Buying

Articles Western Washington Real Estate Market Update 2018 Q1   The following analysis of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact me.   ECONOMIC OVERVIEW The […]
Articles Western Washington Real Estate Market Update Q4 2017   ECONOMIC OVERVIEW The Washington State economy added 104,600 new jobs over the past 12 months. This impressive growth rate of 3.1% is well above the national rate of 1.4%. Interestingly, the slowdown we saw through most of the second half of the year reversed in the fall, and we actually saw more robust employment […]
Articles 2018 Housing Forcast There have been many forecasts published right now for 2018, for politics, the economy, the weather, and so much more. Here is what I expect to see in 2018.   Interest Rates: Interest rates continue to be a great topic of discussion, with most predicting a rise. While the rates may rise a bit, I […]
Articles Real News – Article 3 In a past article I discussed where our Buyers are coming from, but in this article, I think you might like to see how our 2017 sales market stacks up against last year at this same time…. The total number of Orcas sales has increased from 42 in 2016 to 53 this year to date.  […]
Articles Real News – Article 2 A few months ago, the Wall Street Journal published an article stating that the San Juan Islands are the fastest growing luxury home market in the country. This article has created many discussions in the local real estate world all revolving around the question: “What does this statistic mean?”. It also asks the question: “Who […]
Articles Real News As the owner of the Windermere agency on Orcas, I am often asked; How’s the market? The answer is that the market is continuing to improve, and we are grateful to be past the challenging times of 2009 – 2012. But, this answer warrants further comment. We have come a long way from 2009, when […]
Articles The Gardner Report – Q2 2017   ECONOMIC OVERVIEW The Washington State economy has been expanding at a rapid pace but we are seeing a slowdown as the state grows closer to full employment. Given the solid growth, I would expect to see income growth move markedly higher, though this has yet to materialize. I anticipate that we will see faster […]
Articles Elevation Certificates One of the greatest things about owning property on Orcas Island is that you are, well, on an island. Let’s face it, who doesn’t like being surrounded by water on all sides? Okay, so maybe it’s not everyone’s cup of tea, but if you are into the whole water thing, purchasing land here can be […]
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Articles How the Neighborhood Impacts a Home’s Value Whether you’re buying or selling, accurately pricing a home requires professional assistance from someone who knows the neighborhood. The “estimated” home prices you see posted online can be off by tens of thousands of dollars—not because they are dishonest, but because the computer programs generating these guesstimates don’t take into account the current condition of […]
Articles Top 10 real estate tips for 2017 Sean Justice/Getty Images High demand and low interest rates drove housing sales in 2016, and 2017 is shaping up to be another good year, albeit with a few minor caveats. While home prices for starter-to-midrange homes are pushing upward toward pre-recession peaks, especially in secondary markets, they’re stabilizing in higher-priced areas. Prognosticators see the robust […]
Articles Planning for the Future: Housing Options to Consider It should come as no surprise that 75% of the senior citizens polled in the latest AARP Preferences survey strongly agreed with the statement, “What I’d like to do is stay in my current residence as long as possible.” After all, home is where the heart is; and the longer you live in a place, […]
Articles 7 Habits of Highly Effective Home Buyers  Habit #1 – Be Proactive: Get pre-approved For Your Bank Loan Mr. Covey’s first point deals with getting into the ongoing practice of being on the front foot, rather than living in a passive and reactive mode; not waiting for it all to happen for you but taking the first step. If you are looking […]
Buying How to Finance a Vacation Home That’s Also a Short-Term Rental This was posted in the Wall Street Journal:   Renting out a second home is one way to pay off the mortgage while leaving time for family fun By Anya Martin The rise of short-stay rental sites like Airbnb and HomeAway is tempting homeowners to purchase vacation homes that will also generate income. For some, […]
Buying Homebuyers May Benefit from Stock Meltdown This was sent to us by Tammy Pollard, Sr. Mortgage Advisor with Paramount Bond & Mortgage Co, LLC Despite the facts that the Federal Reserve recently raised interest rates, U.S. stocks are tumbling and new worries about the Chinese economy seem to emerge daily, there is still a positive outlook for homebuyers. All the worries […]
Buying 2016 Home Sales Will Be Best in a Decade, With Surprising Hot Spots, Realtor.com Predicts CNBC December 2, 2015 Total homes sales next year are expected to reach the highest levels since 2006 on the back of new construction and the existing housing market, Realtor.com reported Wednesday. The report contains several surprises. Among them, Providence, Rhode Island, ranked as the hottest market for 2016, and millennials are expected to make […]
Buying How to Survive the 4 Common Mortgage Killers A lot of detailed documentation is required when applying for a home loan these days. You can expect to show everything from full tax returns, pay stubs, bank statements, to letters of explanation regarding credit, debt, income and assets. However, that leaves quite a bit of room for challenges to pop up. Here are four […]
Buying Do you welcome a new home with any of these traditions or superstitions? Written by Anne Reagan for Porch.com October 20, 2015 It can be very stressful to find a new home, pack up belongings and coordinate a move to a new location. Despite the stress of a move, many of us take the time to ensure that our new home is ready for our family. Maybe you’ve […]
Buying What You Need to Know about Real Estate Appraisals Posted in Selling and Buying by Tara Sharp Appraised value vs. market value Appraisals are designed to protect buyers, sellers, and lending institutions. They provide a reliable, independent valuation of a tract of land and the structure on it, whether it’s a house or a skyscraper. Below, you will find information about the appraisal process, […]
Buying Buying a Second Home First By MICHELLE HIGGINSSEPT. 11, 2015 Some New York City renters are skipping the typical first rung on the urban homeownership ladder: Instead of investing in an apartment, they are buying a country house. Disappointed by what their budget will buy in the city, they are still living the American dream of having a place of […]
Buying Should You Buy or Rent? Do you dream of owning your own home? Or are you happy to rent a place where a landlord takes care of all your home issues? There are pros and cons of both renting and owning your home. Here are some issues to consider if you are on the fence: