Thom and Dave go over some of the reasons that it is so important to find a real estate agent that is a good fit for you and some of the non-financial benefits of home ownership. Wondering what buying a home in 2019 looks like? Ron Wieczorek from Movement Mortgage is here to enlighten us.
Plus, we have a very special guest in the studio today! Dan Wydner from Eagle Eye, LLC is here to talk about roofs! He is one of our trusted preferred vendors and he has some winter weather tips for keeping your roof in good shape.
Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner, also an associate broker at Core Group @ eXp Realty. CoreGroupRealty.com the website, 208-933-7777, that is the phone number for you to dial. You know Thom, we've talked a lot about as we come into Spring, don't wait until Spring, don't wait for that, the Crocuses to bloom.
Thom Dallman: Exactly.
Dave Burnett: To sell your home. You need to get it, get the wheels rolling now.
Thom Dallman: Get the wheels rolling now. There's a lot of people find little projects and stuff that they want to do. When they consult with a real estate agent coming through their house, we kind of point out things that they can do to help it show better when it comes down to time to list, and to get people coming through the house to give it the best impression right away.
Dave Burnett: When you get that home inspection punch list, there will be things, I'm sorry, there will be things you need to do to your home to make sure that it's up to snuff and ready for the loan company to come up with a loan on it.
Thom Dallman: Exactly.
Dave Burnett: Don't wait until May, if you want to sell this Spring now is the ...
Thom Dallman: Talk to an agent now.
Dave Burnett: It's a great time to do that. In tune with that, we want to talk a little bit about one of the things you need as a real estate agent.
Thom Dallman: Yeah.
Dave Burnett: There are things to ask for.
Thom Dallman: Yeah, things that you should be asking for when you're interviewing real estate agents. More and more people are listening to us, and actually getting out there and interviewing different agents, and so forth. I've been on several listing appointments the last couple weeks, to which they even told me, "Hey, we're interviewing three to four agents. We just want to find that right fit for us," and so forth. I'm gearing up with all my, getting ready to answer those questions that pop up.
Dave Burnett: Well, I mean the easy thing for you would be somebody to stumble in blind like, "Okay, I'll take you. I'll sign off."
Thom Dallman: Right.
Dave Burnett: As a consumer, the responsible thing to do is to interview to make sure the person that you have handling the biggest transaction of your life is the person you want.
Thom Dallman: Exactly, so it's very important to be asking those right questions, not just for you, but just for your sake of mind, knowing that agent is the right fit, knowing that trusted advisor that's going to help you with one of the biggest investments that you have is that right person that's going to go up to bat for you, be able to negotiate for you, and all that stuff.
Dave Burnett: Well let's play this game.
Thom Dallman: Sure.
Dave Burnett: I'm coming into Core Group @ eXp Realty, and I sit down across from you or one of your agents, what do I want to ask them?
Thom Dallman: Well, let's start with the very first question, what's your name. No, just kidding. I had to throw that in there. No, I would always ask, I think that the first question you want to ask is tell me a little bit about yourself and how long you've been in the business. What brought you into the real estate business? That's a question that not a lot of people think about, because there's a difference between an agent who got into the business because they had family members that had a house to sell, and "Oh, I got in part-time just to kind of do a couple of sales here and there and stuff like that," versus that agent that is passionate. You can tell the difference between the two about real estate, about helping people find that financial freedom that comes along with real estate.
Asking that simple question, and seeing what their reaction is, will really tell you what led them into it, and find out what their passion is. If they're really, truly passionate about real estate.
Dave Burnett: Does it matter, and maybe this is a question you can't answer, typically I think I found with people who are involved with real estate, they did do something before that. Not many people come out of college going, "I'm going to go into real estate." That doesn't happen very often.
Thom Dallman: Exactly.
Dave Burnett: People migrate toward it because they find that it fits. Does it kind of matter or not? Is it more of what kind of person they are, rather than what they were doing?
Thom Dallman: I think it's a little bit more of what kind of person, but I do find that people that have lived a first life, I always call it first life, second life, a first life that's in the service industry of some sort tend to be the better real estate agents, because they're more compassionate and more passionate about the people that they're helping.
For instance, by background before I got into real estate was human resources. I was very passionate about helping people in companies, making sure that their rights are being taken care of, and so forth, so that passion translated over into real estate with that passion to help people get into homes, find that perfect home for them, help them understand and navigate through the process, bring things down to layman's terms so that people understand it. Part of that passion is what led to coming to do this radio show. It's a passion to really educate and help people out there in the industry.
Dave Burnett: Well, when you consider the time you invest in this, the money you invest in doing this, you could be out selling homes, but really this program is designed not to sell homes. It would probably be better for you to be in the office selling homes, but this program is about educating people about real estate.
Thom Dallman: Exactly. Yeah, that's why a lot of times, when you're listening to this, it's more about what's happening in the marketplace that's, "Hey, here's some tips to help you keep your home safe and sound for yourselves." It's not a pitch.
Dave Burnett: Yeah, come to Core, come to Core.
Thom Dallman: Exactly.
Dave Burnett: That's not what it's about.
Thom Dallman: Exactly. I would love for everybody to come to Core.
Dave Burnett: Yeah, hire a lot more agents.
Thom Dallman: Yeah, exactly. I know that at the end of the day, you know we're not a 100% fit for everybody, so there's saying out there that I'd rather turn you down than let you down. With agents, they should feel that way. They should want to have a client that they connect with as well, so that they communicate effectively, and so forth, which is one of the questions that you should also ask is, what's your communication style? How often will you communicate with me on our transaction?
Dave Burnett: When you say style, are you talking about what method?
Thom Dallman: Yeah, yeah.
Dave Burnett: Okay.
Thom Dallman: Whether it's texting, emailing, give me a call regularly, how often are you going to check in to me, and check in with me on what's happening out there? When are you going to give me the feedback that people are saying about my house, and stuff like that, so that kind of communication style, and not the love languages, or whatever that book is, but more of the how often, how are you going to communicate with me and how often. You may be someone who, "I don't like texting. I want everything done over the phone," but you run into an agent that all they do is text. All they want to do is send you a quick text.
Dave Burnett: At Core Group @ eXp Realty, do you work with your agents to say, "If your client wants only text, then you text," even if that's not your style.
Thom Dallman: Yes, exactly.
Dave Burnett: Yeah.
Thom Dallman: Yeah, we work really hard with our agents to make sure that they're learning the clients' communication style and working with the client in the style that they want.
Dave Burnett: Yeah, see me, I'd just as soon get a text. Send me a text. Don't call me, text me.
Thom Dallman: Yeah, I'm across the board. I'm an email, text, phone call, I like them all. Whatever way, send me smoke signals, I'll watch the sky for them.
Dave Burnett: Here comes the Pony Express.
Thom Dallman: It's been a little bit hard this week to do smoke signals with all the rain and stuff.
Dave Burnett: That's true. Okay, so find out about them, find out their communication style.
Thom Dallman: Yep, and then one of the things I always say is, ask how long they've been in the industry, if they're newer into the industry, what kind of support do they have.
Dave Burnett: Okay.
Thom Dallman: I wouldn't discount a new agent per se. Maybe if they're just fresh out of school, maybe not be the right person for listing your house, but if they have a ton of support, if they have a team leader, if they're part of a team and have a team leader that is there to answer every question, 24/7 and so forth, it might be an okay fit. If the personality's there and the marketing strategy is there, and all that stuff is there, it might be okay to have a newer agent come, as long as they have that support cell. Not just the question of, "How long have you been in the industry," but "How long have you been in the industry and what kind of support do you have?"
Dave Burnett: Any new agent listening to the program now is going, "Stop it." It really is, it's somewhere for them to go for answers.
Thom Dallman: That's why there's been this giant shift, since about 2010, onto these teams. Teams started forming around 2010, probably a little bit before that, but to where agents, brand new agents, it's so beneficial for them to join a team because they get that support. They get that someone to go to and ask questions to. It's really difficult, especially with so much competition and so many real estate agents out there, to not have that support and not have someone out there rooting for you, and answering those questions.
Dave Burnett: Is it crucial then that you get an agent that is willing to say, "I don't know, but let's find somebody who does."
Thom Dallman: I'll get back to you shortly with the answer to that, because I have that support. I can find that answer.
Dave Burnett: Support structure, make sure they have support.
Thom Dallman: Support structure, yeah exactly. Along that line, what are the, not just the support structure you have there, but what other professionals can you refer me to when the time comes. That's an important one too because ...
Dave Burnett: As we mentioned, there's going to be that punch list of things to get done to your home.
Thom Dallman: Yeah, exactly. You're going to, eventually at some point, have to find a professional to do something. Typically, traditionally, whether it's someone to help you with a mortgage, whether it's an inspector, a roofer, any of those things, it's important to have someone, a professional real estate agent that has that circle of influence, and has that connection to people and professionals that can help you with those things, to help it be less stressful.
Dave Burnett: Yeah.
Thom Dallman: Last thing you want to do is have to call up five different roofing companies to try to figure out which one's a good fit, which one's a better ... Having just a couple recommendations from a professional, that has actually used these people and worked with them in the past, that's so important, key to that referral program.
Dave Burnett: In part, because if you're selling your home or buying a home, you don't do it very often. You don't go looking for roofing people very often, so I mean for me, it's like, "I don't know. I don't know," so to deal with somebody in the business that deals with it all the time, they know.
Thom Dallman: Yep, exactly.
Dave Burnett: One more category here. What would you like to talk about?
Thom Dallman: I would probably say if you're listing your home, ask what their marketing strategy is.
Dave Burnett: Okay.
Thom Dallman: Ask what their plans are. If I go with you, and we list our house, besides just putting it on the MLS, because ...
Dave Burnett: That's easy.
Thom Dallman: Every single agent can do that, that's a requirement. That's not a plan or an option. It has to go on the MLS, but on top of just putting in on the MLS, what else do you have that is available to you, whether it's social media, whether it's Internet marketing, whether it's just word of mouth. Do you have a book of buyers out there looking, that you can send our listing to, and stuff like that. What other resources are on your marketing plan?
Dave Burnett: I would say, and this is totally me, I may be all wrong, listen to how they say it.
Thom Dallman: Correct.
Dave Burnett: I say, because if they just go, "Yeah, we could put your house on Facebook and we'll Tweet it out," I know in our conversations about Core Group Realty @ eXp, you were excited about the Pace Book Program you have there, and about the new strides ...
Thom Dallman: Yeah.
Dave Burnett: I can hear it in your voice when you talk about it.
Thom Dallman: Oh yeah.
Dave Burnett: You're proud about it, you're proud of it, and you're excited about what's going on there at Core.
Thom Dallman: Exactly, yeah. We have a bunch of great marketing programs going on right now, and we're super, like you said, super excited about it. It's fun to watch too, and watch the momentum build with those programs when you implement them, and stuff.
Dave Burnett: Yeah, so when you talk to interviewing your agent, don't take what they say just for the words, listen to how they say it. Are they excited about it?
Thom Dallman: Exactly.
Dave Burnett: It does make a big, big difference if they believe in it and they're excited.
Thom Dallman: Exactly.
Dave Burnett: Thom, if somebody wants to get hold of you, how do they do that?
Thom Dallman: Give us a call, 208-933-7777. You can go online at CoreGroupRealty.com. There's a contact us page on there for you to reach out to us via email. Yeah, anyway you want. Send smoke signals if you'd like.
Dave Burnett: It's the Idaho Real Estate Buzz, being brought to you by Movement Mortgage and the folks at Core Group @ eXp Realty. Call them today, 208-933-7777. Find out why they say, "You get more with Core."
Thom Dallman: This is the Idaho Real Estate Buzz. He is Thom Dallman the co-owner, also an Associate Broker at Core Group @ eXp. Core Group @ eXp Realty, 208-933-7777, that's the phone number. Or you can always go to CoreGroupRealty.com.
Dave Burnett: Yes, you can. We've got all the information there that you need.
Thom Dallman: That's right. He is suffering a little bit of a cold. That is any time Thom travels he always seems to get that cold.
Dave Burnett: I always have some kind of a cold when I get back from those darn airplanes.
Thom Dallman: My wife does the same thing, me? I can go and I'm fine but some people just seem to get that.
Ron Wieczorek: You're a carrier, Dave.
Thom Dallman: The third voice you hear is Ron from Movement Mortgage, equal opportunity lender. Ron joins us each and every week to talk about the money portion of buying or selling a home. And that of course would be the real estate loans that you're looking for.
Ron we've talked a lot about 2018, what has happened in 2018 and moving forward into 2019, what do you have for us today.
Ron Wieczorek: I've sworn a couple of times that I've tied a bow on 2018 but I can't help myself to just go back. Especially in this segment because I'm goin to talk about who's buying in 2019, what that looks like, where they're buying and I think in order to do that responsibly we have to talk a little bit about what happened in 2018.
I'll give the short version, if that's even in my arsenal, I know I'm long winded at times.
In 2018 we saw, I'm going to focus on the value with this and a little bit nation wide and some of the Valley. Nationwide we just went up 4, 5%. So the guy making $60,000, that family making $60,000, making $63,000. That's $3,000 more a year, on your paycheck it's another $187 bucks a month, so let's call it 200. And then we got the tax reform so there was a little bit of reprieve there in the monthly paycheck, so maybe that 200 is actually $250 more for each consumer which is great.
What happened is the interest rates, mortgage interest rates went up by about a point in 2018, home appreciation went up nationwide by 2 to 3% which doesn't affect, it jives with that number of what the income levels went up with, but what was happening in the affordability level the combination of the appreciation, and the mortgage rates had taken people that were maybe qualified for "home X" and now their budget's smaller and they can't afford it. Maybe they were bumped out, or maybe they were looking in other places for a home.
In the Valley, the numbers are a little different. We were double digit appreciation, 18% is the most prevailing number, 15-18%. If you were on January 1, 2018, if you were qualified for a $250,000 home and the rate was let's just say, just a blanket 4% or just under 4 you're looking at principal interest of about $1200 a month.
A year later that same house, nothing happened in that house, no upgrades to that house, that house is the same house in the Valley is worth $300,000 and then the rate's a point higher. So that $1200 payment became $1600.
Thom Dallman: That's significant
Dave Burnett: That's very significant.
Ron Wieczorek: That's $400 post tax dollars, that same guy that's seeing, or gal that's seeing $200 more on their paycheck can maybe getting $50 or $60 from tax reform so they're up to 60 but they're paying $400 more for a house. So if they were on the bubble at $250,000 they're no longer a buyer at $300,000. So that's what happened in the Valley in 2018.
In 2019 we've seen a little bit of softening of the prices so far, we've seen the rates have come down a quarter to almost a half percent. So now we're starting to see that person come back into the market which maybe thought towards the end of 2018, or really the middle of 2018 is where we saw the most pain with this; So now they are coming back into the market, so good news, people are back into the market, affordability is back into our sights.
Who's buying in 2019, Thom will give you a one word answer for this, who's buying in 2019? Milennials are buying in 2019, that's right. Maybe I'm getting older, I am getting older.
Thom Dallman: Older today than you were yesterday
Ron Wieczorek: I'm older than when I started this segment, so I am getting older but when I think of Milennials for some reason I think of 23 year old kids and that's not the case. Milennials are pushing 40 now, they're buying homes, they're maybe buying their second home, they have deeper pockets.
What happens with Milennials is they've started their families later in life. A lot of that leads to the fact it's dual income families, more than it was maybe when you were first getting married. All of those plans get on hold, they get into their careers they have children later; You can make a case that's more responsible, they're now into the market and 42% of the mortgage volume is coming from Milennials.
Their price point is 238 when it comes to an average loan size. That's the lowest of the tiers, I'm talking Baby Boomers, Gen X, my generation, and then Baby Boomers that's the lowest and they still have the majority of the percentage, so it takes more people at a lower amount. We're talking about quite a bit more Millennials that are in the market.
They are increasing their purchase power faster than previous generations because they waited for all those things, they are now deeper into a career and they have that more flexibility than maybe someone did 20, 30 years ago because at the start of their career they maybe had kids, maybe took a different route than they would have when it came to their career, so that's a good thing.
One of the stereotypes about milennials is everybody thinks "they're buying in the big markets, they're attracted to big markets, they're attracted to big markets, that's where they want to be.
Thom Dallman: Big city life
Ron Wieczorek: Big city life, right? That's not the case, they're not flocking to New York City or Los Angeles, they're flocking to more affordable non-traditional secondary markets.
What do you think nationwide the top of the list were? Over %50 of the home buyers were Milennials
Thom Dallman: Top of the list.
Dave Burnett: I feel like we've discussed this before
Thom Dallman: I would say Boise, because we're the top of the list of everything.
Dave Burnett: I know right?
Ron Wieczorek: I think Boise pulled out a third, a third market, I don't think we're secondary market yet.
Thom Dallman: I would like to say the Texas area because they've had such a growth, I'm gonna guess the Texas area.
Ron Wieczorek: It's in the North East.
Thom Dallman: It's in the North East?
Ron Wieczorek: It's a place I grew up not too far from, and I don't know if I would sign up to live in Buffalo New York. It's Buffalo New York.
Thom Dallman: Buffalo New York.
Dave Burnett: I was just going to say, is it somewhere over in New York area.
Ron Wieczorek: More than 50% of the new home owners are Milennials in Buffalo, close behind is Pitsburgh, Milwaukee, Cincinnati. Those are the secondary markets.
Thom Dallman: They're the steel belt.
Ron Wieczorek: They're the steel belt. Boise's on the third, we haven't broken that, we're talking about markets with pro sports teams as being secondary markets. They're not quite Los Angeles, or Miami or New York City but they're still big cities.
That's where they're flocking to, because they see a lot in that steel belt, they've got beat up when NAFTA ripped through. There's a lot of deals out there, and they're starting to gain traction again.
Pittsburg comes to my mind as doing an amazing job, they were steel country.
Thom Dallman: They had to reinvent themselves
Ron Wieczorek: And they've done an amazing job, my sister's an attorney in Pittsburg, and I go through Pittsburg and it's thriving. They've changed their whole concept of how to do business, it's a lot of financials, a lot of hospitals, a lot of that kind of business that really you need now to grow, to become that next level.
So that's where we're seeing a big concentration. You know Generation X is 1965 to 1980, that's my generation, it's 40% of the market. The Milennials put about 8% down on a home right now, that's probably the older Milennials because the younger Milennials are probably in that 3% range because they've never bought a home before or maybe they don't have the equity that any of us have bought maybe one or two homes have been able to transfer the equity.
So, 40% of the market is Generation X, and the Baby Boomers trail, they're not moving. They're only 17% of the market and that's where we talk about a lot of that log jam, and I blame my dad before on this program.
Thom Dallman: You can blame him again.
The tail end of the Baby Boomers into the Brady Boomers, and you know what I'm not going anywhere.
Ron Wieczorek: You're not going anywhere, there's 1.6 million of you that aren't going anywhere and say they're not going anywhere, and they're keeping a little over 3 million Milennials out of that home, because you're right in that price range.
I don't know you personally, you probably haven't mentioned Dave.
You're keeping a lot of people out of homes in that market and we've already talked about, there's other layers to that. After the recession builders stopped building, and when builders stop building for 4-5 years and they go underground, we saw a lot of builders go to do home remodels, because there wasn't anything to build. So when you stop building, and you have Baby Boomers sticking on their house, and my generation maybe not upgrading as quickly that inventory stops right there.
The struggle's real, I think we're starting to break glass on that a little bit. I think you're going to see in 2019 and 2020 more of those homes becomes more available. And more ground broken on those type of homes because they're starting to catch up.
Thom Dallman: The rules apply the same whether you're a Baby Boomer, Gen X, a Milennial. First thing you gotta do: pre-approval, "I gotta get pre-approved". And if someone wants to get a hold of you at Movement Mortgage how do they do that for pre-approval, find out what's involved in getting a loan? How do they get a hold of you?
Ron Wieczorek: I'm always excited to sit down, whether it's your first time buying, second time or eighth time. I've been doing this 18 years and my industry's changed a ton since the first time. Anyone that's been in a home for quite a while, that's changed completely.
How do you get a hold of me? My cell phone is 208-869-9154.
Thom Dallman: And as always you can go to CoreGroupRealty.com is the website, which is CoreGroupRealty.com you can look for Ron's name and click on there to find out more about getting that loan, and get yourself pre-approved if you thinking about buying a home, don't go about it until you do that first step and getting pre-approved.
This is the Idaho Real Estate Buzz, we will continue. Movement Mortgage one of the sponsors and of course Core Group Realty, Core Group @ eXp Realty call them today 208-933-7777, find out why they say you get more with Core.
Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, co owner, also one of the associate brokers Core Group @ eXp Realty. CoreGroupRealty.com. That's the website to go to. (208) 933-7777, that is a phone number to call. You know, Thom, we were talking during the break, we've talked a lot about home ownership and the financial benefits of having it. The tax deductions, the different things.
Thom Dallman: We have.
Dave Burnett: Because there really are, there's a lot of financial benefits of owning a home but run across an article talking about, I guess it'd be the social, the emotional, the non-financial aspects.
Thom Dallman: Exactly. Yeah. This was a really intriguing article that just came out or I just ran across, I don't know, I'm not a hundred percent sure when it came out. Oh, sorry, it does show on here October of 2017. But it talks about that social benefit of home ownership in regards to everything from family to all the way out to neighborhood community, economically as well for the community and stuff of what that kind of entails. It's a fascinating read. It's 68 pages, so it's a long read and not something that we can do in a short little segment here, but there's some little tidbits that I wanted to kind of talk about because we'd, like you said, we always talk about that financial stuff, but people don't really kind of start to think about the social aspects of home ownership.
It starts out in the study just talking, uh, kind of a little bit about, I'm trying to think of what the right word is this, but starting with kind of the home ownership rate 69% in 2005, 60% of the population owned homes.
Dave Burnett: Okay.
Thom Dallman: So a homeowner rate has gone up dramatically. I'm starting with 2000, sorry, 1940, when it was at an all time low. It doesn't have the exact percentage, but it was less than 20%, I believe, or 30% or something like that.
Dave Burnett: Right. During World War II.
Thom Dallman: Yeah, exactly. So things have obviously dramatically increased where at 69% in 2004 we saw the highest home ownership, 69%. We've since then dropped down to about 63.7%. But home ownership still prevails as one of the biggest assets in a lot of people's lives for America. to talk about all the, like 96% of the people out there that are renting right now want to eventually own a home. So, well then not a surprising number.
Dave Burnett: Well, that deals with the financial benefit, if nothing else.
Thom Dallman: Exactly. It's a goal that people are wanting to get to. But there's the home ownership relates to educational achievement in this study. They put it together a whole bunch of different studies that kind of explored home ownership versus renters and the education of the children that live in homes that are owned versus rented. And it's fascinating to find out that one of the findings that they had is for some reason, children who have parents that own homes are less likely to drop out of school, less likely to have teen pregnancies, less likely to have issues in school like fights and stuff like that. Due to what they're associating to of the mental health, I guess you could say, of their parents. Their parents tend to be less stressed when they own a home.
They tend to have a lot more sense of pride in their home and they pass that onto their kids. They have a lot more commitment to the home because they own it. And so they have the kids help in projects with the house, which tends to lead to family bonding. Tends to lead to the kids having structure and stuff like that.
Dave Burnett: There is just more stability.
Thom Dallman: There's more stability. Yeah.
Dave Burnett: The average, I think the average person's going to live in their home for at least five years. Is that correct? About five years people were actually there.
Thom Dallman: They're saying that home owners are actually owning their homes up to 10 years now.
Dave Burnett: So that's almost the duration of a child's education.
Thom Dallman: Exactly.
Dave Burnett: Having the same home, same school, same neighborhood. Yet there is a stability in that.
Thom Dallman: Exactly. The children of homeowners tend to have better math and reading skills for some odd reason. The correlates to math and reading. I don't know if it's partially that homeowners have that sense of money and math when it comes to like dealing with finances and stuff, because you tend to have to manage your money a little bit better when you're a homeowner. And so you have that more of that sense of where that money's going and calculating it and stuff like that.
Dave Burnett: You have to budget for that new-
Thom Dallman: Which you may not sit down and like talk to your kids about it, but kids listen to everything. I think that's where it kind of comes down to is kids listen to everything. When you think they're not listening, they probably are. So they get that sense of math, they get that sense of pride in home ownership. They get that sense of kind of just being there, and they get that from their parents from what they hear and what they see every day. So.
Dave Burnett: I think it's ... then I'm going to make a general statement here and it's not to upset any renters, but I think in general, when you go through a neighborhood, you can point to the ones, the homes that are rented as opposed to the ones. I know in my subdivision, you pretty much can just in that little extra effort is put into the home when somebody owns it. Because you know what, I'm not going to invest that for my landlord. Yeah. I mean that's going to be my mentality and as I've rented, I've done the bare minimum because why should I put in a new flower bed from my landlord?
Thom Dallman: Exactly.
Dave Burnett: So, you sometimes kind of find that and with that ...
Thom Dallman: And that goes into it goes ...
Dave Burnett: Get out here, and help me with the flower bed.
Thom Dallman: Right. And it goes into a little bit more of that community involvement as well. Not only do homeowners have more sense of pride in the home itself, but they have more sense of pride in the community. So, they tend to participate more in community events and they tend to go to, participate in school events for their kids a lot more when they're home owners, when they're staying there longer like you said. And the kids are going through the same schools, had the same friends. It's kind of that social networking, and stuff of that sense of community expands when you have that longevity of home ownership and living in the home longer, and that sense of pride in the community and wanting the community to be better for your kids and for your sake and for your well being as well.
Dave Burnett: Yep. And just knowing your neighbors. I think, if you are going to know your neighbors. If you're renting it there for a year, you may not pick the time to get to know your neighbors.
Thom Dallman: Exactly that. Exactly.
Dave Burnett: So that's not putting down a renter. It's kind of the way it just kind of the way it works.
Thom Dallman: It's just kind of one of those fascinating studies that talks about that. Yeah. And the benefits of home ownership and kind of how it kind of translates and trickles down to your children if you have them, your own mental health if that's too. They say that there's a sense of security that comes with home ownership. Obviously, we've talked in the past about like the freedom to do what you went in the house. If you want a paint wall black, you can paint a wall black.
But there's also that sense of security that this is yours, you own this. It's something that you can keep and invest in yourself. There's the economic advantages of the community as far as the home improvement. You have to go to Home Depot, you have to go to Lowe's to do things. Go shopping at the local furniture stores to get furniture. So, there's kind of the economical trickle down into the economy that happens with home ownership as well. And then the mental health of just knowing that you have that security of your home. A lot of people, there's a part of the report that talks about people, and the downturns and stuff, have taken home equity lines to help pay bills and stuff a while they go through an economic downturn. So, there's that sense of security that comes along with having equity in your home,
Dave Burnett: An investment.
Thom Dallman: An investment, yeah, exactly. And being able to take that equity out and invest it and to keeping yourself afloat, if you will.
Dave Burnett: One other thing, and I don't know if it's in that report or not, and by the way, I believe you're going to try to get that posted up at Core Group Realty.
Thom Dallman: Yes, yes.
Dave Burnett: So, you can eat the report.
Thom Dallman: Yeah, yeah, yeah. We're going to try to post it, it's 68 pages, like I said. So, we'll put it on this, we'll put it on the Idaho Real Estate blog that we do when we upload these segments so you can go back and listen to them. We're going to try to put it in the bottom of that page of that segment,so you can download it yourself.
Dave Burnett: I don't know if it talks about it or not. And that is, it's much easier if you own a home to own a pet.
Thom Dallman: It doesn't talk about pets.
Dave Burnett: It does not because I'd have to think because renting, then you gotta pay all the deposits and everything. So, I think probably if you're a homeowner, have a pet and the responsibility that kids and the family have to take for that pet.
Thom Dallman: Just teaching the kids, teaching kids that responsibility. It's caring for another, an animal or another person and whatnot. Yeah. It's not in this study, but I'm sure that is part of it.
Dave Burnett: It has to, it just does. Tom, if somebody wants more information about Core Group @ eXp Realty or they want the information about the website, how do they get hold of you?
Thom Dallman: It's, yeah, go to CoreGroupRealty.com. Check us out. We have all the information about us on there. Like I said, we have our blog site. You can find out more information about everything there. As well as all these radio segments that we do are uploaded in there. Or you can you just give us a call? (208) 933-7777 and we're more than happy to sit down and chat with you, answer questions, and do whatever it takes to help you out.
Dave Burnett: This is the Idaho Real Estate Buzz being brought to you by Movement Mortgage and the folks at Core Group @ eXp Realty. Call them today, (208) 933-7777. Find out why they say you get more with Core.
Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, the co-owner associate broker at Core Group @ eXp Realty. Call them today, 208-933-7777, or you can go to the website CoreGroupRealty.com. And Thom, Dan joins us again from Eagle Eye, LLC.
Thom Dallman: Yep, our preferred roofing vendor. Actually working on a project at our house right now for us, as a little fix-it project for us, which I'm very happy to have them working on. But yeah. We like to bring on our service providers, people that we've worked with and have good relationships with, and talk about tips, and get a chance to introduce them, and all that fun stuff. So, thanks for coming on, Dan.
Dan Wydner: Thanks for having me, Thom.
Thom Dallman: Yeah, for sure. So, today we're gonna talk a little bit about ... Well, let's start with your company first. Tell us a little bit, quickly, about how your company started, and how long you've been doing roofing and all this fun stuff.
Dan Wydner: So, my company started approximately one full year ago now. We had ... We were working with several other companies before I started my own company, and I just got to the point where, I didn't think that the follow up, and how the process was working, was really viable for the customer. So, I changed that a little bit, and now we started this company, and now we're driven by communication with our customers.
Thom Dallman: Awesome, awesome. Which I can testify, they are very communicative, so ...
Dan Wydner: Good.
Thom Dallman: We've had, very quick to respond, very quick to get out and check when you have issues and stuff like that, so.
Dave Burnett: Well Dan, we've talked about, Thom and I on this program before that ... Number one, you don't think about your roof until there's a problem, but it is not an inexpensive investment in your home. I mean, if you have to get your roof taken care of, there's an investment involved in it. And this time of year, we were just talking during the break about all the rain that's taken place recently, and maybe worse yet for roofs is all the snow, especially in the mountains they have right now. What kind of problems are people looking for?
Dan Wydner: A lot of the problems that you would wanna keep an eye out for is any interior water damage. And that could come in several forms. It could be just bubbling of the paint, it could be all the way to if it's dried and cracked out, and now moisture's actually coming through that at this point. Little black spots, that's a good indication that you're getting some kind of moisture inside the home. You wanna protect ... This is the number one thing that protects the home, so I would advise you to have it inspected at least every other year, if not every year.
Dave Burnett: Wow. That's something. Are there telltale signs? I mean, you talked about the fact of ... If it's just a little spot, how bad could that be?
Dan Wydner: Well, a little spot is ... It could be the only little spot you see, but inside the wall you have all kinds of space in there. So, it could be a big spot, you just don't know it.
Thom Dallman: Getting to the point where it's a spot on your wall usually means that there's been something going on a little bit longer, for it to actually build up to the point where it's a little spot.
Dan Wydner: Absolutely.
Dave Burnett: And here's a weird thing about water. It may be a little spot in your bathroom ... It sounds like I'm speaking from experience now. It may be a little spot in your bathroom, then you think, “Oh, where's that coming from?” Water travels really weird. It doesn't necessarily mean it's over my bathroom.
Dan Wydner: Absolutely. I've seen it travel as far as 30 feet before it shows an indication on the interior of the home, from something as simple as a little pipe jack that's on your roof, that exhausts.
Dave Burnett: Which ... Oh, you must have been spying on me, because it was. It was a roof vent. Or not a roof vent, but the pipe and the rubber gasket that goes over it.
Dan Wydner: Yes.
Dave Burnett: I went up and I looked in the bathroom. It's like, “Oh, that one looks good.” But it wasn't from there, it was from about 20 feet away. Then it just dried out, water going down it, running down a beam, and then was dripping on my bathroom ceiling. So, it can come from anywhere.
How 'bout all these people in the mountains that have gotten all this snow? What do you suggest for them?
Dan Wydner: They're ... Well one, it's a great insulator.
Thom Dallman: It's true.
Dan Wydner: Unfortunately, when you have that much water sitting, areas around the edges of the exterior walls are where you really wanna be paying attention. A lot of ice damming occurs from the eaves on the exterior of the home, causing water to come in. And that is the first place it's gonna come in, is your exterior walls. So you really wanna keep an eye on the interior/exterior wall.
Thom Dallman: Yeah. Do you ... So, on the news article I watched this week, there you had people actually up on their roof, shoveling snow off their roofs. Do you advise people doing that, or?
Dan Wydner: I would advise, only if you have a good safety measure in place. Obviously, you gotta remember that there's a lot of dangers. People sometimes will get caught in the snow that's going off the roof, and it takes you out, off of the roof.
Thom Dallman: Yeah, that's what I was thinking. It was like, I was thinking of an avalanche. It could turn into an avalanche, pulling you down with it. And yeah, depending on how tall your house is, it could be really dangerous.
Dan Wydner: I would definitely advise at least around the edges of the house, to pull the snow off. That way it gives the snow that's on the roof an opportunity to run off.
Dave Burnett: Well let me ask you this. When it comes to equipment to do that, there's roof rakes. I've seen, I have a neighbor that, he was throwing something up on his roof, and I'm going, “What is he doing?” It was a puck, a little black puck that was a roof puck. It was kinda like a snow melt for roofs, if you remember those.
Thom Dallman: Interesting.
Dan Wydner: Yeah, and I've seen people use all kinds of different tricks. I've seen them put ice melt in pantyhose and throw it on the roof. Especially in the valleys. It's really effective. And that's one of the leading things that the contractor's gonna tell you that's the least expensive, but most effective option.
Dave Burnett: I have done that. And all I had to do is get the pantyhose down in the spring.
Dan Wydner: The hard part is getting it away from your wife.
Dave Burnett: Yep, exactly. Where'd my pantyhose go? I don't know!
Thom Dallman: Oh my gosh, that's funny.
Dan Wydner: No idea. I seen them on the roof.
Thom Dallman: I think they might be up on the roof, honey. Sorry.
Dave Burnett: I guess as we go further into spring, just really take an eye, or have somebody, a professional come take a look.
Dan Wydner: Absolutely. So with the rain, and the extreme temperatures we get between cold and hot here in the valley, and up in the high mountains, you really wanna keep an eye out on pipe jacks. Those are the number one things that, with thermal expansion, go out first. They begin cracking, all of a sudden you have water intrusion, and it's a super easy, inexpensive fix. It's just a matter of getting a professional out there, and making sure it's done right.
Dave Burnett: There you go.
Thom Dallman: So, when you go to inspect a roof, do you go up into the attic space as well, to check the underlining of the roof, to make sure that there's no damage there? Or do you recommend them doing that?
Dan Wydner: I would recommend having someone take a look at it, just 'cause they know exactly where to look, and what signs to look for. Most of the time if I'm on a roof, I can pretty much tell you if you're having any issues with water coming in. Now, if there's a sneaky issue, and maybe it's something I haven't seen before, I will get into the attic if they actually have water. But typically, we know from the top. Obviously you're gonna have some kind of a bruising, you're gonna have some cracking. So there's always gonna be a telltale sign.
Thom Dallman: Okay, cool.
Dave Burnett: Dan is with us with Eagle Eye, LLC. I guess my dad always told me, never ignore a squeak, 'cause it's a sign of something bad going on. Never ignore a water spot in your ceiling or walls.
Dan Wydner: Absolutely not. I would say this is one of your most expensive investments that you've made, and the number one thing you wanna protect. And just like a mechanic fixing your car, you don't always wanna be the DIYer, trying to fix leaks, 'cause a lot of times we end up doing double the work.
Thom Dallman: Exactly.
Dan Wydner: So.
Dave Burnett: Yeah, I patched this, Dan. Up here. I think it's okay. And it's like, oh boy.
Thom Dallman: You patched the wrong side.
Dan Wydner: Yep.
Dave Burnett: So, this time of year, I would image, fairly busy for you, as people are discovering, “Uh-oh! We got a leak.” But if somebody wants to get hold of you, course one of the vendors, you can always go to CoreGroupRealty.com to get that. But if they see you out and about, kind of vehicles your company drives?
Dan Wydner: You're gonna see a big, white Ford with the big logo, says Eagle Eye across the side of it. And then, our office number is 208-410-6888, if you wanna call us directly.
Thom Dallman: I was just picturing people running down the street, chasing after you going, “Hey! I have a roof that I need inspected!"
Dave Burnett: That's all right. Dan'll take that.
Dan Wydner: I get those.
Dave Burnett: Yeah.
Thom Dallman: Exactly.
Dave Burnett: Well, you know. Really, if you got a leak and somebody comes through the neighborhood, that's like, okay. My neighbors trust him and I will too.
Thom Dallman: Yep, yep.
Dan Wydner: All right. You know.
Dave Burnett: That really is one of the things we were talking about earlier, with ... You know, with your home, not very often do I have to deal with my roof. So for me, to go for somebody for my roof, I'm just guessing. It's just pointing to a name in a phone book. But, with Core Group's preferred vendors, you guys have experience with these folks, and a trusted vendor.
Thom Dallman: Exactly.
Dave Burnett: Go to CoreGroupRealty.com. That is a website for you to check out. Or of course, you can call 208-933-7777 and say, “Hey. Dan the roofing guy from Eagle Eye was on there, and I need his number.” And they can get you that number as well.
Dan Wydner: Yep, exactly.
Dave Burnett: And do that for you. Dan, thank you so much. We'll let you get back to work, 'cause I'm sure you've had a busy, busy week.
Thom Dallman: My house needs to be fixed.
Dan Wydner: Thank you.
Dave Burnett: This is the Idaho Real Estate Buzz, which we get to do this each and every week at this time. We do appreciate you stopping on by. Being brought to you by Movement Mortgage, and of course Core Group Realty @ eXp. Call them today. 208-933-7777. Find out why they say, “You get more with Core.”
Core Group at eXp Realty