Buying your first home is a BIG DEAL. But it may not be as “scary” as you thought!
We have helped tons of first time home buyers get into their first homes. Time and time again, the concerns, misconceptions and fears we discuss are the same.
Here are just 3 we hear all the time and often the reasons buyers decide they need to wait or that it “just wont for for them”.
We are here to tell you, its not as hard you think and when you work with someone like us, we will get all of the questions answered and guide you through the process each step of the way. Believe us, whatever you worried about or are afraid to ask, we have dealt with it before and can help you too!
If you are curious about buying and want to know more, let’s connect! We are here to help you Make Awesome Happen.
Also be sure to watch our First Time Buyer Play List on YouTube for more helpful information about buying your first home.
Tax season is upon us! That means we not only need to file taxes by April 15th, but also to file for the homeowners exemption.
If you’re not sure if you qualify or where to file, we are here to help!
What Is The Homeowners Exemption
This exemption is provided by Idaho state law, for the purpose of reducing the taxable value of your home up to $100,00 or 50%, whichever is less. For example, if your home is worth $400,000, you may only pay tax on $300,000. As a result, this exemption will save you money and reduce you property taxes!
A home owner can file the exemption if they are an Idaho resident and they occupy the home for more than 6 month out of the year (Primary Residence). It can only be filed on the primary residence, it can not be put on a second home or a rental.
When To File
New Construction you must file within 30 days of purchasing the home.
For Existing Homes, the deadline to file for the homeowners exemption is April 15th for THIS year’s exemptions.
File one time per house. After you file, the exemption stays with the house until you sell the house. Then you will need to file it again on your next home.
Where To File
Filing must be done at the county’s assessors office where the house is located. Every county does it a little differently, but you have to file each one in person, it can not be done online. Below are a list of the addresses of nearby counties:
Kootenai: 451 Government Way, Coeur d’Alene
Shoshone: 700 Bank St #100, Wallace
Boundary: 6452 Kootenai St, Bonners Ferry
Bonner: 1500 US-2 #205, Sandpoint
Benewah: 701 College Ave # 7, St Maries
Do Not Share Sales Price
Idaho is a non disclosure state. That means you do not disclosure the purchase price of the home with the county or on any external sites like Zillow because it is not required. This is a good thing! If the county has the home assessed at a lower value than what you purchased it at, you will continue to be taxed at the lower rate. If you share the higher purchase price with them, they will start taxing you at that higher level.
Below are a few other exemptions you can file on your property. Click on the links to learn more about how it works in Kootenai county. You would file each of the below exemptions the same way as a homeowners exemption, at the county’s assessor’s office where the land is located.
Agricultural: This program will reduce the taxable value on agricultural land.
Timber: This program will reduce the taxable value of the private land used to primarily harvest timber.
Property Tax Reduction Program (Formally known as Circuit Breaker): This program reduces property taxes for individuals who meet age and income requirements.
If you have any questions, concerns or confusion, never hesitate to contact us! We are here to address any roadblocks you have and point you in the right direction so that you can save some money on your taxes.
Check out our video below regarding important tax information for home owners. Also, subscribe to our YouTube page to keep up with all things real estate!
Tax time again and a mound of documents and not sure what to do with it all?
Hopefully you made it through another tax season and found all of your documents needed to file your return. Now, what documents do you need to keep and which ones should you toss? Here’s a little guideline which will help you with clearing out the old paperwork, but not throwing away anything that you might need later.
What to keep and what to toss?
John and Tracey Tindall
208-818-2365 or 2456
Thinking of selling and want to spruce up your home before hitting the market? Surprisingly you should think small when making renovations and updates for the best ROI.
If you are like most of our clients you may have a laundry list of things you believe you need to your home before you sell it. Some of the things may be costly and in the end will not improve the sale-ability of your home or even provide a good return on your investment investment. Here are some tips to consider:
If you are thinking of selling , lets meet up and we can work with you to develop a plan for success. The right improvements to increase the sale-ability of your home while being kind to your finances.
How to contact John and Tracey
John Tindall: 208-818-2456 firstname.lastname@example.org
Tracey Tindall: 208-818-2365 email@example.com
Click here to learn: More about us!
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.
John and Tracey Your Professional Agents 208-818-2365 John firstname.lastname@example.org 208-818-2456 Tracey email@example.com Website www.johnandtracey.com
Thinking of remodeling your home? Maybe you are looking for a home to buy that might need some remodeling? To Remodel or Not… 4 Points to consider when taking on a remodel project and understanding the benefits and challenges.
As with anything in life, a remodeling project can come with its ups and downs. Certain phases seem to go a mile a minute, while others feel like they’ve lasted a lifetime and a half, all while it looks as though nothing is being completed. Fear not — this is pretty typical. And, while every project is different, a good portion of renovations have four major phases, what I’m calling the Honeymoon, the Midproject Crisis, the Renewal of Vows and the Happily Ever After.
For now, let’s take a closer look at the Honeymoon phase of renovating….read more
Honeymoon 1: Homegrown Decor, LLC, original photo on Houzz
After weeks of searching for a remodeler in your area, calling references, checking out their Houzz profile and working toward an agreeable price, you say, “I do,” sign the contract, finalize the design and begin work in two weeks. There’s a little nervousness in the air, but as you enter the Honeymoon phase, the mood is mainly one of excitement.
A couple of weeks go by, and the day comes for work to start. Protective products are placed, and demolition begins. Demo, sweet, demo. Normally one of the quickest moving stages of a remodel, demolition makes it look as if a lot of work is being done practically overnight. Cabinetry is removed, walls are torn down, appliances are taken away and, in a matter of days or weeks (depending on the size of your project), you’re staring at a blank canvas.
After that, any necessary framing and structural work will begin. Framing usually isn’t as exciting or fast-paced as demolition, but still, there is visible progress almost daily. At this point, you and your partner are walking on air. The rate of work is astounding, and you’re still very excited (although maybe a little less nervous now) about the entire project…..read more
Hacked By GeNErAL
Looking for the home that has it all? You have found it!
You need to see this gorgeous home offering high end finishes and beautiful mountain views. Located in desirable Meadow Ridge. Country feel yet close to everything. This home has it all with granite, tile, hardwood, large master suite with spacious walk in closet, tiled shower, jetted tub, 3 car tandem garage and 20×40 paved RV pad behind large gate. Fabulous kitchen with lots of counter space, storage and light. Elegant cathedral 10’ foot ceilings, gas fireplace, luxurious formal living and dining, spacious family room, custom railings, large laundry room, AC, fully fenced and READY for your SHOP (at least 20×40) This home has been PRE-INSPECTED and is move in ready and comes with a 13 Month Home Warranty
John and Tracey
Your Professional Agents
208-818-2365 John firstname.lastname@example.org
208-818-2456 Tracey email@example.com