Ron Wieczorek is here to share the results of a survey done by Lending Tree about being debt-free vs. owning that dream home! He also chats a little about the most popular side hustles right now.
Thom and Dave have some interesting info on the current real estate market in the Treasure Valley along with some compelling reasons to buy a home rather than renting. they also have some great pet safety advice as we are in the middle of summer.
Dave Burnett: This is the Idaho Real Estate Buzz. He is Thom Dallman, he's the co-owner, also an associate broker at Core Group Realty at EXP. The website, CoreGroupRealty.com and the phone number, 208-933-7777, that's the phone number for you to call, if you want to ask anything about the show, about real estate questions, you may have, somebody there ready to answer your call.
Thom Dallman: Yep, someone's always standing by.
Dave Burnett: Well new listings for us as we head into the weekend.
Thom Dallman: Yeah, if you listen to the show. You know we always start the radio show out with kind of our new features, new things going on in the market place and stuff like that. So we actually do, did get a house listed this week, double check our website to make sure it's still available because you know homes are going quickly sometimes. So especially in this low inventory that we have right now. But this one's in that, in that price point that's super, super desirable. $260,000. It's out in Charter Pointe, it's 9174 West Patine drive. It's a three bedroom, two and a half bath, 1600 square feet, 1650 almost. And it's just great usable space, maximizes all the usable space inside and out. It's on 0.13 of an acre so, not too much acre to have to worry about, you know, all that maintenance but still big enough to actually be able to enjoy it. The way that the lot is set up too, it has a large backyard so there's plenty of room for everybody.
So if you're aware of Charter Point, that's a great subdivision that's out there in South Boise it has a great, you know, the walking distance, most of the houses are walking distance to the school, they have a school right there as well as you know, great community centers like parks and the swim pool and stuff like that. So it's a great community for people that are looking.
Dave Burnett: And at 1600 square feet and that price point, that's a very comfortable home for the, you know, the typical family that maybe has a couple of kids.
Thom Dallman: Exactly.
Dave Burnett: And very comfortable and man, I didn't think I'd ever say it, but to find something in that price range, that's a bargain, right now.
Thom Dallman: That's, yeah, that's huge. So ... yeah, so check it out, you can go to CoreGroupRealty.com and see our featured listings will be listed there, if you want to see pictures and stuff like that. It does currently have tenants in it. So it is an appointment only setting. So you do need to contact one of my agents to be able to get into it and see it. But-
Dave Burnett: On the website-
Thom Dallman: Yeah.
Dave Burnett: Now it's kind of obvious question though, but if something is sold, you put a big sold sign on the picture. How does that work?
Thom Dallman: Yep. It usually, well it'll actually not show up there, it'll just disappear so if you go on there and you don't see it, then that means it's probably sold.
Dave Burnett: Gone away.
Thom Dallman: Exactly.
Dave Burnett: But the good news is you can look at all of the featured listings with Core Group Realty and have access to the MLS and all of the, all of the listings throughout the valley.
Thom Dallman: Yeah, you'll have access to all the current listings that are available out there and see kind of what's available and you can do searches by price point by areas. You can actually click on the map and do a map a circle if you know like, hey, I want to live, you know, in between a You Stick and You Stick and Overland, you know between Five Mile and Maple Grove. You can just do a little square and square it off and find out all the homes available.
Dave Burnett: Okay. If you're new to the program, you can find all this information at CoreGroupRealty.com, and if you're driving, can't remember it. It is Core with a C, C-O-R-E, CoreGroupRealty.com and you can check out all of this information about these homes as well.
Thom Dallman: Correct.
Dave Burnett: One of the things we do know and you talk about, you know you got a new listing and it's like okay, they get a new listing. Okay. That's because listings are tough to come by you guys.
Thom Dallman: They're super tough to come by. I'm really proud of my team for the listings that we have been able to get and we're working on. We have some listings that are coming up, but we have such an inventory shortage, especially in those lower price points. There's just not much available. As, ... as this low inventory situation continues, we have few and few people listing homes, fewer and fewer people listing homes. It's driving our median price points up. It's crazy how, how high our median price points are getting right now.
We just, the Ada county, sorry, Boise Regional Realtors just released the newest numbers for a June, Ada county has reached an all time high, median price point of $354,000.
Dave Burnett: Wow.
Thom Dallman: So our median price point. So, and the, you know, it's the record high. It's 10% over the same month last year and it's due to this lack of inventory, lack of ability for, you know, there to be those homes. So people are being forced into those higher price points to be able to get into a home that they want. But luckily that's offset a little bit with the fact that you know, interest rates are so low and it's so affordable to still get into a house.
Dave Burnett: Give me the positive side on this because I know the Statesman, the local paper I should say came out and their banner was 80 county home sales fall, second straight month those prices set yet another record. Came out with a very negative, to me that was like, oh my goodness, run for the your life.
Thom Dallman: Right.
Dave Burnett: But there was a positive side on this.
Thom Dallman: Well there's a positive side definitely for the homeowners because obviously you have a lot of equity being built into your home and a lot of ability to get that equity out. Whether it's through refinance, whether it's selling or if you're upgrading, you know, if you need to upgrade your home or you know, downsize, whatever situation you're in, you have that ability to do that in this with this high, these higher price point markets.
And really on the bias side, they don't talk about the fact that the interest rates are so low. You can get into a house, you know, with some great programs out there with very little money down and still have great payments, even less than rents. Rents are going too, but they're not talking about how rents are going up and going crazy. It's almost, you know, there's in some certain price points you could buy a house cheaper than you can rent one of the same size.
So there's definitely, definitely some checks and balances and some benefits and pros and cons to each side. So yeah, the news likes to report all the negative parts of it.
Dave Burnett: Exactly that's kind of the way the media works.
Thom Dallman: And stuff like that. So, yeah.
Dave Burnett: But I guess, I guess what that points out to me again, and I've talked about this before, it really points out the need of getting a good real estate agent. And whether you go with Core Group Realty at EXP or whoever you, you go with, get somebody who is qualified, somebody who's got their finger on the pulse of what's going on, not just kind of a, I hate to say, but not just kind of a part time agent. You get somebody who really is in it and is dedicated to just be a hound dog who is finding a property for you.
Thom Dallman: Exactly, yeah. You have to have someone that's dedicated to watching that, who can, you know, has the ability to get you those listings as soon as they come on the market. Because that's the key,, is being able to see a house as soon as it's listed as soon as it goes live and you being one of those first people out there to make an offer, but also someone who's knowledgeable in negotiations. What does it take to, and when you get into a multiple offer situation to outbid everybody else? What things that can you add or do that aren't going to cost you too much but still get, you know, make you look more attractive to the seller and stuff?
Dave Burnett: On this program and on some of your blogs at CoreGroupRealty.com you talk about that now, and I say this with a bit of trepidation and hesitancy because I, I know there's agents for other companies that listen because I know personally of two, or maybe three that listen to this radio show. Just picking up little tips, you know? Yeah. Again, they're dedicated and they're finding any sources they can, but there, there are some things that you can do that can help you if you get into a bidding war or if you're, you know, in that situation where you're competing for a home.
Thom Dallman: There are definitely things that you can do and definitely things that your real estate agents should be helping educate you on what those things are to help you with your, your offer to make it look more interesting to the sellers.
Dave Burnett: Now on the reverse side, if you're selling a home, it's an easy time to sell your home, but I don't want to be ripped off, I want to know I'm getting the proper value for my home.
Thom Dallman: Exactly. Exactly. And that's one of the misconceptions that some sellers we keep, we run into with some sellers is that they get this idea that, oh, the market, it's a sellers market, I can price my house whatever I want and you know, get whatever I want for it. But that's not the case. It still has to be priced fairly and according to the market and what the surrounding houses are. Especially if you're getting, you know, a buyer that has a loan on the house. Now cash offers, like I've heard some really ridiculous things recently. I was at, somewhere at a conference and an agent told me like he was shocked that he had listed a house with numerous offers on it. This is in California, I believe it was, ended up with a cash offer, $100,000 over the asking price, and I think it was listed at 500,000 if I'm not mistaken. So they got a $600,000 offer all cash, which you know, they didn't have to worry about-
Dave Burnett: Cash is king.
Thom Dallman: Yeah, cash is king. They didn't have to worry about an appraisal or they didn't have to worry about, you know, it, you know, matching the marketplace. The buyer was willing to go $100,000 over just to have that particular house. So now I know that's now that's a like way exaggerated example. That's doesn't happen very often.
Dave Burnett: But do we see more of that with, with people coming to the Treasure Valley out of California now to some areas where homes are worth a lot more, you know, I think we've all run into those people that, you know, they sold their home in California for $800,000 it would sell for $300,000 here. So they're coming in with more cash to put down. Are we seeing some of that?
Thom Dallman: Oh yes. Yes. We have been seeing that for the last couple of years and even more so, I feel like in the last year, a lot more of those people who are, you know, I don't know how to say this except for escaping the, you know, politics and whatnot down in California and the crazy, you know, the marketplace and taxes and, prices and stuff, but they can, they can sell their homes and buy an equivalent home for about half the price here. And they know that. And it's, you know, it's common knowledge and so-
Dave Burnett: It's something-
Thom Dallman: And we're not the only, they're not just coming here. They're going to Arizona, they're going to Denver, you know, they're going other places. But Boise still continues to be one of the most affordable places that they can invest their money in and have a good living. Like that's what we're, we pride ourselves on is, you know, having a beautiful city that we can go and have a lot of adventures and a lot of, do a lot of stuff outdoors.
Dave Burnett: Yeah.
Thom Dallman: And that's what attractive, that's what's attractive to people.
Dave Burnett: A lot of natives, those have lived here for a long time. It makes their blood boil that, that's happening. But you know what, if you were living in a city where your commute was an hour and a half to get to work, and if you could escape, you would too. Let's be honest.
Thom Dallman: Exactly.
Dave Burnett: You know you would too. So I guess it's the situation we find our self in and you just got to make the best deal and hey, if you're looking to escape and get out of the out of the metropolitan area, it doesn't take long to get outside the city limits, find yourself in the country home and you know what? I know you have them at Core Group Realty.
Thom Dallman: Yes we do. We have several of them available. We have lots available that you can go build your own home on and escape and get out there and to, you know, into the more rural areas so that you don't have all the headaches, if you will, of the metropolitan area. But yeah, there's all kinds of options available.
Dave Burnett: The place to find that CoreGroupRealty.com that is a website or call (208) 933-7777 just tell them I want to talk to an agent or I want to talk to Thom or somebody there about country living. I want to talk to him about it. Core Group Realty at EXP, one of the sponsors of the program, along with the folks at Flagstar Bank. We'll talk to Ron coming up in just a few moments to talk a little bit about what's happening in the money market world and who's buying homes, who's not buying homes and what their dreams are. We'll do that as we continue. It is the Idaho Real Estate Buzz. 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, also an associate broker at Core Group Realty. CoreGroupRealty.com is the website, Core Group Realty @ eXp, of course, the company, and each and every week we get a chance to talk to Ron at Flagstar Bank, which flanks our bank as a equal opportunity lender.
Ron Wieczorek: Yes, it is.
Dave Burnett: We have to say that.
Thom Dallman: They will help anybody who needs help.
Ron Wieczorek: I will.
Dave Burnett: That's right. I need help.
Ron Wieczorek: And it hurts me if I can't.
Dave Burnett: Exactly. Well, Ron, we're going to take the shotgun approach today, potpourri a little bit of everything, but you were talking during the break about something that is absolutely fascinating.
Thom Dallman: Kind of an interesting little statistic that you shared.
Ron Wieczorek: I like to read a lot of articles and dive into those articles and just kind of see what the temperature of ... Now we already know Americans like to spend, but just kind of see what people's attitudes are out there when it comes to buying a home and when it comes to their debt load. And I guess I have a front row seat to it every day. So I'm kind of immune to some and some of them shocked by, some I'll never be shocked by, and then some I'm impressed by.
But they came out with a poll recently, Lending Tree did, and it was if you had the choice to live absolutely debt-free or your chance to live in your dream home and have it mortgaged, what would you do?
Dave Burnett: Debt-free or live in my dream home.
Ron Wieczorek: Or live in your dream home and you have your debt, right? And probably a lot of it cause your dream home is probably not inexpensive.
Dave Burnett: Exactly, and that should be a no-brainer.
Ron Wieczorek: What's your brain saying?
Dave Burnett: Debt-free.
Ron Wieczorek: Debt-free. What are you thinking, Thom? Thom wants that dream home.
Thom Dallman: I would say more people want their dream home than are worried about being debt-free.
Ron Wieczorek: Yeah. Over 50% of Americans would pick their dream home over living debt-free.
Dave Burnett: Over 50%.
Thom Dallman: Over 50%.
Ron Wieczorek: Like 53%-
Thom Dallman: That doesn't surprise me.
Ron Wieczorek: ... would pick their dream home.
Dave Burnett: Way to go, America.
Thom Dallman: Right?
Ron Wieczorek: So what I got out of that is Dave Ramsey has a lot of work to do, because he has not reached these people yet.
Thom Dallman: Exactly.
Ron Wieczorek: If you don't know, he preaches being debt-free. So that was one stat. And then I read, they did a little more polling, which you touched on, are newer generations being tied to technology and hooked on technology? Only one in five would give up their smartphone in order to live in their dream home. So half say, "Give me the debt. I want my dream home. Don't take away my smart-
Thom Dallman: But don't take away my smartphone.
Ron Wieczorek: Yeah. Over 80%-
Dave Burnett: Wow.
Thom Dallman: Wow.
Ron Wieczorek: ... said, "Don't take away my smartphone.
Thom Dallman: And this was all millennials?
Ron Wieczorek: No, no, it's not. Not millennials. Geez, Thom.
Thom Dallman: We were referencing millennials and generations during the break.
Ron Wieczorek: Yes. No, so this was just in general.
Thom Dallman: Oh, in general, Americans are addicted to their smartphone.
Dave Burnett: Don't take my smartphone.
Thom Dallman: I personally don't think I could live without my smartphone.
Dave Burnett: I have to say this. If I forget it, I feel naked. I'm just patting my pockets continually.
Thom Dallman: Exactly. It's almost the same thing with a watch. When you wear a watch for so long and then all of a sudden you don't have it and you keep looking at your wrist. It's the same thing.
Dave Burnett: Watch? I got a smartphone. What are you talking about?
Thom Dallman: Yeah, well, my watch connects to my phone.
Ron Wieczorek: When I do wear a watch, it's funny because someone will say what time it is and I reach for my back pocket and I look at my phone and I said, "It's 8:30."
Dave Burnett: That's just amazing, though. One in five.
Ron Wieczorek: One in five say don't take away my ... Only one in five would give up their smartphone in order for their dream ... We're talking about your dream home. You could get a not-so-smart phone. It's not taking away the ...
Thom Dallman: It's not taking away your basic phones and flip phones.
Ron Wieczorek: Yeah. And then less than 50% would give up chocolate, social media, eating out, or going on vacation to buy their dream home. So there's some sacrifices people aren't willing to make.
Dave Burnett: Well, now you're back onto the Dave Ramsey theory of sacrificing going out to eat or whatever to get that dream home.
Ron Wieczorek: And you probably, for your dream home, when they poll people on what their dream home is, it's typically more often than not, it's in over a million dollars. So that's kind of what they're targeting. You mentioned, are they interviewing millennials?
They are. To be fair, I said no immediately. But they are interviewing potential home buyers, and the majority of potential home buyers are millennials. So this is probably stacked with a lot of millennials answering these questions. So it is geared towards that.
Thom Dallman: So they stack the deck.
Ron Wieczorek: I don't know if they stack the deck.
Thom Dallman: No, I'm just kidding.
Ron Wieczorek: It's the audience, right?
Thom Dallman: I think that's probably the same. It could be said for a lot of generations, a lot of people out there.
Ron Wieczorek: Yeah.
Thom Dallman: Especially Americans. We get addicted to our technology and our eating out.
Dave Burnett: Yeah.
Ron Wieczorek: And it's funny because the other today, and I won't use names, but I remember I had a client and we had something urgent. We had to get some documents done and I left no less than three messages, sent a few texts, and no response that day. The very next morning, get a call and I was like, "What happened yesterday? Were you tied up at work?"
"Oh, I left my phone in my girlfriend's." I'm like, "What? I can't go get the mail without my phone, much less you were without it for 12 hours and you didn't die? How is that even possible?" So it's not everyone.
Dave Burnett: My wife is one of those. To her, the phone is when she needs to make a call, she uses a phone. But otherwise, she couldn't care less.
Thom Dallman: That's crazy. I have some clients that I'm working with right now that I can't get them on the phone. All I can do is get them on Facebook Messenger. They will not respond to texts or phone calls very often. It takes him forever to respond. But if I message them on Facebook Messenger, they always respond right away. I'm like, "This is interesting."
Dave Burnett: That is an interesting avenue of choice.
Ron Wieczorek: And that's something we all have to be conscious of, especially in sales. I guess you don't really have to be, but in sales we have to figure out what line of communication is most convenient and what they prefer, whoever it is, prefers to ... Like whether it's me with texts or phone calls, it might be email for some people, it might be Facebook Messenger for someone else. I'm starting to reach to the depths of my social media. I have nothing else behind it. I don't know what else exists.
Dave Burnett: Instagram.
Thom Dallman: Instagram, Snapchat.
Dave Burnett: Here's a little push for both of your companies, for Core Group Realty @ eXp and for Flagstar. You both really have all avenues open to you, whether it's text, whether it's email, whether it's snail mail, whether it's Facebook, both companies have all avenues available.
Ron Wieczorek: Right. Now I'm gonna switch gears a little bit cause I don't want us just to think we love to spend money and we're just being reckless. That's probably pie in the sky, right? That's your dream home, and it's fun to answer those questions saying, "If I had the opportunity to live in my dream home," because most people don't get that opportunity to live in what they consider their dream home. Some people might be in what other people consider a dream home, and they have another dream home on top of that that's maybe just more flashy, more expensive. So it's all relative.
Potential home buyers are doing what they need to do to buy a home. It's becoming more and more popular because after 2008 there was a huge sediment that buying a home is no longer a good investment. And that resonated with a lot of people for a while. Now it's starting to come back to where, okay, this is what my dad was talking about before, that buying a home is a good investment, or my grandparents or whatever, because they were just so snake bitten by that.
But now it's getting, we talked about side hustle, which is a second job, and there's more and more people that are saving for down payments by getting a second job. Popular methods to earn extra cash, you know on the side. What do you think the number one way to make cash on the side is?
Dave Burnett: Legally, you mean?
Ron Wieczorek: Legally, yeah. Let's keep this clean, Dave.
Thom Dallman: I'm going to say Uber. I've talked to so many people who are Uber drivers, have full-time jobs, they do Uber on the part time just to get extra cash to help-
Ron Wieczorek: Of the top four, that's number three is driving for a ride share.
Thom Dallman: Your turn, Dave.
Dave Burnett: Oh, funny. Take the easy one.
Ron Wieczorek: It was easy.
Dave Burnett: Well, I would say probably just a part-time retail job.
Ron Wieczorek: Okay.
Thom Dallman: Part-time retail.
Dave Burnett: Does that count?
Ron Wieczorek: Starting a small side business is not that. So that's number two. Selling items online. A lot of people are are selling items online to-
Dave Burnett: I can see that.
Ron Wieczorek: ... get extra money, and that's 37%.
Thom Dallman: Selling what kind of items, though? Like personal items? I just found Facebook Marketplace recently, and cleared out my garage. I sold a whole bunch of stuff, made about $2,000 out of stuff out of my garage.
Ron Wieczorek: You're a part of this 37%-
Thom Dallman: Yes. There you go, I got it.
Ron Wieczorek: ... and I think that's what that is.
Thom Dallman: I'm on there.
Ron Wieczorek: I don't think it's anything mischievous. I think it's really just things that maybe in their past they have no use for, or maybe they upgraded something and they're like, "You know, it's sitting in the garage, sitting in storage." I still have a storage unit. I'm embarrassed to say how long I've had the storage unit and there's ... I paid more over the past three years for this storage unit than what's in that storage unit. So it's kind of embarrassing that that's a thing and I should join this 37% club because I really need to get rid of a lot of things.
Thom Dallman: It's super easy.
Dave Burnett: I have a daughter that has kind of started an online business selling ... She sells, what do you call it? Like tee shirts and coffee cups and things, which she has a little machine that puts it right on there, and is doing a side business.
Ron Wieczorek: She's part of two of them. She's part of the 37% of selling things online and the 21% of a small side business. That's extremely popular. The number four on the list was dog sitting or dog walking. Some people are finding extra cash by doing those kind of things.
Thom Dallman: Wow, interesting.
Ron Wieczorek: That's a big market.
Dave Burnett: Dog walking.
Ron Wieczorek: Dog walking or dog sitting. Think about it.
Thom Dallman: I mean, we hire a dog sitter all the time when we go out of town and house sit for us, because we have plants that we need watered and we don't like our dogs to go to boarding houses and stuff like that.
Ron Wieczorek: Sometimes when you do the math on the boarding versus having somebody, maybe it's a college student that lives with their parents and they like your home better and being away. It's not like you're paying what you would pay a boarder, and you know the care they're getting and you're not exposing that dog to an environment that may or may not be harmful. And I'm not saying it is, but you never know. So that's become a big business.
Dave Burnett: But all are forms of side hustles.
Ron Wieczorek: Yes, all side hustle. Plus, with dual income families and, say, both spouses are out all day and you have a dog that has to be crated and they have to be let out-
Thom Dallman: Poor dog.
Ron Wieczorek: ... it makes sense to get someone in there. Looks like I got put on pause.
Dave Burnett: No, that was me. I put myself on pause for a second. I was just checking our time on our segment. So these are things that people are beginning to do right, or getting done.
Ron Wieczorek: Yeah. I just wanted to kind of do the dream scenario and then bring us back to life and saying it's not people being irresponsible, it's just kind of a pie in the sky. And we are seeing that potential homeowners are now hustling to do what they have to do. So a lot of the stigmas, you know, new generations are lazy, I don't believe that. It's just they do things differently than my dad did and his dad did, and they're not going to a factory for 40 hours a week. They're doing things differently and making money in different ways, and that's okay.
Dave Burnett: And in some ways, smarter.
Ron Wieczorek: Yeah, right? Do what you like. Yeah.
Dave Burnett: My daughter, she does that second thing so she can do it at home in the evening, and she's not taken away from the house.
Ron Wieczorek: Just cause it's different, doesn't make it bad.
Dave Burnett: Get off my grass!
Ron Wieczorek: Exactly. I've heard you say that more than once.
Dave Burnett: Hey, Ron, if somebody wants to talk to you there at Flagstar to take out a loan, to find out if they qualify for a loan, how do they get hold of you?
Ron Wieczorek: My cell phone is always on me. Direct is area code (208) 869-9154.
Dave Burnett: Thanks Flagstar Bank, one of the sponsors of the Idaho Real Estate Buzz along with the folks at Core Group Realty at @ eXp. 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, also one of the executive, I guess. What's your official title?
Thom Dallman: Associate broker.
Dave Burnett: Associate broker.
Thom Dallman: I guess I kind of ... what's the term when you get pushed down in a job? Down a level?
Dave Burnett: You demoted yourself.
Thom Dallman: I demoted myself from designated broker to associate broker.
Dave Burnett: And the reason being is you have more time now.
Thom Dallman: Yeah. I have more time to focus on my agents and helping them to be better for our clients and really making sure that our clients are getting the best experience that they can when they come to Core Group.
Dave Burnett: I know when you made that change, when you went and became Core Group Realty at eXp. I know you thought a lot about it. We've talked off the air about it, thought a lot about it.
Thom Dallman: It took me months to make that decision.
Dave Burnett: Yeah. And about the fact that, I want to say it wasn't a demotion so much as just stepping back and allowing somebody else to carry the paperwork, that overhead so that you could invest more time in helping your customers and your employees.
Thom Dallman: So exactly.
Dave Burnett: Not a move taken lightly by you, Mr. Dallman.
Thom Dallman: Nope. Nope. It was not and but it's something that I have been very happy that I did. I'm going and coming up on our one year.
Dave Burnett: Has it been that long?
Thom Dallman: It's been that long.
Dave Burnett: Wow.
Thom Dallman: September will be one year since we did it. So, and I haven't regretted it a single bit. It's been such a great experience for us. eXp Realty has been such a great brokerage for us to be with. I love all their concepts and their future planning and stuff like that. And I don't know if I actually have told you this, but recently we were at their summit shareholders meeting, and they have announced that they're actually expanding into Europe as well as Australia, soon. So, we're super excited. They're opening up in two more providences in Canada this year as well. So we'll have five providences. They just announced that we just surpassed the 500 agent mark in Canada. So that's after only, being up there for a year. So, we're going global and that it's really an exciting time to be a part of this brokerage.
Dave Burnett: It really is a case of things are changing everywhere.
Thom Dallman: Yes. Everywhere.
Dave Burnett: The way business is done, the way companies work, it's all changing.
Thom Dallman: We talked about a lot about, even 10 years ago, real estate was done so differently than it is nowadays with technology and just, everything that we have accessible. When we talked with Ron and them around earlier about, smart phones, nobody can leave their smartphones behind. Everything is done online. Everybody's looking online. And so to be a part of a company that's forward thinking and actually grasp that concept and that has always been a part of Core Group's philosophy. We've always been, that tech savvy brokerage that is using the newest and latest systems and innovations to help our clients and help our agents and so forth. So to be able to merge into-
Dave Burnett: And that changes weekly.
Thom Dallman: Yes. Oh yeah.
Dave Burnett: The new things that come out.
Thom Dallman: Oh yeah. And that's why I tell my agents all the time, you need to go to these conferences. And that's why I attend a lot of them, as to see what's changing, what's new, to keep tabs on the industry and make sure that we're staying on top, of what's out there and stuff like that. And that's what ultimately brings us back to our home search site for people to go, and be able to look at homes, and be able to do it in a very easy way online, and have that system for them to be able to look at the most active new listings and stuff like that are happening out there.
Dave Burnett: Makes a huge difference when it comes to buying and selling homes.
Thom Dallman: It is huge.
Dave Burnett: Somebody gave advice to me at one time. You want to be ahead of the curve, you want to be ahead of the wave. You don't want to be buried by the wave.
Thom Dallman: Exactly.
Dave Burnett: And that's really what becoming Core Group Realty at eXp is. Getting ahead of that curve and ahead of the wave. So, not where we've been to start going on this to say [crosstalk 00:04:05] up there, give you a little background about the Core Group Realty at eXp, but we did want to talk about buying versus renting.
Thom Dallman: Yeah, we talked about this on occasion about the pros and cons of, buying versus renting. I really wanted to kind of focus on a lot of the pros, because rents are just going up just as much as house prices are. But in those entry level homes, in those beginner homes, the homes are... and especially with the low interest rates right now, are so much more affordable and you're investing in yourself when you buy a home. You can actually find some homes out there, that are renting for higher than what you can get a mortgage payment on, and stuff like that.
Thom Dallman: And so there's definitely some pros into buying versus renting. So if you're out there renting and you're on that verge, I would not hold off. I would really look into it and see what you can do and what you can get for, the same price of what you're paying for rent.
Dave Burnett: And I'll put a plug in here, give Tom and his folks a call at Core Group Realty at eXp. You can have a free consultation. And I think I know your people, enough of your people, in the office at Core and I know you, that if somebody sits down to consult and in buying really isn't right, and you're not going to try to sucker them into it.
Thom Dallman: No. We're not going to. We're going to figure out what's right with you. And that's why we love our preferred lenders as well. Our lenders that, that we partner with have that same philosophy. They're not going to sit here and force you into a mortgage that you can't afford. I've actually heard one of them, tell a client before, "Yes you can afford it, but do you really want to be strapped, into this house and not be able to go out to dinners, because I can see from what you've given me is financial and lifestyle that you'd like to go out and eat and stuff like that. By taking this higher price point home that you are qualified for, you're going to have to skip out on some of that stuff." I've heard lenders talk, the lenders talk our clients down from those high price points, into a more reasonable something so they don't have to give up lifestyle.
Dave Burnett: But the pros when it comes to buying, list some of the pros to me, if somebody is on that verge and thinking, should I buy? What are some of the pros?
Thom Dallman: Yeah. Well obviously there's, you're investing in yourself. Any way you look at it whenever you rent or whether you're buying, you're paying a mortgage, whether it's your mortgage or your landlord's mortgage. So you're actually investing in yourself, you're paying your own mortgage, you got your tax incentives. We talked about that. There's certain tax incentives, being able to write off your interest rates-
Dave Burnett: Property taxes.
Thom Dallman: If you do upgrades to your house and certain things will... Our tax write offs that you can do, especially if they're energy efficient upgrades and things like that. The fact that you can even do those upgrades to your house, you don't have to ask your landlord's permission. Is a pro? You can go paint your house black if you want. And with-
Dave Burnett: Inside, if you want to paint it flaming red, you can do that on the inside.
Thom Dallman: Yeah, exactly. So you have that flexibility, that home ownership, pride of being able to do whatever you want in your house, to a certain extent. Nothing illegal out there, but it really kind of helps you to be yourself and to be in control of your home. Never having to ask your landlord, never having the fear of your landlord kicking you out. There's that concept, I hadn't really thought about that in the past. But if you think about it, especially with some of these people that we've helped sell recently who have tenants in their house, they're like, how do we tell our tenants that we want them to move out so that we can sell the house.
Thom Dallman: There are certain things that they have to follow, guidelines that they have to follow, give certain notice and stuff like that. But now the tenants are here with a 60 day notice or a 90 day notice that they have to vacate the premise because the house is being sold and stuff like that.
Dave Burnett: Well, I had one of my kids, they were renting and they got a note saying that as of, whatever the date was, your rent's going to go from $900 a month to $1,300 a month, so you can either pay it or you move.
Thom Dallman: That's crazy. Or get out? Yep. Well see, and that's another thing, when you buy a house, your mortgage rate is fixed. It's a fixed mortgage that you know that for as long as you have that loan, you're going to pay the same amount unless you get a balloon loan, which doesn't happen very often nowadays, but yeah, you always will have that same amount. You never have to worry about inflation, you're safeguarded from inflation on and from rents going up.
Dave Burnett: And truthfully with that, if you're paying, you know, if you're paying $1,000 a month for a house payment, and if things go the way you should go, you should be getting raises suddenly. If that thousand dollars a month is a lot, four years from now, that thousand dollars is going to look pretty good.
Thom Dallman: Yeah, exactly.
Dave Burnett: So just over a little bit of time, a little sacrifice there. Suddenly you have a... and then you have the equity built into.
Thom Dallman: Exactly. Exactly. One of the most interesting concepts that I hadn't really thought about before either, and I read in an article recently, was this idea that you can... that homeowners actually buy or spend less in furniture and stuff for the home when they own a home versus when they rent.
Thom Dallman: And actually as I read it, I'm like, "oh, that actually makes sense." If you think about the fact that most renters on average have to move, either every year or every two years for certain things like that, maybe the rent gets increased to where they can't afford it and they have to move or landlord kicks him out or whatnot. So every time a renter moves, they have to go buy new furniture, new things to fit into the new house that they're in or the apartment that they're in.
Dave Burnett: Couch doesn't fit suddenly.
Thom Dallman: Yeah. All of a sudden, find a rental and they will really like it. They get in to find out that their couch doesn't quite fit and so they have to now go buy a new couch or maybe it's even a smaller house, smaller living room.
Thom Dallman: Whatever it is, whatever the situation is, homeowners, because they live in their homes for 10 plus years right now, they buy less furniture because they have the same furniture that they live in. And when I thought about it, I'm like, "Well crud, yeah, I've had the same furniture." We had our furniture for about six years now. It's probably due time to do, to get some new furniture.
Dave Burnett: RC Willey's on the phone.
Thom Dallman: But yeah, you don't have to spend as much money and furniture and accessories and things like that because, you tend to just keep the same thing over and over and we haven't replaced our curtains or blinds or anything like that, in the nine years that we've owned our home. But where, when you move into a rental, you might have to buy curtains and stuff to go over the windows and things like that.
Dave Burnett: I guess the bottom line here is we kind of took that first half of the segment and to talk about the Core Group over at eXp. The bottom line is, if you're on the bubble thinking about should I rent or should I buy? Give the folks at Core Group Realty at eXp a phone call, free consultation, no obligation, and they're not going to try to trick you into, "Hey, we can trick this one into buying a home, right?" You want to make sure that you're getting for them what they need and what they want.
Thom Dallman: Exactly. Yeah. We 100% endorse consultations, sitting down and interviewing agents, making sure that you find that right agent and not someone that is going to force you into doing something that you either can't afford, or that's going to put you into a strapped lifestyle and stuff like that. We would never force anybody into that. We have no contracts, we have the guarantee that if you're not enjoying our business, we'll let you cancel your contract with no fees, because we want everybody to have the best experience that they can in purchasing real estate. It's already stressful. You don't need an agent that's going to make it even more stressful for you.
Dave Burnett: As we've always said, it is probably the biggest investment you will make in your life. So it is stressful and it is a commitment.
Thom Dallman: Exactly.
Dave Burnett: You know there is a commitment that's involved there. Core Group Realty at eXp. You can call them at 208-933-7777 or find them online at CoreGroupRealty.com. One of the sponsors of the Idaho Real Estate Buzz along with the folks at Flagstar Bank. Do this. 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, also an associate broker at Core Group Realty at eXp. CoreGroupRealty.com, that is the website. 208-933-7777, that is the phone number for you to call.
Thom Dallman: Yes.
Dave Burnett: You know, one of the things that we talk about on a regular basis here, Thom, and that is pets and animals.
Thom Dallman: Pets. Everybody that listens to this show knows that we're partners with the Humane Society on the Pet Makes a House a Home Drive. We're very passionate about our animals. Most of my agents have dogs. Some have cats. We're very passionate. That's the only word I can think of.
Dave Burnett: Pet friendly.
Thom Dallman: Pet friendly, yes. And love our animals, or our fur babies, as its often referred to. And the fact that they really do make a house a home. It makes it so much more warm and inviting, to just come home and have your animals just happy to see you. You know. I was sick this week with a bug, and laying in bed just moaning and groaning, and there are the dogs right next to me, just comforting me and whatnot.
Dave Burnett: -feed me.
Thom Dallman: Now, it would have been better if they could have went and got me some soup, but...
Dave Burnett: They just don't have the opposable thumbs.
Thom Dallman: But, yeah. Just the comfort and stuff that they bring. But in the reverse, you need to really be able to provide them a safe home and a safe environment, and stuff like that. There's certain things that you don't think about as far as the house safety, especially if you're getting a new animal. You know, you don't think about the fact that there's certain plants out there that are dangerous to animals.
Dave Burnett: That is very true.
Thom Dallman: And so, if you have a house full of plants, you might want to do a little research into if any of them are harmful to animals. I know in the past, I've chatted with someone who had a cat, and their cat kept getting sick and sick, over and over again. And come to find out, she did have a plant that the cat was apparently chewing on that made it sick, but there's something in that plant that makes it irresistible to the cat, to cats. So, yeah. Do some research into your plants, if you have a lot of houseplants and are planning on bringing especially a cat, but even dogs. Even dogs will eat plants, and-
Dave Burnett: Dogs will eat anything.
Thom Dallman: Yeah. My dog Scruffy will attest to that. We went through, the first year of having him, learning that we had to hide everything from him. And just recently... He's a little six pound chihuahua terrier mix... Recently, we discovered that he has a really high jumping capability. And so, we have a really high island in our kitchen, with really high chairs. But we've discovered that we have to keep the chairs pushed in, because if we have one pulled out, he can actually jump up on to the chair, and up on to the counter, and eat maybe a basket full of brownies, or...
Dave Burnett: What fun, when-
Thom Dallman: Yeah, right? To come home and find our thing of brownies empty, and scattered all over the floor...
Dave Burnett: Yeah.
Thom Dallman: That dog can jump up high. So there's things like that, that you just don't think about, that could prove fatal and harmful to the dog, if they get into something that they shouldn't be getting into, and stuff like that. Just things like leaving cabinet doors open, leaving your pantry doors open, and then running out the door and not realizing it, and the dogs get into stuff in your pantry. That may or may not have happened at our house a couple times. So...
Dave Burnett: You know, something did happen at my house... Not with the current dog I have, but the one we had prior to this... Is that I didn't even think of the fact that we had a bedroom door... You know you'll have those doors that'll just close by themselves?
Thom Dallman: Oh, yeah. Oh, yeah.
Dave Burnett: And the dog went in the room, and the door closed behind the dog, just gradually closed. And the dog tried to claw it's way out of the-
Thom Dallman: Oh, yeah.
Dave Burnett: ... bedroom, which had carpeting in it, with carpeting strip, and dug down it through the carpeting strip. You know, with those little nails?
Thom Dallman: Oh, with those nails?
Dave Burnett: -dug into the carpeting strip with its paws.
Thom Dallman: Aw.
Dave Burnett: Trip to the vet.
Thom Dallman: Oh my gosh.
Dave Burnett: Make sure your doors don't close by themselves. We learned that one.
Thom Dallman: Yeah. Well, and along that line, make sure you don't accidentally close a dog in a closet. Like, my dogs follow me around all the time, and I've done that. I've accidentally closed one of them in the closet, because I didn't realize she was in there.
Dave Burnett: Where's the dog?
Thom Dallman: Yeah, right? I'm like, "Where is Sadie?" I've locked them outside on our rooftop deck. I didn't realize they had followed me upstairs, and onto our rooftop deck. I went back downstairs, closed the door. An hour later, I'm like, "Where's the dog?" She's up there panting, trying to hide in the small little bit of shade that was up there, from the hot sun on a 100 degree day.
Dave Burnett: Oh, boy.
Thom Dallman: I was just mortified that I had left her up there, but...
Dave Burnett: Mm-hmm (affirmative).
Thom Dallman: Those things kind of happen, so you kind of have to be conscious and aware, and not locking those poor animals in places that they can't get to. Especially if they're prone to not scratching and doing things like that, to notify you that they're in the area. She visibly-
Dave Burnett: Sometimes they just lay down and go, "Okay. I'll wait." I'll be back.
Thom Dallman: Yeah. "I'll just wait til they come back. They'll come back sometime." So, you know. Just things like that. Cover your garbage. A lot of people will not realize it, and they'll leave their garbage... You know, they have garbage cans that sit out in the kitchen, or in the dining... You know, wherever it's convenient for them, and stuff like that. And so-
Yeah. Dogs are really good about figuring out a way to get into garbage cans. Once again, another testament to Scruffy, and his ability to jump up. He can jump up high into our garbage can.
Dave Burnett: Scruffy is amazing.
Thom Dallman: Yes. Yes.
Dave Burnett: I guess one of the things, especially this time of year, that I really think about, and that is the outside of your home. If you have your dog and it goes in the backyard, of the security of a fence. The security that they can get shade and water-
Thom Dallman: Mm-hmm (affirmative).
Dave Burnett: … back into the cool. It's important this time of year.
Thom Dallman: Exactly. Exactly. Make sure that they do have a safe place to hang out, on the off chance that they get stuck outside. Or make sure that dog door is open and functioning. If you can, not leaving them in the house too long. Also, if you know that you're going to be out of town, getting a dog walker or something like that. Super affordable. Dog walkers are super cheap, especially if you can hire maybe a teenager in the area, that can maybe come over at lunchtime for school, take him for a quick 10-minute walk, and get them out of the house. Dogs need activity. That's how they're bred. That's how they are. They need activity, and they need to be out and about.
Dave Burnett: Yeah. A tired dog is a good dog.
Thom Dallman: Exactly. Exactly. So...
Dave Burnett: Speaking of that, of good dogs, good cats, good pets. The Humane Society, of course, you always partner at Core Group Realty-
Thom Dallman: Oh, yes.
Dave Burnett: ... at eXp. What's the Humane Society?
Thom Dallman: The Humane Society has some of the cutest dogs. If you keep an eye on our Facebook page, you'll see on occasion we'll do their dog of the month. We'll also post it on our blog posts. They have so many dogs that they rescue, bring in from other states, to try to save them from being euthanized, and get them out into the public and stuff like that. You know, these dogs need good homes. They need good families to help keep them company. Scruffy was a Humane Society rescue, and he's been such an amazing part of our family, and just such a character. You know, despite all these little things I keep saying that he gets into, he's just fun. He's just a fun dog.
Dave Burnett: You know, one of the pieces of advice I remember from the gal from the Humane Society, that has stuck with me.
Thom Dallman: Mm-hmm (affirmative)?
Dave Burnett: That is, if you're buying a home, don't get the pet now. Get you and your family settled.
Thom Dallman: Yeah. Wait. Get yourselves settled in. Yes. That's a very good point.
Dave Burnett: So, just a big piece of advice. But they would be more than happy to help you pick out a pet that's right for your lifestyle, or right for your-
Thom Dallman: Yeah, exactly. They help educate you on the care. A big dog takes a lot more care, needs a lot more room to run around. So, if you live in a small little apartment, you're going to need to take that dog out a lot more than a smaller dog. And think about things like that. So, they're really good about helping you assess your situation, making sure it's the right fit. Because they don't want to see the dog back. They want to know that that dog has a happy family, and that you're a happy family with it. So...
Dave Burnett: If you're like me, and you're kind of lazy, don't get a border collie.
Thom Dallman: Exactly. Exactly.
Dave Burnett: That dog wants a lot of walking.
Thom Dallman: Labs. Labs need a lot of attention, and need a lot of room to run around in too.
Dave Burnett: Exactly. Thom, if somebody wants to get a hold of you at Core Group Realty at eXp, how do they do it?
Thom Dallman: 208-933-7777 is our phone number. You can go to our website, CoreGroupRealty.com. There's a Contact Us section in that. You can email us, email@example.com, as well, and someone will be able to respond back to you pretty quickly. So, there's numerous avenues.
Dave Burnett: Check it out on Facebook. Check it out on Instagram. Check it out on social media.
Thom Dallman: Yeah. Send us a Facebook message. We'll answer that, as well.
Dave Burnett: Perfect.
Thom Dallman: And, yeah. Just let us know what you need.
Dave Burnett: Core Group Realty at eXp, sponsor of the Idaho Real Estate Buzz, along with the folks at Flagstar Bank. Call them today. 208-933-7777. Find out why they say you get more with Core.
Core Group at eXp Realty