3/6/2024

Whether you are relocating from across the nation or across the state, you will find Boise area weather perplexing. For those of us that have lived here most of our lives, it’s the same ol’ thing. I’ve always said “If you don’t like the weather, drive 5 miles in any direction or wait 5 minutes.” Mother Nature is peculiar here. We are factually an arid- climate with just over 11 inches of rain and melted snow per year and boast over 200 days of wonderful sunshine each year. Having a basic understanding of our climate, will help you adapt in a more enjoyable way. Within a year, you’ll be able to appreciate its uniqueness and use it to your lifestyles advantage.

Winter months are mild with average low temperatures in the 20’s and high temperatures in the 30’s-40’s. Typically, there are a few weeks the end of January and beginning of February that we experience an inversion, which drops the temperatures. This is the time to bundle up and limit road travel. The roads will likely have a sciff of snow on them, but freezing temps combined with freezing rain creating black ice are where trouble begins. Leaving much earlier than normal, allowing several car lengths between you and the car in front of you, and driving attentively and slowly will get you where you need to go safely. We experience evening and morning snow that is often melted by lunch. We have a lot of mountainous areas and their snowfall is completely different. If you want more snow, you can find it within 30 minutes of Boise. If you travel 2 hours North or South, you will find knee to waist deep fresh powder.

Spring here is…wild. There is simply no other way to put it. Lows in the 30’s and highs in the 70’s make for several wardrobe and activity changes daily. You can literally ski at Bogus in the morning hours and be back in Boise for a round of afternoon golf. It is not uncommon to experience snow, hail, rain, and sunshine in the same day. Sometimes multiple times a day. You can’t be in a hurry to put Winter away, as it and Spring will have a tenacious battle specifically in March. April and May bring more rain, sunshine, budding flowers and trees, and warmer temperatures. Thunder and lightning storms are abundant and incredible. They can last several minutes or several hours and usually leave the sky filled with rainbows from end to end of the valley.

Summer is a sun loving persons dream come true. Lows in the 50’s and highs in the 90’s coupled with 6 a.m. sunrises and 9:30 sunsets ensure plenty of time for outdoor activities and adventures. You can hike, bike, fish or run before or after work. Or simply bask in the wondrous extended sunrises and sunsets that offer beauty and a sense of peace. There are endless opportunities for sightseeing, photography and recreation. I’ve lived here for over 50 years and I still haven’t experienced all of the hidden gems that Idaho has to offer. It is truly remarkable.

Fall is similar to Spring. Low’s in the 40’s (decreasing to the 30’s) and highs in the 80’s (declining to the 50’s). Once again you will find yourself in and out of different outfits and ventures. As the days begin to shorten and the temperatures change, you still have plenty of time and comfortable weather to stroll the greenbelt, patio dine and experience the fabulous array of fall colors. This is the time when the sky is truly remarkable and your camera should always be nearby. Light rain in the morning or evenings coupled with fluffy clouds make for amazing sunrises and sunsets.

When national sources speak of Idaho weather, they tend to lump it all together. There’s a huge misunderstanding about its patterns, locations and extent. With elevations ranging from 710-12,667 feet above sea level, there are a variety of types of seasons specific to each area. Knowing the differences can help you find the best location for you and your situation, while still being able to experience them all. Welcome to Idaho!

Crista Martin
crista@atova.com
208-577-7157

2/24/2024

Have you ever wondered where burglars turn to first if they successfully attempt a break-in? Ever wonder what would happen in your property should a fire break out? Ever wonder how long it will take to put out the fire? Ever wonder how long it will take for the Fire Department to actually arrive at your property? These are all valid questions you should be asking yourself when considering how to protect your yourself, your home and all of your valuable possessions.

Below are some tips and a few ways to protect yourself and your possessions.

1st off invest in a home safe, this is a great place to start, look for a good quality MADE IN AMERICA safe for all of your valuables. A safe that is pry-proof and fire rated is a good idea as well. Safes hold so much more than firearms, they can be used for cash, keys, stocks, paperwork and jewelry just to name a few of the items you should be securing. Also look for a safe company that offers a Lifetime Warranty, not just a Limited Warranty, Lifetime Warranty is the way to go. Look for a company that stands behind their product, and be prepared to invest in protecting your valuables.

2nd purchase and install Security Cameras, Ring offers an entry level DoorBell system that is available at your local Hardware Store as well as On-line. This system and others that compare are easy to use, install and bring peace of mind when traveling or away from your property.

The last tip for securing valuables at home is lighting, make sure your home is well lit. Make sure the address is lit and visible from the street to ensure any Law Enforcement or Fire Department responding to a call can easily find your home.

HAPPY HOME OWNERSHIP comes with securing all your valuables.

Cortie Noud
208-571-3148
cnoud@atova.com

2/11/2024

The real estate environment of today is characterized by a dynamic interplay of various factors, shaping a landscape that reflects both challenges and opportunities. In recent years, the sector has experienced unprecedented changes, driven by technological advancements, economic shifts, and evolving consumer preferences.

One of the most significant influences on today's real estate market is the rapid integration of technology. The advent of digital platforms, data analytics, and artificial intelligence has transformed the way properties are bought, sold, and managed. Online listing platforms, virtual tours, and predictive analytics have streamlined the property search process, providing buyers and sellers with more information and convenience. Blockchain technology is also making waves by enhancing transparency and security in real estate transactions.

Furthermore, economic factors play a crucial role in shaping the real estate environment. Global economic uncertainties, inflation rates, and interest rate fluctuations impact property values and financing options. The aftermath of the COVID-19 pandemic has ushered in a new era of remote work, influencing housing preferences and demand for properties in suburban and rural areas. The need for flexible and adaptable spaces has become a priority, challenging traditional notions of urban living.

Government policies and regulations also significantly influence the real estate landscape. Measures related to zoning, environmental considerations, and tax incentives shape development patterns and impact property values. Sustainable and eco-friendly practices are gaining prominence, reflecting a growing awareness of the environmental impact of real estate development.

The rise of the sharing economy has introduced new dynamics to the real estate market, with platforms like Airbnb affecting the traditional rental market. Investors and homeowners are increasingly exploring short-term rental opportunities, creating a blend of residential and commercial uses in certain areas.

In conclusion, today's real estate environment is a complex and dynamic ecosystem influenced by technological innovation, economic shifts, government policies, and changing consumer behaviors. Navigating this landscape requires stakeholders to stay informed, adapt to emerging trends, and embrace innovation. As the real estate sector continues to evolve, it presents both challenges and opportunities for those involved, shaping the way we live, work, and invest in property.

Cori Duncan
208-861-1663
cduncan@atova.com

2/3/2024

Home ownership is a great way to start to build wealth in one’s personal portfolio. As one builds equity in a personal residence, it is an opportunity to use that equity built in the form of a HELOC; also known as a Home Equity Line of Credit. This tool makes available to you, at a variable interest rate, a sum based on the dollar value of your ownership stake in your home. One of the best parts of a home equity line of credit is its versatility: You can use the funds for almost anything. But, given the nature of the financing, some uses are more suitable than others.
This is a common way for homeowners to tap into the value of the home for some quick cash. While this may sound like an easy way to pay off some debts or pay for a quick vacation, there are things to think about before using a HELOC.

You may be considering using a HELOC to take that vacation that you have been dreaming of. In general, this is not considered a good use of the funds. Save up money to pay for it; don't use your HELOC to fund it. If you fall behind on your HELOC payments, your lender can foreclose on you, eventually evicting you from your home and taking possession of it. Taking that risk to fund a vacation isn't worth it!!!

You may also be considering using HELOC funds for advanced education. Because the interest rates with HELOC’s can be lower than what you'd get with private student loans, you might consider funding all or part of your or your children's college tuition with a HELOC. Again, this is risky. If you stop making student loan payments, your credit score will tumble, but a lender can't take possession of your home. The same can't be said if you stop making payments on a HELOC.

Credit card debt is a little trickier. Credit card debt comes with sky-high interest rates. It might make financial sense, to use a HELOC to pay off your credit card debt, as the interest rate attached to the money you've borrowed against your HELOC will be far lower. Again, though, there is risk. If you're worried that you won't be able to afford your HELOC payments, don't borrow against your line of credit to pay off your credit card debt. Your credit card provider can't foreclose on your home if you fall behind on your payments.

HELOCs tend to come with lower interest rates than credit cards or personal loans, which makes them a more affordable option when financing home repairs or renovations. Using your HELOC to fund improvements that will increase the value of your home is the best use of your HELOC dollars. You'll even gain a tax benefit: You can write off the interest you pay on your HELOC if you use the funds for renovations or improvements that boost the value of your home.

HELOCs offer the flexibility of borrowing what you need and only when you need it, making them a good choice for those who lack a defined sum or those who require ongoing access to funding. Opening a HELOC provides access to a line of credit that you can draw from again and again for as long as 10 to 15 years. Managing this type of fund requires discipline and a plan for repayment, or you can easily get in over your head. “For fiscally responsible people, these can be amazing tools. For folks with less financial discipline or security, they can be devastatingly bad,” says Ryan Cicchelli, founder of Generations Insurance & Financial Services, a Cadillac, Mich.-based financial planning firm.
There are many cases in which a HELOC can provide a smart way to leverage the equity in your home to achieve other financial goals or pay for large expenses. Before opening a HELOC, however, it’s always a good idea to shop around and crunch the numbers, ensuring that this line of credit is truly the most cost-effective option. In addition, you should be diligent about responsibly managing the HELOC and develop a clear repayment plan that you can stick to.
Whatever you use the HELOC for, responsible management is the key.
“You can do this by only drawing funds that you feel secure in repaying relatively quickly, making timely payments and not digging in too deep,” says Ryan Cicchelli.

Carol Relf
208-761-2652
crelf@atova.com

1/28/2024

The secret is out for our fabulous “Treasure Valley” which includes our cities of Boise, Eagle, Meridian, Star, Nampa, Kuna, and Caldwell. Boise is our Capitol which naturally encourages individual civic outreach as many visit our awe-inspiring Capitol Building in downtown where the power lives and breathes. The quality of life cannot be overstated including so much for so many including almost all out-door activity imaginable including water/snow skiing, golf courses, motorbikes, and miles of trails for the hiker. The Morrison Center, and Esther Simplot Performing Arts Academy and more smaller venues for artists, musicians, teachers and/or participants. Each town/city has a personality of its own so one does not out-shine the other. The Village in Meridian was a new beginning of more locality quality of life expansion with fabulous restaurants, winter ice skating rink, and musical water fountain dancing for pure enjoyment. We are ready to introduce you to our scenic towns, majestic mountain views, rivers flowing through our fabulous parks, and a way of life that is nearly unmatched. We are growing as cities and invite you to be a part of the expansion of our wonderland.

Sandy Post
208-867-9736
spost@atova.com

1/21/2024

In the ever-evolving landscape of real estate, one factor that consistently commands the attention of both buyers and sellers is interest rates. Mortage interest rates play a pivotal role in shaping the dynamics of the real estate market, influencing everything from property values to the affordability of homeownership. In this blog post, we'll explore the intricate relationship between interest rates and real estate, shedding light on how fluctuations can impact various aspects of the market.

Interest rates, essentially the cost of borrowing money, have a direct effect on the housing market. When interest rates are low, borrowing becomes more affordable, enticing prospective homebuyers to enter the market. Conversely, high interest rates can act as a deterrent, making mortgages more expensive and potentially slowing down the pace of real estate transactions.

For homebuyers, the interest rate is a crucial factor in determining the affordability of a property. Even a seemingly small change in interest rates can have a significant impact on monthly mortgage payments. As rates rise, the cost of borrowing increases, potentially pricing some buyers out of the market or, forcing them to settle for a more modest home.

On the flip side, low-interest rates can spark a surge in demand for homes as buyers capitalize on the favorable borrowing conditions. This increased demand often leads to a rise in property prices, benefiting sellers who may see the value of their homes appreciate. However, the delicate balance between supply and demand and the many variables that shape our reale esate markets.

As we begin 2024, we once again find our selves in a changing dynamic. The 30 year fixed rate has fallen a full point from it high point near 8%, to current rates slightly below 7% (6.94% as of this writing), and forcasters are cautiously signaling futher reductions are we move throught the year. Will we see interest rates in below 4% again? In my opinion it’s very unlikely. However, rates in the mid 5% are real possiblity by the end of the year.

While falling mortgage rates may be good news for buyers, it is important to remember that improving interest rates will likely increase demand for existing homes, driving up home pricing, and potentialy negating the increased buying power that come with lower rates.

Real estate professionals closely monitor interest rate trends as they shape their strategies for buying or selling properties. A sudden spike in rates might prompt sellers to adjust their pricing expectations, while buyers may need to act swiftly to secure a property before affordability diminishes.

In conclusion, the ebb and flow of interest rates have a profound impact on the real estate market. Whether you're a first-time homebuyer, a seasoned investor, or a seller looking to capitalize on market trends, understanding the relationship between interest rates and real estate is crucial. Working in conjunction with Real Estate and Lending professionals will empower you to navigate the waves of the real estate market successfully.


Bob Poole
208-870-6931
bpoole@atova.com

1/14/2024

First-time homebuyers often face challenges related to credit scores, as they may not have an extensive credit history. It's advisable for prospective homebuyers to review their credit reports, address any discrepancies, and work on improving their credit scores before applying for a mortgage.
Improving credit scores can take anywhere from 1-3 months or even longer depending on the severity of the credit. Plan ahead! Understanding credit score requirements and taking steps to enhance creditworthiness can significantly impact the ability to purchase a home and influence the overall cost of homeownership. Credit monitoring helps you "Stay on top" of your credit, enabling you to be ready for the mortgage lending process without any surprises.
If you need help with your credit, contact me and I will get you in contact with someone who can help.

Grant Presol
509-592-5521
gpresol@atova.com

12/4/2023

Preparing to sell your home or just cleaning up after winter can seem daunting but with these quick tips, focusing on one task at a time, you will be less overwhelmed, and your home will be ready for spring in no time at all.

Surprisingly spring comes quickly once the holidays are over and your list of things-to-do is probably only getting longer. After playing, or hibernating, through the winter your list is probably a bit overwhelming and it’s time to get moving and get things spruced up. While waiting for the weather focus on tidying up inside, such as; donating unused items, organize the kitchen and bathroom cupboards, touch up paint, replace old caulk with a fresh new bead of caulk, be sure all lighting is in good working order (Clear lighting elevates our mood and is welcoming to guests), and clean the inside windows.

Once the weather has cleared enough to get going on the outside, focus on curb appeal, the front door or porch is a great place to start. Did you know that the front door gives a vital first impression to the home? Fresh paint or touch up to the porch/front door along with a new doormat goes a long way, clean the outside of the windows, rake the yard, fill holes in the siding with caulk and touch up paint where needed, and if you have a patio, create a welcoming feel by scrubbing it and freeing it from clutter. If you have outdoor furniture, arrange it on the patio to give it the warm feel of a comfortable place to entertain. This will give your home a fresh new look for the season whether you plan to stay or you are selling.

Want more tips, don’t hesitate to holler. We’re always happy to help.

Tia Dowdle
208-631-1396
tdowdle@atova.com

11/27/2023

If you are new to Idaho, and have never owned a home in a cold climate, here are some tips for preparing your home for the winter. Many of these things should have already been done by now, but if not, you may consider taking care of them before a deep freeze. This is especially true if you are selling your home and have already moved on to your new destination. Having a vacant home in the winter has its own set of challenges – but being prepared can take the fear and worry about something going wrong… because if you don’t take precautions, something can definitely go wrong. What are the most important things to think about? Here’s a list of things to consider:
• Have lawn watering system blown out to remove water from pipes. (You should do this by October or before the first freeze)
• Change batteries and test smoke alarms and carbon monoxide detectors.
• Have furnace inspected and serviced, and change furnace filter.
• Clean out gutters. This is to prevent ice dams that can cause roof leaks.
• Trim trees if needed. To prevent tree limbs from falling on the roof during a heavy snowfall.
• Turn off water to outdoor spigots if possible.
• Disconnect any garden hoses and cover the spigot. Try using a Styrofoam-type insulating cover to prevent freezing and condensation.
• Check all door and window weatherstripping for damage: Replace any damaged weather stripping.
• Check and repair any worn or damaged weather-stripping caulk.
• Store or protect outdoor lawn furniture.
• Wrap or protect delicate shrubs or gardens.
If you are leaving your house unoccupied for more than a few days at a time, setting your thermostat at 55 degrees or so while you’re gone will save energy and keep anything from freezing. If your home is currently vacant and listed for sale, be sure to keep your home warmer than that – at least 65-68 degrees – you want the potential buyers to stay as long as possible to see all that you have to offer. If it’s too cold inside, they’ll want to leave quickly and get back to their warm car.

If you are wondering why it is so important to keep the inside of your vacant home warm, remember that water expands when it freezes – water pipes will burst if the water freezes. Weighing the cost between keeping the thermostat a little higher and the cost to remedy a flooded house due to burst water pipes is easy math. I once sold a home in December to an out of state couple that weren’t moving in for a couple weeks. While checking on the home, I walked in to discover that the heater had shut off, and all the pipes had frozen, bursting one in the upstairs bathroom. Fortunately, the frozen water had stopped the complete flooding of the house; there was only a small puddle on the bathroom floor. If the heater had gone back on there would have been a major disaster. It’s a good thing I arrived when I did, and was able to turn the water main off and get a plumber and HVAC guy out to remedy the situation.
Moral to the story? If you do have a vacant home in the winter, be sure to have someone check in from time to time – you too can avert a disaster! Be sure you know where the main water shut-off valve, and be sure to let your agent or whomever is checking on your home know where it is.
If you have any questions, or need real estate assistance, please feel free to reach out – I’m always happy to help!
Happy Holidays!
Terry Ivins
208.870.5086
TIvins@Atova.com

11/5/2023

Welcome to Idaho! We enjoy a wonderful quality of life here with scenic vistas and unlimited recreation!

It is amazing in the midst of a pandemic, high unemployment, protests and a Presidential Election. Home prices are setting record highs, low interest rates, with multiple offers on many properties. WAIT! That was in 2020....

That fast paced crazy market stopped abruptly in May of 2022. Low inventory, longer Days on The Market, Sold prices and Values continue to decline in many markets. Homes not appraising at the Contract price. A time of uncertainty for some.

Mortgage rates have also been a Hot Topic! BIG changes...8.5 % today. Many would-be sellers today are not able or willing to trade their current low mortgage rate of 3% up to 8+%. New Loan programs are being created and Seller or Builder concessions are common. Sellers paying to help the Buyer buy their home.

If you find a house you love and it fits your needs please don’t wait!

Our market is still a Seller’s market. We don't know if we will see Short Sales and Foreclosures like in 2010. If you think you have found something that is a good deal, so do many others. The Good Deals go quickly under contract in a couple days.

While many are waiting for sale prices to be lower or interest rates to be lower. That may not pencil out either in the long run.

Usually during the winter months we experience a slowdown in Real Estate sales. Weather and economic factors play a part in the market. This year may be different. Many are moving for job changes and the big surge is to be closer to family.

As a recent Economic Forecast Speaker stated; We are navigating by the stars in cloudy, overcast conditions.

Find a great Realtor and Financial professional to help you with these important decisions.

Thank you!

Sue Kropf
208-405-5785
skropf@atova.com