“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Sandy Nelson Realtor® Olympia Real Estate

And the safest city is...

The most common pre-requisite I hear from people looking to relocate, is to find a safe and secure environment.

The fifth annual Framers Insurance Study has just been released and it ranks Olympia, Washington as the safest mid-sized city (150,000 - 500,000 inhabitants) in the US. This is the second consecutive year Olympia was honored with being ranked number one. http://www.bestplaces.net/docs/studies/Secure.aspx#medium

The study compiled health data such as weather, air quality, life expectancy, as well as economic data such as housing depreciation and unemployment numbers.

The presence of strong industries such as Microsoft, Boeing, and the military installations of Fort Lewis and McChord AFB help keep a stable economy.

The Pacific Northwest region scored particularly high in the ranking, with the Seattle-Bellevue-Everett area ranking as the safest metropolis, and Corvallis, Oregon as the safest small town.

Olympia not only offers a safe environment, but also high quality of life amenities, such as recreational opportunities, rich cultural programs, excellent schools, and stunning scenery. Olympia photo journal

It's no wonder so many people migrate to the Pacific Northwest. Thurston County is anticipating a 56% increase in population from 2007 to 2030. http://www.trpc.org/resources/t2_10popforecastdistbyjuris.pdf

Despite the population growth, the availability and affordability of housing remains attractive and stable. Search for Olympia properties

Sandy Nelson
Olympia Realtor®, GRI, ASP

360-789-7505
www.SandyNelsonRealEstate.com

____________________________________________________________________________________________________

All the real estate information on the Internet can not compare to the real time, on-the-ground expertise of a local, skilled Realtor ®. Among all the South Sound real estate resources available, the most powerful tool is my phone number.


New Real Estate License Requirements

In March 2008, Governor Gregoire signed into law a reform of the Washington real estate license law that will go into effect in July 2010.

The new law establishes license definitions, increases educational and licensing requirements, and increases supervision and oversight of new agents by their designated brokers. And, speaking of brokers, there will be a lot more of them. As a matter of fact, every agent will be called a "broker". Associate brokers will be called "managing brokers" and designated brokers will remain "designated brokers".

  • Besides the vocabulary changes, fingerprint and background checks will be required for new licensees.
  • Education requirements for new agents will increase from 60 hours to 90 hours and will include the Fundamentals Course and the Practices Course.
  • Prerequisite experience for a managing broker will increase from 2 years to 3 years.
  • First renewal requirements for agents (soon to be called brokers) will increase from 60 to 90 hours and will have to include Advanced Practises and Real Estate Law.
  • Increased supervision over new agents by managing brokers will be required during their first 2 years.

While new agents entering the industry after July 2010 may dread these more stringent requirements, they merely represent a minimum standard that should have been in place all along. I remember taking the Practices course in my first year in real estate, wondering how I was ever allowed to receive a license without first completing this class.

I have witnessed countless agents entering the business without a clue and without any guidance from their designated brokers. They are basically cut loose to learn by practice and experimentation. How scary for the agent and their unknowing clients?

In the past, clients who wanted to ensure that they are working with an experienced agent looked for designations such as GRI and ABR, or for an agent with a brokers license. This would assure them that the agent they're dealing with has gone above and beyond the required minimum professional education. Setting the education requirements at a higher level should make clients feel more confident in their agents' skills.

They say "A rising tide lifts all boats", and I hope the more stringent requirements in order to become a real estate agent or broker, will help elevate the entire industry. It's about time, and it's a shame the changes don't go into effect until 2010.

Sandy Nelson
Olympia Realtor®, GRI, ASP

360-789-7505
www.SandyNelsonRealEstate.com

____________________________________________________________________________________________________

All the real estate information on the Internet can not compare to the real time, on-the-ground expertise of a local, skilled Realtor ®. Among all the South Sound real estate resources available, the most powerful tool is my phone number.

Does Buying a Home Warranty Make Sense?

When I bought my laptop computer, I was asked by the sales clerk if I also wanted to purchase a warranty. I considered that I had just spent a lot of money on my new computer. Did I really want to spend more on a warranty when I could be buying cool gadgets and accessories instead? And by the time the computer breaks, the prices for laptops will have gone down and I could get a new one for less. On the other hand... it's not just the hardware I needed to think about. This computer would house my files, documents and pictures. Did I really want to risk that?

I ended up buying the warranty. It gave me piece of mind and I actually had cause to use it just before it expired.

Considering the purchase of a home warranty will probably bring up similar considerations. Most people wouldn't mind having one, but who should pay for it?

By the time everything in the contract has been agreed upon, sellers will most likely have made concessions to the buyers and are not inclined to pay for additional services. Buyers, on the other hand, will have so many other expenses after they close on the house that the last thing on their mind is spending another $300 to $400 on a home warranty. As soon as the dishwasher breaks down, two months after move-in, they'll most likely re-think that thought.

In some states it is mandatory that the option to purchase a home warranty is offered in the real estate contract.

What is covered by a home warranty differs from company to company, but most appliances, plumbing, electrical items, ductwork, heating and air conditioning are generally covered. The client pays a service call fee for a technician to come to the house to make the repairs. If the items can't be repaired, they are generally replaced with a "like" product.

The main benefits a home warranty offers are:

• Buyers receive the peace of mind that things in their new home won't break down once they move in.

• Sellers won't need to have to deal with buyers calling them after the sale of their home, asking them to pay to fix any problems with items in the home breaking down.

• During the marketing of a listing, a property that offers home warranty coverage for the buyers will have an edge over a similar property that is on the market without a warranty.

• For the Realtor® involved in the transaction there's the peace of mind that his/her clients won't have to deal with pesky repair bills, should something break down.

This last benefit made it real easy for me to settle the question of who should pay for the home warranty.

I will!

If one of my buyer clients purchases a house that doesn't already come with a warranty, I will pay for one at closing. For my seller clients I'll purchase a home warranty when they list the house. This way, if something breaks during the time the home is listed, they don't have to worry about having to spend more money and the buyers won't have to worry about it after the purchase.

It made sense for my computer and it certainly makes sense for a home purchase.

Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com

__________________________________________________________________________________________________

All the real estate information on the Internet can not compare to the real time, on-the-ground expertise of a local, skilled Realtor ®. Among all the South Sound real estate resources available, the most powerful tool is my phone number.
Planning a home purchase or the sale of your home will be much more enjoyable when you work with a friendly and knowledgeable professional. I'm dedicated to helping my clients make informed decisions and providing exceptional skill and service.

Gauging the Real Estate Market

Have you heard the saying "A man with three watches never knows what time it is"? This applies to gauging the real estate market. Consumers, adept at finding property data on the Internet have experienced that data from Zillow.com is different from Trulia.com, and a home's tax assessment is a whole other story.

Turning to the news isn't very helpful either, as you often hear conflicting reports depending on the media spin.
Real estate is extremely local and detailed. For example, "Home sales in Thurston county are down" is not the same as "Home values in Thurston county are down". This isn't just a nuance; these are differences that completely change the picture. It's like taking your temperature with a tire pressure gauge rather than a thermometer.

Even if average values in Thurston county are reported to have declined, the county is broken down into 16 regions, and some of them are appreciating in value, while others are in stark decline. That's the difference between taking your temperature between your toes, versus under your tongue. You'll be hard pressed to find detailed data that breaks the market down to the accurate degree. Even the sophisticated valuation program we, as Realtors® have access to through the title companies, are generally not a true indicator of market values, as some sales are distressed sales (foreclosures, pre-foreclosure) some are sales among relatives (divorce or estate settlements) and other sales are inflated because the seller is paying the buyers' closing costs and financing fees.

Here is the definition of True Market Value: The amount a willing and able buyer will pay for a property in an arms length transaction on the open market.

I wish all I had to do is turn to Zillow.com when I do a market analysis for a particular property. Hey, it only takes 5 seconds for them to spit out a value and I'm done. Any Realtor®, worth his salt, will look at recent sales (6 months or less) within the target neighborhood and inspect every comp to see how long it was on the market, who bought it, how the sale was financed and if the home has similar features and upgrades. No algorithm has been configured yet that can automate this process. It requires a knowledgeable real estate professional. To get a clear reading on the local market conditions, the only and best gauge required is a skilled Realtor®.

Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com

_____________________________________________________________________________________________________________________________________

All the real estate information on the Internet can not compare to the real time, on-the-ground expertise of a local, skilled Realtor ®. Among all the South Sound real estate resources available, the most powerful tool is my phone number.

Photo Journal of Olympia Washington - See the pictures, feel the vibe!

Olympia WA is a beautiful and unique city. Discover this city photo by photo and visit the popular viewpoints, as well as the not-so-well-known treasures.

Visit the new photo site www.OlympiaUncovered.com

This picture gallery gives the visitor to Olympia and the surrounding communities of Boston Harbor, Tumwater, Lacey a taste of the local flavor and an impression of the spectacular beauty of the views, art and architecture.

Happy viewing!

Sandy Nelson
Olympia Realtor®, GRI, ASP, Built Green
360-789-7505
www.SandyNelsonRealEstate.com