Boise Real Estate Information and News

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings to home design. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 11, 2018

Falling in Love? Why You Need Professional Help!

‘Tis the season for love, with Valentine’s Day around the corner. It ‘tis also the season for the Boise real estate market to pick up as spring fever is upon us and people are starting to look at buying a new home.  If you are among those falling in love with the idea of some new digs, here’s why it is important to enlist the help of a professional Realtor® right from the beginning.

A good buyer’s agent will get you started on the right foot. She will sit down and chat with you, to get an idea of what you are looking for, at what price and in what area of town. She will ask lots of questions to narrow down the field and get you set up on a property search that can be emailed to you at your convenience. Your agent may also describe to you the current state of the real estate market you are considering and advise you on steps you should take to be ready to buy a house. This may include suggestions to find a lender for the type of loan you are looking for to get you pre-approved so you are ready when you find the house you want.

You will work together as you go through the process of viewing properties, making an offer, negotiating, home inspection and appraisal, all the way to closing and getting the keys to your new home! Your agent will be available to you to answer any questions throughout the transaction and ensure your best interests are always at the forefront. A real estate professional should offer you the pinnacle of service so that you are never left wondering about anything.

Likewise, if you have an existing home to sell before you buy a new property, find out what your agent can offer you for a strategy to list, stage and market your home. Coordinating all of the moving parts can sometimes feel overwhelming to homeowners, so this is where your agent can help you navigate all of the details to ensure a smooth transition.

Whether it’s your first home purchase, or your fourth, there will always be some stress involved when dealing with likely your largest sale or purchase; however, having an experienced and trustworthy Realtor® on your side will make the process as worry free as possible and have you settled in to your new dream home in no time!

Your offer has been accepted, now what? Here's what your Buyer's Agent will help navigate for you:

If you are considering buying or selling, please give us a call! Templeton Real Estate Group—208.473.2203 or via the web. For buyers, we have specialists who will focus on you, the buyer. For sellers, we offer a free and confidential consultation. And, remember if you choose to list with us, we offer a complimentary staging service that, combined with our marketing expertise, will sell your house for more. You may not need to spend a lot in improvements to sell…staging may be all you need to make your house shine. We are TOP BOISE REAL ESTATE agents who know Boise real estate.

By Bonnie Way Snider, Licenced Realtor® and Blogger

Source:

Realtor.com; You Tube. Home Buying 101: Closing Costs

 

 

Feb. 5, 2018

Buying a House? Why You Need to Be Pre-Approved

Unless you’ve been living under a rock, you know that the housing market in Boise is very competitive right now. And, if you’re a buyer, looking in East Boise, real estate inventory is low especially—in the lower-priced homes.

So, how do you ensure you beat the competition on a property and get the one you want when you see it? A first step is to talk with a lender and get yourself pre-approved for a mortgage. Sellers will know that you are serious and ready to go if they receive your offer with a letter of pre-approval. It’s also the best way for you to know how much you can pay for a house.Realtor.com offers the following explanations:

What is mortgage pre-approval, anyway?

Mortgage pre-approval is that step in the process where a lender probes deep into your financial past, checking out your income, debts, credit score, and other factors that help it determine whether or not to give you a home loan—and how much money you stand to get. And that helps you set your sights on the right price range for a home.

Be prepared to offer up a pile of paperwork to earn your pre-approval. In general, the paperwork you’ll need to assemble for your lender includes the following:

  • Pay stubs from the past 30 days showing your year-to-date income
  • Two years of federal tax returns
  • Two years of W2 forms from your employer
  • 60 days or a quarterly statement of all of your asset accounts, which include your checking and savings, as well as any investment accounts such as CDs, IRAs, and other stocks or bonds
  • Any other current real estate holdings
  • Residential history for the past two years, including landlord contact information if you rented

Pre-approval vs. pre-qualification: What’s the difference?

Mortgage pre-qualification entails a basic overview of a borrower’s ability to get a loan. You provide a mortgage lender with information—about your income, assets, debts, and credit—but you don't need to produce any paperwork to back it up. As such, pre-qualification is relatively easy and can be a fast way to get a ballpark figure of what you can afford. But it's by no means a guarantee that you'll actually get approved for the loan when you go to buy a home.

Getting pre-approved, in contrast, is a more in-depth process that involves a lender running a credit check and verifying your income and assets, says Rodriguez. Then an underwriter does a preliminary review of your financial portfolio and, if all goes well, issues a written commitment for financing up to a certain loan amount; this commitment is good for up to 90 or 120 days. So as long as you find your dream house and officially apply for your loan approval in that time period, you're good to go!

When you are ready to buy, talk to your lender and get pre-approved. In today’s real estate market, it is a necessity.

Here’s some more info on the mortgage process:

 

And, if you need a recommendation for a great lender or if you are considering buying or selling and would like to talk with us about what your options are, give us a call! Templeton Real Estate Group—208.473.2203 or via the web. We offer a free and confidential consultation. And, remember if you choose to list with us, we offer a complimentary staging service that, combined with our marketing expertise, will sell your house for more. You may not need to spend a lot in improvements to sell…staging may be all you need to make your house shine. We are TOP BOISE REAL ESTATE agents who know Boise real estate.

By Bonnie Way Snider, Licenced Realtor® and Blogger 

Sources:

Realtor.com®: https://www.realtor.com/advice/finance/why-mortgage-pre-approval-matters/; https://www.realtor.com/advice/finance/get-a-mortgage-preapproval/

 

 

Jan. 29, 2018

Have You Met Your New Years Organizational Goals?

Okay, we’re a month into the New Year…and likely, one of your New Year’s Resolutions was to get your house more organized. And, if you’ve found yourself walking in circles around your house looking for your car keys, it is also likely, you haven’t quite accomplished that goal yet.

Scientifically speaking, the desire to maintain a tidy home can actually make you healthier.

As Psychology Today points out, one study found that people who kept their homes clean were physically healthier and more active than those with messy abodes, while another study discovered that women who described their homes as "cluttered" were more likely to be fatigued, depressed, and stressed. If that's enough to convince you to bust out your dustpan and labeling machine, consider this New Year Home Organization 101.

 

 

Getting organized and clearing out clutter is a goal for many of us and can be overwhelming. However, with some small steps and an action plan, you can do this!

First - Be Realistic

·        Set smaller, more attainable goals over time rather than one gigantic goal.

·        Try to de-clutter one room a month.

·         Do just 10 minutes/one drawer/one shelf/one box per day – sometimes limiting yourself to tiny parcels of time is less intimidating and, therefore, more productive than devoting an entire weekend.

Change Your Attitude

·        Ask yourself: What is the positive result of the resolution? Avoid hinging your self-worth on the accomplishment of the resolution.

·        Create a reward system for attaining goal or for each month on track.

·        Use de-cluttering or purging as a meditation: each item has a story or is part of your story, so “thank” the item for the story, close that chapter and move on.

·        Whether you have a lot or a little, be grateful for what you have. This will make passing it on easier and even fulfilling.

·        Going through your stuff can be like shopping in your own closet – you’ll find gems you’d forgotten you had!

·        Find a charity and donate — tax deduction is a bonus!

·        Get your kids involved. Have them fill one box or bag to give away, and let them help pick the charity.

Reward Yourself

·         Take a moment and pat yourself on the back for each drawer you organize, each pile you pare down, and each bag you take out to recycle, toss or donate

·         Celebrate with small rewards each month you stick to your plan

·         Something you’ve been wanting? Make it a reward after completing a large project

·         If cold, hard cash will ease the pain, consign your treasures at a local shop or sell on eBay

Stay Accountable

·         Agreements we make with ourselves are easy to fudge: Find someone to commit to your decluttering goal with, whether it’s one person or a group. Everyone should set a goal — whether it’s a similar or different project — and hold each other accountable. Encourage each other, confess when you fall behind, and share rewards and celebrations!

"A new year is a great time to evaluate what is working in your life, and set intentions for the future. If your space has become filled with physical clutter, this can create an underlying feeling of stress or of being stuck," professional organizer and Composed Living founder Elsa Elbert tells MyDomaine. "I often find in working with clients that when they begin to address the build of physical items, they make room for positive change in the rest of their life."

Before you get started, visualize the outcome and how great you will feel with less clutter in your home. Decluttering your home helps you declutter your mind – so keep your eye on the prize and get started. You can do it!

CLICK HERE for more organizing tips!

If you are considering selling your current house and would like to talk with us about what your options are, give us a call! Templeton Real Estate Group—208.473.2203 or via the web. We offer a free and confidential consultation. And, remember if you choose to list with us, we offer a complimentary staging service that, combined with our marketing expertise, will sell your house for more. You may not need to spend a lot in improvements to sell…staging may be all you need to make your house shine. We are TOP BOISE REAL ESTATE agents who know Boise real estate.

Are you a buyer looking for a new home? Come see East Boise and everything that makes it great — Boise RiverBoise Greenbelt, and our beautiful Boise Foothills. Whether walking, hiking, jogging, biking, or just appreciating the views, these are Boise gems and treasures of our Valley. And, a large reason why builders like Boise Hunter Homes and Brighton Corporation are developing in Harris Ranch and River Heights.

 

By Bonnie Way Snider, Licenced Realtor® and Blogger

Sources:

Pottery Barn. https://blog.potterybarn.com/how-to-make-home-new-years-resolutions-that-last/

My Domaine. http://www.mydomaine.com/new-year-organization

Most Organized Home in America (Part 1) by Professional Organizer & Expert Alejandra Costello. https://www.youtube.com/watch?v=EoC83JhkCAw

Jan. 25, 2018

ACT NOW, if you are considering selling

If You’re Considering Selling, ACT NOW!!

If You’re Considering Selling, ACT NOW!! | MyKCM

Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

How did we finish 2017?

  1. New-home sales were at their highest level in a decade.
  2. Sales of previously owned homes were at their highest level in more than a decade.
  3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

And Bloomberg Business just reported:

“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”

And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.

The only challenge to the market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale. Currently, there is less than a four-month supply of inventory. This represents a decrease in supply of 9.7% from the same time last year.

Bottom Line

With demand increasing and supply dropping, this may be the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood. Call the Templeton Real Estate Group today 208-473-2203 See More about Selling your homw

Posted in Selling your home
Jan. 21, 2018

What’s Your East Boise House Worth in One of the Nation’s Hottest Real Estate Markets?

 

As Boise continues to make all of the “best cities in the country to live” lists, people continue to relocate here. And, as people continue to move here, real estate inventory has decreased – driving up demand and prices.

 

 

Boise Regional Realtors® (BRR) reports that while existing home inventory is down, new construction homes are on the upsurge. There were 317 more new homes for sale in Ada County in December 2017 than existing homes. The actual numbers reported for Ada County were 854 new homes, compared to 537 existing homes on the market in December 2017.

According to the National Association of REALTORS® (NAR), we need builders to bring more product online to pull us out of our local inventory shortage, so an increase in new construction is welcomed. But some question if this strategy could lead to another wave of overbuilding like we saw in the mid-2000s. At that time, new construction was more speculative, which led to more new houses than there was demand. Today’s new construction inventory levels are much more in line with buyer demand for new homes, which has increased with the Boise region’s population growth.

Last May, the Idaho Business Review reported that Boise joined Salem, Ore.; Seattle; Greeley and Fort Collins, Colo.; and Provo, Utah, as the only cities among the 95 markets that ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, analyzed to hit record highs in the January-to-March timeframe. Utah, Nevada, Idaho, Florida, Washington, Oregon and Colorado were the seven fastest-growing states in 2016, according to the U.S. Census Bureau.

CLICK HERE to Watch the Ada County Market Report for December 2017.

 

If you are considering selling your current house and would like to talk with us about what your options are, give us a call! Templeton Real Estate Group—208.473.2203 or via the web. We offer a free and confidential consultation. And, remember if you choose to list with us, we offer a complimentary staging service that, combined with our marketing expertise, will sell your house for more. You may not need to spend a lot in improvements to sell…staging may be all you need to make your house shine. We are TOP BOISE REAL ESTATE agents who know Boise real estate.

Are you a buyer looking for a new home? Come see East Boise and everything that makes it great — Boise RiverBoise Greenbelt, and our beautiful Boise Foothills. Whether walking, hiking, jogging, biking, or just appreciating the views, these are Boise gems and treasures of our Valley. And, a large reason why builders like Boise Hunter Homes and Brighton Corporation are developing in Harris Ranch and River Heights.

 

By Bonnie Way Snider, Licenced Realtor® and Blogger

Sources:

Boise Regional Realtors. http://boirealtors.com/category/news/

https://www.youtube.com/watch?v=sD0gpEEhHEc

Data from Boise Regional REALTORS® (BRR) and the Intermountain MLS (IMLS) as of [DATE]. These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. The IMLS and BRR provide these statistics for purposes of general market analysis but make no representations as to past or future performance.

Idaho Business Review: https://idahobusinessreview.com/2017/05/08/boise-was-among-six-cities-to-hit-record-high-home-prices-this-winter/

Jan. 19, 2018

Our Newest Listing- North End Charmer

Fall in love with this North end charmer! Enjoy an active Boise lifestyle w/ quick access to Hyde Park's shops & restaurants, Boise Co-op, downtown, Memorial Park, the foothills & Bogus Basin. This unique loft-style 2 bedroom is filled w/ artistic flare from the exposed wood beams & cathedral ceilings to the original hardwood floors. Entertaining made easy w/ an open floor plan, outdoor patio & fully fenced backyard. Oversized 2 car garage w/ tons of storage space is a rare opportunity in this location. OPEN SUNDAY 1 to 3 PM More Details Here

 

 

Home for sale boise

Bois ehome for sale Thatcher

Northend Boise Home for sale

Call Templeton Real Estate Group Today for your private tour! 208.473.2203

See More homes For sale in North Boise

 

 

Jan. 19, 2018

Boise #1 Place to Move in the Nation

Where Did Americans Move in 2017? [INFOGRAPHIC]

Where Did Americans Move in 2017? [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Atlas Van Lines recently released the results of their annual Migration Patterns Survey in which they tracked their customer’s movement from state-to-state over the course of 2017.
  • Idaho held on to the top spot of ‘high inbound’ states for the 2nd year in a row followed by Washington.
  • The ‘outbound’ states seem to draw a line straight across the country from Connecticut to Wyoming.
Jan. 18, 2018

Billionaire Says Real Estate is the Best Investment

Billionaire: Buy A Home… And If You Can, Buy A Second Home!

 

 

Billionaire: Buy a Home… And if You Can, Buy a Second Home!

“The housing market has bottomed. It’s not too late to get involved. I still think buying a home is the best investment any individual can make. Affordability is still at an all-time high.”

When asked how the average person could take advantage of the current real estate market at the time, Paulson said:

“Buy a home and, if you can, buy a second home.”

Two years ago, Paulson reiterated his statement, saying:

“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.”

Who is John Paulson and why should you listen to him?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell.

What do others think of Paulson?

According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.” 

So… Is what he said still true?

The core reasons behind Paulson’s statements still ring true today, but why does he believe homeownership is such a great investment?

Paulson broke down the math of homeownership as an investment:

1. “Today financing costs are extraordinarily low.”

The latest numbers from Freddie Mac show us that you can still get a 30-year mortgage at historically low rates of under 4%.

2. “And if you put down, let’s say, 10 percent and the house is up 5 percent,” as many experts predict,“then you would be up 50 percent on your investment.”

How many are seeing a 50% return on a cash investment right now?

Paulson goes on to compare the long term financial benefits of owning versus renting:

3. “And you’ve locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed.”

Bottom Line

Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one. CONTACT Templeton Real Estate Group TODAY to start investing now!

Jan. 17, 2018

Tax Reform & Housing: What Does it all Mean?

Tax Reform & Housing: What Does it all Mean?

Disclaimer: This guide is not meant to be a resource for tax advice but instead a resource for basic information concerning only certain aspects of the new tax code and how they may impact the real estate market. You should get tax advice from your accountant or tax preparer who will explain how the entire tax code will affect your personal return.

 

This information comes immediately after the new tax code became law. Some of the information may be revised as the analysis of the new law evolves.

 

 

When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:

  • Changing the requirements for the exclusion of gain on the sale of a principal residence
  • The reduction on the limit of the Mortgage Interest Deduction (MID)
  • The elimination of the State and Local Tax deduction (SALT) which includes property taxes

Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.

1. Exclusion of gain on sale of a principal residence

Original Proposal: Owners would need to live in their house for at least 5 out of the last 8 years to claim this exemption. Under the former tax framework, a typical owner, who has lived in their house for at least 2 years out of the last 5 years, would pay nothing in capital gain taxes if they sell the house.

The New Tax Code: No change. The “at least 2 years out of the last 5 years” requirement is unchanged.

Impact on the Market: None.

2. Mortgage Interest Deduction

Original Proposal: Reduce the limit on the mortgage interest deduction (MID) amount from $1,000,000 to $500,000.

The New Tax Code: Reduces limit on deductible mortgage debt to $750,000 for new loans taken out after 12/14/17. Current loans up to $1 million are grandfathered.

Impact on the Market: Assuming a 20% down payment, this reduction in the MID will impact buyers that are purchasing a home between the prices of $938,000 and $1,250,000. Any home under the lower price is still covered and any home over the higher price was not covered under the former tax code either.

What does that mean to the market? Experts disagree. Calculated Risk’s Bill McBride:

“I think the impact of reducing the MID from a maximum of $1 million in mortgage debt to $750 thousand in mortgage debt will have very little impact on the housing market.”

On the other hand, Capital Economics claims:

“The impact on expensive homes could be detrimental, with a limit on the mortgage interest deduction raising taxes for those that itemize.”

3. State and Local Taxes (SALT)

Original Proposal: The elimination of the state and local tax deduction (which includes property taxes).

The New Tax Code: Allows an itemized deduction of up to $10,000 for the total of state and local property taxes and income or sales taxes.

Impact on the Market: Most experts agree that higher taxed regions will be impacted as homeowners in those communities now have a cap on these deductions.

Calculated Risk’s Bill McBride stated:

“SALT will have an impact on housing in some areas. Some people might choose to live in one state over another (if they have a choice), based on taxation. This could impact demand in certain states – especially for the middle and upper-middle class homeowners.”

Mark Zandi of Moody’s Analytics said:

“The impact on house prices is much greater for higher-priced homes, especially in parts of the country where incomes are higher and there are thus a disproportionate number of itemizers, and where homeowners have big mortgages and property tax bills.”

What will be the overall impact on the housing market?

For most of the country, the new tax code will not have a negative impact on the market. As Capital Economics reports:

“Given most households will see an overall tax cut, and potential buyers are likely to put that saving towards their home, we doubt it will have a significant detrimental impact on the housing market.”

There is also no doubt that some higher priced, higher taxed regions will be affected more than others. However, most experts agree that other portions of the tax code will favor the high-end buyer and seller, and this might mitigate many concerns. McBride explains:

“The corporate tax cuts (and other tax cuts) will mostly benefit the wealthy, and this will be a positive for high end real estate.”

What does this all mean to you?

To know for sure, you should sit with your accountant or financial planner and explore how all the aspects of the new code will impact your family.

Most families consider homeownership an essential part of the American Dream, and don’t purchase a home based solely on the tax advantages. The main reasons they buy a home are personal (they just got married, they are looking for a good place to raise children, they want to be near friends and family, they want to better enjoy their retirement, etc.). This will never change.

Looking at the new tax code, Mr. McBride’s opinion makes the most sense:

“There will be some negative impact based on SALT, but overall the impact of these policy changes on housing will be minimal.”

 

 

 

 

 

 

 

 

For more Information on how the new tax code will impact you specifically call the Templeton Real Estate Group today 208.473.2203 

Jan. 16, 2018

Join Us! Sip & Sunset on January 20, 3-5pm

 

Come see Harris North in East Boise!

Join us at 6129 E Hootowl Drive for our Sip & Sunset event, Saturday, January 20 from 3-5pm and get a view from the top.

Come see why this community is so special. Nestled amid breathtaking scenery and wildlife, you have easy access to the many trails in the Boise Foothills, the Boise River and GreenbeltLucky Peak Reservoir, Barber Park and Marianne Williams Park. And, you’re just minutes away from great neighborhood eateries such as (our home) Bown Crossing’s Bier 30, The Tavern, Boise’s Fry Company and Locavore, as well as Harris Ranch’s Lucky 13 and one of our favs the Coffee Mill. Throw in great schools and a fabulous new library…and you’ve got it all!

If you are considering a move to East Boise, you will want to put Boise Hunter Homes' Harris North on your must-see list. See you there!

Gorgeous views - CLICK HERE to see aerial footage!