$369,990 - 11989 W Caribee Inlet Dr, Star, ID 83669
Written by Heinrich Wiebe
Wednesday, 20 August 2008 13:44
Modern Living in a Country Setting
Modern living in a country setting.
Details do matter, and custom homes can only be created from an owner's heart. From the street, guests and passer-by's alike are welcomed with a serene water fall bubbling out of stone into a pond. From the back, a year-round stream flows-by and can be enjoyed from a choice of three patio's, each with a specific purpose: Out door dinning, lounge, & family fire ring. Inside, top finishes apply to complement the open floor plan that also delivers ideal intimate settings.
This home is situated on a lot that benefits from the common area, bike-path and reserve as if it were its' own. Inside, a clean, modern and detailed finish is everywhere. Powder coated railings are interwoven with stainless cable and fittings. View windows stretch up to the 20ft ceilings, allowing natural light to pour throughout the space. Versatile and custom concrete counters. Five-inch plank hardwood floors. Stainless appliances by Jenn-Air and Maytag. Dedicated exercise room. Specific shop too.
Last Updated on Tuesday, 23 December 2008 10:19
Testimonial
We truly appreciate all the hard work you put in to helping us locate, research and purchase our property. The exceptional personal service provided by you and your team certainly should be commended. You can definitely count on our recommendations for your services to our friends...
Market Reality and the Psychology of Short Sales and REO in the Treasure Valley
Most would agree that there is a load of volatility in today's real estate market. Just look around, there are some serious price swings in real estate. Trying to figure out what's a good buy and what's not requires that you keep a very close watch on the most recent transactions and then dissect those deals so you can see what is happening. Here's a little glimpse into some of the analysis that I've been doing to help my clients see the light. Since short sales and REO bank owned real estate are leading the market pricing down, it's helpful to know how many of them are selling. Below is a simple spreadsheet breaking down each of the cities in our valley and showing the past three months of sold homes by unit and by percent that were sold short or as an REO. The first thing to realize is that REO sales as compared to short sales are selling much better. REASON: THEY ARE BETTER DEALS! Trying to get the best buy on a short sale is harder to achieve. This is because lenders asked to approve short sales are over burdened and constantly applying a metric for acceptance against foreclosing the property, and this effort is chasing a declining market. In other words, the deal they are willing to accept is based on yesterdays news which is better than today's news. The second point I want to make here is the combined percentages for each city. With exception to Boise, all the other cities are roughly 1/2 distressed sold. At this rate, we're not likely to find a bottom anytime soon. Foreclosure filings are continuing to grow and the buyer expectation for super good deal isn't likely to change anytime soon. Plus, the cost of money to buy is on the way up. lastly, the job market is going to remain weak. So if you are going to sell, you better put the right price on it. If you are going to buy, you better know what's the right price is. This takes more than an educated guess. There are a lot of experts out there that have lost money in this market. I hope you won't be one of them.
