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Sid Lezamiz

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Buying in 2019

by Sid Lezamiz

Who is Buying in 2019


Considering data gathered from closings and public filings, Realtor.com® has revealed some interesting facts that may be helpful if you are planning on buying or selling a property in the near future.


Millennials
 As would be expected the age group that is now most active in homebuying is the population born between 1981- 1996 and are currently aged 22-37 years old. The older of the millennials has started families, established jobs and are finally buying homes. The millennials strapped with huge educational debt have been slow to become active in the housing market.

Single Women                                                                                                                                         Single women comprise the largest demographic of home buyers other than married couples. They are responsible for 17% of U.S. homebuying. Single men accounted for only 7%.

Hispanics                                                                                                                                             During 2017 Hispanic homebuyers accounted for 15% of homes sold in the U.S. Mostly in the states of Texas, Florida and California their influence in the housing market has recently been noted also in the states of Iowa, Kansas and Utah.

Knowing your buyer and preparing and staging your home to appeal to todays buyer is key to a successful and quick sale.

Days on the Market

by Sid Lezamiz

Days on the Market


With the abundance of property information available at the fingertips of buyers on the internet, one of the most-used pieces of information when looking at listings is days on the market.

Just as the heading declares, it gives buyers a quick and easy glance as to how many days a property has been listed with no sale. Markets vary, but a general rule of thumb by real estate agents is a listing goes stale at around 30 days.

Buyers use the days on the market information to immediately determine the possibilities of pricing. If they are interested in the property it signals an opportunity to present a lower than listing price offer. In most markets a stale listing will usually require a reduction or correction in price to revive and generate new interest and visibility. Sometimes multiple corrections if the initial listing price was too far off the market value.

Correcting the price after a listing goes stale signposts a downward trend and often results in disappointing results. The importance of succinct pricing at market value is clear. Trying a higher than market listing price for even a short amount of time will quickly add days on the market and funnel the listing to a stale with price correction listing.

Buying a FISBO

by Sid Lezamiz

Unlike in most other professional fields, real estate sales are sometimes deemed a DIY project by sellers. In active sellers’ markets especially, sometimes a DIY home owner takes on the job of selling their own home.


If you are a buyer and see a property you may be interested in is For Sale by Owner, it does not mean you need to be a DIY-buyer. A professional licensed agent can still represent and assist you as a buyer in finding, negotiating and closing a sale. It is up to the agent to collaborate with the seller to fund a commission for their work in a completed sale.


A buyers’ agent will:


        • Know a fictious asking price when they see it
        • Know it is essential to have a third-party professional inspection
        • Know how to negotiate many things including price, closing dates and property inclusions or exclusions
        • Know the legal requirements in the state and county the FISBO is located, to successfully complete a sale

If you are interested in a FISBO does not mean you need to be a DIY- buyer. Get it right and contact a licensed Realtor® to represent and protect you as a buyer.

Idaho Potato Museum

by Sid Lezamiz

Early spring is a great time to start thinking ahead to summer. When you live in the great state of Idaho, your spring and summer plans should not just be about projects for your home, but also plans for family fun chosen from the many options available on Visit Idaho website.

https://visitidaho.org/

Two hours from Twin Falls in Blackfoot, Idaho and located in the old Oregon Short Line Railroad Depot, is the Idaho Potato Museum. Greeted by a giant baked potato, you can learn everything about potatoes. Growing, harvesting, nutrition and trivia.

The Spud Sellar Gift Shop has an impressive selection of potato-themed gift items and Potato Station Café serves…potatoes, in several interesting ways including in salads, cupcakes and dipped in chocolate.
Open Monday through Saturday from 9:30 A.M to 5 P.M. with extended hours during the months of June, July and August, the Idaho Potato Museum is a fantastic destination to add to your summer outing list.
 

http://idahopotatomuseum.com/

Spring Maintenance Projects

by Sid Lezamiz

We have already “sprung forward” on our clocks. It is now the time of year to do the little maintenance jobs on the exterior and the interior of you home, to keep the structure as well as moving parts in good repair and working order. These twice-yearly maintenance jobs go a long way to maintaining the value of your home.
 

Spring clean. Top to bottom. The windows. Behind the frig. Inside the frig. Clean the carpets. Knock down cobwebs.
 

Replace the furnace/AC filter. Schedule an AC check and clean by a professional.
Replace any torn or damaged window screens.
 

Check the roof. Look for missing or damaged shingles and have them replaced.
 

Check siding and window frames. Replace any rotten or damaged siding. Check caulking around the window frames and door frames and replace or fill-in as needed.
 

Clean gutters and downspouts. Clean debris from gutters and replace any downspout areas that show damage or wear.

Make your own list. As you work on your spring jobs, keep a list of other clean-up or maintenance jobs you see that need to be done.

Keeping your home in top shape is the most important way to retain the full market value, as well as the comfort and enjoyment for your family.

Buyers’ Most Important Rooms

by Sid Lezamiz

As we enter the busiest and most important real estate buying and selling period of the year, it is worth noting some important statistics gathered by the National Association of Realtors®.
Upon collecting feedback from buyers’ agents, the following is a list of the most important rooms to stage and present well to buyers for the best first impression.
Living room or great room. Usually the first room to enter and the room most-used in a home. Any showing will be served well by taking the time and effort to de-clutter, clean and spruce up this very important area, creating a positive first impression.
Master bedroom. Somewhat surprising as the second most important area to spend extra time staging. Increasingly, a sanctuary for home owners with busy lives and families, buyers are interested in the master bedroom and bath.
Kitchen. The all-important kitchen is the third most important room, according to agents. In the past the kitchen may have been first on this list. Changing life styles and how families live have shifted the kitchen to the third spot.
Along with the three most important rooms to stage well, agents also recommended the top three improvements to execute for showings.
• declutter
• entire home deep cleaning
• remove pets during showings

Garage Doors

by Sid Lezamiz

When considering how to improve the curb appeal of your home, one often overlooked element is the garage door. Many times, garage doors are ignored until they are damaged or so old and broken, they don’t work and must be replaced. But they are an important part of curb appeal, in many instances as important as the front door.
Garage doors that face the street are especially crucial to the curb appeal and overall look of your home. It should reflect the design and style of the house. Rather than plain panels, add detail that reflects the style of your house.
• Small windowpanes for a traditional look
• Cross pieces to create a barn door or rustic look
• Horizontal windows mimicking a mid-century or modern look
You can change the look of your home by tricking out or replacing your garage door.
Finish off an updated look with style-appropriate light fixtures to show off your new and improved door.

Three Quick LED Lighting Updates

by Sid Lezamiz

Lighting with LED’s is the biggest trend in home lighting in years. And it is with good reason. LED lighting offers:
• Great light and color quality
• Energy efficient, using 80% less energy than incandescent
• Do not generate heat, stay cool
• Durable and long-lasting
Downlights. Because LED’s do not generate heat, new ultra-thin downlight kits are available, allowing installation in nearly any ceiling. Replacing ceiling fixtures with downlights, instantly gives visual height to a room.
Edison bulbs. The new LED Edison bulbs in all shapes and sizes are an integral part of the current look in lighting fixtures. Replacing candelabra flame-look incandescent bulbs with new LED Edison-style bulbs offers an instant update for many outdated fixtures.
Patio LED strands. Outdoor string lighting is easily found in many different looks and styles. Highlighting an outdoor area by looping strands of lights across a deck or patio overhang, or creating an area using posts is an easy way to create an all-important outdoor living area.

What Home Buyers Want in 2019

by Sid Lezamiz

The National Association of Home Builders conducts an annual survey (since 2003) tracking what home buyers really want in their homes. The survey gathers information from recent home buyers who have purchased homes in the last three years and from prospective home buyers who plan to purchase a home within the next 3 years. The order of importance of the features they look for ranges from essential/must have to desirable.
The following list orders the “essential” items for 2019 buyers.
1. Laundry room
2. Ceiling fan
3. Double kitchen sink
4. Energy Star rated appliances
5. Energy Star rated windows
6. Garage storage
7. Exterior lighting
8. Patio
9. Walk-in pantry
10. Hardwood flooring
Of note is the patio. Although it currently is # 8 on the list, it has increased in importance for home buyers every year since the survey began.
The list can serve as a guide for home sellers also. Upgrading or improving the items on the list has the potential to impact buyers.

10 Fun Facts About Idaho

by Sid Lezamiz

1. Borders. Idaho shares a border with Montana, Wyoming, Utah, Nevada, Oregon, Washington and the country of Canada.
2. Smurf Turf. The Boise State Broncos is home to the world’s only BLUE football field. It is lovingly referred to as Smurf Turf https://varsityb.boisestate.edu/see-blue/.
3. Lentils. Idaho is home to The Lentil Capital of the World in Moscow (Idaho that is).
4. Hops. Elk Mountain Farms is the largest hops farm in the world and produces hops for Anheuser-Busch on 1800 acres of land in Bonners Ferry, Idaho.
5. Rivers. There are 3,100 miles of rivers in Idaho. More than any other state.
6. Fishing. BEWARE! It is illegal in Idaho to fish while sitting on the back of a camel or giraffe.
7. State Seal. The Idaho State Seal is the only one in the country that was designed by a woman, Emma Edwards Green.
8. Heaven and Hell. Heaven’s Gate is situated on the boundary of Hells Canyon National Recreation Area.
9. Carbonated Springs. Soda Springs is a group of thousands of natural carbonated springs in the area of Soda Springs, Idaho.
10. Fosbury Flop. A high-jump technique invented by Dick Fosbury when competing in the high jump at Ketchum, Idaho high school. See it here: Fosbury Flop https://www.youtube.com/watch?v=9SlVLyNixqU

Displaying blog entries 1-10 of 330

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Lezamiz Real Estate Co.
705 Fillmore, Suite 1
Twin Falls ID 83301
Office: 208-734-7007
info@lezamizrealestate.com
Fax: 208-732-5384