Reed Real Estate Blog

It is that time of year when we are getting phone calls into the office……”lower my price…..I’m motivated to sell…..get me an offer!!!”  We have several listings that fit that description:

GREAT VIEW LOT in Pronghorn Meadows…..seller wants to close within 30 days so wants QUICK- CASH offer!!!  Currently listed at $239,000 but you might be surprised at what they would take!!!

Just reduced!!  Older home in lower Ennis on two lots!!  -  REDUCED to $ 149,000 - keep the house and sell the lot to reduce mortgage expense!!! 

Lot #3 on the Ridge at Valley Garden Golf Village  - 1.27 acres REDUCED to $149,900  -  motivated seller says “get me an offer that I can live with!!”

5 bedroom/3 bath home in lower Ennis has just been reduced to $225,000. 

Lot #96 of Valley Garden Golf Village  -  .078 acres REDUCED to $69,900  -  seller wants to sell and change investment locations!

Lot #90 of Valley Garden Golf Village  -  .928 acres   -  REDUCED to $94,900

*PENDING*  Home on Lot #108 at the Golf Course - 4 bedroom / 3 bath - 2598 SF home  -  JUST REDUCED to $265,000.  This home will qualify for “First Time Homebuyers - $8,000 TAX CREDIT” as well as FHA, VA, and Montana Board of Housing loans.  Don’t miss the opportunity to make a great investment as you live in your new home!!  Interest rates are still at historic lows and your payment may be lower than you ever dreamed possible!!!

80 acres at Bear Creek  (Broker owned) -  JUST REDUCED to $ 495,000 - seasonal irrigation water, fenced, great views!

Lot 111 at Shining Mountains Unit I  -  JUST REDUCED and the price is only good until 3/15/2010 - 6.305 acres bordering large ranch with great views of the Madison Range.  Ownership, paid annual dues ($100) gives access to stocked lakes for fishing, BLM and FS for recreation and hunting  -  $47,000 PRICED TO SELL!!!

Two adjoing parcels with one building site at BULL WHEEL - just reduced to $119,900.  The next least expensive listing in that subdivision is $150,000.  The last two sales in that area were $128,500 and $135,500.

CREEK, TREES, UNDERGROUND POWER, VIEWS, 40 ACRES  -  $249,000 (Broker owned) and an offer is being solicited……bring me one!!!

61+ acres with NO COVENANTS and GREAT YEAR ROUND ACCESS!!!  $395,000

LOCATION….LOCATION….LOCATION - great views and good access off County Loop Road.  $75,000

THREE ADJOING PARCELS AT BEAR CREEK…..Prices have been dropped $100,000 for the NEXT buyer only!!!

CREEK, TREES & NO COVENANTS on 49+/- acres with large barn, riding arena, and 3 bedroom 2720+/- SF apartment.  Perfect for horse lovers!!  $895,000  Adjoining 80 +/- acres may be purchased for $495,000 or purchase the entire place = 129+/- acres and improvements for $1,250,000.  PRICED BELOW APPRAISED VALUE….MOTIVED SELLER!!!  Broker owned.

There has not been a better time to be a buyer in years!!  Interest rates are still at historic lows…..sellers are motivated enough to do creative financing…….and prices are the best we have seen since 2005!!  Tomorrow’s real estate millionaires are being made today!!  For more information contact us at Reed Real Estate - 406-682-4288 and we will help you find your next investment!!!

25 Below Zero temperatures brought about a second gorging of the Madison River.  The ice has now built up to the bottom of the bridge and it is getting close to the top of the dyke.  O’Dell Creek has received most of the water and the low lands east of Ennis are all flooded.  This weeks swing (70 degrees warmer) is seeing highs in the mid 40s so it shouldn’t take too long for the channel to reopen.

Steve Stiles, Big Sky Mortgage Services, has given us the rates for

Tuesday, March 9th, 2010

The rates for fixed mortgages are LOWER this week!!  

LOAN AMOUNT          $150,000       $250,000       $300,000

30 YR Fixed-5.125%      $816.73          $1,361.22        $1,633.46

15 YR Fixed-4.500%    $1,147.49       $1,912.48        $2,294.98

5/1 ARM  -4.250%       $737.91          $1,229.85       $1,475.82

Special thanks to Steve……we will try to post any changes on a weekly basis.  There has been no better time to be a buyer than NOW!!!

As the temperature rises the river recedes.  The Madison River is back in it’s banks and hopefully these pictures will give you some insight as to the depth of the ice during a gorge.  It is back in it’s channel for now…..wait to see what sub zero temperatures will do next!!

The subzero temperatures has brought about the ”gorging” of the Madison River.  Much as the name indicates, the river literally throws itself out of its banks as ice increases on it’s rock bottom.  The result is many flooded acres of land and the river itself running a new channel.  As the temperatures warm, the river will open once again and go back to it’s normal routes.  Fun to see……it is my understanding that it is one of two rivers in the world that do this in the winter!!

The Web Cam is a live stream of video looking east down the Ennis Main Street.  It is NOT recorded!!  Following are the instructions to make our Web Cam work on your computer……WELCOME!!!

The WEB CAM has continued to be a fun project for Reed Real Estate with many of our friends and family enjoying watching Main Street, Ennis. (We do want to reiterate it is a “live feed only” and nothing is recorded.) To see Ennis live simply:

1.) Your system needs to be Internet Explorer and the pop up blocker removed.   2.) When the web cam screen comes up place the curser on the large screen (ignore the buttons on the left of the screen).   3.) Instructions will pop in “click to install” double click, this may take a few minutes to up load.  If you have any trouble, feel free to call “Nancy” at Reed Real Estate (406-682-4288) and she can walk you through the process.

Reed Real Estate welcomes you to the BLOG!!  Here are the simple instructions on how it will work for you and we encourage you to make comments and ask questions!!

Blog Site registration: 1- From our web site (reedrealestate.com) main page  2- click on BLOG.  3- Scroll down page, on right side below Meta click on register.  4- Username: fist name, last name or what ever you would like  5- Email: your email address  6- Your password will be emailed to you.   7- Repeat steps 1- 5 8- type in the password that was email to you. You can change your password the first time you log in. 9- Change or keep the password that was emailed to you. Click on remember my password. Call Reed Real Estate if you need any assistance.  406-682-4288

The $8,000 TAX CREDIT has been extended to April 30, 2101.  This TAX CREDIT is available to “First Time Home Buyers”, which is defined as anyone not have owned a home in the past three years.  An additonal provision was added to the bill which allows for a $6,500 TAX CREDIT for people who have lived in their current residences at least five years, sell that residence and purchase another.  This allow people to make new choices for home ownership.  Your accountant should have the details for this bill and be able to give you more information.  The homes that qualify include manufactured homes, condominiums, townhouses, and single family dwellings.  CALL TODAY for specific information and to see what is available for you……we have MANY motivated sellers!!