Coeur d'AleneCurb AppealDalton GardensDalton Gardens ListingshomeIdahoKootenai CountyOur ListingsPhotographsReal EstateVideo March 18, 2011

Dalton Gardens Home: Possible In-Law Quarters

SOLD!

Investment PropertiesKootenai CountyOur ListingsPost FallsPost Falls ListingsPost Falls ListingsReal EstateRentalVideo March 17, 2011

Ross Point Estates Duplex: Great Rental History

Coeur d'AleneCoeur d'Alene ListingsCondoshomeIdahoKootenai CountyOur ListingsPhotographsReal EstateVideo March 17, 2011

Coeur d’Alene Condo in the Village

Coeur d'AleneHaydenHome OwnershipIdahoKootenai CountyMarket AnalysisMarket NewsMarket ValueNew ConstructionPost FallsPricingRathdrumReal EstateSellSellersWindermere March 11, 2011

2011 Windermere Market Review

Hello, Friends!

 Our Annual Windermere Report (see link below) is an overview of last year’s real estate market and a forecast of the trends, opportunities, and challenges we can expect in the coming months.

Forecasting the future is always a risky business.  However, we continue to remain optimistic about the future of our local real estate market.  Why? Because families and retiring baby boomers will continue to seek out healthy communities that offer recreational opportunities, excellent schools and quality health care.  And here in Kootenai County, we have these in abundance!

Are you interested in learning how all of this relates to the value of your property in today’s market?  Whether you are evaluating investment strategies, tax or estate planning, or perhaps considering a change of address, we are here to help you! We would be happy to prepare a market value report for you, compiled on activity in your local neighborhood and specific to your property.

If you would like a custom market value report, or if you know of someone who needs professional advice regarding real estate, please don’t hesitate to call us.

In the meantime, we hope you find the “Windermere Report” informative.  We look forward to talking to you soon.

Sincerely,

Randy & Christy Oetken

2011 Windermere Market Review 

Home OwnershipIdahoKootenai CountyNew ConstructionOur ListingsReal EstateSave MoneyTaxes February 9, 2011

Homeowners Exemption Information for 2011

2011 HOMEOWNERS EXEMPTION INFORMATION

Kootenai County Assessor’s Office
Administration Building
451 Government Way
Coeur d’Alene, ID

 WHAT IS THE HOMEOWNER’S EXEMPTION?
The Homeowners Exemption is an exemption provided by state law that saves the property owner money on their property taxes. This happens because the exemption deducts 1/2 of the assessed value of the buildings & the one acre home site, up to a maximum of

 $92,040 or 50%, whichever is less. 

This rate may be adjusted annually.

 WHO QUALIFIES?
A property owner who occupies the home as their primary residence and is an Idaho resident.

 HOW DO YOU QUALIFY?

  • A valid Idaho drivers license (if you drive)
  • Vehicle is licensed in Idaho (if you own a vehicle)
  • If the property is in a trust, bring the entire trust with you
  • Registered Idaho voter (if you vote)
  • If you file income tax; at the appropriate time the property owner
  • Would file a full year Idaho resident income tax return
  • You reside in Idaho for a majority of the year

 WHEN DO I FILE?

  • On new construction the owner must apply within thirty (30) days of purchase.
  • On existing homes the deadline for applying is April 15th of the year that you occupied the home.

 WHERE DO I FILE?

The Homeowners Exemption Applications are available, and must be filed in the Assessor’s Office. The Assessor’s Office is located at 451 Government Way on the main floor of the Administration building, next to the information desk.

FOR FURTHER ASSISTANCE ~

Call the Assessor’s Office at (208) 446-1513

E-mail bwilliams@kcgov.us

Revised

Thank you, Pioneer Title Company for this timely information!

AcreageBuild Your Custom HomeCoeur d'Alene ListingsHaydenHayden ListingsHome ImprovementHome OwnershipNew ConstructionOur ListingsRathdrumRathdrum ListingsReal Estate January 27, 2011

On The Level: Hire the Right Contractor!

Here’s another great article from our friends at Hibbard Construction, offering 
valuable advice on on hiring and working with contractors.

Considering a home remodel in the near future?  If you are thinking of hiring a contractor to do the job for you, it is important to have a plan before you embark on your home improvement journey. 

It is no secret that the success of any home remodel project will depend significantly on qualified craftsmen, quality materials and an experienced contractor that can adequately deal with the unforeseen obsticals that almost always arise during these projects. 

To ensure the most affordable and succesful outcome, it is vitally important to hire the best contractor for your project. Follow these steps to help you select the right contractor for the job.

Do your homework…
Start by getting written detailed bids from three reputable contractors. When comparing bids, make sure you are comparing apples to apples and not apples to oranges.  It is in your best interest to ask lots of questions. This is where you will flush out the details that are most important in identifying the specifics of your project and the scope of work the potential contractor can perform. 

Don’t assume that the lowest bid is the best deal.  Differences in materials will have a huge impact on the price of your project.  Make certain your bids are based on the same quality materials.  Also take into consideration the time frame it will take to complete the project.  There is nothing more frustrating than a project that takes longer to complete than originally anticipated.

Verify that the contractor’s license is active and check to see that the contractor is in good standing with the Bureau of Occupational Licenses. You can visit the web site at www.ibol.idaho.gov to see if your contractor is in good standing or has had complaints, liens or other derogatory claims filed against them.

Ask for and then check references. Look at other jobs the contractor has completed. Ask if you can speak directly to past clients.  Are they current with their vendors?  How long have they been in business?  Longevity is a good indicator that a contractor is good at what they do and that they conduct business with honesty and integrity.

Ask the contractor questions…
Do they have the experience and expertise to do the work you want done?  Ask for past examples similar to the type of project you are considering.  What makes them qualified to do this type of work.

Who will do the actual work: the contractor, subcontractors, or employees?  Desirable results are most often achieved if the contractor has his own employees on the job site.  Quality control is easier achieved in this manner.  If some of the work is to be performed by a subcontractor, ask how long that contractor has been doing business with the sub.  Be sure to ask for references and check to see if the subcontractor is in good standing with the Bureau of Occupational Licenses.

Other important questions to ask are: who is responsible for obtaining any necessary building permits?  Are architectural plans necessary for this project? How many other jobs will the contractor be working on at the same time as yours? 

It is important to know what written warranties are offered.  These can vary from project to project. If you plan on purchasing appliances, tubs, sinks and miscellaneous hardware for the project, are warranties available for those items, too? 

Lastly, it is important to know who you can call if you have questions or concerns during the project.  Is there a foreman or superintendent that can address concerns and is easy to contact?

Ask yourself…
Can I communicate with this contractor? Communication is vital during the project.  If the contractor cannot communicate before a contract is even agreed upon, the likelihood of having successful communications during the project is pretty slim.  Important decisions will be hard to make during the project process.  This can lead to a stressful home life during the project, and the overall project outcome may be less than desirable.

Does this contractor seem honest and forthright?  Is he looking out for your best interest?  A good contractor will tell you if your home improvement project is an over-improvement.  They will keep in mind that a good return on investment is key to keeping the value of your home in line with the surrounding homes in the neighborhood.

Do I have reasonable expectations, including being prepared for unexpected costs and delays?  This is a tricky one — Depending on the age of your home and the scope of work being performed, the unexpected can take a project in an entirely different direction.  It is important that a contractor keeps this in mind and communicates any unusual circumstances immediately and thoroughly to the homeowner.

A carefully written contract includes at least…
A list of materials to be used including quality, quantity, weight, color, size, brand names, etc. It is important and it needs to be concise in order to clarify the scope of work to be performed. 

A list of allowance items and the budgeted amount should be included as well. An allowance is a specific amount of money to buy items not yet selected. When these items (such as light fixtures) exceed the allowance, the homeowner pays the additional amount.

Agree in advance to a payment schedule that coincides with work as it is completed.  Be sure that your contract contains an agreement that the contractor and the homeowner will sign all “change orders”.  Each change order should be dated and include the nature and cost of the change. The change order will include who is responsible for any additional cost.

Workmanship warranties and specifically what they cover are also important to have outlined in your contract.  We live in an imperfect world and sometimes things don’t always work they way in which they were intended.  If it’s a manufacturing defect, does the manufacturer cover it?  A reputable contractor will use materials that have these types of warranties and provide warranties for work performed by his crew.

Start and completion dates are also important to include in your contract.  This is your insurance that the project will be completed in a timely manner.  If the completion date changes because of unforeseen obstacles, a change order should be created depicting the change.  Then a new completion date should be set.

And finally, the total price of the project should be clearly outlined in the contract as well.  A thorough contractor will create a budget for the entire project and operate within those amounts.  A detailed list of all expenses is important in understanding the entire scope of work being contracted. It helps both the homeowner and contractor keep the project on track financially.

With our extensive knowledge of the building industry, impressive list of professionals whom we’ve come to trust over the years, and expertise in guiding our clients through all kinds of Real Estate transactions, we are uniquely qualified to help you build your home.  

As REALTORS®, we’ll help you through every phase of building your new house, so you can build your life.  We can help you find Builders, Floorplans, and Land for your Dream Home or Estate.

Put us to work for you!

BuyersHome OwnershipMarket NewsPricingReal EstateSell January 27, 2011

Good News: Existing Home Sales Jump

As you wander through life,
whatever be your goal,
keep your eye on the donut
and not on the hole!
-Sign in the Mayflower Coffee Shop, Chicago



This quote came to us through our Windermere Coeur d’Alene Realty newsletter this week, and we thought you would appreciate it.

It’s also a great introduction to the Market News that we want to pass along to you today.  It’s GOOD NEWS, especially in the context of the news of recent years. 

Daily Real Estate News  |  January 20, 2011
REALTOR® Magazine-Daily News-December Existing-Home Sales Jump

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.

Lawrence Yun, NAR chief economist, said sales are on an uptrend. “December was a good finish to 2010, when sales fluctuate more than normal. The pattern over the past six months is clearly showing a recovery,” he said. “The December pace is near the volume we’re expecting for 2011, so the market is getting much closer to an adequate, sustainable level. The recovery will likely continue as job growth gains momentum and rising rents encourage more renters into ownership while exceptional affordability conditions remain.”

The national median existing-home price for all housing types was $168,800 in December, which is 1.0 percent below December 2009. Distressed homes rose to a 36 percent market share in December from 33 percent in November, and 32 percent in December 2009.

 “The modest rise in distressed sales, which typically are discounted 10 to 15 percent relative to traditional homes, dampened the median price in December, but the flat price trend continues,” Yun explained.

We’ve been focusing on the donut instead of the hole – and we’ve already closed several transactions in 2011!

We have strategies that WORK!  We can help you buy or sell real estate this year. Call us Today!

Randy or Christy Oetken
208-660-0506



Coeur d'AleneCoeur d'Alene ListingshomeIdahoKootenai CountyLake Coeur d'AleneOur ListingsReal Estate January 18, 2011

Coeur d’Alene Luxury View Home: 2 Suites on 2 Lots

PERPETUAL PARTY POTENTIAL! Entertain with Penache in this Central CDA View property, overlooking the Lake, City & Mountains.

Seller Financing is Available.

Take the Virtual Tour here!

Call Christy Oetken 208-660-0506

Check it out at www.RealEstate-Browser.com

View Browser’s Listings!

Browser's FriendsBuyersCoeur d'AleneCougar GulchHolidaysHome OwnershipIdahoKootenai CountyOur ListingsPhotographsPricingReal Estate January 17, 2011

Browser’s Friends in Cougar Gulch

Browser wants to give a “Howl-Out” to our new friends in Cougar Gulch area.  We sold them this property last year, and we were so pleased to receive their Christmas Card last month.   Here are the pictures of their beautiful family enjoying Christmas in their new home!

We would LOVE to help you find your dream home!  With low interest rates, abundant choices, and  low prices, now is a great time to buy.

Let us help you Own The Lifestyle.

Visit Browser’s Photo Gallery of all his Friends on his Facebook Fan Page “Browser’s BFF’s

FreehomeHome ImprovementHome OwnershipIdahoSave Money December 22, 2010

ON THE LEVEL: Save Money on Utility Bills This Winter

Here’s some more great stuff from our friends at Hibbard Construction.

Our summer tans have long since faded, the patio furniture and BBQ grill have been stored and the first winter snowfall has already hit the Treasure Valley.  It is safe to say winter has officially arrived and for many so have enormous heating costs.

The television and web are full of great ideas on how to save money on energy costs, but more often than not it takes money to save money. Over the course of building homes for the last 40 years, Hibbard Construction employs building practices to ensure the energy efficiency of our homes.

In 2009, we conducted a survey of our past clients from the last 15 years and inquired about the energy costs of their “Hibbard Home”.  We were delighted to learn that our homes are still some of the most energy efficient homes built and that our customer’s energy costs are still well below the average cost of most homeowners with similar sized homes.

For many, making the initial investment on an energy efficient new home or on major home improvement projects to make a home more energy efficient just isn’t in the cards this year.

But, that doesn’t mean you are out of options. There are some simple things you can do to cut your heating costs. Below you will find nine tips on how to save money on energy bills without breaking the bank. Each tip should cost from nothing to very little. With a little ingenuity you can reduce your heating bills this winter.

1.      Bundle up! Running around with shorts and a tank top in the middle of winter just doesn’t make much sense. Winter is winter because it is cold, so act like it even if you’re just sitting around the house. Put on a sweater or sweatshirt; wear socks and fuzzy slippers (who isn’t more comfortable in their favorite sweats anyways?). Place a soft, comfy blanket on the couch to cuddle up in while watching TV, reading or chatting with friends. Put throw rugs on hardwood and tile floors to eliminate the shock of the ice-cold surfaces. It doesn’t cost anything to wear warmer clothes inside and by doing so you can keep the temperature inside the house a few degrees cooler and save big.

2.       Not all doors and windows are created equal and not all are used in the winter, so plastic up the windows and doors that are going to go unused. There are window kits for sale for about $5 per window. These can help to eliminate drafts to keep in the heat! 

3.      Turn the heat down at night and when no one is home. This doesn’t mean turn the heat to 40 degrees, but turning it down to 60 overnight or while you’re away can make a big difference. Think about it; why keep it 70 degrees when you’re either sleeping (add an extra blanket to your bed) or out of the house for more than 12 hours a day? You can adjust the thermostat manually for free, but if you want to spend a few bucks a programmable thermostat is a great investment.

4.      After baking cookies or making dinner in the oven, leave the door open a crack. There’s a lot of heat in that oven, so letting it escape puts the heat to good use by warming up the kitchen and surrounding rooms.  This means the furnace has to run a little bit less.

5.      Use a space heater only in the current room you are occupying (remember to use caution with space heaters, as they are a very common source of home fires). This will take the nip out of the air to make you feel more comfortable without heating all of the other rooms in the house and wasting energy.

6.      Use silicone to fill any cracks in doors, windows, etc, including the basement floor and walls. You would be surprised at how much heat is lost through cracks that seem insignificant. A tube of caulk or silicone will only run you a few dollars and, it’s an easy weekend project.

7.      Close any vents going to rooms that are not used regularly. That guest room that sits empty when you don’t have any guests? Close the door and the vents. Doing so, can easily cut 100-200 square feet off of your energy footprint.

8.      Put weather stripping around windows and doors. Weather stripping helps quite a bit, especially in older homes. You’d be surprised how the seals around your doors and windows can deteriorate over time.

9.      Cover up the attic entry with plastic, pieces of insulation, old blankets, weather stripping, saran wrap, painter drop cloth, or even a few old shirts. Any of it will help to slow, if not, stop, the drafts and warm air from floating away through your roof. Heat rises and may be getting pulled right up through the attic so you may not notice a cold draft even though your expensive hot air is floating away.

These tips won’t save you thousands like installing all new energy efficient windows would.  But they will help you to save as much as possible and make a noticeable difference on your heating bill and take but a few minutes and maybe a few dollars to implement.

We would look forward to hearing from you regarding questions you may have or discussing ideas and developing a plan that would fit your budget if you are looking to make energy efficient improvements to save more money in the long run.