Expert real estate professional with enthusiasm for the Pacific Northwest. Port Townsend, Washington is the gem of the northwest, an historic port with fabulous architecture and charm. There is a lively arts scene, fine restaurants, comfortable local coffee shops to hang out in, and unique and interesting shopping. Just 2 hours (including a ferry ride across Puget Sound) from downtown Seattle, but a world away in terms of lifestyle, recreational opportunities, and pace. Contact me for relocation information.
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Trulia Voices!
Only if the bank will approve assumption of the existing mortgage. Otherwise your parents will have to qualify for and get a new mortgage. - Tue Feb 10 2009, 16:21
A cost approach is done on new construction. You will need to figure the value of the land, using not only your property, but other comparables in the area that have sold within the last 6 months. This assumes that all necessary improvements (ie utilities) have been accomplished and the lot is ready to build on. That will establish the value of the land. Then you will need to figure a cost to construct the home based on the per square foot figure that your builder gives you. If this is not available then you can look at other new construction of the same quality as the home you'd like to build and use that cost per square foot figure. Be sure to use sold prices of other similar homes, not listing prices. Add that to the value of the land and you'll get pretty close to what the bank's appraiser will estimate. - Tue Feb 10 2009, 16:19
Specializing in real estate sales in the Port Townsend, Washington area, including Cape George Colony, Kala Point, Marrowstone Island and Port Ludlow. If you're looking for a home on the Olympic Peninsula of Washington. you've come to the right place. I also have great experience in residential permitting and building issues, having been in the building business since 1995. Helping people to find their vacation home, retirement home, or luxury waterfront home is my passion. I'll have the answers to your questions for you and communicate effectively.
Latest:
Co-Owner for
Jaguar Construction LLC
January 2000—present
Certified Residential Specialist (CRS)
Graduate, Realtor Institute (GRI)