J. Kent Erickson, Broker Associate
Direct / 208.447.7848

Selling a House? Don’t Overprice It

Posted by on Oct 27, 2014 in Selling a Home, Uncategorized | 0 comments

There is no doubt that the housing market is coming back nicely. What, if anything, could slow down the current momentum? We believe it may be sellers’ over exuberance when it comes to pricing. There is little doubt that house prices have appreciated over the last twelve months in most regions of the country. However, with both the inventory of homes for sale and interest rates increasing, we have to be careful to not over judge what the market can bear. Trulia just reported that asking priceshave jumped dramatically and the increase is accelerating: Year-Over-Year prices jumped 10.7% Quarter-Over-Quarter prices jumped 4.1% (16.4% annualized) Month-Over-Month prices jumped 1.5% (18% annualized) No expert is expecting home prices to shoot up 18% in the next twelve months. If anything, price appreciation may slow as rates and inventories increase. Investors will begin to slow...

Read More

How to Use Comparable Sales to Price Your Home

Posted by on Oct 20, 2014 in Selling a Home, Uncategorized | 0 comments

By: Carl Vogel Published: August 5, 2010 Before you put your home up for sale, understand how the right comparable sales help you and your agent find the perfect price.   How much can you sell your home for? Probably about as much as the neighbors got, as long as the neighbors sold their house in recent memory and their home was just like your home. Knowing how much homes similar to yours, called comparable sales (or in real estate lingo, comps), sold for gives you the best idea of the current estimated value of your home. The trick is finding sales that closely match yours. What makes a good comparable sale? Your best comparable sale is the same model as your house in the same subdivision—and it closed escrow last week. If you can’t find that, here are other factors...

Read More

The Importance Of Using An Agent When Selling Your Home

Posted by on Oct 14, 2014 in Selling a Home | 0 comments

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. Today, 92% of all buyers use the internet in their home search according to the National Association of Realtors’ 2013 Profile of Home Buyers & Sellers. However, the report also revealed that 96% percent of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their home directly from a seller...

Read More

The Costs of Renting Out Your House

Posted by on Oct 8, 2014 in Uncategorized | 0 comments

By: Richard Koreto Published: May 21, 2010 Renting out your house can be a smart financial move, as long as you calculate your costs carefully. You have a single-family house and you are considering renting out your home. Perhaps you’re temporarily relocating for work, or maybe you inherited your childhood home from your parents, and you’re not quite ready to part with it yet. Renting can be a profitable choice, but it requires an investment of time, money, and organization to make it work. Here’s how to determine whether renting out your house is worth the cost. Calculate your monthly expenses You want to charge at least enough to cover your monthly outlay. So the first step is to use our free downloadable worksheet to calculate your costs. Start with regular expenses like mortgage, maintenance, and homeowners association dues....

Read More

Should I Rent or Sale My House?

Posted by on Oct 3, 2014 in Selling a Home | 0 comments

When it comes to deciding whether you should rent or sell your house, are you worried you’ll make the wrong financial moves? Here’s how to make the right call. When your current home no longer suits you, selling it is a popular option. But in some cases, turning it into a rental home might make more sense. There are lots of factors to consider when making the “sell vs. rent my home” decision, including: Your financial situation. Local market conditions for rental homes. Your future housing plans. Your tolerance for being a landlord. State and federal income taxes. Current and projected home prices. Other factors to consider include: Is your move permanent? Going away for a few years and planning to come back to the area? It may be cheaper to rent your house and move back in when...

Read More