BILL REINSMA ~ RETIREMENT ~



After 30 successful years selling real estate, Bill Reinsma, is retiring! The office celebrated alongside Bill and his wife, Karen. We will miss seeing Bill’s smile and his wonderful sense of humor at the office. Well wishes & blessings to you, Bill.

SPRING HOUSING MARKET!


Not only has Spring sprung but the housing market has returned and is in full bloom! Our office has seen multiple offers especially on well priced new listings. Because of the lack of inventory buyers need to spring into action with their offer. There is nothing more frustrating than falling in love with a home and then discovering you can’t afford to buy it. Almost all first-time buyers need a mortgage to finance their home to purchase. When you are armed with the knowledge of what you can afford it focuses your search and allows you to make a move. With the competitive market get a pre-approval letter. A pre-qualification letter states the amount a lender thinks you’ll be able to borrow based on your income and credit profile.
If you are a buyer come visit The Muljat Group North! We have 20+ licensed Realtors® available to assist you with your property search. Because we get immediate notice of all hot new listings we can immediately notify you of a new listing and set up a showing appointment. With the lack of inventory buyers need to act quickly.
If you are thinking of selling…now is the perfect time because of a shortage of inventory. Let a Muljat Group North Realtor® represent you whether it be buying or selling!

TOP PRODUCER


Daisy Valladares was presented with the Top Producer award! Congratulations on your success, Daisy! You are a valued Realtor® – Keep up the good work.
Daisy Valladares | 360.223.9418

UPCOMING HOMEBUYER SEMINAR

Upcoming seminar for all first-time homebuyers! Washington State Housing Finance Commission-sponsored homebuyer education seminars are one of the first steps in purchasing a home. It is a free, open & unbiased seminar and includes information about the Commission’s first mortgage programs, downpayment assistance, and other loan programs; and are accepted by all affordable housing loan programs. Washington State Housing Finance Commission is a publicly accountable, self-supporting team that works with lenders, investors, developers, nonprofit organizations and more to bring private investment dollars to benefit families & achieve goals throughout Washington.
Please RSVP in advance:

Homebuyer Education Class

WHEN A LENDER DENIES YOUR MORTGAGE APPLICATION


Interesting article on Mortgage Applications….
“You’re ready to make an offer on a house, and your mortgage is denied. But as your mother told you, there are plenty of fish in the sea.”
Some jumbo-mortgage lenders, often smaller banks or credit unions, will be more flexible about the three key factors to qualify – credit score, proof of income and the percentage a borrower needs to put toward a down payment.
Lenders who reject a borrower are required by federal law to issue a written “adverse action notice” or statement of credit denial giving a reason for the denial. This document is issued typically within 48 hours after the verbal notification.
The top denial reason reported by lenders across both purchases and refinances was applicant credit history, according to the federal data collected from lenders under mandates from the Home Mortgage Disclosure Act. Other top reasons include a high debt-to-income ratio, a reflection of the borrower’s income relative to monthly payment amounts, and borrowers with insufficient collateral, also know as reserves.
Anyone changing jobs and purchasing a new home should obtain a guaranteed compensation plan in writing from the new employer.
Borrowers should also keep in mind that a mortgage denial doesn’t turn up on their credit report.
Of course, it’s always better to have one’s credit history in line before applying for a mortgage. Read the complete finance article by: Anya Martin, The Wall Street Journal, right here:
When A Lender Denies Your Mortgage – The Wall Street Journal

MOST IMPORTANT ROOMS TO STAGE

If you are getting ready to sell your home and are wondering what rooms to stage – especially if you are unable to stage every inch. The National Association of Realtors® 2015 Profile of Home Staging ranks the most important rooms to be staged, based on a survey of real estate buyer agent’s. Here’s how the rooms stack up:
1. Living Room
2. Kitchen
3. Master Bedroom
4. Dining Room
5. Bathroom
6. Children’s Bedroom
7. Guest Bedroom

Overall, the survey found that staging can influence buyers’ perceptions of a home and even the home’s perceived value.
If you are looking for selling agent that also is an Accredited Staging Professional, please call the Muljat Group North!

WHAT BUYERS SHOULD KNOW ABOUT HOME INSPECTIONS

For many first-time buyers, buying a home can be a scary experience. They know they’ll be maintaining or improving a home with little to no maintenance experience, so the solution is to buy a home in perfect condition. So they hire a home inspector to point out all the flaws.

The problem is — no perfect home exists. Air conditioners break, plumbing pipes leaks, and roof tiles blow off in the wind.

If you’re buying a home, start with a reasonable expectation of what home inspectors can do. Their job is to inform you about the integrity and condition of what you’re buying, good and bad.

A home inspection should take several hours, long enough to cover all built-in appliances, all mechanical, electrical, gas and plumbing systems, the roof, foundation, gutters, exterior, windows and doors.

An inspector doesn’t test for pests or check the septic tank. For those, you need industry-specific inspectors.

Here’s what else you need to do.

1. Make sure the inspector you hire is licensed. The responsibilities of home inspectors vary according to state law and their areas of expertise.

2. Ask what the inspection covers. Some inspection companies have extensive divisions that can provide environmental for radon and lead paint. Be prepared to hire and schedule several inspectors according to your lender’s requirements and to pay accordingly.
source: Blanche Evans, Realty Times, 1/28/15

BUSINESS OPPORTUNITIES!

Thriving Floral Shop in downtown, Lynden for sale! This store has a strong client base and sales. It is the only custom full service shop in town! Great Cash floor. All occasion floral shop for weddings, funerals, tuxedo rentals, plants, flowers, arrangements, gifts and delivery.

508 Front Street | Lynden | $79,900 | MLS# 727098

Liquor Store has been established for 27 years! Retail store for liquor, beer, wine, mixer & bar services in downtown, Lynden. Off-loading area and alley access on the back side of the building. Large receiving and staging area for filling orders.

610 Front Street | Lynden | $150,000 | MLS# 658417

2014 REAL ESTATE MARKET ENDED ON A HIGH NOTE!

Whatcom County’s real estate market ended 2014 on a high note.

Based on date from the Northwest Multiple Listing Service home sales and prices were strong in the beginning of the year, lagged in the middle, and finished strong.

Whatcom County – Median price, $280,000, up 7.7 percent; average price, $314,719, up 8.4 percent; units sold, 2,532, up 5.1 percent; DOM, 103, up 3.0 percent.

Bellingham – Median price, $298,883, up 1.3 percent; average price, $349,461, up 2.4 percent; units sold, 1,140, up 2.2 percent; DOM, 75, unchanged.

Birch Bay/Blaine – Median price, $230,000, up 3.6 percent; average price, $275,033, up 6.9 percent; units sold, 293, up 2.1 percent; DOM, 145, up 12.4 percent.

Ferndale – Median price, $267,500, up 0.9 percent; average price, $284,440, up 5.0 percent; units sold, 391, up 17.1 percent; DOM, 114, up 11.8 percent.

Lynden – Median price, $264,000, up 3.5 percent; average price, $287,131, up 4.3 percent; units sold, 225, up 7.7 percent; DOM, 105, up 8.2 percent.

Mount Baker – Median price, $135,000 up 28.8 percent; average price, $162,290, up 11.2 percent; units sold, 168, up 12.0 percent; DOM, 150, down 11.2%.

Nooksack Valley – Median price, $228,500, up 0.9 percent; average price, $237,667, up 5.2 percent; units sold, 104, up 19.5 percent; DOM, 98, down 26.3 percent.

Sudden Valley – Median price, $226,000, up 7.6 percent; average price, $235,361, up 5.4 percent; units sold, 160, down 0.6 percent; DOM, 112, up 3.7 percent.
Source: Bellingham Business Journal, Lylene Johnson

MAKE A MOVE IN THE WINTER!

The housing market doesn’t hibernate in the winter! Sellers who list and buyers who buy often find the winter season the most advantageous time to make a move in real estate, according to studies. Researchers say the winter market is less competitive for sellers since many people tend to wait until spring to list. The smaller inventory of active listings help sellers get more attention from buyers on their properties. Winter buyers tend to be more serious buyers. Source: “Best Time To List a Home for Sale? Want to sell your home during the holidays — Call a Muljat Group North Realtor®