May Residential Real Estate Update for North Idaho

Here is a link to our “May Real Estate Update“:
This Newsletter is full of interesting and useful information perfect for buyers, sellers, homeowners, or renters.
This month’s issue includes topics such as:
“First Time Buyers’ Dos And Don’ts”;
“Taking The Real Estate Investment Plunge”;
“Tax Rebate Uses For Buyers”;
“Review The Landscape Before You Buy Or Sell”;
“Housing Bills Will Help [...]

Sunshine Meadows Homeowners Association - Update

The meeting scheduled for April 3rd has been canceled.   Apparently, the ‘correct process’ was not done to hold the meeting.
Be looking for more information on this coming to current homeowners.  The process will be done correctly and a new meeting will be scheduled.
As soon as I know something, I’ll let you know here.

If you own a home in Prairie Falls or Grayling Estates in Post Falls, Idaho - this directly affects you . . .

Unfortunately, there is no resolution on this issue, so at this point, all I can do is report it to you:
City, homeowners group pass on option to buy Prairie Falls golf course
POST FALLS — Prairie Falls Golf Club is for sale for $6 million, leaving 242 property owners in limbo wondering whether they’ll be [...]

Sunshine Meadows - Notice of Special Membership Meeting

Sunshine Meadows Owners Association, Inc.
April 3rd, 2008
6:30pm
ELKS LODGE
1170 W. Prairie Avenue
Coeur d’Alene, ID 83815
Purpose:
Elect new board of directors
Moderator:
Stan Woods
Special Membership Meeting Agenda
Sunshine Meadows Owners Association, Inc.

Call the meeting to order
Call for the termination of term of the following directors/officers

Leon Seats, President
Les Chariton, Vice President
L.J. Brown, Secretary
Cindy Neiper, Treasurer
Dalen Gunn

Call for the nomination and election of [...]

Looking for a North Idaho “Cash Flow Club?”

We’ve got it - a North Idaho Cash Flow Club.
Over the past few months I’ve been pondering the idea of creating a Cash Flow Club. I’ve watched them in other areas of the country and have felt that the Coeur d’Alene area is in desperate need of a Cash Flow Club.
So, I’m taking the [...]

Help! We’ve done it again and it isn’t pretty . . .

We have lots of potential tenants but have run out of places to rent to them!!  If you have a home that is not renting, or hasn’t rented or you need rented - PLEASE CALL US!  We are desperate.  We manage hundreds of properties in North Idaho and just about every single one of them [...]

Is real estate price disclosure a good thing for Idaho? I say NO.

And my answer has nothing to do with “unfairly muscle in on turf controlled by multiple listing services, the private databases that allow real estate brokers to share information.” (This is what the Idaho Statesman thinks is the ‘real reason’ Realtors oppose disclosure).
No - I opposed disclosure because “Most states that require some form of [...]

Did your North Idaho property appreciate in value in 2007?

Despite depreciation in a few other areas of the country, North Idaho weathered 2007 well. The Coeur d’Alene MLS reports appreciation at 4.3% and OFHEO reports appreciation at 3.93% for the greater Coeur d’Alene area (to include Post Falls, Hayden Lake, Rathdrum, etc).
Nationally, new construction sales compromise approximately 12% of sales. In Kootenai [...]

Selling your home | Capital Gains Issues | What happens when my spouse dies?

Currently, homeowners who live in their home as their principle residence for 2 full years over the past 5 years are allowed to receive the profits from the sale of the home tax free, up to $250,000 in profits. If homeowners are married and file jointly, they can exclude up to $500,000 (or $250,000 [...]

Don’t bother trying to sell your home if you aren’t going to let anyone see it . . .

Think that is a ridiculous statement? Unfortunately, it’s all to true. Our buyer’s agents run into this issue all too often.
Last weekend, one of our buyer’s agents had clients ready to buy. I mean, ready to buy. Pre-approved, credit approved, down-payment in hand, ready to go. On Friday he started [...]