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FOR ALL THINGS REAL ESTATE AND LIFESTYLE ON THE SAN JUAN ISLANDS

Nov 28, 2022

IRS SECTION 1031 – TAX DEFERRED EXCHANGE

IRS SECTION 1031 - TAX DEFERRED EXCHANGE Another popular avenue for funding a real estate investment is utilizing a 1031 tax deferred exchange. During the last recession when appreciation was non-existent there were no gains for buyers and sellers to defer but in the current market, the use of the 1031 has made a strong return. As a 1031 exchange is a handy tool for deferring income tax on the sale of real estate, I thought you might desire more details about the program. A

Aug 18, 2022

Waterfront Parcels in San Juan County

If you own a waterfront parcel in the County, or hope to purchase one, I have detailed below some items to take into consideration. Historically, waterfront parcels were the most coveted investment in the islands but, due to ever changing regulations, they are now the most confusing parcels to develop. For REALTORs they can be a challenge to sell due to our inability to give buyers concrete answers to their questions while on site. Important Considerations Timing Once you

Feb 9, 2021

Corner Stakes and Purchasing Property

Corner stakes are one of the most important components of purchasing real estate, I have learned this over 25 years of selling real estate on San Juan. For the properties that transacted years ago, corner stakes were not a big issue; of course, nor was a water source, or a septic permit or archaeological areas. Times have changed in our rural area and the buyer must know what they are purchasing before they close. To make an informed purchase decision on any type of real est

Jan 1, 2021

Home Inspections and Their Role in the Real Estate Transaction

If you are a buyer or seller, I bet you thought just getting under contract was stressful for all parties but in reality, the home inspection and/or feasibility response and associated negotiations are often the more stressful event. Allowing a buyer to have a home inspection and hopefully a concurrent feasibility study is a very necessary part of the transaction. Seller’s Disclosure form 17 As required by statue, the seller must provide a disclosure about the property. Thi

Dec 22, 2020

Buying Property in the San Juans - Procedures to Purchase

1. Select an Agent to Represent You As you may be aware, all of the brokerage firms on San Juan Island are members of the Northwest Multiple Listing Service; therefore, any of the agents can assist you with any of the properties listed with Coldwell Banker San Juan Islands or other brokerage firms. One of the first steps in purchasing real estate on San Juan is to select an agent to represent you. Ideally you should select ONE agent that you feel will provide you with the lev

Sep 14, 2020

San Juan "No Name" Fishing Derby Video

This video shares how the locals create a derby just to get out of doing chores at the home. It also shows off my fish cleaning skills!! #fridayharborrealestate #MerriAnnSimonson #FishingintheSanJuans #ColdwellBankerSanJuanIslandsInc #fishingderby #rocheharborrealestate #SanJuanIslandLifestyle #SanJuanRealestateforsale

Jul 6, 2020

San Juan County Q2-2020 Real Estate Market Report

The second quarter results, which complete the first half of the year, in San Juan County were extremely good when considering the virus impact. Per the NWMLS, the dollar volume in San Juan County was $118,381,567 with a total of 201 transactions. The numbers reflect a 6% decrease in dollar volume and a 4% increase in the number of transactions as compared to the same period in 2019. For San Juan Island the transaction volume was $56,453,142 with a total of 91 transactions

Jun 2, 2020

San Juan Quick Real Estate Market Update 2020 Video

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Feb 23, 2020

San Juan Salmon Classic Fishing Derby Video

#fridayharborrealestate #sanjuanrealestateupdate #rocheharborderby #fridayharborsalmonclassicderby #SanJuanIslandLifestyleVideos #rocheharborrealestate #SanJuanRealestateforsale

Jan 30, 2020

San Juan Video - Real Estate 2020 with Purple Power

#sanjuanrealestateupdate #MerriAnnSimonson #ColdwellBankerSanJuanIslandsInc #PropertyBuyersinSanJuanCounty #SanJuanIslandLifestyleVideos #SanJuanRealestateforsale

Feb 15, 2019

Are You Considering Selling Real Estate on San Juan Island? Past Version

Thinking about selling your property? You may want to consider researching, collecting and completing the items detailed below. This is not a check list for planting flowers on your porch and painting your front door, you can go to the internet for that information. This list is to prepare sellers in San Juan County for marketing their property. The issues below are for regulatory compliance, contract performance, will prove beneficial and are worth the effort in the mark

Jan 2, 2019

San Juan Chardonnay Shopping Video

This video shares with you our holiday month. We enjoyed chardonnay shopping, office parties and so many local gatherings that I lost count. We had a blast. #fridayharborrealestate #MerriAnnSimonson #wwwsanjuanrealpropertycom #ColdwellBankerSanJuanIslandsInc #SanJuanIslandLifestyleVideos #rocheharborrealestate #SanJuanRealestateforsale

Aug 14, 2018

New Vacation Rental Permit Requirements

I have reviewed the County’s new Vacation Rental Permit requirements and I found them most reasonable, I think they did a good job. As a REALTOR, working in the field, I only noted two areas that may be difficult for some property owners to adapt to. Management plan on file at the County and with neighbors within 300 feet. The management plan must contain contact information of owners and a local representative if the owner lives off island. This person shall respond to emer

Jul 16, 2018

San Juan Real Estate Market Update Q2-2018

The second quarter results which complete the first half of the year for San Juan Island were similar to the first quarter. Per the NWMLS, the dollar volume on San Juan Island was $56,399,689 with a total of 108 transactions. The numbers reflects a 18% decrease in transaction number and a 22% decrease in dollar volume as compared to the same period in 2017. For San Juan County, the total dollar volume was $143,972,044 with a total of 245 transactions. The County’s gain wa

May 9, 2018

Boating in the San Juan Islands Video

#fridayharborrealestate #MerriAnnSimonson #ColdwellBankerSanJuanIslandsInc #SanJuanIslandLifestyleVideos #SanJuanIslandLifestyle #SanJuanRealestateforsale

Mar 20, 2018

San Juan Island Yacht Club Fishing Derby Video

This video shares how much fun we had the the San Juan Island Yacht Club sponsored St. Patrick’s Day fishing Derby. The video offers tips on fishing superstitions and lucky charms. #fridayharborrealestate #MerriAnnSimonson #ColdwellBankerSanJuanIslandsInc #SanJuanIslandLifestyleVideos #SanJuanIslandLifestyle #SanJuanRealestateforsale

Jan 11, 2018

SAN JUAN ISLAND REAL ESTATE MARKET SUMMARY

In reviewing the year-end results for 2017, the sales dollar volume for the real estate market in San Juan County per the Northwest Multiple Listing Service was $299,943,083 which reflects an increase in volume of 19.5% over 2016 when the volume was $251,020,953. The percentage of growth this year was very similar to the increase we enjoyed for the last several years; very stable controlled growth is much more sustainable. The County closed an average of 49.3 transactions p

Jan 3, 2018

SHORELINE MASTER PROGRAM – DOES IT REMOVE UNCERTAINTY OR INCREASE IT?

As you may or may not be aware, the County Council has recently adopted updates to the Shoreline Master Program (SMP), with the new regulations effective on October 30, 2017. Although the new regulations apply to all shoreline development, the focus of this article will be on regulations related to residential development in the County. I recently had the pleasure of processing a waterfront transaction where my clients had numerous questions about what they could change on t

Dec 12, 2017

What Islanders Do While Off Island Video

This video shares what islanders do while off island including speed shopping, meeting productivity goals and my favorite place to eat lunch. #fridayharborrealestate #sanjuanrealestate #MerriAnnSimonson #ColdwellBankerSanJuanIslandsInc #PropertyBuyersinSanJuanCounty #SanJuanRealestateforsale

Nov 28, 2017

Making Plumb Chutney San Juan Island Style Video

This San Juan Island lifestyle video offers tips on making plum chutney and doing yard work. #fridayharborrealestate #MerriAnnSimonson #ColdwellBankerSanJuanIslandsInc #PropertyBuyersinSanJuanCounty #SanJuanRealestateforsale