"How is the real estate market?".......This is the standard question everyone wants to know and rarely, if at all, will it have one answer.
How is the market for me, personally, as an agent?; ....for those trying to sell?; or for those trying to buy?
Well, here are my answers. As an agent, 2009 was a tough year. Despite this, when compared to my fellow agents regarding overall production....I feel I did well. Most of my listings sold for the year, and the percentage ratio of original listing recommended price and actual sales price were within 10% or so. Those sellers and buyers with whom I worked generally left the transaction feeling good in their decisions. And the last quarter of '09 produced a nice spark in sales to round out a slow paced market. So again, for me, I was quite pleased given the market terrain. Many agents did considerably better and many did worse.
How about for Sellers? Well, most sellers who bought in the '04-07 range seemingly paid too much for their property. That is, those who are now wanting to sell the property and move on. For some, they wish the price they paid for their house or land had been less, but ultimately they still were able to purchase the home of their dreams, or one they truly enjoy and had the mortgage industry not been so receptive to all types of buyers.....many would not have been able to get into a house at all. So many are happy.
Of course, those previous buyers who are wanting to now sell their homes, have been the most hurt. Many remain on the market for several months and some even over a year due to sellers either not wanting to reduce the price into the current selling values or they are unable to do so due to the current debt on the home.
This can be and has been a problem for many in the Anacortes and outlying areas, as well as nationally, and my only suggestion is that if you don't have to attempt to sell, hang in there and expect longterm gains. If you have a steady job and can afford further investment it may be the time to counterbalance the original 'not so good' purchase with one in the near future that is better priced and with a better loan rate. This leads into the current market for buyers.
Most would agree that the time now is to buy and negotiate. It is the time to be patient with your purchase and truly take advantage of the slower pace and do your homework. By this I mean, tour as many homes as you can and if you determine a certain value for a property you like, stick to your guns, so to speak, on the offering price. More than likely, there are not that many others interested in the exact home and you can afford to allow the sellers to determine if it is worth letting you go. So, for buyers, the time is now.
Many still ask when I recommend further investment, "Will the prices continue to fall?" No one really knows. Speculation has it that there may very well be further drop but possibly just stagnation. It seems as though, statistically, that inventory is slowly dropping, but only time will tell if the trend continues. Regardless, loan rates may remain artificially low for some time, but will invariably have to rise....which means even if you wait for the market to truly bottom...which no one can guess....the rates will more than likely rise to where it counterbalances the potential gain in waiting for further price reductions.
So, the answer to 'How is the real estate market?' is not an easy or quick one. It varies depending on your perspective and what position you are currenlty in. As with many things, the market it undoubtedly cyclical in nature and will ebb and flow like any sine wave. We here at Windermere undoubtedly have an optimistic outlook on overall transactions for the year 2010. Whether this means that prices will increase, decrease or stagnate remains to be seen. Regardless, we hope that we can help you make good decisions regardless of what position you are in. Cheers and Happy 2010!
Troy
Wednesday, January 20, 2010
Tuesday, October 20, 2009
Dovetailing The Summer Spike
As the title suggests, this is merely a follow-on to the previous post describing the tweak in property interest during the third quarter of this year. Now into the fourth, there have been some truly sweet deals on which my savy Buyers have pounced. Here are some of the details:
1. 2.5 Acre estate-like property just south of Coupeville on Whidbey. Almost 3,000 sqft of finished living space, featuring radiant floor heat, stainless appliances, slab granite, master on the main, and 4 bedrooms. Detached 2-car garage with bonus room on top.....a superb piece for under 480k....a great purchase!
2. A current sale of a dilapidated fixer home...2 bed/ 1 bath in need of just about everything, yet the lot size is 12,000 sqft! A detached two car garage and well on the property inside the Anacortes town limits! $125,000....craziness! Instant equity with this one especially seeing that my buyer is a true fix-it samurai.
3. Lastly, a purchase I made myself.....1400 sqft 3 bedroom/ 1 bath bungalow in town on an 8400 sqft lot with potential view if future dormers are installed....owner financing with a 5% note amortized for 30 years, with note due in five years.....in other words, just pay down for five years, then get a mortgage to pay off the Seller in full. Price: $158,000!!! I truly stumbled upon it.
So what is the point? If you are thinking of purchasing even in the least, call up your agent and start the viewings.....Even if you are thinking of not making a move for a few months, this will hone your ability to identify true value versus price. Online photos are good, but can be deceiving and you gain so much from merely walking through a place. After viewing a handful, you will then know exactly what you are looking for so that when you happen to walk in that front door, the home speaks to you and you know within 30 seconds that it is the one for you. Then you can move quickly since you are already astute regarding market inventory and pricing.
Please don't hesitate to visit www.AnacortesHomeBuyer.com for all MLS listings with all brokerages. Call or write with questions and don't be shy.....allowing me to get you into homes for showings is the fun part of the biz.
Good luck.
1. 2.5 Acre estate-like property just south of Coupeville on Whidbey. Almost 3,000 sqft of finished living space, featuring radiant floor heat, stainless appliances, slab granite, master on the main, and 4 bedrooms. Detached 2-car garage with bonus room on top.....a superb piece for under 480k....a great purchase!
2. A current sale of a dilapidated fixer home...2 bed/ 1 bath in need of just about everything, yet the lot size is 12,000 sqft! A detached two car garage and well on the property inside the Anacortes town limits! $125,000....craziness! Instant equity with this one especially seeing that my buyer is a true fix-it samurai.
3. Lastly, a purchase I made myself.....1400 sqft 3 bedroom/ 1 bath bungalow in town on an 8400 sqft lot with potential view if future dormers are installed....owner financing with a 5% note amortized for 30 years, with note due in five years.....in other words, just pay down for five years, then get a mortgage to pay off the Seller in full. Price: $158,000!!! I truly stumbled upon it.
So what is the point? If you are thinking of purchasing even in the least, call up your agent and start the viewings.....Even if you are thinking of not making a move for a few months, this will hone your ability to identify true value versus price. Online photos are good, but can be deceiving and you gain so much from merely walking through a place. After viewing a handful, you will then know exactly what you are looking for so that when you happen to walk in that front door, the home speaks to you and you know within 30 seconds that it is the one for you. Then you can move quickly since you are already astute regarding market inventory and pricing.
Please don't hesitate to visit www.AnacortesHomeBuyer.com for all MLS listings with all brokerages. Call or write with questions and don't be shy.....allowing me to get you into homes for showings is the fun part of the biz.
Good luck.
Thursday, September 17, 2009
The Summer Spike - How Long Will It Last?
After a dismal real estate winter and very lukewarm summer start......August and September are proving to be quite worthwhile regarding home and land sales in Anacortes and surrounding communities.
Instead of 'working my sphere', which for me would be flying more at the base, I have set aside my instructor hat for some good 'ole new homebuyer education, home viewings and purchases.......With the depreciation tweaks in home values, new tax credits, and low rates.....home buyers have hit the streets and new first time buyers are leading the pack.
Prior to August, typical sales had centered in the below 300k range and vacant land sales were practically non-existent. But the flatline of summer was shocked back into a slow but steady pulse as my phone starting ringing for appointments and website contacts came in from the cyberspace abyss.
With three homes under contract for the month of September alone....I feel this trend will continue at least to Thanksgiving. Buyers have been watching, waiting and viewing the net for the homes of their liking to slowly churn downward in price....then, having been patient, they pounce on them with quickness and decisiveness.....leading to quick negotiations and fast closings. Lenders have been expeditious and accurate and so the real estate world on our quaint northwestern island has come to life.
My question though is for how long? I firmly believe that people will always buy and sell. If rates hike up, prices may come down.....the market always has an answer so that the cycle continues.
With this however, here is my concern....2005/2006 still had quite a few of the option arms being sold to buyers which allowed many to get into homes they otherwise would not have been able to afford. The downfall of this is that many were 5/1 adjustable rates and that five year mark starts coming due now!! Assuming rates remain low.....no big deal. Some of the loans had percent hikes regardless of the prime rates. Once it comes due, there is an automatic x percent increase per month in the loan amount....payable each month. This coupled with a future major spike in rates could leave us all holding the bag....or should I say....mailing in our keys.
Now most of us are upstanding individuals who pay our bills on time and do not wish to lose our homes. However, if your home value is now at, below or extremely below what you paid on the home....what is your incentive to continue to pay an interest- only monthly payment that doesn't pay down the home and, in turn, breaks your financial back. You rid your savings to hang on for a year or two only to then ..... mail in the keys.
All in all, we do not know what will happen. If rates stay low....the economy turns around....jobs become more available, future rate increases might be easily dealt with. If they do spike and banks, in turn, can balance out the increase with other terms.....things may be dealt with. Regardless, something will have to give, and as I stated previously.....the market tends to correct itself......a tit for tat so to speak. At least, that is both my belief and my hope.
So, for now, my recommendation is to try to refinance if able with as little money down as you can. Hound your mortgage lender or bank, religiously. If you can afford some money out of pocket, then keeping mortgage insurance out of the monthly payment will be worthwhile. If not, at least by consolidating two mortgages into one, or getting rid of the arms for a set payment even with PMI....you will be better able to mantain a solid consistent budget without the burden of worrying where we and this real estate market and economy are truly going.
That's a wrap. Good Luck.
Instead of 'working my sphere', which for me would be flying more at the base, I have set aside my instructor hat for some good 'ole new homebuyer education, home viewings and purchases.......With the depreciation tweaks in home values, new tax credits, and low rates.....home buyers have hit the streets and new first time buyers are leading the pack.
Prior to August, typical sales had centered in the below 300k range and vacant land sales were practically non-existent. But the flatline of summer was shocked back into a slow but steady pulse as my phone starting ringing for appointments and website contacts came in from the cyberspace abyss.
With three homes under contract for the month of September alone....I feel this trend will continue at least to Thanksgiving. Buyers have been watching, waiting and viewing the net for the homes of their liking to slowly churn downward in price....then, having been patient, they pounce on them with quickness and decisiveness.....leading to quick negotiations and fast closings. Lenders have been expeditious and accurate and so the real estate world on our quaint northwestern island has come to life.
My question though is for how long? I firmly believe that people will always buy and sell. If rates hike up, prices may come down.....the market always has an answer so that the cycle continues.
With this however, here is my concern....2005/2006 still had quite a few of the option arms being sold to buyers which allowed many to get into homes they otherwise would not have been able to afford. The downfall of this is that many were 5/1 adjustable rates and that five year mark starts coming due now!! Assuming rates remain low.....no big deal. Some of the loans had percent hikes regardless of the prime rates. Once it comes due, there is an automatic x percent increase per month in the loan amount....payable each month. This coupled with a future major spike in rates could leave us all holding the bag....or should I say....mailing in our keys.
Now most of us are upstanding individuals who pay our bills on time and do not wish to lose our homes. However, if your home value is now at, below or extremely below what you paid on the home....what is your incentive to continue to pay an interest- only monthly payment that doesn't pay down the home and, in turn, breaks your financial back. You rid your savings to hang on for a year or two only to then ..... mail in the keys.
All in all, we do not know what will happen. If rates stay low....the economy turns around....jobs become more available, future rate increases might be easily dealt with. If they do spike and banks, in turn, can balance out the increase with other terms.....things may be dealt with. Regardless, something will have to give, and as I stated previously.....the market tends to correct itself......a tit for tat so to speak. At least, that is both my belief and my hope.
So, for now, my recommendation is to try to refinance if able with as little money down as you can. Hound your mortgage lender or bank, religiously. If you can afford some money out of pocket, then keeping mortgage insurance out of the monthly payment will be worthwhile. If not, at least by consolidating two mortgages into one, or getting rid of the arms for a set payment even with PMI....you will be better able to mantain a solid consistent budget without the burden of worrying where we and this real estate market and economy are truly going.
That's a wrap. Good Luck.
Tuesday, June 2, 2009
Summer '09
Well, at least weather-wise, it appears summer is upon us. Only a few more weeks of school is left, Memorial Day has come and gone and now people are hopefully gearing up for whatever types of vacations they can afford.
Monetarily, this year's events have squeezed many families and those who live in wonderful Anacortes are no different. I know my business with Windermere has taken a serious hit, as well as many other businesses in town. Extra savings is now used to the pay the bills and most of the fiscal goals those of us set for ourselves will have to be met next year.
With that, I merely wanted write to say that ultimately, many of us are in it together. Car dealers, Real Estate brokers, Restauranteers, Small novelty shop owners, the list goes on.....
There are many out there that have continued to live within their means and good for them. They have managed to be tenacious in the savings and also thrifty in their spending, especially when times are good since that is where you can truly save.
For those who are merely hanging on to whatever assets they have month to month, please stay focused and motivated. For those who have or who are on the brink of job loss, try your best to get on the job search bandwagon. Try to broader your ideas of the types of jobs you truly would like to do and turn the negative into a positive in the job search of something enjoyable.
Regarding home sales, since that is my primary field, I am not really sure what is going to happen this year. All in all, we had very few home sales in the first quarter with a decent spike in sales in the second. Many of the contracts have been in the under 350k range, yet some homes in the above 500k range have sold also.
If you have a home you are wanting to sell or currently have it listed, price is everything. No ifs, ands or buts........people want security in the fact that whatever home they buy now, they can live in for a few years and at least not lose money. They want what they consider a decent deal and I do not blame them. So, remember this when pricing your home.
You want the most money for your house for sure, all of us do. But, price too high and ultimately the home becomes stale, and you end up selling alot later for a lot less. Or for those who plan to purchase elsewhere, if you delay selling until the market is back on the rise.......the rise is a benefit when selling, but a hinderance when you get back into the market by buying during the rise also.
Lastly, there are many decent opportunities out there with regards to real estate and other entities as well. Cars prices have come down dramatically. Boat prices also. My overall thoughts are the despite the economic squeeze, try to work hard, be as thrifty as possible, but do not close your eyes to good deals that may come your way.
Good luck.
Troy
Monetarily, this year's events have squeezed many families and those who live in wonderful Anacortes are no different. I know my business with Windermere has taken a serious hit, as well as many other businesses in town. Extra savings is now used to the pay the bills and most of the fiscal goals those of us set for ourselves will have to be met next year.
With that, I merely wanted write to say that ultimately, many of us are in it together. Car dealers, Real Estate brokers, Restauranteers, Small novelty shop owners, the list goes on.....
There are many out there that have continued to live within their means and good for them. They have managed to be tenacious in the savings and also thrifty in their spending, especially when times are good since that is where you can truly save.
For those who are merely hanging on to whatever assets they have month to month, please stay focused and motivated. For those who have or who are on the brink of job loss, try your best to get on the job search bandwagon. Try to broader your ideas of the types of jobs you truly would like to do and turn the negative into a positive in the job search of something enjoyable.
Regarding home sales, since that is my primary field, I am not really sure what is going to happen this year. All in all, we had very few home sales in the first quarter with a decent spike in sales in the second. Many of the contracts have been in the under 350k range, yet some homes in the above 500k range have sold also.
If you have a home you are wanting to sell or currently have it listed, price is everything. No ifs, ands or buts........people want security in the fact that whatever home they buy now, they can live in for a few years and at least not lose money. They want what they consider a decent deal and I do not blame them. So, remember this when pricing your home.
You want the most money for your house for sure, all of us do. But, price too high and ultimately the home becomes stale, and you end up selling alot later for a lot less. Or for those who plan to purchase elsewhere, if you delay selling until the market is back on the rise.......the rise is a benefit when selling, but a hinderance when you get back into the market by buying during the rise also.
Lastly, there are many decent opportunities out there with regards to real estate and other entities as well. Cars prices have come down dramatically. Boat prices also. My overall thoughts are the despite the economic squeeze, try to work hard, be as thrifty as possible, but do not close your eyes to good deals that may come your way.
Good luck.
Troy
Thursday, January 22, 2009
Its A Good Deal, 2009 #1
I am always looking for value in things; real estate, clothes, cars and especially food and beer. Although I do have a bias for the Brown Lantern, there are many establishments in town that want to show off their stuff by providing their customers with tasty meals at affordable prices. Here is my first Good Deal Tip of 2009: El Jinete's Taco's al a carte!
Now, there isn't anything special in itself about a hard or soft shell ground beef taco. But, add a Tuesday lunch or evening to it, throw on some cheese, lettuce and tomatoes (for those who like them) and now you have a meal that is tasty, filling and truly cost effective.
Tuesday's are Tecate Tuesdays at El Jinete and for $2.50 per beer and $1.95 per taco.....you can have some chips and salsa, two taco's, and a Tecate for little over $6 without tax. Monetarily, you can even beat the five dollar footlong if you forget the brew.
So brush off the hamburger desires one night, put away that P, B and J.....And get on down the El Jinete. Times are not easy and they may even get a little worse in the months to come, but let us all endeavor to capitalize on deals such as these by promoting them and taking advantage of them. We all want our restaurants to succeed and if this is what you can afford, get down there and give them your appetite and your money. You will not be sorry.
More deals to come so stay tuned.
Cheers
T
Now, there isn't anything special in itself about a hard or soft shell ground beef taco. But, add a Tuesday lunch or evening to it, throw on some cheese, lettuce and tomatoes (for those who like them) and now you have a meal that is tasty, filling and truly cost effective.
Tuesday's are Tecate Tuesdays at El Jinete and for $2.50 per beer and $1.95 per taco.....you can have some chips and salsa, two taco's, and a Tecate for little over $6 without tax. Monetarily, you can even beat the five dollar footlong if you forget the brew.
So brush off the hamburger desires one night, put away that P, B and J.....And get on down the El Jinete. Times are not easy and they may even get a little worse in the months to come, but let us all endeavor to capitalize on deals such as these by promoting them and taking advantage of them. We all want our restaurants to succeed and if this is what you can afford, get down there and give them your appetite and your money. You will not be sorry.
More deals to come so stay tuned.
Cheers
T
Monday, January 5, 2009
2008 Year in Review, 2009 Walking the Bull
2009 has arrived. Anacortes rang in the new year with about two weeks of snow prior to the ball dropping. Probably the biggest snow in a decade to hit the Puget Sound area lent itself to a jump on holiday lounging, skiing, sledding, and what many us so often desire.....a truly white Christmas.
2008 undoubtedly was an ebb and flow year at best; with it being primarily an ebb year for most. Production for my real estate business was down about 20% and for some considerably more. The economic woes of a country that had been living the highlife from a lending perspective over the past years beared their true weight. This burden came at time when the country was pondering its new Commander in Chief, the continuing war in Iraq, sliding home values and the upcoming holiday season.
Well, many economists claim the worst is behind us, although some forecast an even bleaker 2009. Here in Anacortes, there have been a few business closures and a handful of foreclosed homes. Prices have slid and much of the gains in the '03 to '05 years have all but washed away. Current values are becoming more reasonable and there are starting to be deals on the market again.
Prices having dropped and potentially plateued, mortgage rates at historic lows, and Sellers reaching close to their wits end with excessive days on market all spell out one thing......a buyer's market. If you are thinking of purchasing, have been sitting the fence for some time, I feel that now is time to start your active searches. Even if you haven't totally determined you are ready to make the plunge into a new home or a second home or even a rental....it is totally worthwhile to call your agent and just window shop at the very least. Homes that you see and that attract you now, may very well tweak a final time or two and having looked at them prior will enable you to pounce when the deal is subjectively ripe for you.
Remember, you are not the only one watching and waiting and usually when a specifically desirable home gets into a certain price point area......it goes and goes quickly. Last you want to do is to not prepare for that and assume no one else will want the same home. Ultimately by not doing so you merely trade in all gains in negotiating for a multiple offer scenario that drives the price back up. Believe me...it happens.
I personally have been shopping again after taking a 3 year hiatus from investment purchasing. I see acreage prices having dropped, and there are even worthwhile homes and condos in Anacortes for under 200k. All good signs.
My last thought for you is this: none of us in the real estate industry really know when the bottom of the market has come until it is well passed. Once the 'herd' of the nation is riding the upswing bull market....the true gains have already been had. My only suggestion is take this bull by the horns now for a nice easy ride. You make your money when you buy, not sell, and the time to buy is often passing while many are keeping that fence warm.
Good luck and please, don't hesitate to call or write with comments and questions.
Troy
2008 undoubtedly was an ebb and flow year at best; with it being primarily an ebb year for most. Production for my real estate business was down about 20% and for some considerably more. The economic woes of a country that had been living the highlife from a lending perspective over the past years beared their true weight. This burden came at time when the country was pondering its new Commander in Chief, the continuing war in Iraq, sliding home values and the upcoming holiday season.
Well, many economists claim the worst is behind us, although some forecast an even bleaker 2009. Here in Anacortes, there have been a few business closures and a handful of foreclosed homes. Prices have slid and much of the gains in the '03 to '05 years have all but washed away. Current values are becoming more reasonable and there are starting to be deals on the market again.
Prices having dropped and potentially plateued, mortgage rates at historic lows, and Sellers reaching close to their wits end with excessive days on market all spell out one thing......a buyer's market. If you are thinking of purchasing, have been sitting the fence for some time, I feel that now is time to start your active searches. Even if you haven't totally determined you are ready to make the plunge into a new home or a second home or even a rental....it is totally worthwhile to call your agent and just window shop at the very least. Homes that you see and that attract you now, may very well tweak a final time or two and having looked at them prior will enable you to pounce when the deal is subjectively ripe for you.
Remember, you are not the only one watching and waiting and usually when a specifically desirable home gets into a certain price point area......it goes and goes quickly. Last you want to do is to not prepare for that and assume no one else will want the same home. Ultimately by not doing so you merely trade in all gains in negotiating for a multiple offer scenario that drives the price back up. Believe me...it happens.
I personally have been shopping again after taking a 3 year hiatus from investment purchasing. I see acreage prices having dropped, and there are even worthwhile homes and condos in Anacortes for under 200k. All good signs.
My last thought for you is this: none of us in the real estate industry really know when the bottom of the market has come until it is well passed. Once the 'herd' of the nation is riding the upswing bull market....the true gains have already been had. My only suggestion is take this bull by the horns now for a nice easy ride. You make your money when you buy, not sell, and the time to buy is often passing while many are keeping that fence warm.
Good luck and please, don't hesitate to call or write with comments and questions.
Troy
Wednesday, April 30, 2008
Old Town Aesthetics
After hearing of the planning committee's decision to entertain ideas concerning the architectural styles allowed and prohibited in the Old Town area (12th Street and north), I had to post. Be it known that I am a 16th Street resident, so may not even have an iron in this fire.
Regardless, why must I post? First, because I find it interesting that the city is creating a group to determine guidelines that affect an area that isn't even defined on any piece of paper currently on the books; at least to my knowledge....it is merely understood. They are taking an area, creating an off the record community which is currently without guidelines, defining it geographically in some way, then attempting to place guidelines and further restrictions on it. Interesting indeed. After this post, I will be calling the planning commission to insure this is the case.
Secondly, I question the clarity of the city's goal, since we may be talking about future guidelines....merely things from which to deviate....right? Or, on the other hand, it may be about future restrictions, and if defined in this way, a potential problem could very well exist.
For the discussion, we need some background.
What defines Old Town? Geographically it is generally considered that area west of Commercial and north of 12th Street. It is a quaint, hodgepodge of typically older homes that create a sense of history and small town feel. Those who live in or near Old Town, enjoy a small town, turn of the century feel, where the sidewalks are abundant, and the variety of homes encompass Craftsman to Victorian and milltown bungalow to Dutch Grambels (sp). Additionally, living in this area provides easy pedestrian access to Historical Downtown, further solidifying its moniker.
Personally, I enjoy venturing from block to block either while on a run with the Mooser (my lab) or on my bike heading to my Sweetie's place, where I catch sound glimpses of beautiful older style homes that truly provide comfort and serenity to my mind. It is this sense of history and style that the city officials are attempting to preserve and promote.
Other characteristics of the area include the lack of convenants, codes and restrictions associated with the newer subdivisions on the island. Thirty Five feet height restrictions allow for one level homes to be remodeled into two-story homes with gorgeous views of the Guemes channel. You can park in your garage on Mondays and Tuesdays, but choose to park along the curb in front of your home during the rest of the week if you so desire. Many properties have smaller lot sizes where the home itself covers the majority of the properity; thus maximizing interior space, while minimizing yard upkeep; while an equal number have large, manicured lawns with wrap-around porches. Also, the variety associated with most of the homes give solace to those who despise the standard, cookie-cutter style of neighborhood; homogeneity is not a word for Old Town except in the sense that most of the homes there are, in fact, 'old.' Many of these characteristics will be considered benefits by some and detriments by others depending merely on your perspective.
That is our background.
The aforementioned committee has been tasked with developing a set of ideas, which may eventually become mandates, that will ultimately place restrictions on some of these characteristics. All in all, the intent seems benign and in keeping with the historical heritage of the area. However, as mentioned in the opening statement of this diatribe, Old Town is not a community defined by the city persay, only word of mouth. It is an area without definition and some, if not all, of the publicized ideas may be just a bit too broad in scope and too restrictive. Some include the following: Restrict overall footprint of home structure to maximize yard size and further curb appeal; promote turn of the century architectural styles, limit multi-family structures, prohibit the cutting of designated 'heritage trees', and limiting some lots height restrictions to 25 feet.
Again, all seemingly in good faith, however it just doesn't seem to pan out in the grand scheme of things. Those who currently own, bought under a set of guidelines that were loose and without architectural committee.....basically there were no guidelines, just the restrictions on height and setbacks existed. I would bet that some families may have grand plans to one day utilize this lack of guidelines to the fullest extent possible. They may plan to maximize their investment and increase their style of living through adding a garage, a second level, or simply a sun room for morning coffee. To deny their right to do so through 'legislation' creating restrictions for an area not even currently defined by the city, could be a heavy blow to many of the homeowners. Especially seeing that one's home may very well be their largest investment.
So, what should we do? Well, as I stated previously, I feel the city's intent is good. And first, they should officially designate, by street, what area the moniker 'Old Town' will encompass.
Most would agree that west of commercial, south of Guemes Channel, north of 12th street are some very solid boundaries, but what about the area that is just west of D Ave, yet north of Oakes...?? Still seemingly part of the 'Old Town' swing, but truly, where does this area cease to exist??
Once done, then instead of creating restrictions, promote a standard that is created by this committee.......and promote is the key word. As a resident of Anacortes, I have no problem with having a 'concierge of taste' so to speak, whereby we are asked to participate and receive some type of benefit if we choose to do so.
Some possible examples of this are the following: Resident X wants to tear down a small home and build anew.... X agrees to build in a turn of the century style, maximizing front yard space and curb appeal, and the city in turn puts in his/her sidewalks and allows them to have their detached garage directly on the alley line. This is an example of complete give and take, seeing that the owner is pushing their home back on the lot, giving room for kids and dogs to stroll, but then the city is understanding their is still a need to help them maximize their lot size and give them a bene' in back.???? Make sense.
Although I prefer the positive reinforcement method best, another example could be that the city could create penalties, whereby if residents choose to stray from set guidelines, they must put in sidewalks at their own expense.......And although some will complain about being penalized, at least there is an option and the homeowner is still in control of their home and its style.
To wrap up, I understand and tend to agree with the direction the city is going on this issue. However, in order to curb skepticism, maintain the integrity of the city's intent and make the process as equitable and non-restrictive as possible, the committee should ultimately make its decisions and present them all as promotable rather than mandates. Get the community involved by having a few well publicized meetings, or even merely a website for postings so that they get a better feel of what the current residents of the undefined 'Old Town' want. Get the area firmly defined, then roll out the red carpet for compromise and good will. Remember, more bees are attracted with honey than with a net. Mandates on homeowners could turn honeybees into yellowjackets just as Dr. Jekyll morphed into Mr. Hyde.
Resepectfully,
Troy
Regardless, why must I post? First, because I find it interesting that the city is creating a group to determine guidelines that affect an area that isn't even defined on any piece of paper currently on the books; at least to my knowledge....it is merely understood. They are taking an area, creating an off the record community which is currently without guidelines, defining it geographically in some way, then attempting to place guidelines and further restrictions on it. Interesting indeed. After this post, I will be calling the planning commission to insure this is the case.
Secondly, I question the clarity of the city's goal, since we may be talking about future guidelines....merely things from which to deviate....right? Or, on the other hand, it may be about future restrictions, and if defined in this way, a potential problem could very well exist.
For the discussion, we need some background.
What defines Old Town? Geographically it is generally considered that area west of Commercial and north of 12th Street. It is a quaint, hodgepodge of typically older homes that create a sense of history and small town feel. Those who live in or near Old Town, enjoy a small town, turn of the century feel, where the sidewalks are abundant, and the variety of homes encompass Craftsman to Victorian and milltown bungalow to Dutch Grambels (sp). Additionally, living in this area provides easy pedestrian access to Historical Downtown, further solidifying its moniker.
Personally, I enjoy venturing from block to block either while on a run with the Mooser (my lab) or on my bike heading to my Sweetie's place, where I catch sound glimpses of beautiful older style homes that truly provide comfort and serenity to my mind. It is this sense of history and style that the city officials are attempting to preserve and promote.
Other characteristics of the area include the lack of convenants, codes and restrictions associated with the newer subdivisions on the island. Thirty Five feet height restrictions allow for one level homes to be remodeled into two-story homes with gorgeous views of the Guemes channel. You can park in your garage on Mondays and Tuesdays, but choose to park along the curb in front of your home during the rest of the week if you so desire. Many properties have smaller lot sizes where the home itself covers the majority of the properity; thus maximizing interior space, while minimizing yard upkeep; while an equal number have large, manicured lawns with wrap-around porches. Also, the variety associated with most of the homes give solace to those who despise the standard, cookie-cutter style of neighborhood; homogeneity is not a word for Old Town except in the sense that most of the homes there are, in fact, 'old.' Many of these characteristics will be considered benefits by some and detriments by others depending merely on your perspective.
That is our background.
The aforementioned committee has been tasked with developing a set of ideas, which may eventually become mandates, that will ultimately place restrictions on some of these characteristics. All in all, the intent seems benign and in keeping with the historical heritage of the area. However, as mentioned in the opening statement of this diatribe, Old Town is not a community defined by the city persay, only word of mouth. It is an area without definition and some, if not all, of the publicized ideas may be just a bit too broad in scope and too restrictive. Some include the following: Restrict overall footprint of home structure to maximize yard size and further curb appeal; promote turn of the century architectural styles, limit multi-family structures, prohibit the cutting of designated 'heritage trees', and limiting some lots height restrictions to 25 feet.
Again, all seemingly in good faith, however it just doesn't seem to pan out in the grand scheme of things. Those who currently own, bought under a set of guidelines that were loose and without architectural committee.....basically there were no guidelines, just the restrictions on height and setbacks existed. I would bet that some families may have grand plans to one day utilize this lack of guidelines to the fullest extent possible. They may plan to maximize their investment and increase their style of living through adding a garage, a second level, or simply a sun room for morning coffee. To deny their right to do so through 'legislation' creating restrictions for an area not even currently defined by the city, could be a heavy blow to many of the homeowners. Especially seeing that one's home may very well be their largest investment.
So, what should we do? Well, as I stated previously, I feel the city's intent is good. And first, they should officially designate, by street, what area the moniker 'Old Town' will encompass.
Most would agree that west of commercial, south of Guemes Channel, north of 12th street are some very solid boundaries, but what about the area that is just west of D Ave, yet north of Oakes...?? Still seemingly part of the 'Old Town' swing, but truly, where does this area cease to exist??
Once done, then instead of creating restrictions, promote a standard that is created by this committee.......and promote is the key word. As a resident of Anacortes, I have no problem with having a 'concierge of taste' so to speak, whereby we are asked to participate and receive some type of benefit if we choose to do so.
Some possible examples of this are the following: Resident X wants to tear down a small home and build anew.... X agrees to build in a turn of the century style, maximizing front yard space and curb appeal, and the city in turn puts in his/her sidewalks and allows them to have their detached garage directly on the alley line. This is an example of complete give and take, seeing that the owner is pushing their home back on the lot, giving room for kids and dogs to stroll, but then the city is understanding their is still a need to help them maximize their lot size and give them a bene' in back.???? Make sense.
Although I prefer the positive reinforcement method best, another example could be that the city could create penalties, whereby if residents choose to stray from set guidelines, they must put in sidewalks at their own expense.......And although some will complain about being penalized, at least there is an option and the homeowner is still in control of their home and its style.
To wrap up, I understand and tend to agree with the direction the city is going on this issue. However, in order to curb skepticism, maintain the integrity of the city's intent and make the process as equitable and non-restrictive as possible, the committee should ultimately make its decisions and present them all as promotable rather than mandates. Get the community involved by having a few well publicized meetings, or even merely a website for postings so that they get a better feel of what the current residents of the undefined 'Old Town' want. Get the area firmly defined, then roll out the red carpet for compromise and good will. Remember, more bees are attracted with honey than with a net. Mandates on homeowners could turn honeybees into yellowjackets just as Dr. Jekyll morphed into Mr. Hyde.
Resepectfully,
Troy
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