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October
27

Add Value to Your Home with These Upgrades

Home Renovations That Offer the Best ROI for Resale

The following is a guest post by GUSTAVO GONZALEZ, Senior Manager of Content and Multimedia at Coldwell Banker Real Estate, LLC

Looking to make some upgrades and wondering which will have the biggest payoff? If you guessed kitchen and bathrooms, you're spot on. Another good one is landscaping. Whether they're big or small, a few upgrades can pay big dividends when it's time to sell your home. Follow these tips to prioritize and put more money in your pocket when you're ready to sell.

Before you do anything, make sure you consider the value of your house, the neighborhood, the housing market where you live, and how soon you will sell after you make the improvements. If you live in a neighborhood where properties are selling for $300,000, doing a $150,000 renovation may not add as much to your property value as you might think.

Kitchens and Baths
One thing to keep in mind is that just because a remodel is expensive doesn't necessarily mean it will give you the best return on investment. Even minor updates can yield a big return. Consider painting, refinishing surfaces, and upgrading appliances, which can lead to a big payout.

Sticking to a budget is always important, and keep in mind that an average, medium-sized kitchen remodel can cost between $20,000 – $50,000, while the average bathroom remodel is $10,000. In most cases, homeowners see a return of 100% or more with a kitchen or bath remodel, so it's definitely worth the investment. Plus, you get to live in a beautiful new space.

A Finished Basement
If finishing your basement is something you've been putting off, now might be the perfect time. According to cost versus value surveys conducted annually by Remodeling magazine, "The average return on investment for a basement project is around 75 cents on the dollar. Besides the financial gains, refinishing a basement will add new functionality to your home: more bedrooms, more efficient storage, and more space for entertaining." Seems like a sure-fire win, win.

Add Curb Appeal
When buyers see that the outside of the property is taken care of, they'll be more excited to see the inside. Remember, first impressions make lasting impressions. According to Anji, "Curb appeal can increase your home value by 7%. Buyers are increasingly prioritizing outdoor living spaces and an attractive lawn has the biggest ROI at 256%. Trees can add $1,000 to $10,000 to your home value and simple landscape maintenance tasks usually pay for themselves."

Whether you're in the market to sell your home or just want to make some budget-friendly renovations that you and your family can enjoy, making the right upgrades can help enhance your quality of life and add a few more dollars to your bank account down the road.

October
17

Your Checklist for Fall Home Maintenance

It's Time to Get Ready for Fall

Delta Media Group

Fall is the perfect time of the year to do seasonal maintenance to keep your home running smoothly. Checking these items off your must-do list now will save you money and frustration later.

  1. Seal the leaks.
    Check around windows and doors for cracks that leak air. According to the U.S. Department of Energy Research, leaks can increase your heating bill by up to 10 percent. Seal the leaks with caulk or weather stripping as needed.

  2. Schedule heating equipment inspections.
    Call an HVAC professional to give your furnace an annual cleaning and tune-up. Doing this can increase the efficiency and safety of your furnace.

  3. Test the generator.
    Instead of waiting for the winter's first power outage, take your emergency generator for a test run now. Make sure you have extra fuel stored away.

  4. Inspect your home's exterior.
    A damaged exterior lets in water and pests. Check your siding for cracks, curling, dents, looseness, bowing, and decay. Make sure your masonry veneer isn't cracking or flaking, and your stucco is free from cracks.

  5. Clean the gutters.
    Although it's among the most common home maintenance tips, this one has greater benefits than you might imagine. Blocked gutters can cause leaks on your roof and in your basement as well as damage your exterior. Scoop leaves, dirt, and other debris from the gutters then spray them clean. As you clean, check for leaks and rust. Make sure your downspouts are directed away from your home.

  6. Check your roof.
    Damage to your roof puts your home at risk for leaks. Use binoculars or climb onto the roof to inspect for missing, damaged, curled, or loose shingles. Look the ridge shingles over for wind damage. The metal flashing in the roof valleys and around protrusions such as vents should be free from curling and damage.

  7. Inspect your walkways.
    Damaged driveways, sidewalks, and steps worsen when exposed to freezing temperatures and pose a hazard in icy conditions. Repair cracks wider than 1/8th inch, smooth uneven areas, and tighten loose railings.

  8. Prevent frozen pipes.
    Adding insulation to pipes in unheated areas is one of those simple home maintenance tips that can save you a lot of trouble and expense. Outdoors, put your garden hoses in storage and, if your outdoor faucets aren't frost-free, turn off your outdoor water supply and drain the faucets. Drain your irrigation system to prevent burst pipes and damaged sprinkler heads.

  9. Measure your foundation drainage.
    The ground around your foundation should slope away from your home at an angle of 6 inches down over 10 feet. This protects your foundation from water damage.

  10. Get the lawn and garden ready.
    If you spot any tree limbs that could fall or hit power lines during a windstorm, cut them back. Also, trim shrubbery and perennials as recommended for the species. Rake up leaves and either compost them or use them as mulch. Alternatively, check if your city offers a removal service.

October
3

Boost Your Curb Appeal this Fall

Curb Appeal Tips for Fall

Delta Media Group

First impressions are everything when it comes to selling your house.  When a potential home buyer drives by your home, what will they see?  The outside of your home should serve as a preview for the inside of your home.

"WOW" home buyers from the curb with these tips perfect for the fall. 

  1. Spruce up your lawn
    Brilliant fall foliage can automatically "sell" your home for showings, but that doesn't mean you should forget about raking the leaves and mowing.  Keep those leaves raked and give your lawn the TLC it needs to look great. Patch any brown spots, and water the lawn as long as possible to keep it green and vibrant.

  2. Plant fall flowers
    Once lawn maintenance is handled, add a splash of color to your landscape by planting fall flowers.  Some of the best fall flowers include vibrant mums, yellow marigolds, sedum, or goldenrod.  You can also place fall flowers in pots near your front door along with a few pumpkins as accents.

  3. Highlight the front door
    Calling attention to your front door is a good selling tactic no matter what season when you're selling your house.  Your front door is like an invitation to your home. Hang a fall wreath for added color and a festive touch.  A fresh coat of paint in a vivid color can make your entrance stand out.

  4. Tidy up the exterior
    During the fall, your home becomes more exposed making its exterior appearance even more important.  Before listing your home for sale, pressure wash your siding, sidewalks, and walkways.  Clean the windows.  Apply a fresh coat of paint as needed.

  5. Clear out the gutters
    Being diligent about home maintenance tells buyers you care about your home's upkeep.  Keeping your gutters and downspouts clear from leaves and debris protects your home from water damage and ups the ante for curb appeal.

  6. Invest in outdoor lighting
    Days get shorter during the fall.  Exterior light adds a touch of elegance and sophistication to your landscape and improves safety. Illuminate your walkways, front door, and important landscaping elements so the home shines no matter when people drive by.

  7. Keep outdoor decorations simple
    A simple fall wreath on the door and seasonal flowers make your home look inviting to potential homebuyers.  However, scarecrows and spooky Halloween decorations may "scare off" homebuyers and distract them from the gorgeous exterior you've worked so hard to otherwise create.

September
19

Why Should You Consider a Pre-Listing Inspection?

Should You Get a Home Inspection BEFORE Selling?

Delta Media Group

Selling your home? A recent survey showed more than 85 percent of buyers who applied for financing asked for an inspection of the home they intended to buy. Today's savvy home buyers rarely leave things up to chance — they want to be assured they are getting great value.

Despite this growing trend, many sellers still wait for buyers to take the initiative on inspections. A seller might save a few hundred dollars by waiting until the buyer makes the first move, but this is rarely worthwhile. In fact, there are many benefits to taking the plunge and getting an inspection as soon as you decide you are serious about putting your property on the market.

Let's look at six benefits of pre-listing home inspections:

  1. Attract More Buyers
    Savvy buyers who have purchased a property before will know about the necessity of a home inspection and will appreciate this is one less step (and expense) they need to worry about. New buyers seeking their first home may not be as savvy at first, but they will soon figure it out. All in all, an inspection will reassure and attract more would-be buyers.

  2. Accelerate the Sales Process
    Sooner or later, an inspection will happen — and when it does, it's bound to turn up something. Relatively minor issues might throw a wrench into your hopes of selling your home. When you get proactive, you have the chance to resolve problems that might otherwise add months to the sales process. Plus, in many cases, you can turn those fixes into part of your sales pitch.

  3. Provide a Stronger Negotiating Position
    Most home sales involve some "give and take" over the final price. Buyers will look for anything they can find as a reason to maneuver excess costs onto the seller. With a recent inspection report in hand, you can counter these moves without any sour grapes — you've gone the extra mile to ensure that everything in the home is on the up and up, after all!

  4. Reduce Recurring Repair Bills
    It isn't always easy to determine the true source of a recurring problem in a home, even a newer one. For example, if your toilet drains slowly, you might simply need to snake it... or you may have a major issue with your septic system. Whatever the case, an inspection helps you get to the real root of the problem. It saves money if you don't sell and improves your price if you do.

  5. Take Control of the Process
    Unless you find out something truly appalling, you don't necessarily have to take time to repair whatever an inspection turns up. Instead, you have the option of lowering your price or going "as-is." All in all, an inspection gives you the opportunity to take the steps that are right for you instead of running to catch up to a buyer whose inspection uncovers unwelcome surprises.

  6. If You're Selling Your Home, Start with an Inspection
    In today's real estate market, a seller's pre-inspection of a home is a mark of quality that buyers increasingly expect. If you put your home on the market and don't find interested buyers in a relatively short time, an inspection is one precaution you'll end up taking.

With all that in mind, selling your home should almost always start with an inspection. It's an essential step, just like making basic repairs, listing your home in the right places, staging it for potential buyers, and partnering with a real estate agent you can trust.

September
5

Easy Repair Hacks for Your Home

MAINTENANCE HACKS FOR YOUR HOME

From our friends at Delta Media Group

Little fixes around the home can take time and money. Try one of our quick tips to save both! 

  1. Fasten a Tennis Ball to your Mop Handles
    Never get on your hands and knees again to scrub scuff marks off your floor. Simply attach a fuzzy tennis ball to the end of your mop handle, and whenever you find a difficult scuff, flip the mop over and use the tennis ball to buff the mark from the floor.

    Bonus Hack: Keeping a couple of tennis balls in your swimming pool helps remove the oils, lotions, and sunscreens from the water.

  2. Plunge the Clogs from the Drains
    The next time your bathtub or sink drain backs up, don't reach for a bottle of expensive chemical drain cleaner. Grab your toilet plunger instead. Fill the basin with a few inches of water, use a bit of cloth to cover the overfill hole, and use the plunger over the drain. More often than the clog loosens after just a few plunges.

  3. Easy Spackle
    If your drywall cracks, make your own spackling compound by mixing a small amount of baking soda with glue.

  4. Loosen Stubborn Nails
    Whenever you engage in a home improvement project, there always seems to be that one nail that refuses to come out. A homeowner's trick that frequently works involves using a hairdryer to warm the nail, causing it to expand, creating a larger hole so that after the nail cools and returns to normal size, you can easily remove it.

  5. Repair Windows
    If you have a small hole or crack in your windows, fill the space with clear nail polish. It prevents the hole/crack from spreading when the temps drop below freezing.

  6. Caulking Made Easy
    Caulking isn't always a favorite home maintenance chore. Many struggle to keep the tip of the caulk gun straight or they find that they get caulk everywhere but the spot they want it at. Rather than having a professional come into handle routine caulking for you, stock up on painter's tape. Simply place a strip of painter's tape above and below the area you need to be caulked. Caulk the area and peel the tape away while the caulk is still wet. All the mess goes on the tape.

  7. Fix Holes in Drywall
    Don't worry if you get a small hole in your drywall. Fixing it is easy. Home improvement experts will tell you that you'll need to invest in paper tape or mesh. However, those with strong home maintenance skills know that all they really need is a small makeup brush to spackle their walls. Use the brush to fill the hole with spackle and sandpaper to sand down the spackle.

  8. Take the Elbow Grease Out of Shower Cleaning
    Rather than scrub by hand, easily clean your shower by fastening a foam ball to your cordless drill attachment. It'll have your shower gleaming in no time.

July
15

Coldwell Banker Scores Another Win in Recent Survey

Coldwell Banker Scores First in Agent Satisfaction. Again.

Confucius said, "Choose a job you love, and you will never have to work a day in your life." 

The real estate professionals across the Coldwell Banker brand are passionate about their industry – and about their brand. For the third time, Coldwell Banker Real Estate ranked #1 in agent satisfaction in the annual "Agent Priorities" report conducted by Quester.

Designed to keep what's important to agents top of mind, the report zeroes in on topics such as work/life balance, brand image, support, tools, and culture. Knowing what makes an agent more likely to stay with a company is a key component in what brokerages can do to foster positive work environments and grow their agents' businesses.

On a local level, Coldwell Banker Tomlinson combines the strength of the national tools with additional services designed to help our Realtors® list, sell, and learn.

Full-time managing brokers are in place to provide immediate assistance. Offices are staffed with Agent Services Experts (ASEs) to help with marketing, paperwork, and training. A company-wide marketing team is in place to create campaigns that support current market trends, listing types, and services.

With continuing education an important aspect of any business, Coldwell Banker Tomlinson offers in-house classes, regular lunch 'n' learn trainings, continuing education at no cost, and national certifications and classes.

To read the results of the report, visit the Coldwell Banker Blue Matter blog.

July
18

Headache-Saving Home Maintenance to Tackle Now

Home Repairs that Can't Wait

Delta Media Group

Home improvement can be costly and time-consuming, so it's no surprise that many homeowners put off making repairs as long as possible. Smaller repairs can usually be safely left until the timing is more advantageous, perhaps when you have more money in the bank or some vacation time. There are some repairs, however, that should be taken care of as soon as possible. These home repairs are so important that failing to make them could result in serious injury and increased costs.

  1. Electrical System
    Some home improvement projects include work on the electrical system, such as installing a ceiling fan or changing a light switch. These are examples of repairs that can be done whenever you can fit them into your schedule. Some electrical problems require immediate action, though. These include unexplained circuit breaker failures, flickering or inconstant lighting, and switch plates and outlet covers that feel warm or hot. If you notice any of these problems, it's a good idea to enlist the help of a qualified electrician as soon as possible.

  2. Roofing
    The roof is an important part of your home's defense against the elements. Leaks, missing or damaged shingles, and sagging areas need to be addressed as soon as you notice them. A sagging roof could collapse under the weight of snow or heavy wind and may indicate other problems like improper attic ventilation. In addition, small leaks and damaged areas can lead to big problems like rotted support beams, mold growth, and an overall weakened structure.

  3. Foundation
    Foundation cracks are a fairly common problem, but many people choose to ignore them when they're small. This leads to their spread and growth, eventually becoming so problematic that it can cost many thousands of dollars to repair. While smaller cracks don't typically contribute to structural instability, as they grow larger, they increasingly undermine the foundation's integrity. In extreme cases, this can lead to the collapse of the entire home. Have foundation problems been addressed as soon as they arise, both to save money and ensure safety?

  4. Gas Lines
    Gas leaks in your home can be extremely dangerous. Natural gas and propane are dense and have a tendency to "sink" below regular air. They pool in the low areas of your home, meaning that you're more likely to smell them (they smell like sulfur; "rotten eggs") on the first floor or in the basement if you have one. Anytime you smell gas, or even think you smell gas, get yourself and your family out of the home immediately and call the gas company from outside. Repairs to gas lines should be made before you return to your home, and only by experienced professionals.

  5. Plumbing
    Water leaks and damaged pipes give mold a perfect environment to take hold in your walls, and you may not notice a leak until long after it started. Should you notice any dark spots or weakened areas in walls, or water bills that seem abnormally high, it's important to find the cause and address it before it leads to larger problems.

Managing Home Improvement Tasks

It can be tempting to leave smaller home improvement tasks until "later," but keep in mind that doing so could cost you more in the long run. Not every repair constitutes an emergency, but that doesn't mean that non-emergency repairs should be ignored. Keep on top of home maintenance and repairs by keeping a checklist of necessary tasks; focus on completing one each weekend or each month. This will help you keep your home improvement projects from piling up and becoming major problems.

April
4

Easy Homemade Cleaning Products

DIY Products for Spring Cleaning

Sometimes it seems there is no end to house cleaning, and while there is no clear-cut answer for how to keep your home perfectly clean at all times, it might be surprising just how much you can do with a little baking soda and white vinegar.

Spot Cleaner for Carpet

  • After cleaning up any excess spill, sprinkle the carpet with baking soda or cornstarch. Let stand for 10 minutes and then vacuum.
  • Mix one tablespoon clear dishwashing liquid and one tablespoon white vinegar with two cups of warm water.
  • Using a white cloth, blot the stain with the vinegar solution.
  • Sponge with cold water and blot dry.

Oven Cleaner

  • Make a paste of baking soda and water.
  • Coat the oven (or just the dirty parts) with the paste and let stand overnight. Be sure to avoid the heating elements and bare metal.
  • Use a plastic spatula to remove the paste. (Wear rubber gloves.)
  • Wipe away any residue with a clean, wet sponge.

Grout Cleaners

  • Fill a spray bottle with equal amounts of white vinegar and water and generously spray the tile/grout. Let sit about five minutes.
  • Scrub area with a grout brush, or even a toothbrush.
  • Rinse with warm water.
  • If stains are more stubborn, mix a paste of baking soda and water and using your grout brush, work it into the grout.
  • Immediately follow with the vinegar spray. This should cause the baking soda paste to bubble.
  • Use your brush to finish cleaning.
  • Rinse with warm water.
  • For mold or mildewed grout, hydrogen peroxide is a gem. Spray it on the stain, let sit for a few minutes, and then scrub with your grout brush. You can even mix baking soda and hydrogen peroxide into a paste for a stronger clean. Apply the paste to the grout lines, wait a few minutes, scrub and then rinse with water.
  • NOTE: Do not apply vinegar to grout that has not been properly sealed.

Showerhead Cleaner

  • Carefully mix 1/3 cup baking soda with 1 cup white vinegar in a plastic bag.
  • Place the bag over the showerhead, submerging the head in the mixture; secure bag with rubber band or twist-tie.
  • Let soak for at least 3 hours.
  • Wipe clean.

 Window Cleaner

  • Mix together in a spray bottle: ¼ cup vinegar, ½ tsp natural liquid soap, and 2 cups water. Shake to blend.
  • Spray on windows and use newspaper to rub dry & clean, avoiding the window frames (newspaper can leave dark marks on the frames).

March
16

Reflections & Predictions with Coldwell Banker President & CEO Ryan Gorman

What will 2022 Bring?

Recently, Coldwell Banker Tomlinson Realtors®, managers, and staff were honored with a visit from the President and CEO of Coldwell Banker Real Estate LLC, Ryan Gorman. Responsible for the operations that support our network of 94,000 real estate professionals in 3,000 offices in 43 countries across the globe, he made the trip from CB's New Jersey headquarters to speak with us about the wild ride that was 2021 and share his predictions about the state of our industry moving through 2022.

Though he foresees a continuation of a seller's market, he believes it won't be "the crazy, crazy" atmosphere we saw in 2021.  "Interest rates are ticking up which will slow things a bit," he said, but "inbound migration will continue to be strong, so it will be a long time before the market shifts."

When asked if he was surprised by the activity during the pandemic, he told us that though he did not predict the "nearly 10 years of appreciation in 18 months" in our area, Ryan said he wasn't surprised to see the market remain strong. Despite the economic downturn, "we had the most equity in homes that we had literally ever had (not on a percentage basis, but on an absolute basis), and we had tighter underwriting for almost 15 years by that point than we had almost ever had, so people had good opportunities."

Contributing to the history-making market, he noted, was that for the past five or so years our area has been named to list after list of best places to live, work, and raise a family, so as people were able to work, not only remotely, but more independently, they began to make good on the question if you could live anywhere, why not live somewhere great?  

In discussing the issue of low inventory, he is quick to point out that even buyers who have been in their homes two or three months may have equity that could propel them to look at selling to purchase something that better fits their dreams and goals and encouraged agents to inform their previous buyers what their homes are worth today. Buyers, he said, can leverage their equity to move more affordably to another neighborhood or city.

Recently named a "Real Estate Newsmaker" for 2021 and "Influencer" for 2022 by RisMedia, a highly respected real estate news and information service, Ryan says is most proud of Coldwell Banker's integrity. "Integrity is first. That's an easy answer. Coldwell Banker was founded on honesty and integrity, and that has lasted."

To learn more about Ryan's strategies for Coldwell Banker in 2022, check out his interview with Jordan Grice of RisMedia.

Search for your new home at cbspokane.com.

December
27

New Year's Resolutions for Your Home

Home Improvement for the New Year

2021 is almost over, and it's a good time to reflect upon the year, your wins, losses, and any lessons learned. Every new year brings with it possibilities to improve. It offers you a chance to reinvent yourself, and if you're in the market for a new home, our real estate agents can help you start the new year on a high note by helping you find your dream home.

Most people vow to exercise, save money, or spend more time with family. Few people remember to set goals to get their homes in shape. Let's look at some New Year's resolutions you can set for your home and how you can go about bringing them to fruition.

  • Declutter and Streamline
    Why wait for spring to declutter? Decluttering is one of the best ways to start the new year. And the best part is you get to feel instantly better about your home. Plus, a decluttered home is so much easier to look after and maintain. Decluttering an entire home is a big job. The best way to tackle the task is going room by room. Contrary to popular beliefs, you don't have to start with the hardest areas. Heading straight into the attic or garage could dissuade all your clean-up efforts. Once you're done decluttering your home, you can declutter other aspects of your life, too, like your digital life and your mind.

  • Reduce Your Energy Use
    Here's a resolution that helps you reduce your carbon footprint and save money. Installing a solar water heating system isn't the only way you can go green. Small things like switching traditional light bulbs with LEDs and getting a smart thermostat could drive your electricity costs down while helping conserve the environment.

    ​​​​​​​Changing your energy consumption habits could also lower your utility costs. Some practices that could help you trim your energy use include:
    • Switching off your appliances when they're not in use
    • Reducing appliance and water use whenever possible
    • Utilizing natural light
    • Buying appliances with a good energy rating
    • Recycling properly

  • Conduct a Safety Check
    Your house may be beautiful, but is it safe? Make a habit of regularly checking your smoke and carbon monoxide detectors and replacing the batteries. Repair and replace loose or frayed wires on all electrical devices and have an expert inspect your electrical system for any faults. If you have a pet, you should consider pet-proofing your home. Pets cause over 1,000 house fires each year. Pet proofing will protect your beloved furry friends as well as your home.

  • Improve Ventilation
    Prolonged exposure to polluted air can lead to respiratory conditions and diseases. Use your HVAC system as the first line of defense, and make sure to regularly change your furnace and AC filters. Plus, ensure your kitchen has enough ventilation to get rid of smoke and cooking fumes.

  • Invest in Home Improvement Projects
    Home makeover ideas don't have to involve knocking down a wall or adding square footage. DIY projects are a fun and creative way to spend time with your family and make memories, all while transforming your house into the haven you've always desired.

Nothing beats the feeling of finally moving into your own home. Contact us today so we can help you find your perfect home among our Spokane homes for sale.

October
29

Should You Renovate or Move?

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:

  • 70% of respondents want more outdoor living space
  • 69% of respondents want a home office (48% wanted multiple offices)
  • 46% of respondents want a multi-function room/flexible space
  • 42% of respondents want an au pair/in-law suite
  • 39% of respondents want an exercise room/yoga space

If you're a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

  1. A possible desire to relocate
  2. The difference in the cost of a renovation versus a purchase
  3. Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house)

In either case, you'll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity.

Home Equity Is Skyrocketing

The record-setting increases in home prices over the last two years dramatically improved homeowners' equity. Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently:

"Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high."

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity.

If you decide to renovate, you'll need to refinance (or take out an equity loan) to access the equity. If you decide to move instead and use your equity as a down payment, you'll still need to mortgage the remaining difference between the down payment and the cost of your next home.

Mortgage rates are forecast to increase over the next year. Waiting to leverage your equity will probably mean you'll pay more to do so. According to the latest data from the Federal Housing Finance Agency (FHFA), almost 57% of current mortgage holders have a mortgage rate of 4% or below. If you're one of those homeowners, you can keep your mortgage rate under 4% by doing it now. If you're one of the 43% of homeowners with a mortgage rate over 4%, you may be able to do a cash-out refinance or buy a more expensive home without significantly increasing your monthly payment.

First Step: Determine the Amount of Equity in Your Home

If you're ready to either redesign your current house or find an existing or newly constructed home that has everything you want, the first thing you need to do is determine how much equity you have in your current home. To do that, you'll need two things:

  1. The current mortgage balance on your home
  2. The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To find the current market value of your house, you can pay several hundreds of dollars for an appraisal, or you can contact a local real estate professional who will be able to present to you, at no charge, a professional equity assessment report.

Bottom Line

If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home. Contact us today to help guide you through the process and help determine what makes the most sense for you!

October
25

7 Ways to Warm Up Your Home's Entryway

Entryway Tips

Your entryway is the first space guests experience when they step into your home. And more importantly, it is the first space you experience when you get home! As such, you really want your entryway to feel warm and welcoming. Here are a few useful tips to help you make your entryway a sight to behold.

  1. Include a Bench Seat
    Sometimes, entryways have a tendency to become cluttered with items like umbrellas, hats, and bags. Including a bench seat in your design takes care of this problem. You can store all of your accessories in the bench seat and also sit on the bench as you put your shoes on or otherwise prepare to go out.

  2. Create Symmetry With Two Plants
    In a small space like an entryway, decorating with symmetry can help create a sense of balance. An easy way to create symmetry is with two identical potted plants. If you have a bench seat, place one plant on either side of the bench. If you have a larger piece of furniture, such as a set of cabinets, you could place two small plants on top of it — one on either side. 

    Plants are perfect for an entryway because greenery evokes a calm, peaceful feeling. They also help unify the outdoors with the outdoors, which is exactly what your entryway is intended for.

  3. Include a Clock
    Clocks are timeless decor, and you don't see them in homes as often as you used to, now that everyone has the time on their own smartphone. But your entryway is the perfect place for a clock. People will appreciate knowing exactly what time it is as soon as they step in the door. You'll also appreciate being able to check the time without pulling your phone out as soon as you get home. A large, decorative clock mounted on the wall directly across from the door is perfect entryway decor.

  4. Use Warm Colors
    When choosing paint colors for your entryway, be sure to opt for warm undertones. This will subliminally make guests and family members feel cozy when they step into the space. "Warm colors" does not have to mean brown or red, either. Your paint store professional can point you towards all sorts of different colors with warm undertones.

  5. Include Large, Fuzzy Doormats
    Doormats can warm up your entryway not only visually but temperature-wise. In the winter, you'll really appreciate not having to step onto the chilly floor. Pick mats that are generously sized to fit everyone's shoes. Those with a plush or fuzzy look tend to make the space look and feel warmer.

  6. Add Texture, When Possible
    As you decorate your entryway, look for ways to add texture to the space. For example, you may include a wall hanging with some burlap. Or, you might find a light fixture with some roughly hewn wood in its design. Incorporating a mixture of smooth and rough textures can make any space feel warmer and more balanced overall.

  7. Install a Dimmer Switch
    If your entryway does not already have a dimmer switch, consider having one installed. This lets you set the mood for your home.

These tips can make any entryway give a warm welcome! If you're still looking for Spokane homes for sale, please feel free to reach out. We can help you navigate the house-hunting process with ease.

September
20

9 Tips for Buying and Selling Your Home at the Same Time

Selling your home while shopping for a new one can feel daunting to even the most seasoned homeowner––especially when the competition for housing is so high. That doesn't mean, though, that you should just throw up your hands and give up on moving altogether. In fact, as a current homeowner, you could be in a better position than most to capitalize on a seller's market and make a smooth transition from your old home to a new one.

We can help you prepare for the road ahead. Here are some of the most frequent concerns we hear from clients who are trying to buy and sell at the same time.

"What will I do if I sell my house before I can buy a new one?"

While it may be an inconvenience, this is a common scenario that can usually be handled with a little creativity and compromise. Here are some options to consider:

1: Flex your muscles as a seller.

In some cases, a buyer may agree to a rent-back clause that allows the seller to continue living in the home after closing for a set period of time and negotiated fee. We can discuss the benefits and risks involved and whether it's a good option for you.

2: Open your mind to short-term housing options.

If you're lucky enough to have family or friends who offer to take you in, that may be ideal. If not, check out furnished apartments, vacation rentals and month-to-month leases. If space is an issue, consider putting some of your furniture and possessions in storage.

3: Embrace the idea of selling now and buying later.

With cash on hand from the sale of your current home, you'll be in a better position to budget for and buy your next home. And by focusing on one step at a time, you can alleviate some of the pressure and uncertainty involved.

"What if I get stuck with two mortgages at the same time?"

If you can't afford to carry both mortgages, then selling before you buy may be best. (See Tip #3.) But if you have flexibility in your budget for some overlap, it is possible to manage a home sale and purchase simultaneously. Here are some steps to help streamline the process:

4: As you get ready to sell, simplify.

You can condense your sales timeline if you only focus on the renovations and tasks that matter most. We can advise you on the repairs and upgrades that are worth your time and investment.

5: Prep your paperwork.

If you'll need a mortgage for your next home purchase, get pre-approved in advance. And start pulling together relevant records for your current home, such as appliance warranties and renovation permits. That way, you'll be ready to provide quick answers to buyers' questions should they arise.

6: Ask about other contingencies that can be included in your contracts.

For example, it's possible to add a clause to your purchase offer that lets you cancel the contract if you haven't sold your previous home. This tactic could backfire, though, if you're competing with other buyers. We can discuss the pros and cons of contingencies and what's realistic given current market dynamics.

"What if I mess up my timing or burn out from all the stress?"

To make sure you're in the right headspace, take the time to slow down, breathe and delegate as much as possible. In addition:

7: Relax and accept that compromise is inevitable.

Rather than worry about getting every detail right with your housing search and home sale, trust that things will work out eventually––even if it doesn't look like your Plan A or even your Plan B or Plan C. Luckily, if you've got a good team of professionals, you can relax knowing that others have your back and are monitoring the details behind the scenes.

8: Don't worry too much if your path is straying from convention.

Remember that rules-of-thumb and home-buying trends are just that: they are estimates, not facts. So if your home search or sale isn't going exactly like your neighbor's, it doesn't mean that you are doomed to fail.

9: Enlist help early.

Which leads us to our final tip: If possible, call us early in the process. We'll not only provide you with key guidance on what you should do to prep your current property for sale, we'll also help you narrow down the parameters for your next one. That way, you'll be prepared to act quickly and confidently when it comes time to list your home and make an offer on a new one.

Call today for tailored advice that works for you

Buying and selling a home at the same time is challenging. But it doesn't have to be a nightmare, and it can even be fun. Click here for a free consultation so that we can help you review your options and decide the best way forward - or visit our site for listing of homes for sale.

September
13

How to Prioritize Home Improvement Projects

Spokane Home Improvement

When looking at Spokane homes for sale, buyers often plan how they might fix up a home or make it their own. The right home improvements can go a long way towards making a home more livable and increasing its value. But as your list of home improvement projects grows, how do you decide which ones to tackle first? Here are some tips to help you prioritize your to-do list.

  • Improve Function Before Looks
    Most home improvement projects can be placed into one of two categories. Either the project is aimed at improving the function of the home, or it's aimed at improving the appearance of the home. Painting your walls a different color, for example, is an appearance-based home improvement. Replacing a leaking window is a function-based improvement.

    Tackling functional improvements before looks-based ones will help keep your home safe, secure, and resistant to additional damage.

  • Do Small Projects First
    If your long to-do list is starting to intimidate you, sometimes the best approach is to tackle the smallest, least-demanding projects first. This allows you to start crossing things off your list, which can jump-start your motivation and give you the drive to keep going. 

    Also, consider breaking your big projects down into smaller projects. This helps make them more approachable. For example, instead of writing down "paint all rooms," you could write down, separately, "paint the bedroom," "paint the kitchen," and "paint the bathroom."

  • Consider ROI
    ROI stands for "return on investment." This is something that real estate agents think about a lot when talking about home improvements with clients. 

    If you are considering moving any time soon, you want to tackle the projects with the largest ROI first. This will help you earn more when you sell your home. For instance, replacing leaky windows generally comes with a great ROI, whereas adding shelves to the laundry room may not.

  • Do What Fits Your Budget
    There may be some projects you would love to tackle but can't afford to right now. There are likely other improvements that are in your budget.

    Rather than continuing to put off projects until you've saved more money, do what you can afford to do right now. Then, as your income increases or your financial situation otherwise changes, you can move on to more expensive projects.

  • Ask What Makes the Most Impact
    Another way to prioritize your home improvement projects is to ask yourself which ones have the most overall impact on your life.

    If you cook every day and your old kitchen is really bothering you, for example, renovating the kitchen may be a priority task. If the paint is peeling in the spare bathroom, but you only use that room once a month, that project can probably wait.

  • Prioritize the Preventative
    If there are any home improvements that will prevent problems in the future, tackle those first. This will reduce your workload and costs overall.

    For instance, if your gutters are old and leaky, you need to replace them to prevent damage to your foundation and landscaping. This is more important than painting a bedroom.

By using one, some, or all of the strategies above, you can better prioritize your home improvement tasks. If you're thinking of moving to a new home or selling your current one. Click here to learn more about our services.

August
30

House Care Calendar: A Seasonal Guide to Maintaining Your Home

From summer vacations to winter holidays, it seems each season offers the perfect excuse to put off our to-do list. But be careful, homeowners: neglecting your home's maintenance could put your personal safety—and one of your largest financial investments—at serious risk.

In no time at all, small problems can lead to extensive and expensive repairs. And even if you avoid a catastrophe, those minor issues can still have a big impact. Spokane Homes for Sale that are not well maintained can lose 10 percent (or more) of their appraised value.

The good news is, by dedicating a few hours each season to properly maintaining your home, you can ensure a safe living environment for you and your family ... and actually increase the value of your home by one percent annually!

While this checklist should not be considered a complete list of your home's maintenance needs, it can serve as a general seasonal guide to maintaining your property throughout the year.

SPRING

After a long, cold winter, many of us look forward to a fresh start in the spring. Wash away the winter grime, open the windows, and prepare your home for warmer weather and backyard barbecues.

INSIDE

  • Conduct Annual Spring Cleaning
  • Shut Down Heating System
  • Tune Up A/C
  • Check Plumbing
  • Inspect Smoke Alarm & Batteries
  • Check Carbon Monoxide Detector
  • Check Water Filters & Replace as needed
  • Clean out Sink & Shower Drains

OUTSIDE

  • Inspect Perimeter of Home & Deck
  • Clean Home's Exterior
  • Clean Gutters and Downspouts
  • Seed or Sod Lawn & Fertilize
  • Apply a Pre-Emergent Herbicide
  • Plant Flowers & Mulch Beds
  • Tune Up Lawn Mower
  • Inspect Sprinkler System

SUMMER

Summer is generally the time to relax and enjoy your home, but a little time devoted to maintenance will help ensure it looks great and runs efficiently throughout the season.

INSIDE

  • Adjust Ceiling Fans
  • Clean A/C Filters
  • Clear Dryer Vent
  • Check Weather Stripping

OUTSIDE

  • Mow Lawn Regularly
  • Water Early in the Morning
  • Weed Weekly
  • Exterminate Pests

FALL

Fall ushers in another busy season of home maintenance as you prepare your home for the winter weather ahead.

INSIDE

  • Have Heater Serviced
  • Shut Down A/C for the Winter
  • Inspect Chimney
  • Seal Windows and Doors
  • Check Smoke Alarm & Carbon Monoxide Detectors

OUTSIDE

  • Plant Fall Flowers, Grass and Shrubs
  • Rake or Mow Leaves
  • Apply Fall Fertilizer
  • Inspect Gutters and Roof
  • Shut Down Sprinkler System
  • Close Pool

WINTER

While it can be tempting to ignore home maintenance issues in the winter, snow and freezing temperatures can do major damage if left untreated. Follow these steps to ensure your house survives the winter months.

INSIDE

  • Maintain Heating System
  • Tune Up Generator
  • Prevent Frozen Pipes
  • Adjust Ceiling Fans

.

OUTSIDE

  • Drain and Shut Off Outdoor Faucets
  • Remove Window Screens
  • Service Snowblower
  • Stock Up on Ice Melt
  • Watch Out for Ice Dams
  • Check for Snow Buildup on Trees

ARE YOU LOOKING FOR HELP

...with home maintenance or repairs? We have an extensive network of trusted contractors and service providers and are happy to provide referrals! Call or email us, and we can connect you with one of our preferred vendors. Contact us

August
16

Interior Design Trends: Cottagecore Home Decor

When you buy a new home, you want it to be a reflection of you and your style. As you consider various trends, you may come across a popular new one called cottagecore. But what is it, exactly, and will it work for your interior design needs? Essentially, cottagecore home decor is a nostalgic journey to a simpler time and place. If sipping tea in a garden, breathing in the delicate scent of roses and honeysuckle strikes your fancy, this could very well be the interior design style you are seeking. If the homes you are asking to be shown are reminiscent of country living, you may want to consider these key elements:

  • Nostalgia
    From the garden to the living room, the house should speak of bygone days. This may look different to each person. If your cherished memories include crocheted Afghans and ruffled curtains, by all means, include them. If they lean more toward the brown leather overstuffed couch and the roll-top desk you might find in an 1890's ranch house, then go that direction. It's even possible to blend styles a bit in this very unscripted decor. If you have antiques or just books and knick-knacks that have been in the family for a long time, cottagecore provides a perfect setting to display them.
  • Simplicity
    Although many of us work in the world of technology, we don't all want to live there. When incorporating cottagecore interior design trends, necessary technology will often be hidden inside wooden cabinetry or disguised in other clever ways. The lifestyle celebrates minimalism, including handcrafting, home cooking, and creativity over video games. Rather than the cold, sleek surfaces you will find in industrial decor, you will find the warmth of wood, the natural textures of organic materials, and the cozy atmosphere they bring. Shining wooden floors with simple rugs and a wooden coffee table that reflect the same color as the floor. You might find the same wood theme repeated in bathrooms and bedrooms. 
  • Nature
    Embracing nature is critical to the cottagecore style. This doesn't mean that you must raise your own chickens and livestock in order to enjoy the designs. But the interior of the home should blend with the environment surrounding the exterior. This can be accomplished with muted colors, natural materials, house plants, and fresh or dried flowers. Imagine a little girl collecting wildflowers and displaying them in a milk bottle. The romantic ideal of rural living can be reflected in prints and paintings without the less pleasant realities of farm life. An indoor herb garden is just the right touch to a cozy kitchen, while the fresh herbs bring your recipes to life. 
  • Vintage
    Antiques are certainly great additions to cottagecore home decor, but you can obtain the vintage feel without an extensive collection. Simple lines, wooden frames, and natural textures will help balance the design. Wooden chairs next to pristine white wainscotting in the dining room are reminiscent of homes of a hundred years ago, even if they were just purchased recently. The elegance of a colorful quilt can carry the sleeper back to Grandma's house. Overstuffed chairs reupholstered with soft, nubby fabrics or floral designs are both frugal and practical, echoing the lifestyle of the past as much as the appearance. 
  • Do-it-yourself
    To truly embrace the cottagecore lifestyle, you should bring in your own creations. Have you learned to embroider? Frame an original piece and hang it on the wall. Did you grow your own fruits and vegetables? Proudly store them in wire baskets on the kitchen counter. Craftspeople know that you can't create anything worthwhile without making a little mess. You can embrace the clutter a bit without letting it take over. A basket of colorful yarn complete with knitting needles will actually enhance the decor of the den. A loom in the corner will make a fascinating conversation piece. You may even discover common interests with friends you didn't know existed. 

If you've been waiting for some of the vintage things you love to come back in style, the time has come. Our real estate professionals will be happy to help you find your new home. Contact us when you're ready to make the change. 

July
2

How to Bridge the Appraisal Gap in Today's Real Estate Market

If you're searching for drama, don't limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs, the appraisal process is receiving more attention than ever. That's because, in a rapidly appreciating market, a property is more likely to appraise below the sales price—which can lead to major repercussions for both buyers and sellers.

It's never been more important to understand the appraisal process and the risks involved. It's also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you're a buyer) or overcompensating (if you're a seller). Find out how appraisals work—and in some cases, don't work—in today's unique real estate environment.

APPRAISAL REQUIREMENTS

An appraisal is an objective assessment of a property's market value performed by an independent authorized appraiser. Mortgage lenders require an appraisal to lower their risk of loss in the event a buyer defaults on their loan.

In most cases, a licensed appraiser will analyze the property's condition and review the value of comparable properties that have recently sold. Appraisal requirements can vary by lender and loan type, and in today's market, in-person appraisal waivers have become much more common. If you're applying for a mortgage, be sure to ask your lender about their specific terms.

APPRAISALS IN A RAPIDLY SHIFTING MARKET

An appraisal contingency is a standard inclusion in a home offer. It enables the buyer to make the closing of the transaction dependent on a satisfactory appraisal wherein the value of the property is at or near the purchase price. This helps to reassure the buyer (and their lender) that they are paying fair market value for the home and allows them to cancel the contract if the appraisal is lower than expected.

Low appraisals are not common, but they are more likely to happen in a rapidly appreciating market, like the one we're experiencing now. That's because appraisers must use comparable sales (commonly referred to as comps) to determine a property's value. This could include homes that went under contract weeks or even months ago. With home prices rising so quickly, today's comps may be lagging behind the market's current reality. Thus, the appraiser could be basing their assessment on stale data, resulting in a low valuation.

HOW ARE BUYERS AND SELLERS IMPACTED BY A LOW APPRAISAL?

When a property appraises for less than the contract price, you end up with an appraisal gap. In a more balanced market, that could be cause for a renegotiation. In today's market, however, sellers often hold the upper hand.

That's why some buyers are using the potential for an appraisal gap as a way to strengthen their bids. They're proposing to take on some or all of the risk of a low appraisal by adding gap coverage or a contingency waiver to their offer.

Appraisal Gap Coverage

Buyers with some extra cash on hand may opt to add an appraisal gap coverage clause to their offer. It provides an added level of reassurance to the sellers that, in the event of a low appraisal, the buyer is willing and able to cover the gap up to a certain amount.

For example, let's say a home is listed for $200,000 and the buyers offer $220,000 with $10,000 in appraisal gap coverage. Now, let's say the property appraises for $205,000. The new purchase price would be $215,000. The buyers would be responsible for paying $10,000 of that in cash directly to the seller because, in most cases, mortgage companies won't include appraisal gap coverage in a home loan.

Waiving The Appraisal Contingency

Some buyers with a higher risk tolerance—and the financial means—may be willing to waive the appraisal contingency altogether. However, this strategy isn't for everyone and must be considered on a case-by-case basis.

It's important to remember that waiving an appraisal contingency can leave a buyer vulnerable if the appraisal comes back much lower than the contract price. Without an appraisal contingency, a buyer will be obligated to cover the difference or be forced to walk away from the transaction and relinquish their earnest money deposit to the sellers.

It's vital that both buyers and sellers understand the benefits and risks involved with these and other competitive tactics that are becoming more commonplace in today's market. We can help you chart the best course of action given your individual circumstances.

DON'T WAIVE YOUR RIGHT TO THE BEST REPRESENTATION

You need a master negotiator on your side who has the skills, instincts, and experience to get the deal done...no matter what surprises may pop up along the way. If you're a buyer, we can help you compete in this unprecedented market—without getting steamrolled. And if you're a seller, we know how to get top dollar for your home while minimizing hassle and stress. Contact us today to schedule a complimentary consultation.

May
21

Finding a New Home for Your Next Stage of Life

Finding a New Home for Your Next Stage of Life

For most of us, our housing needs are cyclical. A newly independent adult can find freedom and flexibility in even a tiny apartment. That same space, to a growing family, would feel stifling. For empty nesters, a large home with several unused bedrooms can become impractical. It's no surprise that life transitions often trigger a home purchase.

While your home-buying journey may not look like your neighbor's or friend's, broad trends can help you understand what to keep in mind as you house hunt. After all, taking the time now to think about exactly what you need can save a lot of heartache later.

THE NEWLY MARRIED OR PARTNERED COUPLE

The financial and legal commitment of marriage has provided a springboard to homeownership for centuries, though these days more couples are buying homes without exchanging rings. But no matter your status, there are some key factors you should consider as you enter into your first home purchase together.

  • Affordability: While many buyers are holding out for their dream home, embracing the concept of a starter home can open a lot of doors. If you focus on buying a home you can afford now with strong potential for appreciation, you can build equity alongside your savings, positioning you to trade up to a larger home in the future if your needs change.
  • Mortgage rates: Mortgage rates are at historic lows, but they still require solid credit. If one partner's score is keeping you from getting a mortgage, consider taking out a loan in only the other partner's name. The downside is that applying for a mortgage with a single income will reduce your qualification amount. And if you take that route, make sure you understand the legal and financial implications for both parties should the relationship end.
  • Location: A successful relationship takes compromise, so it's important to consider both of your commutes and interests when choosing a neighborhood. Need some help identifying the ideal location that fits within your budget? We can match you with some great communities that offer the perfect mix of amenities and affordability.

THE GROWING FAMILY

Having kids changes everything. Whether you've just had your first child or are getting to the point where your kids can't comfortably share a bedroom any longer, there's plenty to consider when you're ready to size up to a home that will fit your growing family.

  • Schools: 53% of buyers with children under 18 say that school districts are a major factor in their home buying decision.But when you're moving to a new community, it can be tough to figure out what the schools are actually like. That's why talking to a local real estate agent can be a gamechanger.
  • Lifestyle: How will the home you purchase affect your family's lifestyle? Features like a pool, a finished basement, or an open floor plan can help you enjoy time together.
  • Functionality: Consider your day-to-day needs. Will a walk-in pantry or a well-designed laundry room make life easier? Chances are, you won't find every nice-to-have in one home. But we can help you assess your options and give you a sense of what is realistic within your budget.

THE EMPTY NESTERS

When we talk about empty nesters, we usually think about downsizing. With kids out of the house, extra rooms can quickly become more trouble than they're worth. But there's plenty for empty nesters to think about besides square footage.

  • Maintenance: Ready to relax or travel now that the kids are gone? Keep in mind that newer homes tend to require fewer repairs, and smaller homes have less space to clean. And if you don't love yard work, a condo or townhouse might be preferable to a single-family home.

  • Lifestyle: If you're retired (or nearing it), consider how you'd like to spend your days. For some, that might mean living near a golf course or a beach. For others, being able to walk downtown for a nice dinner out is the priority. And with more time to spend as you wish, proximity to a supportive community of friends and family is priceless.

  • Ability to age in place: We can't escape aging, so it's wise to think ahead. This may mean choosing a single-story home with a walk-in tub or shower. Location matters, too—if your family will be providing support, are they close by? Can you easily reach necessities like grocery stores and healthcare? A few careful considerations now can make staying in your home long-term much more feasible.

FINDING THE RIGHT HOME FOR RIGHT NOW

Whatever stage you're embarking on next, insight into local neighborhoods, prices, and housing stock will help you hone in on exactly where you want to live and what kind of home is right for you. Buying a home—whether it's your first or your fifth—is a big decision, but we're here to support you every step of the way.

We support the Fair Housing Act and equal opportunity housing.

April
26

Items You Should Toss While Spring Cleaning

Spokane Cleaning Tips

Spring cleaning is the perfect way to start the decluttering process before showing your house for sale or to start packing for a move. But if you've been in your home for a long time, the volume of junk you've been stashing may seem overwhelming. Our real estate agents will tell you eliminating clutter is an important key to maintaining a beautiful home. Breaking the job into manageable chunks can be very helpful. Make sure to toss out these items while doing your spring cleaning this year. 

  1. Outdated electronics
    How many cables do you actually need? You may have a drawer full of them. But don't stop there. In this day and age, technology far outstrips our ability to keep up with it. From old phones to speakers, you probably have a number of electronic devices you will never use again. Open that box and fill it with all of that outdated equipment and take it straight to the thrift store. Be careful to strip all personal information before donating.
     
  2. Clothes that don't fit
    From outgrown children's clothing to slacks from many pounds ago, these things have to go. Shelters can make good use of donated clothes for children and adults. They will serve a much greater purpose there than they will taking up space in your closet. Be sure to go through clothes in your closet and in your drawers. 

  3. Plasticware
    Time to toss those mismatched lids, plastic movie cups, and stained food containers. You'll be so surprised as to how much real estate they take in your kitchen. Besides being unsightly and messy, older plasticware can be dangerous to your health. As it breaks down with age, chemicals can get into your food. It's also difficult to ensure that no food particles are stuck on the surface.
      
  4. Expired food and medications
    We know to dispose of expired prescriptions but seldom think about over-the-counter medications. Every time we catch a cold, we buy new medications anyway, so why keep the old ones? Toss it when your illness passes or, if you did hang on to it, get rid of it now. Pantries and refrigerators should be purged on a regular basis according to shelf life. Check expiration dates then to make sure everything on the shelf is safe to consume. Condiments in the refrigerator are often used infrequently and can reach expiration dates long before they are empty. 

  5. Expired makeup and toiletries
    We all hesitate to dispose of makeup because it is so expensive. When we find the perfect product, we often cling to it. But makeup and skincare products generally expire in three to six months after they're opened. Using it after that date is asking for breakouts, rashes, and eye infections. Even the prettiest eyeshadow isn't worth that cost. Nail polish may not cause infections, but it does tend to get clumpy and not settle as well as it should. Avoid the frustration by tossing it and getting it out of the way.  

Now that your spring cleaning is complete, are you ready to list your home? If you're looking at Spokane homes for sale, or are thinking about putting your house on the market, contact us today. 

March
25

Crazy Prices: What's Really Driving Up the Cost of New Homes

From the March 2021 issue of @Home with Coldwell Banker Tomlinson.  Written by Chris Canning, Coldwell Banker Tomlinson Realtor®

As both a licensed REALTOR® and home builder, I often scroll through my Facebook feed and see homes advertised by our area homebuilders and fellow real estate agents. I often see such remarks as: "They want how much for that house? They're crazy!" or "Why can't builders build more affordable homes?" The general public is not aware of the obstacles faced by members of the industry tasked with meeting the demand for housing. Chief among these obstacles are: 1. A lack of affordable land. 2. Dramatic increases in the cost of materials. 3. The scarcity of qualified tradespeople.

  1. Land

    The first line item on any builder's ledger is lot cost. At present, Spokane is faced with issues in obtaining, developing, and delivering reasonably priced lots to builders. Briefly stated, Spokane's Comprehensive Plan dictates when, where, and how development and construction can take place. Its purpose is to prioritize use of existing infrastructure and improvements before venturing into areas that would require expanding infrastructure. Unfortunately, the land within the boundaries of our "Comp Plan" that was easiest and most cost-effective to develop is gone, leaving only very complicated, expensive, steep, rocky, pieces of property to develop. Consequently, developers and builders are forced to confront more expensive and complicated properties and projects. Many consumers who are able are paying these increases, while others have simply been forced out of the market. Let's assume a builder can build a home for $200.00/sq/ft and obtain a fair profit. If the builder is able to obtain a building lot for $60,000, and builds a 1,500 sq/ft rancher – he would need to charge $360,000 for this home. If, due to scarcity, the cost of the lot rises to $80,000, the result is an increase in the finished cost of the home of about $22,000. Otherwise, the builder sees his/her margin of profit slip, which would make it more difficult to obtain financing. Ultimately, the consumer bears the brunt of the cost increase, while the only party to benefit is the original landowner.
     
  2. Materials

    You may have heard in the news recently that lumber prices have nearly doubled in our area and elsewhere across the nation. However, it's not just lumber that has seen extensive price increases due to scarcity. Across the board (no pun intended), shortages in roofing, wiring, flooring and other materials, have significantly increased the cost of building a new home today.
     
  3. Skilled Labor

    Ask any home builder in town why homes are costing more, and be prepared for a lecture on the shortage of labor in the building trades. As a millennial, I was pushed hard to pursue a career requiring a college degree. I wish I had known then how much demand Spokane would have for skilled labor in the building trades in 2021! Talking to the many friends and family I have working as skilled tradespeople, I find that every one of them is inundated with work, to the extent that they can choose whom they work for and what they should be paid. As a result, while today's new homes are not framed any straighter or plumbed more reliably than those built five years ago, they are a lot more expensive to build, and, thus, to buy.

Lurking behind every one of these factors in the increasing cost of new homes is the Demon of Demand. As long as Spokane remains the wonderful place to live it is and always has been, we can expect to see increases in the cost of housing, though perhaps less steep than we are coping with now, extending into the future.

March
22

What to do Before Listing Your Home

List home for sale

Whether you have lived in your home for several years or several decades, there may come a time when you decide to put your home up for sale. To tackle the challenge, our real estate agents will guide you through the process to make sure your home makes a big impression on potential buyers looking for Spokane homes for sale.

Putting your home on the market can be a stressful event, but you can eliminate stress by knowing what to do before listing your home. Prepare you home for the busy spring market by following these tips. 

  1. Make a Good First Impression
    You only have one chance to make a good impression on potential buyers. Your home may be spectacular on the inside, but buyers won't see that if they don't get through the front door. Your home's curb appeal is a key factor to get potential buyers inside. Outdoor lighting, fresh exterior paint, trimmed trees and shrubs, and colorful flower beds go a long way towards making a good first impression.

  2. Take the Home Out of Your House
    Your home's interior likely reflects your personal design style and interests, but buyers may have different style and interests. When selling your home, it's important to de-personalize it so buyers can see themselves living there. Before putting your home on the market, get rid of personal items like excessive family photos, memorabilia, and keepsakes that represent your lifestyle.

  3. Focus on the Kitchen
    Most buyers consider the kitchen the most important room in the house. If your kitchen needs an upgrade, do it. A remodeled kitchen with fresh paint, new flooring, new cabinets and countertops, and upgraded appliances can give you an 85% return on your remodeling costs. If you can't afford to do everything, fresh paint, new cabinet hardware, good lighting, and one high-end appliance may be enough.

  4. Brighten Up Your Rooms
    Before you invite buyers into your home, light up your interior with sunshine and new lighting. If you have big windows, clean the windows, take down the draperies, and let the natural light into the room. For rooms with minimal sunlight, add new light fixtures or brighter bulbs to reflect warm, appealing spaces.

  5. Show a Spotless Interior
    Before showing your home, make sure your interior is spotless. Vacuum the carpets and rugs, wax the hardwood floors, wash the walls, clean the draperies and upholstery, and eliminate unnecessary clutter. Buyers want a house that reflects proper care and attention. If you have pets, make sure food bowls and litter boxes are clean. If you're planning an open house, send the critters to a pet hotel for the day.

  6. Empty Your Closets
    Storage is an important feature to any homebuyer. When viewing a potential new home, a buyer will open closets, drawers, cabinets, and storage areas to make sure storage is adequate for their needs. By emptying your closets and cabinets, a buyer can accurately assess storage spaces for their own stuff.

  7. Price It Right
    Before listing your home, check recent sales in your area. While an overpriced home can sit on the market for months, a home that's priced at the current market value for the area can receive multiple bids from buyers, often over the asking price.

If you're interested in selling your home, contact us to guide you through the process and make sure your home gets the attention it deserves.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/29/2022. The listing information on this page last changed on 11/29/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Coeur dAlene MLS (last updated Tue 11/29/2022 3:56:15 PM EST) or Spokane MLS (last updated Tue 11/29/2022 3:55:44 PM EST). Real estate listings held by brokerage firms other than Coldwell Banker Tomlinson may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --



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