Real Estate Weekly February 5, 2021

INSIDE

This Issue EXPECT SMALLER BUT HEALTHIER HOMES IN THE NEXT DECADE PAGE 5 WHAT SELLERS WANT MOST: CERTAINTY PAGE 7 CLASSIFIEDS PAGE 7

FEB 5-11, 2021

INSIDE

TABLE OF CONTENTS

PAGE

5

Expect smaller but healthier homes in the next decade .......................................P5 Q&A

Ask Our Broker.......................................................................P6

What sellers want most: certainty.......................P7 Classifieds............................................................................P7

RE-Weekly To advertise in RE-Weekly or other Skagit Publishing publications, Call: 360.416.2180 or Email: ads@skagitads.com ©2021 by Skagit Publishing | All rights reserved.

All real estate advertised in Real Estate Weekly is subject to the Federal Fair Housing Act, which makes it illegal to advertise “any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation or discrimination.” We will not knowingly accept any advertising which is in violation of the law. All persons are hereby informed

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that all dwellings advertised are available on an equal opportunity basis.

For further information call HUD Toll Free at 1-800-669-9777.

All Houses subject to prior changes without notice. Neither advertisers nor Skagit Publishing are responsible for any errors in the ad copy. Skagit Publishing reserves the right to refuse any advertising, which we deem unsuitable for our publication.

Unless otherwise noted, all photographs, artwork and ad designs printed are the sole property of Skagit Publishing and may not be duplicated or reprinted without express written permission.

Skagit Publishing is not responsible for typographical or production errors or the accuracy of information provided by advertisers.

February 5, 2021

STAT Real Estate Stat

$106,700 The median household income of repeat buyers.

Source: National Association of Realtors

NORTH PUGET SOUND ASSOCIATION of REALTORS®

Feature Home From cover:

525 East College Way, Ste. J

4407 Cutter Drive, AnACortes

Mount Vernon, WA 98273

360) 416-4902

www.npsar.realtor

Devastatingly effective wire fraud scams are becoming more and more common in real estate transactions. Sophisticated hackers are monitoring client and/or broker email accounts and waiting for a window to steal monies from clients.

The scammers convincingly impersonate the broker or escrow agent, and then send messages urging the clients to wire funds to fake accounts set up by the scammers. The clients are left with no recourse to recover the stolen funds.

Are you prepared to protect yourself?

Washington REALTORS® in cooperation with the NWMLS, the Department of Licensing, Department of Financial Institutions and the Office of the Insurance Commissioner have created several resources to educate our members and consumers about this widespread but preventable fraud.

 

Obtain the phone number of your real estate broker and your escrow agent at your first meeting.

Call the known phone number to speak directly with your broker or escrow officer to confirm wire instructions PRIOR to wiring.

Mission Statement: The Nor th Puget Sound Association of Realtor s advocates for Realtor s and their clients, and promotes the protection of property rights.

$1,525,000

Windermere real estate/anacortes Properties P 3018 commercial ave.

Anacortes,WA • 360-293-8008 www.anacortesrealestate.com

LEAH COURAGE 360-317-8888

Exquisite Nantucket-style water view home with timeless sophistication and custom design elements throughout. Airy open floor plan captures water, WA State ferries & island views. Chefs kitchen with island, supplied with Thermadore appliances. Main floor master suite offers deck access, luxurious bath and walk-in closet. Upstairs features 2nd master with French doors leading to large private balcony, guest bedroom with ensuite bath and spacious bonus room. Daylight bottom floor has family room with wet bar, 3/4 bath, and partially finished room - perfect for exercise equipment, art studio, etc. Windows and doors wired for Smart Home technology, Nest home security installed. Community features award-winning architecture, 5 parks, and beach access.

MLS#: 1712567 2041813

February 5, 2021

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Now could be the time to sell a new home and earn a slice of the real estate pie.

Record-low interest rates and record-low housing prices are renewing interest in the floundering housing market for many people. “When sellers are interviewing real estate agents to market their homes, their primary focus is usually on the advertising that the agent will offer them,� says Jessica Goodbody of Weichert Realtors.

Let us help you meet your marketing goals by advertising your listings in Real Estate Weekly.

Call 360.416.2180 Today!

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RealEstate weekly In print and online goskagit.com ads@skagitads.com

February 5, 2021

Expect smaller but healthier homes in the next decade

By Erik J. Martin CTW Features ith all of us spending a lot more time indoors at home over the last year, common sense would dictate that it’s easy to feel cooped up and desirous of more living space – especially with remote working and learning likely to remain in place for many households.

But here’s a surprise: New research suggests that American homes will actually shrink over the next decade.

A recent poll conducted by the International Furnishings and Design Association (IFDA) found that nearly 63% of Americans

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surveyed expect to live in a home with smaller space versus approximately 37% who expect to live in spaces that are larger (3.67%) or the same size (33.94%). Nearly two in three anticipate the formal living room to disappear, and about 58% believe a separate dining room will become extinct.

Respondents also expect homes to get a lot healthier and greener in the coming 10 years, as well. Around three in four surveyed believe sustainability and green design will become more important, and a whopping 95% expect wellness to be emphasized more in design planning.

Paul Foresman, vice president of Design Basics in Omaha, Nebraska, isn’t surprised by these findings.

“Single-family homebuilding lots dropped to a record of just 8,177 square feet in 2019, per the US Census Bureau. Dictated by smaller homesites, it’s generally true that new homes are getting smaller – a trend that’s likely to continue,” he says. “Typically, the home plans we are selling today are considerably smaller in terms of their overall width and depth, and they’re also a little smaller in terms of total finished square footage. Overall, homes are being designed

to more fully utilize space within a given footprint, and builders are looking to maximize finished space under the roof.”

George Sheaffer, owner of Sheaffer Construction in Warrenton, Virginia, says downsized homes make sense as a likely trend.

“The thing about bigger homes is that they cost a lot of money. Homes will probably shrink in size over the next decade due to the high cost of materials. Consider that, for every 1,000 square feet today, you pay $100,000 to $150,000,” says Sheaffer.

Liam Anderson, principal designer at Liam Anderson Interiors in Philadelphia, notes that larger homes

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are harder to clean and sanitize.

“Given the public’s awareness of the importance of keeping a clean and sanitized home in light of the pandemic, it makes sense that consumers will increasingly choose smaller homes in the years ahead,” explains Anderson.

As for the expected push toward healthier and more sustainable residences, Kadi Kohea, CEO of New York City-based Merati Homes, doesn’t doubt it.

“Homes will become healthier due to increased consumer awareness of the mental and physical health impacts of our residences.

This will drive policy to require change, as well,”

she says.

An increased desire for homes that foster wellness features will lead to changes in design that accent more natural light, Foresman believes.

“Studies show that sunlight triggers the release of serotonin, which can improve our mood and calm us. In response, window size and placement are receiving more attention in today’s homes, as is having windows on two sides of a room – ushering in daylight from two directions as well as fresh air,” explains Foresman.

“And a growing push to decrease unwanted noise and distraction, especially as we continue to work from home, explains why improved air sealing and better windows are a priority today, as are improved soundproofing measures like quieter drywall, sound-deadening insulation, and solid-core interior doors.”

Staci Siegel, a Realtor with Engel & Voelkers, Santa Monica, California, equates the growing popularity of healthier home design with the burgeoning trend toward choosing organic foods.

“Homes are bound to get healthier as we collectively continue to recognize all the toxins from decades past and how they affect our interiors,” she says.

“Americans realize the necessary steps we need to take to improve air quality and choose green and sustainable materials and processes.”

5

Mortgage Rates Question:

With rates so low, we decided to go mortgage hunting.

What we discovered was that a lot of lenders do not offer the low rates we’ve been reading about. Also, there was a surprising range of prices among lenders, some much higher than others. How do you explain this?

Answer:

Published mortgage rates are a wonder to behold, but they’re not a wonder for everyone. It certainly makes sense to see what’s out there with rates now at or near historic lows. What you’re likely to find are an array of rates, including some that are very attractive and others that are hardly bargains. There are several reasons for this.

First, the best rates are reserved for the best borrowers, those with credit scores generally above 780, ongoing income, and good reserves.

This means it’s important to check credit reports at AnnualCreditReport.com. Because of the pandemic, you can now get credit reports from Equifax, Experian,

and TransUnion without cost as often as once-a-week until April 20th. See if there are any errors or out-ofdate items. If you find any, they can drag down your credit score. Contact the credit reporting agency if you find something amiss and get it corrected.

Second, this is a great time to be a lender. Black Knight estimates that lenders originated some nine million mortgages worth $4.4 trillion in 2020, a record production level. There were a lot of originations, and there were also significant profits associated with the typical loan.

“Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $5,535 on each loan they originated in the third quarter of 2020,” according to the Mortgage Bankers Association (MBA).

Third, the huge numbers are sometimes overwhelming. There is only so much volume that lender systems and staff can handle. The result can be higher rates and stiffer fees, a way to make scarce resources more productive. This is one reason why borrowers should shop around.

Q&A

ASK OUR BROKER

By Peter G. Miller

Fourth, published rates are always subject to change.

That’s because mortgage rates are constantly moving up and down. The good news has been that mortgage costs have generally been falling for some time.

According to Freddie Mac, the average rate was 4.54% in 2018 and 3.94% in 2019. In November 2020, the average rate was 2.77%, a record monthly low.

Fifth, demand has led to a new emphasis on fees. Be careful with low-rate quotes. Look at the entire deal, especially fees and charges. If you come across a mortgage offer with an enticing low rate plus big fees you need to see if there are better options.

Published rates have value in the sense that they show borrowers where the mortgage market is headed and the general interest levels that are out there. Nobody is saying that such rates will not change or that every borrower will qualify for the lowest interest levels. The published rates – plus lots of shopping around – can get you to the promised land of low rates and sensible qualification standards.

Email your real estate questions for Mr. Miller to peter@ctwfeatures.com.

own the local real estate market expand your reach when you combine the power of our digital audience and premium print ads in the re weekly ask your multimedia account executive for details.

ContaCt: 360.424.3251 • ads@skagitads.Com 6

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February 5, 2021

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CLASSIFIEDS

Alpine Ridge Retirement Apartments in MV is accepting applications for 2 Bdrm apts. Income limits apply. 360-424-9622 for more info.

PUBLISHER'S NOTICE

What sellers want most: certainty

By Marilyn Kennedy Melia CTW Features ith fewer homes for sale in most markets, sellers hold sway over-eager buyers.

Ironically, that means some sellers aren’t taking the highest price offer.

“We are seeing the majority of our listings receiving multiple offers, so sellers are usually more inclined to take an offer with little or no contingencies,

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over higher offers with normal contingencies,” says Matthew Martinez of Diamond Real Estate Group, San Francisco.

The four most common contingencies could derail a transaction: a buyer can secure financing a home inspection doesn’t reveal problems an appraisal value comes in at or lower than the contract price a buyer sells his own home before closing/ are being eliminated or diluted to please sellers.

Here, agents explain how: Financing. Most buyers need a mortgage, so this one is still common.

But,” some sellers are requesting that the earnest money become nonrefundable and released to the seller after 15 days,” Paul Welden of HomeSmart, Phoenix.

“This forces the buyer to ensure they are well qualified by the lender.”

Sellers’ agents also talk to the buyer’s lender to determine whether the loan will likely be

granted.

Appraisal. This contingency crated 13 percent of sales, according to a recent survey from the National Association of Realtors. With prices rising quickly, appraised values can be lower than the price paid. Buyers are sometimes offering to cover any shortfall, up to a limit.

Inspection. It’s now more common to ask for an inspection before making an offer, instead of the usual practice of scheduling

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the inspection later and stipulating that issues uncovered that can’t be resolved will negate the contract, notes Kate Ziegler, Arborview Realty, Boston. This approach eliminates a buyer’s worry that he can be saddled with expensive repairs while also ensuring sellers the buyers have no concerns.

Home Sale. This contingency is not often not accepted because it’s too risky, except in cases where the buyer’s home is under contract.

All rental and real estate for sale advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin, or an intention, to make any such preference, limitation or discrimination Familial status includes children under the age of 18 living with parents or legal custodians, pregnant women and people securing custody of children under 18. This newspaper will not knowingly accept any advertising for the rental or sale of real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertising in this newspaper are available on an equal opportunity basis.

To complain of discrimination call HUD at (206) 220-5170.

2 Bdrm house with loft on 1/4 acre, needs remodeled but is livable, asking $159,500. To view call 520-221-1607 or 360-840-3292.

10 - January 29, 2019

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7704 Silver lake road, MaPle FallS

$349,000

This home ‘lives bigger’ than its stated size of 1491 sq.ft., offering 2 beds, plus bonus room, 1 3/4 baths on a large lot with ample parking, a detached 2 car garage and a HUGE storage building. The kitchen has a large pantry, skylight and plenty of cupboard/ counter space. Master has a large shower with an oversized vanity and a walk-in closet. Living area features vaulted ceilings and ceiling fan. Main bath has 2 doors for easy access to the laundry room and the outdoors. This home is set back from the road and has a beautiful front yard or you can enjoy the privacy of the large yard in the Sherry Ruderman Patricia Box back, as well.

360-540-1552 Office Manager/Broker o: (360) 424-0300 MLS#1694535 C: (360) 941-9186

7308 HoBSon rd., BoW

$235,000

4969 Helena lane #2C78, lake tyee

$79,500

lotS 2&3 lakeSide drive, GlenHaven lakeS

Build your dream home on these two adjoining lots near Glenhaven community amenities: pool, clubhouse, tennis/basketball courts, outdoor exercise area, playground, enjoy nature with trails and trout stocked lake, 2 boat launches, community events; near several area lakes. Easy commute, 1/2 way between Mount Vernon and Suzanne Jenkins Carla Fischer Danya Wolf Bellingham. MLS# 1628528 360-941-2983 360-982-0010 360-708-8294

44947 kayak trail #2B36, ConCrete, Wa 98237

$74,900

Great location off of Bow Hill: lightly treed 4.27 acre tractonHobsonRoad,southofSamishHeightsRoad; and located on the west side of the street.

Level, beautifully treed building tract with wonderful sunsets. Power at road.

Danya Wolf 360-708-8294 MLS# 1572369

Looking out to Mount Baker and beautiful territorial views with your hot cup of coffee as you sit on your quaint comfy porch is just where you want to be after this crazy year. Start 2021 with the perfect get-away in the North Cascade Range Foothills. This almost brand new park model is nestled in Lake Tyee Recreational Resort. The loft gives you extra sleep space for guests and there is plenty of parking, as well. You’ll enjoy this quiet, peaceful and gorgeous location. Come take a look for yourself. 210 days/yr and $162/ mo dues includes water, septic and garbage. MLS1716532 Sherry Ruderman

Perfect time to snag this little piece of heaven at LakeTyee.

This comfortable park model with room addition is the perfect retreat. Imagine yourself snuggled up with a hot cup of cocoa and looking out the window as you see the giant snow flakes drop on the lake.

This is the year to do so. Beautiful properties have come and gone, but this one is for you!

Sherry Ruderman MLS# 1687797 (360) 540-1552

H Street rd., Blaine

44585 idaHo lane #1B42, ConCrete, Wa 98237

17180 MeMorial HWy MoUnt vernon $415,000

$1,200,000

Eighty (80) acres of mostly woods including Western Red Cedar and Douglas Fir, Cottonwood; Alder; and Birch; with one large pond great for duck hunting toward the northerly portion of the 80 acres, some meadows, one small beaver pond, plenty of walking trails or bring your ATV; and an old dug well near the old home site by the southerly edge of the property to the east of the gate. Future homesite/ Pasture land along the southwesterly edge of the property property.

Potential for up to 16 building sites. Shown by appointment.

Danya Wolf MLS# 1568051 360-708-8294

(360) 540-1552

$49,500

This beautiful piece of property sits along Grandy Creek. This lot has an RV and room addition to fit a large group. Enjoy the deck with gazebo while you listen to the creek. Or, sit by the fire pit while you relax and roasts some marshmallows for the smores. This one-of-a-kind location can be enjoyed throughout the year for get-aways. Dues $162/mo and enjoy for 210 days/year days/year. Comes with lots of amenities, water, septic, garbage and power. Sherry Ruderman (360) 540-1552 MLS# 1723545

i’m a Seniors real estate Specialist

$49,900

Every transition is an opportunity, regardless of your stage of life. By partnering with an SRES like one of us, you gain the help and experience of a Realtor® specializing in meeting the needs of home buyers and sellers 50+. We offer you the opportunity to complete your transaction with patience, professionalism and the expertise you deserve. We are pleased to be Carla Fischer Elva Hunter YOUR SRES® 360-982-0010 360-202-3086

2xxx UrBan avenUe, MoUnt vernon

Prime 1 acre level, commercial parcel, subject to boundary line adjustment.

MLS#1649968

Danya Wolf

360-708-8294

4629 Beaver Pond drive S.

Elva Hunter

Congratulations Danya, Carla and Sherry! 1102 SS. 21St. Street, MoUnt vernon

$349,000

Great 3 bedroom Mount Vernon ernon home on the tain Elemen Elementary and hill nearby Little Mountain iddle schools schools. Offers kitchen Mount Baker Middle with lots of cabinets, all appliances es included; updated vinyl windows,, fresh fr paint inside and out,, one car garage, gar large yard with patio, blueberr and marionberry bushes! tio, blueberry Yum! Parking for small RV or boat. Heat pump/central heating and air conditioning provides year round comfort. 325 square foot garage (per Skagit County Assessor).

Danya Wolf 360-708-8294 Mostly fenced. MLS# 1689654

SOLD 360.424.0300

$105,000

Start your new home on this private 13,929 sq.ft lot in Eaglemont with all utilities in the street, surrounded by greenbelt and wooded area for maximum privacy, wonderful neighborhood with beautiful homes, walking distance to Clubhouse and restaurant with awesome views and sunsets. Eaglemont is an 18 hole Golf Course Championship Public Course!

360-202-3086

6.98 acre tract zoned Rural Intermediate. Level acreage with great road access both from Memorial Highway and from Avon Allen Road. Stop light and curbs at the intersection. Special Use Permit potential.The Animal Hospital and an espresso stand is across the road to the west. 980 feet f along Memorial Highway (SR-536); -536); 620 feet along Avon Allen Road. Danya Wolf 360-708-8294 MLS# 1572330

They have each achieved a NPSAR ( North Puget Sound Association of Realtors) Award of Excellence for 2020! The Award of Excellence is given torecognizeRealtorsfortheir outstanding achievements and participation in the association, real estate and the community.

$600,000

veterans - i am pleased and honored to offer Carla Fischer 360-982-0010 a discount to our military. My family settled in the Skagit valley after my husband retired from the navy, so i am happy to help you navigate your new community.

3780 E. College Way, Mount Vernon

www.skagittraditionrealty.com 2041661

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