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Galbraith Mountain Update
This spring, Galbraith Mountain unveils a host of exciting updates, making it an even more enticing destination for outdoor enthusiasts.
The unanimous approval to permit Class 1 ebikes on the mountain’s trails is a game-changer, expanding access to a wider range of riders. No need to worry that motorbikes will be taking over the mountain, Class 1 ebikes don’t have a throttle, and instead require the rider to pedal for the electric motor to kick in with a top speed around 20 mph.
The mountain is also set to open 3 new trails. These trails are generously funded by Kona Bicycle Company, Transition Bike Company, and a memorial trail supported by the family of a beloved late mountain biking enthusiast family. They promise to inject fresh excitement into Galbraith Mountain’s already vibrant trail network.
In response to longstanding safety concerns, a new crosswalk has been installed to facilitate a safer passage for riders crossing from the south parking lot to the mountain trails. This improvement not only addresses safety issues but also enhances the overall accessibility of Galbraith Mountain, ensuring a seamless and secure experience for riders.
These updates underscore a commitment to continually improving Galbraith Mountain’s amenities and accessibility, reaffirming its status as a premier destination for outdoor recreation enthusiasts.
April Real Local Feature
CHEEKS JEANS
Cheeks Jeans is one of CJAND Tracie’s favorite women’s clothing boutiques- nestled in the heart of historic downtown Lynden. They are best known for having a beautiful, hand-picked selection of designer denim along with a gorgeous variety of tops, dresses, shoes, and accessories, and more! Their goal is to provide quality clothing for every beautiful unique person, like you!
By shopping at Cheeks, you are supporting women in business and their families. They are so thankful for your support! Sneak peaks of new arrivals can be found on their Instagram, and be sure to join their loyalty program to be the first to know on sales! Stop in and see them, new arrivals fill the store daily!
420 Front St, Lynden, WA 98264
Facebook: https://www.facebook.com/CheeksJeans
Instagram: https://www.instagram.com/shopcheeksjeans
Store Hours – Mon-Tues: 10-5; Wed-Sat: 10-6
MODERN & CHIC RETREAT – Mt. Baker, WA
Reservations & Information
5 Beds | 1 Bath | Sleeps 7
Escape to the charm of Maewood, a cozy cabin retreat nestled at the base of Mt. Baker. The perfect haven to experience the beauty of the Mt. Baker Wilderness in spring and summer. Designed with intention, this intimate space exudes warmth, romance, and pristine cleanliness. Whether you’re seeking a place to reconnect with loved ones or craving a peaceful work retreat, Maewood offers the ideal ambiance. Use it as your adventure base camp, then return to relax on the spacious deck under the sunshine or soak in the hot tub while snowflakes dance around you. Inside, gather around the wood stove for a game night or simply unwind with a good book in the tranquil coziness. Embrace the allure of Maewood and book your dates for an unforgettable getaway!
NAR Settlement Update
As I am sure you have heard on the news, there is a proposed settlement agreement for the NAR (National Association of Realtors) Class Action Lawsuit. It has certainly stirred up plenty of headlines that have been glossy, and in many cases, inaccurate. Many of the reports and headlines have been national and it is important to note that WA state is unique and could have far fewer changes than the rest of the country if the settlement is approved.
The majority of the MLS’s (Multiple Listing Services) across the country are owned by NAR and our NWMLS (Northwest Multiple Listing Service) in WA, is not. NWMLS is not included in the settlement agreement as they are not NAR-owned. If the settlement is approved, they can choose to opt in, which is undecided at this point as it will require a vote of their board of directors.
In WA, new laws were enacted on January 1, 2024 that address many aspects that the settlement agreement is proposing. For years, WA brokers and NWMLS have been committed to elevating transparency around broker compensation, resulting in brokers in WA already doing business as many of the new proposals in the settlement agreement suggest. You can refer to this article that outlines the new laws that went into place on Jan 1. I am also happy to report that practicing under these new laws has been positive and productive for consumers and brokers alike.
The proposed settlement agreement still needs to be approved by the court. Once that is done, I will report back to explain how it will affect real estate operations in WA state. In the meantime, I also want to report that market activity in Q1 2024 has been positive!
Price growth is up, buyer demand is strong, and inventory remains low. Seller equity is soaring, with home equity in King County averaging 60% and 62% in Whatcom & Skagit Counties. These figures were reported in December 2023 and don’t account for the price growth we’ve seen in Q1. Interest rates are still hovering around the high 6% and are predicted to come down this year, yet remain volatile and stubborn. Please reach out if you or someone you know would like to learn more. It is always my goal to help keep my clients informed and empower strong decisions.
New Year, New Laws
Effective January 1, 2024, the statute in Washington that governs real estate brokerage relationships (RCW 18.86) otherwise known as the “Agency Law” – was significantly revised. The revisions modernize the 25-year-old law, provide additional transparency and consumer protections, and acknowledge the importance of buyer representation.KEY REVISIONSFor decades, real estate brokerage firms were only required to enter into written agency agreements with sellers, not buyers. The Agency Law now requires firms to enter into a written “brokerage services agreement” (agency agreements) with any party the firm represents, both sellers and buyers.This change is to ensure that buyers (in addition to sellers) clearly understand the terms of the firm’s representation and compensation, much like a listing agreement. The new agreements are called Buyer Brokerage Service Agreements (BBSA) and they are to be initiated in writing prior to or upon rendering real estate brokerage services, such as showing homes.The services agreement with buyers must include:
- The term of the agreement (with a default term of 60 days and an option for a longer term);
- The name of the broker appointed to be the buyer’s agent;
- Whether the agency relationship is exclusive or non-exclusive;
- Whether the buyer consents to the individual broker representing both the buyer and the seller in the same transaction (referred to as “limited dual agency”);
- Whether the buyer consents to the broker’s designated broker/managing broker’s limited dual agency;
- The amount the firm will be compensated and who will pay the compensation; and
- Any other agreements between the parties.
Clearly communicated expectations between the buyer and their broker are an advantage to the buyer. Every party deserves representation and it has been a long time coming for the law to pay as much attention to buyers as it has to sellers. Having competent representation on both sides of a transaction makes the process go smoother and reduces liability during and after the transaction. After all, everyone deserves competent representation during one of the biggest transactions they will partake in.These changes are intended to elevate transparency in agency relationships for the consumer and encourage more detailed conversations about representation, compensation, and the overall home buying process with the broker they chose to align with. This will also cause sellers to gain a better understanding of how buyer brokers are compensated.What a seller chooses to offer a buyer broker could have a positive effect on their return. The only way a buyer can compensate their broker is with liquid cash or negotiating with the seller within the purchase and sale agreement when their BBSA doesn’t match the seller-offered compensation for the buyer broker. If their BBSA matches what the seller is offering in the listing for the buyer broker compensation, then the buyer does not have to rely on the prior.Compensation offered in a listing that mirrors the BBSA will allow a buyer to solely focus on the offer price of the home as they will not have to calculate the math of the compensation against their down-payment funds, as lending regulations do not allow for broker compensation to be financed. If a buyer has to set aside funds for compensation it would likely reduce their down payment amount which would increase their monthly payment and make them more price sensitive. It will also eliminate the compounding effect of compensation and the offer price being simultaneously negotiated.I have always run my business in a very detailed fashion and pride myself on having a deep knowledge of the laws and the forms, and these changes are paramount. As an independent contractor affiliated with Windermere Real Estate, the leading company in our region, it is up to me to dig into the research and gain understanding to help guide my clients through these advancements in a compliant and service-oriented fashion. There are even aspects of these new laws that I have been practicing before the changes, as transparency is a cornerstone of my value to my clients.These are the biggest changes we have seen in our industry in over two decades. Be aware that not all brokers will adapt as quickly or accurately. We are already seeing a gross difference between the informed and not informed; who one chooses to work with matters! If you have any further questions about how these new laws affect you, please reach out. If you are considering a move, I am committed to navigating the process with the utmost compliance and my client’s success at the forefront.REVISED PAMPHLET: The pamphlet entitled “Real Estate Brokerage in Washington” provides an overview of the revised Agency Law.REVISED AGENCY LAW: Substitute Senate Bill 5191 sets forth the revised Agency Law in its entirety.
March Real Local Feature
KELSEY KURTIS PHOTOGRAPHY
Kelsey is a Bellingham based branding photographer, photographer mentor, brand consultant, author, energetic speaker, and unapologetic cheerleader for leaders in business! (yep, she does A LOT of things!). Kelsey specializes in helping business owners and leaders show up and tell their story with branding photography and helping them define their own Connection-Based Brand! When she’s not working you can catch her hitting up her favorite B’ham spots – walking around Lake Padden with her rescue pup, Ziggy, finding local treasures at Labels consignment, or catching the sunset at The Loft restaurant at the marina!
Contact:
hello@kelseykurtis.com
kelseykurtis.com
IG @kelseymkurtis
IG @kelseykurtisphoto
MOUNTAIN & GOLF COURSE VIEWS- Rio Verde, AZ
Reservations & Information
3 Beds | 3 Bath | Sleeps 6
Enjoy wonderful mountain and golf course views in this beautifully remodeled 3 bed/2.25 bath, 2,500 sq ft home in the community of Rio Verde, AZ. Golf cart included with rental. Option for unlimited golf for two people on the two 18-hole Rio Verde Country Club courses for an extra charge.
Rio Verde offers a complete active adult lifestyle in a friendly 55+ community. Located 10 miles east of North Scottsdale, Rio Verde is at the base of the mountains (great hiking & views), in a desert landscape (wonderful winter temperatures) and within easy reach of all that the Phoenix Valley of the Sun offers.
Housing & Economic Forecast 2024
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February Real Local Feature
HUMBLE BOUQUET
Laura is the Owner, Gardener and Floral Designer at Humble Bouquet. She creates seasonal florals for everyday deliveries, weddings and other special occasions from her studio in Bellingham, WA with all local flowers and her young children underfoot. She also teaches private and public floral workshops for small groups.
Laura Wheeler
www.humblebouquet.com
humblebouquet@gmail.com_wa
DESERT OASIS – Phoenix, AZ
Reservations & Information
4 Beds | 2 Bath | Sleeps 10
This beautifully updated, chic home is in a quiet neighborhood and boasts over 2,000 square feet of stylish living space. Enjoy the warm ambiance of the fireplace, or concoct a drink at the dry bar. In addition to this, your retreat offers ample room outdoors in a landscaped backyard with a private pool (pool heat can be added for an additional fee) along with two grills with a covered patio. You can also practice playing cornhole in the backyard or chipping around and putting the 4-hole putting green. This home is within walking distance to trails, 5 minutes to Paradise Valley, and 15 minutes to Scottsdale.
February Home Maintenance Tips
Regular home maintenance is essential for preserving the integrity and value of your property. Here are four key tips to keep your home in top condition.
- Change HVAC and furnace filters every 3 months. Changing HVAC and furnace filters is crucial for maintaining good indoor air quality and ensuring the efficient operation of your heating and cooling systems. Clogged filters can restrict airflow, leading to increased energy consumption and potential system malfunctions.
- Check for pests, especially around the foundation or any wood near ground level. This is essential for preventing infestations that can cause significant damage to your home’s structure. Regular inspections allow for early detection and prompt treatment, minimizing the risk of extensive repairs or infestation spread.
- Check for water damage around windows, pipes and foundation. Regularly checks is vital for identifying and addressing potential leaks or moisture issues promptly. Water damage can weaken structural components and promote mold growth, leading to costly repairs and health concerns if left unchecked.
- Landscaping clean up: Trimming shrubs, removing dead branches, and addressing weeds, not only enhances the aesthetic appeal of your property but also reduces fire hazards and minimizes the risk of falling branches or trees. Regular maintenance ensures a tidy and safe outdoor environment for your home.
January Real Local Feature
HUMBLE BOUQUET
Laura is the Owner, Gardener and Floral Designer at Humble Bouquet. She creates seasonal florals for everyday deliveries, weddings and other special occasions from her studio in Bellingham, WA with all local flowers and her young children underfoot. She also teaches private and public floral workshops for small groups.
Laura Wheeler
www.humblebouquet.com
humblebouquet@gmail.com_wa
DESERT OASIS – Phoenix, AZ
Reservations & Information
4 Beds | 2 Bath | Sleeps 10
This beautifully updated, chic home is in a quiet neighborhood and boasts over 2,000 square feet of stylish living space. Enjoy the warm ambiance of the fireplace, or concoct a drink at the dry bar. In addition to this, your retreat offers ample room outdoors in a landscaped backyard with a private pool (pool heat can be added for an additional fee) along with two grills with a covered patio. You can also practice playing cornhole in the backyard or chipping around and putting the 4-hole putting green. This home is within walking distance to trails, 5 minutes to Paradise Valley, and 15 minutes to Scottsdale.
HUMBLE BOUQUET
Laura is the Owner, Gardener and Floral Designer at Humble Bouquet. She creates seasonal florals for everyday deliveries, weddings and other special occasions from her studio in Bellingham, WA with all local flowers and her young children underfoot. She also teaches private and public floral workshops for small groups.
Laura Wheeler
www.humblebouquet.com
humblebouquet@gmail.com_wa
December Real Local Feature
LUXURIOUS ARIZONA RETREAT
Reservations & Information
4 Beds | 2.5 Bath | Sleeps 12
Welcome to Agave, your luxurious Arizona retreat in Paradise Valley, minutes from downtown Phoenix and Scottsdale’s vibrant offerings. This resort-like property seamlessly blends indoor and outdoor living, featuring a heated pool, hot tub, putting green, and an oversized cabana with a bar. The spacious interior features elegant décor and a fully stocked kitchen creating a perfect setting for relaxation and entertainment. The primary suite offers a king-sized bed, a gas fireplace, and a spa-like ensuite bathroom, while additional bedrooms cater to various preferences, including a bunk bed room for the young and young-at-heart. Safety and convenience are paramount, with child locks, a pool fence, and an in-home laundry room. Agave isn’t just a vacation home; it’s a five-star resort experience waiting to be enjoyed!
Perennial Design
Erica Egner is the owner of Perennial Style, an interior design studio specializing in design for short-term rentals. With over 20 years of experience in the graphic design industry, Erica found that her design knowledge allowed a natural transition into interior spaces. After renovating a 1970s cabin and becoming an Airbnb host herself, she became certified as a Short-Term Rental Stylist and now offers virtual design services and in-person staging to homeowners and property managers looking to curate spaces that entice guests and elevate profits.
Email: ericaegner@gmail.com
Phone: 940-594-7558
Website: www.perennial.style
IG: @perennialstyle_wa
