Positive Equity

Did you know, most mortgaged homes have positive equity? Are you interested in knowing your home’s value? Contact Kim Cooper of Select Brokers LLC today about determining the value of, and selling, your home in North Idaho!

What’s different in today’s market?

In 2007, there was speculative investing, loose lending, new construction abundance and now in 2017 there is consumer demand, low inventory, job growth, population growth, and controlled lending. Inventory is down across the state, supply is low and demand is high.  The time to sell is now, contact REALTOR® Kim Cooper of Select Brokers LLC to take advantage of a healthy housing market!

* Dec. 2015 – 76,902 active listings compared to Dec. 2016 – 61,848 active listings (-18.7% change) Sources: realtor.com, bloomberg.com, NAR, IR

What is home equity, and what can I do with it?

Here are a few things you may be able to do with your home equity:

  • New home down payment
  • Home repair and renovation
  • Retirement
  • New car
  • Healthcare expenses
  • Vacation property
  • Consolidate debt
  • Higher education
  • Gift to heirs

Contact your REALTOR® Kim Cooper of Select Brokers LLC to learn more about home equity, about your home’s value, and how to invest your equity in a new home!

Thinking of selling?

Contact your REALTOR® Kim Cooper of Select Brokers LLC to get ahead of the competition and to learn more about the current market for sellers in Kootenai County!

Feel the LOVE of home ownership!

Feel the love of home ownership! There are lending options for every buyer, and you don’t always need 20% down! The attached informational graphic shows some great data found via a recent study by the National Association of REALTORS® about home buying and lending options.

Also, be sure to contact REALTOR® Kim Cooper of Select Brokers LLC about any other questions you may have about buying real estate in North Idaho!

How do interest rates affect buying power?

Lower interest rates equals more buying power! See the attached chart for an illustration of how purchasing a home at $150,000, and financing it over 30 years, can potentially affect your monthly payment and buying power. Numbers on the chart reflect principal and interest only. Contact your REALTOR® Kim Cooper of Select Brokers LLC about buying a home now while interest rates are still at an all-time low!

Coeur d’Alene Multiple Listing Service Market Report for January 2017

In the Coeur d’Alene MLS Market, January 2017 New/Active Residential Inventory was down 13.6% compared to 2016, with 508 Active listings at the end of January 2017 vs. 588 at this time last year. January shows 291 Residential closings compared to 248 in 2016, for an increase of 17.3%.

For the full report, click here (PDF).

The representations in this report are based on data generated from the database of the Coeur d’Alene Multiple Listing Service, Inc. for the time periods specified.  Data maintained by the Association or its Multiple Listing Service may not reflect all real estate activity in the market.

Kim Cooper, Select Brokers LLC

Interest rates over the years

Just like mobile phones, mortgage interest rates have changed over the years, and we’re glad they have! Contact REALTOR®, Kim Cooper, about how to get your low rate before they go out of style! Kim Cooper, Select Brokers LLC.

Don’t forget your New Year’s resolutions!

Contact REALTOR® Kim Cooper of Select Brokers LLC about the benefits of buying a home in North Idaho if you have goals like the ones below and are ready to get them off paper and into reality:

  • Acquire a tax write-off
  • Improve my family’s quality of life
  • Earn tax deferrable income
  • Improve my children’s education
  • Help create jobs and growth in my community
  • Build my family’s wealth
  • Save for a 20% 0% down payment
  • Buy a home!

Contact Kim Cooper of Select Brokers LLC today.

Flexibility comes with owning your own home.

There are so many benefits to owning your own home, and to name just a few: cost savings, tax benefits, opportunity to build and increase wealth in equity, be your own “home boss”, potential for rental income, greater sense of belonging in your community, own your dream garage, creative freedom for remodeling, host louder parties, choose your paint colors, no upstairs neighbors, and own pets! Talk to your REALTOR® Kim Cooper of Select Brokers LLC about the benefits of owning and buying your own home in North Idaho!