J. Kent Erickson, Broker Associate
Direct / 208.447.7848

Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

Posted by on Jun 18, 2019 in Home Ownership, Selling a Home | 0 comments

Some Highlights: If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI). Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers. Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most...

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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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Are Older Generations Really Not Selling Their Homes?

Posted by on May 22, 2019 in Real Estate Market, Selling a Home | 0 comments

Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56% of sellers in 2018! This means the majority of sellers last year were over the age of 54. This also shows these generations ARE moving! The report also shared the reasons why they chose to move. According to the research, the top reason was a desire to be closer to friends and family. Below is a full breakdown: As we can see, they have plenty of reasons to sell their current home! But what type of homes are they trading in? Once again, the...

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A Tale of Two Markets [INFOGRAPHIC]

Posted by on May 18, 2019 in Buying a Home, Real Estate Market, Selling a Home | 0 comments

Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium home markets which is causing prices to cool. Demand continues to rise with lower-than-normal inventory levels in the starter and trade-up home markets, causing prices to rise on a year-over-year basis for 85 consecutive...

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Why Access Is One of the Most Important Factors in Getting Your House Sold!

Posted by on May 8, 2019 in Selling a Home | 0 comments

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers. There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, and price. There are many levels of access that you can provide to your agent so that he or she can show your home. Here are five levels of access that you can give to buyers, along with a brief description: Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the...

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Selling Your House: Here’s Why You Need A Pro In Your Corner!

Posted by on Apr 25, 2019 in Selling a Home | 0 comments

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families. Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO): The buyer, who wants the best deal possible The buyer’s agent, who solely represents the best interests 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...

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