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Sid Lezamiz

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Housing Trends 2019

by Sid Lezamiz

Housing Trends 2019


According to Realtor® Magazine the emerging trends for housing in 2019 are still closely tied to affordability and finances. But who lives in those homes and the amenities in the home is changing.


There is still a lack of affordable housing inventory. Millennials strapped with education debt and Hispanics an important group that is buying real estate, both are doing so with less purchasing power than the average buyer. Millennials have 19 percent less buying power and Hispanics have 12% less.


Repeat buyers are older. The average age of repeat buyers is 55. In 1981 the average age was 36. First time buyers age is fairly constant at 32, but the marital status has changed to include 18 percent single women and 16% unmarried couples.


Parenthood is down. Care for pets and aging parents is up. Birthrates are down with 2.4 births per woman. In the 1960’s that figure was 4.7. The percentage of home buyers in the U.S. with children is 34%. Housing for pets and multigenerational family living is an upward trending statistic.


Ownership in one home is getting longer. The length of ownership in a specific home averaged 6 years in 2008. Today it is averaging 9 to 10 years.


Buyers want staged homes. Referred to as the TV effect, staging is becoming increasingly important as buyers watch and expect the results they see on the many shows currently televised.


Home ownership is still the American Dream. Nine out of ten currently non-homeowners still view baseball, apple pie and owning a home the American Dream.

Maintenance Skills for Homeowners

by Sid Lezamiz

Maintenance Skills for Homeowners

Maintaining your home by constantly repairing and replacing parts of it when needed, is the most cost-effective way to hold its value while living in a home that looks good and functions well. Learning and using some basic skills as a homeowner will go a long way to keeping it that way.

Clean the gutters. Leaves, dirt and debris builds up in gutters and alters the rain flow which can create moisture inside the house and foundation. Clean gutters twice a year in the spring and fall.


Circuit breaker. Learn how to reset a circuit breaker. It is as easy as knowing where the panel is in your home and knowing how to reset, which normally is finding the errant breaker and simply turning the switch to “ON”. Have your electrician teach you if you are not confident.


Turning off the water supply. Know where and how to turn off the main water supply. Sometimes a special tool is needed. Find its location and make sure you can turn it off. Being able to locate and turn off water quickly can save damage to your home in the case of frozen pipes or an appliance that is malfunctioning.


Fixing drywall holes and dings. Learn how to fill nail holes and dings in your walls. Have a small tub of prepared drywall mud and a small putty knife with your tools. Filling nail holes after moving pictures or dings from kids or furniture moving will keep walls looking pristine.


You can find easy directions to all these tasks and many others on YouTube with video and step by step directions.

Keeping your home in good repair is the first step in holding its value.

Farmer's Almanac Predictions

by Sid Lezamiz

Farmer’s Almanac Predictions
Specifically, The Old Farmers Almanac founded by Robert B. Thomas and published annually since 1792. The Almanac is released the first Tuesday in September preceding the year on its cover. Considered a reference guide for weather forecasts, gardening and planting charts and basic trends for living.

Heavily used by farmers (hence its name) in the initial 150 years of its existence, to plan the planting and harvesting times for their crops and gardens, in more recent years it has become a quirky fun publication to find recipes, interesting daily trivia and trends. Still offering predictions of frost dates and moon dates, planting guides, recipes with an online presence at www.almanac.com , the Old Farmer’s Almanac also offers solutions to common problems around your home and yard.

The current Almanac weather prediction for Idaho in May 2019, included in the “Intermountain” area of the U.S. map:


          • May 1-10 Showers, cold north; sunny, warm south
          • May 11-17 Isolated showers; cool north, warm south
          • May 18-31 Isolated T-storms; cool north, sunny warm south
          • temperature, 57.5°
          • precipitation .5”


Although the weather predictions are only about 50% accurate, the Almanac is a fun publication to read with useful information for your home and family.

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.

Displaying blog entries 1-10 of 333

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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