Vote Me In !!!

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16299109_10207853583726809_7796586227477253072_nhttp://olympia.secondstreetapp.com/l/Best-of-South-Sound-2016/Ballot/Services

 

Click the picture….or Click Link right above here … Create a login and password…. Go to Services…. Realtor…WRITE ME IN! & Real Estate Office… Write in  – Keller Williams Realty South Sound in…

Past, present and current advocates… Please Vote Me In.   Thank you !!!

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Repairs Not Done Right….

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That loose tile, rotting deck or wobbly ceiling fan could result in you getting sued if someone visiting your home gets injured because you failed to carry out adequate maintenance.

The problem with dangerous areas is that while the homeowner may be fully aware of the trouble spot, anyone visiting the home may not be as informed and homeowners may get sued if injuries occur.

A case discussed in a recent newsletter published by attorneys Smith Tabata Buchanan Boyes (STBB) highlights the legalities around this issue. The case – Muller vs Lawrence – involved an injury sustained due to a loose tile at the top of a stairwell. Interestingly, although the court found that the homeowner wasn’t liable in this particular instance, it wasn’t due to the fact that the homeowner wasn’t negligent, but rather that the applicant wasn’t able to prove that she fell because of the loose tile (it had been raining and there were conflicting reports as to how the incident occurred, with the hospital records stating she had fallen up the stairs and the applicant noting she had fallen down). The applicant also couldn’t prove that the homeowner was aware of the broken tile and therefore he could not be held liable.

The outcome could have been very different had it been proved the homeowner was aware of a problem that could possibly lead to injury. In this instance the applicant was seriously injured and was suing for R750 000. Before you argue that your insurance would cover you in the event of something like this happening, it’s unlikely that your insurer would pay out if it found that you as the homeowner were aware of the problem, but neglected to rectify it. In other words, read the wording of your insurance policy with care.

Generally speaking the only winners in these situations are the lawyers and the best way to avoid high legal costs is to keep your home in tip top shape.

Obviously accidents can happen regardless of how careful the homeowner is, but it may be a good idea to conduct regular inspections and fix any potential hazards before they become major problems.

Common problem areas include:

  • Wooden decks. Untreated or old decks that are not maintained can rot. Unfortunately, the damage may not be visible from the top of the structure and regular inspections should be undertaken to assess if there is any damage underneath the structure.
  • Uneven paving or potholes in the tarred driveway. Replace or relay any paving stones that could lead to injury. Repair holes in the driveway.
  • Keep an eye on any large trees in the garden and prune any dead limbs.
  • Get on the roof and reattach loose tiles.
  • Regularly inspect stairways to ensure there are no loose tiles. Likewise, your carpeted stairs should be wrinkle and fray free.
  • Don’t wait for an accident to happen – replace slippery tiles around a pool area with a nonslip variety.
  • Inspect light fittings to ensure they are firmly fixed to the ceiling. Replace old, rusty fittings if necessary.
  • Regularly inspect your ceiling fans – ensure the blades are balanced properly. Check the ceiling fitting to ensure the appliance is firmly affixed and replace rusty blades.
  • Ensure that all electrical items are earthed and that there are no exposed wires. Conduct regular inspections on items such as washing machines and dishwashers and repair any leaks.

Burying your head in the sand and adopting an ‘it will never happen to me’ approach could end up costing you a friendship, not to mention a small fortune in legal fees. Remember negligent homeowners found wanting by the courts could also be held liable for the complainant’s legal costs as well as the amount claimed for injuries.

The lesson in all of this? Get your home in apple pie order and keep yourself, your family and your friends safe.

Help your clients settle into their new home

You just helped your client find the home of their dreams. But as soon as they move in, they realize they’re missing everything they need to keep the major appliances running smoothly.

You can be the hero!
With just a few clicks, create a library of appliance manuals and warranty documents that will be waiting for your clients the day they move in… all easily accessible anytime through HomeKeepr.

Inspections and walk-throughs
The next time you’re at an inspection or finishing up a walk-through… here’s what you do:
  • Open the My Clients section of HomeKeepr for Professionals
  • Select a client (make sure you’ve invited them first)
  • Click  Add Appliances 
  • You’ll be prompted to snap pictures of the appliance ID tags (model and serial number)
That’s it! Within 48 hours your client will find a library of appliance manuals they’ll have at their fingertips anytime they need it… and they’re going to be thrilled to learn that you’ve gone the extra mile for them.

It isn’t Doom and Gloom

This isn’t doom and gloom, but there  are some signs to pay attention to. While over last year both sales and prices are up….we are seeing a sharp decline locally & nationwide in “interest” from the public. Seasonally there are lots of reasons sales slow down in the Fall & Winter. However, we’ve seen a sharp drop off in new listings coming to the market. At the same time, the amount of showings homes are getting are dropping off as well.
This does NOT mean the market is going to crash. But, with appraisals holding up the process much longer than they traditionally have combined with neighborhoods playing “leap frog” with climbing prices the last 4 years; it would be easy to say that the skyrocketing prices are coming to an end… or at least stabilizing.
Selling is still great as far as timing. There are two key reasons for this. First, there is less competition from other homes. Motivated Buyers are just that….MOTIVATED, and when they have less to choose from you can stand out. Secondly, prices are still much higher than several years ago. It’s said that timing is everything. Is your time now? If you want to find out what your home is potentially worth just click the link below. Or you can email me at philharlan@philharlan.com or call me at (360) 701-5688. No obligations of course, I’m here to help!

worth

The Cost of NOT Owning Your Home

Owning a home has great financial benefits. Because of this, more and more experts are growing concerned about the ramifications of a falling homeownership rate. Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

The outcomes of a falling homeownership rate can be devastating. As explained by ApartmentList.com:

“Our research indicates that not owning a home has a sizable financial cost, as renters miss out on low mortgage rates and are hit by higher rents.

This phenomenon may exacerbate inequality in our society, as those wealthy enough to invest in real estate benefit from lower interest rates, whereas minorities and younger Americans, hit by rising rents and student debt, risk being locked out of homeownership.”

What proof exists that owning is financially better than renting?

1. A study published by the Joint Center of Housing Studies at Harvard University shows the financial benefits of homeownership. The study mentions five major financial benefits:

  • Housing is typically the one leveraged investment available
  • You’re paying for housing whether you own or rent
  • Owning is usually a form of “forced savings”
  • There are substantial tax benefits to owning
  • Owning is a hedge against inflation

2. Studies have shown that homeowners have a net worth that is 45X greater than that of a renter.

3. Just last month, we explained that a family buying an average priced home this past January could build more than $46,000 in family wealth over the next five years. 

4. Some argue that renting eliminates the cost of taxes and home repairs. Every potential renter must realize that all the expenses the landlord incurs are baked into the rent payment already –along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be better from a financial standpoint than renting.

Let me know if you know of anyone looking to buy, sell or invest in real estate.  I would love to help them gain homeownership.

The Ryan Harlan Memoral Scholarship Fund

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It is our hope to memorialize our son Ryan Harlan.

We also want to express our deepest thanks for your donation to The Ryan Harlan Memorial Scholarship Fund . Generous gifts from donors like you provide the financial and moral support needed to continue our mission.

With your faithful financial contributions over the years, we will demonstrate our deep commitment to our work of encouraging and rewarding outstanding leadership on and off the field at Olympia High School to assist in higher education.

There is no way to fully express our gratitude for your loyalty.  We at The Ryan Harlan Memorial Scholarship Fund are continually inspired by the dedication and generosity of donors like yourself who answer the call to give again and again.

Donation are  tax deductible.

You can donate by hitting the “make donation” below or Mail:Olympia Federal Savings  PO Box 1338 Olympia WA 98507 attn: The Ryan Harlan Memorial Scholarship Fund.

Please leave your name, email & address for tax deduction form to be sent to you.

Also,  want to share with you the 1st year recipient.

 Congratulation to Colton Haisch of the $2500 scholarship.
Let’s watch and see who will be the 2nd recipient of this scholarship.
Thank you to all that donated, you surely make Ryan’s Legacy live on…. I so greatly appreciate each and everyone from the bottom of my heart.

Home Price Rises Linked to Homeownership Positives

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“Homeownership is the bedrock of the American Dream!” was long an unchallenged byword in American culture. Certainly most Olympia homeowners agreed during most of the 20th Century. That premise may have been rocked a little during the early phases of the Great Recession that shook the country starting in 2008, but as the housing recovery gathered steam, faith in the concept eventually returned for most folks.

The economic advantages of owning your own Olympia home have been particularly dramatic lately, as historically low mortgage interest rates have made the benefits of homeownership on the family budget dazzlingly apparent. One of the further benefits was just offered in a seminar given by a prominent research economist.

As you might guess from the description of the speaker, some of the details in the hour-long presentation tended to get a little obscure. When economists have something to say, often their verbiage is less than easy to fathom—so when a research economist speaks, the audience had better pay close attention. The impenetrability factor can be daunting. Nonetheless, since this talk was presented by the National Association of Realtors®, I thought its message would be worth tuning in on.

The title of the summary was “House Price Growth When Children are Teenagers—A Path to Higher Earnings?” The question mark was a hopeful indication of the unbiased scientific nature of the research (and there’s no reason to doubt that)—but the body of evidence described doesn’t leave much question.

The answer is “yes.”

It’s the details that are somewhat challenging, but the compact explanation is that when house prices rise in a household with a 17-year-old, that teenager’s income as an adult can be expected to be above average. Likewise, a 17-year-old in a household that rents the family residence while house prices are going up has a higher likelihood of earning less in their adult years.

No explanation is confirmed for why there is such an impact, except a suggestion that they are more likely to attend a top-ranked college. In any case, the effect was marked in a sample of 892 respondents:

“For every 10% increase in home prices that occurred when children were 17 years old, the income of homeowners’ children as adults was 9% higher on average, while the income of renters’ children as adults was 15% lower.”

The takeaway for Olympia homeowners is assuredly positive. It’s long been known that research shows many economic and social benefits to homeownership—among them a boost in the likelihood of educational achievement for children—probably because of the effects of a stable housing environment. Currently, since rising home values have been with us for quite a while, these latest findings of a positive outlook for “the economic trajectory of the homeowner’s children” is welcome news.

Fostering homeownership in Olympia is my principal professional goal, so it’s good to hear confirmation of what seems clear on a daily basis (not to mention, another good reason to give me a call)!