2014 Lynden Music Festival

Real Estate

The Lynden Music Festival starts this week and will be all
over town! Join us for a street side
concert featuring Two Buck Chuck in front of our office on Friday, October 10
starting at 2pm.

The purpose of the “Claire de Lune” Lynden Music Festival is
to celebrate Lynden and its musical heritage, paying tribute to musicians who
have greatly contributed to enriching the Lynden community with music. The Festival exists to bring established
talent from the local, national and international stage, and benefit the
Pacific Northwest community with an exceptional blend of diverse musical styles
and cultural influences.

For more show times and performer information, please visit
the festivals website at : http://www.lyndenmusicfestival.com/

NEW LISTING

Real Estate
561 W Bakerview Rd, Bellingham WA 98226 | MLS 698722 | $ 779,000
2.27 Acres in rapidly developing commercial area with high traffic count! This is a prime location wiht 163 front footage on W Bakerview which provides easy access to the Bellingham International Airport, Bellis Fair Mall, Whatcom Community College and I-5 access. Also close to multiple new hotels, Fred Meyer shopping center and the proposed new Costco.
For more information and pictures click on link: https://jerryblankers.com/698722

HOMEBUYER EDUCATION SEMINAR

Real Estate
PRESNETED BY:
Attend our FREE Homebuyer Education Seminar and receive your certificate from Washington State Housing Finance Commission (WSHFC) allowing you access to several special loan products offered. This seminar is a 5 hour course that will cover everything involved in the home buying process from start to finish.

Upon completing the seminar, home buyers will have learned how to determine how much they can afford, identify a predatory lender and select the right loan product. Buyers will know how to shop for a Realtor, negotiate the purchase price and get the best home for them.
Our next class will be held:
OCTOBER 4TH
9:00AM-3:30PM
2200 Rimland Dr. #110

Bellinghma, WA 98226
FREE lunch will be provided. You must pre-register to attend. Please contact me at (360) 410-1297 or jerry@jerryblankers.com to get registered. You may also contact the instructors to get registered:
Danielle Groeneweg | (360) 483-6490
Dustin Brumley | (360) 389-6605

CRUNCHING THE NUMBERS

Real Estate

You recently read here about formulating your offer based on the information included in a CMA (Comparative Market Analysis). You can fine-tune that offer by applying current market trends. Trends may vary by region, state, city and even the neighborhood, so do your homework.

You and your agent can study a lot of available statistics- the CMA, local listings’ DOM (Days on Market), and list to sale price ratios. The CMA compares similar properties, while the DOM figure gives you an idea of whether you’re looking at a buyer’s market or a seller’s market (in which you’ll have more competition and less negotiating power). If possible, look at DOM for listings within a mile of the home you want to purchase-it’s that area-specific.

Let’s move on to the average “List Price to Sales Price Ratio” (LP:SP). Like it sounds, it’s simply a percentage based on how closely the final sales price corresponds to the price at which the home was listed. A house that sells for the asking price has a LP:SP ratio of 100%. So a house that lists for $175,00 but sells for $160,00 has an LP:SP of 91%.

Look at these ratios for the homes on the CMA that most closely match yours and you’ll have a sound basis for what percentage of the list price to offer.