Open Houses This Weekend!

COPENHAGEN(1)

Join Mike Bredeson tomorrow Saturday 11am to 1pm at 600 Dahlia Street in Lynden. Listed for $349,900.

Sweet 3 bedroom 2.5 bath home off Main Street in beautiful Lynden. Lots of upgrades including fresh carpet. A huge fenced yard for all the fun times and a private back deck make outdoor living a blast. Inside there are both Living and Family Rooms plus a dining room off the large kitchen. Room for the RV or boat plus a 2 car garage. Lives much larger than the 2,058 Square feet and the flow could not be better. Move in ready with a super location.

For more information call (360) 303-2734 or visit our website today at http://johnsonteamrealestate.com/WA/Lynden/600-Dahlia-St/1140632/direct

 

COPENHAGEN(2)

Visit Mike Bredeson this Sunday from 1pm to 3pm at 1715 Mill Ave in Bellingham!

Enjoy affordable tiny house Living just minutes to Fairhaven. 2 bed 3/4 bath home with large yard and plenty of trees for privacy. The home is in good condition with a newer roof and windows. Professionally cleaned and ready to go. At 624 sq feet the gas fireplace in the living room makes the home quite cozy. Easy stroll on sidewalks all the way to downtown Fairhaven. Backyard is a blank slate for the organic gardener as it is south facing and with the trees there is great privacy.

For more information call (360) 303-2734 or visit our website today at http://johnsonteamrealestate.com/WA/Bellingham/1715-Mill-Ave/1161030/direct

Today’s Mortgage Rates

 

Thinking of buying, selling or refinancing? People’s Bank Home Loan Center passed along today’s rates to us. Below is a chart showing the rates as of today July, 20th.

rates

Thank you Sidney Stonecypher at People’s Bank Home Loan Center for the rates. If you have mortgage questions you can reach her at 360-650-5365!

Just Listed! Condo Near Bellingham’s Western Washington University!

Looking for a condo near Western Washington University?

Look no further than 3100 Bill McDonald Pkwy, Unit E302 just listed for sale for $185,000.

This 2 bedroom, 1 bath top floor unit awaits you or your student!

2) Living Room

 

This highly sought after top floor unit comes with vaulted ceilings, natural light that continually streams through the windows & no noisy neighbor above you. It’s the best of all worlds for either you or a lucky renter of your choice. It is fully applianced, has incredibly spacious bedrooms & for those crisp fall & winter evenings, has a toasty wood fireplace. The bus stop right outside allows for easy & economical transportation throughout the city or the university.

To learn more and view a virtual tour visit our website!

Additional Information:

Taxes:$1,410Kitchen 1
HOA Dues: $285
View: Territorial
Exterior Wood
Fireplaces :1 Fireplace
Heating/Cooling: Forced Air
Roof: Flat Roof
Flooring: Laminate, Vinyl Floor, Wall to Wall Carpet

For more information on this condo call us today toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

The 5 Greatest Benefits of Homeownership

The 5 Greatest Benefits of Homeownership | MyKCM

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”

  1. Homeownership can help you build equity over time.
  2. Your monthly payments will remain stable.
  3. You may have some tax benefits.
  4. You can take pride in ownership.
  5. Homeownership improves your community.

Let’s expand on each of Freddie Mac’s points:

Homeownership can help you build equity over time.

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).

In a Forbes article, the National Association of Realtors’ (NAR) Chief Economist Lawrence Yun reported that now the net worth gap is 45 times greater.

Your monthly payments will remain stable.

When you purchase a home with a fixed rate mortgage, the majority of the payment (principle and interest) remain constant. On the other hand, rents continue to skyrocket. Your housing expense is much more stable if you own instead of rent.

You may have some tax benefits.

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.

Here are four items from the Briefing Book:

  • Mortgage Interest Deduction
  • Property Tax Deduction
  • Imputed Rent
  • Profits from Home Sale

You can take pride in ownership.

Most surveys show that a major factor in purchasing a home is the freedom you have to design the home the way you want. From paint colors to yard accessories, you don’t need a landlord’s permission to make the house feel like a home.

Homeownership improves your community.

The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study explained:

“Homeownership does create social capital and provide residents with a platform from which to connect and interact with neighbors…Owning a home means owning part of a neighborhood, and a homeowner’s feelings of commitment to the home can arouse feelings of commitment to the neighborhood, which, in turn, can produce interactions with neighbors.”

Bottom Line

There are many benefits to homeownership. That is why it is still a critical piece of the American Dream. If you have any questions about homeownership, give us a call toll free at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Learn Home Values Around Lake Whatcom

Do you own a home on Lake Whatcom?

Curious how the active real estate market is impacting your home’s value?

Enter your address below for a FREE and INSTANT home value report!

Lake Whatcom Home Values

Don’t currently live on Lake Whatcom, but curious about learning more about the area?

Click the map to search for homes around Lake Whatcom in Bellingham.

Lake Whatcom Map

Lake Whatcom is a true Bellingham gem! Real Estate here is highly desired for the area’s natural beauty and freshwater recreational delights.

Lake Whatcom runs from the eastern edge of Bellingham in the Silver Beach Neighborhood on through Geneva, Sudden Valley, South Bay and into the foothills. Many lake front communities are located along the lake, including Delesta Park, Strawberry Point and Agate Bay. Each of these desirable neighborhoods offer housing options that appeal to a variety of budgets and real estate needs.

Lake Whatcom also serves as Bellingham’s water reservoir and is protected through watershed limitations and restrictions. Despite stringent protections, motorized watersports such as boating and jet skiing are allowed. The lake is also a great place for canoeing, kayaking, and sailing.

To learn more about Bellingham’s beautiful Lake Whatcom call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com, we are here to help!

 

Toxic Plants for Pets

Do you know which plants in your yard or garden might be toxic to you pet? If your pet comes into contact with one of these, they may need a trip to the veterinarian’s office.

Azalea. Eating leaves can cause drooling and stomach problems. Get to a vet to avoid coma, possibly leading to death.
Buttercup. Toxic to cats, cows, dogs and horses, the flower causes drooling and stomach problems and, in rare cases, paralysis.
Chive. This, along with onion, garlic and leek, is toxic, especially to cats and Akita and Shiba Inu dogs. May take several days for symptoms to appear, including abdominal pain, elevated heart rate, weakness and increased respiratory rate.
Daffodil. Flowers contain an alkaloid which induces vomiting. Ingesting a bulb causes stomach, heart and respiratory issues.
Gladiola. Drooling, lethargy and stomach upset possible when ingested.
Hydrangea. Can cause lethargy, vomiting and diarrhea when eaten.
Lilies. Some, like the peace, Peruvian and calla lily, just irritate mouth, tongue and esophagus when eaten. Others, like day, Asiatic, Easter and Japanese show varieties, cause kidney failure in cats.
Morning Glory. Stomach upset, anemia, even liver failure can occur in cats and dogs depending on how much is eaten.
Poppy. Drooling, skin irritation, slowed heart rate and pupil dilation can happen if cats and dogs get too close.
Tulip. Bulbs, more toxic than flowers and leaves, cause stomach upset.

Mid July Pending Ratios!

Mid July Pending Ratios

Bellingham Real Estate

Happy Monday! The number of real estate signs you see in yards can be deceiving as to the number of homes actually for sale WITHOUT offers on them. If you are seeing new signs around your neighborhood and curious if any of those homes already have offers on them, we have your answers!

Every week we keep track of how many homes are for sale around Bellingham and Whatcom County and how many of those homes have pending offers on them. Pending is the time frame between when an offer has been mutual accepted between the buyer’s and the seller’s of the home and when the title actually transfers hands. This give the buyer’s time to get the financing, do inspection, review the title reports and more.

As of Saturday, July 15th, the pending ratio in Bellingham was 46%. Click the links to view a report of how many homes are for sale in each area by price range and how many of them are pending showing just how active certain sectors of the market are.

The Birch Bay Pending ratio was 28%

The Ferndale pending ratio was 41%

The Lynden pending ratio was 34%

The Sudden Valley pending ratio was 42%

If you are thinking of selling your home or property, Johnson Team Real Estate would love to help! We are here to help you with all of your real estate needs! You can reach us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.

The High Impact of Low Interest Rates on Your Purchasing Power

The High Impact of Low Interest Rates on Your Purchasing Power | MyKCM

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments between $1,850-$1,900 a month.

The High Impact of Low Interest Rates on Your Purchasing Power | MyKCM

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be closer to 5% by this time next year.

Act now to get the most house for your hard-earned money. Contact us at Info@JohnsonTeamRealEstate.com or call us toll free at (888) 713-3056.

Do You Know How Much Equity You Have in Your Home?

Do You Know How Much Equity You Have in Your Home? | MyKCM

CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation.

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

One million borrowers achieved positive equity over the last year, which means risk continues to steadily decline as a result of increasing home prices.”

Frank Martell, President and CEO of CoreLogic, believes this is a great sign for the market in 2017 as well, as he had this to say:

Homeowner equity increased by $766 billion over the last year, the largest increase since Q2 2014. The rising cushion of home equity is one of the main drivers of improved mortgage performance. Since home equity is the largest source of homeowner wealth, the increase in home equity also supports consumer balance sheets, spending and the broader economy.”

This is great news for homeowners! But, do they realize that their equity position has changed?

According to the Fannie Mae’s Home Purchase Sentiment Index (HPSI), more homeowners are beginning to realize that they may have more equity than they first thought.

This is only the second time in the survey’s history that the net share of those saying it’s a good time to sell surpassed the net share of those saying it’s a good time to buy.

78.8% of homeowners have significant equity (more than 20%) in their homes today!

This means that many Americans with a mortgage have an opportunity to take advantage of today’s seller’s market. With a sizeable equity position, many homeowners could easily move into a housing situation that better meets their current needs (moving to a larger home or downsizing).

Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae spoke out on this issue:

“High home prices have led many consumers to give us the first clear indication we’ve seen in the National Housing Survey’s seven-year history that they think it’s now a seller’s market. However, we continue to see a lack of housing supply as many potential sellers are unwilling or unable to put their homes on the market…” 

Bottom Line

If you are one of the many Americans who is unsure of how much equity you have built in your home, don’t let that be the reason you fail to move on to your dream home in 2017! Let’s get together to evaluate your situation! Contact The Johnson Team at (360) 303-2734 or email us at Info@JohnsonTeamRealEstate.com.

Incredible Home on Bellingham’s Famous Chuckanut Drive!

House Front 4

Welcome to 859 Chuckanut Drive in Bellingham! You won’t want to miss your chance to own this stunning 3 bedroom, 2.5 bath home located on an expansive .71 acre lot.

View a full Virtual Tour

Exposed beams, vaulted ceilings, floors of wood, tile & concrete along with solid wood trims are the framework for this gorgeous North Western contemporary home located on legendary Chuckanut Dr. From the moment you drive up to this private spot, you’ll know you are in for a unique experience. Whether it’s the private location, the quality of the home, the inviting spaces, the view of Chuckanut Bay or the use of the neighborhood beaches, it all adds up to a lifestyle that you’ll enjoy for years.

For more information on this incredible home or to schedule a private showing call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com.