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Bainbirdge Island Properties

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Selling a Home: What Makes Your Property Stand Out?

This summer, success in selling a home on Bainbridge Island will depend upon the same factors as always: location; quality; buyer appeal.

A home’s location—short of calling in the house movers—is pretty much what it is. The structural quality of workmanship and the level of maintenance that it’s received though the years can be gussied up where it shows (and should be!), but that, too, is largely a done deal.

Which leaves that other factor in selling a Bainbridge Islan home—the little things that reach out to appeal to buyers. The difference between receiving a swift offer and not can hinge on what makes your home more desirable than others in its price range.

A good example is with closet space. Any property with a closet organization system will carry great appeal to a large number of prospective buyers. Likewise, advanced technological touches can stick in buyers’ memories at the end of a long day of house tours. They don’t even have to be expensive or whole-house systems: a simple programmable thermostat that can be accessed on a smart phone can be an interesting selling point that sticks in the memory. It’s the kind of touch that isn’t a great deal of trouble to install—but it can provide the edge that makes selling your home that much easier.

More extensive tech-savvy features, like tricked-out media rooms or home offices wired to the hilt, are also very hot right now (especially for today’s younger homebuyers) and can provide the edge you’re looking for—if.

What’s the “if”?

If when you are readying your home for showings and open houses, you-

  • Prep to emphasize each of these special features (like leaving that system-organized closet door open with the light on);
  • You make sure your agent is in the loop, ready to showcase key elements; and
  • Stage to bring out less visible features—whether it’s printing up a list of newly-refurbished utilities or setting out a wine bottle and glasses with a note to “be sure to check out the killer wine cellar downstairs”

It’s also possible that some appealing features are ones that you take for granted; you’ve simply gotten used to them, yet they ought to be emphasized. Often those are details that your agent will be helpful in pointing out. Whatever is unique and desirable will make selling your home that much easier.

If you will be selling your own Bainbridge Island home this summer, I hope you will give me a call. There’s never an obligation, but if you wish, we can go over your property to uncover the marketing options that will make it a stand-out: the one with the edge!

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Taking Advantage of Bainbridge Island Commercial Property Opportunities

This year, it looks as if the busy spring real estate season extends beyond the residential arena. Latest reports show commercial property sales on the rise throughout the nation—and in volumes that make it one of the main contributors to the overall economic upturn.

The most reliable data comes from the National Association of Realtors®, whose latest quarterly survey shows year-over-year sales increasing a full 11% (with prices rising 4%). It’s an encouraging backdrop for businesspeople and individual investors who are gauging the opportunities in today’s Bainbridge Island commercial property market. Despite the vagaries of the tax and political climate (it is an election year, after all), with rental rates increasing and leasing activity up across the nation, the market does invite a closer look by anyone considering a fresh entry into Bainbridge Island’s commercial property arena.

While working with a buyer’s agent to find and purchase a Bainbridge Island commercial property isn’t an absolute essential, it certainly can be more efficient to have professional assistance and guidance throughout the process. When you choose a Realtor who has specifically commercial experience on Bainbridge Island, you make the same kind of choice as when you seek expert help in any other area of your business or personal endeavors—an expert’s insight can be priceless!

 Whether you are buying or selling a commercial property, it’s also important to avoid fixating on short-term impacts. Today’s cash flow may be your leading financial factor, but balancing with the long-term impacts is a juggling act worth mastering. Buying or selling a commercial property has long term impacts that spread out well beyond this year’s bottom line. Don’t hesitate to discuss your current business model with your accountant or tax professional. They are sure to have concrete ideas about potential impacts that will be quite real five and ten years from now. The right commercial property on Bainbridge Island will be one that is able to accommodate your needs both now and into the future.

With the right agent and clear-cut financial goals, your search for a Bainbridge Island commercial property can result in the best financial move you make this year—or for many years to come.  If you’re weighing the value of purchasing a commercial property or placing your own for sale, call me to open the discussion about the opportunities in today’s market.

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A Real Estate Agent on Bainbridge Island —Willing to Share a Thing or 3!

Real estate agents on Bainbridge Island are true veterans when it comes to every aspect of what needs to take place for a home to be sold. We know in advance what all the pieces of the puzzle are, and what needs to be done for them to fit together properly. We’ve also seen why some homes stay on the market for too long, while others get snatched up right away. And the best part is—we want our clients to know all those same things!

Every rule may be made to be broken, but here are three generalities that just about every Baibridge Island  real estate agent will probably agree are worth knowing:

1. Where speed is important, price your house just under the market. As real estate values strengthen, sellers are growing more confident about the value of their offerings—even as prospective buyers continue to believe it’s a bargain-hunter’s market. That’s a terrific opportunity for sellers who realize that by simply setting their asking price just below what an optimistic, “let’s just see what happens” price, they can peg their offering to attract the serious buyers ASAP. It’s axiomatic: the longer a house is on the market, the less likely it is to close at its asking price. The best strategy, always: sell as quickly as possible.

2. A buyer needs to walk into your house and find that it looks great. It may seem like a trivial detail to you, but real estate agents on Bainbrudge Island know that even incidental atmospherics—little things that you’d think a buyer would know they can easily rectify—can instantaneously repel buyers. So make your home smell great! Establish a clean, fresh scent and be diligent in renewing it for every showing (after making sure any clutter is tucked away!)

3. Your Bainbridge Island  real estate agent will help speed the process of selling your home, but there are some parts of the timeline that can’t be rushed. Know in advance: the process takes time. It takes time to get your home in shape, make the necessary repairs, list it on the market, negotiate an offer, then proceed through all the paperwork, observing successive deadlines set to allow proper execution. Here’s another area where your real estate agent will be a great resource for dependably establishing exactly what to expect—and when to expect it.

If you will be seeking the right local real estate agent to make this summer your own hot selling season, I’m standing by to make it happen. Call me!

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Native Plants for Bainbridge Island Conservation

The sun is coming out and the spring flowers are abloom.  This is a perfect time to come by and grab some native plants to revamp your garden.

New this year, there will be a native species class led by John Van Den Meerendonk, owner of Botanica Inc.  be sure to stop by the plant sale from 11am – noon to learn about the importance and advantages of using native pants for restoration and landscaping.   John will discuss attributes and selection of native trees, shrubs, groundcovers, perennials and ferns, as well as give you a brief overview of their place in the landscape.  There will also be free restoration and landscape classes at the same time.

Support the Bainbridge Island Land Trust by stopping by Saturday April 12 from 9am to the new location – The First Baptist Church (corner of Madison and New Brooklyn, across from the fire station).

To see photos and descriptions of plants, check out www.bilt-store.org

Proceeds from our Native Plant Sale go to the stewardship of Bainbridge Island conservation lands. 

www.bi-landtrust.org
206.842.1216

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Finding Bainbridge Island Properties for Sale With Investment Potential

What’s the difference between any home and what is called an “investment home”? Generally speaking, they are properties for sale that are purchased in the expectation that their underlying value will appreciate. Whether you choose to live in an investment home or rent it out, the prospect of growth in its value is the determining factor. (You’d be right to notice that if you can rent it for more than its cost, it’s also a good investment — but kindly forget about logic, we’re talking real estate lingo here).

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For purposes of this discussion, an “investment home” is one whose underlying value grows over time. Next question: how do I find one of those?

While there is no fail-safe way to isolate Bainbridge Island properties for sale that will guarantee you can just sit back and watch it increase in value, there are rule-of-thumb characteristics that point to homes and neighborhoods that can help investors predict the direction of future value. Some of them are

  •    Look at homes in an area that shows steady population growth
  •    Look for above-average rental prices
  •    Pay attention to the infrastructure in the area (and avoid properties in under-maintained neighborhoods)
  •    Avoid homes in the top 10% of the price range
  •    Build a lasting relationship with a good real estate agent who will ultimately be able to help you decide when to sell
  •    Choose a home that isn’t in need of major structural repairs

About that last point: when you are searching for properties for sale in Bainbridge Island, you should expect to do some maintenance and renovation work. An investment home’s value can take the biggest leap when a new owner applies a bit of smart fixing-up to enhance its livability while forestalling long-term maintenance issues.

Not all properties for sale in Bainbridge Island are good candidates to qualify as investment homes – even those that would provide excellent accommodations for your family. However, when you target investment value from the start, the financial rewards can be well worth the scrutiny.

So…how else can you find one of those?

Short answer: call me today!

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