MEET THERESE

Do you realize that you may use all or a portion of your retirement funds to invest in real estate? Retirement accounts are basically Trust accounts for your benefit when you retire. In the 1970s, the IRS approved real estate as an investment option you can purchase with your IRA or a 401 (K). You may also obtain a non-recourse real estate loan that is granted to your self-directed IRA which will increase your purchasing power. Typically, the lender will loan up to 50% lo

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

While showing property I am often asked, if the home could be renovated and/or increased in size as the lot is perfect but the home is too small or too dated for the prospective buyer. As I have said numerous times, it is still more cost effective to buy existing and remodel than it is to build new construction. With new homes, the cost is $400-$500 per square foot, and it is 20 months before you can walk over the threshold. If you are buying a home that you intend to remode

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

All of us Island property owners received our tax assessment notices from the County recently. As real estate agents we have been fielding many questions about the statements and new assessments. As you may recall, the State has mandated that our Assessor’s office convert to an annual assessment update cycle versus the cyclical system we were on for years. The current values are for a one-year period only, and will be adjusted the next year. The current process is much mo

The third quarter results for San Juan Island and San Juan County were consistent with the first quarter results; very robust. The second quarter was in COVID shock but that gave way to a strong third quarter. Per the NWMLS, the dollar volume year-to-date on San Juan Island was $139,281,708 with a total of 188 transactions. This reflects a 65% increase in the dollar volume and a 38% increase in the number of transactions. For San Juan County, the total dollar volume was

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

The average American homeowner spends more than $1,200 a year on homeowners insurance. That’s about $100 a month, year after year, for a product most of us will never use. It makes sense to find the lowest rates possible. But get this: The average homeowners insurance claim pays about $16,000 to fix damage caused by wind, fire, hail, lightning, and other perils. If you needed to use your policy, you’d want a company that would come through for you. The $50 or $100 you’d

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If you are considering selling your home, you may be wondering what, if any, repairs you should make to increase the chances of getting a good offer. While the answer to that question will depend on the particulars of your home, some renovations provide a more significant return on investment (ROI) than others. And some repairs don’t equate to a specific ROI but increase chances of getting an offer. Evaluating your home If you are listing your home with a broker, they can he

#fridayharborrealestate #sanjuanrealestate #sanjuanrealestateupdate #ColdwellBankerSanJuanIslandsInc #SanJuanIslandLifestyleVideos #rocheharborrealestate

In reviewing the year-end results for 2019, the sales dollar volume for the real estate market in San Juan County per the Northwest Multiple Listing Service was $299,854,773 which reflects a small decrease in volume of 2.3% as compared to 2018 when the volume was $306,903,509.  The County closed an average of 37 transactions per month which is 19% below last year. Total volume on San Juan Island in 2019  was $139,593,052 as compared to $132,285,740 in 2018.  The increase was

This video shares with you how we won the big pot of gold fishing in the St Patrick’s Day San Juan Island yacht Club sponsored derby. #fridayharborrealestate #sanjuanrealestate #MerriAnnSimonson #FishingintheSanJuans #ColdwellBankerSanJuanIslandsInc #SanJuanIslandLifestyleVideos #rocheharborrealestate

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