2011 is going to be a great year for real estate. We just got the December numbers back and home sales are up! The timing couldn’t be better for people to start having confidence in buying a home or investment and income properties.
This is encouraging, because of a surprisingly slow spring and summer market in 2010. I know personally I have notice a drastic increase in phone, and Internet activity and subsequently increased in sales activity, especially in the last week or two.
“ Pretty catchy title. While Bellingham is not on the list Seattle which has much more higher priced properties and similar rents to ours is on the list of being on the line. Based on information that we have gathered it is definitely feasible to move from a moderately priced rental home or condo and be able to find a reasonable replacement for close to the same amount as rent. Not including the additional bonuses of tax savings and other financial benefits you receive when owning a home. Contact us at info@livewhatcom.com if you would like to know more about these benefits, or contact your CPA or other tax professional.
Roof Structure
Exterior Items
Crawl Space
Fireplace
Furnace
Interior
Plumbing
For other useful home inspection information including our popular
RESIDENTIAL CONSTRUCTION AND REMODELING ESTIMATES GUIDE
go to www.PillarToPost.com or call us at 360-392-8731 or toll free 866-350-POST.
How efficient is your home? Is an Energy Audit for you?
Since we live in a cooler climate we are usually more concern about heat lose form the home. One step a person should do is to ensure that here is the correct amount of insulation in the walls and attic. Not only can not enough insulation cause heat lose but, compressed, wet, or missing insulation can also contribute to heat lost. Areas were there are electrical or phone jacks are potential areas for heat lost as well. This also includes plumbing and venting for the home. And don�t forget to inspection the weather stripping around your doors and ensure it is in good shape. Your windows should also be chalked and sealed inside and out. Doors and windows are weak points in your home so special attention should be taken.
The next step to reducing ones heating bills is to make sure your heater is in good working condition. The ducting in a central heating unit should be inspected for holes or damage. Un-insulated and faulty ducting should be identified and fixed to reduce the amount the furnace has to work. Baseboards should be kept clean and should have plenty of space around them to radiate heat into the room.
So how does one go about checking if there is the correct amount of insulation, or if there is heat lose for the home? Having an energy audit that includes thermal imaging will identify any areas of concern. A thermal imaging analysis of your home will show you right away where you can make improvements. An energy audit will show how you are using your utilities and ways you can save on them. A complete energy audit can shave hundreds of dollars off your utility bills year after year.
If you would like further information on how to better weatherize your home please contact Jim at Sustainable Energy Solutions. I would be more than happy to schedule an energy audit or send some information your way.
Home Affordable Refinance Program (HARP)
Mortgage interest rates for conventional purchase and refinance transactions continue to be at all-time historic lows. What if a current homeowner wishes to take advantage of the low interest rate environment, but his home no longer holds the amount of equity it once did? What if he bought his home with 20% down, but his home is worth 10% less now? What if he owes more than his home is actually worth? If the homeowner has a strong credit history, stable employment, and can demonstrate the ability to make regular monthly mortgage payments, he may be eligible to participate in the Home Affordable Refinance Program � despite the deterioration in value of his home.
General HARP eligibility criteria include:
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Fannie Mae: |
Freddie Mac: |
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1-800-7FANNIE |
1-800-FREDDIE |
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www.FannieMae.com/loanlookup |
www.FreddieMac.com/mymortgage |
· The existing loan closed prior to February 28, 2009 (Fannie Mae) or May 31, 2009 (Freddie Mac).
The HARP program is available through June 10, 2011, but homeowners should contact an experienced an knowledgeable mortgage loan officer today to take advantage of this program, and truly historically low interest rates.
Additional information and a no-obligation, eligibility analysis can be obtained by calling Tyler Olson at 360-752-8268, or via email at tolson@bannerbank.com. Interested homeowners can also apply for a HARP refinance directly at http://tolson-bannerbanklo.mortgagewebcenter.com/
We all are completely aware that the real estate market has seen better days in the last few years. The media is doing a good job confusing us all of what is fact and what is perception. It seems that you as a reader or watcher have a choice to fallow the many articles for or against home ownership in the current market. Is the “American Dream” of home ownership still alive or should we be striving for something else? We believe it is. There are definite benefits in home ownership as investment, personal, cultural and direct financial reasons.
We want to hear from you. What is your advice for someone looking to buy their first home? How much do you value home ownership vs. renting? If you are a first time home buyer or are reentering the real estate market what are the questions that you have or your concerns? Is there any information that we can provide to you that would help address concerns or reinforce positive reasons?
It is time again for the annual no clearing, no dirt disturbance and no digging ordinance to go in affect. Every year for the past few years the area surrounding Lake Whatcom both in the city of Bellingham and unincorporated Whatcom County (known as the Lake Whatcom Water shed) Restricts land disturbance from the 1st of October until the 31st of May.
If you live inside the Bellingham watershed many of you may know that there are restrictions as to when you can clear land. This article taken from the Bellingham Herald will give you a clear idea of when and what you can do within the watershed. You can also visit http://www.cob.org/services/environment/lake-whatcom/index.aspx for further information.
BELLINGHAM – Restrictions for land clearing in the Lake Whatcom watershed will take effect Friday, Oct. 1, and after that date landowners could be fined up to $1,500 per day for violations.
Read more: http://www.bellinghamherald.com/2010/09/27/1635722/bellingham-land-clearing-rules.html#ixzz10l1g03Bh
Please share with us your stories of �Living Whatcom� and we will share them with the community. Email us at Info@LiveWhatcom.com