J. Kent Erickson, Broker Associate
Direct / 208.447.7848

2 Things You Need to Know to Properly Price Your Home

Posted by on May 28, 2019 in Home Inspection, Mortgage & Finances, Real Estate Market, Selling a Home | 0 comments

In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a homeowner looks to refinance or sell their home, as the expectation of what the homeowner believes the home should be worth does not always line up with the bank’s appraisal. Every month, the Home Price Perception Index (HPPI) measures the disparity between what a homeowner seeking to refinance their home believes their house is worth and what an appraiser’s evaluation of that same home is. Over the last five months, the gap...

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With Inventory Low: Will Your Dream Home Need Some TLC?

Posted by on Apr 27, 2019 in Buying a Home, Home Inspection, Real Estate Market | 0 comments

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate. “The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating. Replete with inspiration at their fingertips – like Pinterest, Instagram, and various home renovation TV shows – some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget.” Just over half of all respondents who said they would be...

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20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]

Posted by on Mar 30, 2019 in Home Inspection, Selling a Home, Selling an Investment Property | 0 comments

Some Highlights: When listing your house for sale, your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to ensure this happens! Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can...

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Kent’s 10 Questions To Ask Home Inspectors

Posted by on Jun 27, 2014 in Home Inspection | 0 comments

Kent’s 10 Questions to Ask Home Inspectors Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors: 1. Will your inspection meet recognized standards? Ask whether the inspection and the inspection report will meet all state requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s Web site also provides a database of state regulations. 2. Do you belong to a professional home inspector association?...

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