Bellingham, WA is experiencing a seller’s market and has been for several years. We continue to see rising prices, that hit hardest in Bellingham's core neighborhoods. While prices are on the rise, inventory is also very low for Bellingham Real Estate. Homes that are priced at market value will sell quickly, and in most cases, they will have multiple offers. Bellingham is the heart of the market, but you will see the ripple effect on prices and inventory in Ferndale, Everson, Lynden, Birch Bay, Blaine, Custer, and up towards Deming and Mt. Baker.
Inventory is low, and listings are selling at record speed and price. Be prepared for multiple offers over the asking price.
Today’s rates as of 06/03/2022
Product Rate APR Monthly Principal & Interest Payment
15-Year Fixed 4.125% 4.395% $2,237.90
30-Year Fixed 5.250% 5.421% $1,656.61
10/6 SOFR ARM 5.125% 4.566% $1,633.46
FHA 4.875% 6.070% $1,795.03
See today’s rate assumptions from one of our local lenders: https://www.umpquabank.com/help-center/rate-assumptions/
Have questions or want to chat? Contact me anytime.
Absolutely start with a Realtor that has their finger on the pulse of the market in Bellingham and Whatcom County. In today’s fast-paced world where answers are a quick Google search away, there are some folks who may second-guess the benefits of hiring a real estate professional. Here's the truth, the addition of more information brings more confusion and questions.
Now more than ever in Bellingham, WA, you need a Real Estate expert on your side to guide you toward your dreams and not let anything get in your way of achieving them. Buying or selling a home is definitely not something you want to DIY (Do It Yourself )! Click here for your FREE Home Buying Guide, it's packed full of information!
There’s More to a Real Estate Search Than Finding a House You Like Online
There are over 230 possible steps that must take place during every successful real estate transaction, in my experience. Determining your price, submitting an offer, and successful negotiation are just a few key parts in the process. It is more crucial than ever to have all of your ducks in a row before you submit an offer, your goal is for the seller to sign on that dotted line. Don’t you want someone who has been there before with other buyers? Someone who knows what the necessary actions are to ensure you achieve your dream?
You Need a Skilled Negotiator
In today’s market, hiring a talented negotiator could save you thousands, even tens of thousands of dollars. Having a Certified Negotiation Expert on your side will be a huge plus! Each step of the way – from the original offer, to the possible renegotiation of that offer after a home inspection, to the potential cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.
There is so much information out there in the news and on the Internet about home sales, prices, and mortgage rates. How do you know what’s specifically going on in Bellingham or your specific target neighborhood? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much or offending the seller with a lowball offer?
Hiring a Realtor who has his or her finger on the pulse of the Bellingham and Whatcom County market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.
Today’s real estate market is highly competitive in Bellingham and Whatcom County. Having a Real Estate professional who’s been there before to guide you through the process will give you a huge advantage.