What to Do Memorial Day Weekend

 

Looking for something to do this Memorial Day Weekend? There’s tons of events and activities going on around Whatcom County… here’s a few to choose from!

Ski to Sea Race: This annual 93.5 mile, 8-person relay race is held on Sunday of Memorial Day weekend every year. Come out to watch downhill skiing, cross-country skiing, running, canoeing, bike riding, and kayaking!

Fairhaven Festival: If you’re not interested in watching the race, there will be a festival going on near the race finish line featuring live music, food and vendor booths, a beer garden, and more.

Whatcom Memorial Day Parade: Starting at noon on Saturday, the Memorial Day Parade will be celebrating our communities and remembering our heroes. Starting at the corner of Alabama street and Cornwall, this event will showcase local talent, businesses, and products. Come support or even volunteer at their website! http://www.1335mclbellingham.com/

Happy Memorial Day, enjoy the long weekend!

20th Anniversary Curt Maberry Memorial Classic

The countdown to the 20th anniversary of the Curt Maberry Memorial Classic has begun! This 3 on 3 basketball tournament goes on every year during the annual Raspberry Festival in Lynden, and I can’t believe we’ve been putting it on for 20 years now. Every year has grown, with over 215 teams last year! The festival and tournament brings the community together with some healthy competition, local favorites like fresh berries and poffertjies, live music, beer garden, and car show. We’re looking forward to another great year filling the streets of downtown Lynden. Make sure to put it on the calendar, you won’t want to miss out on the action!

Festival & Tournament Dates: Friday July 20 – Saturday July 21, 2018

Want to put a team together? Check out Lynden3on3Razz.com OR print an application HERE!

If you have any further questions, please call our office @ 360-354-4242

Lynden Market Update

Inventory in Lynden continues to hover at all-time lows. When comparing the number of active listings in March over the past ten years for Lynden residential properties, there shows a 79.3% decline from 150 in March 2008 to only 31 in March 2018!

Along with low inventory is a constant rise in listing prices. See the chart below for stats on the median residential sales prices in Lynden vs. Whatcom County from March 2016-March 2018.

Feel free to contact me any time if you’d like more information on the market! Whether you’re someone looking to sell or buy, I look forward to helping you put your best foot forward and ultimately enjoy a smooth transaction from start to finish.

Want to get your offer accepted? Think like a seller!

In a seller’s market where inventory is low, multiple offers are the norm. To help my buyers win in multiple-offer scenarios, I coach them to “think like a seller” in order to get their offers accepted. That means getting creative – and understanding that the best offer is not always the highest offer!

Below are some ways that you can “think like a seller” and be more strategic about submitting a winning offer. The goal is to show the seller that you mean business – that you want the house and you will do everything on your end to make the process smooth and problem-free.

  • Put yourself in the seller’s shoes: Consider perks that might appeal to a seller. For example, you may want to offer to let the seller leave behind garbage that you will dispose of. You also might offer to take care of the cleaning before you move in so that there is one less thing for the seller to take care of. Maybe the sellers would welcome one more summer in their family home. You may consider offering to rent it back to them for a specified time period or offer a flexible closing date to make it more convenient (there are pros and cons to consider, of course).
  • Consider waiving contingencies: To a seller, a contingency represents a hurdle during which the transaction may fall apart. In order to think like a seller, waive contingencies or at least limit them to what is essential. That means that if you are unable to secure financing for a mortgage, you won’t ask for your earnest money to be returned. Or that you will shorten or waive an inspection. Many sellers allow buyers to do a “pre-inspection” before making an offer so the buyer feels comfortable waiving the inspection. Or waive the appraisal contingency and offer to bring money to the table if the home does not appraise for the offer price. Again, there is a lot to consider here and I want you to be protected, so I will let you know the pros and cons so you are comfortable with your strategy.
  • Make your offer as clean as possible:  To a seller, making your offer as clean as possible means that your offer is not contingent on the sale of another property and does not have other financial constraints. It should also be free of seller concessions, which are things that a buyer asks for outside of the offer price, such as help with closing costs.
  • Money talks: Despite what I said above that the best offer is not always the highest offer, for many sellers it is all about the money. In many cases the winning offer will be above “full price,” so be prepared to offer more than asking. Also consider increasing your down payment and putting as much of your down payment into earnest money as possible to make a strong impression. Sellers appreciate this because they feel it ensures you won’t break the contract because you will be worried about losing this money.

If you are ready to buy, call or text me at (360) 410-1297 or send me an email at Jerry@jerryblankers.com. Together let’s strategize on how to help you think like a seller to get the home you want

What’s Holding Things Up?!

BUYERS, don’t let these simple mistakes keep you from moving into your new home! Timelines can vary, but we’re here to set you up with the best resources to keep you on track with the mortgage closing process. Our office hosts an excellent loan consultant, Casey Porter from Caliber Home Loans – Bellingham, that goes above and beyond for his clients. Let’s get you in contact with him and you’ll be that much closer to being a home owner!

14 Factors that Can Stall the Mortgage Closing Process

realtor.com

Investment Property TIPS!

“Every person who invests in well-selected real estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real estate is the basis of wealth.” — Theodore Roosevelt

Our team has been experiencing an increase in calls asking about investment opportunities in real estate. With the low interest being paid by banks, clients are turning to real estate for a secure return on their money. People are looking for both multifamily residential as well as commercial investments to help their capital grow. CAP rates very depending on the strength of the tenant and conditions of the building. A strong tenant in a building in great condition might be an attractive investment at a 4% CAP rate. Whereas an older building with tenants not as strong is going to require a 6-7% CAP rate to attract buyers. A CAP rate is simply the % of return on your investment after all rents are collected and all expenses are deducted. If you have further questions regarding CAP rates or any type of investment properties, give us a call! We’d love to help you make a SMART investment decision that will benefit you for years to come.

One of the Most Desirable Neighborhoods in Lynden!

This beautiful home just listed in one of Lynden’s most desirable neighborhoods!  You’ll enjoy views from almost every room in the house. Entertain on your covered wrap-around deck off the dining room or your covered patio off the family room. Other features include: Florida room with tiled floor & cathedral ceilings. Freshly painted inside. Skylights, updated master bath. Hardwood floors, 500+ SqFt unfinished room for storage, manicured gardens, sprinkler system.

Picture yourself enjoying your morning cup of coffee on the deck while taking in clear views of the mountains!

1005 E Front Street, Lynden | MLS# 1268699 | $459,000
Tour Property: http://www.tourfactory.com/1788856 

Lynden Market Update

The chart below reflects the changes in local market inventory from February 2008 to 2018. The months of inventory remains at extraordinary lows for both Lynden and Whatcom County. In February, there was just under 2 months of inventory, which means it would take less than 2 months to sell out of the current inventory of active residential and condo listings based on the sales rate. Buyers, we are eager to help you be prepared for when that home comes on the market you’ve been searching for!

Spring Decorating Ideas

Happy Spring! Now is the perfect time to revamp your home décor, especially for all you new homeowners looking to personalize the new space you live in. A new article from Realtor.com has offered some EASY & INEXPENSIVE spring decorating ideas to help you welcome the new season into your home!

  1. Add a bright accent wall: Since you may not want it year round, use some peel-and-stick wallpaper that will be quick and easy to put on and remove when you’re ready.
  2. Decorate w/ nature itself: Collect old birds nests around your home and put them on display under a glass cloche or filled w/ fruit, flowers, or colored eggs!
  3. Put out fresh flowers: This is a must if you’re going for the rejuvenated, fresh vibe. Great options include calla lilies, irises, tulips, and pansies.
  4. Change up furniture accessories & lamp shades: Put those dark, lifeless shades, throw pillows and accent blankets into storage, and bring out some lighter, fun colors! Yellows, soft pinks, and orange go best with warm-toned houses and light blues, greens, and silvers are great for cool tones.
    image courtesy of Realtor.com
  5. Put on lightweight bedding: With warmer temperatures and sunnier days, you might want to consider changing out your flannel sheets and heavy blankets for lighter bedding options. Try out lighter pastels for the accent pillows and throw blankets.
  6. Decorate w/ fragrant herbs and fruits: Displays of fresh green plants throughout your house is always a great idea for spring! Go for small pots of herbs such as basil, thyme, and mint in your kitchen area to add fresh smells. You could also put bright fruits like apples, limes, lemons, or pears out on the counters or dining table.
  7. Get new bathroom linens: Livening up the bathroom is another easy and inexpensive spring upgrade. A bright, patterned shower curtain with matching hand towels will give your space that extra pop, and soft scented candles will take you even further!
  8. Give the entrance some love: Consider painting the front door a fun accent color, get a new doormat, or even get outdoor planters. A fresh entryway tells people spring has sprung at your house!

Oversized Lots in BRAND NEW Lynden Development!

Welcome to Blankers Estates on the Ridge! This BRAND NEW development is located on the South West side of Lynden featuring over 30 lots with fantastic views of the Cascades and Nooksack River Valley. Each of these oversized lots are zoned for a primary estate residence with the ability to accommodate a secondary housing unit and/or shop. This new community is a unique addition to Lynden that encourages extended living. Get your hands on one of these lots and enjoy spacious, peaceful living! If you’re interested or have any questions at all, feel free to give me a call @ 360-410-1297. Have a great week!