Boise Homes: Spring Maintenance Tips

Downspout Extension

Spring has sprung and our Winter weather is behind us.

Now, it’s time to think about some simple Spring home maintenance tips.

Lawn Care

If you have pressurized irrigation, you’ll soon have irrigation water available.

Now is a good time to apply your first feeding of fertilizer to ensure that you will have a lawn that’s the envy of your neighborhood.

It’s also a good time to apply pre-emergent weed killer to your border areas.

Finally, remember to apply insect killer to your lawn to avoid billbug infestation.

If you have outdoor pets, consider using all-natural fertilizer and pesticides.

Spring showers, or your irrigation water, will make it easy to water in your fertilizer and pesticides.

Gutters

Our Spring season usually brings some rain, so it’s a good time to remove debris from your gutters and downspouts to ensure proper drainage.

Cleaning your gutters and downspouts will help prevent overflows that can cause crawlspace moisture.

I also recommend installing flexible downspout extensions if you haven’t already done so.

It’s always a good idea to channel drainage away from your foundation to avoid crawlspace moisture problems.

You can get them at Lowe’s or The Home Depot for about $8 and they’re a lot cheaper than the cost of remediating crawlspace moisture.

Foundation Vents

With our milder Spring weather, it’s time to open your foundation vents.

Opening your vents will allow cross-ventilation and help keep your crawlspace dry.

 

Boise Real Estate: Secret Codes Explained

You’ve probably noticed some of the “real estate speak” used to describe Boise real estate listings.

Here’s an insider’s view on how to interpret those descriptions.

Potential

Potential means the property is not yet what it could be, and may never be.

Cozy

You’ll become best friends with yourself if you buy this one.

Rare

This home is so odd that you may never see another one like it.

Hard-To-Find

You couldn’t find another property like this if you tried.

Amazing

Just when you thought you’d seen everything!

Stunning

Similar to amazing; only more so.

Classic

This property is really old.

Original

Little house on the prairie?

Quaint

Quaint is a synonym for odd.

Charmer

To the contrary, this home didn’t graduate from charm school!

Mature Landscaping

If it were hair, it would be gray.

 

Why I Practice Transparent Real Estate

I have long practiced what I call “transparent real estate”.

I reveal everything (good and bad) to my clients so they can “see through” their transaction with full disclosure and all facts on the table.

If you asked my clients, they would say that I am more of an advisor and educator than the traditional Realtor® who’s focused upon “closing the sale” or “getting the listing”.

In other words, I don’t talk anyone into doing anything!

If anything, I do the exact opposite and advise my clients to carefully consider potential drawbacks.

It’s a lot easier to work with people who are motivated and capable than it is to spend my time trying to convince (“close”) unmotivated prospects to act.

My clients hear both the positive and negative aspects of their proposed transaction from me without enduring the usual sales persuasion tactics.

If challenges arise during the course of the transaction, I share my concerns with them instead of concealing problems and pretending that everything is just fine.

It’s liberating to tell my clients the truth, educate and advise them, and then leave the decisions up to them because it removes the burden of persuasion from me.

Perhaps best of all, it allows me to face myself in the mirror without wondering if my clients will figure out the truth before closing.

The proper role of the professional real estate agent is to educate, inform, and selflessly advise their clients; not “close the deal” for their own best interests!

Allowing my clients to “own” their own decisions also relieves me of the burden of convincing them and keeping them pumped up until closing.

And, it tends to result in a very high percentage of closings vs. sales falling through.

It also allows me to work almost exclusively with referred and repeat clients!

 

How Boise Homes Get (un)Sold

I noticed a newly-installed SOLD sign rider on a home in a local neighborhood a week or so ago.

Then, a couple of days later, the SOLD rider was gone.

Obviously, the sellers thought they had sold their home, only to learn a few days later that they were still the proud owners.

While I don’t know the details of this particular transaction, it caused me to reflect upon what can go wrong in a transaction after a seller has accepted an offer.

Here are some possibilities:

Financing

It’s beyond me why anyone would make an offer on a home without first obtaining pre-approved financing, but it happens all the time.

Perhaps the buyer learned, after the seller accepted their offer, that they couldn’t get their financing after all?

Home Inspection Results

Most homes are sold contingent upon satisfactory results of a home inspection.

Perhaps the home inspection revealed issues that couldn’t be mutually resolved between the buyer and seller?

Buyer’s Remorse

People buy homes on emotion and it’s sometimes amazing how rapidly the thrill is gone after the buyers realize they have made a sudden, major decision.

We call that “buyer’s remorse”.

The bottom line?

Anything can happen in a real estate transaction.

It’s good to remember that a home isn’t truly sold until escrow closes.

 

Million Dollar Club = Real Estate’s Food Stamp Program

I smile every time I see a real estate agent bragging that they’re in the Million Dollar Club.

For way too long, real estate agents have obsessed over their “sales volume”, as though it was a big deal to sell a million dollars’ worth of homes.

Last time I checked, Albertson’s wasn’t accepting real estate sales volume at the checkout counter.

They wanted real money.

Fact is, membership in the Million Dollar Club is real estate’s equivalent of qualifying for food stamps.

Here’s why:

Most real estate transactions include a listing agent and a buyer’s agent.

If the transaction includes a 6% commission, that means each agent will receive a commission equal to 3% of the sales price.

One million in sales X 3% = $30,000 gross commission.

But, that’s not the end of it.

That $30,000 gross commission is then typically split with the agent’s broker.

It’s not uncommon for some agents to give up 40-50% of that $30,000 commission to their broker.

Let’s be generous and say that the agent is on a 60/40 split with their broker.

That results in $18,000 for the agent.

Then, there are agent expenses to consider.

Expenses like a car payment, annual dues, errors and omissions insurance, MLS fees, office fees, transaction fees, signs, websites, cell phone, etc.

The bottom line?

An agent who closes only one million in sales is living way below U.S. the poverty level.

All of which is why real estate agents should remove those embarrassing Million Dollar Club license frames from their cars.