5 Reasons to Sell Your House This Summer

5 Reasons to Sell Your House This Summer | MyKCM

Here are 5 compelling reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index  from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.

Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 43 days. (Last numbers available.)

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!

According to CoreLogic, prices are projected to appreciate by 4.8% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to start living the life you desire.

That is what is truly important. Give The Johnson Team a call at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Top 4 Renovations for the Greatest Return on Investment!

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC] | MyKCM

Some Highlights:

  • If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI).
  • Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most value. Give The Johnson Team a call today at (888) 713-3056 or email at Info@JohnsonTeamRealEstate.com.

Pending Ratios for Whatcom County As of June 14th

Pending Ratios TemplateIf you have been following the local real estate market you know it’s active and inventory is low. If you are thinking of selling now is the time!

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 Friday, June 14th, the pending ratio in Bellingham was 49%. 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 32%

The Ferndale pending ratio was 47%

The Lynden pending ratio was 54%

The Sudden Valley pending ratio was 59%

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

Cascade Montessori Middle School Students Help Raised $750 for their School!

Way to go students of Cascade Montessori School for their hard work and dedication to their school!

CMMS is a community that provides adolescents with a loving, learning, and safe Montessori environment. At CMMS, adolescents are allowed to explore and develop their moral, intellectual, emotional, physical and social selves, as well as cultivate the courage and skills necessary to  actively participate in their world.

 

The students of CMMS  used the Johnson Team Moving truck free of charge to collect donations to help raise funds for their school.

Here is a quote from Arnie Wong, a father of one of the students.

“I wanted to thank you again on behalf of all the people at Cascades Montessori Middle School for the use of your truck.  The kids collected clothing and other goods to be resold, repurposed, or recycled through Value Village, and in the process raised over $750 to be used for purchasing educational materials at their school.  It was a fun time for all and a team-building experience that would not have been possible without the generosity of you and Johnson Team Real Estate!”

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We are so lucky to be able to serve our community in a number of ways, one of those being our local moving truck. Remember, our sales help fund this community outreach. Please think of us when a friend or relative talks about moving – and tell your favorite non-profit to give us a call when they need a truck!

(360) 303-2734

Info@JohnsonTeamRealEstate.com

 

Don’t fall victim to wire fraud // Buyers and sellers: Beware of this common real estate scam


Wire fraud has suddenly become a massive problem in our marketplace. Whether you’re a
buyer or seller, there will come a point when you need to either send or receive money via your
title company. And in today’s busy world, many people opt to transfer these funds digitally. This
is all well and good, but it does pose some major security risks, namely: wire fraud.

So what is wire fraud, and how can you avoid it?
In short, wire fraud is a scam during which someone will hack your title company’s email
address and send you faulty instructions from that account, effectively tricking you into sending
your funds to the wrong account. Unfortunately, there is no way to get your money back once
this happens.

This is why, to avoid wire fraud, you must only ever follow the instructions sent to you
from your title company in the mail or in an encrypted email. If you have any questions or
ever have reason to doubt that the instructions you’ve received are legitimate, don’t hesitate to
call the title company directly using contact information from their website or from your Realtor.
The instructions you initially receive from your title company will never change. Anyone who tells
you otherwise is trying to scam you.

As always, if you would like to learn more about this or any other real estate-related topic, feel
free to reach out to us. We look forward to hearing from you soon.

 

3 Reasons You Shouldn’t FSBO

Selling your home involves a lot of work and can quickly become a complicated process. Real estate agents are the experts that can help guide you through! Before you decide to FSBO, let’s get together! Give The Johnson Team a call today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Where Are The Current Interest Rates Falling?

Thinking of buying, selling, or refinancing?  The mortgage rates are a must know! Interest rates are the rates at which money can be borrowed for a set period of time. The higher the rate, the more money a borrower must pay in the form of interest on the loan. When mortgage rates are lower, this makes the purchasing of a home more affordable. Although the cost of mortgages is closely tied to the interest rate, the price at which homes are sold does not always appear in direct correlation.

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

Time for Your Dream Home, Gen X!

Time for Your Dream Home, Gen X! | MyKCM

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth.

According to Pew Research Center,

Their fortunes have rebounded more than those of other generations during the post-recession economic expansion and as home and stock prices have risen. Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available data, the net worth of a typical Gen X household had surpassed what it was in 2007 ($84,200 vs. $63,400)”.

The same report also mentioned,

15% of Gen X’s homeowners were ‘underwater’ on their homes in 2010 (meaning they owed more than they owned). By 2016 only 3% were underwater.

As a result of homes regaining market value and their increasing net worth, many Gen Xers are presented with the opportunity of selling their current home in order to move up to the house they always dreamed of!

According to the 2019 Home Buyers and Sellers Generational Trends Report by the National Associations of Realtors, in 2018 Gen Xers made up the second largest share of home buyers by generation at 24%.

The report also provided some highlights about their purchase:

  • Greatest share that purchased a multi-generational home (16%).
  • Largest share that purchased a detached single-family home (88%).
  • Highest median household income ($111,100).
  • Bought the most expensive homes of all the generations.
  • Job-related relocation was identified as the primary reason to buy.

But this generation is not only buying- they are selling too!

  • Largest share of home sellers (25%).
  • Highest median household income among sellers ($123,600).
  • Tenure in the previous home was a median of 9 years.
  • House too small was indicated as the primary reason to sell.
  • 91% sold the home using a real estate professional.

Bottom Line

If you are a Gen Xer who would like to know exactly how much your house is worth today so you can move up to the home of your dreams, let’s get together to analyze your current circumstances. Give The Johnson Team a call today at Info@JohnsonTeamRealEstate.com.

Amazing Saltwater View Home Price Reduction

4834 Alder Street in Ferndale

You won’t want to miss this amazing saltwater view home just steps from the beach. Now priced at $425,000 and featuring just under 2,300 sq ft and a highly sought after main floor master suite.

Saltwater view property. Just under 2300 sq. ft. and is a 2-bedroom 1.75 bath. Air Conditioning for the hot days but most of the time there is a breeze off the beach just a couple doors away. Easy access to the sand just down the road. The view from the upper rec room/ hot tub/ work out deck area is wonderful. Open kitchen looks onto the rear yard loaded with flowers and fauna. Make sure to see the shop- its large, has workspace and plenty of parking around it.

Bellingham Lake Whatcom Waterfront Open House

Join Rich Johnson for an open house this Saturday, June 15th from 1pm – 3pm at 1502 Northshore Drive in Bellingham.

Live your dream with 132′ of Lake Whatcom west-facing waterfront property. Savor the quiet mornings on your enormous deck; stunning sunsets and starry nights on your secluded beach. Dock your boat and make that tough decision: lake or hot tub? Delight in your friends’ enjoyment of the lakeside guest house. Artfully landscaped fenced yard and a gazebo give privacy to remodeled 4 BR+office main house. Sport court, 3 car garage, and abundant storage allow for all of your toys. Welcome to Paradise! Listed at just $1,850,000.