Homeowners Exemption













When buying a home for the first time you most likely want to save money any chance you get. It can seem like an overwhelming and never ending drain on your bank account. When you finally close on your new home you probably won’t want to even think about any more paperwork or transactions, but a quick trip to the County Assessor’s office to file a homeowner’s exemption will save you so much money each year in property tax. 


What is it ?  

An exemption that reduces the taxable value of your home up to a maximum of $100,000 in value.  


Why do I need it?  

By reducing the taxable value of your home, your taxes are much LESS and you SAVE!  If you have a mortgage, this savings will likely reduce your total monthly mortgage payment. 

Who Qualifies?  

If you live in your home at least 6 months out of the year as your primary residence, you qualify!  


When do I need to file?  

You must file by the 15th of April in 2018! 


Where do I file?

The county assessors office for the county in which you reside.


Remember:  Idaho is a non-disclosure state and this means that you do not have to share the value of your home with the county when you apply (what you paid for it)   


If you are not sure about your home owner exemption status,  give us a call and we would be happy to help you!  We are here to help!






J: 208.818.2456

T: 208.818.2365









Posted on January 18, 2018 at 7:16 pm
John and Tracey Tindall | Category: Costs and Spending, First Time Home Buyer, Helpful Tips | Tagged , , , , ,

New Year, New House?

Now that 2018 is finally here, resolutions and goals seem to be all anyone is talking about. If one of your resolutions is to be a first-time buyer then here are a few tips to help you make that a resolution that doesn’t fall by the wayside. Maybe your resolutions don’t involve buying, maybe it is to sell your home or to build equity with your existing home or investing in your home. In any case here is an abbreviated list of some routes to consider. (Full Article)

For the first time buyers

Buying a new home is scary, but taking the first steps toward an organized and planned out purchase is half the battle. Having a structured plan and timeline gives you a set of instructions that you can follow. Near the top of the list you create should be finding a reputable and thorough realtor to take the mystery of purchasing and turn it into an understanding of the process. Regardless of when your planned purchase date is, NOW is the best time to start working on your credit. If you’re one of the majority who has room for improvement, the sooner you start working on it, the better. And speaking of now, remember that you are going to need a down payment for your purchase.

For the First time Sellers

Maybe you don’t plan to be a first-time buyer, maybe selling is on the top of your 2018 goals, then you need to start planning too! When you prepare your home to be sold, you need to make sure that you take care of all those repairs you’ve been putting off. Along with fixing, you need to start getting rid of the extra and unused stuff that has been accumulating. Personally, I don’t want to pay to ship the contents of my junk drawer or those broken things that I keep meaning to fix. Throwing away (donating, selling) is hard but once you’ve cleared out the clutter, you’ll be happy you did and it’s one less thing you need to worry about. 

Trying to Add Equity

One of the most effective ways to add equity to your home is to bring your principle down. You can do this in several ways. Refinancing your home might be a good choice. Either for a shorter loan term or for a lower rate. Another way to bring down your principle is to pay more. That simple. Maybe you pay more each month or you make an extra payment. Either way you’re going to have to pay more. 

Investing in Your Home

Investing in your home can be one of the more gratifying options. Most of us like to see transformations. And making your home more beautiful is always exciting. Make sure when you chose a project that you select one that has a good return of investment. It would be a good idea to do some homework and find out the most sought after home features. One type of renovation that will almost always yeild a good return of investment is increasing your home’s energy rating. 

No matter what topic made your 2018 Real Estate goal list, we hope you were able to find some of this advice helpful. If you did, or have any other ideas- Reply and tell us all about them. Please don’t forget to check out the full Windermere article for any extra info.


Team Tindall



Posted on January 8, 2018 at 10:08 pm
John and Tracey Tindall | Category: Costs and Spending, First Time Home Buyer, Home & Projects | Tagged , , , , , , , , , , , , ,

Inventory shortage means good news for sellers.

If you’re like me, when you started the buying process you might have wondered why some houses are so outrageously priced and others are not. There are many factors that come in to play such as mortgage rates and availability, economic growth and personal demographics. But when prospective buyers are shopping their market, the one factor they may overlook is inventory shortage.

Real estate inventory is the quantity of houses that are available for purchase in any given market. When I’m out showing people properties, clients always amazed at how few mid-range homes there are. Clients also can’t believe how quickly they go.

The only time that inventory is a problem for home buyers is when the inventory is low. Basic economics. High demand and low supply  yields high price tags for buyers. However, if you’re looking to sell, this is great news for you. The fewer homes available, the higher the price tag on your home.

In our current market in the Pacific Northwest, there has been an inventory shortage for several years.  Due to the shortage, people are staying in their homes longer and moving less. Contractors are also in a bind because of the inventory shortages are causing prices to shoot through the room. Contractors don’t get paid for homes that sell for less than their cost for production, making them less inclined to build for fear of not making a profit.

In this quick video Matthew Gardner, Windermere’s chief Economist, breaks down the inventory shortage and it’s side effects. He also gives us a forecast for what might be to come.

How inventory shortages are impacting the housing market


Posted on June 12, 2017 at 9:25 pm
John and Tracey Tindall | Category: Costs and Spending, Real Estate Trends | Tagged , , , , , , , , , ,

January’s Market Update – Is this a good time to sell?

Is this a good time to sell?

Here is your housing snapshot for January 2017  showing an increase of 10% in median home prices and time on market down 5% in Kootenai County.   If you are a seller who is on the fence about putting your home on the market, this snapshot is a good indication that this might be a very good time for you to sell your home.

A market offering higher median home prices,  shorter closing time frames and less inventory will give sellers who decide to list now have some real advantages especially this time of year.

Listing your home before the masses who wait for better weather in April and May can give you the edge for success.  Low inventory combined with a large number of qualified buyers creates competition for your listing.  Many buyers have already lost out on another home and these buyers are ready to pounce once your listing hits the MLS.  Homes that are show ready and priced right are garnering multiple offers at full price and often offers over full price!

If you would like to be kept up to date on the market or know more about selling your home or the value of your home, contact us and we will be happy to provide you with a customized market analysis.


Kootenai County Snapshot for January 2017


John and Tracey
Your Professional Agents

208-818-2365 John         johntindall@windermere.com        
208-818-2456 Tracey     traceytindall@windermere.com
Website                               www.johnandtracey.com



Posted on March 3, 2017 at 6:08 am
John and Tracey Tindall | Category: Costs and Spending | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

5 Myths Buyers Have About Mortgages

5 Mortgage Myths Many Buyers or 1st Time Buyers Have

Borrowers still have a lot of confusion when it comes to mortgages; from closing costs to minimum down payment requirements and questions over credit scores. Some mortgage myths are even preventing some would-be home buyers from entering the market too.

Read more: Buyers Overestimate Mortgage Requirements

The National Mortgage News recently highlighted some of the following mortgage myths that still seem to perplex borrowers, including:

1. Closing costs: New mortgage rules that took effect last fall, TILA-RESPA, are providing borrowers with a clearer picture of mortgage closing costs prior to settlement. However, those expenses can still come as a shock to your clients. They may be surprised to see the costs of closing on a home loan when they receive their Loan Estimate disclosure upfront.

2. Who can cover closing costs: Borrowers may believe that they are the only ones who can pay their closing costs. However, closing costs also can be offered as a seller concession.

3. The credit-less: Consumers who don’t have credit cards may think their lack of debt history will be a positive when applying for a mortgage. However, lenders are looking for how well consumers manage their debt and a lack of history could be problematic in qualifying a borrower.

4. Minimum requirements for qualifying: Home buyers may be under the impression that their credit needs to be a lot more stellar to qualify for a mortgage than it actually needs to be. To qualify for a Fannie Mae-backed loan, borrowers only need a 3 percent down payment and a minimum FICO score of 620.

5. Eligible tax breaks: Mortgage interest deductions are not limited to just primary residences. In some situations, second-home loans and home equity loans of credit may also be eligible.

Source: “7 Mortgage Myths That Still Befuddle Borrowers,” National Mortgage News (May 2016)

Source: Realtor Magazine


How to contact John and Tracey

John Tindall: 208-818-2456   johntindall@windermere.com

Tracey Tindall: 208-818-2365  traceytindall@windermere.com

Click here to learn: More about us!

Posted on May 17, 2016 at 12:02 am
John and Tracey Tindall | Category: Costs and Spending, First Time Home Buyer | Tagged , , , , , , , , , , , , , , ,