Fairhaven Realty's Blog

Fairhaven Realty's Bloghttp://fairhavenrealty.com/What's New at Fairhaven Realty?en-usWed, 09 Jun 2010 17:24:00 GMT10GDRSSFeeds v1.0HEY, LOOK AT THE CURRENT INTEREST RATES!http://fairhavenrealty.com/blog/2010/06/09/hey-look-at-the-current-interest-rates<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>It’s cloudy in Bellingham, WA on this Wednesday, June 09, 2010. Did you take advantage of the sunny days to mow your lawn and weed your gardens? Ever since we put something on our lawn to curb the moss, the grass won’t quit…so when it <em>ain’t </em>raining, we’re mowing!</strong></span></span></p> <p align="justify">We here at Fairhaven Realty on Bellingham’s southside have been encouraging our prospective buyers to <strong>ACT NOW</strong> while the interest rates are at a real low! In fact, check the rates out! Quotes we are seeing vary…but on single-family residential, Wells Fargo quotes the interest rate at 4.75% on a 30-year fixed with the APR at 4.939%. Nicole Walker of Golf Savings Bank just E-mailed me a quote of 4.625% (1%) on a $250,000 30-year fixed, 20% down, with an APR at 4.874%.  A 15-year fixed at $250,000 with 20% down is at 4.125% (1%) with an APR of 4.343%. She says rates are continuing to lower. Good, huh!</p> <p align="justify">The rates for refinancing may be slightly different…so if you’re thinking along those lines, call your lending institution, or several others, and get their current interest-rate quotes.</p> <p align="justify">Do you want to buy, but don’t know if it is feasible for you? Call our office at 360-676-8990 with any questions about the buying process and the steps to take. Any one of our informed agents will be happy to help you.</p> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/06/09/hey-look-at-the-current-interest-rates" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/06/09/hey-look-at-the-current-interest-rates#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/06/09/hey-look-at-the-current-interest-ratesWed, 09 Jun 2010 17:24:00 GMTWeekend Family/Ski to Sea Eventshttp://fairhavenrealty.com/blog/2010/05/20/weekend-familyski-to-sea-events<div align="justify"> <span style="color: #0000ff"><strong>It's a cold day in Bellingham, WA this Thursday, May 20, 2010! The sky looks a little bluer than it did earlier...hopefully sunshine is on the horizon for the opening weekend of our Ski to Sea season.</strong></span></div> <div align="justify"> </div> <div align="justify">Are you looking for something to do this weekend? Do you like poetry? LaConner, a community to the south of us, is hosting the Skagit River Poetry Festival which runs this Thursday, May 20, through Saturday, May 22. The event is open to the public from 5:30 to 9:30 p.m. today, 2:00 to 9:30 p.m. on Friday, and from 8 a.m. to 8:30 p.m. on Saturday. </div> <p align="justify">Pulitzer Prize-winning poet Ted Kooser is among the internationally renowned poets appearing for the event. Also attending are Washington State Poet Laureate, Sam Green, Sherman Alexie, Michael Daley, Tim McNulty, Mary Lou Sanelli and Whatcom Countyï¿½s Jim Bertolino, Mary Cornish, Nancy Pagh and Jeremy Voigt. Musical entertainment by Robert Sarazin Blake. </p> <div align="justify"> Call (360) 422-6033 or go to skagitriverpoetry.org for a schedule of events and ticket information.<br /> ---------------------------------------------------------------------------------------------------------------------------------------------<br /> <strong>Bellingham'</strong><strong>s Ski to Sea events</strong> include the <span style="color: #0000ff"><strong>Ski to Sea carnival</strong> </span>at the Bellis Fair Mall - Sears parking lot  (May 20 through May 30) weekdays from 3 p.m. to late; weekends from 11 a.m. to late. </div> <strong> <div align="justify"><br /> Friday, May 21</strong> the <span style="color: #0000ff"><strong>Ski to Sea Junior Parade</strong> </span>begins at 6 p.m. in downtown Bellingham.</div> <div align="justify"><br /> <strong>Saturday, May 22</strong> the <span style="color: #0000ff"><strong>Ski to Sea Junior Race events </strong></span>take place beginning with an 8 a.m. check-in for the Elementary race at 9 a.m.; 10:30 a.m. check-in for Middle School race at 11:30 a.m.; 12:30 check-in for Community Race at 1:30. (Awards to follow each event) </div> <p align="justify"><strong>Used Book Sale</strong> at the Bellingham Public Library, 210 Central Ave. sponsored by Friends of the Bellingham Library runs Wednesday, May 26 10 a.m.-6 p.m. (preview, items double reg. prices); Thursday, May 27 10 a.m.-6 p.m.; Friday, May 28: 10 a.m. - 6 p.m. (items are half price); and Saturday, May 29 ($3 for all the books you can fit in a bag).  </p> <p style="font-size: 8pt; font-family: Times New Roman"> *Information gathered from the Bellingham Herald's Take Five May 20-27, 2010.</p><P><a href="http://fairhavenrealty.com/blog/2010/05/20/weekend-familyski-to-sea-events" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/05/20/weekend-familyski-to-sea-events#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/05/20/weekend-familyski-to-sea-eventsThu, 20 May 2010 14:39:00 GMTCountywide Open House event this weekend!http://fairhavenrealty.com/blog/2010/04/08/countywide-open-house-event-this-weekend<div align="justify"><span style="color: #0000ff"><strong>Bellingham, WA is enjoying a very sunny day on this Thursday, April 08, 2010. Can you believe snow showers are expected sometime after 11 p.m. tonight with temperatures dropping to the mid 30’s? Good thing the snow is not expected to accumulate!</strong></span></div> <div><strong></strong> </div> <div align="justify"><strong>What do you have planned for the weekend?</strong> Whatcom County Association of Realtors® is sponsoring a countywide Open House Event this Saturday and Sunday, April 10-11, 2010. Look for the Open House list in your Saturday morning Bellingham Herald or go to <a href="http://www.whatcomopens.com/"><strong style="text-decoration: underline">www.whatcomopens.com</strong></a> and download the entire list or a list for the day you plan to view homes. We have copies of the Open House list in our office if you wish to stop by and pick one up. </div> <p align="justify">Interest rates are rising, so <span style="color: #0000ff"><strong>now is the time to view and purchase</strong></span>. The Tax credit is still available for any Purchase and Sale Agreement signed by April 30, 2010. An additional 60 days are given to close the transaction. </p> <p align="justify">If you are a repeat buyer and you have owned a home for five consecutive years (out of the past eight years) as your primary residence, you can take advantage of the $6,500 Tax Credit. Your home purchase cannot exceed $800,000. Filing individually, your income cannot exceed $125,000 or $225,000 if married and filing jointly. You must be 18 years of age or older. </p> <p align="justify">If you are a first-time homebuyer there is an $8,000 tax credit available for you if you have not owned a home as your primary residence for the past three years. Your income cannot exceed $125,000 (filing individually) or $225,000 (married and filing jointly).</p><P><a href="http://fairhavenrealty.com/blog/2010/04/08/countywide-open-house-event-this-weekend" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/04/08/countywide-open-house-event-this-weekend#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/04/08/countywide-open-house-event-this-weekendThu, 08 Apr 2010 16:09:00 GMTWWU Spring Career Fair-April 22http://fairhavenrealty.com/blog/2010/04/07/wwu-spring-career-fair-april-22<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>It's cold today! It seems like winter on this Wednesday, April 07, 2010 in Bellingham, WA. Our spring flowers are probably a little confused. I was going to hibernate my winter coat, but decided it was toooooooo early!</strong></span></span></p> <p align="justify">A Spring Career Fair is being hosted by WWU on April 22, 2010. If you are seeking a job, Western Washington University invites you to attend. It is being held from 11 a.m. to 3 p.m. Thursday, April 22 in the Mac Gym of the Wade King Student Recreation Center. </p> <p align="justify">This event is sponsored by the WWU Career Services Center. It allows students and the general public to meet hiring managers from a broad range of private-sector companies, nonprofit organizations and government agencies. Admission to the fair is free. </p> <p align="justify">Some participating employers include: City of Seattle Parks and Recreation, Enterprise Rent-A-Car, Edward Jones Investment, Bellingham, Expeditors International, Fred Meyer Stores, NAPA Auto Parts, NOAA Northwest Fisheries Science Center, Peace Health/St. Joseph Hospital, Peace Corps, Rite Aid Corp, Target, U.S. Coast Guard, Whatcom Community College and others. Visit the Career Services Center Web site at <a href="http://www.careers.wwu.edu/"><strong>www.careers.wwu.edu</strong></a> for a complete listing of participating employers or call the Center at (360) 650-3240.</p> <p align="justify">Job seekers should bring resumes, research the companies in advance and dress in business attire. A free workshop, "How to prepare for the Spring Career Fair," teaches skills in approaching employers and will be held at 4 p.m. on Thursday, April 15 and at noon on Monday, April 19 in Viking Union (VU) 567. *</p> <p><span style="font-family: Times New Roman"> * </span><span style="font-family: Times New Roman"><span style="font-size: 8pt">www.careers.wwu.edu</span></span><span style="font-family: Times New Roman"><span style="font-size: 8pt"> & The Bellingham Herald, March 16, 2010 <em>Western Washington's</em><em> spring career fair April 22</em> by Dave Gallagher</span></span></p> <p><span style="font-family: Times New Roman"><span style="font-size: 8pt"> </span></span></p> <p> </p> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/04/07/wwu-spring-career-fair-april-22" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/04/07/wwu-spring-career-fair-april-22#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/04/07/wwu-spring-career-fair-april-22Wed, 07 Apr 2010 16:21:00 GMTPet Owners Beware!http://fairhavenrealty.com/blog/2010/04/06/pet-owners-beware<div align="justify"> <strong><span style="color: #0000ff"><span style="color: #0000ff">We see some blue sky among the clouds today, and the rain expected has not arrived on this Tuesday, April 06, 2010 in Bellingham, WA. So, if you haven't weeded your flower beds or mowed the lawn, it's a great day for doing so! Or, better yet, perhaps you should enjoy the Tulip Festival in Skagit County.</span> <div> </div> </span></strong><span style="color: red"><strong>PET OWNERS BEWARE!</strong></span> <br /> An email just arrived stating that a pet owner's young lab named Calypso devoured a large helping of Cocoa Mulch,  subsequently vomited and showed no other apparent signs of illness. The next day when the owner took Calypso for her morning walk, she had a seizure and died. </div> <p align="justify">While this story has not been verified, it is true that cocoa mulch can be harmful to pets. The lethal ingredient is "theobromine," and the cacao bean shells contain potentially toxic quantities of theobromine, a xanthine compound similar in effects to caffeine and theophylline. It is fairly well known that some animals should not eat chocolate and, according to the  experts, that warning applies to cocoa mulch as well.</p> <p align="justify">Most packaging of cocoa mulch makes it clear that it's not for human or animal consumption. It also appears that all cocoa mulch is not the same. One manufacturer, the maker of Mirana cocoa mulch, said that their mulch is the result of a series of processing steps and that the level of theobromine in their mulch is barely detectable.*</p> <p style="font-family: Times New Roman"> <span style="font-size: 12pt; font-family: 'Times New Roman'">*<span style="font-size: 8pt">www.truthorfiction.com - <em>Cocoa Mulch harmful to pets</em></span></span></p><P><a href="http://fairhavenrealty.com/blog/2010/04/06/pet-owners-beware" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/04/06/pet-owners-beware#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/04/06/pet-owners-bewareTue, 06 Apr 2010 15:11:00 GMTShredding Event Location Revision!http://fairhavenrealty.com/blog/2010/04/05/shredding-event-location-revision<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Fairhaven Realty in Bellingham, WA is enjoying a bay view with, as yet, no rain to hamper it on this Monday, April 05, 2010.</strong></span></span></p> <p>There has been a <span style="color: #ff0000"><strong>revision of  the location for the FREE Shredding Event </strong></span>in Fairhaven. Packo Private Wealth Management has decided to have the shredding truck park on the other side of their building…by the Medical Building in the dirt lot at street level (on 11<sup>th</sup> Street). This event is open to all businesses and clients of the Fairhaven Business District and will be held from noon to 3 p.m. on Saturday, April 17, 2010.</p> <p> Sorry, for the confusion our previous blog may have created. If you have any shredding needs, feel free to attend this event hosted by Packo Private Wealth Management.</p> <p> Sincerely,</p> <p> FAIRHAVEN REALTY</p><P><a href="http://fairhavenrealty.com/blog/2010/04/05/shredding-event-location-revision" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/04/05/shredding-event-location-revision#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/04/05/shredding-event-location-revisionMon, 05 Apr 2010 12:18:00 GMTQ & A 1031 Tax Exchangeshttp://fairhavenrealty.com/blog/2010/04/01/q-a-1031-tax-exchanges<span style="color: #0000ff"><strong>Clouds are building on this Thursday, April 01, 2010. A strong windstorm from the south is predicted for Friday morning/afternoon in Bellingham, WA  followed by some cold, wet weather…anything else new? </strong></span> <br /> <strong> <div><br /> <strong>QUESTIONS AND ANSWERS ON 1031 TAX EXCHANGES <span style="font-size: 10pt">(continued from previous blogs).</span></strong></div> <div align="justify"></strong><span style="color: red"><strong>I bought property as a single person and I would like to acquire the replacement property together with my spouse-how should this be done?</strong> <div></span>The most conservative way is to stay consistent and complete the exchange the same way it was started and to add the spouse after the completion of the exchange. An exception can be made if there is a lender requirement that the spouse has to be added in order to qualify for a loan. If an exchange is planned well ahead of time, another solution would be to add the spouse to the title of the currently held property. Timing should be discussed with the CPA.</div> </div> <p align="justify"> <span style="font-size: 8pt; font-family: Times New Roman">*Information gathered/quoted from the National Association of REALTORS® online library-1031 Exchange-FEA (Federation of Exchange Accommodations)</span></p><P><a href="http://fairhavenrealty.com/blog/2010/04/01/q-a-1031-tax-exchanges" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/04/01/q-a-1031-tax-exchanges#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/04/01/q-a-1031-tax-exchangesThu, 01 Apr 2010 16:09:00 GMTFree Attorney's Advice!http://fairhavenrealty.com/blog/2010/03/31/free-attorneys-advice<div align="justify"> <span style="color: #0000ff"><strong>Wednesday, March 31, 2010 started out sunny in Bellingham, WA with ominous clouds to the west. After checking the weather report, rain and thunderstorms are expected this afternoon with rain continuing through the weekend.</strong> </span> <div> </div> We at Fairhaven Realty are passing along some free attorney advice given to us via an Email. It seems a corporate attorney sent the following information out to the employees in his company. We are sure you, too, will benefit. <strong><span style="color: navy">The following is the advice given as it was passed along to us.</span></strong> </div> <p style="margin-left: 39.35pt; text-indent: -0.25in"><span style="font-family: Symbol">·<span style="font: 7pt 'Times New Roman'">        </span></span><strong><span style="color: red">Do not sign</span></strong> the back of your credit cards. Instead, put ‘<strong><span style="color: blue">PHOTO ID REQUIRED</span></strong>.’</p> <p style="margin-left: 39.35pt; text-indent: -0.25in"><span style="font-family: Symbol">·<span style="font: 7pt 'Times New Roman'">        </span></span>When you are writing checks to pay on your credit card accounts,<strong> <span style="color: red">DO NOT</span></strong> put the <strong><span style="color: red">complete account number</span></strong> on the ‘For’ line. Instead, just put the last <strong><span style="color: red">four numbers</span></strong>. The credit card company knows the rest of the number, and anyone who might be handling your check as it passes through all the check processing channels won’t have access to it. </p> <p style="margin-left: 39.35pt; text-indent: -0.25in"><span style="font-family: Symbol">·<span style="font: 7pt 'Times New Roman'">        </span></span>Put your work phone # on your checks instead of your home phone. If you have a P.O. Box use that instead of your home address. If you do not have a P.O. Box, use your work address.<span style="color: red"> <strong>Never</strong></span><strong> </strong>have your<strong> <span style="color: red">SS#</span> </strong>printed on your checks. (DUH!) You can add it if it is necessary. But, if you have it printed, anyone can get it. </p> <p style="margin-left: 39.35pt; text-indent: -0.25in"><span style="font-family: Symbol">·<span style="font: 7pt 'Times New Roman'">        </span></span>Place the contents of your wallet on a photocopy machine. Do both sides of each license, credit card, etc. You will know what you had in your wallet and all of the account numbers and phone numbers to call and cancel…Keep the photocopy in a safe place. I also carry a photocopy of my passport when I travel either here or abroad. We’ve all heard horror stories about fraud that’s committed on us in stealing a name, address, Social Security number, credit cards.</p> <div style="margin-left: 21.35pt">Unfortunately, I, an attorney, have first hand knowledge because my wallet was stolen last month. Within a week, the thieves ordered an expensive monthly cell phone package, applied for a VISA credit card, had a credit line approved to buy a Gateway computer, received a PIN number from DMV to change my driving record information online, and more. </div> <div style="margin-left: 21.35pt"> </div> <div style="margin-left: 21.35pt">But here’s some critical<strong><span style="color: blue"> information to limit the damage </span></strong>in case this happens to you or someone you know: </div> <ul style="margin-top: 0in" type="disc"> <li>We have been told we should <strong><span style="color: red">cancel</span></strong> our<span style="color: red"> <strong>credit cards immediately</strong></span>. But the key is having the toll free numbers and your card numbers handy so you know whom to call. Keep those where you can find them.</li> <li><strong>File</strong> a <strong><span style="color: red">police report</span></strong> immediately in the jurisdiction where your credit cards, etc., were stolen. This proves to credit providers you were diligent, and this is a first step toward an investigation (if there ever is one).</li> </ul> <p>      But here’s what is perhaps <strong><span style="color: red">most important of all</span></strong> (I never even thought to do this.):</p> <div style="margin-left: 39.35pt; text-indent: -0.25in"><span style="font-family: Symbol">·<span style="font: 7pt 'Times New Roman'">        </span></span><strong>Call </strong>the <strong><span style="color: red">3 national credit reporting organizations</span></strong> immediately to place a <span style="color: red">fraud alert </span>on your name and also call the Social Security fraud line number. I had never heard of doing that until advised by a bank that called to tell me an application for credit was made over the internet in my name.<br /> </div> <div style="margin-left: 39.35pt; text-indent: -0.25in" align="justify">       <span style="color: blue">The alert means any company that checks your credit knows your information was stolen, and they have to contact you by phone to authorize new credit. By the time I was advised to do this, almost two weeks after the theft, all the damage had been done. There are records of all the credit checks initiated by the thieves’ purchases, none of which I knew about before placing the alert. Since then, no additional damage has been done, and the thieves threw my wallet away this weekend (someone turned it in). It seems to have stopped them dead in their tracks</span>.</div> <div style="margin-left: 39.35pt; text-indent: -0.25in" align="justify">        </div> <div style="margin-left: 39.35pt; text-indent: -0.25in" align="justify">       Now here are the numbers you always need to contact about your wallet, if it has been stolen:</div> <div style="margin-left: 21.35pt">                 1.<strong> Equifax</strong>: 1-800-525-6285<br />                  2.<strong> Experian (formerly TRW)</strong>: 1-888-397-3742</div> <div style="margin-left: 21.35pt">                 3. <strong>Trans Union</strong>: 1-800-680-7289</div> <div style="margin-left: 21.35pt">                 4. <strong>Social Security Administration (fraud line)</strong>: 1-800-269-0271</div> <p style="margin-left: 21.35pt">Concluding Email comment: </p> <p style="margin-left: 21.35pt">We pass along jokes on the Internet; we pass along just about everything. If you are willing to pass this information along, it could really help someone that you care about.</p><P><a href="http://fairhavenrealty.com/blog/2010/03/31/free-attorneys-advice" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/31/free-attorneys-advice#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/31/free-attorneys-adviceWed, 31 Mar 2010 12:36:00 GMTFREE Shredding Event...Put April 17th on your calendar!http://fairhavenrealty.com/blog/2010/03/30/free-shredding-eventput-april-17th-on-your-calendar<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>The weather, while sunny, is rather cold in Bellingham, WA this Tuesday, March 30, 2010. What did you think of the windstorm we had Sunday evening? </strong></span></span></p> <p align="justify">A Shredding Party is coming to Fairhaven! On Saturday, <strong>April 17, 2010</strong> in the Fairhaven Realty front parking lot at 1100 11<sup>th</sup> Street, a Sanitary Service shredding truck will be parked. As it presently stands, the truck will be here from noon to 3 p.m. </p> <div align="justify">This community event is open to all Fairhaven businesses, clients and customers…so come one, come all….with the boxes of paper goods you wish to have shredded. You know…all that income tax paperwork etc. or the accumulation of stored records no longer needed!<br />  </div> <div align="justify"><span style="font-size: 10pt; font-family: Arial">Put April 17<sup>th</sup> on your calendar and be here to enjoy refreshments with Fairhaven Realty and Packo Private Wealth Management as we sponsor this event.</span></div><P><a href="http://fairhavenrealty.com/blog/2010/03/30/free-shredding-eventput-april-17th-on-your-calendar" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/30/free-shredding-eventput-april-17th-on-your-calendar#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/30/free-shredding-eventput-april-17th-on-your-calendarTue, 30 Mar 2010 17:12:00 GMTSandra Rinomato offers Tips to Help Your Home Sellhttp://fairhavenrealty.com/blog/2010/03/23/sandra-rinomato-offers-tips-to-help-your-home-sell-<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Bellingham, WA finds the weather cooler than predicted and slightly overcast on this Tuesday, March 23, 2010. </strong></span></span></p> <p align="justify"><strong>DO YOU HAVE YOUR HOME UP FOR SALE? </strong> Sandra Rinomato, host of HGTV’s popular “Property Virgins” show, says, “<strong>Get it clean, clean, clean</strong>. If your house isn’t clean, it instantly sends up negative thoughts that the home is not well maintained. If your house is spotless, you’re ahead of the game.” </p> <p align="justify">Rinomato advised ones to go even further, not stopping with just a spotless home. To increase your chances of making a sale, “stage” the house to make it as attractive as possible. Until recently, “Staging meant pulling out all the stops - setting the dining table with your best china and crystal, arranging flowers, lighting candles,” she said. “Now we take the minimalist approach. Basically, you want to strip the house to its bare essentials, depersonalize it so potential buyers can superimpose themselves and their lifestyle on the house.”</p> <p>The following are <strong>ten staging tips</strong> offered by Rinomato to help your home sell:</p> <ul style="margin-top: 0in" type="disc"> <li> <div align="justify">Visit model homes and examine shelter magazines for inexpensive decorating ideas. Keep in mind you are not decorating for yourself but for the general public.</div> </li> <li> <div align="justify">Start with the outside. Give the house a fresh coat of paint, add shiny hardware to the front door and plant a few flowers to send a subliminal message the house is loved and well cared for.</div> </li> <li> <div align="justify">Declutter every room to make it look larger. Get rid of family pictures, trophies and knickknacks. Closets and drawers should be no more than 30% full.</div> </li> <li> <div align="justify">Invest in eco-friendly but bright lights. Open drapes. “Light, bright rooms give the impression this is a happy place - and everyone wants to move into a happy place,” said Rinomato.</div> </li> <li> <div align="justify">Feature only a few pieces of furniture with mainstream appeal. Pull pieces away from walls to make rooms look bigger.</div> </li> <li> <div align="justify">Make sure a room’s primary use is obvious. A bedroom should look like a bedroom, not an office, hobby center or gym.</div> </li> <li> <div align="justify">Bedrooms and kitchens are difficult to stage because they are in daily use, but make the effort. Clear everything off the counters and nightstands, roll up the rugs and hide the laundry hamper. Buff the cabinets with car wax and clean under the sinks. Invest in pristine white bed linens and towels.</div> </li> <li> <div align="justify">Minimize the “pet effect.” Remove food bowls and litter boxes to the utility room. Deodorize thoroughly.</div> </li> <li> <div align="justify">Organize the utility room and garage. Hang up the bicycles, roll up the hose. Renting a storage locker is worth the cost ifit helps you sell faster and for a higher price.</div> </li> <li> <div align="justify">Once your house is staged, invite your friends or Realtor over and walk them through to get an objective opinion.</div> </li> </ul> <p align="justify"> <span style="font-size: 8pt">*RISMedia-http://rismedia.com, 10 Staging Tips to Help Your Home Sell posted by Susanne on March 18, 2010 in Homeowner’s Toolkit.</span></p><P><a href="http://fairhavenrealty.com/blog/2010/03/23/sandra-rinomato-offers-tips-to-help-your-home-sell-" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/23/sandra-rinomato-offers-tips-to-help-your-home-sell-#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/23/sandra-rinomato-offers-tips-to-help-your-home-sell-Tue, 23 Mar 2010 12:39:00 GMTQ & A 1031 Tax Exchangeshttp://fairhavenrealty.com/blog/2010/03/22/q-a-1031-tax-exchanges<div align="justify"> <span style="color: #0000ff"><span style="color: #0000ff"><strong>It's warm and sunny in Bellingham, WA on this Monday, March 22, 2010. It is expected to reach 65 degrees tomorrow. Over the weekend, I noticed an apartment complex with its swimming pool already open and tenants thoroughly enjoying it! </strong> <div></span></span><br /> <strong>QUESTIONS AND ANSWERS ON 1031 TAX EXCHANGES <span style="font-size: 10pt">(continued from previous blogs).</span></div> </div> <div align="justify"></strong><strong><span style="color: #ff0000"><span style="color: #ff0000">What is Mortgage Boot?</span></span></strong></div> <div align="justify">Mortgage Boot consists of liabilities assumed or given up by the taxpayer. The taxpayer pays mortgage boot when he assumes or places debt on the replacement property. The taxpayer receives mortgage boot when he is relieved of debt on the replacement property. If the taxpayer does not acquire debt that is equal to or greater than the debt that was paid off, they are considered to be relieved of debt. The debt relief portion is taxable, unless offset when netted against other boot in the transaction.</div> <div><strong><br /> <span style="color: #ff0000">What is Cash Boot?</span></strong></div> <div>Cash Boot is any boot received by the taxpayer, other than mortgage boot. Cash boot may be in the form of money or other property.</div> <p> <strong style="color: #ff0000">What are the boot "netting" rules?</strong></p> <ul style="margin-top: 0in" type="disc"> <li>Cash boot paid offsets cash boot received</li> <li>Cash boot paid offsets mortgage boot received (debt relief)</li> <li>Mortgage boot paid (debt assumed) offsets mortgage boot received</li> <li>Mortgage boot paid does not offset cash boot received </li> </ul> <p style="font-size: 8pt" align="justify"><span style="font-family: Times New Roman"> *Information gathered/quoted from the National Association of REALTORS® online library-1031 Exchange-FEA (Federation of Exchange Accommodations)</span></p><P><a href="http://fairhavenrealty.com/blog/2010/03/22/q-a-1031-tax-exchanges" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/22/q-a-1031-tax-exchanges#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/22/q-a-1031-tax-exchangesMon, 22 Mar 2010 15:58:00 GMTIn Foreclosure? Buying a Foreclosure? Read This!http://fairhavenrealty.com/blog/2010/03/18/in-foreclosure-buying-a-foreclosure-read-this<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>It is presently sunny and beautiful in Bellingham, WA. I’m told this weather is expected to remain through the weekend!</strong></span></span></p> <p align="justify">Are you in the process of buying a bank foreclosure or a short sale? Are you in the process of being foreclosed upon? There may be serious defects in the title associated with these types of lender controlled sales and foreclosures. </p> <p align="justify"> I don’t know how to make a complex story short…but somehow in the reassignment of some mortgages (bundled packages of debt sold to investors around the world), if not all mortgages, the deed of trust did not go with the note that was purchased. The practical effect of splitting the deed of trust from the promissory note is to make it impossible for the holder of the note to foreclose, unless the holder of the deed of trust is the agent of the holder of the note. Without the agency relationship, the person holding only the note lacks the power to foreclose in the event of a default. The person holding only the deed of trust will never experience a default because only the holder of the note is entitled to payment of the underlying obligation. The mortgage loan becomes ineffectual when the note holder does not hold the deed of trust.</p> <p align="justify">Check out the ruling of Judge Keith Long of the Massachusetts Land Court on October 14, 2009. He said, “The issues in this case (U.S. Bank v. Ibanez /Judge Keith-Long -) are not merely problems with paperwork or a matter of doting i’s and crossing t’s. Instead they lie at the heart of the protections given to homeowners and borrowers by the Massachusetts legislature.” </p> <p align="justify">He was referring to the industry practice of trading notes endorsed in blank, in direct violation of securities law. He said on that point: “The blank mortgage assignments they possessed transferred nothing…in Massachusetts, a mortgage is a conveyance of land. Nothing is conveyed unless and until it is validly conveyed. The various agreements between the securitizations entities stating that each had a right to an assignment of the mortgage are not themselves an assignment and they are certainly not in recordable form.”</p> <p align="justify">Other states have made similar judgments. They include Kansas, California, Nevada, Arkansas and Ohio.*</p> <div><strong> RAMIFICATIONS/CONSEQUENCES OF THE ABOVE RULINGS</strong>: </div> <ul> <li> <div align="justify">If you are a homeowner facing foreclosure, consider <em>Ibanez</em> a gift. You now have a powerful tool to argue for the invalidation of the foreclosure sale. </div> </li> <li> <div align="justify">If you are contemplating purchasing a property out of foreclosure or are selling a previously foreclosed property, pray that there’s an existing title insurance policy on the property and ask the title company to insure over the issue. (Some are willing to do this, some are not.)</div> </li> <li> <div align="justify">Or, the expensive option is to hire an attorney to file a Land Court “quiet title” action to validate the proper assignment of the mortgage loan, assuming you can track the documents down and they were not backdated. (In Ibanez, the lender couldn’t produce the assignment until 14 months after the auction.)</div> </li> <li>Or, sit, wait and see how the Land Court and appellate courts will rule ultimately.**</li> </ul> <div style="font-size: 8pt"><span style="font-family: Times New Roman">*Broker/Agent Social, Buyer Beware, Title Defects Plague Foreclosures and Short Sales by George Mantor<br /> **Online: Ibanez  Update: Massachusetts Land Court Decision Invalidates Foreclosures Based On Post-Sale Assignments by Richard D. Vetstein, Esq. on August 27, 2009</span></div> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/03/18/in-foreclosure-buying-a-foreclosure-read-this" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/18/in-foreclosure-buying-a-foreclosure-read-this#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/18/in-foreclosure-buying-a-foreclosure-read-thisThu, 18 Mar 2010 12:08:00 GMT...and yet another Federal Tax Credit! Need a new roof?http://fairhavenrealty.com/blog/2010/03/16/and-yet-another-federal-tax-credit-need-a-new-roof<p align="justify"> <span style="color: #0000ff"><strong>It’s been a rainy, windy Tuesday, March 16, 2010 in Bellingham, WA. However, our mild winter has brought us an early spring…Blossomed trees adorn our streets and homes, daffodils are cheering us up, primroses are being planted in gardens, and we are now mowing our lawns on a consistent basis <span style="font-family: Wingdings">L</span>. </strong></span> </p> <p align="justify"><strong>Did you KNOW</strong>…that there is a tax credit for re-roofing your home with Energy Star qualified materials? What qualifies? Any metal or asphalt (including shingles and modified bitumen rolled roof product) roofing material that has appropriate pigmented coatings specifically and primarily designed to reduce the heat gain of a dwelling unit when installed on the dwelling. Roof coatings alone are not eligible for the credit. The material must meet or exceed Energy Star program requirements in effect at the time of installation. The material must be installed on your principal residence and be expected to last 5 years or have a 2-year warranty.</p> <p align="justify">The amount of the federal credit: 30% of the cost up to $1500 (does not include installation costs.).</p> <p align="justify">The material must be placed into service between January 1, 2009 and December 31, 2010. A Manufacturer’s Certification (a signed statement from the manufacturer certifying that the product qualifies for the tax credit), which is often available from the manufacturer’s Web site. The certificate should be kept in your records along with your receipt. When filing, submit IRS Tax Form 5695 (version 2010) with your tax return.*</p> <p style="font-size: 8pt; font-family: Times New Roman"> *Dan Vandervort’s HomeTips.com-<em>Home Roofing 2009 - 2010 Federal Tax Credit</em></p><P><a href="http://fairhavenrealty.com/blog/2010/03/16/and-yet-another-federal-tax-credit-need-a-new-roof" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/16/and-yet-another-federal-tax-credit-need-a-new-roof#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/16/and-yet-another-federal-tax-credit-need-a-new-roofTue, 16 Mar 2010 17:21:00 GMTNew FHA Rules-What will they mean for you?http://fairhavenrealty.com/blog/2010/03/08/new-fha-rules-what-will-they-mean-for-you<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Monday, March 08, 2010 finds the weather in Bellingham, WA sunny, cool and crisp! </strong></span></span></p> <p align="justify">FHA is establishing some new rules which may make it harder for working households to secure safe and affordable home financing. Their policy changes are designed to shore up the FHA's capital reserves and help the agency do a better job of managing risk.</p> <p align="justify">"Striking the right balance between managing the FHA's risk, continuing to provide access to underserved communities, and supporting the nation's economic recovery is critically important," FHA Commissioner David Stevens said in a statement. </p> <p align="justify">John Anderson, a 30-year real estate veteran who chairs the National Association of Realtors®, states that these changes, while serious, are reasonable."I think the FHA is doing the right thing."</p> <p align="justify">Anderson acknowledges that many households will be adversely affected. Buyers will have to either spend more to secure financing or scale down what they buy.</p> <p>Proposed changes are:</p> <ul style="margin-top: 0in" type="disc"> <li> <div align="justify">FHA is raising its upfront mortgage insurance premium to 2.25 percent from 1.75 percent</div> </li> <li> <div align="justify">Boosting the minimum down payment to 10 percent for borrowers with a credit score of 580 and below (it stays at 3.5 percent for everyone else)</div> </li> <li>Reducing permissible Seller concessions from 6 percent to 3 percent</li> <li> <div align="justify">The FHA is also seeking legislation to raise the annual mortgage insurance premium to a level above the current cap of .55 percent. Authority has already been given to institute the other changes.</div> </li> </ul> <p align="justify">Anderson, says the impact of the changes will be subtle in his market area where the median home price is under $200,000. For many first-time buyers, including younger households that haven't had a chance to develop much of a credit history, the credit-score floor will be a hurdle because the minimum 10 percent down payment will simply be out of reach unless they can get help from elsewhere, like family.  </p> <p align="justify">The reduced seller concessions will hurt, too, because these funds typically help buyers take care of closing costs like title insurance and the mortgage origination fee. "With that now limited to 3 percent, buyers might have to come up with another 1 percent of the mortgage amount," Anderson says. </p> <p align="justify">Higher up-front mortgage insurance premiums won't affect the amount of cash buyers will need to raise, as that can be financed. But it will affect how much house they can afford, and could increase their monthly payments by $50 to $100. "That extra cost can have a big impact," he says.</p> <p align="justify">Since the FHA commands about 40 percent of the mortgage market nationally and far more that that in regions like the Midwest (with a strong tradition of using FHA-insured loans), Anderson thinks these hurdles are a reasonable price to pay to ensure a healthier FHA.*</p> <p>*<span style="font-size: 8pt; font-family: Times New Roman">REALTOR, March 2010, Real Life <span style="font-size: 8pt; font-family: ">News-Trends-Tools</span>: <em style="font-family: ">A Price Worth Paying-Buyers will be pinched by FHA's new rules</em>, by Robert Freedman</span></p><P><a href="http://fairhavenrealty.com/blog/2010/03/08/new-fha-rules-what-will-they-mean-for-you" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/08/new-fha-rules-what-will-they-mean-for-you#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/08/new-fha-rules-what-will-they-mean-for-youMon, 08 Mar 2010 12:48:00 GMTHelpful Hints from Bellingham Police Dept.!http://fairhavenrealty.com/blog/2010/03/03/helpful-hints-from-bellingham-police-dept<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>It’s a sunny Wednesday, March 03, 2010 in Bellingham, WA. Let’s hope tomorrow is the same. </strong></span></span></p> <div align="justify"><strong><span style="font-size: 12pt; color: #333399"><strong>HELPFUL HINTS FROM OUR BELLINGHAM POLICE DEPT.</strong><br /> </span></strong><strong>Did you KNOW</strong>…that back-in angle parking is prohibited? 11.33.035 - no person shall back a vehicle, other than a motorcycle, into a space signed or marked for angle parking. This restriction shall not apply to commercial vehicles during actual loading and unloading or to construction vehicles during the loading or unloading of tools and/or building materials.</div> <div align="justify"> </div> <div align="justify"><strong>HAVE YOU COPIED</strong> down the brand name, model and serial numbers of important electronic items, tools, bikes etc. and kept them in a safe place? Bellingham Police in their March 2010 Block Watcher states that hundreds of items go unclaimed and are destroyed by the Bellingham Police Department each year because property was found but people were unable to provide police with brands, models and serial numbers of their stolen items to match up with items recovered. (Some people engrave initials or markings on their property so it is identifiable as theirs.)<br /> <span style="color: #333399"><strong>Copying down this information tor identifying your items  helps in two ways:</strong></span></div> <ul style="margin-top: 0in" type="disc"> <li>It increases your chances of recovering some of your stolen items</li> <li>Police may be able to charge the people with the found items with “Possession of Stolen Property.”</li> </ul> <div><strong>BEING A GOOD WITNESS!</strong></div> <div align="justify">When witnesses to a crime call 911 for police assistance, one of the most common descriptions is “male, unknown race, wearing jeans and a hoodie.” …and how many in Bellingham match that identity? Yes, a good portion of Bellingham. If this is the only description you can get, that’s OK, but there are other things it would be helpful to note as listed below:</div> <ul style="margin-top: 0in" type="disc"> <li>Race</li> <li>Hair length and color</li> <li>Height, body type (small, average, heavy) facial hair</li> <li>Piercings, tattoos</li> <li>Shoes, logos and/or brand names printed on the clothing</li> <li>Smells on the person are helpful such as tobacco or alcohol. If you hear them speak, anything unusual such as accent, slurred speech due to alcohol consumption etc.</li> <li>Direction of travel and mode of transportation (i.e. on foot, bikes, car, etc.)*</li> </ul> <p> <span style="font-size: 8pt; font-family: Times New Roman">*Bellingham Police Block Watcher, City of Bellingham, March 2010</span></p> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/03/03/helpful-hints-from-bellingham-police-dept" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/03/helpful-hints-from-bellingham-police-dept#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/03/helpful-hints-from-bellingham-police-deptWed, 03 Mar 2010 15:19:00 GMTTips for Sellers and Buyers!http://fairhavenrealty.com/blog/2010/03/02/tips-for-sellers-and-buyers<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Tuesday, March 2, 2010 finds Fairhaven Realty in Bellingham, WA bustling with activity. Our morning meeting was topped off with an agent tour of new listings. Some are busy finalizing sales, others are working to complete listings, closings are happening and the list goes on….</strong></span></span></p> <p align="justify">Ericka Pizzillo Cohen, a writer for The Bellingham Herald, has compiled a list of tips gathered from local real estate agents and inspectors and included them in her July 23, 2009 article, <em>Dealing in Details</em>. These tips will prove valuable for buyers who want to look beyond the surface of a home and for sellers who want the best sales price. </p> <div>Today we will address<strong> </strong>the tips for<strong> ROOFING </strong>as listed by Cohen.<br /> <strong><br /> TIPS FOR BUYERS:</strong></div> <ul> <li> <div align="justify">Don’t be embarrassed to bring binoculars, since you won’t be able to bring a ladder and get up on a roof during a home showing. Or, bring a digital camera, take pictures at a good angle and blow them up on your computer at home to get a view of the shingles. </div> </li> <li> <div align="justify">Walk down or across the street to get a good view of the roof shingles. Look for curling, uneven or missing roof tiles as well as the number of roof layers. A roof should have no more than two layers.  </div> </li> <li> <div align="justify">If the shingles look new, but the flashings are still rusted and bent, the work might not have been professionally done. </div> </li> <li> <div align="justify">Look for roof vents. Typically you should see one vent for every 300 square feet of roof surface.</div> </li> </ul> <p> <strong>TIPS FOR SELLERS:</strong></p> <ul> <li> <div align="justify">Remove all moss from the roof. Roofs are designed to remove water, but moss acts as a sponge, keeping water on the roof all the time. </div> </li> <li> <div align="justify">If there is a problem with a newer roof, check if the roof’s warranty will save the cost of repair.</div> </li> <li>Use a stiff broom or chemical product to remove moss.</li> <li>Remove and replace cupping or curling shingles.</li> <li> <div align="justify">If you can’t afford to replace a roof before a sale, get an estimate and consider a deal with the buyer to pay for the roof after sale. It’s usually in your interest to get your own estimates for a new roof.</div> </li> </ul> <div> <strong>FROM THE EXPERTS:</strong></div> <div align="justify">“It’s good to know what’s going on with the roof before you get into a contract for a house,” said Anne Cantrell, associate broker with Coldwell Banker Miller-Arnason in Bellingham.  </div> <p align="justify">“The most important parts of a house are the roof and the foundation,” said Dennis Louthan, owner of WIN Home Inspection in Lynden.  </p> <p align="justify">“Most homeowners will use black tar at the drop of a hat,” said Aaron Long, owner of Aaron Long Roofing in Maple Falls. “Tar around penetrations is usually a good indication of previous leaking and future problems.”</p><P><a href="http://fairhavenrealty.com/blog/2010/03/02/tips-for-sellers-and-buyers" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/02/tips-for-sellers-and-buyers#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/02/tips-for-sellers-and-buyersTue, 02 Mar 2010 11:32:00 GMTQ & A 1031 Tax Exchangeshttp://fairhavenrealty.com/blog/2010/03/01/q-a-1031-tax-exchanges<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Monday, March 01, 2010 finds the weather a bit cool in Bellingham, WA. Our area has certainly experienced a very mild winter. Trees are blossoming, daffodils are blooming, grass is growing and spring is just around the corner!</strong></span></span></p> <div align="justify"><strong>QUESTIONS AND ANSWERS ON 1031 TAX EXCHANGES <span style="font-size: 10pt">(continued from previous blogs).</span></strong></div> <div><span style="color: red"><strong>What is the difference between “realized” gain and “recognized” gain?</strong></span></div> <div>Realized gain the increase in the taxpayer’s economic position as a result of the exchange. In a sale, tax is paid on the realized gain. Recognized gain is the taxable gain. Recognized gain is the lesser of realized gain or the net boot received. </div> <div> </div> <div><span style="color: red"><strong>What is boot?<br /> </strong></span>Boot is any property received by the taxpayer in the exchange which is not like-kind to the relinquished property. Boot is characterized as either “cash” boot or “mortgage” boot. Realized gain is recognized to the extent of net boot received.  <p class="MsoNormal" style="font-size: 8pt; font-family: Times New Roman">*Information gathered/quoted from the National Association of REALTORS® online library-1031 Exchange-FEA (Federation of Exchange Accommodations)</p> </div> <div> </div> <div> </div><P><a href="http://fairhavenrealty.com/blog/2010/03/01/q-a-1031-tax-exchanges" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/03/01/q-a-1031-tax-exchanges#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/03/01/q-a-1031-tax-exchangesMon, 01 Mar 2010 11:11:00 GMT...and the WINNER IS?...http://fairhavenrealty.com/blog/2010/02/25/and-the-winner-is<div align="justify"><span style="color: #0000ff"><strong>The sky is blue in Bellingham, WA this Thursday, February, 25, 2010! I drove home in a really heavy rainstorm last night-felt sorry for the many bikers that got caught in it!</strong></div> <div> </div> <div align="left"></span><strong>Did you KNOW...</strong>that <strong>Scottish terrier, 'Sadie,'</strong> won the prestigious <strong><em>Best in Show</em> </strong>award at the Westmin-ster Kennel Club championship held at Madison Square Garden, Tuesday, February 16, 2010? NY Daily News describes her as 'saucy' and said she just breezed past 2,500 contenders and seven finalists to take the award. She came into the show with 111 <em>Best in Show</em> ribbons. </div> <p align="justify">When her victory was announced and her trainer, Gabriel Rangel, was being congratulated by a swarm of people, Sadie got up on her hind legs and wagged her tail furiously as if to say, "Hey, what about me?"</p> <p align="justify">Sadie came to the show with a rather 'comical'  history. Two years previously, she got spooked at Madison Square Garden. Her handler's new shoes were too squeaky, the wooden boards covering the ice hockey rink thumped too loudly and a stray TV monitor threw her, too. Then last February, she had a potty accident on the green carpet while coming out to take her place in the final ring. So, Sadie is now the TOP DOG and has definitely redeemed herself! **</p> <p style="font-size: 8pt; font-family: Times New Roman">*Information gathered/quoted from NYDailyNews.com by Erica Pearson and Leo Standora & The Bellingham Herald, Tuesday, February 16, 2010, <em>Scottie looks to be top dog</em>.</p><P><a href="http://fairhavenrealty.com/blog/2010/02/25/and-the-winner-is" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/25/and-the-winner-is#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/25/and-the-winner-isThu, 25 Feb 2010 16:03:00 GMTLike to read? Public Library Book Sale Now!http://fairhavenrealty.com/blog/2010/02/24/like-to-read-public-library-book-sale-now<div><span style="color: #0000ff"><strong>We had a rainy beginning this Wednesday, February 24, 2010 in Bellingham, WA, but the sun is now shining!</strong> </span> <div> </div> <strong>ENJOY READING?</strong> Don't miss out on the opportunity to get 'nearly new' books and benefit the library, too!</div> <p align="justify">'Friends' of the Bellingham Public Library are putting on a major book sale to benefit the Library. The support group raised about $80,000 for the Bellingham library last year through its internet, community and 'nearly new' sales. </p> <p align="justify">Four major sales are held each year. The first this year will be February 24-27, beginning with the 1-6 p.m. preview sale today, Wednesday, Feb. 24<sup>th</sup>. Books are double the marked price. Books are regular price on Thursday, half-price Friday and $3 a bag on Saturday. With a 10 a.m. start those three days.</p> <div align="justify">About 125 of the group's members volunteer to help at the sales. For each major sale, volunteers sort through more than 250 boxes of books acquired through donations from the public and ones culled from the library's collection.*</div> <div> </div> <div style="font-size: 8pt; font-family: Times New Roman" align="justify">*Info gathered from The Bellingham Herald online- Feb. 21, 2010, /<em>'Friends' sale at Bellingham library starts Wednesday by</em> Michelle Nolan</div><P><a href="http://fairhavenrealty.com/blog/2010/02/24/like-to-read-public-library-book-sale-now" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/24/like-to-read-public-library-book-sale-now#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/24/like-to-read-public-library-book-sale-nowWed, 24 Feb 2010 15:34:00 GMTAre you purchasing a home needing minor renovation? Read on...http://fairhavenrealty.com/blog/2010/02/23/are-you-purchasing-a-home-needing-minor-renovation-read-on<p><span style="color: #0000ff"><span style="color: #0000ff"><strong>It feels like winter this Tuesday, February 23, 2010 in Bellingham, WA. We’ve been spoiled the past few weeks with such nice, warm weather. We were even thinking spring, but alas, today is a reminder that we have a bit of a wait!</strong></span></span></p> <p align="justify"><strong>Are you thinking of purchasing a home</strong>, but the one you like within your price range requires repairs per the inspection? You don't want to drain what little bit you have in your savings. Ask your real estate agent about the Streamline (k) Limited Repair Program to augment FHA’s existing Section 203 (k) rehabilitation program for less extensive repairs and improvements.</p> <p align="justify">The Streamline (k) program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. This program includes the discretionary improvements and/or repairs listed below: </p> <ul style="margin-top: 0in" type="disc"> <li>Repair/replacement of roofs, gutters and downspouts</li> <li>Repair/replacement /upgrade of existing HVAC systems</li> <li>Repair/replacement of flooring</li> <li>Minor remodeling, such as kitchens, which does not involve structural repairs</li> <li>Painting, both exterior and interior</li> <li>Weatherization, including storm windows and doors, insulation, weather stripping, etc.</li> <li>Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens</li> <li>Accessibility improvements for persons with disabilities</li> <li>Lead-based paint stabilization or abatement of lead-based paint hazards</li> <li>Repair/replace/add exterior decks, patios, porches</li> <li>Basement finishing and remodeling, which does not involve structural repairs</li> <li>Basement waterproofing</li> <li>Window and door replacements and exterior wall re-siding.</li> <li>Septic system and/or well repair or replacement</li> </ul> <p align="justify">Given the need for homeowners to make minor repairs without exhausting personal savings, and in consideration of the increasing cost of materials, the minimum repair cost of $5,000 is eliminated and the ceiling in now raised to $35,000. This revised maximum repair/rehabilitation amount recognized the cost of making older homes more energy efficient. When the repairs exceed $15,000, the mortgagee must perform or obtain an inspection to determine that all listed repairs were completed. </p> <p align="justify"> Properties that require the following work items are NOT eligible for financing under the Streamline (k):</p> <ul style="margin-top: 0in" type="disc"> <li>Major rehabilitation or major remodeling, such as the relocation of a load-bearing wall</li> <li>New construction (including room additions)</li> <li>Repair of structural damage</li> <li>Repairs requiring detailed drawings or architectural exhibits</li> <li>Any repair or improvement requiring a work schedule longer than 6 months or</li> <li>Rehabilitation activities that require more than 2 payments per specialized contractor</li> </ul> <p align="justify"> Also  mortgagors may NOT use the Streamline (k) program to finance any repairs that would: </p> <ul style="margin-top: 0in" type="disc"> <li>Necessitate a “consultant” to develop a Specification of Repairs/Work Write-Up</li> <li>Require a plan reviewer</li> <li>Require more than 6 months to complete</li> <li>Result in work not starting within 30 days after loan closing, or</li> <li> <div align="justify">Cause the mortgagor to be displaced from the property for more than 30 days during the time the rehabilitation work is being conducted. (FHA anticipates that, in a typical case, the mortgagor would be able to occupy the property after mortgage loan closing.) ** </div> </li> </ul> <p style="font-size: 8pt"><span style="font-family: Times New Roman">**www.hud.gov Mortgagee Letter 2005-50</span></p><P><a href="http://fairhavenrealty.com/blog/2010/02/23/are-you-purchasing-a-home-needing-minor-renovation-read-on" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/23/are-you-purchasing-a-home-needing-minor-renovation-read-on#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/23/are-you-purchasing-a-home-needing-minor-renovation-read-onTue, 23 Feb 2010 13:37:00 GMTQ & A 1031 Tax Exchangeshttp://fairhavenrealty.com/blog/2010/02/22/q-a-1031-tax-exchanges<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>We've just enjoyed a beautiful weekend in Bellingham, WA, and this Monday, February 22, 2010 proves to be equally as nice. It's hard to believe we're having weather this warm in February!</strong></span></span></p> <div><strong>QUESTIONS AND ANSWERS ON 1031 TAX EXCHANGES <span style="font-size: 10pt">(continued from previous blogs).</span></strong></div> <div align="justify"><strong><span style="color: #ff0000"><span style="color: #ff0000">Can the proceeds from the relinquished property be used to make improvements to the replacement property?</span></span></strong></div> <div align="justify">Yes. This is known as a Build-to-Suit or Construction or Improvement Exchange. It is similar in concept to a reverse exchange. The taxpayer is not permitted to build on property she already owns. Therefore, an unrelated party or parking entity must take title to the replacement property, make the improvements, and convey title to the taxpayer before the end of the exchange period. </div> <div align="justify"> </div> <div align="justify"><span style="font-size: 8pt; font-family: Times New Roman; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">*Information gathered/quoted from the National Association of REALTORS® online library-1031 Exchange-FEA (Federation of Exchange Accommodations)</span></div><P><a href="http://fairhavenrealty.com/blog/2010/02/22/q-a-1031-tax-exchanges" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/22/q-a-1031-tax-exchanges#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/22/q-a-1031-tax-exchangesMon, 22 Feb 2010 12:34:00 GMTQ & A 1031 Tax Exchangeshttp://fairhavenrealty.com/blog/2010/02/18/q-a-1031-tax-exchanges<div align="justify"><strong><span style="color: #0000ff">What a beautiful day this Thursday, February 18, 2010 is in Bellingham, WA. The weather report indicates more of the same-even through the weekend!</span></div> <div> </div> <div><strong>QUESTIONS AND ANSWERS ON 1031 TAX EXCHANGES </strong><span style="font-size: 10pt">(continued from previous blogs).</span></strong></div> <div align="justify"><span style="color: #ff0000"><strong>What is a reverse exchange?<br /> </strong></span>A reverse exchange, sometimes called a “parking arrangement,” occurs when a taxpayer acquires a Replacement Property before disposing of their Relinquished Property. A “pure” reverse exchange, where the taxpayer owns both the Relinquished and Replacement properties at the same time, is not allowed. The actual acquisition of the “parked” property is done by an Exchange Accommodation Titleholder (EAT) or parking entity. </div> <div> </div> <div align="justify"><span style="color: #ff0000"><strong>Is a reverse exchange permissible?<br /> </strong></span>Yes. Although the Treasury Regulations still do not apply to reverse exchanges, the IRS issued “safe harbor” guidelines for reverse exchanges on September 15, 2000, in Revenue Procedure 2000-37. Compliance with the safe harbor creates certain presumptions that will enable the transaction to qualify for Section 1031 Tax-deferred Exchange treatment. </div> <div> </div> <div><span style="color: #ff0000"><strong>How does a reverse exchange work?</strong></span></div> <div align="justify">In a typical reverse (or “parking”) exchange, the “Exchange Accommodation Titleholder” (EAT) takes title to (“parks”) the replacement property and holds it until the taxpayer is able to sell the relinquished property. The taxpayer then exchanges with the EAT, who now owns the replacement property. An exchange structured within the safe harbor of Rev. Proc. 2000-37 cannot have a parking period that goes beyond 180 days. </div> <div> </div> <div><span style="color: #ff0000"><strong>What happens if the exchange cannot be completed within 180 days?</strong></span></div> <div align="justify">If a reverse exchange period exceeds 180 days, then the exchange is outside the safe harbor of Rev. Proc 2000-37. With careful planning, it is possible to structure a reverse exchange that will go beyond 180 days, but the taxpayer will lose the presumptions that accompany compliance with the safe harbor. </div> <p><span style="font-size: 8pt; font-family: Times New Roman">*Information gathered/quoted from the National Association of REALTORS® online library-1031 Exchange-FEA (Federation of Exchange Accommodations)</span></p> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/02/18/q-a-1031-tax-exchanges" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/18/q-a-1031-tax-exchanges#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/18/q-a-1031-tax-exchangesThu, 18 Feb 2010 14:21:00 GMTUpcoming Fairhaven events!http://fairhavenrealty.com/blog/2010/02/17/upcoming-fairhaven-events<div align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>It's a very sunny Wednesday, February 17, 2010 in Bellingham, WA. If you have yard work to do, today would be a great time to get caught up on it. It seems the grass is growing by leaps and bounds. Our lawn received its  first haircut of the season on Monday. </strong> <div> </div> </span></span>Spring is just around the corner and a lot of events are planned for the Fairhaven District of Bellingham, WA. The Dirty Dan Days Seafood Festival is being held on the Village Green Saturday, April 24 and Sunday, April 25, 2010 from 10:30 a.m. - 5 p.m. The event is "mostlyï" free, but there is a $10 cost for the chowder tastings. </div> <p align="justify">On Saturday, enjoy Seafood booths, live music, interactive games, Friendliest Catch Kids Contest, Dan Harris history, Salmon Toss Contest, Pro Fish Fillet Contest, Dirty Dan Look-a-Like & 1800's Dress Contest, Cupcake Eating Contest, toy boat building, felting and cooking demos by the Big Fat Fish Co.</p> <p align="justify">At 10 a.m. on Sunday is the Dan Harris Challenge Rowing Race followed by live music, the Chuckanut Chowder Cook-Off, the Chowder Awards and as a finale, the Piano Race on Harris Ave at 4:15 p.m. </p> <p align="justify">Fairhaven Realty is open on Saturday and Sunday for those of you attending the event who might possibly be interested in making Bellingham your home. Stop by for a free map and a friendly chat with any one of our knowledgeable agents. They would be happy to help you find the home of your dreams.</p> <p align="justify">Oh, by the way, <strong><span style="color: #0000ff"><strong>Friday, February 19 from 7-8</strong> </span></strong>pm enjoy the free event, Family Stories at Fairhaven Library. The Bellingham Public Library presents members of the Bellingham Storyteller's Guild as they weave family stories for ages 6 & up (including adults) at the Fireplace Room at the Fairhaven Branch. </p> <p align="justify">Free on <span style="color: #0000ff">Saturday, <strong>February 20 from 2-3 </strong>pm.</span> is "The Noiseguy" at Fairhaven Library. The Fairhaven Branch of the Bellingham Public Library invites families with children ages 4 and up to make reading fun and...noisy. Learn how to make the sounds of animals, machinery, nature, funny voices and more with Sound Coach, Charlie "the Noiseguy"  Williams. Event is  held in the auditorium. *</p> <p><span style="font-size: 8pt; font-family: Times New Roman"> *Events as outlined at Fairhaven.com </span></p> <p> </p><P><a href="http://fairhavenrealty.com/blog/2010/02/17/upcoming-fairhaven-events" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/17/upcoming-fairhaven-events#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/17/upcoming-fairhaven-eventsWed, 17 Feb 2010 15:49:00 GMTTips for Sellers and Buyers!http://fairhavenrealty.com/blog/2010/02/16/tips-for-sellers-and-buyers<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Our realtors are busy this Tuesday, February 16, 2010 at Fairhaven Realty in Bellingham, WA. Sales meeting is over, tour of new listings accomplished, conference room presently engaged with agents and clients, floor calls coming in…So, if you’re in the market to buy or sell a home or just have questions about the process, our busy agents are equipped and willing to help.</strong></span></span></p> <p align="justify">Ericka Pizzillo Cohen, a writer for The Bellingham Herald, has compiled a list of tips gathered from local real estate agents and inspectors and included them in her July 23, 2009 article, <em>Dealing in Details</em>. These tips will prove valuable for buyers who want to look beyond the surface of a home and for sellers who want the best sales price. </p> <p>Today we will address<strong> </strong>the tips for<strong> INSULATION </strong>as listed by Cohen.</p> <div> <strong>TIPS FOR BUYERS:</strong></div> <div align="justify">Homes built before 1980 typically do not have insulation in exterior walls unless the owner has added blown-in insulation. </div> <div align="justify">Water stains along the outside of ducts in an indication of condensation and leaks.</div> <div align="justify">Ask for utility bills, as well as averages for the year, to get an indication of any insulation problems in the house.</div> <div align="justify">After sale, consider an energy audit by a trained professional. The audit will determine where insulation, caulking and other fixes can seal up a house and lower energy bills.</div> <div align="justify">Look for banks that offer loans with additional cash to improve energy efficiency in a house. Although rarely used by banks, some regional banks are considering using the existing federal rules. </div> <strong> <div><br /> TIPS FOR SELLERS:</strong></div> <div align="justify">Never use duct tape on ductwork! The cloth material degrades over time. Instead use mastic, which doesn’t become brittle. </div> <div>Make sure heating ducts and hot water pipes are insulated.</div> <div align="justify">Investigate new tax credits for energy efficiency products if you want to add insulation before a sale.</div> <div align="justify">Also check for rebates available for attic, wall and crawl space insulation through your natural gas company. </div> <div align="justify">Advertise your insulation work on the home. Insulation that can decrease energy bills in a home is considered a selling point.</div> <div> </div> <div><strong>FROM THE EXPERTS:</strong></div> <div align="justify">“If you have an older home, a buyer can easily improve the insulation in a home in the attic and crawlspace,” said Whatcom County real estate agent Neal Cox. “It’s something a buyer can improve on a house without a tremendous expense.”</div> <p align="justify">“A buyer can’t really see a lot of insulation in a house during a viewing. But if it’s an older house they should know that it probably has inadequate insulation,” said Robert Stockmann, owner of Pinnacle Inspections.</p> <p align="justify">“Insulation is important,” said Ron Lembcke, partner in Lembcke Insulation LLC. “Once you start making payments on a home, you’ve also got to be able to afford the utility bills.”</p><P><a href="http://fairhavenrealty.com/blog/2010/02/16/tips-for-sellers-and-buyers" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/16/tips-for-sellers-and-buyers#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/16/tips-for-sellers-and-buyersTue, 16 Feb 2010 11:58:00 GMTCheck your W-2 Forms for Accuracy!http://fairhavenrealty.com/blog/2010/02/15/check-your-w-2-forms-for-accuracy<p align="justify"><span style="color: #0000ff"><span style="color: #0000ff"><strong>Today, February 15, 2010 started out foggy in Bellingham, WA, but we found ourselves enjoying some sun from about noon on. The forecast is for sun all day tomorrow. </strong></span></span></p> <p align="justify">Today is the day! Yes, the absolute deadline day for receiving your W-2’s (or 1099’s?) is February 15, 2010 (however, no mail delivery today-so give it until tomorrow if you’ve not received yours yet). Many received their W-2 forms from their employers on February 1. An employer can send the forms electronically with your consent. If you still don’t have them by February 15, call the IRS at 800-829-1040.</p> <p> Once you get your forms, take a good look at them and check the following:  </p> <ul style="margin-top: 0in" type="disc"> <li>Match the reported earnings with your year-end pay stubs and make sure they agree. </li> <li>Make sure that your name and mailing address are correct. </li> <li>Verify that your Social Security number is correct.</li> <li>Married or divorced? Did you officially change your name? Make certain that the information is accurate on your W-2 form.</li> </ul> <p align="justify">A Do’s and Don’ts Fact Sheet by Greatland can be found at its Web site, greatland.com, to help businesses avoid making mistakes with W-2 forms. (i.e. make sure all copies are readable; do include decimal points in the monetary entries; don’t complete forms by hand; don’t use dollar signs or commas in the monetary entries in Copy A).*</p> <p>*Information gathered from The Bellingham Herald/business/<em>Don’t wait to check W-2s for accuracy</em>, February 15, 2010</p><P><a href="http://fairhavenrealty.com/blog/2010/02/15/check-your-w-2-forms-for-accuracy" target="_blank">Permalink</a> | <a href="http://fairhavenrealty.com/blog/2010/02/15/check-your-w-2-forms-for-accuracy#comments" target="_blank">Comments</a></P>Fairhaven Realtyhttp://fairhavenrealty.com/blog/2010/02/15/check-your-w-2-forms-for-accuracyMon, 15 Feb 2010 17:19:00 GMT