Category Archives: Home Buying

Love Where You Live: The Adventure

In other posts, I’ve written about the joy of loving where you live, and I certainly do! (When I say “love where you live,” I’m not just talking about the space you occupy, your home, or the town you live in, but also the region you inhabit.)

Loving the region where you live can take a bit more work than simply loving the house you live in, making an effort to get out and discover it to appreciate it. I thought about that recently when I had the privilege of accompanying one of my sons-in-laws on an overnight backpacking trip to one of his favorite places: La Push, Washington.

Not all destinations are easy to get to and this was one of them. La Push is a wild place where land meets water and jagged rock formations make stunning silhouettes against the brilliant red sun when it sets over the Pacific Ocean off Washington’s west coast. First, Second, Third, and Rialto Beaches are highly recommended there; we chose Second Beach, a mile-long stretch with several freshwater streams that meander from sand to sea. It’s one of the few places I’ve encountered where you’re still free to help yourself to driftwood for a fire.

You can’t see Second Beach by just pulling off the freeway at one of those visitor viewpoints and jumping out of your car for a quick look. No, this is one of those places that requires some planning and attention to detail to get there. So, we diligently packed our backpacks, grabbed our bedrolls and—oh, did I mention our bear cans?—and set out.

Once on the beach, we found a place to make camp: close to fresh water but far enough away from other campers to make us feel like we were miles away from anywhere and anyone. The continuous sound of the waves was both our lullaby and our alarm clock. No cell phones, no computers. It is some of the best of the wild that Washington has to offer.

This kind of adventure reminds me that many times, the best things in life take work to experience and appreciate. Loving where you live can require planning and preparation, not at all unlike buying and selling real estate. Buying a home—or selling one—is admittedly a lot of effort. But it also can afford you that sweet spot of being in a place that’s perfect at just the right time in your life.

My ocean adventure was worth every bit of effort it took to prepare for it and get there. It reinforced my conviction that the best things in life require effort—and reminded me how much I love where I live!

(c) 2017 Doug Lawrence. All Rights Reserved.

Doug Lawrence is a licensed broker with Keller Williams West Sound in Gig Harbor, Washington. He loves the opportunities the real estate profession gives him to help people love where they live! If you’d like to buy, sell, or invest in real estate in the Pierce or Kitsap County area, give him a shout (or a call, or an email): dlawrence@kw.com or 253.341.5287.

Determining Your Home’s Accurate Market Value

I recently contributed several hours to the Keller Wiliams booth at the Gig Harbor Maritime Festival, our town’s annual kick off to the summer season. Somehow the first weekend in June always turns out to be gloriously sunny, and a significant portion of the town’s population turns out for the parade, live music, street vendors, and the “blessing of the fleet,” harkening back to our fishing village roots.

At our booth, in addition to offering kids’ activities and a raffle for a wine basket, my colleagues and I endeavored to engage festival-goers with the teaser, “Would you like to find out how much your house is worth?” I was surprised by the number of people who were confident they already knew.

Do you know what your home is worth? I mean, do you really know its accurate value in today’s market?

With the advent of real estate search engines like Zillow and Red Fin, and our increasing reliance on technology, there is a general assumption that the app on your phone is accurate. Not necessarily.

House values can be determined in several ways. There is the tax assessed value, which is the formula your local government entity uses to determine the taxation value of your house and land. Then there is the market value determined via a professional consultation with a licensed real estate professional, which factors in square footage, amenities, location, and, most importantly, what similar houses have sold for within a reasonable distance from your home.

I used my own house as a test case and was surprised, although not really, to find a more than $100,000 spread between four different real estate apps. Most apps rely on algorhythms and public records to determine house values. Depending on their public record source, the information will vary based on the accuracy of the record. I’m sure this contributed to the erroneous values assessed to my own house, considering that, between the various reports, there was up to a 1000-square foot difference in the stated size of my house! (This is probably one reason why one of the best-known real estate search engines is currently being sued for inaccurate valuations.)

It’s important to remember that these discrepancies exist. If I were a seller, I would obviously want to sell my house for the highest price possible. And if I were a buyer, I would want to purchase for the lowest price. In the case of my home’s online assessed value, that could be a $100,000 discrepancy! That’s why, when it comes to determining your house’s value, it’s imperative that you enlist the help of a real estate professional to be your expert advisor.

In the current frenzied market (at least, in our area), it’s easy to become emotional and get caught in the trap of overpaying for a home just to have the winning bid. It’s not uncommon these days to see a house deliberately listed below market value, in anticipation of a bidding war between prospective buyers that can actually take the price far over market value. Don’t get sucked into this trap!

What I do for both my sellers and my buyers is to systematically assess a home’s true value. This takes into consideration:

  • location
  • size of house and property
  • number of bedrooms and bathrooms
  • overall condition of the house and property
  • age of the home
  • degree of finish
  • energy source and heating/air conditioning
  • fireplace and if so, what kind
  • kind(s) of flooring
  • number of covered parking spaces

All of these factors and more go into a systematic process of determining the value of the home you want to sell or purchase.

So back to my original question: Do you know what your home is worth? Perhaps you are pausing now before answering, because you realize the answer isn’t necessarily found in an app or an assumption. That’s where your local real estate professional can be an invaluable asset. Call for an APP-ointment today; it’s the most accurate real estate “app” at your disposal!

Doug Lawrence is a licensed real estate broker with Keller Williams West Sound in Gig Harbor, Washington. His mantra, both personally and professionally, is “love where you live!” He is an avid fan of the beautiful Pacific Northwest and enjoys helping people find their perfect fit. You can find him at www.douglawrencerealestate.com.