Welcome to Premier Homes NW Real Estate Blog.  We love our community, and whether it is Olympia, Lacey, Tumwater or rural Thurston County, we want to bring you the best possible information we can.  Our blog provides valuable information on buying a home, new homes for sale, home selling strategies.

Feb. 15, 2023

Understanding Closing Costs: What to Expect When Buying a Home

Buying a home is a major financial commitment, and one of the costs you'll need to consider when purchasing a home are closing costs. Closing costs are the fees associated with finalizing a real estate transaction, and they can add up quickly. In this blog post, we'll discuss the most common closing costs you can expect to pay during a real estate transaction.

  1. Loan origination fees: This fee covers the costs of processing and underwriting a mortgage. It typically ranges from 0.5% to 1% of the loan amount.

  2. Appraisal fees: This fee pays for a professional appraisal of the property to ensure that the lender is not lending more than the home is worth.

  3. Home inspection fees: This fee covers the cost of a professional inspection of the property to identify any potential issues.

  4. Title search and insurance: This fee is for the cost of searching public records to verify the property's ownership and ensure there are no liens against it. It also includes title insurance, which protects you against any defects in the title that may arise in the future.

  5. Escrow fees: This fee covers the cost of the third party who holds and distributes the funds during the transaction.

  6. Recording fees: This fee covers the cost of recording the deed and mortgage with the county.

  7. Property taxes: Depending on when you close on your home, you may be responsible for paying property taxes for the remainder of the year.

  8. Homeowner's insurance: This fee covers the cost of insuring your new home against damage or loss.

Closing Costs when purchasing a home in olympia waAll of these closing costs can add up to several thousand dollars. It's important to budget for these expenses and work with your real estate agent and lender to understand what to expect. Some closing costs are negotiable, so it's worth asking your lender or real estate agent if they can be reduced.

In conclusion, closing costs are an important part of the home-buying process that should not be overlooked. By understanding what to expect, you can be prepared for the expenses that come with closing on a home. Work with a trusted real estate agent and lender to ensure you have a complete understanding of the closing costs associated with your real estate transaction.

Feb. 10, 2023

Buying a Home in Lacey WA

Buying a home is one of the biggest investments you'll make in your lifetime, and finding the right real estate company to help you through the process can be just as important as finding the right home. If you're looking for a home in Lacey, Washington, consider working with Premier Homes NW, the top real estate company in the area.

Lacey is a beautiful city located in the heart of Washington State, with a growing population, great schools, and plenty of parks and recreational opportunities. It's an ideal place to call home, and with Premier Homes NW, you'll have a team of experienced real estate agents who are knowledgeable about the Lacey area and dedicated to helping you find the home of your dreams.

At Premier Homes NW, we understand that buying a home is a complex and often stressful process, which is why we work hard to make it as easy and stress-free as possible. Our agents are experts in the Lacey real estate market and will work with you to find homes that meet your needs and budget. They'll also provide you with a comprehensive list of homes for sale in Lacey, so you can easily compare prices, features, and locations to find the best home for you.

In addition to helping you find the right home, Premier Homes NW will also help you navigate the home-buying process. We'll provide you with a clear understanding of the steps involved in buying a home, so you know what to expect at each stage of the process. Our agents will also assist you with paperwork, negotiations, and closing, making the process as seamless and stress-free as possible.

Another benefit of working with Premier Homes NW is that we have a strong network of lenders, inspectors, and other professionals who can help you through the home-buying process. We'll help you secure financing, schedule home inspections, and handle any other tasks that may arise during the home-buying process. With Premier Homes NW, you'll have a team of experts working with you every step of the way, making the home-buying process as smooth and hassle-free as possible.

In conclusion, if you're looking for a home in Lacey, Washington, consider working with Premier Homes NW. Our team of experienced real estate agents will help you find the home of your dreams and guide you through the home-buying process, making the experience as easy and stress-free as possible. Contact us today to learn more about how we can help you find your dream home in Lacey.

Feb. 3, 2023

Getting Pre-Approved for a Mortgage: A Step-by-Step Guide

Getting Pre-Approved for a Mortgage: A Step-by-Step Guide

If you're thinking about buying a new home, the first step in the process is getting pre-approved for a mortgage. Pre-approval is an important step in the home-buying process as it gives you a clear idea of how much you can afford to borrow and helps streamline the process when you find the home of your dreams. In this blog post, we'll walk you through the steps of getting pre-approved for a mortgage.

Step 1: Gather Your Financial Information

To get pre-approved, you'll need to provide some basic financial information to the lender. This includes your income, employment history, and credit score. Make sure to have all of your financial documents in order and ready to provide to the lender.

Step 2: Choose a Lender

Once you have your financial information together, you'll need to choose a lender. You can go to your local bank, a mortgage broker, or apply for a loan online. Whichever option you choose, make sure to compare rates and fees to ensure you're getting the best deal.

Step 3: Submit Your Loan Application

Once you've chosen a lender, you'll need to submit your loan application. You can do this online or in person. Make sure to provide all the necessary information and be honest about your financial situation.

Step 4: Review Your Credit Report

A lender will use the information you provide to determine your ability to repay the loan and give you an estimate of what your monthly payments will be. This is also a good time to review your credit report and make sure there are no errors that could impact your ability to get pre-approved.

Step 5: Review the Pre-Approval Details

Once your loan application has been processed, you'll receive a pre-approval letter from the lender. This letter will outline the terms of the loan, including the interest rate, loan amount, and monthly payments. Make sure to review this letter carefully and ask any questions you have before accepting the loan.

Step 6: Start House Hunting

With pre-approval in hand, you'll have a stronger bargaining position when it comes to making an offer on a home. You'll also be able to close the deal faster, as the lender has already approved you for the loan. Now it's time to start house hunting and find the home of your dreams!


In conclusion, getting pre-approved for a mortgage is an important step in the home-buying process. By following these steps, you'll be well on your way to finding the perfect home and securing a loan that meets your financial needs. Don't wait, get pre-approved for your mortgage today and take the first step towards your dream home.

Jan. 30, 2023

The Benefits of New Construction in Lacey Olympia Tumwater

The Benefits of New Construction:


  1. Energy Efficiency: New construction allows you to have modern, energy-efficient systems and appliances, reducing energy costs and environmental impact
  2. Customization: Building a new home allows you to personalize the design, layout, and features to your exact preferences and needs.
  3. Improved Safety: New construction incorporates up-to-date safety standards, such as fire-resistant materials, and smoke and carbon monoxide detectors.
  4. Low Maintenance: New homes come with warranties and often require less maintenance and repairs than older homes, saving you time and money in the long run.
  5. Increased Resale Value: A well-built new home can appreciate in value faster than an older home and be more attractive to potential buyers when it's time to sell.
  6. Healthier Living Environment: New homes are built with materials that emit fewer pollutants and are less likely to contain harmful substances such as lead or asbestos.
  7. Modern Technology: New homes can be equipped with the latest technology, including smart home features and sustainable energy systems.


In conclusion, new construction offers numerous benefits, from improved energy efficiency and customization to increased resale value and healthier living environments. Whether you're looking for a forever home or a short-term investment, building new can provide long-term benefits that far outweigh the initial investment.

Check out the 3 factors that affect home affordability

Oct. 9, 2017

What You Need To Know About Getting a Mortgage

Mortgage Process in Olympia and Lacey WA

Some Highlights 

-Many people are purchasing homes with less than 20% down.  In fact, many are getting a mortgage with as little as 3% down.

-You DON"T need perfect credit to qualify for a loan.

-Talk to a local expert and take advantage of their knowledge, to help determine what you qualify for and how much you can afford.

Please feel free to contact Brandon at the Premier Homes NW team at Abbey Realty Inc in Olympia, Lacey and Tumwater if you would like more information on Home Loans


April 6, 2017

April Can Be a Timely Entry Point for Olympia Listings


It’s Spring!--Traditionally the time of year when area homeowners who haven’t yet listed their homes for sale in Olympia, may have a legitimate question about whether it’s too late to benefit from the spring selling season. This year, they may also be legitimately concerned that the rise in mortgage interest rates could hold back prospective buyers.

The answer to the first question is a qualified NO—not too late! The only qualification has to do with the condition of the property itself. If it can be in showable condition within a month or so, this is a fantastic time to jump into the Olympia market—for a variety of reasons.

We won’t know the actual foot traffic numbers for Olympia until after the dust has settled at the end of summer, but we do know for certain that the law of supply and demand points to this year being a standout for sellers. In large part, because the economic outlook has been building optimism for months, early signs point to strengthening buying interest. Realtors® across the nation report that last month’s buyer traffic was either strong or moderate. The index number for December through February was all the way up to 70 (that’s at the top of the chart)—up from 57 just a few months back. At the same time, the volume of new listings remained weak in most areas: down to 41 from 48. That would negate the most common argument for delaying entry into Olympia’s listings—that is, the fear of getting lost in the shuffle as the real estate season peaks. If the number of listings continues to lag, that worry disappears. When demand is up and supply down, everyone from high school economics teachers to Warren Buffet agree there’s no better time to jump into the market.

As for the other concern—the Fed’s having raised borrowing rates—so far it hasn’t seemed to discourage buyers. The analysts at Housingwire offer three reasons why that might be happening. First, most potential homebuyers believe rates will rise further, prompting them to act sooner rather than later. Second, any slackening in mortgage applications will prompt lenders to relax the tight lending standards that have tended to depress the market. Lastly (this is a good one!), lenders had already factored in last month’s rate hike—so actual home loan rates aren’t likely to rise further for a while.


The long and the short of it is that for anyone hesitating to add their home to this spring’s Olympia listings, it’s not only not too late—it’s also an excellent idea. Another excellent idea is to give me a call ASAP: the buyers await!

March 27, 2017

Will Home Sales in Olympia Match “Soaring” U.S. Rate?

Olympia home sales usually do respond to seasonal patterns that are familiar in most other areas. Spring and summer lead the way for weather-related, financial, school scheduling and other family-related reasons. From now into well into the early fall, house sales activity can be counted on to peak. Those are the typical expectations.

But when any segment of United States home sales numbers quadruple expectations even before spring bulbs see daylight, that’s worthy of special attention. This was the case last Thursday when the Commerce Department reported on February purchases of newly built homes, and that they rose by 6+%. Since The Wall Street Journal’s experts had only predicted 1.4%, it drew attention.

In fact, this was the second month in a row for sharp rises in U.S. new home sales—and what could be a bright sign for Olympia’s own prospects as the spring selling season begins. Press reports were, to put it mildly, enthusiastic:

  • MartketWatch: “New-home sales roar to a 7-month high”

  • Reuters: “…strength in housing should underpin economic growth”

  • ABC News: “Americans…snapping up new homes at the fastest pace since July”

  • Bloomberg: “U.S. New-Home Sales Climbed to a Seven-Month High”

  • CNBC: “[Sales] were the highest since July of last year—and that was the best number since January of 2008”

Bloomberg’s Michelle Jamrisko believes the house sales rise that the impact from the recent rise in borrowing costs was, at most, “modest.” That sentiment was echoed by the Realtor, which quoted the National Association of Housing’s chief economist. “The uptick in mortgage interest rates,” he said, “is having a minimal effect.”


We’ll have to wait and see whether it holds true what the impact of mortgage interest rates on Olympia’s own home sales. They could be either “modest” or “minimal”—or the prospect of continuing hikes might induce more new seller prospects to get busy sooner rather than later. If “sooner” describes your own inclination, I hope you’ll decide to put thought into action by giving me a call!

March 22, 2017

Olympia Housing Market Fits Many Downsizing Agendas

Time Magazine ended last week with a commentary that could foreshadow how this year’s Olympia housing market might differ from years past. Author Bill Saporito identified a mismatch in the housing market that could bode well for empty nesters. Whether or not the implications will be a perfect fit for our Olympia housing outlook, the “Big Picture” assessment does seem to gel with a lot of what we’re hearing and reading.

Time’s housing market “mismatch” begins with the national assessment that the U.S. is experiencing an annual shortage of as many as 700,000 new homes. Even though the latest economic outlook is refreshingly encouraging, new home builders are only now beginning to build the capacity to expand operations. As a result, “they haven’t banked as much land” or filed enough permits to keep pace. It’s also possible that the new administration’s crackdown on illegal immigrants may materially tighten labor availability.

The upshot is to create a scenario where demand for existing homes rises, putting current homeowners in “prime position” when they decide to list. Bolstering that proposition are some national statistics which peg the supply of existing homes at a scant 3.6 months—and it’s been more than a decade since the supply was that low.

What that probably means for our local Olympia housing prospects is what you expect when demand outpaces supply. When those greater conditions combine with the more immediate local factors, the overall takeaway should be good news for empty nesters (and downsizers in general). In addition to the extra energy that arrives with real estate’s traditional spring selling season, this year, in addition to the shortage of supply, the specter of rising Olympia mortgage costs acts as an extra prod. Time quotes the chief economist of one global group on that score: “…buyers are beginning to realize you might as well get in now.”


If you have been considering any of the opportunities unfolding in today’s Olympia housing market, I’ll be delighted to discuss ways I can help you take advantage of them. Call me for a consultation—of course it will be obligation-free.

March 15, 2017

Predicting Olympia Home Prices Doesn’t Take a Nobel Prize

The timing for when to sell a Olympia home can be a decision that pretty much makes itself. Sometimes family demands call for a move to larger or smaller quarters; sometimes a change in career demands or a schooling decision dictates a residential switch. But there are other times when an eventual move is in the cards—but timing is flexible.

That’s a situation where the decision can hinge on expectations for where future Olympia home prices seem to be headed. Nobody likes to be taken by surprise—especially if the surprises were foreseeable. As we enter the start of the peak Olympia real estate selling season, it would be useful to know the direction Olympia home prices are likely to move. Right now, it looks as if mortgage interest rates are moving upward: will that make selling more difficult?

 Looking for a truly well-educated guess, it’s hard to argue with the Nobel Prize Committee. Fortunately for us, those ladies and gentlemen named someone in the real estate economics field worthy of their international seal of approval (and a chunk of their 2013 Prize money). That’s Robert Shiller, the Yale Economics professor who accurately predicted both the dot-com and housing bubbles and who co-authors the authoritative Case-Shiller Index.

One logical concern for Olympia homeowners might be whether rising mortgage interest rates are likely to soften Olympia home prices this spring. The Wall Street Journal provided a reassuring answer: “U.S. Housing Market Roars into 2017, Case-Shiller Says.” Per their month-end roundup, “Home prices shrug off higher interest rates.” The shrugging they cited was indicated by the fastest growth in home prices since 2013—despite higher interest rates.

This may not be tantamount to Prof. Shiller’s personal guarantee that the recent interest rate rise won’t retard Olympia home sales—yet it does seem that history has seen a similar home price phenomenon before. In 1983, a 2.04% rise in mortgage interest rates resulted in a 6.6% rise in real estate values. In 1987, similar results. Between April 1999 and May 2000, a 1.6% interest rate rise accompanied a nearly 11% rise in values!

Olympia home prices will certainly not see anything like that 1999 kind of dizzying marketplace—and that’s just as well. The national consensus for 2017 is for moderate price gains in the 4%-6% range. But for those holding back from listing for fear that prospective buyers may shy away this spring, it doesn’t seem to be likely.


In fact, with a little imagination, you may almost be able to hear the approaching sound of the Journal’s housing market “roar.” If so, I hope you call me soon!

March 13, 2017

The Difference an Hour Makes

This Sunday marked the annual “spring forward” sleep-robbing occasion: the switch to this year’s Daylight Savings Time. “Springing forward” may sound like a spirited, energetic exercise, but for Olympia residents like me who do our best to keep regular hours, this week it will inevitably produce, at minimum, an extra yawn or two.

If it sounds as if I’m a bit grouchy about the whole thing, it’s only partially true. I hardly missed the hour between 2 a.m. and 3 a.m. on Sunday, save for how it made the night’s sleep an hour shorter. Intellectually, I know that the hour is actually in the bank: come fall, everyone in Olympia will get the hour back. Without interest, though.

Despite the Daylight Savings enthusiasts’ objections, the way the Earth and Sun naturally cooperate with each other seems perfectly satisfactory. The gradual lengthening of daylight proceeds slowly enough to give everyone in Olympia ample time to adapt without interference from outsiders. It’s never been clear why we are asked to abruptly reprogram our internal clocks the way DST promoters insist. Originally, they say the reason offered was to save fuel—but if that never seemed to make much sense, you’ll be gratified to know you aren’t crazy. A 2011 study in Indiana proved that 4% more electricity was required once Indianans started observing DST.

Given that fact, it might seem economical for Washington to stop observing Daylight Savings so we could save that 4%—but then we’d be out of luck trying to figure out how to sync up with everybody in the rest of the country (except for Hawaii and Arizona).

That issue hasn’t been enough to discourage some, though. The number of countries observing DST has been gradually falling in recent years. Between last year and this, for instance, Turkey and Mongolia dropped out. The world is now counting 75 observing countries, down from a high of 86 just eight years ago. If this keeps up, by 2030 or so, we may not have to discuss this at all!

This year Olympia’s calendar was complicated by the Daylight Savings kickoff being scheduled perilously close to Saint Patrick’s Day (Friday). This could result in more celebrants than usual nodding off during the festivities. Sleep-deprived party-goers might forget that they’ve already endlessly discussed whether green beer is a useful invention or whether St. Patrick really did drive all the snakes out of Ireland.

If they have fully recovered from Sunday, they might recall that there were never snakes there in the first place. “Snakes” was actually contemptuous put-down for the Druids, who were, in fact, driven from the Emerald Isle. As a group, they’d surely have grounds for a whale of a slander suit. There may be some Druids left somewhere (but probably not in Ireland).


Despite these distracting events, I can report that Olympia’s spring selling season is seeing the light of day and proceeding right on schedule. I hope you will give me a call if real estate matters will be part of your 2017!