAGNER 425-803-9457

WATERFRONT GOLF COURSE ESTATE $1,175,000Private Golf Course Estate o� ering a very private, gated setting on the 9th Fairway at Inglewood Golf Club. 160+ feet of Waterfront at the North end of Lk WA, set on a 3/4 Acre lot, bordered by Conservancy parcels providing a serene, quiet, & private vacation lifestyle. www.BigDogRealty.com

HEIDI BRIGHT 425-820-5343

NEW PRICE

HOLMES POINT $199,000Wonderful shy acre lot w/level areas & great lake, city, mtn views. Peaceful setting close to Denny Park and boat launch. Water & Sewer recently brought into street. TOPO completed with buildable main structure as well as ADU/Garage

KATHRYNE GREEN 425-766-1315

EAST OF MARKET $550,000Unique, charming home w/ever changing City & Mtn views! 5 bdrms,3 kitchens, 2.75 bths & detached MIL. Huge 910 sq ft deck o� main level w/city & Mt Rainier views. Unique property w/2 separate living spaces + studio. 2 car gar o� alley. Great location on 9th Ave!

KATHRYNE GREEN 425-766-1315

HOUGHTON $629,500NEW ON THE MARKET...PERFECT HOUGHTON LOCATION! 3200 sq ft,4bd/3ba perfectly remodeled top to bottom! MIL/guest suite w/sep entry. This home is fabulous and simply priced to SELL! WWW.CarleneSandstrom.com

CARLENE SANDSTROM 206-910-3662

NEW PRICE

WEST OF MARKET $1,599,000Situated in a prime West of Market location this custom view home was designed w/a New Orleans � air! Relax & enjoy the stunning panoramic Lake views. You’re only one block to the Lake. Photo gallery at www.Gaudry.com MLS # 193466

CRAIG GAUDRY 425-576-5555

EAST OF MARKET $679,000 Craftsman Cottage nestled on Secluded lot banded by Greenspace. Baby Boomer Heaven-Main Floor Master. Downstairs domain for kids or guests. Island, sky-lit Kitchen � ows into Great Room. 202 20th Ave. www.gggezresults.com

GG GETZ 206-915-7777

WEST OF MARKET $899,900Lofty windows with lake views, corner deck for enjoying those eve-ning sunsets, cherry hardwood � oors, bonus room on main � oor can be used as den/o� ce. Separate accessory unit above the gar with 1 bdrm, deck, kitchen, full bath and views! www.kirklandstyle.com

NATASHA BOSCH 425-766-8019

YARROW BAY VILLAGE $678,000Warm & enchanting traditional home nestled in gorgeous, lush landscaping on a culdesac. Bright & cheery tiled kitchen with large island. Beamed & vaulted ceilings. 4 bdrms + bonus rm. 3-car garage. www.chellenelson.com

CHELLE NELSON 206-953-5927

KIRKLAND $779,000Luxurious, Light-� lled patio home in rare steel & concrete build-ing. Waterfront parks & downtown Kirkland are your playground. 2 bdrm Suites + Hand-crafted den. Customized Island Kitchen. Great Room & Flex Room. 530 Lake St. www.ggetzresults.com

GG GETZ 206-915-7777

PENDING

NEW PRICE

Real Estate

Page 4: 01AprilREKirkland

April 1, 2011[14] www.kirklandreporter.com Real Estate

KIRKLANDKIRKLAND

REAL ESTATEYour guide to Real Estate and home buying & selling

West of Market : KirklandUnsurpassed Quality - New Construction

$1,488,000

Coldwell Banker BainInt’l President’s Premier

Top 1%, CRS, GRI425.450.5208

[email protected]

www.bethbillington.com

Lake Views : Downtown Kirkland2 Luxury Craftsman Homes with Elevators

$975,000 - $998,000

Bridle Trails : BellevueExquisite Renovation on ¾ Acre

$1,850,000

Bridle Trails : BellevueGated Estate with Gorgeous Details

$2,475,000

474060

To advertise, call Mike @ 425.822.9166

44

99

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Patrick O’Neil Sr. Account Manager(206) 930-2202 Offi ce Fax (425) 576-8187

14450 N.E. 29th Place • Bellevue, WA 98007Email: [email protected] 4

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18

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SPRING OFFERI’ll pay $3,000 towards your closing costs

when you buy a home from me.Your local Real Estate Professional.

[email protected] 206-999-2107

4748

71

[email protected]

Real Estate & Mortgage Professionals

Choices Realty Northwest in Kirkland is on the move with the addition of a new Relocation Depart-ment. Owner for past six years, Michael Kaz, is proud to announce the addition of Ms. LaMonica Hummel as Senior Vice President and Relocation Director. She will oversee all aspects of the company’s reloca-tion e� orts and supervise a highly quali� ed team of relocation specialists.

Ms. Hummel brings 10 years of corpo-rate relocation expertise and has received industry wide recognition for her achieve-ments. She has always been dedicated to providing the high-est level of customer service and satisfaction to companies and individuals looking for a new place to call home.

“Clients and companies that entrust their home-� nding and selling business to Choices Realty NW will receive our undivided attention to their needs, exceptional service, and prompt results.” says Ms. Hummel.

“Ms. Hummel will be responsible for broadening our client base and expanding our range of relocation services nationally. She brings excellent communication skills and a commitment to quality service that has allowed her to expertly handle thousands of transferees throughout her suc-cessful career,” says Kaz.

Choices Realty NE will be opening a second o� ce in Bel-levue in the upcoming months. www.ChoicesRealtyNW.com

Choices Realtyis expanding

Real Estate Sales in Kirkland, WA • March 1-March 29, 2011Residential Housing in 98033

247 Slater St S $235,000 7831 126th Avenue NE $255,000 10028 116th Ave NE $294,900 11818 104th Ave NE $299,950 11395 92nd St $305,000 12701 102nd Ave NE $320,000 11719 NE 75th Place $360,000 13422 128th Place NE $369,000 13438 110th Place NE $375,000 1714 1st St $384,500 11010 NE 41st Dr $399,950 17 19th Ave $437,500 10615 NE 120th St $449,950 501 Kirkland Ave $495,000 1906 3rd St $495,800 9309 126th Ave NE $613,000 115 5th Ave W $624,000 12323 NE 102nd Lane $625,000 6007 136th Ave NE $635,900 606 7th St S $645,000 11821 NE 48th Place $685,000 713 18th Ave W $890,000 447 10th Ave $899,000 1108 5th St $900,000 8855 NE Juanita Lane $950,000 1059 3rd S $1,100,000 629 11th Ave $1,100,000 1625 10th St W $1,390,000

Residential Housing in 9803411412 113th Place NE $80,907 13327 119th Ave NE $233,500 9210 NE 134th St $258,500 11121 NE 145th St $270,000

12701 102nd Ave NE $320,000 11617 NE 136th St $329,500 13010 NE 137th Place $330,001 14317 110th Ave NE $332,000 12415 106th Place NE $365,000 11751 NE 143rd St $369,000 11830 89th Ave NE $425,000 11831 89th Place NE $425,000 8004 NE 128 St $440,000 13622 NE 136 Place $541,000 11725 90th Ave NE $550,000 6317 NE 138th Place $1,125,000

Condos/Townhomes in 98033 & 980349807 NE 124th St #208 $86,00014316 126 Ave NE #D103 $103,000 10015 NE 120th Lane #E103 $105,00012611 109th Ct NE #J104 $107,0008248 126th Ave NE #C203 $119,5008240 126th Ave NE #301 $133,00013110 102nd Lane NE #4 $148,50012749 NE 132nd St #16 $165,00011309 NE 128th St #F 301 $168,00011801 100th Ave NE #A-202 $168,500742 Kirkland Cir #E105 $183,000375 Kirkland Ave #339 $205,00065 Kirkland Ave #206 $205,00011623 NE 90th St $234,90012 18TH Ave #12A $235,000375 Kirkland Ave #338 $320,000520 4th St #36 $321,00011010 NE 41st Dr $399,950211 Kirkland Ave #308 $410,000501 Kirkland Ave #109 $495,000221 5th Ave S #E303 $540,000816 Lake St S #816 $660,000

LaMonica Hummel

Page 5: 01AprilREKirkland

[15]April 1, 2011www.kirklandreporter.com

KIRKLAND

TACOMA

SILVERDALE

KALAMA

BATTLE GROUND

SALMON CREEK

VANCOUVER

LAKE OSWEGO

CLACKAMAS

PORTLAND

BEND

LA GRANDE

LINCOLN CITY

EUGENE

HOOD RIVER/THE DALLESHOOD RIVER/THE DALLES

Locally Owned. Information deemed reliable but subject to change without notice. This is not a commitment to lend. Call for Details. NMLS-3240, CL-3240

directorsmortgage netnet

888.636.1112Kirkland

You Deserve the Best

4755

59

Prestige Home Mortgage4610 200th Street SW #D, Lynnwood, WA 98036

425-275-0633Cell: 425-766-5408 Fax 425-275-0649

www.loansbygina.comLic # 510-LO-33202

“Let me help

you with

� nancing your

dream home.”

425-275-0633 • Cell: 425-766-5408 • Fax: 425-275-0649 loansbygina.com • [email protected] • Lic # MLO#115337

Prestige Home Mortgage425-275-0633

Cell: 425-766-5408 • Fax 425-275-0649www.loansbygina.com Lic # 510-LO-33202

KNOWLEDGE • EXPERIENCE • VALUE

Text

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loansbygina.comGina BrownSenior Loan O� cer

Mortgage CapitalAssociates, Inc.

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Roslyn ComleyColdwell Banker BainPresident’s CirclePreviews Specialist & Relocation Specialistwww.roslyncomley.com425-351-2208

FREE HOUSEFantastic opportunity to purchase 1 or 2

lots in Downtown Kirkland. One lot comeswith a Free House. CALL ME!

To advertise, call @ 425.822.9166

Business & FinancialProfessionals

4469

84

Real Estate

KIRKLANDKIRKLAND

REAL ESTATEYour guide to Real Estate and home buying & selling

Looking for a good movie? I highly recommend a documentary that played in theaters titled “Inside Job.” It’s about the � nancial collapse in the U.S. and includes inter-views with some key players involved, explain-ing the incestu-ous relationships among banks, rating agencies, government of-� cials and paid consultants.

One of the more eye-opening interviews is with Frederick Mishkin, former Federal Reserve governor and current professor at the Columbia School of Business.

In the interview he is asked about a paper he co-authored titled, Financial Stability in Iceland, in which he writes in glowing terms about the country’s strong and stable � nancial markets. Keep in mind that this was mere months before the country’s banks and economy col-

lapsed under enormous debt. He is then asked what,

in his research, made him believe Iceland’s market was so stable. A� er fumbling for an answer, he came up with, “You talk to people, you have

faith in the central bank.” When asked how much money the Icelandic Chamber of Commerce paid him to write the report, Mishkin’s response was $124,000.

� is certainly leads one to reconsider

how much forethought and practical knowledge those in control of monetary policy really have. But, there’s more. � e next question the inter-viewer asked leaves the poor man momentarily speechless. Mishkin is presented a copy of his paper, on which the title of the 2006 report has been changed to Financial In-stability in Iceland. All Mish-kin could do was mumble something about a typo.

I bring this up not to attack

Mishkin, but to highlight that central bankers can get things wrong. And, in the case of the bailout fever that � rmly grips the U.S. and is spreading quickly in Europe, evidence is emerging that our monetary policy chiefs are exactly that: Wrong. Again.

Take Iceland. � e country let its banks fail, it didn’t use taxpayer money to bail them out, and the country and its currency have paid a heavy price. However, just a few short years a� er its crash, Iceland’s budget de� cit will be 6.3 percent this year and will vanish by 2012, the European Commission estimates. Con-trast this with Ireland, which will leave a 32 percent de� cit as estimated by the European Commission.

John Klevens is the prin-cipal � nancial advisor for Klevens Capital Manage-ment. Call 425-453-6353.

Iceland’s crash offers lessonsFINANCE

John

Kle

vens

more story online …kirklandreporter.com

Page 6: 01AprilREKirkland

April 1, 2011[16] www.kirklandreporter.com

put our knowledgeON YOUR SIDE

474120

8525 120th Avenue NE #100, Kirkland, WA 98033Just South of Costco

425-602-4150CBBain.com/kirkland

Spectacular Stucco Home $1,100,000Grandest living in the heart of Kirkland. Beauty abounds in this 5 bed/5bath stucco home. Mountain/lake views, master suite w/relaxing jetted spa tub, cozy � replace, Juliet balcony. Gourmet chef kitchen, light, bright and airy. Lovely landscaping, fully fenced back yard, top of quiet, private cul-de-sac. #187974

Kim [email protected]

[email protected]

Beautiful Condo - Google! $225,000Exceptional 4B2.5B home in desirable Bridlewood. Designer Beautiful 2 bedroom condo walking distance to Google and Kirkland beaches! Quiet, private complex, home has been wonderfully updated with new cabinets, tile � oors, new appliances. Exterior consists of tile roof and real wood siding that should last for years! #164297

Penthouse Living! $1,149,000Discover a 180 Waterfront Lake Washington View when you walk into this amazing Lake Street penthouse in Kirkland! French Riviera living in the Northwest. Walk to restaurant, galleries and shops. All that Kirkland has to offer at your doorsteps! Just in time for summer!

Hyde Park Stunning Buchan $765,000In prestigious, private gated community, in quiet cul-de-sac, only 28 estate-like homes nestled within a 38 acre reserve of natural beauty. Stunning interior, 3746 sq.ft includes grand vaulted entry, bridal stairway, chef’s kitchen 5 burner gas cooktop, w/granite counter, lavish master BDRM w/spa-like bath, A/C #80008

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West Of Market $675,000One block to Waterfront! Experience Urban living in this Fabulous, newly remodeled home with attention to detail. Gourmet kitchen with top of the line stainless steel appliances, granite counter tops. Sun kissed daylight basement is bright and open!

Yuno Marioni206-799-1576 [email protected]

Julie [email protected]

Refi ned Living $899,000This stunning residence displays the � nishing touches you can expect from a house of this stature. 4 bedrooms, including 2 master suites (1 on main � oor), a bonus room, a den: possibilities are endless. Full Viking gourmet kitchen opens on a spacious covered patio and very private backyard. Entertainment heaven! #122499

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Polo Club - Woodinville $875,000Luxurious one level living w/huge bonus RM up. 4632 Sq ft, 4 Bds,3.5 BA, marble foyer, high-arched entries, gallery hallways. 24 fT triple trayed ceilings, w/exquisitely crown moldings. Formal entertaining, 3 FP, AC, lg gourmet granite slab kitchen w/center island. Sub Zero, 6 Burner Gas Viking Stove top, Miele app. # 186044

Kim [email protected]

[email protected]

Bridlewood/Juanita Beauty! $524,900Exceptional 4B2.5B home in desirable Bridlewood. Designer paint, light � xture, updated baths and kitchen w/granite, stainless appliances, gas log frplc, den. Large bonus room w/attached bedroom. Luxury master bath w/2 sinks,S walk in closet, 3 car gar, award win Northshore schools, Juanita Hot tub-big deck- play spaces! #157969

Julie [email protected]

Yuno Marioni206-799-1576 [email protected]

PENDING

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