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'Tis the season for knowing what's happening in your local real estate market!

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'Tis the season for knowing what's happening in your local real estate market!

Today on the Buzz, Dave and Thom talk about energy efficiency in the home and give you some small tips that you can utilize to prep your home for winter. As we enter winter we also welcome the season of giving, Thom is here to tell you about our partnership with the Boise Rescue Mission and what you can do to make an impact right here in our local community this holiday season. 

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Tune in to today's Idaho Real Estate Buzz

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Tune in to today's Idaho Real Estate Buzz

Today we are hitting several important topics. Dave, Michelle and Thom are explaining VA lending as well as the title process and what Title companies do for you. Dave and Thom are discussing what a listing agent does, what goes into the listing process and why now is the time to buy and sell in Boise!

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Join us for the latest Idaho Real estate buzz and stay in the know on all things real estate

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Join us for the latest Idaho Real estate buzz and stay in the know on all things real estate

We have a full show for you today. Michelle Guth is here talking about when it's a good time to pay off a mortgage and what reverse mortgage's are. Dave and Thom are jumping back in, talking about prepping your home for another predicted rough winter and then filling you in on distressed properties; what they are and if you should buy one. 

Seg 1

 

Dave Burnett:                    This is the Idaho real estate buzz, I'm Dave Burnett. He is Thom  Dallman, the co owner, designated broker of Core Group Realty. Coregrouprealty.com is the website. Call 933, well actually call 208-933-7777.

Thom  Dallman:                 Can't forget that 208.

Dave Burnett:                    I know I keep doing that. Every time I get burned. So, 208-933-7777. Find out why they say "You get more with Core." Thom , another week is underway and this is a big week because the clocks change tomorrow actually tonight overnight into tomorrow.

Thom  Dallman:                 Oh yeah. Yep it's that time, so.

Dave Burnett:                    We fall back so Sunday everything will seem wrong

Thom  Dallman:                 Exactly.

Dave Burnett:                    But it is still a great time to buy a home.

Thom  Dallman:                 At least it'll be a little bit light when you head out the door for work.

Dave Burnett:                    Exactly. It'll be dark when you come home.

Thom  Dallman:                 Yeah, exactly.

Dave Burnett:                    But it is a good time to buy or sell a home as things very busy in the Treasure Valley.

Thom  Dallman:                 It is, it is. The market continues to be active, still got listings coming on, still got people out there looking to buy. So, it's still a strong market. Home prices are still being steadily up there at the top of the market, so. Definitely great time to sell and we kind of go into the winter months. We're hearing a little bit more of "Oh I think I'll wait until spring." And we tell clients winter sometimes is the better time to sell because everybody kind of has that mentality of wait until spring.

Dave Burnett:                    Yep.

Thom  Dallman:                 So we still have the same number of buyers. We still have buyers who are interested in looking. We have buyers that are wanting to get in before the holidays into a new home. So, it's still a really good time to get out there and get your home listed and sold on the market because people are thinking the same thing. Let's wait until spring.

Dave Burnett:                    Yep, yep. And really right now because people are looking now because they want to be in by the holidays and if they are doing that buying and that right now they will be in by Christmas.

Thom  Dallman:                 Exactly.

Dave Burnett:                    So, now is a great time to do it. In fact, you have three new listings to talk about this morning.

Thom  Dallman:                 Yeah, I got three great listings that I wanted to chat about once again on coregrouprealty.com. You can find these on our featured listings page. But these are fun acreage properties out in Napa. We just happened to get these three listings and wanted to share them with everybody, so. Just starting out with the first one, 1525 South Side Blvd. So this is over there off of Amity and South Side. This is a six bedroom, three and a half bath. 2,682 square foot home. Nice, spacious home with lots of room, in it for everyone's needs. They just had recent upgrades that included the mosaic tiles in the bathroom. Granite countertops as well and an upstairs tub. They have a separate entry into a Master suite that features a freshly painted walk-out deck. So you can walk out your master bedroom onto the deck and everything.

Dave Burnett:                    Nice.

Thom  Dallman:                 So yeah. Right. Wake up in the morning and go grab your coffee and go sit on the deck. How awesome is that.

Dave Burnett:                    That is perfect.

Thom  Dallman:                 Nice thing is, it is also on one acre. So, 1.074 of an acre.

Dave Burnett:                    So you're not sitting on your back deck looking at your neighbor's house.

Thom  Dallman:                 Looking into your neighbor’s yard. Exactly

Dave Burnett:                    Or having your neighbor look out the window at you.

Thom  Dallman:                 Exactly.

Dave Burnett:                    You have a little space.

Thom  Dallman:                 You have a little space so you can go out there in your robe and feel comfortable. And so forth.

Dave Burnett:                    That's nice.

Thom  Dallman:                 And this is actually listed at $300,000 so for, you know, that big of space and that big of acreage it's really good price.

Dave Burnett:                    That's a good buy.

Thom  Dallman:                 Yeah, it's a really good buy for that size of house.

Dave Burnett:                    And what's the address on this place again?

Thom  Dallman:                 This was 1525 South Side Blvd. In Napa.

Dave Burnett:                    Nice.

Thom  Dallman:                 Yeah, it's really a great price. Another great price. This next house is at 27 North Pitt Lane in Napa. This is a smaller house at 1,728 but still, you know, good size. Three bedroom, two bath. But the nice thing is it's on 2.272 of an acre. So, nice big acreage. This is original owners that have lived in this house. It was built in 2004. It was custom built for them. It has corals, outbuildings. It has one acre of fenced pasture grass. That's huge.

Dave Burnett:                    If you've got horses, that's a big deal.

Thom  Dallman:                 Exactly.

Dave Burnett:                    That really is. That way you're not hauling hay in there all the time.

Thom  Dallman:                 Exactly. Yeah, you can just throw the horses into the pasture or the cows or whatever you have.

Dave Burnett:                    Yeah, but seriously. Ada County, at least it used to be, I don't know about recently, Ada county and of course Kenton county included in that, has more horses per capita than any other county in America.

Thom  Dallman:                 Oh really. I didn't know that.

Dave Burnett:                    Yeah. There's a lot, a lot of horses, yeah. Now that...

Thom  Dallman:                 That's an interesting fact that I did not know.

Dave Burnett:                    Yeah, that may have changed in the past couple years, but I know about five years ago it was that case more per capita in Ada county than any other county in America. So there's a lot of people with horses looking for a place that they can keep them right on sight instead of having to put them out into a...

Thom Dallman:                  Exactly.

Dave Burnett:                    It's not a kennel. I guess it would be wherever it is you put a horse.

Thom  Dallman:                 Exactly. Into the barn, I guess.

Dave Burnett:                    Exactly.

Thom  Dallman:                 Yeah, so this one not only has all the space and everything. It also has four apple trees, two peach trees, and three nectarine trees.

Dave Burnett:                    And a partridge in a pear tree.

Thom  Dallman:                 And a partridge in a pear tree, yeah. No pear trees, unfortunately.

Dave Burnett:                    Oh, okay.

Thom  Dallman:                 No, but yeah it has a great fruit trees out there so you can go pick your fruit and do some canning for the winter time if you want or whatnot.

Dave Burnett:                    So, it really is kind of country living.

Thom  Dallman:                 It is total country living. Yep. Our agent has said it's almost like living in kind of your own little old town 'cause there's so many out buildings and stuff like that. Tack room, chicken coop. All that stuff and so, great opportunity. Happy Valley, it's off of Happy Valley and Victory, so great location. It's just a quick little jump over to Garrity Blvd. It's two miles from Garrity Blvd. Got a spacious great room, baker's pantry, custom cabinets that were put in that are hickory. Just really a great property to check out and it $375,000.

Dave Burnett:                    With all that acreage.

Thom  Dallman:                 So, great price for that acreage and to have that all set up and ready to go for animals.

Dave Burnett:                    And the nice thing about these properties, hearing about, you don't have to go out to see them yet. You can see them online at coregrouprealty.com.

Thom  Dallman:                 Exactly.

Dave Burnett:                    So you can them out online and then you can give the call to 208-933-7777 to say "Hey, I want to see this place."

Thom  Dallman:                 Exactly. This does have appointment only. You do have to give two hours notice. Just give us a call. We'll get an agent on the line and get them to get that appointment for you and get you out there.

Dave Burnett:                    Nice.

Thom  Dallman:                 27 North Pitt Lane. That's the address to check out for that one.

Dave Burnett:                    And number three on your list.

Thom  Dallman:                 Number three is the higher end home. This is actually a Trade Winds built home. Back in 2002 they built this custom. But this is a four bedroom, three and a half bath. 4,628 square feet.

Dave Burnett:                    That's a big house.

Thom  Dallman:                 That's a big house. That's a very big house. And on 1.32 acres. So big house, big yard with stunning views. It's got beautiful views all the way around. Comes with an in-law suite as well. We talk about how multiple generations are living together these days. So, it has its own in-law suite for the in-laws to hang out in. It's got open concept with a step down bar so that it doesn't obstruct the view out the windows. Gourmet kitchen, jetted bathtubs, stainless steel appliances. There's a double sided fireplace in the master suite.

Dave Burnett:                    Wow.

Thom  Dallman:                 So, that you can enjoy that from the jetted tub.

Dave Burnett:                    So this is kind of Cadillac.

Thom  Dallman:                 It's a very, very nice house. And the price on this is $675,000. You know, but you get all the amenities. You get a custom home, you get the acreage. Beautiful, beautiful home on 12640 Deer Ridge Trail. That's off of twelfth avenue. Go out Deer Flat kind of out there by Lake Wolf if I'm not mistaken. Great opportunity to own a beautiful home. You know, with 4,628 square feet. Everybody would have room for wherever they want to go.

Dave Burnett:                    Plus you get a place to put mother-in-law.

Thom  Dallman:                 Right? Exactly, so.

Dave Burnett:                    And that really is a nice option as people are choosing to take care of their parents or in-laws as they age. To be able to give them their own space, but yet they are close at hand so that way, you know, you can help take care.

Thom  Dallman:                 And help out and take care. You know, save on bills and everything. It's a great option if you guys are in the market. For anybody who's in the market for it. And it's all single level. It's all completely single level home with just an upstairs bonus room. Great option definitely for anybody who's looking for this type of house. Give us a call. 12640 Deer Ridge Trail is the house. Give us a call and we can schedule someone to get you out there and take a look at it.

Dave Burnett:                    And as always you can check those out at coregrouprealty.com and that's core with a "c". Coregrouprealty.com. Or if you want call an agent and get something set up you can call right now. You can call anytime. 208-933-7777 because Thom  never sleeps.

Thom  Dallman:                 Never.

Dave Burnett:                    No, there is some of that customer care agent that will take care of you and get in touch with an agent to be able to take a look at these properties on your schedule and your convenience.

Thom  Dallman:                 Yeah, for sure. We're here and ready so please, give us a call.

Dave Burnett:                    208-933-7777. This is the Idaho Real Estate Buzz. We get together and do this each and every Saturday. We appreciate you stopping on by. We're going to talk with Michelle Guth with Diversified Mortgage. One of the sponsors of this show, Diversified Mortgage and of course Core Group Realty. Coregrouprealty.com. Find out why they say you get more with Core.

 

 

Seg 2

 

Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett, along with Thom Dallman of Core Group Realty, and as always we're joined by Michelle Guth with Diversified Mortgage Equal Opportunity Lender as we talk about all things financial when it comes to real estate. Good afternoon.

Michelle Guth:                  Good afternoon to you gentlemen.

Dave Burnett:                    All right, a quick question for you before we get into the other topic. Is there a right time, and maybe this isn't the right place to talk about it, but is there a right time and a right place to pay off your mortgage if you can?

Michelle Guth:                  Boy there is so many different scenarios Dave as to what would justify somebody paying off a mortgage, whether it makes financial sense for them. In some cases absolutely that could be the right route to go, but I would think a lot of financial planners would probably want you to have a mortgage and utilize the equity in your home for investment purposes.

Dave Burnett:                    Because that is still a tax deduction.

Michelle Guth:                  Currently. It can be a tax deduction, absolutely, but the thought is quite frequently financial planners have the capability of making a higher rate of earnings on the funds that you pull from equity in your home in investments at a higher rate, a return, than what you would pay in mortgage interest. They will, in many cases, have you leverage that equity so that they can turn around and invest those funds into, hopefully and typically a very safe investment strategy like a guaranteed annuity for example and so forth. I would just caution anybody into pulling all their equity and then going into high risks stocks or something, but definitely consult with a financial advisor. That might be something they would recommend you do.

Dave Burnett:                    Well let's talk about something else that kind of left-handedly is related to it, and that is reverse mortgages. We see the TV ads that talk about these. They get some very trusted elderly actress statesman to come out and tell us "reverse mortgage, it may be right for you." Is it something that is a good thing, is it a bad thing? Explain what a reverse mortgage is.

Michelle Guth:                  Well again I think it's specific to the individual, but it's an incredible program that can be life-altering for a senior citizen that's on a very fixed income and that maybe has a very limited asset portfolio. In doing that, the reverse mortgage allows them to pull out equity. They can use it in various different strategies for helping with their finances. For example, they can have a line of credit sitting there, where they only advance it in the event of an emergency, or they can have a combination of a line of credit and then a monthly distribution. So if they want to supplement their fixed income, they can be set up that way. Or they can even do what's called a lump sum distribution, where they will literally say this is the max lending limit that you can get, and they give them the full disbursement at the time of closing. Then in some cases that's when they do take those funds and invest them with an annuity for example with a financial planner where they have that fixed guaranteed income.

Dave Burnett:                    Does your house have to be paid off to do a reverse mortgage?

Michelle Guth:                  Nope. It's based off, basically they're going to look at the borrower's life expectancy, their current age, and there is a required equity position. They'll look at, there's a chart we have to put all the numbers into. Typically, very rough numbers, you usually have to have say 40% to 50% equity in your home to be eligible for a reverse mortgage, but again it depends on your age and so forth. But I do have several clients where, I mean the approach with real estate many years ago was that you work really hard to get that mortgage paid off as quickly as you can. Again, many people that the approach that that is your biggest non-performing asset that you have, so why not have it work for you. For reverse mortgage, I have several clients that are on very limited fixed incomes and they're not getting by on their social security. But they have this home that's free and clear, so we will do a monthly distribution where we can supplement their income every single month and really help improve their quality of life.

Dave Burnett:                    Now is this something that you could get setup at Diversified Mortgage?

Michelle Guth:                  Absolutely. We do have reverse mortgage specialists within our organization, and we would love to sit down and visit with them. The other thing I love about this product is there are so many protections in place for our seniors. They have to go through a detailed counseling session through a third-party vendor. So they will go through an hour counseling to make sure they have a clear understanding of what the reverse mortgage is and everything it entails.

Dave Burnett:                    Why is that, that they require that?

Michelle Guth:                  Again, just to make sure that there's no predatory lending, that they absolutely have a clear understanding of the product. Because we are working with our seniors, we want to make sure that they clearly understand.

Dave Burnett:                    Okay. Couple of questions for you. What if I outlive my expectancy? Let's say they expect me to live to 80, they're going to reverse loan to me, and at 80 I'm still alive. Do I get tossed out of my house?

Michelle Guth:                  Absolutely not. That's one of the perks of the reverse mortgage and also one of the biggest misconceptions is that the bank owns my house and they're going to kick me out. You cannot outlive your mortgage as long as you are in that property, you're maintaining your taxes, your insurance, and your homeowner's association dues, you cannot outlive your mortgage. If you're in there for years after you've exceeded your available equity, you stay in that property until literally you vacate it. They will not kick you out.

Dave Burnett:                    Okay because that was always one of my concerns is that, "Hey, we know you're 85, but get out." That was always one of my concerns if you were to do that. What about people who have children and you're thinking about I want to go ahead and give this as an inheritance to my kids. At that point the equity is gone, is it not?

Michelle Guth:                  Well, yes and no. Again it depends on, every situation is different. They maybe started out just taking minimal light monthly distribution, they haven't pull a lot of equity, but any equity that's remaining in that property, the heirs to the home have the right to refinance the property or sell the property and any remaining equity will go to the estate or the heirs, however the estate is setup.

Dave Burnett:                    So at the time of death then, the property is still there and the heirs have to decide what to do with it, or does the bank own it?

Michelle Guth:                  Correct. No, again that's a misconception is it's no different than a forward mortgage, a traditional mortgage, is that once something happens to the owner of that property, it goes to the heirs to determine what they want to do as far as liquidating that property, retaining it, whatever they want to do. They have the same choices with a reverse mortgage that they would with a forward mortgage.

Dave Burnett:                    I guess one of my concerns is anytime you see something on TV, you've always got to raise your eyebrow and go hmm. You see people talking about-

Thom Dallman:                  Ask about the details.

Dave Burnett:                    -reverse mortgages. I guess again, this to me, this isn't you saying it, but to me that falls under the category like loans on TV or loans on the internet. I'd rather have somebody local I can come in and talk to and ask these stupid questions to.

Michelle Guth:                  They're actually not stupid questions. It can be a confusing, complicated program. I found that with my seniors, we have a lot of reverse mortgages, and they are on the 1-800 numbers. Almost all of my clients said I am not comfortable dealing with somebody over the phone on this. They want that personal attention, and even after the fact. We definitely pride ourselves in being that local face to help walk them through the process.

Dave Burnett:                    Well there are a lot of questions, and I guess for listeners who are out there who have parents who are in that position, who are elderly, it would be a good thing for them if they could come in and sit and counsel as well so that everybody is on the same page.

Michelle Guth:                  Many times we meet with extended family members. A lot of times the children will come in with them, which we encourage them to do. That's so they get another person hearing the information so that they have questions down the road they have an added ear to retain all of the information.

Dave Burnett:                    Yeah because there's a lot of information.

Michelle Guth:                  It is. There's a ton, and there's so many, like you said, different options you can do with reverse mortgage to set it up. We want to make sure that we find the best choice to help with their long-term financial goals.

Dave Burnett:                    So reverse mortgages, it requires homeowner occupied, owner occupied? Is that a requirement?

Michelle Guth:                  Has to, you have to live in the property. Correct. Otherwise, if you vacate the property, at that point that is when they will call the note due. If you went into an assisted living for example, at that point you need to start working on having that mortgage paid off through either again refinance, selling the property, or so.

Dave Burnett:                    So you have to be owner occupied. Obviously you have to have some equity in the house?

Michelle Guth:                  A good amount of equity, yes. That is one of the caveats. The reason for that is with a reverse mortgage, unlike a forward mortgage where you are making payments and you're watching the balance slowly go down, with a reverse mortgage the interest is growing and compounding every single month, so it is eating up the equity in the home. But the hope and assumption is that if we continue to stay in a strong housing market that some of that appreciation is going to allow that equity to be maintained to a certain degree so that you don't outgrow your equity. Again, depending on how long you're in the house.

Dave Burnett:                    This may be a question you can't answer, but you said a good amount of equity. Is there a number figure on that or percentage that is, what is a good amount?

Michelle Guth:                  Again, it depends on the age of the client, but typically it's about 40% to 50% equity in your home to be potentially eligible for a reverse mortgage.

Dave Burnett:                    Okay, that's not too bad, half paid off.

Michelle Guth:                  Yeah, rough numbers. It's interesting I had a client call just this week and she wants to get a home equity, or excuse me a line of credit against her reverse mortgage because she wants to start dispersing proceeds to her children now so she can watch them actually benefit from their inheritance versus waiting until she passes.

Dave Burnett:                    That's nice.

Michelle Guth:                  She owns her home free and clear. She doesn't have a mortgage on it, and she feels like this is something I want to do, I want to give them the funds now so I can see them enjoy it. There's so many different ways that you can look at utilizing that product.

Dave Burnett:                    But then again that would, for people involved, would require a check with your tax advisor as well. Would it not?

Michelle Guth:                  Potentially, as far as inheritance yes.

Dave Burnett:                    When that all goes there. If somebody is interested in a reverse mortgage, how do they get a hold of you there at Diversified?

Michelle Guth:                  Give us a call at 853-7878 or even just stop by our office if you happen to be in our area. We're over on the corner of Glenwood and Marigold, right there behind the Jackson's gas station and Garden City Hall, real easy to find us.

Dave Burnett:                    Excellent. Reverse mortgages, don't be frightened because you hear it on TV.

Thom Dallman:                  Don't be afraid.

Dave Burnett:                    Yeah, so it is something that might be a real viable option for you. If you're a child that's worried, "oh my goodness, there's goes my inherence," you probably don't deserve it anyway. Can I say that?

Michelle Guth:                  You just did.

Dave Burnett:                    That would be Dave Burnett. I'm the one who said that. Well, I mean honestly. Just speaking honestly, there are those who can't wait so that they can ... That's not the right attitude to have. You want mom and dad to be able to live comfortably, and this is one way they can do it.

Michelle Guth:                  Agreed. They've worked their entire lives to get to that point, and they definitely deserve the reap the rewards of their hard work.

Dave Burnett:                    Thom, I don't know how many times we have said this is probably the biggest investment the average person is going to make in their lives, so in that sense it can also be the biggest nest egg.

Thom Dallman:                  Exactly. Exactly. It's definitely one of the aspects of investment that people use towards this retirement, towards everything that's financial to them. It's definitely important to make sure that you know all your numbers and have your trusted advisors with you.

Dave Burnett:                    Very good. Michelle, thank you so much.

Michelle Guth:                  My pleasure, thank you.

Dave Burnett:                    Diversified Mortgage Equal Opportunity Lender, as we talk to her each and every week here on the Idaho Real Estate Buzz being brought to you by Diversified Mortgage and Core Group Realty. Call 933-7777, find out why they say, "You get more with Core."

 

 

Seg 3

 

Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker of Core Group Reality. Coregroupreality.com. That is the website to go to, and to find out why you get more with Core. Well, we've hit that time of year Thom, where-

Thom Dallman:                  It's so cold.

Dave Burnett:                    Old man winter is not far off.

Thom Dallman:                  Not far at all. It's going to be interesting to see how this winter plays out, with all these predictions we're hearing, and everything.

Dave Burnett:                    We were talking during the commercial break, and I'll be the first to confess, I got a little surprise last year. It was November and I didn't have my leaves in the backyard raked up, and it started to snowing. Got frozen, and I didn't get to those leaves until spring, and after it all thawed out.

Thom Dallman:                  Exactly. So you had a big yard full of mulch.

Dave Burnett:                    Basically, I did. I guess in talking to people, people are out buying snow blowers. People are out getting their shovels, or ice melt. They're getting things ready, and they're getting their home ready for winter, I think a little early this year.

Thom Dallman:                  It's so important this year because once again, people are kind of talking about the Farmer's Almanac and how it's kind of predicting and it's always pretty accurate from what I understand. It's predicting that we'll have a little bit worse winter than we did last year. As everybody knows, last year was pretty bad, one that we're not used to.

Dave Burnett:                    While this may sound like an old wives' tail as well, but I always put a lot of stock in this. I used to be and avid hunter. I just don't take the time to do it now. But, those that have been out game hunting have said the animals have a lot of fat on them. They did last year. Somehow animals know.

Thom Dallman:                  Know that it's going to be bad.

Dave Burnett:                    And so, they've really gotten fattened up this year. Could be getting ready for another tough winter out there.

Thom Dallman:                  Exactly, exactly.

Dave Burnett:                    But, you need to get your house ready.

Thom Dallman:                  Let's talk about some things to get ready for this because as the snow starts to fall and these cold temperatures start moving in, you're going to want to get out there and do this before it hits.

Dave Burnett:                    We've had temperatures right down to freezing, but we will get temperatures below freezing. Let's start with maybe some of that, some of where your home maybe vulnerable to the cold temperature.

Thom Dallman:                  Sure, sure. One of the most important things that I always try and remind people is to get out and drain your hoses. Disconnect them from the house. Then, put covers, even if it's just wrap a towel around your hose bib, on the exterior of the house. That's a huge freezing point if you have any kind of moisture left in there. It gets that cold it can go into the pipe and cause a break and freeze right there, where all of a sudden you have water pouring out. Always a good idea to drain those hoses. Put them in the garage, and put those caps on. I think they're two dollars for the styrofoam caps.

Dave Burnett:                    Just a couple of bucks. They're not much money.

Thom Dallman:                  Exactly. It just goes right on there. It covers the hose bib and so forth, especially if your hose bib is right outside of the major area in your home, and stuff like that. Definitely one of the most important things, I always tell people to walk around the exterior of your house and look at your grates, whether it's your foundations vents or your gables, in the soffit and stuff like that, to make sure that they're all intact, and that they're screwed up, because this is also the time of year that the mice and birds try to get access to your house, and stuff like that.

Dave Burnett:                    Mice, birds and snakes.

Thom Dallman:                  Exactly, exactly. It's not bad to make sure that as the snow builds up, that your vents on the foundation of the house are protected to keep the snow from melting and going in there. Keeping an eye on those things. Totally important.

Dave Burnett:                    Stan has always had a rule of thumb with those foundation grates, they open, they close. Closed in the winter, open in the summer. That is kind of the rule of thumb on those to keep the underside of the house from getting too cold.

Thom Dallman:                  It's a very valid point.

Dave Burnett:                    Another thing, if I might toss in here, besides the hoses, if you haven't had your sprinkler system blown out yet-

Thom Dallman:                  Oh, yeah. Do it soon.

Dave Burnett:                    Get it done, because otherwise next year you get the pleasure of having a new sprinkler system.

Thom Dallman:                  This week when we saw the temperatures, predicting that they were going to go below 28 degrees, I was like sending a frank note off to the guy that does our sprinklers, that says, did you do them yet? Luckily he had already done them. I just wasn't aware of it. Definitely important.

Dave Burnett:                    So, make sure that's done.

Thom Dallman:                  Important to make sure you get in there and drain it and stuff like that. They always say that you should cover your air conditioner unit for the wintertime, too. To prevent a lot of abuse on it from all the winds and snow and debris flying around in the air.

Dave Burnett:                    Just the dirt that gets in the little coils.

Thom Dallman:                  Exactly. Making sure that ... Check your roof. Check for loose tiles. Loose tiles will slide off as the snow kind of builds up on them. You want to make sure-

Dave Burnett:                    Better to do it now, while it's still a little warm.

Thom Dallman:                  Exactly.

Dave Burnett:                    Then when it's 15 degrees out, and the wind's blowing.

Thom Dallman:                  Exactly.

Dave Burnett:                    I guess the other thing, and I know a lot of people were caught by this last year, and that is your gutters, downspouts, and your runoff at the house, so that it doesn't go to the foundations.

Thom Dallman:                  Gutters, gutters, gutters. Make sure your gutters are clear. This time of year, all those leaves and stuff collect in your gutters, go down into the downspouts, and clog up your downspouts. That's what causes a lot of the ice dams and backups. You need to make sure that stuff is cleared out so that there's sufficient melt off for the house. Making sure that it is directed away from the house so it doesn't get into your foundation.

Dave Burnett:                    Which you can do with ... There's kind of a little splash plate you can put under the gutter and or-

Thom Dallman:                  ... inexpensive.

Dave Burnett:                    I think six bucks, you can get that little extending sort of things [crosstalk 00:06:04] to let the water-

Thom Dallman:                  ... pipes that extend out a little bit further into your yard so you don't have to worry about it hitting your foundation. One of the other things that I always try and remind people to do is to make sure that you're checking your smoke detectors. It's always a good idea. Stan was on here a while back talking about radon gas. To maybe double check, to have someone check for radon, just to make sure now that you're closing up your house for the winter, and there's not as much-

Dave Burnett:                    ... ventilation.

Thom Dallman:                  Ventilation, yeah. You want to make sure that you're not filling your house up with radon gas. This is also the great time to go up into your attic space and make sure your insulation is doing well, and that it's not ... If you have an older house it's not degraded, that it's still up to par.

Dave Burnett:                    Good and fluffy.

Thom Dallman:                  Good and fluffy, exactly.

Dave Burnett:                    That's really what you want. You don't your insulation all packed down in there. You want it good and fluffy. Another thing to be aware of it. Don't lay the Christmas decorations on the insulation. It's supposed to be fluffy, not all packed down.

Thom Dallman:                  Exactly, exactly. Now's the perfect time to do it, before it gets too cold, before your energy bill starts going up. One of the other things that I really recommend is going around to your windows and doors, making sure that weather-stripping is done. Making sure that you don't have any leaks coming through the windows, all your seals are good. That's a huge energy saver when you go through and double check that stuff, and replace that weather-stripping that needs to be replaced.

Dave Burnett:                    I noticed something that's developed in my house, and I don't know if it's because of settling, the age of the door. But, I've noticed that the bottom corner, the right hand corner where the door opens, I can see a little bit of daylight through there.

Thom Dallman:                  If you see daylight, that means that there's water coming through.

Dave Burnett:                    I went and bought, and they actually have for sale, just a little L that goes right in the corner there. Sealed it right up.

Thom Dallman:                  Sure, yeah. That's also a spot where, as snow builds up, in that corner, and starts melting, you can get water intrusion into your house. Really super important, during the day when the sun's out, to go through and just look at your doors from a distance. See if you can see any sunlight coming through them.

Dave Burnett:                    And not a good thing.

Thom Dallman:                  Yeah, that's not a good thing at all.

Dave Burnett:                    It works okay in the summertime, but it doesn't work so good in the wintertime.

Thom Dallman:                  Exactly, exactly. Let's talk a little bit about plumbing. This is also the time of year where you have lots of family coming over for the holidays. Lots of food, lots of stuff that people will be indulging in. For those family members that are here, let me do the dishes. All of a sudden your kitchen sink is filled with mashed potato leftovers, and turkey leftovers. Just remembering to check your plumbing for ... Have a professional come in and maybe snake it out. Want to make sure that you're not putting food down into your plumbing, to keep it clear so you don't have any backups. Throw some Drano down, or some drain cleaner just to kind of clear it out before the holidays. It's always a great idea to prevent any kind of backups.

Dave Burnett:                    The holidays is a whole ... In fact that's a whole other topic for another time, getting your home ready for visitors and company, because that is stressful. For some reason, we don't like people to visit us and see how we really live.

Thom Dallman:                  Exactly. Got keep the house all straightened out.

Dave Burnett:                    You gotta get everything taken care of.

Thom Dallman:                  You gotta wash your linens to make sure you have clean linens for them.

Dave Burnett:                    But it is one of those things as we've entered into what I call, the slippery slope to the Super Bowl, where we go through Halloween, then it's Thanksgiving. Oh my goodness, then it's Christmas, and now it's the Super Bowl. It goes fast. It really does hit fast.

Thom Dallman:                  It does.

Dave Burnett:                    Now's the time to get ready for that.

Thom Dallman:                  This whole year has just gone fast for me personally. One other thing I like to talk about is if you have a wood burning fireplace, making sure that you get that chimney cleaned out, because you're going to be burning ... If this is truly going to be one of those strong winters, you're going to burning a lot of firewood in there. So, make sure your flue is tight and sealed when closed. Make sure that you have it cleaned out to get all the resins out of it, so there's no access for fire to get up there and catch fire.

Dave Burnett:                    Another thing when it comes to fireplaces, and that is to check and make sure if you have a gas fireplace, to make sure the pilot light is lit correctly. To make sure that all of that is in working order, so that you don't wind up with an explosion. That could truly be devastating.

Thom Dallman:                  If you haven't used it all summer, it's a good time to get in there and turn it on, and make sure that everything is working correctly. That's very true.

Dave Burnett:                    Because we're hitting that time where you're going to start having those cold evenings. A little fire would be awfully nice to have, whether it's wood, or whether it's gas. Get somebody who ... A true chimney sweep company to come out, and really clean that. Not only just clean, but to inspect that chimney, because there's time where there could be cracks that you're not even aware of, that's opened into your attic, or into your home that could cause some serious problems.

Thom Dallman:                  Could cause a little spark to go in there. That's a huge proponent, too. Make sure that you're watching for any of that degrading mortar in the attic space, to prevent anything like that.

Dave Burnett:                    Never fails, when we hit this time of year, you always hear those fire calls out for chimney fires. Don't let it be you this year. Get that taken care of.

Thom Dallman:                  That's a good point, too, to make sure that you have your emergency kits all prepared. That you have your emergency plan with your family. That everyone knows where to go, where to meet, how to get out of the house if there is an emergency like that. Make those plans well known. Have a big discussion about it. Maybe even practice it a couple of times, just to make sure.

Dave Burnett:                    We all think about it. We all know it's a good idea, but we don't do it. The problem is, if there is that emergency, whether it's a fire, or whether it was an earthquake, or whatever it might be. I look at Northern California and the fires that they had. Those who had a plan, they were in good shape. Those that didn't, they were running for cover. While we think maybe, that's a good idea. It's more than a good idea. It's a necessity to have.

Thom Dallman:                  You don't want to be like that elderly couple that had to hang out in the swimming pool for numerous hours-

Dave Burnett:                    ... amazing story.

Thom Dallman:                  ... while the fire burnt around them. Yeah, wasn't that?

Dave Burnett:                    Just an amazing story.

Thom Dallman:                  Just the proof of the things that we go through to survive life sometimes.

Dave Burnett:                    Don't wait until Thanksgiving. Get your home ready for winter and do it this weekend.

Thom Dallman:                  Exactly.

Dave Burnett:                    Very good. This is the Idaho Real Estate Buzz. Being brought to you by Diversified Mortgage, equal opportunity lender, and by Core Group Reality. Call today, 208-933-7777. Whether you're looking to buy or sell your home, talk to the experts at Core Group. They're sponsors of the show. It's the Idaho Real Estate Buzz.

 

 

Seg 4

 

Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker of Core Group Realty. CoreGroupRealty.com, that's the website you can always go to 24/7 and the number you can always call is 208-933-7777. A customer care agent could take care of you. Even if it's on the weekend, they'll take care of you and get you directed where you need to go when it comes to buying and selling a home, or answers about the website.

Thom Dallman:                  Yeah, where you have people standing by ready to help for whatever questions you have, or there is. Anything from ... We frequently get, "What's the weather like in Boise?"

Dave Burnett:                    Let me look out the window.

Thom Dallman:                  Cold right now.

Dave Burnett:                    Okay, there you go.

Thom Dallman:                  All the way up to what I wanted to chat about a little bit today, is what is a distressed property? We get that-

Dave Burnett:                    Distressed property.

Thom Dallman:                  Yeah, we get that question all the time, especially there's kind of a push right now with all the home flippers and stuff like that, that you see on TV, and those topics. People are kind of like, "Hey, I want to buy this distressed property. What exactly is a distressed property?"

Dave Burnett:                    Let me as you this. I know if we go back 4 or 5 years ago, there were a lot of properties that were foreclosed on. Maybe not necessarily ... What is the description of distressed?

Thom Dallman:                  Basically that's one of the descriptions. It's a house that has gone through some kind of stressful situation.

Dave Burnett:                    Financial or physical?

Thom Dallman:                  Financial, physical, all of the above really. Starting at the beginning of the process, especially during the economic downturn, there was a lot of short-sales. Short-sales are considered a distressed property because the value is less than what people owed on their homes. So they were in distress, because they couldn't sell. They couldn't sell their home because there was such a big difference, and they couldn't pay off their loans. So-

Dave Burnett:                    So there's not as many of them now as there used to be?

Thom Dallman:                  There's not. There's very few short-sales on the market these days. There still are some, unfortunately, for various reasons. At the height of the market, 10, 11 years ago, homes sold for really super high ends. So there are still a few homes that people have that are in the short-sale situation. Maybe they got a home equity line and cashed out a bunch of equity, and took their loans back up to above market price. So those are considered distressed properties because you do have to negotiate with the bank. You do have to work with them to get that sold, and to forgive the difference on the property. And that can take a long time. If you put an offer in on a short-sale, be prepared to wait six months to get it-

Dave Burnett:                    Be patient

Thom Dallman:                  From the bank.

Dave Burnett:                    Be patient. You have people here at Core Group Realty that are kind of, I guess, experts. People who really have been through distressed purchases, so they know what they’re doing.

Thom Dallman:                  A majority of our agents, at one point or another, dealt with distressed properties, as far as either selling or helping people to buy them.

Dave Burnett:                    'Cause it's a little different story than just selling a house?

Thom Dallman:                  Exactly. Yeah it is, because especially on the ... So another line of distressed property is the foreclosed on ones. The ones that the bank has already foreclosed on, taken over, and now they're selling it, and stuff. So in that situation it takes often times a lot of time between when the bank takes over the house, to when they actually can get it on the market and sold. So the house sits there vacant for often times a year, maybe even a couple of years.

Dave Burnett:                    Which is tough on a house.

Thom Dallman:                  It's tough on a house to not have any movement in it. And so the deterioration of the home causes it to have a lot issues and stuff like that.

Dave Burnett:                    See that almost seemed odd to me. It would seem if a house was sitting empty undisturbed, may be great. Because it preserves it, but it really doesn't-

Thom Dallman:                  You'd think so. 

Dave Burnett:                    Without having ... Living in a home is the best thing for a home.

Thom Dallman:                  Exactly. The movement, keeping furnaces going, and the mechanisms, and checking on it.

Dave Burnett:                    The plumbing

Thom Dallman:                  The plumbing, and stuff like that. It's actually better for a home to have people in it, ... Living in it. So foreclosed on properties ... Those are an example of distressed properties. And there's numerous different banks and entities that foreclose on these properties. They all kind of have different processes of buying these properties. So when it comes time to put offers in on these type of properties, there's everything from auction places, the HUD, which is Human ... Or I'm sorry, Housing and Urban Development authorities. They have a online system that you go in and put your offer in. And then you have 24 hours. If you win the bid and to get people go over to them and stuff like that. There's different processes for each bank on when it comes to purchasing these types of properties. So you want to have an agent that is familiar with them, or has the access to someone who's fluent and able to know what the process is.

Dave Burnett:                    I know you have personal experience with flipping homes. Something you did for a while.

Thom Dallman:                  When I started out my real estate career, I started by flipping homes.

Dave Burnett:                    Are there thing to look for in a distressed property? Or things to avoid?

Thom Dallman:                  Yeah

Dave Burnett:                    That might be the bigger question

Thom Dallman:                  Exactly. Oh gosh there's so many different ways to kind of look at property, and it really depends on numerous things like your ability to have cash for fixing things up. What's your financing like. Each home is ... Has to be looked at to what is going to get it up to its best suitable use right now. What things can go in there. Not over indulging on some of the amenities, unless it calls for it in that particular neighborhood that it's in, and stuff like that. I wish there was a cookie-cutter way of saying here’s what you need to look for. But it really kind of depends on what your ability is to funds. It really depends on your ability to get in and do stuff. So if you don't have a lot of funds, you're not gonna want something that you have to go in and completely gut and redo everything, and has electrical problems that you have to go in and fix. That really has to be up to each individual person and their investment and how they want to-

Dave Burnett:                    I think it does. You watch these shows, these flipping shows, and it's like just before a commercial by the way, so it's always when they go on commercial. It's like, "Oh no Bill, we're gonna have to redo the entire HVAC system". That's a lot of money.

Thom Dallman:                  I promise you that nine out of ten times they did know about that. That is just for show. Most people have-

Dave Burnett:                    Well you should know about it?

Thom Dallman:                  An in-depth inspection. Yeah in-depth inspection and get in there and evaluate every single aspect of that house. SO you know how much you're gonna end up spending for the different things-

Dave Burnett:                    If you buy a distressed [crosstalk 00:07:07] home and you don't know that the heater doesn't work in it-

Thom Dallman:                  Right?

Dave Burnett:                    You're in the wrong business.

Thom Dallman:                  Exactly

Dave Burnett:                    You are in the wrong business.

Thom Dallman:                  Exactly. Now that being said, there are certain little things that you can't really identify, such as opening up a wall to create space and stuff like that. That the inside is covered in mold, and stuff like that. There are certain things that you will run into that-

Dave Burnett:                    Suddenly there's wiring running through that wall that you didn't know about. And it's like you've gotta move that.

Thom Dallman:                  Exactly, and it's expensive move wiring.

Dave Burnett:                    You'd think it'd be easy, but not so.

Thom Dallman:                  Exactly, or plumbing. Sometimes the plumbing that goes up to the second level that you would think was in a totally different spot, and it's in that wall. There's little things like that do pop up, but for the most part when it's a plumbing issue, when it's a HVAC issue, the foundation issues and stuff like that, those things are usually detected beforehand. And once again all costs money. You need money to be able to do that. And you need to know is it worth the investment. Is it worth the money? How much ... A, are you buying the house for? B, how much is it gonna take to get it up to the standard so that people can live in it. And then how much can you sell it for in the current market place? You're gonna have to have a real estate professional that can do your market analysis on it and tell you those numbers. And tell you what is it that you can sell this for. If you purchase it at this, put this much money into ti, you can sell it at this much and you'll make this much in equity.

Dave Burnett:                    And here at Core Group we have people that can kind of give you ... They can't promise you-

Thom Dallman:                  Can't make promises.

Dave Burnett:                    Can't make promises.

Thom Dallman:                  Exactly.

Dave Burnett:                    But they can give you an idea that this is how much a house in good condition in this neighborhood ... This is how much you can expect it to sell for.

Thom Dallman:                  When you do market analysis for that particular house and what it would sell for with the certain amenities put into it. So-

Dave Burnett:                    So if someone is thinking about, why don't we try this? Why don’t we but a distressed home and put a little ... 'Cause some of it's just cosmetics. Sometimes it's just paint. A little tender loving care, a new carpet, put a For Sale Sign up, you're good to go.

Thom Dallman:                  Removing some of the debris, getting the landscaping up. Remember that a lot of times on these distressed properties, people have given up on them. So they've given up on the landscaping. They've given up on the care of the house. If it's bank-owned it's been sitting there for years. The yard's probably gonna be dead so you're gonna wanna put in some yard work and stuff like that. Some new grass-

Dave Burnett:                    But again that's elbow grease, a lot of that. That is just getting in, digging, flowers, some cheap mulch-

Thom Dallman:                  It's light equity

Dave Burnett:                    Simple is better. Don't try to overdo it. Just do simple landscaping. It's better.

Thom Dallman:                  Exactly. So, there's the concept of "Do you have the cash for it" or "Are you gonna get financing". There's not a lot of financing programs out there for buying these we're [inaudible 00:09:58] loans and stuff like that usually require the home to be in a good condition, a livable condition and stuff like that. You have to evaluate that as well. A lot of these investors that go in are paying cash, so you may go into a house wanting to put in a bid in on it and find yourself competing with another investor that's doing cash.

Dave Burnett:                    Somebody who's got a big bank roll.

Thom Dallman:                  Exactly. There's different things that you have to take into consideration to when buying these properties. Just the lack of distressed properties right now since we have such a strong market. There's not as much out there that's available. We're getting calls all the time from investors wanting to find those properties, and we have to tell them it's just very [crosstalk 00:10:37] right now. I think the last time I looked we were at only 8% of the properties out there are distressed properties. So-

Dave Burnett:                    That's pretty low.

Thom Dallman:                  Very small number.

Dave Burnett:                    But if somebody is interested in finding out more about distressed properties they can contact you here?

Thom Dallman:                  Yeah. Give us a call. We have people standing by that can answer questions on them and help you understand the process a little bit more.

Dave Burnett:                    Perfect. Core Group Realty. That is the place to call, and here's the number 208-933-7777. Thom we've talked about this a lot of times. Even if you just wanna come in and explore the idea of buying a home, or selling a home, we're more than willing to sit down and talk to these folks about what options are there for them

Thom Dallman:                  Yeah come on in, come on in. We are right here on Emerald, for people to come on and stop by. We're here from eight to five, Monday through Friday. We usually have someone here ready to go and answer your questions. Swing on in 8665 West Emerald Street, Suite 140, just right down from Town Square Mall. Give us a call 208-933-7777. Chat with someone. Just reach out. Let us answer your questions.

Dave Burnett:                    Perfect. It's the Idaho Real Estate Buzz. We do this each and every week. We'd love to have you back again next week. Tell your family. Tell your friends about the Idaho Real Estate Buzz. Everybody knows somebody who's trying to buy or sell a home. Let them know about Core Group Realty. All being brought to you by diversified mortgage, equal opportunity lenders and Core Group Realty. Call today 208-933-7777. Find out why they say "You get more with Core".

 

Diversified Mortgage
208-853-7878
dmgloans.com/Home

Core Group Realty
208-639-7700
CoreGroupRealty.com

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We have a great show for you today on the idaho real estate buzz

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We have a great show for you today on the idaho real estate buzz

Today on the buzz our broker, Thom Dallman is telling you all about our 59 Day Sales Guarantee and talking about some of our current featured listings. Michelle Guth with Diversified Mortgage is talking us through tax questions as regarding home loans, interest rates and the difference between mortgage banks and traditional banks. To wrap things up Dave and Thom are giving you an insight into the strength of our current home market. Enjoy! 

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Core Group Realty Pet of the Month: October

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Core Group Realty Pet of the Month: October

The Idaho Humane Society and Core Group Realty have partnered to spread awareness, happiness, and all the love that a pet can give! We are passionate about animal adoption and will be bringing you a lovable, adoptable pet every month. Here at Core Group Realty we firmly believe that a pet makes a house a home!

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Tune into today's idaho real estate buzz, we have a great show for you!

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Tune into today's idaho real estate buzz, we have a great show for you!

We are starting today's show with one of our Listing Specialist's, John Good who will be talking about some of his recent featured listings. Our weekly guest, Michelle Guth is giving us a break down of non-traditional loans. Then we have Stan Audette with AAD Inspections, one of our preferred vendors, giving us a very comprehensive break down of what Radon is, how to find out if your health is at risk and how to remediate the threat. And to wrap up our packed show we have Kristy Sternes with the Idaho Humane Society talking about their annual See Spot Walk event. We have an awesome show here for you, enjoy!

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      We have a packed show for you today with several special guests! We have Michelle Guth and Bill Young with Diversified Mortgage talking about 203K Loans and Future Value Appraisals. We also have Rod Givens, president of Alturas Homes and a chair person for the Fall Parade of Homes here to fill us in about the parade. Be sure to check out the Fall Parade of Homes: Friday, Saturdays and Sundays from 11am-5pm, September 29th-October 1st!     

 
 
    

 
 
    

 
 
    

 
 
     Seg 1     Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker at Core Group Realty.  Coregrouprealty.com  is the website. Call 208-933-7777 to find out all about Core Group Realty, and the things we talk about here on the show.  Thom Dallman:                  We love chatting about stuffs, don't we?  Dave Burnett:                    We do. You know, real estate is constantly changing, constantly moving. And one of the things changing is some of the new properties.  Thom Dallman:                  Yeah, yeah, we've actually just got released the numbers this week for August sales and meeting price points and stuff like that, so we're really happy to see that we actually had a slight increase in inventory -  Dave Burnett:                    That's good.  Thom Dallman:                  For August. Yeah, that's good. I mean if you listen to the show regularly, you know that we've been talking about our inventory shortage and all the things that we've been kinda going through with that, and what that entails a bit. It was nice to actually see some homes coming on the market in August and having some more options out there for people and availability. You know, the caveat to this whole thing is that home prices are going up as well ... are continuing to go up, they just went up from July's median price point for Ada County was 271 thousand. And August looks like it's 278 thousand, so.  Dave Burnett:                    Is that in part, you think, due to the fact of so much new construction that's going on?  Thom Dallman:                  Yeah, I think new construction has a lot to do with that because when there's a lack of inventory, new construction becomes more prevalent because there's just not as many options out there and so people tend to gravitate towards new construction. So, you know, we're right now, this year at one of our highest percentages of sales for new constructions versus resales. So, we actually have a lot more new homes selling, which is great, and stuff like that, so. Looking forward to talking later in the show with Rod Givens from Alturas Homes and talk a little bit about new construction in the Boise fall Parade of Homes as well, so.  Dave Burnett:                    Which is coming up soon.  Thom Dallman:                  Yeah, yeah, so -  Dave Burnett:                    Well the good news is on the website at coregrouprealty.com, there is some places where you can go and see some of the new listings that you have and you can add some new ones.  Thom Dallman:                  Yeah, you can check out our featured listings on there and see some of the stuff that we have available. It has a direct link to our homesearch site as well so that you can look for the current homes. Our homesearch site's updated every 15 minutes so you're getting all the information as quick as it gets on the MLS, so it's definitely something to check out if you're in the market to find a home, or if you're just curious about what your home's worth in your area. It's a great opportunity to get on there and kinda, we have a great home evaluation tool on there, as well, where you can just submit some basic information and it'll give you a value of your home. Obviously, it doesn't, it can't tell you the condition of the house. That'll vary, but yeah [crosstalk 00:03:08] it's definitely worth checking out. Exactly, exactly, so. But in the meantime, we have a couple listings that I'd love to share. These are new ones that just came on this week, so. The first one is over in the Hobbler Place subdivision at 6948 North Prescott Avenue here in Boise. This one is a three bed, two bath, two car garage. It's all single level. It's 1,100 square feet. So a nice level home for those that don't wanna deal with stairs and so forth. So, does have garden space as well as storage shed, covered patio, family room, guest rooms. They just recently renovated the kitchen, so some great options there. And this one is coming on at 205 thousand, so.  Dave Burnett:                    Nice.  Thom Dallman:                  If you've been listening, you'll probably know that 205 thousand dollars in the Boise area is actually a really good price. You don't find a lot in that price point in Boise these days. So great opportunity once again for that first-time home buyer, for those people that wanna kinda downsize, and so forth. So even investors, this would be a great rental property, too, if you're looking to get some rentals under your belt.  Dave Burnett:                    And that's over on Prescott Avenue?  Thom Dallman:                  Yep. 6948 North Prescott Avenue.  Dave Burnett:                    So all they have to do is go to coregrouprealty.com and in that section just put in Prescott Avenue, and it'll bring it up.  Thom Dallman:                  It should, yeah.  Dave Burnett:                    OK.  Thom Dallman:                  Should be able to see it in there, so yeah. Once again you throw in the full address 6948 North Prescott Avenue, go to the featured listings page on Core Group Realty and it'll be in that list as well -  Dave Burnett:                    Perfect.  Thom Dallman:                  So.  Dave Burnett:                    Nice.  Thom Dallman:                  Yeah, talking about another great opportunity in the Randall Acres subdivision in Boise. This one's at 7830 West Cummins Avenue. That's Cummins with a C. C-U-M-M-I-N-S Avenue. This is a 976 square foot house, single level with a carport. Three bed, one bath. Point 24 of an acres. It is fully fenced with a dog run with a garden space as well. But this one's listed at 160 thousand, so -  Dave Burnett:                    Wow.  Thom Dallman:                  Once again, should go pretty quickly, should be snatched up 'cause there's just not a lot in this price point, so. And great opportunity for investors, first-time home buyer. Once again, anybody who's in that price point. It's a great price point for Boise, 160 thousand.  Dave Burnett:                    As you see the values of homes going up, you know, you talk about that first-time home buyer and Michelle [inaudible 00:05:55] could tell you more about programs for first-time buyers. But it is difficult if you're young, and you've got a job, and you look at homes, and suddenly you're looking at 275 thousand dollars, it's like oh my goodness. But to get in and get started on a home, maybe put some cosmetic improvements and then begin that process of working your way up.  Thom Dallman:                  Exactly.  Dave Burnett:                    This is a perfect starting point.  Thom Dallman:                  A great starting point, for sure. It's interesting that you should bring up married couples and stuff like that because I just read an article this week, and I'm forgetting what company put it out, but they were talking about the new stats on weddings and how much weddings are costing. The average wedding now costs about 26,900 dollars is what this report showed. So there's a start of a trend for engaged couples to take that money that they would spend on their wedding and actually buy a house first. And use that money for a down payment. Like literally, you know, parents have saved the money for their daughter's weddings, the daughter comes to them and says, you know, "Hey, can we have that money to buy a house, and you know, and then we'll just get married later?"  Dave Burnett:                    We'll go to the justice of the peace and have a first anniversary party.  Thom Dallman:                  Right? Right, so yeah, so -  Dave Burnett:                    It's not -  Thom Dallman:                  It's an interesting article, and something that I'm gonna try, or figure out a way to explore because I think that's pretty -  Dave Burnett:                    I think it's brilliant.  Thom Dallman:                  Yeah, exactly.  Dave Burnett:                    I mean, honestly. And nothing against weddings. I do music for weddings, so nothing against weddings. But you look at the investment and if you can invest that into a home -  Thom Dallman:                  Exactly.  Dave Burnett:                    You could invite all your friends over for a backyard party.  Thom Dallman:                  Yeah, exactly.  Dave Burnett:                    I mean, just maybe I'm getting older, but that just seems to make a whole lot more sense to me.  Thom Dallman:                  Yeah, yeah. I think it's an interesting trend, and yeah, like I said, I'm kinda curious to see how that plays out over the next couple years. And you know, with these increases in prices that the nation's seeing in home prices and stuff like that how often we'll see people doing that.  Dave Burnett:                    See what a change that is. And if you own a wedding site and you need it sold, you can call Thom Dallman at Core Group Realty.  Thom Dallman:                  Exactly. [crosstalk 00:08:08]  Dave Burnett:                    And we'd be happy to sell that wedding site location for you.  Thom Dallman:                  There you go.  Dave Burnett:                    I mean, again, there's plenty people in the valley for weddings traditionally to go on, but I'm curious to see if you wanted to put a blog together on that, just kinda how that affects the Treasure Valley and what's happening here [crosstalk 00:08:28]  Thom Dallman:                  Yeah, that's actually a really good idea for a blog. Yeah, I'll make sure and get that put together here in the next couple weeks, so.  Dave Burnett:                    That'll be good for you. So those are two new listings that you can find at coregrouprealty.com, the website.  Thom Dallman:                  You can see all of our listings there, featured listings, we've got a couple on there that have had some price improvements, I guess, some price reductions. So, you know, there's a couple on the North End particularly that are really great opportunities. 2409 North 21st Street. Really close to Hill Road, and Hyde Park, and everything over that way. This is a great 3,000 square foot bedroom, four-bedroom, three bath, house, listed, it's currently at 659 thousand. It's a great opportunity to have a quarter acre property in the North End.  Dave Burnett:                    Nice.  Thom Dallman:                  Yeah. There's not a lot of those bigger lots, and this one literally has so much room in the back yard that they have just kind of RV parking, they have toy parking, they have-  Dave Burnett:                    Which for the North End is to have a garage is a big deal.  Thom Dallman:                  Exactly.  Dave Burnett:                    Yeah.  Thom Dallman:                  To find something, you know, with a two-car garage, and to have the RV parking and the space in the back for your other toys and stuff is just a really great opportunity, so. Definitely, if you're in the market and/or know of anybody that's, you know, looking in the North Ends in that price point, this is a great opportunity to check out. As well as the house over at 3898 North La Fontana Way. That's La, L-A. Fontana, F-O-N-T-A-N-A. This one is at 499 thousand, and it is a great five bedroom, three and a half bath, 3,729 square feet. So, this is just right off of Bogus Basin and Cartwright. Just kinda up that direction a little bit, so. Great opportunity, great home. Well worth the visit if you are looking for the North Ends. And's a great opportunity to be close to, you know, be right there on Cartwright if you're a bike rider to jump and ride those hills.  Dave Burnett:                    That's right, they're in the foothills. [crosstalk 00:10:46]  Thom Dallman:                  Steer, you can just jump over around to Bogus Basin and head up to the ski hills -  Dave Burnett:                    Nice.  Thom Dallman:                  And yeah. It's just a great opportunity, so. Worth checking out if you're online and looking at 'em.  Dave Burnett:                    So really at coregrouprealty.com there is something for everyone, from just over 100 thousand dollars to half a million [crosstalk 00:11:02]  Thom Dallman:                  All the way up to the upper ends.  Dave Burnett:                    You gotta like that.  Thom Dallman:                  For sure.  Dave Burnett:                    We'll continue on the other side. This is the Idaho Real Estate Buzz. I'm Dave Burnett. He's Thom Dallman. Being brought to you by Diversified Mortgage and by Core Group Realty. Call 933-7777. Find out why they say, "You get more with Core".        Seg 2     Dave Burnett:    This is the Idaho Real Estate Buzz I'm Dave Burnett and Michelle Guth with Diversified Mortgage, equal opportunity lender joining us in studio again today. And you brought a special guest with you today.  Michelle Guth:  I sure did. Good morning Dave. I had an opportunity to bring in one of my partners today Bill Young, who is our regional renovation manager. He does a tremendous job, he has decades of experience doing renovation loans, and we'd thought we'd touch on the 203k program today for FHA financing that we've spoke about in several segments, so welcome.  Bill Young:           Thank you, I'm glad to be here.  Dave Burnett:    Okay, Michelle just threw a lot of numbers, and acronyms in there. FHA, what was the loan ... what is it?  Michelle Guth:  203k. We've talked about FHA on numerous occasions, which is a government program offering 3.5% down financing. You do not have to be a first-time home buyer, and along with that program they have a great option to do some rehabs to the property, which is this program that Bill's gonna touch on today called the 203k.  Dave Burnett:    Excellent, so is this, Bill, then the kind of loan that somebody's obviously buying a house that needs renovation or maybe, house flippers? Is it a loan for that kind of a deal or no?  Bill Young:           You know the application for it is multifaceted. Generally, it's finding a home that needs some work that the buyers don't wanna have to go out-of-pocket once they get in there. And we can finance either cosmetic changes to the property, or we can actually add square footage and make the home more suitable for their needs.  Dave Burnett:    So, does this need to be a home that can pass a loan? In other words, if the foundation is crumbling under it, would it qualify for this or no?  Bill Young:           Absolutely. We can fix just about anything  Dave Burnett:    Oh okay.  Bill Young:           The general rule is we want to save any transaction that's in jeopardy because of property condition.  Dave Burnett:    Okay, very good. So how often are people coming in, Michelle, for this kind of a loan? Or maybe not even knowing that this kind of loan exists?  Michelle Guth:  We get requests for them quite frequently. A lot of the times we'll have people that are even asking for the program more even so for cosmetic updates versus structural updates. With our inventory shortage that we have currently, there are some great homes out there that maybe are dated in nature and need a lot of updating between carpet, appliances, and kitchen and so forth. And this would be a good program for that as well.  Dave Burnett:    Okay so I'm trying to get my arms wrapped around what this loan would be for. Let's say there's an old farmhouse out on Chicken Dinner Road somewhere. Way out in the country. It's maybe something built at the turn of the century and really needs a lot of love. Is this the kind of loan that's perfect for that?  Bill Young:           Absolutely. When you see maybe properties are listed as cash only, they can be financed using this type of financing. So it really allows the home buyer to explore more options and maybe consider properties that they didn't think were suitable.  Dave Burnett:    Well lets kind of go over what's the difference between structural and cosmetic? Is that a good question to ask?  Bill Young:           Absolutely. So, there's two categories that take this to the higher level or more complex loan. It's based upon dollar amount of the improvements, exceeding $35,000. Or if we're doing anything structural or architectural. So, if we're adding square footage, we're messing with the tresses, or anything structural. We can repair foundations. If it requires lifting the house and rebuilding the foundation, that would be considered structural.  Dave Burnett:    Okay, so that would be structural. But just to repair, if I have a crack in it, that's more cosmetic? Or is that structural?  Bill Young:           It can fall into, as long as it doesn't exceed that $35,000, it can fall into the category of cosmetic. They term it as a limited 203k versus the standard, the traditional 203k, which allows for the structural improvements to the house.  Dave Burnett:    Okay so who makes that determination? Is it an inspector or is somebody ... Who makes that determination?  Bill Young:           Well it kind of starts with home inspection, is a good way to start. And then if it appears that we're going to either exceed that dollar amount or the type of work that's being done. So that's kind of a judgment call that I make right up front, based on the scope of work that's gonna be done to the house.  Dave Burnett:    We're talking to Bill Young who is a partner with Michelle Guth at Diversified Mortgage, and that you work together. How often do you call on Bill and his expertise?  Michelle Guth:  Oh, he's a huge resource to us. Again, he's been doing these two programs and specializing in them for years. And we will have properties in many occasions that will not meet the appraisal guidelines and this is a great saving grace for us to be able to flip it over to this type of a program so that we can save the transaction for the client.  Dave Burnett:    See, I've always wondered what happens when you have a house that ... especially an older home, you know something in the turn of the century that's not gonna qualify for your standards or loan, what you do with it. So, this kind of is the answer.  Michelle Guth:  It's a great program. I think it would be helpful as well, Bill, if you would kind of touch on how they determine maximum loan amounts when they're looking at the purchase price, along with what the cost will be to do those type of repairs.  Bill Young:           So, we're limited to the county limit for loan amount. And that determines how far we can go with the 203k. And what's that number for our county?  Michelle Guth:  It's approximately 274,000  Bill Young:           That's kind of the determining factor there.  Dave Burnett:    That would be not only the loan amount, but the ...  Michelle Guth:  The repairs, correct. We can't exceed the base loan amount.  Dave Burnett:    I'm just trying to think in my mind here, some of these older homes ... Some of them you can get for a pretty good buy because they really need a lot of love.  Michelle Guth:  They do. And in doing the calculations Bill's going to get bids and so forth and determine what is the cost to do the requested repairs. And then the caveat to it is we do have to have a future value appraisal to support the cost of the repairs along with the acquisition so that's where it can get a little more complicated.  Dave Burnett:    Future value appraisal. How do you get that?  Bill Young:           So it's very similar to a construction appraisal. Where we're taking into consideration the improvements that are to be made, and that actually creates instant equity for the clients if we're doing really quality work, which is required with all these programs. We do have to use a contractor.  Dave Burnett:    Do you keep a photo album? I would love to see before and afters of some of these homes that get these loans.  Bill Young:           I'm probably not as good at that as I should be. The contractors that work with us tend to do a better job of that. But some of them are very stunning. The transformation from an old farm house to a beautiful home is certainly breathtaking.  Dave Burnett:    Have we talked about this before?  Michelle Guth:  We've touched on the program, we have not gotten into the specifics, which is why I brought in the expert.  Dave Burnett:    Yeah, because I'm intrigued now. Just by the whole process. That's always been one of my bucket list dreams, even though I'll never do it. And that would be to restore an old farm house. I think that would just be fantastic to do.  Bill Young:           You know, consumers are not particularly aware of these programs but a lot of them do watch the home improvement shows on television. One of the most popular viewing out there. And anything that you can imagine that the home could be improved to with the newest, latest, greatest amenities can be included in these loans.  Dave Burnett:    Okay, well let’s say my real estate agent has found an older home somewhere. One that needs some love. One that needs either some structural or cosmetic, what is the process that we go through with this?  Bill Young:           So the first thing that I ask for really is to see a copy of the listing. That way I go through the photos, I see how it's listed and I get a sense of what the property would need. I'm certainly not the final say on it, but I'm the starting point.  Dave Burnett:    Okay. So would you go into Diversified Mortgage office and say "This is kind of what I'm thinking about"?  Michelle Guth:  Correct. So they'll meet with myself, one of my loan officers and we'll go ahead and go through the credit approval process to ensure that they meet the credit standards and assets.  Dave Burnett:    Just like normal.  Michelle Guth:  Exactly. And then we're going to work with Bill to go through the collateral itself to determine what is our future loan amount and purchase price going to be, based off of the, again the acquisition cost, what are we paying for the house compared to what do we have to tack onto the price to do all of the requested improvements.  Dave Burnett:    It seems like there's a lot to this. In fact, maybe we should make this a two-part segment and maybe touch on some more next week?  Michelle Guth:  Absolutely we have a secondary program I think we'll touch on next week as well, which is attached to a conventional program. Requires a higher down payment of 5% versus the FHA, which we mentioned today, which is only 3.5%, but is a great program as well. So, they both have their niches as far as what would make the most sense for the client.  Dave Burnett:    Well we have a couple minutes to go, but I do wanna point people to your website. If you just tuned in and caught part of this saying, "Wait a minute, this is what I need". What is the website there for Diversified if somebody wants to hear more about this?  Michelle Guth:  Yeah we'd love to visit with you. Visit our website at  dmgloans.com  or call our office at 853-7878.  Dave Burnett:    Bill Young is our guest in the studio talking about the 203k loan process. I guess I didn't prepare you for this, but I'm kind of curious so maybe we'll talk about it on next weeks show. What's the biggest nightmare you've run into as far as you've seen something and went, "Oh boy are we gonna be able to get this through" and then had a success story, does something just jump to mind on that?  Bill Young:           You know whether or not the client can qualify for the loan with the purchase price plus the renovation cost is really the only thing that kind of stands in their way.  Dave Burnett:    The home itself has never really been an issue then?  Bill Young:           I've seen everything, and repaired from the front porch falling off to sliding down a hill. Lots of great stories.  Dave Burnett:    Yeah, excellent. Bill Young who works with Michelle Guth with Diversified Mortgage. And Michelle if somebody wants to come in and get pre-qualified for a loan, how would they go about that process?  Michelle Guth:  Please give us a call at 853-7878 we encourage you to come in and sit down with us because this is a more complicated transaction, certainly not one we recommend you try to do over the phone or on the internet. That face to face interaction is going to be key.  Dave Burnett:    So again, if you have a property and it's something that ... a home that requires a little bit of love ... Okay maybe a lot of love, maybe some structural repair or just cosmetics, get ahold of Diversified Mortgage and Michelle will get you in touch with Bill and be able to see what perhaps you can do and maybe you've got that home that's kind of been a bucket list as well to go through and to work on as well. This is the Idaho Radio Buzz. We do this each and every Saturday and we'll continue on the other side. We'll continue on the other side right here with the Idaho Real Estate Buzz        Seg 3     Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker of CORE Group Realty. You can call 208-933-777  Coregrouprealty.com  is the website. 208-933-7777. In fact, you can try that and call right now.  Thom Dallman:                  Yeah, give it a call. There's someone standing by to answer that call and help you out.  Dave Burnett:                    Get you into the right direction ... what you need.  Thom Dallman:                  Answer any question that you may have.  Dave Burnett:                    I want to point out, again, this is not a real estate agent who will answer. It's somebody with information that if you need a licensed real estate agent, they can point you that way.  Thom Dallman:                  Will get you go to one of our specialists. For the most part, they're there to answer pretty much any question that you have on the area, website. How to navigate through the website. How to use some of the features on it and stuff like that.  Dave Burnett:                    I find it funny is that often times one of the biggest questions, especially from out of town, "What's the weather really like there?"  Thom Dallman:                  What's the weather really like?  Dave Burnett:                    Yeah, because everybody running for their life from the fire.  Thom Dallman:                  I've got some newer clients that have just moved into town within the last two years. They're all kind of hounding me, saying, hey, you promised us that the winters were mild. Last winter was not mild.  Dave Burnett:                    And you know what? We'll find out.  Thom Dallman:                  Exactly.  Dave Burnett:                    Everybody has the old apartments almanac just recently came out. Who knows?  Thom Dallman:                  Exactly.  Dave Burnett:                    Who would've figured that February would've been a nightmare here last year?  Thom Dallman:                  Exactly. So, they're standing by, and we're standing by to answer questions. As always, we talk about fun topics and different things, not just necessary real estate, but one of the things that I'd like to talk a little bit about is just kind of livability and kind of things to think about when you do buy a new home and you're kind of going to live in your home and you might want to make some changes or you might want to go out and buy furniture or do stuff like that. So, helpful hints in the livability of your home and then future resales. Some of the stuff for future resale as well.  Dave Burnett:                    Maybe we'll title this segment: Good Ideas and Not-So Good Ideas.  Thom Dallman:                  And not-so good ideas.  Dave Burnett:                    Because we all know that person. In fact, some of us may be that person that thought, "It'd be really good if we did this." And do it and it's like, "What was I thinking?"  Thom Dallman:                  Exactly, exactly. I think one of the biggest things that people get so excited and they go out and they want to buy new furniture and just fill their house with all this new furniture, but it's so easy to buy furniture that doesn't necessarily fit your space.  Dave Burnett:                    Well, it's easy when you're at the furniture store, and they've got 40,000 feet in a furniture store, that big section of the sofa looks pretty comfortable.  Thom Dallman:                  That looks pretty comfortable and that looks pretty small, but-  Dave Burnett:                    Once you get in the house, if you can get it into the room, and it's hanging in front of a door, that's a problem.  Thom Dallman:                  Exactly, exactly. So always recommend that people who get to the furniture, take some measurements. One of my favorite things to do is actually go home and find some cardboard where I can actually cut it out to the dimensions as the furniture and place it in the room that you're going to put it in just to see how it is size-wise and to make sure that you can move it around and that it fits the space. Avoid those big ugly leather sofa sectionals in a teeny tiny room.  Dave Burnett:                    I'm going to tell on myself here we bought a sectional for our TV room. I looked at the basin, how big it was, which ... Okay, that'll fit just fine. What I wasn't thinking of is how that the arm came out from the basin was a little bit bigger. So, when I opened the backdoor, it's right there.  Thom Dallman:                  It's right there.  Dave Burnett:                    It's right there.  Thom Dallman:                  Oh my gosh.  Dave Burnett:                    I figured, "Okay, the backdoor, it's my TV man cave room. I'll deal with it."  Thom Dallman:                  Exactly, exactly.  Dave Burnett:                    But could've had a little better prior thinking.  Thom Dallman:                  Yeah, for sure. Well, along the lines of furniture, too, nowadays, lot of furniture companies will allow you take kind of samples home or pillows for certain furniture. The reason for this is because lighting can change the color of stuff.  Dave Burnett:                    It can.  Thom Dallman:                  I know firsthand we had bought a couch for our home way back in the day. When we got it actually delivered and in the house, it was a greenish gray instead of just the blueish gray that looked like on the floor. So, it just did not match-  Dave Burnett:                    Didn't work.  Thom Dallman:                  ... our décor.  Dave Burnett:                    That's not only for furniture. Carpeting, flooring-  Thom Dallman:                  Rugs, artwork. I mean, they say that you should never buy a ... just go buy artwork and then try to get your house around that artwork.  Dave Burnett:                    In part because most commercial businesses have fluorescent lighting. Your home has natural and incandescent lighting and/or LEDs now.  Thom Dallman:                  Exactly.  Dave Burnett:                    It's totally different.  Thom Dallman:                  Exactly, yeah. So, that's a huge one. Just the lighting can change everything, and you get it home and you find yourself with a pink couch instead of the-  Dave Burnett:                    Instead of rose.  Thom Dallman:                  Yeah, exactly. Definitely, once you make sure that you're kind of looking at that stuff before you put it in and before you're getting it into your home. Some of the things that we talk about on kind of just remodels and kind of going through and doing home improvements and stuff like that, if you're remodeling your kitchen, be careful on those floors that you pick and don't pick dark floors that will show every single crumb. As well as on the reverse side, you don't want really super light floors that you'll-  Dave Burnett:                    Every bit of dirt.  Thom Dallman:                  Every bit of dirt shows up on. Strategically placing the appliances in your kitchen sink if you're doing that extensive remodel ... is important. Don't ever put that kitchen sink in a corner.  Dave Burnett:                    Well, hopefully, if somebody is hiring somebody, a contractor to do it, that contractor will point that out saying, "It's probably better to have your dishwasher close to the sink so you're not dragging stuff across the room."  Thom Dallman:                  Exactly, exactly. Well, yeah. I mean, you want to make sure that you're hiring contractors that are willing to do that and not just go, "Yeah, sure, whatever you want. We'll do that for you and stuff." Make sure that you're interviewing contractors, making sure you're selecting contractors that fit you and your lifestyle and that will work hard for you. It may not be the cheapest person. The cheapest person isn't always the best person. Saving money can maybe cause you headaches down the road. You just have to be really careful with your contractors. Make sure they're licensed and insured. Make sure that they come highly recommended and stuff like that. So, definitely something to make sure that you-  Dave Burnett:                    I guess another little advice ... so this comes from having a recent remodel in the kitchen. What you think just might be a little inconvenience, it's going to wind up being a big inconvenience.  Thom Dallman:                  A big one.  Dave Burnett:                    You think, "That's not that big a deal. We can live with that." Guess what? After about that 50th time that you're having to get this out of a cupboard that's that little ... it becomes a major pain.  Thom Dallman:                  Exactly.  Dave Burnett:                    So, think things through, and then think them through again, and then take somebody's advice.  Thom Dallman:                  Exactly, exactly, but not too many people's advice.  Dave Burnett:                    No-  Thom Dallman:                  Remember, this is your home.  Dave Burnett:                    ... you won't get anything done then, but-  Thom Dallman:                  Exactly.  Dave Burnett:                    ... it's not a bad idea to run it by somebody. Say, "What do you think if we did that over there?" They might go, "That's really going to become inconvenient."  Thom Dallman:                  Yeah, exactly.  Dave Burnett:                    If you thought that way, it probably would confirm it.  Thom Dallman:                  Yeah, for sure, for sure. One of the interesting things that I always see, too, especially on commercials for home improvement companies and stuff like that is the wall splotches. Painting all different colors on the wall to see which one fits better for the room and stuff like that. Highly recommended, sticking to the little pieces of paper with the colors on it, because those wall splotches that you paint now could eventually do what is known as tattooing the wall, unless you put a couple, several coats on.  Dave Burnett:                    It'll bleed through.  Thom Dallman:                  Those could bleed through. You'll see little spots there that's-  Dave Burnett:                    Somebody at your wall and go, "What was the eight little squares on that wall?"  Thom Dallman:                  Exactly. You really want to make sure that you can avoid that and just tape those little pieces of paint samples that they give out at the stores to the walls to get those colors. It's a really good suggestion. Since we're talking about painting, never paint the exterior of your house if it's brick. Painting over brick is-  Dave Burnett:                    Painting over brick.  Thom Dallman:                  Yeah, it's one of those things that pop up every once in a while that just ... it's a lot to kind of get back to the natural brick look if you do something like that.  Dave Burnett:                    There's some people listening right now going, "Hey, we painted our brick."  Thom Dallman:                  All right.  Dave Burnett:                    It may look good, but if you ever want to go back, it is a nightmare-  Thom Dallman:                  Totally.  Dave Burnett:                    ... to get rid of all that paint. So, you're either stuck painting over paint.  Thom Dallman:                  Exactly. There's a good portion of the population and buyers out there when you go to resell that are going to look at that and say like, "Man, I wish they wouldn't have painted that. I love the look of brick and stuff." So, just be wary of your house and if it has brick exterior and you're thinking about painting it. Just be aware of how that will affect some of the buyers out there. They always say that you should never paint a bedroom until you get the bedding that you want for it. It's another one of those helpful tips of livability, just because the paint and the bedding can go together, or they can clash.  Dave Burnett:                    I was just thinking about it. It's probably easier to get a paint that matches a bedspread as opposed to find that perfect bedspread that matches that avocado green that you put in the bedroom.  Thom Dallman:                  Exactly, exactly.  Dave Burnett:                    I never thought about that, so when you're going ... and I don't think there's a paint store anywhere that would mind if you brought in a comforter to match up with paint.  Thom Dallman:                  Exactly.  Dave Burnett:                    I don't think they would mind at all.  Thom Dallman:                  I don't think they would mind at all.  Dave Burnett:                    That's not a bad idea. I never thought of it that way.  Thom Dallman:                  Most comforters come with the pillowcases that match them, so you can take those pillow cases in and stuff like that.  Dave Burnett:                    Match it that way.  Thom Dallman:                  Yeah.  Dave Burnett:                    I hadn't really ever thought of that.  Thom Dallman:                  Think about your bedding and think about your furniture in a room before you rush into go in and paint. We see that a lot with people who buy homes and stuff like that. They want to kind of go in and paint accent walls and do all kinds of fun stuff before they get moved in because it's a little bit easier to paint when you don't have furniture in there. You run that risk of getting a new furniture in there and realizing that the paint color you got was just not the right color. So, I've seen people who've had to go back and repaint due to that fact.  Dave Burnett:                    To get that matched.  Thom Dallman:                  As I was kind of doing some research on this too, I ran across an interesting little comment made by someone that says, "Never drink wine while operating power tools."  Dave Burnett:                    Why?  Thom Dallman:                  Because it spoils the wine.  Dave Burnett:                    Good point. That's a good point.  Thom Dallman:                  So, I think that it's not an uncommon thing to open up a beer or to while your kind of doing some home improvement stuff on the weekend, relaxing at home. So, stay away from the power tools if you agree to do that. Use your power tools before you opened up that beer, have the beer for a reward, or wine, or whatever it is.  Dave Burnett:                    One other suggest when it comes to using power tools and building stuff and this is coming from a brother-in-law.  Thom Dallman:                  Okay.  Dave Burnett:                    There are reasons for building codes.  Thom Dallman:                  Yes, there are.  Dave Burnett:                    You adding that shed thing on the end of the house might want to be the code, because-  Thom Dallman:                  Make sure your contact planning [inaudible 00:12:05] if you do any kind of additions like that.  Dave Burnett:                    Sometimes our projects don't really come up looking quite right and if you're going to try to resell it: A) it's got to be up to code, and B) it may not look quite right attached onto the house.  Thom Dallman:                  Yeah, always check your CC&Rs too. If you are doing any kind of outbuildings and stuff like that, because back in the day, my father built a shed on land that he owned and ended up getting sued from the homeowners' association because he built ... it wasn't sufficient space away from the house. There had to be a certain amount of space from the house. So, had to go to court, and finally got ... won it. The court said, "That's just ridiculous." It was like just couple feet off. It was 30 feet or something like that. You just don't want to get yourself stuck in something like that if you have a homeowners' association watching out for those things.  Dave Burnett:                    Better to check ahead.  Thom Dallman:                  Yes, exactly.  Dave Burnett:                    Thom Dallman who is the co-owner, designated broker of CORE Group Realty will continue on the other side here on this Saturday afternoon together. This is being brought to you by Diversified Mortgage and by CORE Group Realty. Go to  coregrouprealty.com  or call 208-933-777. Find out why they say, "You get more with CORE."        Seg 4     Dave Burnett:    This is the Idaho radio buzz, I'm Dave [00:00:02] along with Thom Dallman [00:00:04] of core group realty.  Coregrouprealty.com  is the website, 933 ... No let me back that up. 208-933-7777  Thom Dallman:  Don't forget that 208.  Dave Burnett:    That is the phone number for you to call to ask any questions you may have about the program, about the show we're doing, about the website. We're about core group realty, and a customer care agent will be standing by to answer your questions and one of the questions you may have is, when's the fall parade of homes this year?  Thom Dallman:  It's coming up. It's coming up.  Dave Burnett:    It is coming up. As a matter fact a guest with us here at core group as we're talking about the fall parade of homes.  Thom Dallman:  Yeah, yeah we're really excited to have Rod [givens 00:00:40] here, the president of Alturas homes and also the chairperson for the fall committee for the parade of homes. So he's here to chat a little bit about the parade of homes coming up and give us the dates and the low down on what's happening out there.  Rod Givens:        Yeah thanks Thom Dallman. Thanks, it's nice to be here. Yeah so the fall parade of homes is coming up the end of September. It starts the 29th, 30th and 1st of October and the next two weekends. It'll be open, so basically Friday, Saturday and Sunday from 11 AM to five PM on each of those days.  Dave Burnett:    It seems like we just had the parade of homes and then here we go again, it is the fall parade of homes and tell me what all is involved for you prior to in getting this organized because for me as a consumer it's nice to go out, poke around and look at this home. Oh look at that, look at that cabin. Oh look at the paint job on that. But for you there's a lot involved in putting this together.  Rod Givens:        Yeah there's a significant amount of work that happens behind the scenes. The consumers that are out looking are seeing these products that all these builders have built and the coordination and the effort to put together the magazines, to coordinate the locations of where all these homes are going to be, and really the way the market is right now, just from the builder's perspective, getting homes completed and finished right now is more of a struggle than it's ever been. With labor shortages and all those things. And so it's a great opportunity though for consumers to look at this product that builders have put together and be able to go out and see it's a little different than the spring parade. The spring parade is a little more ... Maybe you see some larger homes and higher end homes. The fall parade is maybe a more realistic view of what a consumer can go out and buy on the market, maybe a little more affordable type quality of homes. But it's a great opportunity to see.  Thom Dallman:  Well I've always told my clients and stuff like that, that's it a great opportunity to really get the opportunity to almost interview the builders and see which builder kind of fits. We always talk about on the show about how not all builders are the right builders for everybody, and everybody has their likes and desires and what they want in a home. So it's a really great opportunity to go out there and just see what the builders are building into their homes. And find out if it's what fits your needs and your family's needs and stuff like that. So to really find that perfect builder for a person.  Dave Burnett:    So the fall parade of homes coming up at the end of the month on the 28th it will start. You mention locations and it suddenly made me think, because the parade of homes has been going on ... I'm not even sure when did it start here in the valley? Do you have a year that it started?  Rod Givens:        Oh it's been a long time. I couldn't tell you that answer but it's been a long time.  Dave Burnett:    I just remember when I came and here's a real difference, at that point I mean if you were out in the five mile area you were way out there, as opposed to now. They're getting further and further out and in part that's because just the way the growth is spread out in the area, how are locations determined?  Rod Givens:        It's basically a product of where builders are building at the time. And like you mention the growth is spreading and it's primarily spreading to the west. And so you'll see this year a lot of homes that are in the north meridian, south meridian star areas. It's pushing out to the west. There are some up in hidden springs, there's some over in the east valley over there, but there's , you’re  not seeing the concentration closer into Boise, it's getting the outskirts for sure.  Thom Dallman:  It's spreading.  Dave Burnett:    And that does create more of a challenge because there was a time where you can go and pretty much hit every ... You could hit all the homes in a weekend anyway just because of the distance, it's a little more of a challenge.  Rod Givens:        It is, yeah it is for sure. Obviously, traffic, there's more traffic. The population has increased quite a bit over the last few years and so you're seeing more traffic. But I think you'll see this year specifically with the fall parade, you should be able to hit quite a few of them. There's some concentration of parade homes in certain areas and that will be nice for consumers to be able to go and look. And I think Thom Dallman ...  Thom Dallman:  I spent one weekend in this little area, next weekend over in this area.  Dave Burnett:    I was going to say if it starts on the 28th, how long does it last? How many weekends?  Rod Givens:        So the 29th, it's three weekends, so it actually starts on the 29th, which is a Friday. And it's open from 11 to five on Friday, Saturday, Sunday for three weekends.  Dave Burnett:    So, you might want to get the map and where are those going to be available at this year?  Rod Givens:        Oh, various locations, there's a big list. I can't remember. [crosstalk 00:05:29] Off the top of my head I can't remember. I think Thom Dallman will have some obviously here at core group realty.  Thom Dallman:  You can definitely swing by here at core group realty and grab some too, we'll have some available here at the office.  Dave Burnett:    So you might want to do a little strategy and map out where you want to go and take a different location.  Rod Givens:        And you can also go to boiseparadeofhomes.com and look and there's maps. The building contractors and association of southwest Idaho started a new website for the spring parade, so some of the folks may be familiar with that website from the spring parade and that same website will operate for the fall parade.  Dave Burnett:    Nice, what can we expect this year in the fall parade of homes? Anything new, something? And I'm sure you're busy building because you have your own company, so maybe you haven't gotten out a lot. But what can we expect to see this year?  Rod Givens:        I think you'll see a lot of new innovation. That's one of the beautiful things about this market and specifically the treasure valley. There are a lot of custom builders. And when you compare that to other larger metropolitan areas, there are very higher densities of production home building and not as many custom builders. I think that's one of the things that Thom Dallman mentioned about going and interviewing builders and being able to talk to their real estate agents that represent them. Is you'll be able to see that builders here in the treasure valley have the ability and the desire to really customDalle and design a home that fits for each individual. And I think that's one of the beautiful things about this market and this valley is there are a lot of great builders that can do that. And so I think you'll see a lot of variety in product. I think you'll see in the fall parade you tend to see more of like I say, what builders typically build. The spring parade, we as builders generally all want to kind of showcase our absolute best and the biggest and newest design.  In the fall parade we might have say Alturas homes has 20 floor plans. We'll pick from one of those floor plans and we'll build a fall parade. So you'll see the typical Alturas home, where the spring parade might be a brand new home, a brand new design. But I think that's one of the nice things about the fall parade.  Dave Burnett:    So if we go ... Where is the Alturas home going to be this year?  Rod Givens:        Alturas, we'll have a fall parade of home in [inaudible 00:07:56], which is hidden springs. And in homestead subdivision, which is Lindor and floating feather [inaudible 00:08:03].  Dave Burnett:    Okay. Something to be looking for in those homes that you snuck into the program?  Rod Givens:        Oh man, we'll leave that as a surprise for the buyers. I want to make sure to be fair to all the builders for sure. I think we'll all have some new things. That's the nice thing about the parade of homes, is anytime we do a parade, we're trying to keep up with trends and for buyers, to be able to go out and see some of the new tiles and the new hardwoods and the new cabinet designs and new floor plans. The floor plans that we're building now are different than they were three, four, five years ago. And that's one of the best opportunities as a consumer to just be able to go out and preview and look.  Dave Burnett:    What's the biggest change you've seen in floor plans?  Rod Givens:        I think we're seeing a lot more open floor plan design than what we used to five, ten years ago. We're seeing different kitchen designs. It seems like for a while you used to have kind of the same L-shaped dining room, kitchen and great room. And now we're seeing a lot of inline design where it's all kind of one big room, and outdoor living space. I think that's becoming a big thing.  Dave Burnett:    That's really gotten popular.  Thom Dallman:  I can say that I notice that in a lot, in the spring parade this year. It seemed like there was a lot more open, outdoor spaces in the homes. So I'm excited to see some of the new floor plans, more [inaudible 00:09:38] have that going on as well this fall.  Rod Givens:        You know it's a misconception in this area that we have these very cold, harsh winters.  Dave Burnett:    We don't, normally.  Rod Givens:        Except for last year. That's right, no. But the reality is there are eight to nine months out of the year where that outdoor living, we have a great climate for it.  Dave Burnett:    Yeah typically you can be dining outdoors through a good part of October.  Rod Givens:        Right.  Dave Burnett:    So to go out and get a nice outdoor kitchen put out there, an outdoor dining area and a seating area around some sort of fireplace, it's ideal for this part of the country.  Rod Givens:        Yeah for sure.  Dave Burnett:    Very good, so we have the fall parade of homes coming up and it will start on the 29th and details, and once again the website for the fall parade of homes.  Rod Givens:        Boiseparadeofhomes.com I hope I said that right.  Thom Dallman:  And we'll have a link to on coregrouprealty.com too to the site as well.  Dave Burnett:    So as always if you have any questions just go to  coregrouprealty.com . This is Idaho real estate buzz. I'm Dave [ 00:10:38], he's Thom [00:10:39] and we do this each and every Saturday at 2:00. Brought to you by diversified mortgage equal opportunity lender and core group realty. 933-7777, that's the phone number. Find out why they say you get more with core.     Diversified Mortgage 208-853-7878  dmgloans.com/Home   Core Group Realty 208-639-7700  CoreGroupRealty.com   Alturas Homes 208-391-4445  alturashomes.com    

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We have a packed show for you today with several special guests! We have Michelle Guth and Bill Young with Diversified Mortgage talking about 203K Loans and Future Value Appraisals. We also have Rod Givens, president of Alturas Homes and a chair person for the Fall Parade of Homes here to fill us in about the parade. Be sure to check out the Fall Parade of Homes: Friday, Saturdays and Sundays from 11am-5pm, September 29th-October 1st!

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Tune into today's Idaho Real Estate Buzz!

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Tune into today's Idaho Real Estate Buzz!

Join Dave and Thom today as they discuss a wide variety of topics, from the importance of using the most up to date systems in your home search, wildfire home safety and real estate scams: what to look out for and how to avoid them. In the middle of our show we have our regular guest, Michelle Guth of Diversified Mortgage discussing with Dave and Thom why buying and selling in the fall and winter is a good idea. 

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