Tim Ray, Spokane Realtor Since 1988

04/10/2026

New Listing! The virtual tour is in the first comment...
2012 N Ruby St, Spokane WA 99207

This is a fascinating property. Located on the Division/Ruby couplet, this 4+ bedroom, 1.5 bath home has a lot of potential uses! The property has GC-70 commercial zoning, which allows for a variety of commercial, retail, and office uses, and, it can be used as a single family home/office, a rental or room rental, short term rental for traveling nurses or other professionals, an Air B&B, and so much more! The home is just blocks from Gonzaga and Great Northern University. It is offered fully furnished if desired (at no additional cost).

The home has been extensively updated in the last year, with a new white shaker kitchen with quartz countertops, two updated baths, fresh paint and floor coverings, and much more. Over 2300 sq ft of useable space! This is an outstanding value for a property with such flexibility and prime road frontage, all with the zoning that gives you the freedom to maximize it's highest and best use.

Offered at just $324,900. For more information, call Tim or your buyer broker today!

Tim Ray, The Specialist Group, Inc at
Kelly Right Real Estate of Spokane
509.217.7823 Cell/Text

https://site.grandshowing.com/2012-N-Ruby-St

04/07/2026

This is quite interesting... Crypto Just Entered the Mortgage Chat. Check this out and tell me what you think!

Fannie Mae announced it will now accept crypto-backed mortgages through a new partnership between Better Home & Finance and Coinbase. Borrowers can pledge Bitcoin or USDC as collateral for a (second) loan that covers their down payment, all while keeping ownership of their crypto and avoiding capital gains taxes. This is the first time the government-sponsored enterprise has backed a product like this.

"The goal of the product is also to help those who might be crypto-rich but cash-poor. The homebuyer would take out a traditional 15 or 30-year mortgage but instead of making down payment in cash, they would take out a separate loan backed by their Bitcoin or Stablecoin holdings. This new offering would allow them to hold on to their crypto and not have to sell it and pay capital gains taxes.

The downside is that the second loan would increase the overall cost of homeownership since the buyer would also have to service that second loan."

About 13% of younger buyers have already sold crypto to fund down payments, according to a Redfin survey. This could expand the buyer pool, particularly among younger, tech-forward clients.

Digital assets are making a jump to the mainstream during a troubled time for the sector.

04/02/2026

Hot new listing!! (Note: Virtual Tour is in the first comment below...)

Check out this gorgeous 1 owner Colbert rancher! Built in 2019, this 1801 sq ft one level 3+BR 2BA home offers a huge "great room" floor plan, plus it has a formal living or flex room in front of the home! Beautiful white island kitchen with slab granite counters, stainless steel appliances (all stay!), single bowl undermount sink, and eating bar.

The spacious primary suite features a walk-in closet and private full bath and walk in closet. There are 2 more nice sized bedrooms and a second full bath as well. Plus, there is a den/office (no window or closet) on top of that! Main floor laundry/mud room with storage cabinets and access to the 2 car attached garage, and the washer and dryer stay.

The home has very nice finishes throughout, including 9ft or higher ceilings (plus vaulted ceilings), granite countertops, fully tiled shower enclosures, white doors and larger trim, custom Venetian plaster paint finish in the entry and great room accent wall, and more! This is not a cookie cutter "spec home".

Out back is a large covered patio and a deep, fenced yard with trees and a hillside to reduce road noise and to provide more privacy. Gas heat, central air, and Rinnai tankless hot water. Surprisingly low utility bills, too. The highest Avista elec/gas bill in the last year was $165! NO HOA or CCR's! Priced below assessed value! Offered at just $435,000.

For more details or a private showing, call Tim at 509.217.7823, or call your Buyer's Agent today!

03/14/2026

This crazy snow storm not withstanding, the spring real estate market started early for me - and for others! In the last 30 days, I have helped 3 clients get purchases signed around, and I wrote another offer today. Woohoo!

One is an awesome brand new Greenstone home in Mead Works, which is the new development behind the north side Costco. That home is the same floor plan as my own home (I actually showed my clients our own home because there wasn't one of that model built and finished anywhere 😛 ), but it has a killer attached main floor 1 bedroom ADU, complete with a full kitchen and laundry. It looks much better than their artist's renderings... LOL Another was a nearly 2700 sq ft, 5 bedroom, 3 bathroom newer rancher in a gated community on the north side. It was a smoking hot deal! The latest is an adorable 3br, 2ba brand new townhome on the north side with a 2 car attached garage. With the financing incentives from the builder, the payment on it will be cheaper than rent!

It's never too early to start shopping, or to think about getting your home on the market if that is in your plans. If you want to pick my brain about the opportunities that are out there, or if you are thinking about selling, feel free to give me a call, or a text or a DM, anytime! My number is 509.217.7823. Blessings!

12/22/2025

New Christmas Listing! This is a very unique, updated property on North Ruby Street (Yes, that Ruby!) near downtown Spokane! This 4+ BR, 1.5 BA home is offered fully furnished and is perfect as a single family rental, room rentals, for traveling nurses, college kids, a short term rental (Air B&B), a professional office or home/office combo (GC-70 Zoning), or?

New white shaker kitchen with appliances, updated baths, new flooring and paint, updated electrical, and much more. The main floor has 1BR, an office (no closet), a large foyer, living/dining room with fireplace, and the full sized kitchen. 3BR, 1BA up. The finished basement has a half bath, family room, exercise room, and laundry. It could potentially be a private suite by adding a shower. The property is within walking or biking distance to Gonzaga and Great Northern University, and it is on a bus route. Lots of stores and restaurants close by.

The property is zoned GC-70, which allows for a variety of commercial, office, and residential uses. It would be a fantastic home/office property with high visibility. WSDOT says the average daily traffic count is 23,000 vehicles. The property was designed to be a group home, but the zoning allows for much more, including many commercial, retail, office, and residential uses. Very unique property!

Listed at $340,000, MLS #202527766, 4 beds, 1.5 baths, 0-car garage, 2,234 square feet, built in 1906, 54 by 50, Updated property on North Ruby! This 4+ BR, 1.5 BA home is offered fully furnished and is perfect as a single family rental, room rentals, for traveling nurses, college kids, a short term...

10/02/2025

A real estate post? Shocking! :P

Here is a brief recap of what buyers, sellers, brokers, and lenders can expect during the shutdown. Some things are affected, and others are not. I have two FHA deals closing, one today and one tomorrow, and the shutdown did not affect either. But, both were ready to go before the shutdown hit. By the way, the mortgage rates for FHA and VA loans are below those of conventional loans, and the Spokane County max FHA loan limit essentially allows for a purchase of up to about $543,000 (minus the down payment of 3.5%). FHA is not a bad way to go if you are looking, or selling, below that price point. You can also often buy down the rate considerably for 1 point or less, which can make a big difference over the life of the loan. Call me if you have any questions or need some advice!

Here’s a quick breakdown of the shutdown impacts:

✅ Conventional loans — should mostly move forward as usual.
⚠️ FHA — still endorsing new loans, but anything that needs a human (like condo approvals or case transfers) COULD BE DELAYED.
✅ VA — expected to operate normally.
⚠️ USDA — NOT ISSUING NEW CONDITIONAL COMMITTMENTS until the shutdown ends (existing commitments are okay).
⚠️ Tax transcripts — may be unavailable, but alternate docs can often be used.
⚠️ Flood insurance — NEW POLICIES CAN'T BE ISSUED until reauthorized, which could delay closings in flood zones.
⚠️ VOEs (Verification of Employment) for federal employees — may be tricky if HR offices are closed.

09/30/2025

Eagle Ridge Open House!

I am holding a public and broker open house at my new listing at 6831 S. Shelby Ridge St in Eagle Ridge this Saturday, October 4th, from 12 to 2. Feel free to come on by, and share this with anyone you know who might be interested!

Information is deemed reliable but not guaranteed and should be independently verified. Open House data from the Spokane REALTORS® MLS, updated hourly.

09/17/2025

NEW LISTING! Take a look at this fantastic 1 owner Eagle Ridge daylight walkout rancher with views! This "great room" floor plan offers approximately 3800 total sq ft of living space. The great room offers vaulted ceilings, a gas fireplace, and lovely views. It is wide open to the spacious island kitchen, which boasts granite countertops, tons of storage space, a JennAir gas range, a new dishwasher and refer, island gathering bar, and the main floor utility room is just around the corner. There is also a large informal dining space, plus a celebration sized formal dining room, and access to one of two view decks!

The oversized primary suite is complete with a 4 piece en suite bath, featuring double granite vanities, a soaker tub and separate shower, plus a large walk-in closet. A second bedroom and full bath completes the main floor.

In the daylight walkout basement you will find tall ceilings, a massive family and game room, 2 oversized bedrooms with walk-in closets, a third full bath, storage space, and access to the lower deck. A brand new roof was installed in 2024, several windows were recently replaced, and more! Vinyl siding, gas heat & central air, 2 decks, full sprinkler system, and a beautiful yard. This house has it all!

Offered at just $650,000, which is below the tax assessed value! For more information or a private tour, call or text Tim Ray at 509.217.7823.

Listed at $650,000, MLS #202524134, 4 beds, 3 baths, 2-car garage, 3,800 square feet, built in 1999, 10799 sq ft, Take a look at this fantastic 1 owner Eagle Ridge daylight walkout rancher with views! This "great room" floor plan offers approximately 3800 total sq ft of living space. The great room....

07/25/2025

More crazy news and higher fees on real estate sales are on the way from Washington State. Buckle up, and be sure to thank your legislature and governor, who never tire of overturning the will of the people or increasing and inventing new taxes and fees... Looks like I need to update my Estimated Seller Net Proceeds worksheets...

Starting July 27, 2025, Washington State will increase recording fees for Reconveyances and related supplemental documents, from their current $18.00 to $301.00 for the first page, an increase of nearly 1700%. This change is due to the repeal of a previous exemption under House Bill 1858. The reconveyance or Trustee Fee is an additional $135.00, plus sales tax. So, home sellers with an existing mortgage that is getting paid off (reconveyance) are going to get hit with a total fee of over $450 on top of the crazy high recording fees the buyer pays for their new loan documents.

A reconveyance is when the deed to a property is conveyed (reconveyed) from a lender to the property owner, which removes the deed from title. This is needed to get clear title for the new purchaser.

07/25/2025

Another listing has sold and closed! Even in a changing market, homes are still selling. It might take a little longer, and sellers need to be realistic on the price, but they will sell.

Think of it this way: If there are 10 competing homes for sale, which will likely be the next one to sell? The answer usually is, the home that shows the best for the most reasonable price. Price your home too high, and your neighbors will thank you. Why? Overpricing your home only helps to sell the competition, which is probably actually worth what they are asking.

If you are thinking about selling, or buying, call me today at 509.217.7823 for a no obligation chat to see how I can help you! Even if you just have a general question about real estate, or mortgages, or whatever, I am here to help. You can call me anytime.

07/16/2025

**NEW LISTING!!** Check out this like new, one adult owner rancher in a fantastic, convenient location close to Amazon, FAFB, Cheney, Airway Heights, and just 10 minutes to downtown Spokane! This home is impeccable. Compare to new construction, but for less money!

This 3BR, 2 BA Viking "Carolina" plan Great Room rancher offers 1601 sq ft of living space with a very open floor plan with vaulted ceilings. The surprisingly large living room is open to the spacious dining area and huge island kitchen. The kitchen boasts 42" tall wood cabinets, quartz countertops, a large island with eating bar, and upgraded stainless steel appliances including gas range. Around the corner is your main floor laundry room and HUGE walk-in pantry!

The oversized primary suite features a private 4 piece bath, with garden tub, separate shower, double quartz vanity, and walk-in closet. Two more bedrooms and a second bath with quartz countertops complete the main floor.

The home has a sheet rocked and insulated 2 car garage, vinyl siding and windows, gas heat and central air, a covered patio, and no neighbors behind you. Beautiful home! For more information or a private tour, call your Buyer Broker or Listing Broker Tim Ray today!

This is a rare find in this price range! For more information or a private showing, call Tim or your Buyer's Agent today! Below is one of two virtual tours for this fantastic home! Be sure to check out the Matterport 3D tour as well.

Listed at $409,950, 3 beds, 2 baths, 2-car garage, 1,600 square feet, built in 2019, 6000 sq ft, Like new, one adult owner rancher in a fantastic, convenient location close to Amazon, FAFB, Cheney, Airway Heights, and just 10 minutes to downtown Spokane! This 3BR, 2 BA Viking "Carolina" plan Great R...