J. Kent Erickson, Broker Associate
Direct / 208.447.7848

Local Real Estate Professional

Posted by on Jun 15, 2017 in Buying a Home, Selling a Home | 0 comments

Why Working with a Local Real Estate Professional Makes All the Difference If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.” CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender. Survey respondents cited many reasons for their choice to go local, “including personal touch & handholding, longstanding relationships, local knowledge, and amount of hassle.” Doria Lavagnino, Cofounder &...

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Moving to Another State?

Posted by on Jun 12, 2017 in Buying a Home | 0 comments

Why Americans Consider Moving to Another State? [INFOGRAPHIC] Some Highlights: In a recent Harris Poll, Americans listed “change in climate/weather” as their top reason for wanting to relocate. 41% would move for a “better job opportunity.” Being closer to loved ones filled out 3 of the top 6 reasons why Americans...

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Tips for Effectively Making an Offer

Posted by on May 26, 2017 in Buying a Home | 0 comments

4 Tips for Effectively Making an Offer: So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration: 1. Understand How Much You Can Afford “While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.” This ‘tip’ or ‘step’ should really take place before you start your home search process. As we’ve mentioned before, getting pre-approved is one of many steps that will...

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Year of Your Dream Home: 2017

Posted by on May 16, 2017 in Buying a Home | 0 comments

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early! If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year: Freddie Mac “While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.” Lynn Fisher, Vice President of...

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Want to Buy a Home? Now is the Time!

Posted by on May 15, 2017 in Buying a Home | 0 comments

Financial Planning: 4 Reasons to Buy a House Today Homeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that far transcend any economic impact. However, we want to look at several of the financial advantages of homeownership in today’s post. 1. Buying is Cheaper Than Renting The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The report reveals that: “Interest rates have remained low, and even though home prices have appreciated around the country, they haven’t greatly outpaced rental appreciation…Nationally, rates would have to reach 9.1% for renting to be cheaper than buying. Rates haven’t been that high since January of...

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All About PMI

Posted by on May 12, 2017 in Buying a Home | 0 comments

Get All the Facts about PMI: When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What is PMI? Freddie Mac defines PMI as: “An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.” As the borrower, you pay the monthly premiums for...

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