Just Listed! Immaculate Home in Breathtaking Country Location in Everson

HOuse Front 3

Take a look at The Johnson Team’s newest listing in Everson. This 3 bedroom, 2 bathroom home on 5.3 acres is more than just picturesque, it is functional and move in ready.

Houose Front 4 Living Room 2 Kitchen 2

From the moment you drive onto the property, you will be surrounded by privacy, silence, and stunning views of the valley and hills lying before you. The owners have maintained this home with the same love and attention to detail with which they built it in 2006. Whether a cold winter’s evening or a warm summer night, there could be no better spot than sitting in the hot tub overlooking your surroundings.

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Learn more and see a virtual tour here today.

How Many Homes Are For Sale and Pending? We Have Your Answers!

Bellingham REal Estate for sale If 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, July 6th, 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 40%

The Lynden pending ratio was 46%

The Sudden Valley pending ratio was 55%

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

Buying This Summer? Be Prepared for Bidding Wars

Buying This Summer? Be Prepared for Bidding Wars | MyKCM

Summer is traditionally a busy season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on those buyers who are looking to purchase before the new school year. This year will be no different!

Buyers have already been out in force looking for their dream homes and more are on their way. The challenge is that the inventory of homes for sale has not kept up with demand, which has led to A LOT of competition for the homes that are available.

A recent article by the National Association of Realtors touched on the current market conditions:

“Realtors® in areas with strong job markets report that consumer frustration is rising. Home shoppers are increasingly struggling to find an affordable property to buy, and the prevalence of multiple bids is pushing prices further out of reach.”

Realtor.com went on to explain why buyers are flocking to the market in such big numbers:

“A booming economy and stable employment in most parts of the country have created a new generation of eager home buyers – and led to fevered price battles spilling over into some unexpected, smaller markets.”

Javier Vivas, Director of Economic Research for Realtor.com had this to say about competition:

Multiple-offer scenarios are no longer reserved to the usual big, fast-moving markets…demand for homes has spilled outward into secondary, smaller markets, and more buyers are gearing up to face fierce competition in more places around the country.”

Realtor.com looked at the number of homes that were selling above asking price to determine which markets were heating up. Below are the Top 10:

  • Akron, OH
  • Worcester, MA
  • Lexington, KY
  • Irvine, CA
  • Greensboro, NC
  • Sioux Falls, SD
  • Madison, WI
  • Louisville, KY
  • Tacoma, WA
  • Little Rock, AR

Bottom Line

Let’s get together to discuss our exact market conditions so that we can help you create a strategy to secure your new home in this competitive atmosphere! Give The Johnson Team a call at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Tips for Keeping your Pets Safe and Secure This Fourth of July!

Keeping pets safeIf you are anything like me then your pets are an important part of your family.  The 4th of July is an exciting fun time for us, but is can be a huge  source of anxiety and fear for our pets.  Many dogs become startled and run off during the holiday. This 4th of July weekend take a minute and think about the tips below to help keep your pets happy and safe this 4th of July.

–  Dig out some recent photos of your pet or pick up your digital camera and snap a shot. Nothing would be worse than not being able to give people a visual of your pet in the even that they should become lost.

– Make sure your pet is micro chipped and has proper identification tags on their collar in the event that they should become lost and then found.

–  Secure your pets in a safe area whether you decide on a kennel or a crate so you are confident they will not become startled and run off.

– If you plan on having house guest over inform that guests on your wishes to keep you pet safe. If you animals are indoor pets only make them aware of your wishes to not have them let outside.

– Many pets do not like loud and noisy environments so consider keeping the noise away from your pet or playing a calm music in their area to help ease their anxiety with all the commotion going on around them.

– In the event that your pet may become lost you can contact the Whatcom County Humane Society to see if they have found your pet you can visit them online at http://www.whatcomhumane.org/

Have a happy and safe 4th of July!

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Happy July!

Happy Monday! If 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 29th, the pending ratio in Bellingham was 48%. 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 33%

The Ferndale pending ratio was 42%

The Lynden pending ratio was 45%

The Sudden Valley pending ratio was 63%

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

End of June 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 yesterday, June 28th.

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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!

Bellingham Ranked One of the Nation’s Top Best Vacation Spots!

Bellingham Real Estate

Uh oh, looks like Forbes Magazine might be giving away secrets! The magazine just ranked Bellingham, Washington one of the nations top 14 “Coolest Towns for a Summer Vacation.”

Forbes Magazine states, “The city itself offers excellent outdoor recreation, including orca whale watching, hiking, kayaking, sailing, golf and river rafting on the Skagit River. Accommodations, fine dining and shopping abound in the central core and the historic Fairhaven district.”

Also named one of the top 100 adventure towns in the nation by National Geographic Magazine, Bellingham is sure not to disappoint. From the water’s of Bellingham Bay to the snow drenched peaks of Mt. Baker you are sure to find what ever your heart desires to keep you busy here.

During the warm summer months residents and visitors of the area can enjoy a swim or water sports in one of the many Whatcom County lakes, the largest of which is Bellingham’s Lake Whatcom. If saltwater is more your style you can beach comb and soak your toes in the warms waters of shallow Birch Bay. The area is also home to several world class golf courses from the Bellingham Golf and County Club Course to Loomis Trail and Sudden Valley Golf Courses.

Don’t already call Bellingham your home, but want to after reading this? Visit our website to learn more about everything from real estate to recreational opportunities! To chat call us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com today!

 

Wondering If You Can Buy Your First Home?

Are You Wondering If You Can Buy Your First Home? | MyKCM

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their current incomes would never enable them to qualify for a mortgage.

We want to share what the typical first-time homebuyer actually looks like based on the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer:

Are You Wondering If You Can Buy Your First Home? | MyKCM

Bottom Line

You may not be much different than many people who have already purchased their first homes. Let’s meet to determine if your dream home is within your grasp today. Call us today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com to start the process today!

You DO NOT Need 20% Down to Buy Your Home NOW!

You DO NOT Need 20% Down to Buy Your Home NOW! | MyKCM

The Aspiring Home Buyers Profile from the National Association of Realtors (NAR) found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. The results of the survey show that the main reason why non-homeowners do not own their own homes is because they believe that they cannot afford them.

This brings us to two major misconceptions that we want to address today.

1. Down Payment

A recent survey by Laurel Road, the National Online Lender and FDIC-Insured Bank, revealed that consumers overestimate the down payment funds needed to qualify for a home loan.

According to the survey, 53% of Americans who plan to buy or have already bought a home admit to their concerns about their ability to afford a home in the current market. In addition, 46% are currently unfamiliar with alternative down payment options, and 46% of millennials do not feel confident that they could currently afford a 20% down payment.

What these people don’t realize, however, is that there are many loans written with down payments of 3% or less.

Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.

2. FICO®Scores

An Ipsos survey revealed that 62% of respondents believe they need excellent credit to buy a home, with 43% thinking a “good credit score” is over 780. In actuality, the average FICO® scores for approved conventional and FHA mortgages are much lower.

The average conventional loan closed in May had a credit score of 753, while FHA mortgages closed with an average score of 676. The average across all loans closed in May was 724. The chart below shows the distribution of FICO® Scores for all loans approved in May.

You DO NOT Need 20% Down to Buy Your Home NOW! | MyKCM

Bottom Line

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but you are not sure if you are ‘able’ to, let’s sit down to help you understand your true options today. Give us a call today at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com

Your Monday Morning Real Estate Update for Bellingham & Whatcom County!

Bellingham REal Estate for sale Happy Monday! If 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 22nd, the pending ratio in Bellingham was 48%. 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 34%

The Ferndale pending ratio was 38%

The Lynden pending ratio was 50%

The Sudden Valley pending ratio was 63%

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