Sunday Open House in Lynden At Remodeled Country Home With Designer Finishes

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Join Rich Johnson for an open house this Sunday from 10am – 2pm at 226 W King Tut Road in Lynden. Stop into this breathtaking home and see the high end touches that make you want to call this place home.

An iron entry gate, a winding blacktop driveway, a stable in the center of a green pasture with a white-railed fence, beautifully landscaped gardens featuring a delightful tunneled grape arbor walkway, several outdoor patios, a play area to include a life-sized dollhouse, a miniature “Red Barn” potting shed, a glorious Mt Baker & Twin Sister view & finally a completely remodeled Country Home with designer finishes throughout along with a huge wraparound deck & veranda is all waiting to be yours.

For more information, visit our virtual tour!

5 Tips When Buying a Newly Constructed Home

5 Tips When Buying a Newly Constructed Home | MyKCM

The lack of existing inventory for sale has forced many home buyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.

To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction:

1. Hire an Inspector

Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying new construction, you will have between 1-3 inspections, depending on your preference (the foundation inspection, the pre-drywall inspection, and a final inspection).

These inspections are important because the inspector will often notice something that the builder missed. If possible, attend the inspection so that you can ask questions about your new home and make sure the builder fixes any problems found by the inspector.

2. Maintain good communication with your builder

Starting with the pre-construction meeting (where you will go over all the details of your home with your project manager), establish a line of communication. For example, will the builder email you every Friday with progress updates? If you are an out-of-state buyer, will you receive weekly pictures of the progress via email? Can you call the builder and if so, how often? How often can you visit the site?

3. Look for builder’s incentives

The good thing about buying a new home is that you can add the countertop you need, the mudroom you want, or an extra porch off the back of your home! However, there is always a price for such additions, and they add up quickly!

Some builders offer incentives that can help reduce the amount you spend on your home. Do your homework and see what sort of incentives the builders in your area are offering.

4. Schedule extra time into the process

There are many things that can impact the progress on your home. One of these things is the weather, especially if you are building in the fall and winter. Rain can delay the pouring of a foundation as well as other necessary steps at the beginning of construction, while snow can freeze pipes and slow your timeline.

Most builders already have a one-to-two-week buffer added into their timelines, but if you are also in the process of selling your current home, you must keep that in mind! Nobody wants to be between homes for a couple of weeks.

5. Visit the site often

As we mentioned earlier, be sure to schedule time with your project manager at least once a week to see the progress on your home. It’s easy for someone who is not there all the time to notice little details that the builder may have forgotten or overlooked. Additionally, don’t forget to take pictures! You might need them later to see exactly where that pipe is or where those electrical connections are once they’re covered up with drywall!

Bottom Line

Watching your home come to life is a wonderful experience that can sometimes come with hassles. To avoid some of these headaches, keep these tips in mind!

If you are ready to put your current home on the market and find out what new construction is available in your area, let’s get together to discuss your options! Give The Johnson Team a call today at (888) 713-3056 or email us at Info@JohnsonTeamRealEstate.com.

Where are Home Values Headed over the Next Few Years?

Where are Home Values Headed over the Next Few Years? | MyKCM

There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:

The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.

Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

Freddie Mac – An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets always.

Here are their projections of prices going forward:

Where are Home Values Headed over the Next Few Years? | MyKCM

Bottom Line

Every source sees home prices continuing to appreciate – just at lower percentages as we move through the next several years.  Have questions? Call us today at 1-888-713-3056!

Just Listed 3 Bedroom, 2 Bath Home In Birch Bay!

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Just listed in Birch Bay, an amazing 1,529 sq foot rambler with new marbled and engineered hardwood flooring. This move in ready home is one you will enjoy for years!

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This immaculate one level home is located on a quiet side street. It has a nice floorplan with large open spaces & is waiting for you to enjoy. Inside you’ll appreciate the warmth of the in-floor radiant heat, the spacious kitchen & the huge master bedroom. Put your “Green Thumb” to good use in this large sunny fully fenced backyard. Whether it’s roses, Fido or croquet, it’s a yard you’ll enjoy for years. Within a short walk is a beach to roam and explore, who knows what treasures you’ll find.

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For more information, take a look at the virtual tour!

Just Listed Lummi Island Custom Home That Overlooks Private Cove

Don’t miss out on this one of  a kind Lummi Island home and property! 1471 Seacrest Drive on Lummi Island is the oasis  you have been looking for!

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Peace, quiet, total seclusion & an expansive view of water & mountains could be yours in this unique home & property. This custom designed & built home overlooks a private cove, Haro Strait, Mt Baker & Twin Sisters. The floor plan is open, airy, well lit & inviting with expansive windows keeping you in touch with the beauty around you. A private path provides access to either the beach of Sun-Rise Cove with your boat anchored in front or up secret trails to explore. This is a dream come true.

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Come visit us at an open house this Sunday, August 5th from 1pm – 3pm.

For more information, view the virtual tour here or call us at 1-888-713-3056 today!

Custom Built Bellingham Home With Views Just Listed

JUST LISTED!

Amazing custom built home with views from almost every window! 4660 Raptor Lane in Bellingham is what dreams are made of.

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Bellingham Bay, the Islands, Chuckanut Mtn, Lookout Mtns & everything in between, it’s there from the windows & deck of 4660 Raptor Ln. Add some fog, a bit of mist, a setting sun & you then have the lifestyle everyone dreams about but too often slips by. Inside is a gorgeous custom home with beautiful hardwood floors, a kitchen to inspire cook & guests alike & a large master bedroom with elegant bath. Outside is a gardeners dream with sun, plantings, water feature, secret paths & privacy.

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Come visit us at an open house this Sunday, August 5th from 1pm – 3pm.

For more information, view the virtual tour here. 

Lake Whatcom Waterfront Home For Sale

Don’t miss your chance to own a pristine lakefront home in beautiful Bellingham!  Stunning 3078 Northshore Drive is located on the shores of Bellingham’s  magnificent Lake Whatcom.

032_Boat LiftLooking for sun, no bank waterfront, privacy & elegant home? Your search is finally over. This northwestern contemporary is built by a premier builder who used only the finest of materials to create a masterpiece on the Lake. From the quartz counter tops to the steam shower, no expense has been spared -even Fido has his own shower. The setting is peaceful with walkways, pond, landscaping & slice of waterfront with dock, boat lift, outdoor kitchen that make it 2nd to none.

If you would like more detailed information on the home or would like to schedule a private showing feel free to call 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com, we would be happy to help!

Visit the home’s website to take a 3-D virtual tour today!

Get the Facts on the Bellingham Real Estate Market!

As I talk to people about real estate, I am increasingly told they feel things are cooling off.  When I ask why, the common replies are the frequency of price reduction signs, flipped sales, increased market times & listings going beyond the “offer review date”.  To get a better perspective of the “State of the Market”, let’s take a look at the following statistics for our local market.

 

Whatcom County has a 2.83 month supply of inventory.  Remember that a healthy real estate market has 4 to 6 months.  There are currently a total of 910 active residential & condos listings.

The average sale price of single family and condo sales closed in Whatcom County has increased almost $16,000 with the median price increasing $44,900 over the past 12 months A local lender’s interest rate as of 10.19.2017 for a 30 year fixed rate loan with 5% down is 3.875%. That same loan with the same lender was 3.75% 8.03.2017.  Rates are expected to rise in the coming months to more than 4%.

So let’s drill down further to see some specifics:

-A 5 bedroom, 3 bath, 1576 sq ft fixer built in 1900  on Jaeger St just closed with a full price offer @ $375,000.  It was such a fixer the agent didn’t even include interior photos of the home in the listing.

-Today there are 18 homes / condos that have pended after 5 or less days on the market.  The average market time for all pendings is 35 days. In the last 30 days, there have been 28 homes / condos in Bellingham that have closed within 5 days or less of the home being listed.  Of the 106 homes / condos that sold in Bellingham over the past 30 days, 29 sold in excess of their list price & 16 sold at the list price

-I recently talked to an agent who told me she has written offers recently for 5 different buyers & lost out on all five because there were multiple offers.

So to bring this all together:

There are certainly homes that languish on the market – there always has been & always will be.

Inventory is short to the extreme with no end in sight

Prices will continue to rise.  There is no reason to believe, in my opinion, that demand will slack off.  In fact as the Seattle market continues to heat up, buyers will be forced to look up & down the I-5 corridor to find affordable housing.  I just sold a home to a 1st time buyer in Ferndale.  He commutes to Seattle every day to work.  We will see more of that.

Interest rates are still good  but are increasing.

Here’s a great visual to break down inventory numbers over the past several years:

Market Snap Shot Oct. 17

If you or your friends have questions about real estate, Mike & I would be happy to help.  As many of you know, we have been licensed for years, are committed to helping our clients make good decisions & are not afraid to put in our time – we usually are the 1st ones at the office & the last ones to leave. If that’s the kind of commitment you want for yourselves or want to refer to your friends, please pass our names on.  We are the guys that turn the lights on in the morning & off in the evening.

 

Gorgeous 43 Acres in Mt. Baker Foothills!

LeanoardLocated on Leonard Lane in Maple Falls, Washington for sale for $225,000

This is a gorgeous estate property nestled in the foothills of Mt. Baker. A portion is a level grassy meadow with some trees and a creek meandering through on its way to Sprague Lake. The remainder of the property is heavily treed and fairly steep. The location is approximately 40 minutes from I-5 & only a short distance to the Mt Baker ski area. While there are some development possibilities here this certainly would be an ideal spot for an estate amongst the trees, wildlife, solitude and sun.

Additional Information

Taxes: $1,092
Waterfront: Creek
View: Mountain, Territorial
Lot Size : 43.00 Acres (1,873,080 SqFt)

School Information

Elementary:  Kendall Elem
Junior High:  Mount Baker Junior High
High: Mount Baker Senior High

For more information on this property or other properties in the area call us toll free at 1-888-713-3056 or email us at Info@JohnsonTeamRealEstate.com today!

Walk to Boulevard Park and More!

Just listed 444 S State Street in Bellingham. 1 bedroom, 1 bath condo in the heart of South Bellingham.

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Come enjoy this great condo right above Boulevard Park. Access to the park is easy and the walk to Woods Coffee is a breeze. The unit is 1 bedroom and 1 bath with a nice open feel in the living space. Tons of light as it is a corner unit and has a private balcony. The complex has a pool, rec room , on site laundry, sauna and a storage space. Plenty of guest parking for visitors and the unit comes with a reserved parking space.

Additional InformationCondo 2

  • Taxes: $1,594
  • HOA Dues: $257
  • Exterior: Cement Planked, Cement/Concrete
  • Heating/Cooling: Baseboard
  • Roof:Built-up Roof
  • Flooring: Laminate

For more information on 444 S State St call us today at (360) 303-2734 or visit the home’s website to schedule a showing and learn more!