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The Importance of Shredding
During or after the purchase or sale of a home you find a lot of paperwork that may have sensitive personal information. What do you do with all of that paperwork?! Throwing it in the trash could mean it falling in the wrong hands and used against you. The safest way to deal with old documents is to shred them. Below we go over what should and should not be shredded and why it’s important to protect your personal and sensitive information from falling into the wrong hands.
To help you, Windermere Real Estate/Whidbey Island is co-hosting a free Shred-it event on October 9th, 2021 and you are invited! Check out the details here!
Types of documents you should shred:
- Tax returns
- Photo IDs
- Bank Statements
- Voided Checks
- Employee Pay Stubs
- Credit Card information
- Copies of sale receipts
- Documents containing sensitive information such as names, addresses, phone numbers or emails
- Employee records
Top reasons you should shred:
- Prevent identity theft: In 2012, about 16.6 million U.S. residents over the age of 16 were victims of at least one identity theft incident according to the Bureau of Justice Statistics.
- Protecting your family, friends, and customers is the law: It is important that you take the extra steps to protect the people around you and shred sensitive information if you must write it down. Businesses that fail to abide by regulations protecting their customers’ personal and secure information are at risk of being fined for mishandling customers’ information.
- Protect your employees: Employees have a right to privacy and if you are throwing away documents you are not taking the necessary steps to protect their privacy or identity. Shredding is always the safest way to go.
- Space saved: by shredding all the unnecessary papers cluttering your office or your home you will create more room and less clutter ultimately you will feel more at ease and satisfied with your space.
If you’re wondering how long you need to keep ahold of different types of documents there are lots of different opinions but we liked the simplicity of this guidance https://www.suzeorman.com/resources/record-keeping
We are all in, for you! What that means is we believe that as realtors we can make a positive impact in our community and in the lives of the people around us. We do this not only by helping people purchase their homes but by staying active in our community and educating where needed. One thing we feel strongly about is protecting those people. Throughout the buying and selling process clients are guided through what kind of links are ok to accept, warned of scammers, and taught how to not fall prey to people trying to take advantage of them.
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Preparing to List in the Whidbey Island Real Estate Market Right Now
Today’s housing market is full of exceptional opportunities for sellers. The large buyer demand combined with record-low housing inventory has created an optimal sellers’ market. This means that it can be a great time to sell your house if you are thinking about selling. However, one misconception is that sellers are guaranteed success no matter what. We are here to remind you, that is not always the case and to help set you up for the best possible success with some key points so you can avoid costly mistakes and win big when you make the move.
Price Your Property Right
It is a common misconception to think buyers will pay whatever we ask. This can be hard to imagine when the inventory is low like it is and we see homes sell well over listing price time and time again. However, even in a sellers’ market, it is of the utmost importance to list your house for the right price. Why? Because it will maximize the number of buyers that see your house. Listing above market value means that true target buyers may not ever see your property because it is listed out of their price range. Listing in the market value creates the best environment for bidding wars, which in turn is more likely to increase the final sale price meaning more money in your pocket. In fact, as of this writing, there are 10 homes just in North Whidbey that have been on the market for 11- 41 days which is a strong indication of being overpriced. This is only one of several examples of why it is important to price your property right the first time. To receive an in-depth look at the dangers of pricing above market value sign up here. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals. Click here to get connected.
Keep Emotions in Check
Today, homeowners are living in their homes longer than they have in the past. Looking at the chart below you can see that the average time a homeowner owned their home has doubled from 5 years in 1985 to 10 years now.
It only makes sense that as time in a home increases the emotional attachment to the home also grows. If it is the first home you purchased or it is the house where your children grew up, it is possible that it is extra special to you. Every room has memories. It is difficult to separate rational decision-making from that sentimental value and can take time to process.
For some homeowners, that connection makes it harder to differentiate the emotional value of the house from the fair market price. It is important to have a non-bias real estate professional help you along with setting the listing price and through the negotiations. We are here to help you.
Stage Properly
When we walk into our friends’ homes, we are often greeted by their children’s trophies, their accomplishments, newest toys, and probably a pile of mail on the counter they did not quite get to before we arrived. For the most part, we are all quite proud of our home décor and the things we have done to customize our homes to be fitting for our lifestyles and want to show it off. However, not all buyers feel the same way about your design and personal touches as you do. It is in your best interest to present your home in a way that a buyer can imagine themselves living there. That is why it is so important to make sure you stage your home with the potential buyer in mind.
Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. Stage, clean, and declutter so they can visualize their own dreams as they walk through each room. A real estate professional can help you to get your home ready, stage it, and sell for top dollar.
At the End of the Day
Today’s sellers’ market might be your best chance to make your move. If you are considering selling your home, let’s connect today so you have the expert guidance you need to navigate through the process and prioritize these key elements.
Searching to learn more about Whidbey Island? You can continue exploring our community blog here!
Where Have All the Houses Gone?
In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains:
“With buyers active in the market and seller participation lagging, homes are selling quickly and the total number available for sale at any point in time continues to drop lower. In January as a whole, the number of for-sale homes dropped below 600,000.”
You can take a closer look at how the market here on Whidbey has progressed by clicking here.
Every month, realtor.com releases new data showing the year-over-year change in inventory of existing homes for sale. As you can see in the map below, nationwide, inventory is 42.6% lower than it was at this time last year:
Does this mean houses aren’t being put on the market for sale?
Not exactly. While there are fewer existing homes being listed right now, many homes are simply selling faster than they’re being counted as current inventory. The market is that competitive! It’s like when everyone was trying to find toilet paper to buy last spring and it was flying off the shelves faster than it could be stocked in the stores. That’s what’s happening in the housing market: homes are being listed for sale, but not at a rate that can keep up with heavy demand from competitive buyers.
In the same realtor.com report, Hale explains:
“Time on the market was 10 days faster than last year meaning that buyers still have to make decisions quickly in order to be successful. Today’s buyers have many tools to help them do that, including the ability to be notified as soon as homes meeting their search criteria hit the market. By tailoring search and notifications to the homes that are a solid match, buyers can act quickly and compete successfully in this faster-paced housing market.”
The Good News for Homeowners
The health crisis has been a major reason why potential sellers have held off this long, but as vaccines become more widely available, homeowners will start making their moves. Ali Wolf, Chief Economist at Zonda, confirms:
“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed.”
With more homeowners getting ready to sell later this year, putting your house on the market sooner rather than later is the best way to make sure your listing shines brighter than the rest.
When you’re ready to sell your house, you’ll likely want it to sell as quickly as possible, for the best price, and with little to no hassle. If you’re looking for these selling conditions, you’ll find them in today’s market. When demand is high and inventory is low, sellers have the ability to create optimal terms and timelines for the sale, making now an exceptional time to move.
Bottom Line
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Let’s connect to discuss how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.
Continue to follow our local market with Windermere’s Cheif Economist, Matthew Gardner by clicking here.
Q1 2021 – Quarterly Report Stats
Q1, 2021- Quarterly Stats by Windermere Whidbey Island
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Matthew Gardner Presentation: 2021
On March 31, 2021, we hosted a live virtual event where we invited Matthew Gardener Windermere’s leading economist, to present an economic review and Forecast for our local Whidbey Island real estate market.
You may be asking yourself, “who is Matthew Gardner or why should I listen to what he has to say?”
Why We Trust Matthew and Think You Should Too
Matthew Gardner is the Chief Economist for Windermere Real Estate, the second-largest regional real estate company in the nation. Matthew specializes in residential market analysis, commercial/industrial market analysis, financial analysis, land use, and regional economics. He is the former Principal of Gardner Economics and has over 30 years of professional experience both in the U.S. and U.K. You may have also run across his articles on the popular Inman.com.
As Chief Economist for Windermere Real Estate, Matthew Gardner is responsible for analyzing and interpreting economic data and its impact on the real estate market on both a local and national level. This includes publishing THE GARDNER REPORT each quarter, which highlights market conditions in regions throughout the Western U.S. Inside each region’s report, you’ll find forecasts based on the latest real estate data, including regional home sales, average home-price information, days on market, and other indicators to determine whether it is a buyer’s or seller’s market. Matthews Western Washington Quarter Reports can be found here.
We were lucky enough to get him to do a specialized analysis of our local market just for you. If you missed it live, you can watch the full recording below as well as take a closer look at his slide deck by requesting to have it sent to your email.
As always if you have any questions reach out to your Windermere Agent. Don’t have one? Email us today at WhidbeyCommunications@Windermere.com and we will get you connected with the perfect agent for you.
How to Sell Your Home for Top Dollar
By now you’ve probably heard every REALTOR® you know yelling from the rooftops, We need more inventory!!! “Now is the time to sell!” While that is definitely true, buyers are more selective now than ever. You need a strategy to ensure you hit the market at your very best!
In order to sell your home for the highest price possible and in the least amount of time (meaning less showings, less cleaning, less inconvenience to you), you’re going to need to create the most demand possible when it goes up for sale (with the help of a great Real Estate Agent of course). I have a simple 3-part plan that will help your home get the maximum exposure and create the most demand right away!
PART ONE: Focus on Selling a Lifestyle
You’re not just selling a home, you’re selling a lifestyle. This means you’ll want to think beyond square footage and room sizes and determine how to best highlight the features of your home that will show the lifestyle someone can expect to have if they live there. Think about experiences like holidays around the big kitchen island or gatherings around the awesome firepit out back!
Ask yourself questions such as what feature did you love most about your home when you bought it and which room do you spend the most time in. Share these answers with your Real Estate Agent so they can market a lifestyle, not just the house.
Photo by Jimmy Dean on Unsplash
PART TWO: Stage to Sell
Staging your home for sale is crucial in attracting the most buyers and generating the most interest in your home when it’s for sale.
To get started, depersonalize and declutter first so potential buyers can more easily picture themselves living in the home rather than feeling like they’re in someone else’s home. Make sure to appeal to today’s buyers. Talk with your agent about what updates or small changes will make the biggest impact to attract what most buyers are looking for these days.
Photo by Ashley Byrd on Unsplash
PART THREE: Have a Pricing Strategy
If you want to attract the most buyers as soon as that for sale sign goes up, it’s important to have a pricing strategy in place. Many sellers believe they should list their home over value and lower it as needed, but the problem is that doing this will only hurt your chance at attracting the most amount of buyers possible (therefore driving up the sale price). The problem is that it will decrease the number of interested buyers right when you list, could increase the length of time your home sits on the market and ultimately decrease your final sale price (which means less money in your pocket).
What you feel your home is worth on paper might not necessarily match what the market is saying your home is worth. The current market and the buyers are going to determine the value of your home. Make sure you’re looking at market trends, other homes that have recently sold and be realistic. The best-case scenario is that you get several offers on your home, and you get to choose the price AND terms.
Photo by Scott Graham on Unsplash
With the right real estate professional guiding you and this simple 3-part plan, you’ll have buyers lined up outside your home in no time! If you have questions about how we can tailor this plan to your unique property, let’s talk!
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Get the Buck Out of My Yard
Have you ever been standing there admiring your gardens when a deer walks in and decides it is time for lunch? So have we.
They are the wild and majestic creatures of Whidbey Island, often found in the peaceful pastures of Ebey’s Landing or beneath the cooling tree shade of the state parks. They are elegant, graceful, mesmerizing… and frankly a pain in the arbor.
Oh deer, oh deer, oh deer.
Don’t get us wrong, we LOVE our Whidbey Island deer and are grateful to live in a place where wildlife feels welcomed. However, if you’ve been working hard cultivating that garden all year long, the last thing you are interested in is a handful of fauna munching on the fruit of your labor. To top it off, deer can carry ticks with Lyme disease which can be extremely harmful to both humans and their dogs.
Sorry Bambi, but no one messes with mans’ best friend.
We’ve done a little research and decided to give you a hand with those pretty, yet pesky visitors.
5 pro-tips to get the grazers out of your garden.
- Cut ‘em Off! – It might seem like the most obvious solution, but fences are always a great first step to keeping out unwanted guests. Although deer are great jumpers, the additional effort required might just be enough of a deterrent. < We’re all a little lazy.
- Don’t Plant Tasty Treats – Deer LOVE plants rich in nutrients, moisture, and basically anything else your doctor said you should eat more of. This includes almost all produce plants as well as leafy ivy and bright, water-filled flora. Instead of these, try planting pungent flowers like lavender with greenery that is thorny, hairy, or prickly. You can also use these less desirable plants as a natural barrier for the tastier ones. If all deer see and smell is lambs’ ear and snapdragons, odds are they won’t investigate much further.
- Let Rover Out More – Chances are your dog is like most others and DOES NOT see grazing deer as welcome guests. Barking dogs are a big deterrent for deer. Who wants to eat with someone yelling at you? Eventually, the deer will likely decide your home isn’t a safe place to eat and won’t return.
- Shine a Light on the Situation – Deer are more skittish than the commitment-phobe you dated in college. Installing motion-sensitive floodlights can often leave a deer stunned and anxious to get away as fast as they can.
- Live a Little! – Although we might find them beautiful and nice to look at, deer aren’t that excited about us. Chances are if a deer sees you out and about in the yard they will simply turn around and find someone else’s garden to plunder. So, get outside more! See this as an opportunity to re-imagine your yard and incorporate more outside living space. Your health and your hydrangeas will thank you.
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5 Things Every Septic Owner Needs
A Drain Snake
Don’t kill your system with Drano! Hair clogs happen. Instead of pouring caustic Drano into your plumbing (which can actually cause damage to pipes and will kill your septic system) try this super cheap (less than $2 each) and easy drain snake that works in seconds. This tool coupled with prevention (see #2 below) will keep you from having to resort to expensive and dangerous remedies.
A Drain Cover
There are hundreds of different types of drain covers. We have tried several to reduce the guess work for you and discovered that we like this flat and wide version best. You can order it here. Honestly, regardless of which kind you purchase your septic will thank you as long as it keeps hair and other large particles from swirling down your drains to prevent it from clogging and will save your septic.
The Right Toilet Paper
Most people are too dignified to talk about things related to the potty but as a septic system owner you need to know that there is a right and a wrong kind of toilet paper if you want to keep your system in excellent condition and prevent clogging. If you put a piece of your TP in a glass of water, stir it up a bit and let it sit for a few minutes it should dissolve pretty quickly into tiny pieces no larger than a nickel. This is called the TP test. If it stays intact in larger pieces your septic system is going to have a real problem breaking it down and the chances of you clogging your toilet are MUCH higher. Check out the results from a test The Art of Doing Stuff did here.
A Pumice Stone
With hard water being the rule and not the exception on Whidbey Island there is a constant battle to keep our toilet bowls and sinks free from the dreaded hard water rings. Using harsh chemicals to try and remove them can work but at the cost of damaging the function and life of your septic system. The solution? A simple and cheap pumice stone! A wet pumice stone won’t scratch porcelain but it will easily and effectively remove hard water build up just by rubbing it back and forth across the stain. Try it and let us know what you think!
A Good Septic Inspector
Because you now own your very own mini sewage treatment machine you will need to maintain it. Finding a great septic inspector and getting on a regular inspection rotation is as easy as picking up the phone and calling or texting your Windermere Broker. At Windermere we pride ourselves on always having the inside knowledge about and great relationships with vendors our clients will need. Septic inspectors are #1 on that list! Many of them have a program you can join that puts you on a regular inspection rotation so you don’t have to think about it every year (or 3 years depending on your system). If you don’t have your very own Windermere Broker you are missing out! Visit our website to find your match today
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Black History Month
Black History Month Began
In 1915, American historian Carter G. Woodson and minister Jesse E. Moorland founded what is now the Association for the Study of African American Life and History® (ASALH) to recognize and celebrate the accomplishments of African Americans and to encourage studying the history of Black people. In 1926, the ASALH debuted what was then called “Negro History Week” to bring awareness to their mission. The event took place during the second week of February, coinciding with the birthdays of Abraham Lincoln (February 12) and Frederick Douglass (February 14). It continued to grow through the decades. In 1969, Black History Month was first proposed by the Black United Students at Kent State University. Years later, in 1976, President Gerald Ford decreed Black History Month be observed nationally. Since then, every President has recognized February as Black History Month (also known as African American History Month).
Black History Month 2021
Black History Month’s first official theme was “Civilization: A World Achievement” in 1928. Since then, the annual themes reflect changes of social movements’ impact on ideas of race, how the Black community’s aspirations have evolved over time, and how those of African descent living in the United States view themselves. The theme for 2021 is “The Black Family: Representation, Identity, and Diversity.” For more information on this year’s theme, past themes, and more on Black History Month, visit asahl.org.
In Real Estate
In the real estate industry, methods of redlining and steering have historically prevented members of the Black community from building wealth through homeownership. At Windermere, we are committed to doing our part to address discrimination, racism, and inequity within our company and the real estate industry. There are a number of initiatives in place throughout the industry to support diversity and inclusion, commit to fair housing, and make homeownership fairer and more equitable than it has been in the past. For more information and resources, visit the National Association of REALTORS® Fair Housing and Diversity, Equity, & Inclusion pages.
