Olympia and Thurston County Washington
Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from national market statistics to greater Olympia area home value trends and Thurston County happenings. That’s because we care about the community we serve and want to help you find your place in it. Please reach out if you have any questions at all or have a question or situation we can bring clarity to, and maybe it will end up being an article to help everyone!

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Feb. 23, 2021

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

The Reason Mortgage Rates Are Projected to Increase and What It Means for You | MyKCM

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer.

Whenever we try to forecast mortgage rates, we should consider the advice of Mark Fleming, Chief Economist at First American:

“You know, the fallacy of economic forecasting is don’t ever try and forecast interest rates and/or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

Many things impact mortgage rates. The economy, inflation, and Fed policy, just to name a few. That makes forecasting rates difficult. However, there’s one metric that has held up over the last fifty years – the relationship between mortgage rates and the 10-year treasury rate. Here’s a graph detailing this relationship since Freddie Mac started keeping mortgage rate records in 1972:

The Reason Mortgage Rates Are Projected to Increase and What It Means for You | MyKCM

There’s no denying the close relationship between the two. Over the last five decades, there’s been an average 1.7-point spread between these two rates. It’s this long-term relationship that has some forecasters projecting an increase in mortgage rates as we move throughout the year. This is based on the recent surge in the 10-year treasury rate shown here:

The Reason Mortgage Rates Are Projected to Increase and What It Means for You | MyKCM

The spread between the two is now 1.53, indicating mortgage rates could rise. Actually, a bump-up in rate has already begun. As Joel Kan, Associate VP of Economic Forecasting for the Mortgage Bankers Association, reveals:

“Expectations of faster economic growth and inflation continue to push Treasury yields & mortgage rates higher. Since hitting a survey low in December, the 30-year fixed rate has slowly risen, & last week climbed to its highest level since Nov 2020.”

How high might they go in 2021?

No one knows for sure. Sam Khater, Chief Economist for Freddie Mac, recently suggested:

“While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3% range for the year.”

What does this mean for you?

Whether you’re a first-time buyer or you’ve purchased a home before, even an increase of half a point in mortgage rate (2.81 to 3.31%) makes a big difference. On a $300,000 mortgage, that difference (including principal and interest) is $82 a month, $984 a year, or a total of $29,520 over the life of the home loan.

Bottom Line

Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year. It may make sense to buy now rather than wait.

Feb. 19, 2021

100 Days to Greatness

EXCITING NEWS

MVP's CEO and Certified Mentor, Matthew Plummer, is going to be facilitating 100 Days to Greatness and we want you to consider taking it!

This is the most comprehensive, step-by-step training program ever created for the real estate industry. Developed and taught by industry legend, Brian Buffini, the course will guide you through proven systems to launch your real estate career. You’ll receive weekly action steps to generate a steady stream of leads, gain the skills needed to close sales and learn how to leverage your time, money and energy to be successful in your career in just 100 days!

Hurry! Space if very limited in order to maintain social distancing. Masks will be required to attend.

WHAT'S INCLUDED

  • Real-world role plays, dialogues and strategies to help you build strong client relationships.
  • Professionally-designed marketing materials to provide valuable information to your database.
  • A content-packed Online Resource Center with weekly action steps to help you launch your real estate career.
  • Complimentary access to Referral Maker®CRM designed to maximize your results.

CLASS INFORMATION

Facilitator: Matthew Plummer

Start Date: 3/1/2021 | 10:00 AM

Location: 1219 11th Ave SE Olympia WA 98501

INVEST IN YOUR FUTURE TODAY!

Cost: $495* + S&H/Tax

*Only $195 for Buffini & Company Members

*Special discounts and current sale pricing will be reflected at check out. Includes your materials for the 100 Days to Greatness course.

Please note that in order to be included in my class you will need to register by clicking our personalized registration link below. We hope you will join us for 100 Days to Greatness!

This is the same business model MVP Realty Group’s business of nearly two decades is built upon. Come learn how we do it! If you have any questions, please don't hesitate to reach out.

Feb. 18, 2021

Will Low Mortgage Rates Continue through 2021?

Will Low Mortgage Rates Continue through 2021? | MyKCM

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

“The average 30-year fixed-rate mortgage hit a record low over a dozen times in 2020 and the low interest rate environment is projected to continue through this year. We expect interest rates to average below 3% through the end of 2021. While this is a modest rise from 2020 averages, the recent vote by the Federal Reserve to keep interest rates anchored near zero should keep rates low.”

As shown in the graph below, Freddie Mac is projecting low rates going forward with a modest rise that’s expected to continue through 2022.Will Low Mortgage Rates Continue through 2021?

Will Low Mortgage Rates Continue through 2021? | MyKCM

Mac isn’t the only authority forecasting low rates with a slight rise. Fannie Mae, The Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR) also anticipate low rates with a small increase as 2021 continues on. Here’s the quarterly breakdown of their projections and how they’re expected to play out over the next year.Will Low Mortgage Rates Continue through 2021? | MyKCM

It’s important to note that, while a small change in interest rates can have a substantial impact on monthly mortgage payments, these rates are still incredibly low compared to where they were just a couple of years ago.

What does this mean for buyers?

Low mortgage rates are creating an outstanding opportunity for current homebuyers to get more for their money while staying within their budget. As the economy gets stronger and we recover from the challenges of 2020, it’s natural for rates to potentially rise in response to a healthier economy. Mark Fleming, Chief Economist at First American, reminds us:

“Rising interest rates reduce house-buying power and affordability, but are often a sign of a strong economy, which increases home buyer demand. By any historic standard, today’s mortgage rates remain historically low and will continue to boost house-buying power and keep purchase demand robust.”

With low rates fueling activity among hopeful buyers, there are a lot of people who are highly motivated and looking for homes to purchase right now. In this environment, it can be challenging to find a home to buy, so a local real estate agent will be key to your success if you’re thinking of buying too. Working with a trusted real estate professional to navigate the process while rates are in your favor might be the best move you can make.

Bottom Line

If you’re ready to buy a home, it may be wise to make your move before mortgage rates begin to rise. Let’s connect to discuss how today’s low rates can create more opportunities for you this year.

Feb. 16, 2021

Property Performance vs. Cash-flow

Homes on Cash

Invest in Real Estate with little or no money! Get rich fast with Real Estate investments! How to invest in Real Estate with no money down and no previous experience! 

If you've heard these hot button statements about making quick money in the Real Estate market, you're not alone. One of MVP's most frequently asked is "How do I get started in Real Estate investing?" Investing in real estate property can be a great way to build wealth, but it's not for everyone and there are lots of options for investing responsibly. First, let's go back to the basics and learn about the importance of cash flow vs. property performance. The factors that determine whether a property is a good investment for you. 

Calculating Property Performance

A property's investment potential can be calculated regardless of having an investor attached to the numbers. There are 3 factors to consider - property price, gross income and expenses. These 3 factors are what we have to play with when trying to make the numbers work. 

Let's look at an example. A duplex multi-family home comes on the market listed for $450,000. The rent rate per unit is $1500 giving you a total of $3000 gross monthly income and $36,000 annual gross income. The general rule for investing in Real Estate is that between taxes, insurance, repairs, vacancy turnovers etc... 25% of that income is gone to expenses, leaving 75% income as your take home or Net Operating Income (NOI).  If we break it down:

Duplex Price: $450,000

Rental Income per Unit: $1500

Total Monthly Rent Income: $3000

Annual Gross Income: $36,000

Gross Income($36k) x 75% = NOI of $27,000

Lastly, you want to look at the Capitalization Rate (CAP Rate). This is the return on your investment on an annual basis and to get this number you take your NOI divided by the purchase price of the property. The average capitalization rate changes based upon market location and characteristics. Current average is around 5% and 6+% is really healthy.

$27,000/$450,000 = CAP Rate of 6%

The Art of Cash Flow 

Cash flow is the monthly profit you bring in after all expenses are paid, including the mortgage. A couple hundred in monthly cash flow is great to see, allowing for a portion to be set aside as a maintenance and emergency fund, but it's not strictly necessary. If you already have outside funds set aside for unforeseen repairs than it can still be a good fit to find an investment property with little to no cash flow. It's situational and based on the right fit for your financials and schedule. If you have more questions about investing in Real Estate, give us a call at 360-915-9123.

Feb. 15, 2021

Renovate 2 Elevate

If you need to sell but the property is not in show-ready condition, here are some ways we can take the lead and turn your STRESS into SUCCESS!

Option 1: Investor Cash Out

When you just want to walk away and not deal with the hassle of repairs and buyers picking apart your home in inspection, MVP may be able to line up an investor to cash you out with an as-is sale! Just take the items you want from the home and WALK AWAY! We'll do the rest!

Carol - May 2017

Carol had a couple properties to sell after her husband passed away. It was an overwhelming process. She didn't want to deal with repairs necessary to bring this old rental into a condition that could be financed by a potential buyer. Minimum items necessary for financing included - kitchen appliances, new flooring throughout, drywall repair, addressing soft spots in the floor of the dining room and bathroom, rotten boards, blown window seals, mold-remediation in bedroom, replacing wall heaters in bedrooms, cabinet repair, and so much more! MVP purchased the property as-is, with cash to close quickly. She didn't have to clean out left over items or lift another finger (except to sign paperwork and cash her proceeds)!

BEFORE:

  

AFTER:

  

Option 2: Investment Partnership

If you have the time and money, we can be your guide to plan and connect you with great resources to make the updates you need to achieve TOP DOLLAR when you put your home on the market! Some clients want the best possible outcome but don't have the cash for improvements. Let MVP Partner with you!

We can examine the market, the needs of the home, and the equity available. MVP could be your investment partner - paying cash for the improvements UP FRONT, making it more likely to get HIGHER profits in your sale! MVP can help coordinate repairs, renovations, and may even invest in the up-front costs*! In partnership together, you'll receive more at the closing table than in an as-is sale.  

Zach and Daniela - Dec 2020

For Zach and Daniela, we were able to do just that! A quick assessment of the home revealed a need for all new flooring throughout. With no cash on hand, MVP helped with the initial investment, researched the inventory for top price and prepared the home for market. With the home in top shape, we were able to get the owner $25,000 above asking price! Something that wouldn't have been possible with damaged flooring, even in a strong seller's market.

   

Dave - June 2020

One of our top referring clients, Andrea Huff with Lifetime Legal, connected us with Dave who needed to sell his mom's home and move her in with him - half way across the United States! He was overwhelmed at how to accomplish this, until he met with MVP.

BEFORE:

   

Dave packed up his mom and only a small trailer of the belongings she wanted to keep and dropped his keys with MVP. First step - empty home! Next came a complete interior paint job, all new carpet, refinish hardwood floors, DEEP CLEANING, leak repair, new roof, and new landscaping all around - ALL overseen and coordinated by MVP.

AFTER:

   

The results were absolutely beautiful! We had the home professionally photographed, researched the local market, and listed it for top market price and it sold in just 15 days! 

What might have been a $380,000 home, MVP turned into a half million dollar home! 

Jennifer - Oct 2020

Wanting the most profit out of her sale, we helped Jennifer with plans for improvements. We examined which updates would get the best return on investment and which ones could be skipped in this particular market. We helped coordinate hardwood floor refinishing, interior and exterior paint, new carpets, plumber, electrician, cleaning company, and a brand new roof! With the home looking sparkly and new again, we were able to sell the home that would have been under $400k for top dollar at $460,000!

   

MVP can help you maximize the return on your investment! Call to learn how we can help with your unique situation - 360-915-9123. 

Feb. 15, 2021

3 Ways You’ll Win When You Buy a Home This Year

3 Ways You’ll Win When You Buy a Home This Year | MyKCM

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a repeat buyer looking for your dream home, making a move might give you the space or features you need to find greater success and happiness in a new normal way of life. Whatever your motivations are, here are three reasons why becoming a homeowner now may help you win big in the long run.

1. Buying a Home Is a Great Investment

Several recent reports indicate that real estate is still a good investment, topping other options such as gold, stocks, bonds, and savings. Why? Real estate helps you build equity, a type of forced savings that grows your net worth. According to the latest Equity Report from ATTOM Data Solutions:

“The count of equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States. That was up from 28.3 percent in the third quarter of 2020, 27.5 percent in the second quarter and 26.7 percent in the fourth quarter of 2019, despite the ongoing economic damage caused by the worldwide Coronavirus pandemic.”

2. Mortgage Interest Rates Are Low

The Primary Mortgage Market Survey from Freddie Mac indicates interest rates for a 30-year mortgage have fallen since November 2018 when they hit 4.94%. In their latest forecast, Freddie Mac expects rates to remain low, leveling out to an average of 2.9% in 2021.

When you purchase a home at a low mortgage rate, it will impact your monthly mortgage payment, giving you the opportunity to likely get more house for your money.

3. Investing in Your Future Pays Off

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. What many renters don’t realize, though, is the financial power of equity.

As a homeowner, your monthly mortgage payment becomes a form of ‘forced savings’ you can reinvest later in life as you see fit. You can use it in a variety of ways, like to fund a loved one’s education, move up to a bigger home, or start your own business. As a renter, you’re actually growing your landlord’s equity instead of your own.

If you’re ready to put your monthly payments to work for you and take steps toward those dreams and goals, purchasing a home may be the way to go, especially as rental prices continue to rise.

Bottom Line

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. Let’s connect to determine if homeownership is the right choice for you this year.

Feb. 11, 2021

47% of New Buyers Surprised by How Affordable Homes Are Today

47% of New Buyers Surprised by How Affordable Homes Are Today | MyKCM

Headlines matter. Right now, it’s hard to read about real estate without seeing a headline that suggests homes have become unaffordable for most Americans. In reality, there’s hard evidence that shows how owning a home is more affordable than renting in most parts of the country, as record-low interest rates are keeping monthly mortgage payments about 23% lower than the typical payment of 20 years ago. Despite the facts, misleading headlines persist, and they impact how hopeful homebuyers perceive the market.

In a recent survey by realtor.com, home shoppers indicated they were surprised by what they could actually afford when buying their first home. In fact, 47% discovered their budget was larger than they expected. George Ratiu, Senior Economist at realtor.com, explains:

“For first-time buyers, especially, the drop in the 30-year mortgage rate…has provided unexpected leverage. Lower rates allowed many buyers to stretch and buy more expensive homes while keeping their monthly budget the same.”

So why do these negative headlines that cast doubt on affordability continue to exist?

Most analysts only look at two of the three elements that make up the affordability equation: price and income. It’s true that incomes haven’t kept up with the price of houses. However, affordability is about the cost of the home, not just the price. For that reason, mortgage rates, the third element of the affordability equation, are important to consider.

For example, here’s the typical mortgage payment for assorted dates going back to 2000, as calculated by CoreLogic:

47% of New Buyers Surprised by How Affordable Homes Are Today | MyKCM

Outside of the housing crash (when short sales and foreclosures drove prices down), it’s more affordable to buy a home today when you consider all three elements of the affordability equation: price, income, and mortgage rate.

Bottom Line

Whether you’re a first-time buyer or a move-up buyer, don’t let the headlines scare you away from your dream of homeownership. Instead, connect with mortgage and real estate professionals to determine what you can afford and what’s available at that price. Like almost half of the buyers in the survey, you may be pleasantly surprised.

Feb. 9, 2021

3 Reasons We’re Definitely Not in a Housing Bubble

3 Reasons We’re Definitely Not in a Housing Bubble | MyKCM

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.

1. This time, housing supply is extremely limited

The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.

In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The normal months’ supply of inventory for the market is about 6 months. Anything above that defines a buyers’ market, indicating prices will soften. Anything below that defines a sellers’ market in which prices normally appreciate.

Between 2006 and 2008, the months’ supply of inventory increased from just over 5 months to 11 months. The months’ supply was over 7 months in twenty-seven of those thirty-six months, yet home values continued to rise.

Months’ inventory has been under 5 months for the last 3 years, under 4 for thirteen of the last fourteen months, under 3 for the last six months, and currently stands at 1.9 months – a historic low.

Remember, if supply is low and demand is high, prices naturally increase.

2. This time, housing demand is real

During the housing boom in the mid-2000s, there was what Robert Schiller, a fellow at the Yale School of Management’s International Center for Finance, called “irrational exuberance.” The definition of the term is, “unfounded market optimism that lacks a real foundation of fundamental valuation, but instead rests on psychological factors.” Without considering historic market trends, people got caught up in the frenzy and bought houses based on an unrealistic belief that housing values would continue to escalate.

The mortgage industry fed into this craziness by making mortgage money available to just about anyone, as shown in the Mortgage Credit Availability Index (MCAI) published by the Mortgage Bankers Association. The higher the index, the easier it is to get a mortgage; the lower the index, the more difficult it is to obtain one. Prior to the housing boom, the index stood just below 400. In 2006, the index hit an all-time high of over 868. Again, just about anyone could get a mortgage. Today, the index stands at 122.5, which is well below even the pre-boom level.

In the current real estate market, demand is real, not fabricated. Millennials, the largest generation in the country, have come of age to marry and have children, which are two major drivers for homeownership. The health crisis is also challenging every household to redefine the meaning of “home” and to re-evaluate whether their current home meets that new definition. This desire to own, coupled with historically low mortgage rates, makes purchasing a home today a strong, sound financial decision. Therefore, today’s demand is very real.

Remember, if supply is low and demand is high, prices naturally increase.

3. This time, households have plenty of equity

Again, during the housing boom, it wasn’t just purchasers who got caught up in the frenzy. Existing homeowners started using their homes like ATM machines. There was a wave of cash-out refinances, which enabled homeowners to leverage the equity in their homes. From 2005 through 2007, Americans pulled out $824 billion dollars in equity. That left many homeowners with little or no equity in their homes at a critical time. As prices began to drop, some homeowners found themselves in a negative equity situation where the mortgage was higher than the value of their home. Many defaulted on their payments, which led to an avalanche of foreclosures.

Today, the banks and the American people have shown they learned a valuable lesson from the housing crisis a little over a decade ago. Cash-out refinance volume over the last three years was less than a third of what it was compared to the 3 years leading up to the crash.

This conservative approach has created levels of equity never seen before. According to Census Bureau data, over 38% of owner-occupied housing units are owned ‘free and clear’ (without any mortgage). Also, ATTOM Data Solutions just released their fourth quarter 2020 U.S. Home Equity Report, which revealed:

“17.8 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value…The count of equity-rich properties in the fourth quarter of 2020 represented 30.2 percent, or about one in three, of the 59 million mortgaged homes in the United States.”

If we combine the 38% of homes that are owned free and clear with the 18.7% of all homes that have at least 50% equity (30.2% of the remaining 62% with a mortgage), we realize that 56.7% of all homes in this country have a minimum of 50% equity. That’s significantly better than the equity situation in 2008.

Bottom Line

This time, housing supply is at a historic low. Demand is real and rightly motivated. Even if there were to be a drop in prices, homeowners have enough equity to be able to weather a dip in home values. This is nothing like 2008. In fact, it’s the exact opposite.

Feb. 8, 2021

Why Owning a Home Is a Powerful Financial Decision

Why Owning a Home Is a Powerful Financial Decision | MyKCM

In today’s housing market, there are clear financial benefits to owning a home: increasing equity, the chance to build your net worth, and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for them now can steer you in the direction of greater financial security and savings.

1. You Won’t Always Have a Monthly Housing Payment

Personal finance advisor Dave Ramsey explains:

“Every payment brings you closer to owning the house. When you pay your rent, that money is spent. Gone. Bye. Not returning. But when you pay your mortgage, you work toward full ownership.”

As a homeowner, you can eventually eliminate the monthly payment you make on your house. That’s a huge win and a big factor in how homeownership can drive stability and savings in your life. As soon as you buy a home, your monthly housing costs begin to work for you as forced savings in the form of equity. When you build equity and grow your net worth, you can continue to reinvest those savings into your future, maybe even by buying that next dream home. The possibilities are truly endless.

2. Homeownership Is a Tax Break

One thing people who have never owned a home don’t always think about are the tax advantages of homeownership. The same article states:

“You have tax advantages. Many of the costs of owning a home—like property taxes—are tax deductible. And if you’re paying off a mortgage, you’ll get to count your mortgage interest as a deduction when you file your tax return.”

Whether you’re living in your first home or your fifth, it’s a huge financial advantage to have some tax relief tied to the interest you pay each year. It’s one thing you definitely don’t get when you’re renting. Be sure to work with a tax professional to get the best possible benefits on your annual return.

3. Monthly Housing Costs Are Predictable

A third benefit is the fact that monthly costs start to become more predictable with homeownership, something that doesn’t happen if you’re renting. Ramsey also notes:

“Rent rates will go up. Even if you found a killer deal in a hot area, inflation, competition, and rising property values will cause your rent to go up year after year.”

With a mortgage, you can keep your monthly housing costs relatively steady and predictable. Your monthly costs are most likely based on a fixed-rate mortgage, which allows you to budget your finances over a longer period of time. Rental prices have been skyrocketing since 2012, and with today’s low mortgage rates, it’s a great time to get more for your money when purchasing a home. If you want to lock-in your monthly payment at a low rate and have a solid understanding of what you’re going to spend in your mortgage payment each month, buying a home may be your best bet.

Bottom Line

If you’re ready to start feeling the benefits of stability, savings, and predictability that come with owning a home, let’s connect to determine if buying sooner rather than later is right for you.

Posted in Buying, Community
Feb. 4, 2021

Dear Home Scholarship Writing Contest

Please be sure you have carefully reviewed the guidelines before making a submission.

THEME: “Dear Home”

Write a letter to your home about what it has meant to you during this time of quarantine. Tell your home what you love about it or, what you would love to do for it in 2021 to make it even better! Perhaps, you are moving or leaving for dormitories soon and this is a farewell letter. What are you looking for in your next home or your dream home? Whatever your spin, submit to MVP via email or the submission form below by May 31st, 2021.

TO ENTER: The contest is open to all Thurston County high school seniors planning to attend higher education in the upcoming school year. No purchase necessary to enter or win.

*No employees or immediate relatives of employees for MVP Realty Group are eligible to win.

HOW TO ENTER: Entries may be emailed to service@mvprealtygroup.com or submitted via the entry form below and must meet the following criteria.

o    One (1) submission per student.

o    500 word maximum.

o    12-14 pt eligible font.

o    Full name, high school’s name, and contact information for both included with entry.

o    Submitted by 5pm on May 31st, 2021.

o    All entries become the property of MVP Realty Group. The winning letter will be posted to our website and highlighted across additional platforms.

JUDGING PROCESS:  All submissions will be judged for content, creativity, grammar and style.

o    Judging begins June 1st, 2021.

o    Winners announced on June 15th, 2021.

DEADLINE: The deadline for entries is 5pm PST on May 31st, 2021. 

SCHOLARSHIP AWARD: $1,000.00

Award is non-transferable. Winner is solely responsible for reporting and paying any and all applicable federal, state, and local taxes and any additional fees associated with the award. All federal, state and local laws apply.

Scholarship award payments are made from MVP Realty Group and subject to the procedures established solely by the company. Scholarship Award payments will be made directly to educational institutional upon receipt of evidence of the award winner’s enrollment at the institution.

PARTICIPANT RELEASE: This promotion is governed by the laws of Washington State. By accepting the Scholarship Award, winners agree to release MVP Realty Group and any/all agents, affiliates, employees, suppliers, and advertising, promotional, or judging agencies from any and all liability whatsoever for injuries, damages, or losses to persons and property which may be sustained in connection with the receipt, ownership, or use of the awarded funds.

Posted in Community, Money, MVP Events