real estate: Turning Back the Clock on the Older Home - Part II - 05/08/08 07:24 AM
It's Crunch Time - You just got orders, are buying a bigger house or just need to sell and move on.  You've dealt, as much as possible, with the major items (see Part I of this post) but what final adjustments should you make to your older home just before putting it on the market?  Some cost effective suggestions:
Grab Your Agent - What the heck, you're paying him anyhow so why not put her years of experience to work for you.  One thing though - please don't ask for an unvarnished opinion of what needs to be done and then get … (0 comments)

real estate: Turning Back the Clock on The Older Home - Part I - 04/15/08 09:05 AM
The clock starts running on a new home when the Mountain Home, Idaho Building Department signs the building permit. Advances in building science and changing economic conditions work together to cause our homes to rapidly become something less than "state of the art" and worth less than the "next new thing". This is true of every home in the community, but 30+ year old homes need special attention to ensure that value lost by obsolescence doesn't negate value gained through other factors.
It's important to recognize that older homes, in particular, are competing not only with other homes for sale but … (0 comments)

real estate: Keeping the Wolf Away - Still Few Foreclosures to Report - 03/25/08 11:00 AM
Don't get me wrong - homes sales are clearly off from a year ago and I currently have more time to catch up on old paper work than I care to. Still, despite the media's constant wailing and gnashing of teeth, the Mountain Home, Idaho real estate market remains in pretty good shape. There are a couple of reasons for our relative good fortune.
The dominance of Mountain Home Air Force Base in the local economy is a powerful force in maintaining employment stability. The number of jobs at MHAFB, at least in the short term, isn't directly tied to changes … (0 comments)

real estate: The End of the Ever Larger Home? - 02/13/08 05:39 PM
After running my weekly analysis of what's going on in the Mountain Home, Idaho real estate market, I'm now of the suspicion (and working towards the conclusion)  that new home prices may have finally reached the point where local builders are drafting new game plans.  In 2007, for the first time in practically forever, the median size of a new home was smaller than in the year before.  The difference was small, only about 6%, and one year does not a trend make but it is something I'm watching closely.
Apparently at least one Mountain Home builder has taken notice and is … (1 comments)

real estate: Residential Garage Fires - Serious Problem, Simple Solution - 01/24/08 10:44 AM
An Interesting Fact that's probably as true in Mountain Home Idaho as anywhere else.  Did you know that nearly 1/4 of all fatal home fires begin in the garage? These fires are especially deadly because they spread quickly and are well underway before  occupants are alerted to the blaze. Gas Cans, fumes from spills and leaks plus the inevitable collection of rags and boxes provide a ready fuel supply.  (Technical note:  Those propane cylinders for the family bbq stored in the garage fall outside of the fuel category and into that of explosives.)The Typical Garage also provides several ignition sources from "home brew" electrical wiring to light bulbs … (5 comments)

real estate: Keeping Secrets from Our Clients - 01/09/08 10:52 AM
Every Day we hear about how today's home buyers are fixated on value.  They're smarter, more sophisticated and have access to tools and information that makes them more informed and astute buyers.  That may all be true but, after reading the engagement agreements of more than a few relocation/referral companies, I've got a few questions about the decisions some of them (and we) are making.
How Come buyers let themselves get mauled by various relocation/referral companies that promise endless "Buyer Benefits" but who deliver only a fraction of the referral fees paid to them by agents who agree to work for huge … (0 comments)

real estate: Mountain Home, ID Real Estate Wrap Up and Forecast - 01/08/08 07:14 PM
Activity and Prices By historical standards, 2007 was a good but not record setting year for Mountain Home. Sales of both new and existing homes were off about 19% from 2006. During the same period, the median price of existing homes increased by 12% to $152,000 while new homes saw a price drop of about 5% to $192,000.  Much of the decrease in new home prices is because fewer, more expensive homes on acreages were built in 2007.
Marketing Time The average marketing time (from date of listing to date of closing) is currently 59 days, an increase of 7 days for the year.  However, a recent … (0 comments)

real estate: Is Energy Efficiency a Leading Cause of Energy Consumption? - 12/12/07 07:20 AM
According to Canadian scientists, increasing energy efficiency also increases overall energy consumption.  You heard it here first - consumers are taking their newly acquired energy savings and plowing it back into more and bigger energy guzzling products.
The conclusions by CIBC World Markets were reached, in part, by studying the effects of increased efficiency standards for new, Canadian homes.  The results indicate that, despite huge gains in energy efficiency, per capita energy consumption grows by ever increasing amounts.
The major culprit in the housing sector is demand for larger homes which include more and more energy gulping goodies such as media rooms, deluxe appliances, additional water heaters and the like.
Jeff Rubin, CIBC's Chief Economist, suggests that the problem … (3 comments)

real estate: Not All the Real Estate News is Grim - 11/07/07 09:29 AM
Time to put aside all the media hysteria, gloom and doom and look at a couple of fun things that have absolutely no relevance to Mountain Home Idaho real estate. Naked Carpenter Acquitted!
A Bay area (why does this not surprise me?) carpenter has been found not guilty of indecent exposure for building a client's bookshelves while nude. After a three day trial, the jury determined that even though 51-year-old Percy Honniball of Oakland was working naked, he was not acting lewdly or seeking sexual gratification. Honniball explained that he likes to work unclothed because it "gives him a greater range … (0 comments)

real estate: Warm Winds From Washington Waft - Real Estate News - Mountain Home, ID - 10/31/07 09:10 PM
Prompted by the meltdown of the subprime mortgage market and the resulting flood of foreclosures, House Democrats have reacted (over-reacted?) with HR3915 the "Mortgage Reform and Anti-Predatory Lending Act of 2007". Among other provisions, the Act would prohibit prepayment penalties on "High Cost" mortgages (including loans already in existence) and require that consumers receive "counseling" before entering into loans of this type.
Borrowers won't be the only group that will need counseling if the Act passes as drafted. Lenders will be prohibited from steering any applicant into a loan that "isn't in the consumer's best interests" (could that possibly be any … (0 comments)

real estate: It Isn't Easy Being Green (Yet!) - Energy Efficiency - Mountain Home, ID - 10/18/07 08:58 AM
I just completed a year long (well, it took ME a year) program leading to certification under the ECOBroker program.  The primary goal of ECOBroker is to train real estate professionals about residential energy efficiency and home environmental issues (e.g. indoor air quality) so that we can can then provide knowledgeable advice to our clients.
Unfortunately, it appears that I'm all dressed up but have no place to go.  Despite consumer interest in hybrid cars, synfuels and such; commitment to residential energy efficiency appears to be hovering at the lip service stage.  Nationally, 80% of home buyers claim that energy efficiency is … (2 comments)

real estate: Real Estate Investment Goes Bust - Real Estate News - Mountain Home, ID - 10/05/07 08:15 AM
I'm not quite sure how to handle this (true) story. I'll try to do so with sensitivity and dignity but.....
Several Boise investors were among those victimized in a $95 million dollar scam where a "1031 Exchange Accommodator" (more about this later) took the investors' money to purchase businesses for itself - specifically breast implant manufacturers in Great Britain and France.
The company, Arrow 1031 Exchange (a subsidiary of Southwestern 1031 Exchange) allegedly lifted and separated the money from the victims over a period of several years but were able to repay accounts until the breast implant industry went flat.
In … (1 comments)

real estate: Being Absorbed and Liking It - Market Conditions - Mountain Home, ID - 10/01/07 11:45 AM
If you've been keeping an eye on the "Market Conditions" page of my web site you probably know that it's my read that the Mountain Home real estate market is in "pretty good" shape at the moment.  However, much as I hate to, I recognize that there are a few hard cases out there that like more than me waving my hands vaguely in the air.
If its numbers you want then absorption analysis is what you need.  Absorption analysis projects, by market segment, how quickly the current inventory of homes will sell (i.e. be absorbed) based on the current level of activity in the same market … (0 comments)

real estate: "Fixer Upper" or "Budget Buster"? - Real Estate - Mountain Home, ID - 09/05/07 07:33 AM
Many of my clients initially express an interest in moving into a home that "with a little work" will result in a fat profit on resale.  Although a few ultimately take the plunge (some successfully), most quickly realize that these projects aren't for the faint of heart.  In hopes of helping the determined among you, here are a few hints to get you started.
Fixer Upper Hint #1 - Please take your entire collection of "How to Get Rich in Real Estate" videos and books, soak them in kerosene and use them as bug lights.  If the process was either as simple … (1 comments)

real estate: And Now For Something Entirely Different - 08/28/07 08:03 AM
A bit of interesting news entirely unrelated to real estate.  Veterans interested in starting their own businesses may  want to jump all over the Small Business Administration's new "Patriot Express" (where dooo they get these names) Loan Program. 
The program, also available to active duty personnel participating in the Transition Assistance Program, provides streamlined processing, higher loan limits (up to $500,000) and lower interest rates than the SBA Standard Express loan .
Additional information about Patriot Express is available at http://www.sba.gov/patriotexpress/index.html or, if you're in the Boise area at SBA's District Office 380 East Parkcenter Blvd., Suite 330 Boise, ID  83706.
Jan DeGiorgio   … (0 comments)

real estate: Greatest Real Estate Myths #1 - Real Estate - Mountain Home, ID - 08/13/07 10:57 AM
Myth #1 - A Listing Agent Who Doesn't Show Your Home to a Boatload of People is a Bum!
I recently acquired a listing from homeowners unhappy with their listing agent because "he never showed our home".  Treading gently, I tried to communicate that the primary job of the listing agent is not to sell the home but to get it sold!  In fact, it's entirely possible that a first-rate agent will never personally usher a prospect through the home.
When a nervous family, with 60 days to get out of Dodge, entrusts me with the sale of their home, do you think they'd … (1 comments)

real estate: Putting the Welcome Mat Back Out for VA Buyers - Real Estate - Mountain Home, ID - 07/25/07 11:24 AM
The primary goal of my blog is to promote real estate peace, love and understanding but there will be times when I will stray from my lofty purpose and grumble a bit.  This is one of those times.
I note that, as the Boise real estate market cools, a surge of what must be patriotic fervor is sweeping the valley.  When the market was red hot most listings didn't indicate VA financing as being "acceptable" to the seller and the few that did included verbiage such as " VA buyers add $600".   But that was then.  Today, those same buyers are being … (0 comments)

real estate: Lies, Darned Lies and Real Estate Statistics - Market Conditions - Mountain Home, ID - 07/18/07 12:18 PM
Mountain Home Idaho real estate is, in large part, a numbers game. We need them to talk about prices, appraisals, sizes, interest rates, dimensions and the list goes on. But, like in any other industry, some of the numbers used are misleading, irrelevant or just plain wrong. Some examples.  Local home prices, according to the Intermountain Multiple Listing Service (and reported by the media), have increased by 15% over the past 12 months but the actual rate is much closer to 9%. So why the big difference? Are those dang real estate agents just trying to get more people to sign … (0 comments)

real estate: Mountain Home Idaho Market Conditions - 07/12/07 09:29 AM
After weathering a Spring slowdown, the Mountain Home Idaho real estate market is beginning to heat up.  Inventories for proposed and lower priced homes are at higher than normal levels but there continues to be strong demand for homes in the $150-220K price range.  
Although busy, activity is not at the near "frantic" levels of the recent past.  Buyers now have the luxury of choice without the need to rush a hurried offer to the seller before someone else "steals" the home.  Sellers are understandably less delighted but realize that the value growth their homes have already experienced will result in large gains upon sale, even in a slower market.
Recent layoffs at Micron Technology, plus a huge inventory of unsold … (0 comments)

real estate: No More Chemical War - Real Estate - Mountain Home, ID - 05/08/07 10:46 AM
Unclogging your bathroom drains may seem an odd topic for a real estate blog but I'm so impressed with a product my wife brought home that I think I'll give it (and my wife) a plug.
"Zip-It" is a 24" long plastic doohickey with soft teeth (costs about $4 at Walgreens) that pretty much eliminates the need for expensive and caustic  chemical drain cleaners.  Just stick the device in the offending drain, swirl it around a bit and yank it out. 
I had a chance to test drive it this morning when my shower drain started gasping and gulping.  I'll spare you a graphic description … (5 comments)

 

Jan DeGiorgio

Mountain Home Idaho Real Estate

Mountain Home, ID

More about me…

CENTURY 21 Southern Idaho Realty

Address: 1135 West 6th South, PO Box 824, Mountain Home, ID, 83647

Office: (208) 587-9021

Mobile: (208) 890-6416

Email Me

Contact me for up to date information on all things real estate in the Mountain Home, Idaho and Mountain Home Air Force Base areas.

30+ years helping military families discover the wonder of Southwest Idaho.



Jan's Blog



Links

Archives

RSS 2.0 Feed for this blog