Escalation Clause With Competing Offers


It’s a hot real estate market! The brokers at the office are dealing with competing offers and some buyer’s are willing to pay more that what the seller is asking. With multiple-offer situations, we see escalator clauses being more widely used. Adding an escalation clause to your offer is strategy you can use when competing with another bidder. It is designed to keep your offer competitive and there is no guarantee that the seller will accept your offer, even if it is the highest bid. A seller is free to accept the offer they choose to work with. In some instances, a seller sees a lower cash offer being better than a higher financed offer. Buyers should write an escalation that retains an appraisal contingency, so that the actual price will conform to the lender’s appraisal.
Check out the graph depicted showing the median amount of days that homes are on the Market – Whatcom County being the green line and the red line being homes in Lynden. What a difference from 2015 to 2017!
Call our office 360.354.4242 and we will set you up with a licensed Realtor that knows the Whatcom County real estate market. It’s a seller’s market out there – don’t hesitate!

10 Tips To Increase Your Home’s Value!

home value

#1. Fix All Repairs! Remember that not all improvements are cosmetic. Fixing roofs, inspecting for termites and hidden water leaks are just some of the things to keep an eye out for. Consider hiring an inspector to help.
#2. Add Fresh Paint. Simply purchasing a $25 gallon of neutral paint (to appeal to a broader audience) you’re enhancing the value of your home by making it look clean and updated!
#3. Replace Carpet. Replacing old, dusty carpets with new ones or wood floors improves air quality & creates a modern look!
#4. Low-Maintenance Landscaping. Planting trees and shrubs adds valuable curb appeal & is great for the environment!
#5. Enhance the bathroom. If you don’t have the money to make large bathroom upgrades like replacing old toilets and showers, try simply replacing outdated wallpaper or upgrading the rest of the décor.
#6. Upgrade, Upgrade, Upgrade! Don’t stop at upgrading the bathroom! An upgraded kitchen adds a TREMENDOUS value to your home! Again if you can’t afford big upgrades simply replace a countertop or paint over your cabinets with a new paint finish. Consider upgrading other rooms in your house as well!
#7. Consider a Ceiling Spruce. 1/6 of your room’s total area is the ceiling. Again, even if you don’t have a lot of money, consider adding a molding or box beams to increase the value of the room by improving the look of the ceiling.
#8. Create a Welcoming Entrance. Consider going to a home improvement store to give your old, outdated front door an attractive replacement. Front doors should compliment your home’s overall design.
#9. See the Light! Consider hiring an electrician to add lights to rooms that are dim or smaller than others. Adding lights make the rooms look larger and shows you have nothing to hide.
information by HGTV

Annual Spring Craft & Antique Show

Lynden Craft show 2
Lynden Craft Show
The first day of Spring is next week Monday! We are so excited as we were hit with a ton of snow and rain this winter. The snow was beautiful but it lingered on and on. I know that I’m ready for some sunshine, how about you?
If you are anticipating Spring you may want to check out Lynden’s 31’st Annual Spring Craft & Antique Show. It starts today at the Northwest Washington Fairgrounds in the Expo Building. Meet local artisans and be inspired by all the creativity. Enjoy all the fabulous booths featuring handcrafted wares, home and holiday décor, gourmet food, re-purposed and up-cycled vintage treasures. It truly is one of the largest shows of its kind in the Northwest. Meet over 100+ artisans who will inspire you with their creativity. Do you enjoy handcrafts, antiques and original art? Looking for home décor to spruce up your home? Well, please visit the Craft and Antique Show ~ you won’t be disappointed! For more information click the following: Lynden Craft and Antique Show
Thursday & Friday Hours: 10:00am – 8:00pm
Saturday hours: 10:00am-5:00pm
Admission: Adults $6.00 | Senior (60+) $5.00 | Children 12 and under are free | free parking & return privileges

Whatcom County Home & Garden Show

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The 38th Home & Garden Show is happening this weekend at the Northwest Washington Fairgrounds – Henry Jansen Ag Building.
It’s scheduled to run from Friday, March 3 through Sunday, March 5.
Approximately 150 vendors will be present, says the sponsoring Building Industry Association of Whatcom County.
It’s a great place to talk to local experts on home design, gardening & home building.
Popular gardening expert, Ciscoe Morris, will be speaking at noon on Sunday.
Date night is Friday and Saturday will bring live comedy and music.
So if you have a free weekend, why not check out the Home & Garden Show in downtown, Lynden!

Whatcom County Water Rights

The Washington Supreme Court decision in Hirst et al. vs. Whatcom County, WA Sup. Ct. No. 91475-3, took away the right of rural property owners to develop small household sized wells. This case, you may recall, concerned Whatcom County’s use of exempt wells to allow construction in the unincorporated portions of Whatcom County, particularly in areas where the watershed had not been closed. The County argued that it was able to rely on the Dept. of Ecology’s determinations concerning water availability to make such decisions and to grant permits for construction where the water would be provided by an exempt well.
The Senate’s effort to save household wells was highlighted at a hearing Tuesday, February 21, 2017, before the Senate Ways and Means Committee. Property owners from Whatcom County and elsewhere said they have been devastated by the Supreme Court’s decision last fall that took away their rights to drill wells, and with it, their right to build on the land. A vote on SB 5239 is expected this week.
A hearing in Olympia makes a compelling case for household wells, property owners. Please watch the following Hearing:


Follow effort to save household wells on Washington State Senator, Doug Erickson’s, webpage: Senator Doug Erickson Webpage

Housing Market 2017

housing-2017

These 3 trends will shape the housing market in 2017

1. Rates: In December, the Federal Reserve raised interest rates for only the second time since 2006, and a majority of the members of the Fed’s rate-setting board predict there will be three more increases coming in 2017.

2. More Credit: Though mortgage rates may fall, mortgage credit will likely be more widely available due to slightly looser lending standards. The Federal Housing Administration will likely lower fees it charges first-time homebuyers. In addition, starting in 2017, government-owned mortgage companies will begin backing large mortgages for the first time in over a decade, making it easier for buyers in expensive markets to finance their purchases.

3. More New Homes: The overall trend in home construction is clearly positive, with the average annual rate of new groundbreakings reaching a 1.163 million rate so far in 2016, up about 5% from 1.108 million in 2015. Expect this to continue in 2017, as home buyers are encouraged by higher wages, looser credit, and increased demand from buyers.

According to 2016 data from the Northwest Washington Multiple Listing Service the average listing price for a 3 bedroom home in Lynden was $317,3999. The average sold price for a 3 bedroom home in Lynden was $310,954 and the the average square footage: 1,835.

So will you be jumping into the 2017 marketing market? The mortgage rates are still low and if you have strong credit we encourage you to take the plunge. Really, any day is a good day to invest in real estate. Call our office and talk to a licensed and experienced, Realtor®, whether it be purchasing real estate or selling real estate. We have an onsite mortgage consultant, Casey Porter, Caliber Home Loans who would gladly answer your mortgage inquiries.

fortune.com/2016/real-estate-trends

Caliber Home Loans

We have a new on-site Loan Consultant. It’s been a welcome addition to have Casey at the office! Casey will provide you with superior and personal expert guidance throughout the home financing process.

Casey Porter, Caliber Home Loans
Tel: 360.398.5834
Mobile: 360.510.2840
Email: casey.porter@caliberhomeloans.com
Office location: 505 Front Street, downtown, Lynden
Website: Casey Porter Caliber Home Loans
cporter

Kid’s Design An Ad Contest – Lynden Tribune Newspaper

We want to thank all the 5th grade kids from Isom Elementary that participated in the Design An Ad contest. We enjoyed all the entries that were designed specifically for our real estate office. The winner we chose was created by, Khushi. Congratulations Khushi!! We loved that you had our company logo, office contact information and the tag line……”Come to Muljat Group where we get your house sold in no time” design-an-ad-2016-winner43

Lynden – 2016 America’s Main Streets Contest Winner

Independent We Stand created a beautiful video showcasing Lynden! It pretty much sums it up why the City of Lynden won America’s Main Street competition this past July. New businesses have started up, the population is growing, and we have new schools being built. So much progress since the 2008 fire in Delft Square. Once you visit Lynden you will be drawn back! Our office is independently owned and has been located in Lynden since 1925. Our Realtors® would be happy to assist you in your property search today!
Bringing Lynden to you – watch the following video:

Real Estate Market Heating Up Locally

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On June 29, 2016, Jerry Blankers, from our firm was interviewed by Tim Newcomb of the Lynden Tribune Newspaper about the hot real estate market. Here are some of the highlights from the interview.

Right now, anything under $400,000 in Lynden is selling well, fitting into the sweet spot of single-family housing. Jerry Blankers, managing broker for Muljat Group North said that as inventory remains short – “there’s not a lot out there” – and interest rates hold low, often under 4 percent, prices of homes have begun to increase. That said, predictors of rising interest rates have moved buyers into the market. “If people are going to get in, they better get in,” Jerry says. “Inventory is down, almost scary low. There is not a lot out there.
As prices go up, the low interest rates still make it affordable to buy. You buy according to what you can afford. If rates go up, it makes a huge impact on what you can afford to buy. It isn’t only homes in Lynden selling well, as property – both residential and commercial has strengthened across north Whatcom County. The local uptick really started earlier this year with the prediction of higher interest rates by the end of 2016, and the initial wave of higher pricing on homes started in Bellingham and few months before moving north.

So if you are planning on buying a home you better jump right in! Contact a Muljat Group North Real Estate Broker today, 360-354-4242