Saturday, March 31, 2018

Waterfront Home "for Sale by Owner" Marketing Strategy Used to Sell Property in Bellingham WA

Bellingham, WA -- (SBWIRE) -- 05/07/2013 -- When Sergei and Barbara Volkov decided to sell their lakefront property in Sudden Valley, they considered the recent market collapse and decided to maximize their return by offering the home for sale by owner. Recent studies reveal that between 8 and 12 percent of Washington state homeowners are converting to "do it yourself" realtors. The majority have become educated through various FSBO websites such as and, as well as local seminars. "We have been private real estate investors for decades and have acquired considerable knowledge about offering our home for sale by owner," states Barbara Volkov. "However, it has become considerably easier to list waterfront homes thanks to the many tools provided via the Internet." The Volkov's created a website to market their home and communicate with prospective buyers. It includes photographs of each room, along with the property, and the 180 degree scenic views available from each floor of the three-story home. "We wanted to showcase not only our lake home, but also the lifestyle on Lake Whatcom and all that it provides," states Volkov. "Bellingham offers a bounty of outdoor recreational activities and caters to active, yet laid-back lifestyles." As part of their marketing strategy, the Volkov's began listing their Sudden Valley home at various for sale by owner websites. They realized the competition was stiff and to attract buyers would require extra attention to every detail. Along with sprucing up the waterfront resort home they also began researching the best ways to reach buyers. Realizing there are fewer buyers interested in Bellingham luxury homes they knew they would need to get creative. According to the National Association of Realtors website, nearly 80 percent of home buyers look for houses for sale via the Internet. The couple decided to capitalize on the statistics by producing a video of their Bellingham home for sale and published it on YouTube. "Once our video went live, we scheduled more showings than our neighbors who had hired realtors," states Volkov. "Being able to showcase the property and the glorious surroundings helped us attract buyers who want live in the private community of Sudden Valley." Property owners who list their real estate as FSBO can be competitive with pricing, yet still net profit at closing. By passing along the savings of realtor commissions to buyers, sellers can beat out competition and quickly close the deal. "Selling a home on your own, especially one in a niche environment such as Bellingham, is not for everyone," states Volkov. "It does require the ability to market the property, as well as schedule showings, and prepare closing documents." Taking the FSBO path gives homeowners the opportunity to offer enticing incentives to buyers. These might include paying closing costs or points on home loans to reduce interest rates or providing allowances for decorating or renovation. "Making use of all the available tools has helped us generate a lot of interest in our luxury waterfront home ," states Volkov. "We believe we'll find the perfect buyer because FSBO lets us offer a more attractive asking price than if we were using an agent." About Barbara VolkovBarbara Volkov is a freelance writer who specializes in Bellingham luxury homes for sale. Barbara resides in private waterfront community of Sudden Valley, which is adjacent to Bellingham WA. If you want to discuss ways to get a great deal on Bellingham homes for sale by owner, contact Barbara today. ContactBarbara Volkov360-527-2630Barbara (at) volkoventerprises.com

The 20 Hottest Real Estate Markets For February 2018

Although some parts of the country are still experiencing snow, in the region of real estate, things are definitely beginning to thaw, according to a preliminary analysis of® data for February. Coming out of their winter doldrums, listing prices have begun their traditional spring climb and quickly reclaimed historical highs, hitting a median $275,000—which was last summer's peak. This indicates that we'll probably see an even higher peak this spring and summer, the prime season for buying and selling homes. Listing prices also increased 10% compared with February 2017. "Rapid mortgage rate jumps, and confirmation of a brighter economic outlook have inflated the pool of home buyers early in the year, putting an extra squeeze on the mid- and entry-level market," said Javier Vivas, director of economic research at The persistent problem is an insufficient supply of homes for sale. While housing inventory grew 2% from January, it was down 8% from the February before. "A second wind in demand has extinguished weak bursts of new construction and new listings, putting a larger than expected dent on inventory," Vivas noted. "While fewer markets are seeing inventory get worse this month, many others have seen the listings shortage intensify even further." With buyers scrambling to get their hands on these homes, the properties are moving off the market 8% faster than this time last year, spending a median 83 days on the market. And where were homes selling the fastest, and getting the most attention from home seekers? Using the key indicators of days on market and listing views per market, came up with its monthly list of the hottest real estate markets in the nation. While San Francisco held onto its top spot this month, Midland, TX, jumped from its No. 5 spot in January to No. 2, breaking up the California clique at the top. Still, California accounted for 13 of the top 20 markets. The rest belonged to Texas, Colorado, Ohio, Washington, and Indiana. The biggest movers were Spokane, WA, which jumped 13 spots from its January rank, and Fort Wayne, IN, which moved up nine. Spokane, about four hours inland from Seattle on the Idaho border, has been attracting buyers fleeing high prices in Seattle. The Hot List San Francisco, CA Midland, TX Vallejo, CA San Jose, CA Sacramento, CA Denver, CO Santa Rosa, CA Colorado Springs, CO San Diego, CA Stockton, CA Santa Cruz, CA Dallas, TX Chico, CA Oxnard, CA Modesto, CA Columbus, OH Fresno, CA Spokane, WA Fort Wayne, IN Los Angeles, CA Written by Cicely Wedgeworth This article, "The 20 Hottest Markets for Real Estate in America for February 2018" appeared first on Real Estate News and Insights from Related Articles Image Credit: Get the Woonsocket newsletterSubscribe This post is sponsored and contributed by a Patch Brand Partner. The views expressed in this post are the author's own.

'Iconic' Governors Point has a new owner

Longview, WA (98632) Today Cloudy early with peeks of sunshine expected late. High 63F. Winds NW at 5 to 10 mph.. Tonight Partly cloudy early followed by cloudy skies overnight. Low near 40F. Winds light and variable. Updated: March 31, 2018 @ 5:56 am

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