Boise Real Estate Information and News

You’ll find our blog to be a wealth of information, covering everything from local market statistics, new home listings,  home values, real estate market happenings  home design, and community happenings. 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!

Jan. 17, 2020

Open House Weekend - 2 Exceptional New Listings!!

We've got two FANTASTIC new listings on the market! Tour them both this Sunday, January 19th from 1 to 3 pm.

4153 E Barber Station Way | NE Boise (bottom left, bottom right)
Beautiful home in desirable Harris Ranch! Entry welcomes you w/ charming porch, soaring ceilings & warm refinished hardwood floors. Kitchen opens to bright family rm w/ gas fireplace & dining area w/ walkout to covered patio & gorgeous lush landscape & oversized yard - perfect for entertaining! Split bdrm floorplan features main-level master, two bdrms up w/ bonus rm. Fourth main-level bdrm makes great office/flex space. Upgraded Dual-Zoned HVAC 2-years new! Community pools; walk to Boise River & Greenbelt!
4 bedroom |  2.5 bath |  2092 sq.ft. 
>> Click HERE for more property info

8676 W Thunder Mountain Dr. | South Boise (upper left, middle left, upper right)
Enjoy AMAZING VIEWS of Squaw Butte & Boise Foothills in this COMPLETELY RENOVATED home. Modern style & flair abound! All new HVAC, wtr htr, gorgeous windows, flooring, fresh paint, light fixtures, landscaping & fencing mean extra time spent relaxing in front of the fireplaces or entertaining from multiple patios, including private deck off master. Large circle drive has plenty of parking w/ designated spot for RV/boat in addition to the over-sized 4 car garage! No rear neighbors & no HOA.
5 bedroom |  3 bath |  2653 sq.ft. 
>> Click HERE for more property info

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Jan. 10, 2020

The New Spring Real Estate Market is Here. Are You Ready?

The New Spring Real Estate Market is Here. Are You Ready? | MyKCM

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.

So, what does that mean? The busiest season in real estate has just begun.

The same research indicates,

“Historically, April launched the kickoff of the home shopping season as buyers would come out of their winter hibernation looking for their new home. However, the spring shopping season now starts in January for many of the nation's largest markets.”

With the reality of fewer homes on the market in the winter, and that supply naturally increases as we head to the spring market, waiting for more competition to list in your neighborhood this year might put you behind the curve. Perhaps now is the time to jump into the market.

George Ratiu, Senior Economist at realtor.com says,

“As shoppers modify their strategies for navigating a housing market that has become more competitive due to rising prices and low inventory, the search for a home is beginning earlier and earlier.”

There is a lot of speculation in the market about why the search for a home is shifting to an earlier start. The one thing we do know is if you’re thinking about buying or selling a home this year, the earlier you get started, the better.

Reminder: When should you sell something? When there is less of that item for sale and the greatest number of buyers are in the market. That’s exactly what is happening in real estate right now.

Bottom Line

The new spring market for real estate is underway. If you’re considering buying or selling, let’s connect, so you have the advantage in this competitive market.

Jan. 2, 2020

Open House Weekend - 2 Stellar New Listings!!

 

We've got two STELLAR new listings on the market! Tour them both this Sunday, January 5th from 1 to 3 pm.

2092 E Feldspar Ct. | NE Boise (middle left, bottom left, bottom right)
Location Location! Minutes from downtown, Table Rock, the Natatorium, Idaho Botanical Gardens, St. Luke's & Warm Springs Golf Course with neighborhood greenbelt access! Tastefully updated with fresh paint, new carpet & light fixtures throughout. This single-level gem has an abundance of natural light through over-sized windows with custom solar shades. Warm hardwoods enhance a formal dining open to spacious living room with high ceilings & generous built-ins. Huge master with jetted tub.
3 bedroom |  2.5 bath |  2406 sq.ft. 
>> Click HERE for more property info

869 E Pennsylvania St. | SE Boise (upper left, upper right)
Stylishly remodeled loft-style home in highly desirable SE Boise's Southshore Sub. Just blocks from the greenbelt tucked away on cul-de-sac, close to downtown, BSU, Bown Crossing, Bagley Park & Parkcenter shops. Living room has vaulted ceilings, abundant natural light, brand new windows & wood-burning stove - providing the perfect ambiance & warmth on cold winter nights! Bright & airy kitchen features crisp white cabinetry, classy hardware & new stainless appliances.
3 bedroom |  2 bath |  1280 sq.ft. 
>> Click HERE for more property info

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Dec. 26, 2019

3 Mistakes to Avoid When Selling a Home in 2020

3 Mistakes to Avoid When Selling a Home in 2020 | MyKCM

It’s exciting to put a house on the market and to think about making new memories in new spaces, but we can have deep sentimental attachments to the homes we’re leaving behind, too. Growing emotions can help or hinder a sale, depending on how we manage them.

When it comes to the bottom line, homeowners need to know what it takes to avoid costly mistakes. Being mindful of these things and prepared for the process can help you avoid some of the most common mishaps when selling your house.

1. Overpricing Your Home

When inventory is low, like it is in the current market, it’s common to think buyers will pay whatever we ask for when we price our homes. Believe it or not, that’s far from the truth. Don’t forget that the buyer’s bank will send an appraisal to determine the fair value for your home. The bank will not lend more than what the house is worth, so be mindful that you might need to renegotiate the price after the appraisal. A real estate professional will help you to set the true value of your home.

2. Letting Your Emotions Interfere with the Sale

Today, most homeowners have been living in their houses for an average of 10 years (as shown in the graph below):3 Mistakes to Avoid When Selling a Home in 2020 | MyKCMThis is several years longer than what used to be the norm, since many homeowners have been recouping from negative equity situations over the past 10 years. The side effect, however, is when you live for so long in one place, you may get even more emotionally attached to your space. If it’s the first home you bought after you got married or the house where your children grew up, it very likely means something extra special to you. Every room has memories and it’s hard to detach from the sentimental value.

For some homeowners, that makes it even harder to negotiate, separating the emotional value of the home from the fair market price. That’s why you need a real estate professional to help you with the negotiations in the process.

3. Not Staging Your Home

We’re generally quite proud of our décor and how we’ve customized our houses to make them our own personalized homes, but not all buyers will feel the same way about your design. That’s why it’s so important to make sure you stage your home with the buyer in mind. Buyers want to envision themselves in the space, so it truly feels like their own. They need to see themselves in the space with their furniture and keepsakes – not your pictures and decorations. Stage and declutter your home so they can visualize their own dreams as they walk through your house. A real estate professional can help you with tips to get your home ready to stage and sell.

Bottom Line

Today’s seller’s market might be your best chance to make a move. If you’re considering selling your house, let’s get together to help you navigate through the process while avoiding common seller mistakes.

Dec. 17, 2019

5 Crucial Cold Weather Tips for Preparing Your House for Winter

Cold weather, ice and snow can do real damage to your home, but it's not too late to ensure your home is winter-ready! Following these simple steps will help keep your home insulated and protected from the effects of cold temperatures.

Insulate Windows

Winter drafts can drive up your energy bill — and detract from the cozy vibe you want inside your home when it’s cold outside — if your windows have any air leaks. But by reducing drafts you can lower your home’s energy costs by up to 20% per year, according to the U.S. Energy Department, while also making your living space more comfortable.

Here are five simple solutions (all under $8!) that will allow you to insulate your windows quickly:

  1. V-seal weather stripping. Add this plastic weather stripping along the sides of the sashes. Windows can open and shut evenly with the V-seal in place. (Pro tip: Weather stripping also works wonders on doors.)
  2. Rope caulk. This soft, sticky stuff can be molded to fill the gap — and the caulk removes easily at the end of the cold season.
  3. Shrink film. Applied with double-sided tape, this clear plastic sheeting shrinks drum-tight when heated with a hair dryer. The film seals off drafts and captures an insulating buffer of air. Use rubbing alcohol to help release the tape in the spring to avoid stripping off any paint.
  4. Nail polish. If carefully applied, clear polish fills the crack almost invisibly. Once hardened, it will stabilize the glass until you can replace it in the spring.
  5. Draft snake. If the bottom of your window is letting in cold air, buy a foam-and-fabric draft snake kit. Cut the 36-inch foam tube provided to length and slip the washable cover over it. Then place the snake on the sill, and shut the window on to seal the deal.

Trim Tree Branches

The last thing you need is a winter storm loosing the wrath of that mighty tree whose branches are angling over your roof. Not to mention, overhanding limbs can cause excess water to seep into cracks in your home’s roof or siding, which is why you want to make sure any tree limbs or branches surrounding your home are at least 3 feet away from the house.

Inspect Your Fireplace

A visual inspection, both inside and outside your home, can ensure that your wood-burning fireplace is in good shape (read: safe) for the burning season.

During an outdoor inspection, make sure:

  • A chimney cap is present and in good condition.
  • There is no bird nest or debris buildup on the cap.
  • There are no tree limbs above or near the chimney.
  • The mortar and bricks on the chimney aren’t crumbling or missing.
  • The chimney rises at least 2 feet above where it exits the roof.
  • The chimney crown — the sloping cement shoulders at the top of the chimney — is beveled, which helps air flow.
  • The flue liner is visible above the chimney crown.
  • The chimney is plumb and not leaning to one side or the other.·      
  • The roof flashing is tight against the chimney.

Inside your home, confirm that:

  • The flue damper opens, closes, and seals properly.
  • There are no combustible materials, such as animal nests, or other foreign objects in the flue.
  • The fireplace surround, hearth, and firebox have no cracked bricks or missing mortar.

If you spot any damage, order a professional fireplace and chimney inspection. An inspection costs, on average, between $79 and $500, depending on whether you’re ordering a level-one or level-two inspection.

Gas fireplaces require less maintenance, but you should still:

  • Inspect the glass doors for cracks or latch issues.
  • Check that the gas logs are in the proper position.
  • Turn gas off at the shut-off valve and test the igniter.
  • Ignite the fire and look for clogged burner holes. If present, turn off gas and clear obstructions with a pin or needle.

Check the Roof

You certainly don’t want to find out you have a leaky roof after the first snow hits. A roof inspection can help you spot any potential issues.

Squeamish about heights? Don't worry — you can do a thorough inspection from the ground using a pair of binoculars.

Work your way around your house, looking for these defects:

  • Cracked caulk or rust spots on flashing.
  • Shingles that are buckling, curling, or blistering.
  • Missing or broken shingles.
  • Cracked and worn rubber boots around vent pipes.
  • Masses of moss and lichen, which could signal the roof is decaying underneath. Black algae stains are just cosmetic.

Some roofing fixes are easy to do yourself, such as repairing shingles or calking flashing, if you’re comfortable working on a roof. If you’re not, you’ll want to consult a specialized roof inspector. Be prepared to pay between $119 and $296 for a standard roof inspection.

Clear Out Gutters and Downspouts

Clogged rain gutters or downspouts can damage your home’s foundation or cause ice dams, which can lead to expensive repairs. So, after the leaves have fallen, clean your gutters to remove leaves, twigs, and gunk. Also, make sure the gutters aren’t sagging and trapping water, tighten gutter hangers and downspout brackets, and replace any worn or damaged materials.

Article provided by: houselogic.com

https://www.houselogic.com/organize-maintain/home-maintenance-tips/5-crucial-cold-weather-tips-for-preparing-your-house-for-winter/

Dec. 9, 2019

7 Reasons to List Your House This Holiday Season

7 Reasons to List Your House This Holiday Season | MyKCM

Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the best choice you can make.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there now. Many companies are still hiring throughout the holidays, and they need their new employees to start as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to days and times that are most convenient for you. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is minimal competition for you as a seller right now. Over the past few months we’ve seen the supply of homes for sale decreasing year-over-year, as shown in the graph below:7 Reasons to List Your House This Holiday Season | MyKCM
  6. The desire to own a home doesn’t stop during the holidays. Buyers who were unable to find their dream homes during the busy spring and summer months are still searching, and your home may be the answer.
  7. Late fall and early winter make up the “sweet spot” for sellers. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge and reach new heights in 2020, which will lessen the demand for your house next year.

Bottom Line

It may make the most sense to list your home this holiday season. Let’s get together to determine if selling now is your best move.

Dec. 6, 2019

Open House Weekend - 2 Fantastic Listings with FOOTHILLS VIEWS!!

We've got two fantastic properties with FOOTHILLS VIEWS to show off at this weekend's open house! Tour both this Sunday, December 8th from 1 to 3 pm.

5770 S Horseshoe Pl. | Southeast Boise (upper left, upper right, bottom right)
Exceptional home with timeless design on pristine lot in East Boise! Grand entry welcomes family and friends in style. Gleaming and immaculate, the expansive floor plan includes refinished hardwoods, brand new carpet, paint and lighting fixtures. Main-level sixth bedroom offers sought after flex space and you’ll enjoy the finished basement with blackout blinds for theater. Gorgeous backyard with mature landscape, $12k pro sport court and foothills VIEWS. Community pools, tennis, clubhouse and trails.
6 bedroom |  4 bath |  3818 sq.ft. 
>> Click HERE for more property info

7116 E Sky Bar St. | Northeast Boise (middle left & bottom left)
Impressive East Boise Living! Style meets function in this desirable floor plan with tons of upgrades and foothills VIEWS. Custom gourmet kitchen flows seamlessly into great room with cozy fireplace. Abundant windows flood with natural light and covered patio extends the livability outside to large backyard. Main-level bedroom offers convenient en suite bath and can double as guest or bonus room. Nestled against the beautiful Boise foothills, this home offers easy access to trails, Boise River, Greenbelt, along with top-ranked schools..
5 bedroom |  3.5 bath |  2787 sq.ft. 
>> Click HERE for more property info

Nov. 26, 2019

The True Cost of Not Owning Your Home

The True Cost of Not Owning Your Home | MyKCM

There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream.

Realtor.com reported that:

“Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option…as people get more savings in their pockets, buying becomes the better option.”

Why is owning a home financially better than renting?

Here are the top 5 financial benefits of homeownership:

  1. Homeownership is a form of forced savings.
  2. Homeownership provides tax savings.
  3. Homeownership allows you to lock in your monthly housing cost.
  4. Buying a home is less expensive than renting.
  5. No other investment lets you live inside of it.

Studies have also shown that a homeowner’s net worth is 44x greater than that of a renter.

A family that purchased a median-priced home at the start of 2019 would build more than
$37,750 in family wealth over the next five years with projected price appreciation alone.

Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!

Bottom Line

Owning a home has many social and financial benefits that cannot be achieved by renting. Let’s connect to determine if buying a home is your best move.

Nov. 21, 2019

Open House Weekend - Completely Renovated Beauty

Don't miss your chance to tour this COMPLETELY RENOVATED beauty with UPPER-DECK VIEWS this Saturday, November 23rd from 1 to 3 pm at our open house.

8676 W Thunder Mountain Dr. | South Boise
Style and flair abound in this spacious, COMPLETELY RENOVATED home with AMAZING VIEWS of Squaw Butte & Boise Foothills. All new HVAC, water heater, gorgeous windows, flooring, fresh paint and modern fixtures. Enjoy relaxing in front of the fireplace or entertaining from the multiple patio areas.. No rear neighbors to obstruct views from your upper level deck off master. Large circle drive has plenty of parking with designated spot for RV or boat in addition to the over-sized 4-car garage! No HOA.
5 bedroom |  3 bath |  2653 sq.ft. 
>> Click HERE for more property info

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Nov. 15, 2019

This is Not 2008 All Over Again: The Mortgage Lending Factor

This is Not 2008 All Over Again: The Mortgage Lending Factor | MyKCM

Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market.

The Mortgage Bankers’ Association releases an index several times a year titled: The Mortgage Credit Availability Index (MCAI). According to their website:

“The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is…a summary measure which indicates the availability of mortgage credit at a point in time.”

Basically, the index determines how easy it is to get a mortgage. The higher the index, the more available the mortgage credit.

Here is a graph of the MCAI dating back to 2004, when the data first became available:This is Not 2008 All Over Again: The Mortgage Lending Factor | MyKCM  As we can see, the index stood at about 400 in 2004. Mortgage credit became more available as the housing market heated up, and then the index passed 850 in 2006. When the real estate market crashed, so did the MCAI (to below 100), as mortgage money became almost impossible to secure.

Thankfully, lending standards have eased since. The index, however, is still below 200, which is half of what it was before things got out of control.

Bottom Line

It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.