Randy Gridley - real estate boise, real estate meridian, boise real estate - Blog Archive

Blog

Displaying blog entries 1-4 of 4

Listing Your Boise Home? Top 6 Mistakes to Avoid!

by Randy Gridley

Listing Your Boise Home? Top 6 Mistakes to Avoid!

Disclosure Signatures

Disclosing material facts that might affect your Boise property’s value is a fair obligation that’s understood by everyone.  Idaho Association of Realtors sellers’ property condition report is not a warranty of any kind by the seller(s) or by any agent representing the seller in their transaction. Sellers’ condition report is not a substitute for any inspection.  Buyers are encouraged to acquire his or hers own professional inspections.

Earnest Money 

Ah — the thrill of getting the first offer! After readying the property and listing your home, when an offer comes quickly, you’ll be tempted to say, “Where do I sign?” But slow up: getting a great offer is just the first step. Part of being a prudent seller is scrutinizing the offer and buyer to gauge the likelihood that the deal will close. The amount of earnest money should demonstrate the prospect’s sincere intent to buy…not just their desire to tie up the house while they make up their mind!

Exclusions

Want to watch warm feelings ice up in a hurry? Try surprising your buyer with the last-minute news that you intend to take your coveted attached draperies (or heirloom chandelier, or custom closet system) with you because you forgot to exclude them. Its part of my job as your agent to go over the more obvious items when listing your home in Boise, but even so, it’s ultimately up to you to make sure your intent is known. Trust me - I’ve seen more than one sale go south in the eleventh hour over some unbelievably minor items.

Coming next, I’ll flesh out more of these most common pitfalls. Of course, listing your home with me means you won’t need to worry: I make it may job to keep an eye out for all of them. If you’re thinking of listing your home in Boise, Idaho or surrounding cities this spring, call me today

For Boise Property Owners Awaiting Those Refund Checks…

by Randy Gridley

For Boise Property Owners Awaiting Those Refund Checks…

Remember playing Monopoly? After another player had put up a hotel on a pricey property like Boardwalk or Park Place, remember that feeling of relief every time you got past without landing on them? Whew!

That’s the way many of us feel now that Tax Week is over. If you’re one of the millions who will soon be checking the mail for your refund check, you’re probably also pondering the best use to put it to.

Especially if you’re thinking of selling your Boise property any time this year, you might do something that’s less than obvious: put some of that check to good use by making one or more simple property improvements. After all, your Treasure Valley property is your biggest investment — and the payoff when you take good care of it won’t be in play money.

If yours is an average refund (most are somewhere north of $2,500), it can be pretty painless to direct a modest chunk of it to your property. I’ve come across some simple ideas that should also reserve most of the refund for other purposes.

One idea that few people act upon is to order a professional energy audit. This can cost between $400 and $600 for a full diagnostic inspection. By revealing gaps (even small ones) around doors, windows, and recessed lights, it can reveal energy-wasters that ultimately lower utility bills year-round.

An even less expensive utility bill-saver is available in the form of the latest sophisticated low-flow showerheads. They are simple to install, and can save up to 50% of the water used by even some of the newer showerheads. The best ones feel nearly as if you are showering with the same amount of water.

One of the last things likely to leap to mind once your refund check arrives is insurance. Basic homeowners insurance isn’t fully comprehensive, yet for a small additional amount — generally about $300 — you can buy a million dollars’ worth of added liability coverage with an ‘umbrella’ policy that also covers your cars.

It will feel like getting past Park Place and Boardwalk all year long!

Weather, Pools Factor in Home Listings’ Value

by Randy Gridley

Weather, Pools Factor in Home Listings’ Value

Who isn’t ready for summer? One group that’s clearly already there is this spring’s sellers: everyone whose home listings in Boise are already racking up page views. For them and everyone contemplating taking advantage of the busy spring selling season, an interesting fact has come to light. It puts numbers on something that most of us feel intuitively.

It was the Wall Street Journal that recently called attention to it. They uncovered a study from BYU showing that when home listings including swimming pools go into contract in the summer, their selling price is an average 0.22 percentage points higher than the baseline price for the rest of the year.

This was a huge study that sampled more than four million housing transactions from 1998 to 2008 in 27 states. For a $500,000 home listing, that difference translates into a roughly $2,000 premium — just for selling a home when the thermometer’s popping!

It does stand to reason: think of how inviting that cool blue water looks after a hot day of house hunting. Prospects have probably been driving from house to house in a car that’s had to have the AC cranked up. Then compare with January, when a look at a backyard swimming pool is more apt to summon up thoughts of trying to stabilize chlorine levels than of enjoying a plunge into chilly water.

So how does this reflect on home listings in Boise this spring? If you own a home with a pool and are putting off a decision to sell, the lesson seems to be that seasonal functionality is real — and working in your favor. The professors at BYU reported that, generally speaking, early spring is a good time to snag late summer buyers. I have to agree: when the weather is nice, my clients set a scene making it easy for potential buyers to picture themselves enjoying that pool. They bring out the deck chairs and the fluffy towels! 

Looking for Boise home listing tips? I’m here to offer suggestions!

Boise Idaho Housing Market Not Really Yoked to Wall Street

by Randy Gridley

Boise Idaho Housing Market Not Really Yoked to Wall Street

Even though the Boise, Idaho housing market looks as certain to rise as the spring shoots, behind that optimism is the perennial question about whether another “dip” is coming — a lot of which has to do with Wall Street. Remembering how 2008’s economic downturn saw the housing market and stock market take blows pretty much simultaneously, it’s not far-fetched to assume that the two markets always move together. And while some folks are emboldened as stocks soar to record-level heights, for others, the same phenomenon causes altitude sickness. What goes up must…well, you know the rest!

Historically, the housing market and stock market are hardly inextricably joined. Nor should that be a surprise. On the one hand, the housing market reflects a real good (as ‘real’ as it gets!) — something that carries intrinsic utility. That won’t change until people figure out a way to exist without shelter.

Stocks, on the other hand, represent participation in ownership of a venture, and a share of financial gain (or loss) from its success. Both markets are influenced by some of the same factors (employment, inflation, etc.), but to different degrees. It’s widely agreed that the direct influence of one on the other waxes and wanes.

So when anyone thinks about whether a dip is coming in the stock market, and whether that should influence their real estate thinking, I’m pretty certain that the answers are less important than the more measurable effects that buying or selling a home will have on their day-to-day living experience. With positive housing market data continuing to arrive (like the recent rise in land values — up 13% last year; the first annual gain in eight years), it’s hard not to agree with the majority of economists that the positive housing market trend is likely to keep going for a good while longer.

If you are considering selling your home and want to explore the housing market in Boise, Idaho  this year, give me a call.  Regardless of what each market is doing at any given time, I keep the latest up-to-date statistical and Boise neighborhood information available for my clients.

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives

Contact Information

Randy & Doyelene Gridley
Silvercreek Realty Group
1099 S Wells St. Suite 200
Meridian ID 83642
Randy's Direct Office: 208-859-7060

Quick Search

Listing Alerts

Be the first to know what's coming up for sale in the Boise Idaho real estate market with our New Property Listing Alerts!

Just tell us what you're looking for and we'll email a daily update of all homes listed for sale since your last update. You can unsubscribe at any time.

Get Notifications

Contact Us

Our office is located at:
1099 S Wells St. Suite 200
Meridian, ID, 83642

(208) 859-7060
(208) 323-8081
IdahoHomeInfo@gmail.com

Contact Us Online