Navigating a Seller’s Market in the Stanwood-Camano Island Area

It’s no great secret that right now, in mid-2018, we’re experiencing a seller’s market. Home prices across the country (and especially in Seattle) have skyrocketed. Homes in the King County area gained value at double the national average between 1995 and this year. So what should you do with this information, and how has this trend affected the market in the Stanwood-Camano area?

First, it’s important to understand why it’s such a good time to list right now. Due to a combination of factors, including low home-availability and decent mortgage rates, the homes that are on the market often sell for above asking price. As CNN puts it: “The problem is simple: there are more people looking to buy homes than there are homes available for sale.”

J.P. DeBoer, Windermere Stanwood-Camano Broker

J.P. DeBoer, Windermere Stanwood-Camano Broker

“It’s a 180 degree shift from five years ago” said JP DeBoer, a Windermere Stanwood-Camano Broker, “Sellers are definitely coming from a position of strength… When a buyer makes an offer, the agents have been asking me if there’s other things they can offer, like rent-backs or shorter contingencies to sweeten the transaction.”

For a seller, this is great news. Home values are good, and you are likely to get several competitive offers on a listing. For the buyer, this means that the transaction might be a little more tricky. The best thing to do is to  find an experienced agent to work with can help you find creative ways to make your offer more appealing, without necessarily having to spend more money.

“Having your ducks in a row is huge” said DeBoer, “I’ve closed several transactions this month where the seller listed below asking price, and because the buyer was ready, we were able to get that price.” It’s good to weight the pros and cons of a property or house, but in this market it’s also important to be ready to move ahead with a deal, should the right one present itself.

On the buyer’s side, patience is key. While these national trends may seem intimidating, sometimes the right place comes up at the right time. Perhaps a seller is looking to move because of a new job offer, and they’re willing to negotiate on price for the sake of a quick transaction. Again, working with an experienced broker is key, so you can keep track of new offers near your area of interest. Expect to make at least one or two offers before finding the right deal, and you should also be prepared to throw in a few little incentives to move the transaction along.

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Will Smart Homes be the New Normal ?

Lennar, the nations largest home builder, will make home automation standard in their new home construction. With built in Wi-Fi, smart locks, video door bells, thermostats and lights, devices will be controlled by Alexa – Amazon’s voice activated digital assistant. Lennar and Amazon will open 8 model Smart homes  in California, hoping to show perspective buyers how this new technology works in a real house and how it could simplify their lives.

ring doorbellAccording to Steve Youngren of Windermere Stanwood-Camano, buyers in our area are more concerned with security than convenience. In Seattle, Jeff Reynolds of Windermere says his buyers appreciate seeing Ring video doorbells in the homes they view.

With video doorbells, homeowners are notified as soon as motion is detected at their home. Homeowners receive live video of the activity on their doorstep via smartphone or tablet. The smart doorbell also provides two-way audio so homeowners can speak to visitors – even when they’re not at home. It’s this combination of security and convenience that buyers are ready to get on board with.

For more information about the trend toward smart homes, read the USA Today article.

 

#Feature Friday – Camano Island View Home

Today’s #FeatureFriday is this fabulous#CamanoIsland home with endless possibilities and room to spare. This is a must-see.
MLS | 1252429
https://www.windermere.com/listing/76223297

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Exterior Paint – Tips and Tricks to Keep Your Home Looking Fabulous

most popular exterior paint colors

Choosing a color for the siding

When it comes to sheer square footage, a home’s siding takes up a lot of visual real estate and is usually the most difficult (and most expensive) area to paint. Consequently, you should decide on a paint color for your siding first and then match your trim and accents to it. To start your color selection, realize your home actually isn’t a blank canvas. You have a lot of fixed elements to consider when establishing your color palette.

  1. 1. The roof

    If you have a brown roof, steer toward a warm siding color, like Sherwin-Williams’ Avenue Tan. If you have a gray or black roof, you can go cooler — Olympic’s Coast of Maine is a popular choice. Take a step back and observe any other fixed, unpaintable elements on your home’s exterior, like copper awnings, stone chimneys, and brick features.

  2. 2. Consider your neighbors

    If one house next door to yours is navy-blue and another is white, you shouldn’t veer into warm-color territory or paint your house navy-blue or white (no one likes a copycat). Instead, match their home’s color intensity. Something like Benjamin Moore’s Wedgewood Gray would pair well: It stays in the cool spectrum and doesn’t duplicate their selections. You want to have personality but not stand out in a bad way.

  3. 3. Don’t ignore local cues

    Beyond the colors on your block, do some research (you can probably just drive around your town!) to make sure your color scheme is historically and regionally appropriate. “Imagine the colors you see on homes in Key West,” says Amy Krane, an architectural color consultant. “Pink and turquoise feel natural in a tropical region but would be wholly out of place in the Midwest.”

  4. 4. Keep scale and depth in mind

    The color of your home can trick the eye. For instance, painting your home a light color like Benjamin Moore’s November Rain can make it seem larger than it is and visually brings it forward to the curb. Conversely, dark colors can make a home look smaller but more substantial and set back — Benjamin Moore’s Boston Brick has this effect.

  5. 5. Test before you commit

    Always paint a test patch and observe it at different times of day to see how the sunlight affects it. Keep in mind that all colors will always appear lighter on the exterior of your house than on a paint chip in the store. “Natural lighting makes everything appear lighter and brighter,” says paint color specialist Kristie Barnett. “Always go darker than you think you’d want.”

Click here to see how to chose trim and accent colors!

https://www.trulia.com/blog/the-most-popular-exterior-paint-colors/

New Stats! – Camano Island 02/15/2018

Camano StatsCamano Stats 2

Stanwood #MarketStats

Here are the most recent Market Stats for Stanwood! 📊
#Stanwood #Windermere #MarketStats

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Camano #MarketStats

Let’s start this beautiful Monday morning off with some brand new market stats for #CamanoIsland!
#MarketStats #Windermere

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Market Stats!

07.15.2017 Canva Camano Island

Here is the latest market data for Camano Island!

#TrendTuesday #MarketTrends #CamanoIsland #Data

Market News 📈

“75 million Baby Boomers control nearly 80% of all U.S. wealth, and as this generation ages, retires, and inevitably downsizes, they will have a significant impact on the housing market.”
-Windermere Chief Economist, Matthew Gardner

Market Data

Great news if you have been thinking about selling you home!
#Stanwood #Windermere #MarketData #Stats 📈

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