John L. Scott Real Estate
Monday, April 22, 2019
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Tuesday, September 3, 2013

MASSIVE CHANGE in the time line to qualify for a FHA loan to purchase a home AFTER you have a Short Sale, Foreclosure or Bankruptcy. 

In the past buyers had to wait 3-7 years to get new financing after defaulting on a home loan.  Now that time line is about to be shortened down to 12 MONTHS!

Posted by dawnmitchell at 9/3/2013 8:32:00 PM
Tuesday, August 20, 2013

Water managers for the Treasure Valley's largest irrigation will shut off water to 500 miles of canals on September 5th, marking a very early end to the irrigation season.

Officials with the Nampa & Meridian Irrigation District made the announcement today 8/20/2013. 

Typically, the irrigation season starts mid April through the first week of October.

Low snow pack and below normal precipitation are to blame for the early shut off.

What this means homeowners..... if available switch your sprinklers to city water or drag out the sprinklers to continue watering lawns and landscaping.  This is crucial to homeowners of new construction with new sod or seed.

Posted by dawnmitchell at 8/20/2013 6:54:00 PM
Wednesday, July 31, 2013

There’s been a lot of talk lately in markets across the country about a new housing bubble. A bubble is defined as period of time where the value of something — in this case, property — is based on ungrounded speculation of its future worth. The fast switch to a sellers’ market in many areas plus rising home prices and shrinking inventory have many people speculating that real estate values are climbing irrationally high. But that may not be the case.


Posted by dawnmitchell at 7/31/2013 7:24:00 PM
Friday, June 14, 2013
Posted by dawnmitchell at 6/14/2013 2:56:00 PM
Wednesday, June 12, 2013

Mortgage rates are rising.... They are projected to be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months. Certainly, rising rates are bad news for buyers and some potential homebuyers will be pushed out of the market. For example, the number of renter households that have sufficient income to buy a $177,000 home at a 3.5 percent mortgage rate is 17.8 million. The number drops to 14.9 million at a 5.0 percent mortgage rate, which is a decline in percentage terms of 16 percent. 

Posted by dawnmitchell at 6/12/2013 5:23:00 PM
Saturday, June 1, 2013
Tuesday, May 14, 2013

1.  Dirty

2.  Bad odor

3.  Outdated fixtures

4.  Wallpaper

5.  Poor curb appeal

6.  Clutter

7.  Overpriced!

Posted by dawnmitchell at 5/14/2013 6:17:00 PM
Tuesday, April 16, 2013
STETSON HOMES HAS TWO PARADE HOMES!!!! Legacy in Eagle & Larkspur in Meridian. The parade starts April 27th and ends May 12th. For more information..... contact me!!!! Stay tuned..... more to come......
Posted by dawnmitchell at 4/16/2013 10:32:00 PM
Monday, April 1, 2013
March was another great month for Boise Real Estate. 335 homes sold last month and only 20% of them were distressed (short sale or bank owned). Also, the average price is up and broke the $200,000 barrier at $201,870! Currently there are only 852 active homes for sale in Boise. There are a total of 723 homes pending. The demand for housing is high!!!! Affordability with low interest rates makes a lot of sense for long term investment!
Posted by dawnmitchell at 4/1/2013 10:29:00 PM
Sunday, March 24, 2013
Here is a short list of real estate moves that trigger surprising tax issues, pro and con: 1. Refinancing. American homeowners have been on a refinancing spree this year, spurred by continually low interest rates and a new resurgence in home values and equity. When you refinance into a lower interest rate mortgage than you previously had, the focus tends to be on the fact that your monthly payment is lower or that you can pay your home loan off faster with the same payment every month. What many fail to calculate for is that the tax deduction based on your mortgage interest is the largest tax perk of home ownership. Most homeowners are eligible to deduct 100% of the interest they pay on a mortgage up to $1 million on their primary residence. So, if you reduce the interest you pay, you also reduce your mortgage interest deduction. 2. Becoming a landlord. Smart real estate investors get up to speed on capital gains tax laws, as its no surprise that selling a rental property at a profit triggers
Posted by dawnmitchell at 3/24/2013 4:06:00 PM
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