Top 10 Things NOT TO DO After Loan Approval

dawnmitchell@johnlscott.com — Fri, 14 Jun 2013 00:56:00 GMT

1. Do not make any changes to your employment, income, pay structure or number of hours worked.

2. Do not forget to disclose all income and losses that are reported on your tax returns.

3. Do not monkey around with your bank account.

2. Do not forget to disclose all income and losses that are reported on your tax returns.

3. Do not monkey around with your bank account.

4. Do not allow any derogatory marks on your credit report or overdrafts on your bank.

Top 10 Things NOT TO DO After Loan Approval

dawnmitchell@johnlscott.com — Fri, 14 Jun 2013 00:56:00 GMT

1. Do not make any changes to your employment, income, pay structure or number of hours worked.

2. Do not forget to disclose all income and losses that are reported on your tax returns.

3. Do not monkey around with your bank account.

4. Do not allow any derogatory marks on your credit report or overdrafts on your bank.

5. Do not incur any additional debt during the mortgage process.

6. Do not forget to tell the lender about debts that are not reporting on your credit

7. Do not forget to lock your rate.

The Impact of Rising Mortgage Rates on Home Sales

dawnmitchell@johnlscott.com — Wed, 12 Jun 2013 03:23:00 GMT

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.

Low Inventory is Driving Home Sales and Price Increases!!!!!

dawnmitchell@johnlscott.com — Sat, 01 Jun 2013 04:24:00 GMT

Top 7 Reasons Your Home is Not Selling

dawnmitchell@johnlscott.com — Tue, 14 May 2013 04:17:00 GMT

1. Dirty

2. Bad odor

3. Outdated fixtures

4. Wallpaper

5. Poor curb appeal

6. Clutter

7. Overpriced!

Get ready for the SPRING PARADE OF HOMES!!!!!

dawnmitchell@johnlscott.com — Tue, 16 Apr 2013 08:32:00 GMT
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......

We Will Be Open This Weekend, Come See Our New Furnished Model Home

jennae@parkpointe.com — Thu, 04 Apr 2013 03:05:00 GMT
Join us this weekend from noon to 4:00pmto view of our Grey Heron Model built by Todd Campbell Custom Homes.

Boise Real Estate Market

dawnmitchell@johnlscott.com — Mon, 01 Apr 2013 08:29:00 GMT
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!

Real estate moves that could affect your taxes

dawnmitchell@johnlscott.com — Sun, 24 Mar 2013 02:06:00 GMT
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

Tax time is around the corner..... Mortgage Insurance is deductible!!!!

dawnmitchell@johnlscott.com — Fri, 15 Feb 2013 01:22:00 GMT
MI is Tax Deductible through 2013! MI Tax Deductibility passed as part of the American Taxpayer Relief Act of 2012. This allows MI to be tax deductible for 2012 and 2013.

Housing Market Predictions for 2013

dawnmitchell@johnlscott.com — Thu, 24 Jan 2013 02:39:00 GMT
More buyers and sellers return to the housing market. Home sales increase 6-7 percent while home prices increase 3-4 percent. Inventory reaches an all time low. Number of short sales and REO continues to drop. New construction peaks. Mortgage rates rise slightly by year's end from record lows. Lending remains constrained for home buyers. Home affordability remains at record high.

Mortgage Relief Extended for One Year - House Passes Senate 'Cliff ' Bill

dawnmitchell@johnlscott.com — Thu, 03 Jan 2013 09:42:00 GMT
Mortgage Cancellation Relief is extended for one year to January 1, 2014!!!!

Keep your house safe during the winter

dawnmitchell@johnlscott.com — Tue, 01 Jan 2013 01:28:00 GMT
Close vents around the perimeter of your home. Disconnect hoses from outside faucets. Be aware of pipes exposed to outside walls, make sure they are properly insulated. Be aware of pipes above garage, bonus rooms with bathrooms, leave faucets dripping if necessay. Clean debri from gutters. Check and replace caulk around windows. Change out furnace filters to increase air quality in home. Keep your garage door closed to keep the warm are in, and cold air out. Wrap a reflective blanket around your water heater. Replace weather stripping around doors to keep drafts out. Check smoke & carbon monoxide detectors to make sure they are working. Shovel and salt driveways and walkways. Be safe this winter!

Mortgage Tax Break Expiring??????

dawnmitchell@johnlscott.com — Fri, 28 Dec 2012 02:57:00 GMT
A tax break that has saved struggling homeowners from paying thousands of dollars to the IRS is just days away from expiring. If the Mortgage Forgiveness Debt Relief Act of 2007 does not get extended by Congress by the end of the year, homeowners will have to start paying income taxes on the portion of their mortgage that is forgiven in a foreclosure, short sale or principal reduction. That means if someone owes $150,000 on their home and it sells for $100,000 in a foreclosure auction, they could owe taxes on the remaining $50,000. For someone in the 25% tax bracket, that would mean paying $12,500 in taxes on the foreclosure. Similar taxes would apply for amounts that were forgiven in short sales and principal reductions.

Confessions of a First-Time Homebuyer

dawnmitchell@johnlscott.com — Fri, 12 Oct 2012 02:23:00 GMT
1. Look at homes ONLY in your price range, or what you are approved for with your lender. 2. Don't let your emotions get the best of you, see beyond the pretty decorations, they don't come with the home. 3. Do your homework, your due diligence, don't rush. 4. Study yourself, really figure out what is important in a home to you.. and your family. 5. Work with your trusted Realtor!!!!

Boise Fall Parade of Homes - Stetson Homes

dawnmitchell@johnlscott.com — Fri, 05 Oct 2012 06:06:00 GMT
Stetson Homes The Stallion - 2249 South Chamisa Avenue, Boise - Small Creek October 6 & 7, 13 & 14, 20 & 21 See you there......

Boise Ranks TOP in Housing Recovery

dawnmitchell@johnlscott.com — Tue, 02 Oct 2012 07:46:00 GMT
The positive long term outlook for Boise?s real estate market may not be completely assured just yet, but there are rapidly growing indications that Idaho will be among the leading states in a broader U.S. housing recovery. The Brookings Institution?s recently released Metro Monitor for the Boise metropolitan area places Boise at the TOP spot in the nation for increasing home prices. Rankings are for the 100 largest U.S. metropolitan areas based on economic data for the first quarter of 2012. Boise home prices were the highlight in a broader mix of economic indicators in which the Boise area ranked as the #6 metropolitan area in the United States for overall economic recovery performance. Are the short term rising home prices indicative of a sustainable housing recovery for Idaho real estate? The question remains unanswered for the moment as underlying factors necessary for a broader economic recovery appear a bit tenuous for this up and coming midsize capital city.

We found the GIANT Idaho Potato

dawnmitchell@johnlscott.com — Mon, 10 Sep 2012 06:50:00 GMT

Opinion: Apple's iPhone future for the connected home

michaels@johnlscott.com — Mon, 27 Aug 2012 07:06:00 GMT

Today’s Apple [AAPL] rumor machine is finally seeing the light and agreeing that the iPad mini will be introduced at an event subsequent to the iPhone 5, which seems obvious to me, so for today’s story I want to talk about Apple’s next big iOS opportunity, the connected home.

Some examples of these could include:
• E-Readers, including an i-Device;
• The thermostat
• Connected automobiles which interrogate smart city traffic control hubs for route information, parking space discovery, and more.
• Smart patient monitoring systems -- these could be your iPhone
• Smart water systems detecting leaks
• Connected domestic appliances capable of monitoring food stocks and making food delivery orders on your behalf
• Home audio systems which allow music to follow you round the home
• Automatic temperature control systems which respond to your needs
• Delivery, vehicle, family tracking systems

Voice control
Siri isn’t just about asking your iPhone to marry you. In theory you could take any device, pop an A4 processor, microphone and Wi-Fi radio inside and you could control that device with your voice; your door entry system, perhaps, your coffee pot, your hot water system, your microwave.

By Jonny Evans
August 24, 2012 10:27 AM EDT

It’s a good article. To read all of it. Whether or not you are an iPhone person, it gives you pause to think about all the uses that smart phones could be used for.

A few household maintenance tips before summer is over!!!!

dawnmitchell@johnlscott.com — Sat, 25 Aug 2012 01:57:00 GMT
Wash the exterior of your house, using an ordinary garden hose pressure and a mild detergent. You'd be surprised how dusty your house is, especially with all the nearby fires. Turn on the sprinkler system and check for damaged or misdirected sprinkler heads, leaks, or breaks in the lines and hoses. Schedule your sprinklers blowouts in October! Trim trees and shrubs that may be touching the siding, windows or trim. Test and replace smoke detector batteries. Clean gutters and check roof for any damaged panels. Replace furnace filters. Check water softener.

Real estate recovering!!! We all agree!!!

dawnmitchell@johnlscott.com — Mon, 30 Jul 2012 01:35:00 GMT
Home values rise for first time in 5 years!!!! (CNN) Mortgage rates drop again, 30-year at 3.53% (Freddie Mac) Strong recovery starting for housing market (Goldman Sachs) And....Housing permits in June highest in four years (USA Today) Great news!!!!

The latest stats show that new-home sales seem to be supersized, not downsized!

dawnmitchell@johnlscott.com — Tue, 24 Jul 2012 03:54:00 GMT
We�ve been hearing a lot about the downsizing trend taking hold in new homes, and that the square footage of homes is shrinking. But if you look at the latest housing stats from the Census Bureau, you might be scratching your head on that theory. The latest stats show that new-homes actually seem to be getting supersized, not downsized: Nearly 40 percent of new single-family homes in 2011 had four or more bedrooms, 28 percent had three or more bathrooms, and 54 percent of new homes were two stories or taller. Both upper-end buyers and move-up buyers tend to show preference to bigger homes. However, in a more normal market, it�s the first-time home buyers who tend to dominate, and they�re saying they want smaller.

The 10 Facebook Privacy Settings You Need To Know - #2 Checking In Places

michaels@johnlscott.com — Fri, 20 Jul 2012 01:51:00 GMT
I feel you might like to know about these 10 settings, and I'll be including them in the next week or two of blog entries. They are from Nick O'Neill writing for the AllFacebook - The Unofficial Facebook Blog.

The 10 Facebook Privacy Settings You Need To Know

michaels@johnlscott.com — Thu, 19 Jul 2012 06:55:00 GMT
I feel you might like to know about these 10 settings, and I'll be including them in the next week or two of blog entries. They are from Nick O'Neill writing for the AllFacebook - The Unofficial Facebook Blog.

Archive

Top 10 Things NOT TO DO After Loan Approval

Top 10 Things NOT TO DO After Loan Approval

The Impact of Rising Mortgage Rates on Home Sales

Low Inventory is Driving Home Sales and Price Increases!!!!!

Top 7 Reasons Your Home is Not Selling

Get ready for the SPRING PARADE OF HOMES!!!!!

We Will Be Open This Weekend, Come See Our New Furnished Model Home

Boise Real Estate Market

Real estate moves that could affect your taxes

Tax time is around the corner..... Mortgage Insurance is deductible!!!!

Housing Market Predictions for 2013

Mortgage Relief Extended for One Year - House Passes Senate 'Cliff ' Bill

Keep your house safe during the winter

Mortgage Tax Break Expiring??????

Confessions of a First-Time Homebuyer

Boise Fall Parade of Homes - Stetson Homes

Boise Ranks TOP in Housing Recovery

We found the GIANT Idaho Potato

Opinion: Apple's iPhone future for the connected home

A few household maintenance tips before summer is over!!!!

Real estate recovering!!! We all agree!!!

The latest stats show that new-home sales seem to be supersized, not downsized!

The 10 Facebook Privacy Settings You Need To Know - #2 Checking In Places

The 10 Facebook Privacy Settings You Need To Know