Record Low Inventory in Bellingham and Whatcom County!

You’ve heard all the talk about the houisng market. I wanted to show you what it looks like. The housing inventory is at a level not previously seen. With only 1.9 months of supply in Bellingham, homes are selling in 24 hours or less.

If you are thinking of selling your home, give me a call! As the top agent in social media in Washington I can get your home MAXIMUM exposure!

How to Get the Most Money When Selling Your Home

Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
1. Price it a LITTLE LOW

This may seem counterintuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In reality, this just dramatically lessens the demand for their house (see chart below).

How to Get the Most Money When Selling Your Home | MyKCM

Instead of the seller trying to ‘win’ the negotiation with one buyer, they should price it so that demand for the home is maximized. By doing this, the seller will not be fighting with a buyer over the price, but will instead have multiple buyers fighting with each other over the house.

Realtor.com gives this advice:

“Aim to price your property at or just slightly below the going rate. Today’s buyers are highly informed, so if they sense they’re getting a deal, they’re likely to bid up a property that’s slightly underpriced, especially in areas with low inventory.”

2. Use a Real Estate Professional

This, too, may seem counterintuitive, as the seller likely believes that he or she will net more money if they don’t have to pay a real estate commission. With that being said, studies have shown that homes typically sell for more money when handled by a real estate professional.

Research posted by the National Association of Realtors revealed that:

“The median selling price for all FSBO homes was $185,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $163,800. However, homes that were sold with the assistance of an agent had a median selling price of $245,000 – nearly $60,000 more for the typical home sale.”

Bottom Line

Price your house at or slightly below the current market value and hire a professional. This will guarantee that you maximize the price you get for your house.

Thinking of Selling? Why Now is the Time

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

Read more here: https://goo.gl/H977xO

Is this the year you sell your home? Call me for my FREE home selling consultation and let me show you how I leverage social media to get you the most exposure!

Fawn Island in Beautiful Deer Harbor, Washington. Offered at $3.48M

Winter 2016/2017 Home Selling Guide

Thinking of Selling? Don’t Overlook an Outdated Kitchen, Buyers Won’t

If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned:

“Dated kitchens—just like bathrooms—are a major barrier for resale. Buyers want modern amenities and styling, and most aren’t interested in renovating post-purchase.”

Kitchen remodels can be pricey, with many complete remodels costing $20,000 or more. But not every kitchen needs a full remodel. There are many smaller projects that will help buyers see themselves trying their favorite Pinterest recipe in your home!

Here are a couple of project ideas that, if you’re handy or know someone who is, could end up boosting your home’s value without breaking the bank:

Are the cabinets in good shape but need an update? A new coat of paint and some updated hardware will instantly freshen up the space and drastically change the feel of the room all for under $300.
A new backsplash to match the freshly painted cabinets updates the space and adds some style while staying under $200, depending on the size of the room.
If the kitchen seems dark, consider adding LED under cabinet lighting for around $40.
If replacing the countertops in the kitchen isn’t within your budget, consider using a top coat to cover the current countertops.

If you decide to complete a full remodel of your outdated kitchen, you can expect a 67% return on a $30,000 upgrade (the national median cost). The benefits of a kitchen remodel aren’t purely financial, according to Houselogic:

“Eighty-two percent of homeowners said their updated kitchen gave them a greater desire to be at home, and 95% were happy or satisfied with the result.”

Bottom Line

Kitchens and bathrooms are often make or break for buyers when touring a home or searching through photo galleries online. Let’s get together to identify which small projects could pay off big!

Beautiful fall morning to check out the newest listings around #Bellingham and Whatcom county!

Fall may be in full swing but the housing market is still cooking right along! Check out the newest listings this week around Bellingham, Ferndale, and the rest of Whatcom county!
Thinking of selling your home? Get my free home selling guide and get your home sold before Thanksgiving!
See the new listings here:
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Jack Otto eXp Realty

Jack Otto eXp Realty

 

Sudden Valley Living At It’s Finest!

+++PENDING+++
Sudden Valley living at it’s finest! Come home to this warm and inviting large 4 bed/ 3bath home built in 2006. Located on quiet/level lot, features include a huge kitchen w/island, breakfast bar, pantry & plenty of counter space and storage. Vaulted ceilings in large main living/Dining area, gas fireplace and hardwoods are sure to please! Lower level has 2 beds/1bath w/large bonus living area. Use as an office, playroom, etc. Plenty of storage in the 2 car garage as well. This is a must see!
More info and pictures at: http://ow.ly/iTHk304Jwpw

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7 Simple Home Remodeling Strategies for the Easily Overwhelmed

“Which stresses you out more? The mere thought of adding a bathroom (so many contractors, so many unknowns, and you’re too busy already!) or fighting for Monday-morning mirror time for all eternity?

If it feels like a toss-up, you’re not alone. Remodeling can be overwhelming. With so much going on in your life already, it just feels easier to deal with a home that’s not quite right than to get swamped with one more gargantuan thing, right?

Wrong! A remodel doesn’t haveto be so all-consuming. With a few stress-sparing strategies, it’s totally doable — and totally worth it. Use these tips, and you’ll never have to step on your toddler’s rubber duckies while showering again.”

 

Check out the top tips from Houselogic.com 7 Simple Home Remodeling Strategies for the Easily Overwhelmed

 

houselogiv

Swim, Paddle, Float — Where to Beat the Summer Heat in Whatcom County

Summer is in full swing here in Whatcom county and if you have been looking for the best places to beat the heat, look no farther. Thanks to Whatcomtalk.com for this great list of places to enjoy while the heat is on.

http://www.whatcomtalk.com/2016/07/14/whatcom-county-swimming-holes/

Lake Padden

Lake Padden