Idaho Market Update

The number one question we are asked is, “How is the Market?”   Our clients and those thinking about making a move here in North Idaho are always interested.   Is it a good time to buy? Sell? Build? Invest? 

It’s one of our favorite discussions.  Real Estate is dynamic and markets are always changing. There are numerous factors that impact the the Real Estate Market here locally.   Digging deeper and staying abreast of the key factors that effect our local market is our job.  Considering national and local trends along with evaluating key factors will have an impact on how we answer that question… How is the Market? It all depends on what you want to achieve.   

At Windermere, we are fortunate to have our own Chief Economist, Matthew Gardner.  He is an amazing resource and here is his report on our Idaho Market.   

The Gardener Report

 

“In Northern Idaho, Shoshone County experienced a 17.9% increase in sales over the third quarter of 2018. There was a modest increase in Bonner County and a very slight contraction in Kootenai County.” Matthew Gardener

 

 

 

Interested in knowing how this market will effect you in one of North Idaho’s 5 Counties (Kootenai, Shoshone, Bonner, Boundary or Benewah) for buying, selling, investing or building?   Connect with us her or find us on one of our social sites and we will be happy to discuss our market and how it will impact your Real Estate goals. 

 

 

John & Tracey Tindall Professional Agents

www.johnandtracey.com
John & Tracey Professional Agents
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Tracey Tindall
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Johntindall@windermere.com     208-818-2365

traceytindall@windermere.com   208-818-2365

Windermere, Coeur d’Alene Realty

1000 Northwest Blvd

Coeur d’Alene Idaho 83814

Posted on November 5, 2019 at 10:59 pm
John and Tracey Tindall | Category: Market Update, Real Estate Trends | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

North Idaho Winter Driving Preparation

Here in beautiful North Idaho we are lucky to have 4 very distinct seasons. Everybody loves the warmth of Summer, the freshness of Spring, the colors of Fall, and the coziness of Winter. With winter comes SNOW and that can mean snow storms!  Driving in the snow and knowing how to be prepared for winter driving can be a bit stressful. Knowing what to do or even where to start preparation can be one of the biggest hurdles. There are simple preparations that can be done to your vehicle and with your family to get through the longest and coldest season. Check out the winter driving preparation tips below to help avoid winter sneaking up on you and those you love.

 

Preparation Tips for Winter:

 

Get a Vehicle Winter Maintenance Check-up Before Winter Hits:

~ Don’t wait to check your battery, belts, hoses, radiator, lights, brakes, heater/defroster and wipers

~ Tire shops and mechanics are busiest just before and during winter storms, so get your check-up scheduled NOW

 

Know How to Drive in the Snow and Ice

~ Start you vehicle early and scrape your windows each morning before heading out. It will ensure you will have a clear view of the roadway and keep you warm

~ Be smooth and slow in steering, breaking and accelerating. If you move the tires too quickly, they don’t have time to respond and you will end up sliding.

car on snowy road surrounded of green trees

~ Drive for the conditions – that means drive slower, accelerate slower, don’t stop if you can avoid it since accelerating back up may be difficult and leave additional room between you and the vehicle in front of you (Keep in mind that the larger the vehicle the longer it will take for it to stop)

~ Do not use cruise control because if your car skids or hydroplanes it accelerates to maintain the vehicles speed which will make it very difficult to remain in control of your vehicle.

~ Accelerate from a stop in 2nd gear because there is less torque and you’re less likely to spin the tire.

~ Know how to handle a hill, do not power up the hill or stop on your way up.

~ Drive in the snow pack next to the road to get more traction if the road is too icy

~ Remember that all-wheel drive and 4-wheel drive vehicles do not stop faster or steer better on ice

~ Slow down when you approach intersections, off-ramps, bridges or anything that looks like it may be icy or where you will need to stop

~ If you end up behind a snow plow, slow down and give the plow extra room

~ Chain-up and removal areas are often where people are out of their vehicles so be sure to slow down and be vigilant in those areas

Practice driving in parking lots to learn how to handle your vehicle in a slide and get to know your breaks, that will help

tremendously in a real world situation

 

Have Basic Winter Survival Kit & Basic Winter Travel Gear in Your Vehicle:

~ You never know what you will run into when you drive away from your home each winter morning, so it’s best to always be prepared. The checklist below will make sure you have everything you need.

What to Keep in Your Car – Checklist

 

Know What to do in an Emergency:

Line of cars driving in snow

~ If you start to slide, first thing to do is stay calm! Avoid sudden movements. Do not turn your tires quickly, accelerate or break suddenly, it can cause you to loose traction. Look where you want to go and steer that direction. If you start

heading off the road, steer towards things that will cause the least amount of damage, such as an empty field or yard.

~ Find a roadside assistance company and plan that works for you. Check with your insurance provider and see if it’s comes with your plan or any possible discounts. Don’t forget to renew the policy! Many individuals let it expire and forget about it until it’s needed.

~ There may be a situation where you are stranded, maybe your vehicle broke down or you’ve slide off the road, and you need a tow truck or a ride. It’s good to have phone numbers saved in your phone in case you are at a location where you can’t access the internet. Below is a small list of tow companies and ride options in our area:

Note: Often with ridesharing options, such as Lyft and Uber, you must sign up and create an account to use their service. If you haven’t already, it would be a good idea for sign up for one so you have another ride option.

 

Keep Your Fuel Tank Full:

~ Don’t let it fall below half a tank because condensation can form in the empty portion of the gas tank. In cold weather, that condensation will freeze then collect into icy blockages in your lines and make it difficult to start your vehicle.

 

Plan With Your Family:

~ Create a plan that works well with your family in case an emergency happens, especially if you have younger drivers

Empty road with snow on the ground

~ Go over it each year before the snow falls

 

Stay Informed:

~ Be sure to find your local station for traffic reports and emergency messages. Most local stations in your area will have weather alerts, but if you’re specifically looking for a weather channel, click here to find one in your area.

~ Check the weather frequently so you are prepared for its arrival

 

Check Your Tires:

~ Make sure your chains fit before the first winter storm

~ Have the correct type of tires for the weather

~ Check tire pressure during cold weather. To do so, first find out what the recommended pressure is. Then after your tires have cooled, press the tire gauge directly into the tire vulvae and hold firmly (You should hear no air coming out). Based on what the gauge says, you could either release some air, add some or leave it. Check it frequently though winter.

 

Check out this video for additional recommendations and visuals to help with the tips listed above:

 

Click on the Checklists Below for More Information:

Get Ready for Freezing Temperatures & Snowfall

Get Ready for Winter Weather Driving

 

AND REMEMBER TO ALWAYS BE SAFE OUT THERE!!

 

 

Sources: Washington State Dept of Transportation, Take the Winter by Storm, US Forest Service, Osceola Garage, Your Mechanic

Posted on October 25, 2019 at 2:50 pm
John and Tracey Tindall | Category: Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , , ,

12 Mistakes That Can Derail Closing Day For Buyers

Buying your first home? Maybe you have done this before and just assume lending is pretty straight forward? Avoid these common mistakes that can blindside a buyers mortgage and closing day!  

Lending is a complicated business with a number of moving parts and many rules that can make the difference between a happy closing day or no home at all.   There are so many things that can effect your loan process and your road to a successful closing day.  Here are just a few of the most common mistakes that buyers make.   

 

Here are a few more things to avoid so that you can keep loan and purchase on the rails through to closing day!  

Big Purchases on Credit. It is tempting to buy the furniture for your new home or a new car for the garage before the sale closes. Take care if you are making these purchases on credit. Large purchases on credit can have a major impact on your credit profile which effects your mortgage application. It’s a better plan to wait until after closing or pay cash for these transactions or you may be putting that furniture in a different living room than you originally picked them out for.

No 90-Day Same as Cash! Many times you may be tempted to make a furniture or appliance purchase for your new home. Often these can be done now and no payments for 90 days or even longer. Don’t be fooled. These purchases still affect your credit and can destroy your loan process. Remember, just a small change in your credit picture might be just enough to keep your loan from moving forward.

IRS, State and Local Liens. You’ve heard the old saying “Death and Taxes”.  Back taxes and liens can derail your attempts to get financing for a mortgage so be sure to have your books in order before filing your loan application. There are a number of searches done against your social security number just before closing and this is where liens against you sometimes appear, even though they are NOT on your credit report.

Changing jobs, become self-employed or quitting a job. Changing jobs will change the qualification basis and if you move into a different line of work or take a lower paying job, this may disqualify you from moving forward with your purchase. Also going from an employee to self employed changes everything. Of course you need a job so don’t quit yours.

Don’t Spend your Money!   Especially your funds set aside in your bank account for your closing day.   Often these funds need to be on deposit for a couple of months to be “seasoned” and allowable for your purchase. If you spend it, you may have problems having new funds seasoned in time for your closing day. Also many times your loan will require a certain amount of “reserve funds” in your account and trying to get those funds into your account at the last minute can be catastrophic.

Large Deposits. You would think more money is a good thing, right? But large deposits are handled differently and require sourcing, which can get complicated. Always ask your loan officer before you make a large deposit.

Changing Bank Accounts. You will not want to change bank accounts during the loan process. Making a move like this will change your financial picture and quite possibly slow down the process or cause your loan to be denied.

Never Co-sign. Don’t do this for anyone during the loan process. Co-signing will not only change your credit picture, it will also change your debt ratio. The smallest change in debt ratio may ruin your chances for a loan approval.

Late Payments, Missed Payments. Credit Inquiries. Of course pay your creditors on time and avoid having your credit report pulled during the loan process. Late or missed payments will decrease your credit score and so will excessive credit report inquires. Sometimes just a few points on your credit score make the difference between a happy closing day or no closing day at all.

Overpaying. Before your bank will approve your mortgage they will appraise the home you are purchasing.  If they feel you are overpaying they are likely to decline your mortgage application. If you find yourself in this situation consult with your agent on renegotiating your offer to be more in line with the bank’s appraised value.

Purchasing too close to Foreclosure. If you are making an offer on a house which is facing foreclosure be sure to have a closing date set before the foreclosure date. Have your agent work with the lender to structure closing before the house goes back to the bank and into foreclosure

Comprehensive Loss Underwriting Exchange (CLUE). CLUE is a database of insurance claims for both people and property.  Your home insurance rates are determined by the information about you and the property you plan to purchase which is contained in this report. Past claims for water damage, falling trees and even dog bites from present and past owners can multiply your insurance rates. Consult your agent about the CLUE report for your future home as soon as possible once your home purchase offer is accepted.

As always, work closely with your lender. Share everything with your loan officer so they can navigate through the process and guide you through the rough spots and onto closing.  It’s better to know about potential issues up front and not be surprised just before closing with bad news.  How a great loan officer helps you! and Other missteps that keep you from closing.

 If you are just starting the process and want to know more about how the buying process works, connect with us.   We will be happy to meet with you and walk you through the buying process, help you find a lender and get you on the path to home ownership.

johntindall@windermere.com 208-818-2456 traceytindall@windermere.com 208-818-2365

Posted on October 9, 2019 at 11:34 pm
John and Tracey Tindall | Category: First Time Home Buyer, Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , ,

How is the North Idaho Market?

How is our local Real Estate Market?  What can we expect for our market for the rest of the year?  WHat are the indicators to watch ?

Windermere’s Chief Economist, Matthew Gardner shares his insights in the Gardner Report.

ECONOMIC OVERVIEW

Following a trend that started last fall, job growth in Idaho continues to moderate. The addition of 18,400 new jobs year-over-year represents an annual growth rate of 2.5%. This is to be expected at this point in the economic cycle, but it’s worth noting that the current rate of job growth remains well above the national average of 1.6%.

In May, the state unemployment rate was 2.8%, marginally lower than the 2.9% rate of a year ago. The state remains at full employment, though it is interesting to note that the employment rate remained below 3% even as the labor force rose 2%, suggesting that the economy remains very robust as there are still job openings to accommodate new workers.

Read the Full Report

Posted on August 7, 2019 at 10:19 pm
John and Tracey Tindall | Category: Real Estate Trends | Tagged , , , , , , , , , , , , , , ,

St. Patrick’s Day

What do you think of when you hear the words St. Patrick’s Day? Likely the words green, beer, and parades come to mind. There’s actually a full history behind that holiday and St. Patrick himself, with lots of interesting facts.

 

Image result for St. patrick historical pictureHistory

St. Patrick’s day celebrates Roman Catholic Patron Saint of Ireland, St. Patrick. He wasn’t born in Ireland, but rather Britain. When he was 16 he was taken captive to Ireland as a slave. He escaped and fled to a monastery in France.  Years later he went back to Ireland to convert the Irish to Christianity. Although the religion had already taken hold in the country, he helped it become more widespread. By the time he died, he had created many monasteries, schools and churches. The day of his death, March 17th, has become what we know and celebrate today – St. Patrick’s Day.

The celebration of St. Patrick’s Day started in Ireland. After the Irish immigrants moved to the United States, the celebration really took off with the parades and celebrations that we know today. Both the Irish and the non-Irish participate in the widespread holiday.

 

 

Fun Facts

The Shamrock was used by St. Patrick to explain the Trinity and is also Ireland’s national flower/emblem.

Although the color green is now the common color of the holiday, it was not the original one. Blue was traditionally associated with the holiday. It switched because of Ireland’s nickname “The Emerald Isle”, the shamrock and the green in the Irish flag. 

Beer is the mostly widely consumed beverage on St. Patrick’s Day (Big Surprise!), with Guinness being the most popular.

According to a census in 2016, 32.3 million U.S. residence had Irish ancestry which is 7 times the population of Ireland.

You have a 1 in 10,000 chance of finding a 4 leaf clover.

 

 

Local Events

St. Patrick’s Day Parade – Downtown Coeur d’Alene on Saturday the 16th from 4-5pm

St. Patrick’s Day Splash Bash – Coeur d’Alene Resort Saturday the 16th from 8-11:30pm

St.Patrick’s Day Weekend Celebration – Mirabeau Hotel in Post Falls from the 15th-17th

Coeur d’Irish Party– On March 16th at the Coeur d’Alene Resort from 5:00- 11:30. Featuring traditional Irish music and St. Patricks day Fare.

CDA Firefighter’s Pipes and Drums Pub Crawl– It is on March 16th and starts at 3:00 and goes on till 10:30. We have a schedule posted on our Facebook Profile so you can join in the shenanigans. Or… if you prefer. ↓↓↓

3:00PM – Capone’s
3:30PM – All Things Irish
4:00PM – St. Patrick’s Day Parade
5:00PM – O’Shay’s
5:30PM – Slate Creek
6:00PM – Paragon Brewing
6:30PM – Daft Badger
7:00PM – Capone’s
7:30PM – Coeur d’ Irish
8:00PM – Eagles
8:30PM – Moose Lounge
9:00PM – Crafted
9:30PM – Crickets
10:00PM – The Ironhorse
10:30PM – Beacon

Happy St. Patricks Day and Erin Go Bragh

John & Tracey

 

Credit: GPB Media, Encyclopedia Britannica, LiveScience, ProFlowers, History

Posted on March 14, 2019 at 10:46 pm
John and Tracey Tindall | Category: Best of CDA, CDA is Awesome, Keeping it Real - With John & Tracey, Things to Do and See in North Idaho | Tagged , , , , , , , , , , , , ,

Preparation for Winter Driving and Snow

Here in beautiful North Idaho we are lucky to have 4 very distinct seasons. Everybody loves the warmth of Summer, the freshness of Spring, the colors of Fall, and the coziness of Winter.  

With winter comes SNOW and that can mean snow storms!   Driving in the snow and knowing how to be prepared for winter driving can be a bit stressful. 

Knowing what to do or even where to start preparation can be one of the biggest hurdles. There are simple preparations that can be done to your vehicle and with your family to get through the longest and coldest season. Check out the below tips to help avoid winter from sneaking up on you and those you love.

 

 

Preparation Tips for Successfully Surviving the Winter:

 

Get a Vehicle Winter Maintenance Check-up Before Winter Hits:

~ Don’t wait to check your battery, belts, hoses, radiator, lights, brakes, heater/defroster and wipers ~

~ Tire shops and mechanics are busiest just before and during winter storms, so get your check-up scheduled NOW ~

Keep a Basic Winter Survival Kit in Your Vehicle:

~ Flashlight ~ Batteries ~ Blanket ~ Snacks ~

Water ~ Gloves ~ Boots ~ First-aid kit ~

Load Your Car with Basic Travel Gear:

~ Tire chains ~ Ice scraper/snowbrush ~ Jumper cables ~ Road flares ~

Keep Your Fuel Tank Full:

~ Don’t let it fall below half a tank ~

Plan With Your Family

~ Create a plan that works well with your family ~

~ Practice it each year before the snow falls ~

Stay Informed:

~ Be sure to find your local station for traffic reports and emergency messages ~

~ Know the weather approaching so you are prepared for its arrival ~

Check Your Tires:

~ Make sure your chains fit before the first winter storm ~

~ Check tire pressure during cold weather ~

Image result for winter driving

………………………………………………………………..

………………………………………………………………..

Click on the Checklists Below for More Information:

Get Ready for Freezing Temperatures & Snowfall

Get Ready for Winter Weather Driving

…………………………………………………………….

………………………………………………………………………………………………………………

AND REMEMBER TO ALWAYS BE SAFE OUT THERE!!

…………………………………………………………………………………………………………………………………………………………………………………………………………..

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Sources:

Washington State Dept of Transportation https://www.wsdot.com/winter/emergencykit.htm

Take the Winter by Storm https://takewinterbystorm.org/

Posted on November 21, 2018 at 12:21 am
John and Tracey Tindall | Category: Helpful Tips | Tagged , , , , , , , , , , , , , , , , , , , , , , , ,

What is a SHOME?

We get a lot of questions about this. What… is a SHOME?

A SHOME is a shop + home. In this case a 40×60 shop with a large RV drive through bay on one side and a 1200 SQFT “home” on the other side. Viola, the SHOME. This is something you will find in Idaho and other rural areas.
Property is purchased with the intent of building the dream home. First a shop is erected so that there is a base for all of the future building. Then an apartment or living quarters are built as temporary housing. The plan is to then start the dream home.
Quite often the dream home never gets built and the SHOME becomes the home. Sometimes the Shome was the plan all along.  Here in Idaho we see beautiful Shomes with gorgeous high end finishes and all of the creature comforts that most people want. This shome offered 1 bedroom and 1 bath with a great room and large kitchen. Beautiful views and 20+ acres nearby national forest lands.
The challenge with the SHOME is being able to sell them like you would a home on acreage. Financing is limited and often Shomes don’t qualify for any financing. We were able to sell this SHOME quickly and get it financed. There were a few hoops but thankfully we had amazing clients on each side and our certified pre-owned program really paid off.
Have questions about Real Estate or the market in North Idaho? Get in touch with us, we are always happy to help. www.johnandtracey.com 
John and Tracey Tindall, Realtors
Windermere, Coeur d’Alene Realty
www.johnandtracey.com
208-818-2365 or 2456
Posted on September 7, 2018 at 3:22 pm
John and Tracey Tindall | Category: Helpful Tips, Listings & Selling your Home | Tagged , , , , , , , , , , , ,