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Timm Johnson
Associate Broker

    REALTOR®
    32+ Years of Experience
    Buyer and Seller Negotiator

Direct: (360) 791-6333



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Van Dorm Realty Inc.


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Real Estate Market

Is the Real Estate Market About to Bounce Back?

Tuesday, August 4th, 2009

We are hearing rumors recession  has ended, I am sure that the people still out of jobs may have another response to that.

It sounds as though creating new jobs is still one major hurdle we have to overcome.  It may take time to turn things around enough to be able to create those jobs. Many companies have not replaced workers that were laid off yet,  they have found a  way to muddle though without adding employees. We have to hope that the economy gets fired up enough to warrant more employees because people are spending more and they need more help in the companies to run them more efficiently.  That is my hope.

Real Estate is starting to move some again I am happy to say, new home sales in our area have increased as well as resale homes. So is the recession over?

People seem to be buying and doing the things that are important to them . Check out the casinos, they were and have been busy, people tell me they haven’t seen much of a recession at the casinos, maybe they are hoping to win.  I still see the pan handlers smoking and at the price of cigarettes makes you wonder if the recession has affected them.

So do as we may, the economy is coming back, at it’s own pace and I think as it does we will see jobs start to come back too. My assistants paper in the small town she lives in had only about 1 ½  short columns of Help Wanted ads for such a long time. This week there are 4 ½ longer columns, so she is seeing an increase in jobs in her area.

This new, Bring in Your Clunker Program and receive money off of your new car plus incentives from the companies is really going strong, almost to strong.  I wonder how long this program will last, whose going to buy all those clunkers?  This program is  not doing anything for the used car lots. So it is helping one and hurting the other, there is a down side to everything that is done it seems.
Today the Dow is over $9,000 so we are seeing the improvement there too. Our retirement funds are starting to recoup and for that I am happy.  I have heard it said many times that the stock market usually recovers 6 months before the actual recovery starts to show in our everyday life. So lets hope for the best and try to send the positive on.

I receive so many emails that are political, just remember you can’t always believe everything you read in an email, or newspaper, check out the facts for yourself, don’t be a follower you never know where you might end up.

Have a great week.

Timm

Making Your Way in Today’s Real Estate Market

Wednesday, May 27th, 2009

Asking what should I do?

I have watched the market for over 32 years go up and down, a rebound has always happened after different market situations. It is a good time to sell and to buy! Sound crazy in a way it is, if you consider last year’s market.

Although, today the market is a completely different story, if you sell now you will sell for less than last year at this time, although now you will probably buy at a lower price, whether upgrading or downsizing a bit.

Interest rates continue at a low that has not been seen in many years, with an average today on a fixed 15 year rate being at 4.625 % and 30 year fixed being 4.75 % (approx rates as of today).

The real estate market seems to be a problem faced almost everywhere in the USA.

  1. Larger cities dominate the largest price drops.
  2. Peoples second homes and Recreational property.
  3. Areas plagued by high unemployment rates.

Are you ready to buy or sell?

Think fixed rate, the government is opening up some different programs that
allow people to start the buying process again.

Although it is extremely important, know your limits. Take the necessary steps, do not get in over your head.

You want enough to eat steak once in a while not beans every night.

  1. Seek a Realtor whom you can work with.
  2. Find a competent lender to tell you what you are Pre-approved for.

Then with your Realtors help remain in a range that fits your budget. Have your realtor check the price of the property and surrounding home sales so it can be shown in black and white so you’re not over paying.

After you purchase, then work on your home, keep it in great shape and watch your property grow in Value.

View My Inventory
Market Recap

  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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