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Waterfront Homes on Bainbridge Island

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Sound Backwards? Upsizing as an Empty Nester’s Choice!

The children have grown; home feels…a little empty…

Many people assume that an empty nest means it’s downsizing time—time for a smaller house or condo. In truth, for many a homeowner in Bainbridge Island, downsizing is just one of a number of appealing directions.

It may sound obvious, but it’s your interests and plans that should guide your next step. After a lifetime of deferring to other people’s priorities, many of us are ill-prepared to think creatively about what it is we want. When we do, downsizing might not necessarily be the springboard to life’s next great adventure.

For instance: consider Upsizing. Moving a smaller family into a larger home may sound backwards, but if you have special interests or hobbies that call for a lot of space, now may be the chance to add the workshop, rehearsal space, or studio you’ve always longed for. A larger home can also provide space for guests when the family (and it might be a growing one!) comes to visit.

Have you always wanted to live near water, or be able to step out on the front porch any time of the day to drink in a panoramic view of the mountains?

Or maybe the reverse, and you’d like to sample life in the city—urban living, with its museums, shows and restaurants on every corner. Alternatively, perhaps it’s time to look into one of the increasingly-popular planned communities; one built around a golf course, or one emphasizing social activities, clubs and outings that cater to older adults

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The serious point: dream a little! If not now, when? With the children out the door, this could finally be a chance to indulge yourself. Raising a family means putting other people’s needs first. Now it’s your turn. A luxury home or condo could have the amenities you’ve always wanted—a swimming pool or home spa, designer furniture or classic architecture. Your empty nest may give you the chance to own the kind of home you’ve only daydreamed about.

Among the down-to-earth details you’ll want to consider before acting—

•  Whether you’re truly ready to leave your Bainbridge Island home and community behind

•  The real estate market and comparative housing values in Bainbridge Island and in alternative venues

•  Health issue implications now and (as much as predictable) into the future

Finally, give yourself time…enough time to be sure that the home ownership path you choose is one that’s most likely to prove rewarding. And remember, too, that I (or a qualified Realtor® wherever you land) is your invaluable resource. Do give me a call whenever you want to investigate your choices.

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Steps That Boost a Bainbridge Island Home Buyer's Negotiating Power

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When a Bainbridge Island home buyer first finds that single-family homes and condominiums have been getting pricier, it shouldn't be a surprise. Nationally, the median sales price is still well below the record $230,400 reached at the height of the housing boom but that gap is shrinking.

If you're a future home buyer in Bainbridge Island, you can take steps to improve the situation. One way is to increase your negotiating leverage - to turn yourself into a highly desirable buyer from the seller's point of view.

Show You're Financially Attractive: Maximize your negotiating power by getting yourself pre-approved for a mortgage loan. This is a step beyond merely becoming pre-qualified. To become pre-approved, a mortgage lender pulls your credit, studies your income, debt and employment history, and determines the size of the mortgage loan you can handle. A seller prefers working with a Bainbridge Island home buyer whose agent can present a pre-approval letter. It increases the odds that a sale won’t fall through at the last minute.

Know the Bainbridge Island Market: You’ll have a better chance of convincing a sellers to lower the asking price if you are armed with the sales prices that similar homes in the market are fetching. If a seller is asking $20,000 more than is typical, your agent will be able to present this fact in negotiations.

Prepare to Offer Something: A seller is usually more willing to come down in price when he sees a concession or two from you. A home buyer can, for instance, agree to a later or earlier closing date to accommodate the seller. You might also agree to overlook some needed repairs. Especially on fixes that might take a lot of time, such a concession can have a meaningful impact on the bottom line.

Be Realistic: Don’t ask for too much. Asking sellers to lop off 30% is more likely to scuttle negotiations than lower the price.

A home buyer in Bainbridge Island will still find some great deals out there. With the short fall selling season upon us, if you’re considering buying, call me today to get the search going!

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Bainbridge Island Real Estate Market: March Madness is continuing through April

Last month's ending numbers showed a inventory of 200 homes and 44 pendings. As of today, there were only 184 single family homes for sale and 80 homes pending! That is a significant increase and certainly shows the Spring season is here and strong. Inventory is low (supply down! demand up!). If you are considering buying or selling, please give me a call or email me!

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Kristi Nelson, Founding Member, Realogics Sotheby's Int'l Realty, Bainbridge Island

 

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Waterfront Home on Bainbridge Island: 3394 Point White Drive

 

I am excited to announce my newest listing- a beautiful waterfront home on Bainbridge Island, located at 3394 Point White Drive. Offered at $1,050,000 this contemporary 4 bedroom features 133 ft of prime low bank bulkheaded waterfront. This large double lot offers spectacular vistas of Rich Passage - where Washington State Ferries and naval ships  glide through on a regular basis. There are 3 large decks/balconies (one on each level) for taking in the views.  The kitchen features granite counters and stainless steel appliances- including a top of the line Liebherr refrigerator with a temperature controlled wine section. The master suite includes sliding doors out to the water side. The master bath has been updated and features double sinks, a luxurious jetted soaking tub and shower- both with views of the water. The lower level is light and bright with tall ceilings , a wet bar and a wood burning fireplace. There is easy access to the beach with a waterfront deck. The outdoor spaces are complimented by a hot tub, a beautiful water feature and gardens and a lawn area. Unlike many homes on Point White, there is even a detached 3 car garage with workshop.

For more information or a private showing, please contact Kristi Nelson at 206-391-1718.

To see all the waterfront homes for sale on Bainbridge Island, click here.

 

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Bainbridge Island Real Estate: Top Ten Listings on Bainbridge right now

Once in while, I feel the need to channel a little David Letterman and share my top 10 listings on the island. These are selected by me because they stand out in their price range in some way- just really cool or perhaps just an amazing opportunity. Here we go:

621 Winslow Way-  One bedroom condo in Sunday cove for $374,000 includes a 40 ft boat slip! Think investment, while having a place to park your boat too!

13237 Millstone Place- $465,000. Foreclosure in Hidden Cove Estates. 4 bedroom home right next door to one that recently closed in the low $700's. Great opportunity!

8195 NE Mabrey Lane -  $498,900. Great 4 bedroom home under $500K. Walking distance to elementary. Sunny and bright!

9545 NE Mary Sam Lane- $650,000. Recent price reduction makes this Rambler a stand out in its price range. Lots of square footage on 2.5 acres.

8384 NE Sumanee Place- $734,000. Popular family neighborhood and wonderful curb appeal make this large 4 bedroom home a must see in this price range.

6710 NE Dapple Court- $998,000. Something about this house really appealed to me.  Very unique design, great views.

6538 NE Monte Vista Dr- $1,150,000. Waterfront home on Manzanita Bay. Shows great, lovely finishes, nice spaces.

970 Winslow Way East- $1,320,000. Sophisticated home with top of the line finishes. Fantastic  in town location for the busy commuter.

6789 NE Bergman Rd- $2,698,000.  The former "Lindbergh" house sits at the head of Manzanita Bay. A historic and beautiful waterfront home with 6 bedrooms on 2.2 acres.

2000 Beans Bight Rd NE- $8,500,000 Understated elegance on low bank waterfront in Country Club. 6 bedrooms and 7500 sq ft. A special property.

 

Some of these homes still need price adjustments. Others are priced at or "below market". But they are my top choices for this month! Which ones are your favorites? Let me know!

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