realty anacortes

Residential Real Estate Trends To Watch In 2017

Market Conditions

It is an accepted rule within the real estate industry that the trends of today will eventually become the realities of tomorrow. Keeping this simple fact in mind it is easy to see why market conditions currently evolving in 2017 will have a big impact on buyers and sellers throughout the year and well into 2018. Here are a few trends in real estate at the national level that should be watched carefully by anyone purchasing a home in Washington State or anywhere else across the country.

Technology

Technology will continue to play a major role in how homes are bought and sold throughout the United States and around the world. Upgrading a home with the latest technology and state-of-the-art security as well as other modern conveniences can make a difference on how marketable a home ultimately becomes. Solar panels, homes that are highly automated and homes that make use of Internet equipped appliances will win the day in the current real estate market.

Pricing

One thing that can be said about modern real estate is that prices are always in a constant state of flux. While there are many predictions on where prices will go, ultimately the market predicts how homes will be best priced going forward. 2017 is expected to be a year where real estate prices will continue to increase as they did last year. However, price increases may be more intense in 2017 and going into 2018 as compared to previous years.

Communities

One trend that has been identified in 2017 that will likely become more pronounced later in the year and into the next year is that of “walkable” communities. As a growing number of young families flock to the suburbs, communities that offer many options for those who enjoy walking are becoming the new standard. In short, young upwardly mobile individuals are looking for homes in suburbia that are conducive to being in the great outdoors.

Millennials

Finally, at the end of the day one of the most powerful forces that will move Anacortes real estate markets and shape trends is that of the millennial generation. This demographic will likely power long-term demand for real estate for at least the next decade. Baby boomers and millennials make up the biggest group in history and will have a profound impact on real estate over the short and long-term. Many studies and statistics have indicated that roughly 1/3 of all homebuyers in 2017 will be comprised of baby boomers or millennials.

Contact Nicole Haun today to learn more about purchasing real estate in Anacortes, Oak Harbor or Mount Vernon Washington.

About Nicole

Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities.

Read our latest Press Release

Twitter Hash Tag #RealEstateInAnacortes

Follow Nicole Haun on Twitter @HomesAnacortes

Rejoice Renters: It May Finally Be Time To Buy

While there has been a slight uptick in interest rates, the cost of borrowing money for a home loan is still hovering near historical lows. In addition, there are many great opportunities across the entire real estate market just waiting to be scooped up. Those who have rented over the years will find that purchasing a home makes smarter financial sense. Building equity rather than paying off another property owner's home should always be the goal.

Highest Rate Seen In More Than Half A Century

Equally important to understand today is that rental costs are rising much faster than the value of homes. Studies have indicated that renters account for nearly 40% of American households. It is not surprising that this is the highest rate seen in more than half a century. These facts alone point to a potentially massive exodus of people out of renting and into becoming first-time home buyers. Most importantly, those who plan to stay in one location for 10 years or longer following a real estate purchase will fare much better by simply choosing not to rent.

Visually Compare Affordability Factors

One way of determining whether buying a home is a better option than renting is to use any number of online calculators designed to visually compare affordability factors. For example, Bankrate.com makes available one such calculator found here Bankrate.com Calculator. As a final note, purchasing a home develops better discipline in terms of saving and protecting an asset for the long-term. New homeowners must also factor in the discipline required to pay homeowners insurance, property taxes, association fees as well as upkeep and other expenses. The reward for this discipline is often generous growth over the years in home equity.

Homes For Sale In Anacortes Washington

At the end of the day, buying a home and building equity for the long-term ensures lifelong financial stability as well as the great feelings that pride of ownership brings. In short, being a homeowner and owning rather than renting simply feels good. Contact Nicole Haun today by visiting Realestateinanacortes.com to learn more. Nicole has an in-depth knowledge of the Oak Harbor real estate market and homes for sale in Anacortes Washington. She is a buyer’s agent as well as a seller's agent with a proven track record in helping clients achieve the real estate goals, objectives and dreams.

Read our latest Press Release

Twitter Hash Tag #RealEstateInAnacortes

Follow Nicole Haun on Twitter @HomesAnacortes 

Quick Tips For Selling Your Anacortes Home

Regardless of how many homes you've sold in the past, it is always an exciting proposition to successfully sell a piece of real estate. That said here are some quick tips for selling your Anacortes home regardless of the price or the location. First of all, getting good representation in preparing to sell your home can go a long way in being a successful seller. Carefully choose your real estate agent based upon trust, reliability and a proven track record. A realtor with a solid marketing plan and a history of successfully negotiated sales is highly recommended.

Anacortes Real Estate Agent

In addition, always ensure that you are priced right when selling your home. Price a home according to the current market conditions in your local neighborhood or area. Beware and exercise caution if overpricing a piece of real estate. This can cause potential buyers to bypass your home and move on to other properties. An experienced Anacortes real estate agent can offer a highly competitive price analysis based upon "comps" in the local area. This will help to ensure that your home is indeed priced right.

Renovation Project

Never underestimate the power of updating and upgrading your home prior to listing it for sale. While a complete renovation project is typically not required, consider updating specific areas of your home that are dated or tired. Simple things like replacing a kitchen countertop or adding hardwood flooring to key locations in a home can make the property far more attractive to buyers. Even something as simple as replacing worn carpeting and lighting fixtures can quickly add a touch of dynamic appeal so that the home is more interesting to those shopping for the perfect house.

Anacortes Realtor

Finally, professionally "staging" a home that is to be listed for sale is becoming all the rage today. Consult with a professional stager as a way to maximize your home's sales appeal. Removing clutter and adding splashes of color and stylish accents can change the entire dynamics of a home almost immediately. Home stagers are well versed in creating the perfect look so that a home sells quickly. Plan to clean up your yard and sell, giveaway or toss things that you are no longer using. Try these great tips next time you plan to sell a home in Anacortes Washington. Contact Nicole Haun for an Anacortes realtor with a proven track record. Call today!

Read our most recent Press Release

Twitter Hash Tag #RealEstateInAnacortes

Follow Nicole Haun on Twitter @HomesAnacortes 

Best Kept Home Buying Secrets

Getting the most out of the home buying experience can be as easy as knowing a few best-kept and secret home buyer tips. For example, one excellent way of ensuring that you are making a good purchase is to simply consider having a survey completed on the property. A survey is essential because it will indicate exactly where the property line is located helping you to know precisely what you are buying. This will avoid potential border disputes with your new neighbor.

Home Inspection

Equally important is to always choose to have a thorough home inspection performed. While only costing a few hundred dollars, a home inspection can ultimately save a homeowner thousands of dollars. Imagine buying a car without even looking under the hood. Virtually no one would recommend this course of action and that is why it is always recommended to get a professional home inspection performed as a way to detect issues, problems or defects with a house.

Structural Problems

In addition, when preparing to buy a home try to keep emotions out of the decision making process. For example, overlooking structural problems, financial related issues or anything else for that matter simply because you have fallen in love with a home is not usually the best strategy. Stay impartial, objective and view any property from strictly a logical perspective. This will guarantee that you make a better and more informed buying decision. Many failed financial decisions have been made by people over the years simply because they allowed their emotions to control their home buying decisions. Always remember that buying a home should be considered from an investment angle.

Sleeper Costs

Finally, be aware of and avoid sleeper costs when possible. While paying a mortgage is far better than paying rent in terms of long-term financial stability, there are other costs and expenses involved with owning a home. As an example, utilities, property taxes and even home-association dues can increase your monthly outlay and must be taken into account. The cost of repairs, maintenance and increases in property taxes or homeowners insurance must also be considered. Always calculate your budget to include sleeper costs so that you will not be overburdened financially when purchasing a home. Contact Nicole Haun or visit our new website Realestateinanacortes.com to learn more. We help make buying an Anacortes home easy, convenient and affordable.

Find our latest Press Release Here 

Hash Tag #RealEstateInAnacortes

Follow Nicole on Twitter @HomesAnacortes