Sandra White: Sandra White (John L Scott Real Estate)

Jeff co Expo

9th Annual JeffCo EXPO
April 25, 2009 - April 26, 2009
STARTS: 9:30 a.m.
LOCATION: Jefferson County Fairgrounds

4x4/ATV events, Car Shows, Bike Show, Armwrestling Tournament,Performance Horse Shows, vendors,Food, Mechanical Bull Riding.

 Sounds like fun for everyone.  We have the Jefferson County Fairgrounds here in town which is used for a lot of events.  There are corrals and stadiums, and lots of buildings for 4H events and of course the county fair.

 

 Announcement

0 commentsSandra White • April 24 2009 11:48AM

Real Estate Biz in Port Townsend

View of Port Townsend,WA

My career began in Palm Springs, CA which is a small resort town.  Lots of second homes and sellers you never see, just unload their properties for them. I started in 1980.  Thats a whole nother story.    Then on to So. Orange County in CA where the emphasis was on investment.  Not is this the right home for my family, but how much can I make when I sell!  Oh yeah, and how soon after closing can I start my law suit.

Port Townsend been a refreshing change for me.  In the 10 years I have been involved in selling here, I have heard of only 1 lawsuit threatened, and not sure if there have been any in my office the whole time I have been here.  I have dodged that bullet for 30 years, maybe because I am a goodie two shoes and like to make sure there are no grey areas.  All of the clients I have encountered in Port Townsend have been very nice people, looking for a real home and no plans to flip in the future.  Makes the job seem a lot more pleasant and worth while.

So how are we doing.  Last I heard we went from 130 agents in Jefferson Countcory down to around 100 for 2009.  Pace of sales over 2008 has slowed dramatically, but values have held pretty steady.   For the quarter ending in March, sales were down 40%: 40 closed sales compared to 70 in the same quarter last year. That is a very small sample to draw from.  The median price of all homes sold in the county was $247,500( down 22% from a year ago) the median price dropped just 5% in Port Ludlow, a small neighboring community and acturally rose 5% in Port Townsend.   According to report I read in the Port Townsend Leader Newspaper, the median closed sale was $337,000 in Port Townsend.  We have mostly been on a plateau price wise since 2006. 

Offers are being accepted at about 93% of the asking price, which used to be around 96-98% in the hottest market a couple of years ago.  And of course there are consistent price reductions.  Fortunately you can count on one hand the number of foreclosures in our little town. 

Wishing you all a great spring season with renewed energy and passion for your business.

 

 

 

 

 

3 commentsSandra White • April 24 2009 11:22AM

Remembering Rudy

My son is so sad about losing his Basset Hound, Rudy. Here are some pictures and a link to his memorial.

Watch the movie at the bottom of his memorial page, it's pretty funny.

http://www.lulusfordogs.com/rudy.htm

 

7 commentsSandra White • April 23 2009 05:09PM

10 Tips For Buy-To-Let Investment Success

The Buy-To-Let market place is booming. More and more people are investing in a second property as a long term investment plan. As attractive as the proposition sounds, there are a number of potential pitfalls that need to be taken into consideration. Use the steps below to ensure that your Buy-To-Let investment is a success.

#1 Choose The Right Property
The location is extremely important. Make sure that speak to a number of local letting agents to determine the supply and demand in the area. Look at such things as whether there are local employers or a university. You can get the details of letting agents near you by contacting The Association of Residential Letting Agents.

#2 Choose The Right Mortgage
You will need to check with your lender to how much you eligible to borrow. Most lenders will allow you to borrow 85 percent of the properties value. Also most lenders will take into account the expected rental income when they are deciding how much they will lend. Make sure that your rental income covers 125 percent of your monthly mortgage payment.

#3 Work Out Costs And Income
Work out how much your monthly mortgage repayment will be and whether the expected rental income will exceed this. Checking out the rental prices of similar properties advertised in newspapers in your area will give an indication of whether this is possible. Also look at whether you could afford your mortgage if interest rates shop up and the property is unoccupied for 3 months.

#4 Consider Hidden Costs
You will have to pay solicitors fees, estate agents fees, building insurance, mortgage arrangement fees, stamp duty and possibly service charges and ground rent.

#5 Budget For Ongoing Costs
You are responsible for ensuring that the property meets health and safety standards. Local authorities require that you comply with fire regulations, which could mean you have to put in fire doors and smoke alarms.

#6 Choose A Professional Letting Agent
You might want to consider using a professional letting agent. They will find tenants, collect deposits and the rent and arrange the inventory and tenancy agreements. But expect to be charged anything from between 10 to 18 percent of the gross rental income that you get.

#7 Ensure You Have The Right Insurance
As you are the owner it is your responsibility to insure the structure of the property, which includes permanent fixtures and fittings. You will need to check your policy as most buildings insurance policies exclude buy-to-lets.

#8 Sort Out Your Tax Position
You have to pay income tax on any rental income you receive, but you can deduct some expenses and you will probably be liable for Capital Gains Tax when you sell. You would be well advised to speak to your accountant before you proceed.

#9 Get A Fully Flexible Mortgage
These types of mortgages are well suited to the buy-to-let market. This is because you can fluctuate your payments in line with rental income.

#10 View Buy-To-Let As A Long Term Investment
Do not expect to make a quick profit on rental income and equity gain in the property. You look at the longer terms for profits. Generally about five to ten years.
Author Resource:- James Copper writes on all areas of finance. He works for Any Loans who specialise in Secured Loans and Remortgages.
Article From US Real Estate Articles
0 commentsSandra White • April 23 2009 01:45PM

Port Townsend Peace Sign Blooms

Here in the Pacific Northwest, we like to say it with flowers.  Here is our very own peace sign blooming in yellow and white flowers.   

There is also a group in Port Townsend called the "Peace Movement"  I don't know what they do as I am not a memeber but the thought is good and here is their photo in the field with peace sign:

 Port Townsend Peace Movement

5 commentsSandra White • April 21 2009 05:30PM

Port Townsend Demographics

Population 14,683 9,069 6,468,424
Population Growth 12.8% 8.4% 9.4%
Population Density Population Density Population Density: "Residents per square mile"  247 1,329 96
Median Age 48 years 48 years 37 years
Median Income $42,727 $38,550 $52,967
Cost of Living Index Cost of LIving Index 100 = National Average, 110 = 10% more expensive  109 108 110

Demographics

DemographicsZIP Code 98368Port TownsendWA
Male 47.8% 46.7% 49.9%
Female 52.1% 53.3% 50%
Married 42.8% 46.9% 42.1%
Single 57.1% 53% 57.8%
Families (w/ Kids) 14.8% 14.1% 24%

Housing

HousingZIP Code 98368Port TownsendWA
Median Home Age 22 years 29 years 28 years
Median Home Cost $348,300 $348,300 $342,261
Home Appreciation 0.6% 0.6% 0.6%
Homes Owned 64.9% 60.7% 60%
Homes Rented 24.7% 31.4% 32.3%
Homes Vacant 10.2% 7.8% 7.6%

Economy

EconomyZIP Code 98368Port TownsendWA
Unemployment Rate 6.1% 6.1% 5.4%
Recent Job Growth -0.7% -0.7% 0.5%
Future Job Growth 22.4% 20.8% 24.5%

Education

EducationZIP Code 98368Port TownsendWA
School Expenditures School Expenditures Expenditures per pupil ($)  $4,578 $4,578 $4,734
Pupil/Teacher Ratio 20 20 20
Graduate Degrees 13.6% 12.2% 9.2%
4yr College Grads 21.2% 20.2% 18.3%
High School Grads 93.3% 91.4% 87%

http://www.porttownsendrealestatesearch.net/

1 commentSandra White • April 21 2009 01:24PM

Movie Review/ The Lives of Others

I listen to Kirby Wilbur's radio show in Seattle, and he asked his audience to send him names of their favorite movie on the subject of conservatism.

The number one choice was The lives of Others.

I ordered it from Netflix ( a great service) and really liked it a lot.  It is a true story of a man in East Berlin after the war, working for the Secret Police and his change of attitude and what it cost him in his personal life.  It was made in Germany which makes it all the more interesting, so be sure to watch the special features to hear what the producers had to say about why they made the film. 

I went to East Berlin in the late 70's so this movie had special meaning for me.  It was a very scary place and there were guards walking around with big machine guns on their shoulders.  It was extremely drab, awful food, and not much had been restored so many years after the war was over.  Of course the wall was still up and in West Berlin I had heard that people went there and disappeared, so it was really spooky.

Let me know how you like this...

 

2 commentsSandra White • April 17 2009 03:03PM

Tea Party on Northwest Olympic Peninsula

Group gathering Hitler was a good speaker tooGreat signs

Tea Party Fiddler Sandy and Friend

I did  make it to a Tea Party, in the small town of Port Angeles, famous for the Border Guards who caught the terrorist with explosives for LAX.  It is about 1 hour drive for me here in Port Townsend, WA. It is the port that takes you to Victora, in BC.   We are on the Olympic Penisula, very remote, very beautiful and very liberal.

The whole event was peaceful and fun.  Signs were amazingly creative and from the heart.  No astroturf here.  I loved meeting new people with like minds, and it energized me out of the political funk  I have experienced since the election.  I have been irritated with our own party for being to blame for a lot of this spending and irresponsibility.  Now it is time to move forward and take some action.  Feels good, just like when you are in a slump in real estate and make a few phone calls to get you back in the swing. 

I am so greatful there are people who take the time to pull these things together.  I have a side business and with real estate I am working non stop day in and day out. I lose sight of important things that also need to be done. 

3 commentsSandra White • April 17 2009 12:10PM

Tea Party In Port Townsend

There is one coming...this tiny little town has it's share of opinionated folks, and I don't know if I will be there, but I know this country is spending itself into oblivion.  I am glad there are some people who have the will and the time to let our government know when they are going in the wrong direction.  We cannot keep up the entitlements we have created and continue to have a thriving economy. 

What's going on in your town tomorrow?

Sandy White, John L Scott, Port Townsend

 http://www.porttownsendrealestatesearch.net/

7 commentsSandra White • April 14 2009 08:37AM

Hang in There

 

 I feel like the real estate granny!  Almost 30 consistent, lonnng years out there working with Buyers and Sellers.  I started in a very down market for both buyer's and seller's since a new loan was out of the question.  Boy, did people get creative and not always in a good way.  Some strange offers came across my desk. 

The point is, this is a fluctuating, always changing  business just as our economy is cyclical, and who ever is to blame in this current ordeal is irrelevent , it too shall pass,  and its a good time to be learning and gathering experience.  I love the "saying you need 99 no's to get to a yes". and also good advice, put your ego and your problems in a drawer and concentrate on your clients.  Giving back to your community is also time well spent.  

Looks like things are turning around ever so slowly, and this is a great career!  Good Luck!

 

9 commentsSandra White • April 13 2009 02:09PM