Tag Archives: home selling

ada county (boise) market statistics for December 2009

Ada County, Market Statistics December 2009


The Ada County (Boise) market statistics for December 2009 released earlier this month show there are more contracts being written and submitted to sellers, but less of a percentage of them are making it to a closed deal over last year. The decline could be a symptom of various actions taken, but I’m going to narrow it down to two; a higher percentage of homes on the market are selling short, therefore less than what they owe on the home. Secondly, loans are that much more difficult to approve, including, but not limited to, strength of borrower and strength of appraised property value.

Also indicated by the numbers, if you’re home on the market is in the price range above $300,000, you’ll have much competition in selling. Only 12% of the homes sold in December were sold above $300,000.

As a professional that tours homes at least three times a week, let me give you a little unsolicited advice; make your home stand out! Have it groomed and ready to show at anytime; this means giving your tenants incentive to do the same! Ask them for specific times and days the property will be in perfect showing condition, no questions asked. Give them a goodie package with cleaning supplies, air defusers, and a basket of booties for prospects to wear while viewing.

Ask your real estate professional to give you weekly updated on the comparable homes in your area that have sold and price accordingly. Chasing the market is a no-win situation.

If you have any questions about the numbers you see or desire to hear more about to ready your home for sale, please don’t hesitate to contact me directly.

Tina Funkhouser
Group One
208.867.8595
tfunkhouser@group-one.com


House Price Indicator Interactive from The Economist

The Economist just launched, an interactive graphic of The Economist’s house-price indicators. View house price trends from… Interactive House-Price Graph


sell / rent / buy

It’s always one of these, in terms of ‘what kind of market’ it is depending on who you talk to, should I sell, rent, buy–I’m so confused!! One thing is very clear this year, if you have saved your pennies, you have a good job and would like to quit paying your landlord’s mortgage so you can be the one the reap the benefits of property ownership, THIS IS YOUR YEAR. Take a look at a writer for the Wall Street Journal, June Fletcher, reasons to Buy or Not to buy and decide for yourself.
Tina


Market Stats for October 2008

In the spirit of continual transparency, below please find the link to Group One’s market statics for the Treasure Valley through October 2008.
Please contact me with any questions/comments you may have regarding Treasure Valley Real Estate!

http://www.group-one.com/marketreport/marketstats.html


Something people in Boise already know….

Not every neighborhood is for everyone, although we can learn something from every neighborhood. Take my neighborhood for instance, Boise’s North End, recently named one of the 10 Best Neighborhoods of 2008 by American Planning Association. The reasons are numerous why I returned, appreciating it all the more for having left. I no longer drive to the foothills to run my dog, I walk. I no longer worry how I’m going to get home after tying one on Downtown, I walk. My friends and I can grab a coffee, slice of pizza, and new TEVAs on sale within walking distance. My office is close, so I walk now and then when I’m not showing clients property. Oh, by the by, I’ve shown property WALKING! What a better way to understand the community you want to live. My pocket book and my waistline thank me!

Not every neighborhood is structured like this. It takes time, money and planning. But wouldn’t it be great if everyone took one less trip and lived close to something they frequent so they could walk.


8 Quick Fixes to Increase You Home’s Value


With buyers scarcer, sellers must up the ante to convince them that their property offers what many want most — top value for dollar expended. Here are eight fast fixes:

1. Buff up curb appeal. You’ve heard it before, but it’s critical to get buyers to want to look on the inside. Be objective. View listings from the street. Check the condition of the landscaping, paint, roof, shutters, front door, knocker, windows, house number, and even how window treatments look from the outside. Add something special—such as big flower pots or an antique bench — to help viewers remember house A from B.

2. Enrich with color. Paint’s cheap, but forget the adage that it must be white or neutral. Just don’t get too avant-garde with jarring pinks, oranges, and purples. Recommend soft colors that say “welcome,” lead the eye from room to room, and flatter skin tones. Think soft yellows and pale greens. Tint ceilings a lighter shade.

3. Upgrade the kitchen and bathroom. These make-or-break rooms can spur a sale. But besides making each squeaky clean and clutter-free, update the pulls, sinks, and faucets. In a kitchen, add one cool appliance, such as an espresso maker. In the bathroom, hang a flat-screen TV to mimic a hotel. Room service, anyone?

4. Add old-world patina. Make Andrea Palladio proud. Install crown molding at least six to nine inches in depth, proportional to the room’s size, and architecturally compatible. For ceilings nine feet high or higher, add dentil detailing, small tooth-shaped blocks used as a repeating ornament. It’s all in the details, after all.

5. Screen hardwood floors. Buyers favor wood over carpet, but refinishing is costly and time-consuming. Screening cuts dust, time, and expense. What it entails: a light sanding, not a full stripping of color or polyurethane, then a coat of finish.

6. Clean out, organize closets. Get sorting—organize your piles into “don’t need,” “haven’t worn,” and “keep.” Closets must be only half-full so buyers can visualize fitting their stuff in.

7. Update window treatments. Buyers want light and views, not dated, fancy-schmancy drapes that darken. To diffuse light and add privacy, consider energy-efficient shades and blinds.

8. Hire a home inspector. Do a preemptive strike, since busy home owners seek maintenance-free living. Fix problems before you list the home and then display receipts and wait for buyers to offer kudos to sellers for being so responsible.

Sources: Ernie Roth, Roth Interiors, Los Angeles; Angel Petragallo, abr, Group One, Boise, Idaho; Melissa Galt, Galt Interiors, Atlanta; Steve Kleiman, CEO, Oakington Realty, Houston; Sid Davis, Sid Davis & Associates, Farmington, Utah, and author of First-Time Homeowners’ Survival Guide (Amacom, 2007); Steve Hochman, Friendly Note Buyers, Roxbury, N.Y.; Margi Kyle, designer and spokesperson for Hunter Douglas.


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