Happy Thanksgiving! Mark your calendars for the annual Night Lights Parade the day after Thanksgiving in Pocatello, Idaho. On Friday, November 29th, 2013 at 6:30 p.m. this fun parade will go through the Center Street underpass and then down North Main Street of Pocatello. It will pass right by my real estate office – Keller Williams Realty at 150 N. Main Street. All of the parade entries will be covered with lights. It is a great way to begin the Christmas season. Santa will arrive and be available to the children. Dress warm. It is a fun parade every year.
Right after the parade will be the long anticipated lighting of the Chief Theatre sign. This will happen at about 8:00 p.m. once the parade is over. This is in the 200 block of North Main Street.
These community events are sponsored by Old Town Pocatello.
I want to announce some exciting news! Our real estate company has changed its name and has joined a national franchise. The Home Specialists Real Estate Company is now known as Keller Williams Realty East Idaho. We are still in the same location at 150 N. Main Street in Pocatello, Idaho. We did not change locations. You will begin to see some new for sale signs in the yards of the homes we are marketing for sale.
A national franchise can offer us additional support and exposure on the homes we have listed for sale. This change will be very beneficial to the agents in our office as well as the sellers we are working for. You will no longer see The Home Specialists advertising, but I am still available to help you, just under a new company name.
If you have any questions about Keller Williams Realty, or about the Pocatello, Idaho real estate services I offer, please call Greg Johnston, Realtor, at 208-232-9010.
A very fun Halloween activity is the annual Old Town Pocatello Trick-Or-Treat. Many of the businesses on Main Street, Arthur Street, and the side streets will be open to pass out candy to children. Wear a costume and join us on Halloween. This year, Halloween is on Thursday, October 31st, 2013. The Old Town Pocatello Trick-Or-Treat will be from 3:00 to 5:30 that day. I love this event. The streets are full with well over 1,000 children and adults in costume. It is fun to see everyone in their Halloween costume.
Make sure to look on the door of the business for an orange pumpkin sign. The orange pumpkin sign is an indication that the business is participating. Make sure to visit me at my real estate office. We will have candy to pass out. Stop by The Home Specialists Real Estate Company at 150 N. Main Street on October 31st. See you then!
Fall is in the air! Another quarter has passed by. The third quarter of 2013 represents the majority of our busy real estates season – the summer months in Pocatello, Idaho. It gives us a good indication of what is happening with our real estate market. Overall, I am very impressed with the sales figures for the past three months. Click on the link and take a look at the Market Statistics.
I like to compare this year to the same time last year. The number of sales show if the market is picking up or slowing down. The good news is that the total number of home sales has really increased! Comparing quarter to quarter, 2013 had 260 home sales compared to 211 in 2012. If we look at the last 12 months we have had 846 home sales now compared to only 691 for the same time frame last year. That is about a 20% increase in total home sales. Wohoo! The other good news is that the average sales price is up. The average sales price is about $7,000 higher now than it was at this time last year. That is about a 5% increase on home values. Wohoo! Things are looking up!
With homes selling, there is a need for new homes to be built. I am pleasantly surprised to see that the number of new home sales in 2013 is double the figure for 2012. So far this year we have sold 43 new homes on the MLS compared to 21 at this time last year.
Although more homes have sold, I noticed that we have more homes on the market now than before. We have 514 homes listed on the MLS now compared to 482 at this time last year. We have had more home sales, but we have not absorbed the inventory. Inventory levels have still increased. The other area where inventory levels have increased is with multi-family listings (duplexes and fourplexes). We have 68 for sale now compared to 36 last year – almost twice the number. That is a bad sign.
Things are looking better. I am curious to see if the trend continues through the last quarter of the year. I anticipate a slow down. Seasonally, the market slows down in the fourth quarter, but the market also feels like it has slowed down with the change in the air. Let’s be glad we had a good third quarter and hope for the best in the last quarter of the year. If you need help buying or selling real estate, or if you have any questions about the Pocatello, Idaho real estate market, please contact Greg Johnston, Realtor.
Short sales are still a very common part of the real estate market. However, many people still do not fully understand what is entailed in a short sale. Here is some information if you are a home seller considering a short sale on your home. This is intended to show you what information your mortgage company may ask for. Every company is different, but this is a good list showing what you need to provide and what your Realtor needs to provide. This information is then used to determine if you qualify for a short sale (Yes "IF" you qualify - not everyone does).
Items provided by you:
A signed letter of authorization allowing us to access the information on your account.
The last two months of your bank statements
The last two years tax returns – full copy with all pages
Copies of last two pay stubs, last years W2s, etc.
A signed current financial statement showing current income and monthly expenses
A signed hardship letter explaining your situation and why you cannot pay the mortgage. Go into great detail (lost job, divorce, death in family, medical bills, etc.).
A letter explaining the condition of the home (and repair bids as needed).
Items provided by us:
A short sale proposal letter
Copy of the listing agreement
Copy of the MLS data sheet and listing history
A market analysis and price opinion of the value of the home
Copy of the offer on the home signed by both buyer and seller
Copy of pre-approval letter for the new buyer
Items provided by others:
Estimated HUD settlement statement from title company
The lender will order an appraisal on the home
Payoff letters if there are other loans on the property
Title report from title company
All information that you provide needs to be true and correct. They do compare what you provide them to items in their file such as your loan application from the time you purchased the home. We may need to provide this to all lien holders on the property. Once we have all of this compiled we will send it to the lender and coordinate the possible short sale. They may not approve a short sale if you move out of the home. Please let us know if you have any questions about this, or need help preparing the information. Keep in mind that the lender is trying to determine if you have the ability to repay this loan, or if you will not be able to. This information will determine that.
If you have questions relating to short sales, and what would be required to complete a short sale on your home for sale in Pocatello, Idaho, please contact me, Greg Johnston, Realtor, at 232-9041.
I have just listed an amazing one-level home for only $129,900. One of the most commonly requested style of home is a one-level with no stairs. Many people prefer a one-level so they are not constantly going up and down stairs. This is a very popular floor plan. Here is what I just listed: 5912 Eve Street in Chubbuck. It is a 3 bedroom 2 bathroom home with a 2 car garage. It was built in 2001 and still looks new! The home has many upgrades. It has a gas fireplace. It has heated tile floors. There is a jetted tub in the master bathroom. It has central air conditioning. It has a full sprinkler system. The yard is nicely landscaped. It is a deal for $129,900 and will sell fast. If you are looking to buy a one-level home in the Pocatello and Chubbuck, Idaho area, please call Greg Johnton, Realtor, at 208-232-9041.
Here is a copy of the MLS data sheet to show you the detials and interior pictures of 5912 Eve.
I have an amazing custom home listed for sale at 5406 Skyview in Pocatello, Idaho. Skyview is located off Buckskin. This home is listed at only $475,000. This may be one of the best buys on the market right now! The home sits on almost 5 acres and has mature trees, privacy, and a nice valley view. The home is in great condition. Rather than having me list every detail of the home, click on this link to view the MLS details for 5406 Skyview.
Also, since I knew so many people would be interested in seeing this home I did a video tour of it. The video is eight minutes long. I wish it was shorter like most of my videos are, but there is a lot of space to cover and a lot of features to show you in this home. Take a look at the video:
This is the type of home that you want to seriously consider. It is a rare opportunity to get a custom home like this at this price. If you are interested in buying this home, please contact me quickly. If you know anyone who is interested in buying a new home in the Buckskin area, please have them call me at 232-9041. Thank you.
Mark Dahlquist, Executive Director of Pocatello Neighborhood Housing Services (PNHS) informed me that he was interviewed a few weeks ago by a reporter for MSN.com. The reporter was doing a nationwide news story about organizations who fix up dilapidated homes and help improve neighborhoods. It is neat that PNHS of Pocatello, Idaho was mentioned in the news article on MSN.com. PNHS improves our community and has done a great job for many years. I have helped Mark purchase and fix up many older homes in need of repair. I also love how PNHS builds new homes in older, existing neighborhoods. It is neat to drive down the street and see a few new homes clustered together. The neighbors also start to fix up the outside of their homes. PNHS has been a big partner for homeownership. They promote homebuyer education and have programs to help people buy a home. They have money available for homeowners to repair and improve their home. PNHS is doing a great job in our community in many ways. I thought you may want to read the news articles and see what is happening in Pocatello and nationwide. Here are the links:
Article on how to decide whether to save a home: http://realestate.msn.com/rehab-or-rebuild-is-an-old-house-worth-saving
Article about all the great work they are doing: http://realestate.msn.com/how-nonprofits-are-saving-run-down-homes
Slideshow of homes before and after rehab: http://realestate.msn.com/10-rehabbed-homes-stunning-before-and-afters
If you have any questions about buying or selling a home in need of repair, or a home that has been remodeled, please call Greg Johnston, Realtor, at 208-232-9041.
Right now is a great time to build a new home. Rockwell Homes is the most popular home builder in Pocatello. They are Southeast Idaho’s #1 home builder based on the total volume of homes built. If you are considering building a new home in Pocatello, Idaho or Chubbuck, Idaho, call me, Greg Johnston, Realtor at 208-232-9041. I am the exclusive listing agent for Rockwell Homes in Pocatello. Contact me if you would like to have Rockwell Homes build a new home for you.
As a Realtor, there are many things I can do to help you have your new home built. 1- I can show you the floor plans that are available and explain what upgrades and changes can be made to customize the house. 2- I can help you find a building lot to build on. Rockwell owns many lots, but they will build for you on any lot in the area. 3- I know which homes are not yet on the market. I can help you buy a home under construction, but not yet listed for sale. This can save you time. 4- If you own a home currently, I can help you sell it while your new home is being built.
Why should you build a new home? The answers are simple. By building a new home you will get exactly the home you want. You can customize it to meet your needs. You get to select the colors and materials. It is the paint colors you want. It is the carpet you selected. You get what you want! Plus, it is new! It is so nice to live in a new home that is yours and has only been yours. A new home is well built and more energy efficient than an older home. With better windows, insulation, and heating systems it will cost less in utility bills to live in a new home.
A new home can be built in four months. Let’s start now to get you into a new home. Call Greg Johnston, Realtor, at 208-232-9041 to begin the process of building a new home.
Home buyers! I have the cleanest home in town for $109,900 listed right now! The home is a complete remodel. It is beautiful. It has great curb appeal and landscaping. The inside is all redone - new kitchen cabinets, flooring, updated bathrooms, etc. The main components of the home are new - siding, roof, windows, furnace, plumbing, electrical, etc. This is a 4 bedroom, 2 bathroom home. Take a look at this video tour I put together:
If you know anyone looking for a home to buy in this price range please have them call ASAP. It will not last long. The clean, remodeled homes always sell fast! Call Greg Johnston, Realtor, at 232-9041. Thank you.