Blog

updated September 16, 2009:

Chelan Resort Suites 12 of 15 sold! Sellers and buyers are very happy!

updated August 28, 2009:

Well folks we are at nine sales and counting. We have seen very good post auction activity and expect 2-3 more sales shortly. There is still time to take advantage if this wonderful opportunity.
Call Ed @206-669-6302

updated August 28, 2009:

Eight sales and counting!! Expecting 9 tonight then 10-11 this weekend. People are seeing the opportunity, There are still great opportunities here don't miss out.

updated August 6, 2009:

Well we are 3 days away. There is plenty of time to take advantage of this great opportunity to own a Lake Chelan condo with nightly rental zoning. There is no more land being made and this is perfect timing at a prime location.

We will be pre-approving Buyers right up to the start of the auction if necessary. Call Ed for questions or a last minute showing, we will be open by noon on Friday for previews and Saturday Morning by 10:00 am. See you in Chelan!

updated August 3, 2009:

• Final week before the auction!
• Inspections of all units will be available Thursday night!!
• If you plan to bid, please call Ed to reserve a parking stall.
• If you have not bought at a live auction, Tim Murphy will conduct a Mock Auction Seminar at 11:15, auction day.
• *We have some requests for out of town bidders, please call so we may accomodate you! You can bid by phone!! Provided you are registered...
• Spectators will be allowed at the auctioneer's discretion. Registered bidders will be accomodated first.

updated July 28, 2009:

One more price reduction: The minimum bid on unit 101 has been lowered to $249,000!!!!

Please notify Ed Flanigan 206-669-6302 as soon as you know you will be attending the auction, we’d like to reserve a parking space for you in the secured underground parking of the Chelan Resort Suites building. Also if you are unable to make it to Chelan and would like to bid, notify Ed immediately and we will make accomodations for you.

Please notice all minimum bid price changes. 5 have been lowered!!!

We’ve had great interest, this will be a great auction, we hope you don't miss out in this great investment opportunity.

updated July 21, 2009:

Good Morning, Don't forget, there will be a mock auction seminar held at 11:15 the day of the auction. We also want to clarify a very important point, these condos are 100% ownership, all yours, no timeshare. Finally, the Developer just informed me that if any of you have stayed at Chelan Resort Suites during 2009 they will credit the amount of your stay toward the purchase price if you buy a condo at the auction.

Please take notice of all the new minimum bids and the extra incentives offered by the Builder.

updated July 17, 2009:

The Builder is getting serious and told us to insure success at the auction. Call and give Ed or Julie your feedback.

MINIMUM BIDS JUST LOWERED!!! 2 bedrooms now start at $219,000.

We will be open this weekend and Bob will be there Saturday and Sunday, stop by. We have lowered the minimum bids on four more of the condos. 2 bedrooms now start at $219,000... Five condos will receive an additional parking stall. Five others will receive 6 months of the HOA dues paid. Check the price sheet for details. These prices are 1/3 the cost of the other comparable projects in Chelan. Rates are good on financing, it looks like it's opportunity time. We can also accommodate last minute showings as well so call Ed at 206-669-6302

updated July 6, 2009:

The weather is great in Chelan, the preview Sunday was in the mid 80's. The Chelan Resort suites are open for viewing every weekend until the Auction. Some units will receive an HOA dues credit of $2,400. Some units will receive 2 secure parking stalls (value of 10-15 k).

The rental opportunity is fantastic when you are not staying there, it is non-profit and hassle free.

With the current prices adjusted for immediate sale, and the Rental business increasing the timing is right for this investment. Come see for yourself.

updated June 25, 2009:

LAKE CHELAN! We are just about to launch the advertising campaign for the newly constructed Chelan Resort Suites. The auction date is August 8 at 2:00 p.m. With almost 70% of the building sold this is quite an opportunity. High end new construction, great lake access, views, pool, your own full time management company onsite.Too much to list... Look at the photos, call about our financing.

This will be a fantastic opportunity to own a second home/ or vacation rental. This building has a non-profit rental operation that is first class and a strong HOA with substantial reserves. If you have considered a purchase in The Lake Chelan area,these full ownership condos deserve a serious look.

We invite you to come visit on our preview dates. Every Saturday and Sunday 3-7 pm through the first weekend in August. Except July 18/19. Or call today

updated June 15, 2009:

Our May 30th auction was a success. The Kent communities being the most popular, with every house selling at Sunnfjord. Many first time Buyers were able to get just what they had been waiting for. Investors also were satisfied.

Cantera sold all but four homes, two have sold since the auction and we have both models still available. Custer Oaks has a few condos left at great pricing. So call today.

updated May 26, 2009:

There is still time for last minute showings and pre-approvals!

updated May 21, 2009:

DOORS WILL OPEN AT 10:30 AM MAY 30TH!!!

You have plenty of time to preview and get ready... We had great attendance at the Mock Auction Seminar and many people were able to get their questions answered. I will cover a few of the key points in case you were unable to attend.

Inspections have been completed on all homes the reports were sent to the Seller. There were only minor items. The Builder has diligently addressed all items on the inspections of every home, and Barry Mortensen from WIN Home Inspection will be re-inspecting the properties next Tuesday.

If you need an inspection report prior to bidding. Just call Qui at 253-859-8500. Brokers, if you need a Broker Participation Form, also call Qui or James G. Murphy Auction Co. at 425-486-1246.

Also to keep in mind, if you’re a Sunnfjord purchaser, Peter James at 253-988-0426 at Golf Savings is the preferred lender and his company will offer 3% of your closing cost paid for you up to $20,000 of the final sales price. Shawn Portmann 253-208-7817, the preferred lender for the other 3 communities (Canterra, Cooper Crest and Custer Oaks) offers a 14 day closing guarantee, or he will pay your closing cost for you and this does apply to FHA and VA.

Please remember, if you need an inspection or last minute preview call Ed or Qui.

The Auction premium is 5% and the winning bidder will pay the inspection fee of $250.00 Earnest money for homes is $5,000 in the form of a cashiers check made out to First American Title. $1,500 for condos. Earnest money is non-refundable and due only if you are the winning bidder. Finally you will need a pre-approval letter from a loan institution. IF YOU HAVE BEEN BUSY AND HAVE NOT HAD TIME TO PREQUALIFY DON'T WORRY. WE WILL HAVE LENDERS AT THE AUCTION TO DO LAST MINUTE PRE-APPROVALS.

Exciting summer news for those who love the Lake Chelan area!

This is a rare jewel at the lake where there is very little room left for development. We’re just about to launch auction marketing for brand new condominiums in the Lake Chelan area. These are luxury condominiums and will be sold at a minimum bid of $195,000 to $270,000. Most of the other condos in the building have sold previously for over $430,000 and the building is 70% sold out. It’s an excellent second home or a vacation rental. They have an on-site rental office and a great program up and running. There is so much more on this project. Stay tuned as we release information. You’ll be able to attend Previews July 5th, 11th, 12th, 25th, 26th, 31st and August 1st.

updated May 15, 2009:

Remember, If you are thinking of bidding please join us at the mock auction seminar on Wednesday May 20th.

We are nearly down to the final preview date for the auction, come out his weekend and take a look. The weather man said you may not need an umbrella. We were just informed yesterday that Barry Mortensen from win Home Inspection will be at the auction to give an overview of what he experienced on the home inspections.

Mostly minor pick up items which the Builder has been diligent about resolving. As the date approaches we have staff available for last minute showings of the properties so feel free to call us.

Enjoy a wonderful weekend and thank you from all of us at Murphy Real Estate Auctions.

updated May 12, 2009:

Soundbuilt auction update: open house activity has been better than expected. We have a fair amount of people signed up for the Mock Auction Seminar that is may 20th.

All inspections on the homes have been completed and are under review. Only minor issues which the Builder has stepped forward to resolve. Nice to have all of that out of the way so we can be assured our Buyers are satisfied.

We listed a couple properties in the MLS above minimum bids to test interest. We received offers immediately. With interest rates at the lows they are and these incredible starting bid prices it seems like this auction is really going to be an opportunity for the Buyer.

Julie and I put the final touch on the venue layout today and it seems like our location is perfect. Privacy for signing offers. A large screen and nice technology for viewing.

12 computers available for last minute private viewing, and a seperate area for spectators to lounge until all bidders are seated. 18 days left, plenty of time to make your new home selection. Call with any questions. We have staff available for last minute showings and lenders ready to assist with your prequalification for financing.

Thank you for your interest and support.

updated April 29, 2009:

"The market may be on the move. Seattle Times reported today that US housing is now considered under-valued."
- Seattle Times (issue 4/29/09)

• People are starting to take advantage of the interest rate and the $8,000 tax credit for first time buyer or people who have not owned for more than 3 years.
• Renters are on the move to buy since prices and interest rates bring home ownership close to or below the cost of rent in some cases.
• Several new home communities have been sitting with finished inventory for the last year, but have seen a surge in sales in the last month. Watch for this trend to continue and as inventory shrinks, supply & demand will come more into balance. We are even seeing multiple offers on new homes in the $250-400k price range.