Should I wait for mortgage rates to go down?
Homebuyers, are you ready to take the next step but feeling unsure with rising interest rates? Mortgage rates have indeed increased significantly over this past year. But don’t worry because Windermere Whidbey is here for all your needs! We've compiled a wealth of information that can help you make an informed decision when it comes to buying a home in 2022 and beyond - just keep reading below:
First, let’s look at some historic mortgage rate data to put things in perspective. During the Covid pandemic, mortgage interest rates reached all-time lows in 2020 and 2021. Mortgage rates were pushed below 3% and were kept there thanks to emergency measures taken by the Federal Reserve. However, if you look at the chart below you will see that throughout 2022 we have seen interest rates gradually rise.
While this may appear scary, I want to provide one additional piece of information that will give you even more perspective. Examine the chart below:
The graph above certainly tells a different story. Despite recent increases, 30-year mortgage rates now are still below the historical norm. With that being said, a 3% rate does seem a lot more appealing than a 6% or higher rate. Especially when you look at how this will affect your purchasing power.
Contact a local expert about financing your next home
How Will Rising Mortgage Rates Impact a Home Buyer’s Purchasing Power?
Let's say you want to purchase a property for $400,000, and you want to keep your monthly payment at or below $2600. Here is how your spending power may alter if mortgage rates rise, see the chart below.
Are Mortgage Interest Rates Going to Continue to Rise or Go Back Down?
The short answer is that the direction interest rates will go is nearly impossible to predict. According to most experts on the subject, rates may continue to rise for a while as the FED attempts to get inflation under control. However, if we see the rising interest rates start to cause a recession, they might lower. Again, nothing is certain on this front and the rates are dependent on too many frequently changing factors to have a guaranteed prediction.
Conclusion: Should you wait for mortgage rates to go back down before purchasing a home?
If you are a renter who is currently trying to decide if you want to purchase a home or wait on changing rates, I just want to share one image with you:
In essence, it is accurate to say that the cost of purchasing a property has increased since last year. The distinction is that homeownership also involves building equity over time, which will increase your net worth.
It makes little sense for a borrower to attempt to time their purchase based solely on interest rates in this market. Regardless of current interest rates, our best recommendation is to wait to purchase until you are financially prepared and able to afford the property you desire.
Keep in mind that your mortgage rate won't be fixed in stone. Homeowners can always refinance later if rates drop sufficiently to reduce costs.
Final Thoughts:
Situations vary from person to person. Working with a real estate adviser to weigh your options is what can help you make the best choice possible, and it just so happens we have an office full of highly trained real estate professionals. Don’t hesitate to reach out if you have any questions about the buying or selling process.
Autumn is here and it is a wonderful time to be on Whidbey Island. One major reason is because all the local farms are sharing their Fall offerings. Today we will answer the question, “Where to buy Pumpkins on Whidbey”. If you are on the search for Pumpkin Patches, Corn Mazes, or Apple Picking locations to visit, then read on!
Fall is the perfect time to visit The Farm Stand at K&R Farms. Not only can you enjoy picking your own pumpkins or getting lost in the corn maze, but you can also take in the beauty of the sunflower field. And if that isn’t enough to get you in the autumn spirit, then maybe the ice cream will do the trick. In addition to all of these seasonal favorites, you can also purchase fresh produce, local honey, and shaved ice. So whether you’re looking for a fun day out or some delicious food, The Farm Stand at K&R Farms has something for everyone.
The Pumpkin patch, corn maze, and sunflower field are open daily from 11 AM – 6 PM
Get directions: 36699 SR 20 Oak Harbor, Washington
Visit them on Facebook
Ready for some serious fall fun? Look no further than Whidbey Farm and Market! Their pumpkin patch and hay pyramid are open from Sunday to Thursday 11 AM to 6 PM, and Friday and Saturday 11 AM to 10 PM. You can get lost in their corn maze daily from 11 AM to 6 PM; it’s only $5 to enter. Feeling adventurous? Check out their night corn maze on weekends; it’s open from dark until 10 PM. And if you get hungry, don’t worry – they have coffee and ice cream available for purchase, as well as many other items at the market. Plus, there’s live music on Saturdays and Sundays. So come on down and enjoy all that Whidbey Farm and Market has to offer!
Check their website for updates HERE
Get Directions: 1422 Monroe Landing Rd, Oak Harbor
Visit them on Facebook
With Fall in the air, it can only mean one thing- it’s time to head on down to Case Farm! This historic farm has been around since 1898 and is currently run by the fifth generation of Cases. When you visit, you’ll be able to experience all the best that autumn has to offer, from picking out a pumpkin in their patch to getting lost in their corn maze. And of course, you can’t forget about the farm animals! They have cows, turkeys, ducks, chickens, cats, and dogs that are all waiting to meet you. So come on down and enjoy all the fun that Case Farm has to offer this fall! PLUS there is even a kid friendly bale stack maze for the little ones to enjoy. SO MUCH FUN!
Check their website for updates HERE
Get Directions: Case Farm, 98 Case Rd, Oak Harbor, WA 98277
Visit them on Facebook
Formerly known as “Sherman’s Pioneer Farm”
Scenic Isle Farm is a must-visit destination for anyone looking to get into the Fall spirit. Established in 1852, the farm is located in the historic town of Coupeville. Take your visit to the next level with a fun trolley ride to the sprawling pumpkin patch. The perfect place to pick out the perfect pumpkin for carving or baking. In addition to pumpkins, the farm also sells edible squash and gourds, making it a one-stop shop for all your Fall decorating needs. So whether you’re looking for a fun day trip or a unique photo opportunity, Scenic Isle Farm is sure not to disappoint.
Check their website for updates HERE
Get Directions: 46 S Ebey Rd, Coupeville, WA 98239
Visit them on Facebook
Rock’n Apple Ranch
Fall is the time of year for fresh apple cider, and there’s no better place to get it than Rock’n Apple Ranch. Not only do they offer delicious cider by the half gallon ($7) or gallon ($12), but they also have U-pick apples for just $1 per pound. So if you’re looking for some fall fun, they’ve got you covered. Open from 10 to 3 pm daily. Whether you’re looking for fresh cider or a fun-filled day out picking apples, Rock’n Apple Ranch is the perfect destination.
Get Directions: 3064 Hunt Rd, Oak Harbor, WA 98277
Visit them on Facebook
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What Is an Adjustable-Rate Mortgage (ARM)?
It’s no secret that interest rates have continued to rise, and are now substantially higher than even just 3 months ago. For this reason, different loan products are coming back into “fashion”. As a buyer it is important to understand the options available to you when financing your home. That’s where we come in! In this edition of “Home Buyer Education” we are going to answer the question “What Is an Adjustable-Rate Mortgage (ARM)?”
What Is an Adjustable-Rate Mortgage (ARM)?
An adjustable-rate mortgage, or ARM, is a type of home loan that starts with a fixed interest rate for a specified period of time, typically five years. After that initial period ends, the interest rate will adjust annually based on current market conditions. Because the interest rate can change over time, your monthly payment may go up or down.
An ARM can be a good option if you plan to own your home for only a few years, since it typically offers lower interest rates than a fixed-rate mortgage. It can also be a good choice if you expect your income to increase in the coming years, which will help you afford any potential increases in your monthly payment. However, if market conditions cause interest rates to rise sharply after the initial fixed-rate period ends, you could end up paying more than you would with a fixed-rate mortgage.
Be sure to ask your lender about how often and by how much the interest rate on an ARM can change. You should also make sure you understand how the payments will change if rates rise or fall. That way, you can be sure an ARM is the right choice for you before you apply for a loan.
Contact a local expert about financing your next home
Different Types of Adjustable-Rate Mortgages (ARMs)
Payment-Option ARM:
With a payment-option ARM, you will have the freedom to select your monthly payments, including interest-only payments and minimum payments that don't cover interest. When interest rates rise, these loan options can potentially land homebuyers in trouble.
Interest-Only ARM:
In an interest-only ARM, you only make interest payments only for a certain amount of time before beginning to make principle payments as well. When the delayed principal payments are added in, your payments will increase. Also the longer the introductory period is, the more this increase will be.
Hybrid ARM:
A hybrid ARM begins with a fixed-rate introduction phase and then transitions to an adjustable-rate period, as previously mentioned. A hybrid ARM's fixed-rate phase typically lasts three to ten years, and during the adjustable-rate period, rates vary at a predetermined frequency, such as once every six months or once a year.
Pros and Cons of an Adjustable-Rate Mortgage (ARM)
Pros
- You can budget and save money thanks to the low introductory rate before the adjustable-rate term begins.
- If you intend to sell the property in the near future, you can use the sale profits to settle your mortgage before the fixed-rate period expires.
- Your interest rate and monthly payments can go down if the index declines over time.
Cons
- A fixed-rate mortgage can be a preferable choice if you want to reside in the house for an extended period of time.
- Your monthly payments can become unmanageable if you don't know how interest rates will change.
- An ARM makes financial planning more challenging since you can never predict what your monthly payments will be from one year to the next.
Best place to get a drink on Whidbey Island
(Locally crafted spirits, wine and beer on Whidbey)
Great spirits have always encountered violent opposition
from mediocre minds.
~Albert Einstein
Click image to see properties for sale on South Whidbey Island
Einstein probably wasn’t referring to alcohol, but we are! From Cultus Bay Distillery to Whidbey’s several esteemed wineries to the Bunker’s unique collection of rich locally made liqueurs and beyond, Whidbey Island is the place to be.
No good story starts with a salad--in fact, a great story begins at Cultus Bay Distillery, an eclectic brand of in-house hard liquors. This small business is a local, island-bred company that even locals arrive at by word of mouth. Don’t let that fool you though--business is booming here. By the end of this, I hope to welcome you to the elite clientele of Whidbey Islands best-kept spirits.
My wife and I lovingly dubbed her Moonshine Kathy, but a lot of people will know her as Kathy Parks. At her distillery, you’ll find the strongest taste of the island in a little, home distillery run by the most seasoned and charming local.
Kathy’s story is a rare and unique one that resonates with all who hear it. In 1987 the Washington native lost her firefighter husband, Gary, while he was on the job. For about thirty years the mystery of who set the fire that killed him remained unsolved while Kathy and her two daughters mourned the heavy loss and navigated deep-seated grief.
While his family honors his memory via stories relayed to anyone who meets them, Kathy immortalizes him through her business. She thoroughly enjoys giving visitors a tour of the cozy distillery, how she makes the spirits, and the reason behind some of the names given to the various alcohols. One, in particular, stood out to me as I’m sure it does to everyone who stops by.
Kathy’s EFD 81 Whiskey is not only distinctive in name and taste, but it is also a special one in memory of Gary and his honorable work.
Another significant characteristic of Kathy’s distillery is how the spirits are made. They use traditional equipment of their own making to ensure authentic distillery processes. Kathy and her partners’ decades-long experience in the field certainly make Cultus Bay Distillery a business you want to keep on your radar as her customer base increases.
Be sure to carve out extra time for your visit to listen to Moonshine Kathy’s engaging stories and revel in her business experiences straight from the source. You’ll want to bring your wallet too, because if you try to leave with just one of her excellent alcohols you’ll end up leaving with one of everything.
Want to start your own story on Whidbey Island? -->
Click image to view property listings near Spoiled Dog Winery
Home is where the wine is--so just call Whidbey Island home. Spoiled Dog Winery hits the ball out of the park when it comes to places to sip on the island. Follow the path through a short stretch of woods that opens to a sprawling countryside of vineyards, fields, and blue sky! This winery is a great place to sit and visit for hours on end.
They offer snacks and treats of your choice to pair with their wine. Get a taste of all their offerings with a mixed, red, or white flight… or one of each! I personally like the mixed flight because you get a tasting of a white, rosé, and two reds.
Their staff is also very friendly and knowledgeable, and if you’re not a connoisseur, they are very eager to help you decide what you want. Patrick and Jake were excellent advisors and conversationalists on my last visit.
Looking to build your dream home near Spoiled Dog Winery?
The prize for a distinctive destination you’ll never forget, however, goes to Comforts of Whidbey in Langley. The views of sparkling water and surrounding mountains alone are spectacular. Just follow the little dirt road up and over the hill until you happen upon an expansive view of the valley and water below.
Here, they offer tastings from 11 am to 5 pm and full pours after. They offer wine tours throughout the year, and they provide live music on Sundays in the afternoons.
The owners, Rita and Carl Comfort, are the most sociable and engaging owners you’ll meet! While Rita poured during our tastings, I got to hear her story. Her husband is originally from the island, but they met on the other side of the country and lived in Australia for over a decade where they developed a taste for bold reds.
My favorite of their own reds, whose grapes are sourced from locations all over Washington, was the 2018 CMS. This Cab/Malbec/Syrah blend is being served for the first time this year, and according to Rita, may not have been created without the pandemic halting time and limiting resources. It is a miracle COVID baby to be sure!
Their B&B sets Comforts apart from the rest. Each room has a view of Puget Sound, and there is a complimentary flight of wine at check-in. The Comforts make it their mission to help visitors recharge their souls, whether you’re visiting for the day or staying overnight.
This is a popular destination for those looking to tour and buy homes. While the tasting room is only open Thursday through Sunday, Rita is always sure to leave wine and cheese out upstairs for overnight guests on off days. Sign me up!
Now, how about a splash of liqueur? The world-renowned Whidbey Island Distillery--or the Bunker as we islanders call it--is home to some of the top-rated liqueurs in the world. Their boysenberry liqueur, in fact, takes the gold as the top-rated alcohol in the world!
Depending on the season, this distillery also releases exclusive limited edition flavors. Summer’s raspberry liqueur with orange peel, my personal favorite, is to die for and sells out fast. Of course, all their liqueurs go great with their Bunker Rye Whiskey or any mixed cocktail you make at home. Visit the island and try it for yourself with a complimentary tasting!
Are you ready to make your real estate goals a reality?
And if that’s not (in) your cup of tea, Penn Cove Brewing Company is the place to be. They have locations in Coupeville, Freeland, and Oak Harbor--no matter which side you’re coming from, their taprooms are always accessible.
They have a wide selection of brews from Lagers to IPAs to Ciders. Be sure to come back, again and again, to try their seasonal ciders as they change all year round! This season’s was a surprising, unique peach cider that goes down easy and feels like the bittersweet last leg of summer.
In the outside seating area permanently sits the Braeburn food truck whose menu pairs perfectly with the brewery’s drink choices. Chicken waffles, fried chicken sandwiches, and so much more! From appetizers and snacks to full meals, you’ll have plenty to fill your stomach at this cool, casual brewery.
Whether you’re into wine, brews, or something harder, you can’t go wrong here. In a place like Whidbey Island, the good times are endless, and you’re never short of a deeply meaningful, unforgettable story.
Photos and blog entry contributed by:
Whidbey Island Hiking Trails Near Me
Your guide to gorgeous hiking trails on Whidbey Island
"I took a walk in the woods and came out taller than the trees."
~Henry David Thoreau
Click to see properties for sale on Whidbey Island
Are you willing? To get lost that is. With only one road in and out, a straight shot across the length of the island, it would be too easy to find your way back, but most of us come here to get lost.
If you like to drive, my chosen form of therapy, take an easy detour off 525 through Langley or Coupeville. Here, it’s always only one road to follow until you see a downtown. If you’re more adventurous or want to see what Island Life is like for the people who live here, take yourself down small roads unknown in Clinton and find quietude among the evergreens and in the wilderness.
Heggenes Road off of Dear Lake Road is a good ten-minute loop--fifteen if you’d like to leisurely drink in the scenery. There’s no rush on an unfrequented road. Plus, it spits you back out onto Holst Road, which is simply an extension of Deer Lake Road. From there it’s a straight shot back to the highway.
Often, the path less traveled is the one worth taking. If you’re inclined to step out of the comfort of your car and breathe the fresh cedar air, there are many walking and hiking trails. Winding seamlessly through the trees and open fields, the paths in the South Whidbey Sports Complex are just some of my favorites. For yet another uncomplicated detour from the main road-there are so many possibilities.
These trails in particular off Langley Road provide options and solace for the weary and the restless. Depending on which route you choose, the stamina you have, and what your goals are for getting outside, you can follow the longer trail that circles around the entirety of South Whidbey Community Park--weaving in and out of the forest--or opt for shorter loops that live and breathe among trees and stay within the sports complex area.
Wouldn't you love to live near all these glorious trails? -->
You can’t choose unwisely here, and each trail loops right back into the other. You can choose between five routes depending on your starting point (the park or the complex), and each one is under a mile. The park connector will take you between both parts of South Whidbey Community Park, and the Westling Loop will bring you right back to where you started in the complex.
The park connector, however, is a great place to start for would-be long haulers. It becomes a rather long loop if you take the Waterman Loop detour, giving you something new to look at each step of the way.
There is no end to each path nor the peace and solitude this place has to offer. Feel free to take a picture of the map posted at the beginning of the trails! There’s no getting lost… unless that was your goal for coming out here.
The dense wilderness is a different kind of captivating. For some more nature-immersive trails within the South Whidbey Parks & Recreation District jurisdiction, the Trustland Trails are a short distance up the road. With more than double the loops and dense vegetation, these trails are likewise suited for a wide range of endurance levels. Some run even shorter than the ones located at the Community Park, but don’t be fooled! If you put them all together you can get just as much exercise out of these wooded trails.
For some variety with optional beach views, head further up our beloved 525 toward Coupeville and discover Fort Ebey State Park. Of course, the whole place is a wonder, but Bluff and Kettles Trails are interestingly county-run despite their residence in a state park.
Click image to see properties in the Coupeville Area!
These two in particular model a true island-life marker for the curious visitor and the seasoned local. Be sure to visit the Bluff Trail to traverse the sprawling coastline! Part of this trail is actually privately owned but has been licensed to the county by the owner for hikers’ convenience. If you’re not up for a trail but want the view, take S Ebey Road by car all the way to the water. You can access the Bluff Trail right where the breathtaking overlook is located a couple stairways up from the beach.
For a longer route (nearly four miles round trip), enter through the Kettles Gate and take Kettles Trails through the heart of the reserve. It’s a straight shot to Bluff Overlook if you catch the very end of Campground Trail. If you decide to follow Kettles all the way through you’ll find a rest area and bathrooms. From that fork in the road the distance in either direction is under half a mile (roughly 0.06 or less). With so many options, the overlook is accessible for everyone!
And once you’ve traveled the not so beaten path, a good way to bookend your walk through the woods is a simple, graveled walk through Venture Out nursery. While Bayview Farm & Garden is one of our more traveled hotspots, this nursery offers just as much to folks who love to bring nature home. Amble down these interconnected paths at your leisure while admiring the kind of nature you can call your own. Any direction you walk carves an intentional path through various trees, flowers, and even custom raised flower beds. (The garden gift shop is a bonus!)
Looking to build your dream home near Bayview Corner on Whidbey Island?
Click image above to see properties near this delightful nursery.
Ultimately, no matter your level of experience in the wilderness, Whidbey Island holds space for anyone and everyone. It’s a safe yet exciting place to simply be. It’s easy to navigate, but more than willing to help you escape. It is a stronghold for all who wish to be a new person by the end of the day.
Photos and blog entry contributed by:
Q1 2022 Western Washington Real Estate Market Update
by Matthew Gardner
The following analysis of select counties of the Western Washington real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. We hope that this information may assist you with making better-informed real estate decisions. For further information about the housing market in your area, please don’t hesitate to contact your Windermere Real Estate agent.
Regional Economic Overview
The post-COVID job recovery continues. Though data showed the number of jobs dropped in January, February saw gains that almost offset the jobs lost the prior month. As of February (March data is not yet available), the region had recovered all but 47,000 of the more than 300,000 jobs lost due to the pandemic. Of note is that employment levels in Grays Harbor, Thurston, San Juan, and Clallam counties are now above their pre-pandemic levels. In February, the regional unemployment rate rose to 4.1% from 3.7% in December. Although this may be disconcerting, an improving economy has led more unemployed persons to start looking for a job, which has pushed the jobless rate higher. I expect the regional economy to continue expanding as we move into the spring and summer, with a full job recovery not far away.
Western Washington Home Sales
❱ In the first quarter of 2022, 15,134 homes sold, representing a drop of 5.8% from the same period a year ago, and down 31.7% from the fourth quarter.
❱ Yet again, supply-side constraints limited sales. Every county except Snohomish showed lower inventory levels than a year ago.
❱ Sales grew in five counties across the region but were lower across the balance of the counties contained in this report. Compared to the fourth quarter, sales were lower across all market areas.
❱ The ratio of pending sales (demand) to active listings (supply) showed pending sales outpacing listings by a factor of 6.7. Clearly, the significant jump in mortgage rates in the first quarter has not yet impacted demand. Rather it appears to have stimulated buyers partly due to FOMO (Fear of Missing Out)!
Western Washington Home Prices
❱ Although financing costs have jumped, this has yet to prove to be an obstacle to buyers, as prices rose 16.4% year-over-year to an average of $738,152. Naturally, there is a lag between rates rising and any impact on market prices. It will be interesting to see what, if any, effect this has in the next quarter’s report.
❱ Compared to the same period a year ago, price growth was again strongest in San Juan County, but all markets saw prices rising more than 10% from a year ago.
❱ Relative to the final quarter of 2021, all but Kitsap (-2.7%), Mason (-1.5%), Skagit (-1.8%), Jefferson (-6.3%), and Clallam (-0.1%) counties saw home prices rise.
❱ The market remains supply starved. While increases in “new” listings suggest that more choice is coming to market, it remains insufficient to meet demand.
Mortgage Rates
Average rates for a 30-year conforming mortgage were 3.11% at the end of 2021, but since then have jumped over 1.5%—the largest increase since 1987. The surge in rates is because the market is anticipating a seven- to eight-point increase from the Federal Reserve later this year.
Because the mortgage market has priced this into the rates they are offering today, my forecast suggests that we are getting close to a ceiling in rates, and it is my belief that they will rise modestly in the second quarter before stabilizing for the balance of the year.
Western Washington Days on Market
❱ It took an average of 25 days for a home to go pending in the first quarter of 2022. This was 4 fewer days than in the same quarter of 2020, but 2 days more than in the fourth quarter of 2021.
❱ Snohomish, King, and Pierce counties were the tightest markets in Western Washington, with homes taking an average of 11 to 15 days to sell. The greatest drop in market time compared to a year ago was in San Juan County, where it took 23 fewer days for homes to sell.
❱ All but five counties saw average time on market drop from the same period a year ago, but the markets where it took longer to sell a home saw the length of time increase only marginally.
❱ Quarter over quarter, market time dropped in Snohomish, King, and Pierce counties. Jefferson and Clallam counties also saw modest improvement. In the balance of the region the length of time a home was on the market rose, but seasonality undoubtedly played a part.
Conclusions
This speedometer reflects the state of the region’s real estate market using housing inventory, price gains, home sales, interest rates, and larger economic factors.
The numbers have yet to indicate that demand is waning amid rising interest rates, but this is sure to become a greater factor as we move into the spring. A leading indicator I pay attention to is changes to list prices and, in most counties, these continue to increase. This suggests that sellers remain confident they will be able to find a buyer even in the face of higher borrowing costs. If this pace of increase starts to soften, it may be an indication of an inflection point, but it does not appear to be that way yet.
Given all the factors discussed above, I have decided to leave the needle in the same position as the last quarter. The market still heavily favors sellers, but if rates rise much further, headwinds will likely increase.
About Matthew Gardner
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. Matthew has over 30 years of professional experience both in the U.S. and U.K.
In addition to his day-to-day responsibilities, Matthew sits on the Washington State Governors Council of Economic Advisors; chairs the Board of Trustees at the Washington Center for Real Estate Research at the University of Washington; and is an Advisory Board Member at the Runstad Center for Real Estate Studies at the University of Washington where he also lectures in real estate economics.
This Blog Entry Originally Appears on Windermere.com CLICK HERE TO VIEW
If you have always dreamed of building your own home, choosing your own layout, selecting dream finishes, and want all your desires in a home met then you will be looking for vacant land. This is a completely different world than buying a preexisting home where there is complete certainty when it comes to electricity, water, sewage, and condition. Uncertainty is not comfortable for everyone so let’s make sure you feel prepared and empowered.
First and foremost, if you ask anyone who has built their own home, they will tell you that even if you build a home from scratch you will not end up with a 100% perfect house. There are always compromises and unforeseen issues with layout, etc. Remember, vacant land is scarce and becoming scarcer, so if you find the perfect property with an imperfect house, perhaps you can consider a major remodel.
When buying vacant land, it is all about the level of certainty a parcel can provide you. A parcel that already has a water source, septic system, access/driveway, building site laid out, and electrical nearby is going to be extremely rare. Such a parcel will cost more because of the time and expenses already invested by the seller. There is also inherent value in the confidence you as a buyer can have that you will not run into complications that may make the land unsuitable for development.
Below are our TOP 5 recommendations when considering buying vacant land:
Find a vacant land purchasing specialist.
Complex is the word that comes to mind when thinking about vacant land purchases. Having a trusted guide who loves the complexity that comes with purchasing land is something you really want. Many brokers groan when they think about helping buyers with vacant land but there are a special few who just dig it! Find them! It will make all the difference. If you need a recommendation just call (360) 675-5953 and ask for a recommendation on a vacant land specialist from the manager.
Know your corners.
In the best-case scenario, there has been a survey done and the corners are clearly marked with modern official survey markers however, this is rare. You may need to negotiate to have this done by the Seller. There are other signs that can give an idea of where property lines fall though. One of the coolest technologies that most agents have nowadays is an app that uses geo-spatial technology to locate your position on a map in relation to property lines. An old-fashioned surveyor’s tape measure can help as well if you have a marker of some sort to start from. Fence lines, survey tape marking trees or branches, driveways, and other identifiers can give clues. Nothing beats a proper survey though and you are going to want that when it comes time to build.
Get as certain as possible on the big 5.
Water, sewage, electricity, access, and building envelope. These are the big 5 mysteries when you first look at a raw and overgrown piece of land. The more that these 5 things have been figured out and addressed by the Seller, the more valuable the property is. You are buying risk when these 5 are unknown. You cannot avoid risk completely but figuring out as much as you can about these 5 will help you move forward more confidently.
Work with a local builder.
Get the local builder to the lot sooner than later. Reputable builders on Whidbey will be able to help you through the feasibility process, have a great instinct for what is possible, contacts to get specialists out to the property, and experience working with Island County’s Building department. Here are 5 builders we recommend in no particular order…
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- Cascade Custom Homes
- Yonkman Construction
- Nautilus Construction
- Waldron Construction
- Turpin Construction
Know your critical areas.
Shorelines, native American artifacts, endangered animals and plants, steep slopes and bluffs, wetlands, and streams will affect the property in big ways. There are large set-back requirements for structures, wells, and septic systems around critical areas. You may get into a situation where you do not have much of a choice about where you can position your building site. These unknowns must be understood before you decide to close on the lot. Your Realtor can help you navigate this maze.
Each property is unique, and we could share a lot more with you on the topic of buying vacant land on Whidbey, but the truth is that the best thing you can do is find yourself an excellent guide who will help you assess what it is you are really looking for and how to narrow down the search. Good luck and do not forget your muck boots!
PHOTOS BY: Kelsey Kurtis
One of the very best things about autumn on Whidbey Island is being able to support all of our local farmers! Whether you’re looking for a Whidbey Island pumpkin patch recommendation or you’re new in town and want to start a tradition, you’ll find 3 excellent choices right here:
The Farm Stand at K & R Farms
Located at 36699 SR 20 Oak Harbor, Washington
Every Friday and Saturday night throughout October, you can embark on The Farm Stand’s Flashlight Corn Maze. The maze is open from dark until 10pm and is free for customers with a purchase. (A limited number of flashlights are available to rent if you don’t have one.) RSVP on Facebook here so you don’t forget! You can also stop by for fresh produce and of course, make time to go for a walk in the pumpkin patch.
Case Farm
Located at the end of Case Road Oak Harbor, Washington
Case Farm has been around since 1898, and they have been proud farmers for 5 generations now. This year they started a farm stand at the end of the pavement on Case Road where they sell an assortment of produce.
You can even stop by just to say hello to their animals (cows, turkeys, ducks, chickens, cats, and dogs)! Enjoy picking out a pumpkin in their field or buy some harvest decor and fresh fall produce while you’re at it. Little ones can take a turn at a toddler-friendly bale maze.
Case Farm also hosts educational visits for school and preschool groups to teach them about farming—visit their Facebook page for contact info!
Sherman’s Pioneer Farm
Located at 46 S Ebey Rd Coupeville, Washington
Established all the way back in 1852, this Whidbey staple shines extra bright when October comes around. Visit Sherman’s Pioneer Farm to stock up on pumpkins, edible squash, and gourds; go for a trolly ride to the pumpkin patch; pick up fresh pies and other baked goods; visit their cows, and more. In previous years they’ve had a hay bale maze and a haunted house too—and of course, there are photo ops around every corner!
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We all know moving can be stressful…
but have you stopped to consider how a move can affect your pets?
Here are a couple of suggestions to consider while moving to help make the transition easier on both you and your pets.
Contact Your Vet:
Let your pets’ vet know that you will be moving. Your vet can provide you good information for the best way to move with your pet and make sure you have enough medications for the duration of the trip. They can answer any questions you have and they might even be able to help you find a good vet in your new location if you are moving out of the area. Do not forget to get your pet’s records before you move.
Best Friend’s Veterinary Center
33285 WA-20, Oak Harbor, WA 98277
(360) 679-6796
North Whidbey Veterinary Hospital
1020 NE 7th Ave #4, Oak Harbor, WA 98277
(360) 679-3772
Penn Cove Veterinary Clinic
107 S Main St, Coupeville, WA 98239
(360) 678-6046
Central Whidbey Veterinary Services Inc
771 Patmore Rd, Coupeville, WA 98239
(360) 678-1881
Create a Moving Kit:
Gather supplies to keep your pet comfortable during the travel and supplies on hand for the first several days of unpacking.
- Pet food
- Food, Water, and Bowls
- Medication
- Grooming tools
- Toys
- Blanket
- Poop Bags
- Leash
- Treats
- Documentation and a picture
The Day of Packing:
Our pets feel anxieties, just like we do when things change around them. It is best during a move if you can keep them away from all the action. A simple option is often putting them in a kennel or letting them stay with a friend. If you cannot or do not want to do either of those; try making a quiet room in the house where they can safely stay away from all the hustle and bustle. It is also important to check on them often and try to walk them when you normally would.
Things to remember:
- Make sure they have enough ventilation
- Make sure they are not too hot or too cold
- Make sure they have enough food and water
- Let them have some toys
Taking Your Pet With You:
When possible, it’s best to travel with your pet to curb their anxiety. There are a lot of factors to consider when deciding the best way to transport your pet such as their age, temperament, size, and species. Regardless, it’s always important to ensure your pet’s safety when traveling which is why we have included a few links below with helpful pet gadgets.
Do Not Go Off-Leash in Unfamiliar Areas:
Remember that new locations mean unfamiliar areas. If your pet gets out while traveling they might get lost. Additionally, when you get to your new home it is important that you take the time to be with your pet to discover the new area so they don’t get lost and can find there way back to their new home. This is also an important reason to bring documentation and a picture of your pet with you in case they get lost.
Introduce One Room at a Time with Familiar Items:
Consider setting up one room first with familiar items for your pet to stay in while you prepare the rest of the house. Give your pet a lot of attention and slowly introduce them to each new room giving them plenty of time to adjust to their new surroundings and familiarize themselves with the new setting. You also might consider crating them when you leave them alone for the first few weeks. New environments can cause pets to break house training.
Things to do When You Get to Your New Location:
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It is that time of year when the fruits of our labors begin filling up not only our dinner plates but also become an integral part of beautifying the spaces around us. You guessed it, we are talking about SQUASH.
If you are anything like some of these green thumb agents, you have spent the past several months pouring your heart and soul into your garden prepping to produce these beautiful and tasty gems. But it is quite possible that you now have so many you do not know what to do with them. If that is the case keep reading for places you can donate your extras…. like my office.
Perhaps you are more like those of us that take advantage of the local Farm to Table programs our local farm community has to offer. You may have begun to receive these tasty treats in your special boxes. Keep reading to discover one of my favorite recipes.
BUT….maybe your most like me and you are… “Growing them…well… in the grocery store”. Let’s be honest autumn is my favorite time of year, but I wasn’t blessed with a green thumb. I am more like a big kid eagerly waiting for Shermans Farm to open so I can enjoy the full experience of finding the perfect squash for tonight’s dinner. I like sipping my warm cup of cider while riding on the tractor taking in the beautiful Whidbey farm views and snapping pictures of my kids next to the biggest pumpkins they can find.
Regardless of who you are, there is one thing we all have in common this season. We will all come into contact with SQUASH!
The majority of people will likely only use them as decorations, and that is ok. There is no denying these power-packed veggies are beautiful and studies show that sprucing up the space around you will make you feel happier. So, first things first…
Let’s Get Crafty:
CENTERPIECE
It can take as little or as much creativity as you desire. Place a variety of squash together with some leaves, flowers, candles, or acorns to spruce up your gathering space. For more inspiration follow one of our favorites local to our area: Erin Benzakein, founder of Floret. Floret is a Skagit Valley family-owned farm and seed company and New York Times Best Selling Author of A Year in Flowers for tutorials on arrangements.
OVERSIZED ACORN WITH ACORN SQUASH
Supplies you will need:
- Hot Glue Gun
- Hot Glue
- Twine
- Acorn Squash
Begin by placing a dab of glue at the top of your squash. Make a loop in the twine and attach the top of your squash. Place glue around the top ¼ of the squash and being laying your twine in a circular motion starting at the stem and continuing down to a ¼ of the squash, carefully laying each layer of twine up against the last.
For the Tummy:
Most importantly, squash provides a plethora of nutrients for our bodies. It is quite literally called a power-pack veggie. They are high in Vitamin A, B6, and C, folate, magnesium, fiber, riboflavin, phosphorus, and potassium.
The best thing about squash is that there are so many ways to eat it. I love it SO MUCH I am attaching one of my simple favorites.
BAKED ACORN SQUASH WITH BUTTER & BROWN SUGAR
Serves: 2-4 | Preparation: 10min | Cooking: 1 HR 15 min
Ingredients:
- 1 Acorn squash
- 1 Tbsp Butter
- 2 Tbsp Brown Sugar
- 2 teaspoons Maple Syrup
- Dash of Salt
DOWNLOAD THE FULL RECIPE CARD HERE!
Uplift the Community with Your Extras:
With all joking aside, if you have been blessed with having too much squash this year, the North Whidbey Help House in Oak Harbor, and Good Cheer Food Bank in Langley would love to have your donations.
Stay blessed. Have a favorite squash recipe or idea you want to share? Let us know in the comments below.
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