J. Kent Erickson, Broker Associate
Direct / 208.447.7848

Don’t Get Caught in the “Renter’s Trap”

Posted by on Nov 24, 2014 in Buying a Home, Selling a Home | 0 comments

In a recent press release, Zillow stated that the affordability of the nation’s rental inventory is currently much worse than affordability of the country’s home sale inventory. The release revealed two things: Nationally, renters signing a lease at the end of the second quarter paid 29.5% of their income to rent U.S. home buyers at the end of the second quarter could expect to pay 15.3% of their incomes to a mortgage on the typical home Furthermore, renters pay more than the average of 24.9% that was paid in the pre-bubble period while buyers actually pay far less than the 22.1% share homeowners devoted to mortgages in the pre-bubble days. Don’t Become Trapped If you are currently renting you could get caught up in a cycle where increasing rents continue to make it impossible for you to save for a necessary down...

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4 Reasons to Buy Before Winter

Posted by on Nov 18, 2014 in Buying a Home | 0 comments

 It’s that time of year, the seasons are changing and with them bring thoughts of the upcoming holidays, family get togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don’t have to look much farther to find four great reasons to consider buying a home now, instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates...

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5 Reasons You Shouldn’t For Sale By Owner

Posted by on Nov 12, 2014 in Uncategorized | 0 comments

Some homeowners consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). We think there are several reasons this might not be a good idea for the vast majority of sellers. Here are five of our reasons: 1. There Are Too Many People to Negotiate With Here is a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO. The buyer who wants the best deal possible The buyer’s agent who solely represents the best interest of the buyer The buyer’s attorney (in some parts of the country) The home inspection companies which work for the buyer and will almost always find some problems with the house The appraiser if there is a question of value Your bank in the case of...

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Be the Host with the Most for Thanksgiving

Posted by on Nov 5, 2014 in Uncategorized | 0 comments

9 Ways to Avoid Gobbling Up Energy on Thanksgiving Wasting energy on Thanksgiving? Don’t be a turkey. Read How to Clean Up After Thanksgiving in Half the Time The Pilgrims were on to something when they planned a Thanksgiving potluck; here are other good ideas that’ll simplify your T-Day kitchen cleanup. Read How to Organize Your Refrigerator Leftovers gobbling up space in your refrigerator? Here are some tips for keeping things organized, efficient, and tasty. Read Tips on How To Prepare Your Home for Holiday Guests Is your home ready for holiday visits from friends and family? Here’s how to prepare for the invasion. Read 5 Holiday Hosting Disasters and How to Avoid Them Take a look at the most common things that can go wrong when you have guests and learn how to prevent them. Read Visit houselogic.com...

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What You Must Know About Home Appraisals

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

Understanding how appraisals work will help you achieve a quick and profitable refinance or sale.  When you refinance or sell your home, the lender will insist that you get an appraisal–an opinion of the value of your home based on what similar homes in your area have sold for in recent months. Here are five tips about the appraised value of your home. 1. An appraisal isn’t an exact science When appraisers evaluate a home’s value, they’re giving their best opinion based on how the home’s features stack up against those of similar homes recently sold nearby. One appraiser may factor in a recent sale, but another may consider that sale too long ago, or the home too different, or too far away to be a fair comparison. The result can be differences in the values two separate appraisers...

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