Money Saving Tips In Your Idaho Home

Whether it is your primary residence or your second home in Idaho you can always save a few bucks. These tips are just a few ways to save some money in all four seasons for your home here in Idaho. Living and working here in the Treasure Valley we all know in this crazy economy that your bank account can change much like the weather. When a storm is a brewing you wouldn’t leave your home without a jacket so compare that to the economic future (chance of rain) why wouldn’t you start saving some money. Joshua Groesbeck 208-353-7131 or josh@homeswithjosh.com and www.homeswithjosh.com

1. Install a programmable thermostat: Installing one of these little guys can
really help your utility bills and the earlier you get it installed, the more it saves!
Estimates are that for every degree you lower the thermostat, that’s 5% off your bill
(in the winter). I like to think of it this way – why spend money to heat or cool
something that I’m not even going to be there (or awake) and enjoy? The power
company has enough of my money!
2. Lower the temperature on the thermostat: HVAC systems have two settings
- off and on. By lowering the temperature of the thermostat, you leave it in the off
state for longer periods and thus use less energy. Less energy, lower bill!
3. Wash your clothes in cold water: Detergent technology has gotten so good
that washing in hot water is no longer necessary, you can save lots of energy by
washing with cold water rather than hot water.
4. Line dry your clothes: Get a rack or clothesline and dry your clothes on that,
instead of in your dryer. If that idea isn’t entirely appealing, consider drying larger
items (towels, sheets) on the line and your regular clothes in the dryer to cut down
on the time.
5. Lower the temperature of your water heater: You can turn the temperature
of your water heater down to conserve some extra energy, there’s no sense in
making it really hot only to add cold water to it during showers. (the only caveat is
that you should check your dishwasher for a booster, it’ll need the temps that high
for cleaning purposes)
6. Wrap your water heater with a water heater blanket: One of your biggest
energy sucks in the house is your water heater, that tank that keeps your water nice
and hot for your showers. Wrapping a blanket reduces the amount of heat it loses
into the area around it.
7. Clean out your refrigerator coils: Dust off the coils on the refrigerator and
you can improve its efficiency, thus lowering the electricity bill of the one thing in
your house that’s always on.
8. Find and plug drafts: You don’t need the cold air from the outside to infiltrate
your home (or your warm air blowing out), so try to find all the drafty windows and
doors in your home and seal them up. Your energy bill will thank you.
9. Change your air filter: The more you run your HVAC system, the more that air
filter will catch. The more it catches, the more it clogs. Yep, you guessed it, the
dirtier it gets, the harder your HVAC needs to work to push air. Swap that baby out
and improve your system’s operating efficiency.
10. Get your furnace tuned: I had no idea but you’re supposed to get your furnaced
“tuned” every few years, it could increase your efficiency considerably.
11. Swap out regular light bulbs with CFLs: The technology in CFLs now is so
good that most people can’t even tell the difference (other than by looking at them).
Swapping them out reduces your energy use and are best used in areas where the
lights are on most often. They’re more expensive but they last longer and use less
power.
12. Institute a one light, one person rule: Leaving the lights on in your house is a
great way to spend money, so try reducing your electricity usage by instituting a
one light, one person rule. Each person in the house can only have one light on at a
time.
13. Reduce phantom electricity use: Phantom electricity is the electricity your
appliances use when they’re “off.” This happens because we love our instant on
appliances! To help reduce this, you can plug them all into a surge protector and
turn that off to ensure you aren’t losing power to something you’re not even using.
14. When buying appliances, reliability trumps price: When you’re buying new
appliances, be sure to read reliability reports because you don’t want to spend less
only to find out you bought an inferior product that won’t last.
15. Shop around for homeowner’s or renter’s insurance: Renter’s insurance is
already pretty cheap so you might not get much savings there but homeowner’s can
vary greatly.
16. Consider a home energy audit: These aren’t cheap but they can identify things
you can do to make your home more efficient and thus save you more money.
17. Remember to return those cans and bottles for deposits: If you live in a
state that collects a deposit on cans and bottles, remember to redeem them!
Unfortunately in Maryland we don’t do that (but that also means we don’t pay it),
but I’d love to see it instituted here so that we could entice more recycling.

By following some of these steps you just never know you could be on your way to an early retirement……..

Joshua Groesbeck or josh@homeswithjosh.com and  www.homeswithjosh.com

Boise Idaho Best Place For Mom

Born and raised here in Idaho it is no surprise that Boise ranks #1 for mothers,  below is  a good read on the top ten places for mothers as ranked by the Daily Best.

Joshua Groesbeck

208-353-7131 or josh@homeswithjosh.com

www.homeswithjosh.com or www.idshortsale.com

BS Top – Mother Cities For Mother’s Day, The Daily Beast takes America’s 200 largest cities and crunches the numbers—from child care to maternal health to pampering—to determine where moms have it best.

On Mother’s Day, everything revolves around Mom. But what about the other 364 days? The Daily Beast tried to determine which cities celebrate that holiday every day. And which might induce fits worthy of Mommy Dearest.

Like motherhood itself, the conditions needed to make moms across the country happy are complicated. So we tried to find factors that are universal, whether working or stay-at-home, big city or small city, North or South, and then combed the data of the country’s 200 largest cities to find out which offer the best quality of life for mothers. (Almost all the factors apply to parents generally. It’s just not dad’s turn this month.)

“Isolation is the biggest problem for moms,” says Dr. Amy Tiemann, creator of MojoMom.com and author of MojoMom: Nurturing Your Self While Raising a Family. While we measured the relative number of other mothers in each city, Dr. Tiemann stressed that moms—especially new moms—should, “find their tribe. Find other mothers you fit in with… that’s going to make all the difference.”

Quality health care is also essential. “If you look across the country, there is a lot of variation in terms of the quality of care at different hospitals,” says Dr. Richard May, co-author of HealthGrades’ recent study on Women’s Health in American Hospitals. Access to good care for mother and child, May says, greatly reduces anxiety, and boosts happiness.

To compile the rankings, we started with the list of the 200 largest cities according to 2008 data from the U.S. Census’ American Community Survey. They included all cities with an estimated population over 121,000. To rank the cities, we looked at several facets affecting the quality of life for resident mothers:

• Mothers-per-capita: the percentage of mothers in each city with one or more children under 18 years old, according to U.S. Census Bureau data.

• Educational quality: the overall caliber of public schools in each city based on a scale of 1 to 10, 10 being the best. Scores were culled from GreatSchools.org, which ranks schools based on standardized tests. (The three cities that weren’t measured by GreatSchools were assigned the national median.)

• Child care: the number of child-care workers per child 5 years old and under in each city according to its Metropolitan Statistical Area, based on 2008 data from Bureau of Labor Statistics 2008 and U.S. Census population data.

• Maternity health specialists: the availability of maternity specialists (in obstetrics and gynecology or maternal and fetal medicine) based on the number of recognized practitioners, per resident mom, in each city, according to HealthGrades.com, an independent health-care ratings company. HealthGrades doctors must be affiliated with a high-quality hospital, free of state sanctions, disciplinary actions, malpractice judgments, and monetary settlements in the last five years, and be board certified in his/her practice specialty.

• Mother’s Day pampering: in honor of the Mother’s Day holiday on Sunday, Citysearch.com ranked per-capita searches for “Mother’s Day Brunch,” as well as the evergreen mom-pampering category “Hair Salon” in each city to provide insight into which city’s residents are looking to take care of the mothers in their lives.

The first—and the worst—are both state capitals sitting near the country’s northern border. Where are moms celebrating? See below.

#1, Boise, ID
Moms-per-capita: 61 out of 200
Child care: 20 out of 200
Schools: 7 out of 10
Maternity care: 63 of out 200
Pampering: 86 out of 200

#2, Lexington, KY
Moms-per-capita: 60
Child care: 11
Schools: 7 out of 10
Maternity care: 64
Pampering: 37

Best Mother’s Day Brunch: Greentree Tea Room

#3, Lincoln, NE
Moms-per-capita: 80
Child care: 3
Schools: 5 out of 10
Maternity care: 145
Pampering: 24

#4, Coral Springs, FL
Moms-per-capita: 18
Child care: 40
Schools: 8 out of 10
Maternity care: 97
Pampering: 161

#5, Mobile, AL
Moms-per-capita: 62
Child care: 33
Schools: 6 out of 10
Maternity care: 45
Pampering: 9

Best Mother’s Day Brunch: Ruth’s Chris Steak House

#6, Elk Grove, CA
Moms-per-capita: 3
Child care: 54
Schools: 8 out of 10
Maternity care: 176
Pampering: 160

#7, Bellevue, WA
Moms-per-capita: 135
Child care: 31
Schools: 9 out of 10
Maternity care: 40
Pampering: 120

Best Mother’s Day Brunch: Daniel’s Broiler

#8, Overland Park, KS
Moms-per-capita: 46
Child care: 46
Schools: 8 out of 10
Maternity care: 51
Pampering: 59

#9, Augusta, GA
Moms-per-capita: 53
Child care: 67
Schools: 3 out of 10
Maternity care: 33
Pampering: 30

#10, Columbus, OH
Moms-per-capita: 1
Child care: 82
Schools: 5 out of 10
Maternity care: 142
Pampering: 94 

Buy Idaho Homes Now

Facts you want to know!

Thinking of possibly buying a new home or existing home?  The good news, it’s definitely a buyer’s market.  But as these facts will tell you, great inventory will be picked over and the opportunity to get a great home for a great value will be lost, simply by waiting too long.
Now’s the time to buy.  Here’s why:

  • First-time home buyers are now eligible for a $8000 tax credit* that does not have to be paid back. 
  • Eight years ago, interest rates were above 8%.  Today, interest rates are as low as 5% on a 30-year FHA fixed mortgage.”* Compared to 8% seen in early 2000s, a rate of 5% would mean a monthly savings of approximately $393 (principle and interest payment) on a $200,000 mortgage. 
  • Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines.
  • IHFA’s Down Payment Assistance Programs:  Eligible borrowers may qualify for one of two Down Payment Assistance Programs available. Borrowers must meet certain eligibility requirements in order to qualify for funding down payment or closing costs assistance.
    1.  $20,000 IHFA’s Down Payment Assistance Program:  This is a deferred loan program available for borrowers with less than 80% of Area Median Income (AMI).
    2.  Good Credit Rewards Down Payment and Closing Costs Assistance:  This down payment assistance program offers a second mortgage for up to 3.5% of the first mortgage that can be used for down payment and closing costs. The second mortgages are fixed rates over 30-years making the monthly payment very low so as a borrower you can easily qualify for the loan amount you need. Also this program allows you to keep your savings, which might help you if you have unexpected expenses after you move into your new home. To learn more about these programs, please check read blogs on www.homeswithjosh.com today.
  • Average home prices in Ada and Canyon Counties have dropped to where they were years ago.
  • Housing affordability is at record levels.  Lower prices and record-low mortgage rates have combined to make homes more affordable than in any time in recent history.
    Source: probuilder.com  “Conquer Customers’ Fear”
  • BUILD NOW. With the decline in construction costs, labor and material costs, land prices and more, building a home costs much less than it has in years.  Now is the time to consult with your builder to build your dream home TODAY. Plus, enjoy some peace of mind when you receive your one-year builder warranty at closing. 
  • Buying property now…is a smart play.  Of course, any financial decision (even doing nothing) involves risk.  But today’s financial conditions make buying real estate today and holding it long term, as part of a diversified financial strategy, is something to consider.
    Source: David Bach, financial coach and best-selling author  of “The Automatic Millionaire Homeowner”™
  • Housing inventories have been moving lower in recent months, dropping by 1208 units (Ada) and 440 units (Canyon County) in the last 6 months.
    Source: intermountainmls.com

Search the Mls now    www.homeswithjosh.com

source: Intermountain mls and Buy Idaho Now

Strategic Defaults In Idaho

This is an interesting article about the strategic default of homes. Take  a minute and cruise through this as it has some very interesting points that are made and will make sense to a lot of home owners here in Idaho. Should home owners think like a big business?

Nearly a year after the Obama administration unveiled its ambitious housing rescue program, foreclosure tallies continue to break records. Foreclosure filings were reported on more than 2.8 million properties in 2009, up 21 percent from the previous year and 120 percent from 2007, according to RealtyTrac. With nearly 10 percent of mortgages now delinquent–which is also a new record–even more homeowners appear headed for foreclosure this year. “A massive supply of delinquent loans continues to loom over the housing market,” RealtyTrac CEO James J. Saccacio said in a statement. “Many of those delinquencies will end up in the foreclosure process in 2010 and beyond.”

[See Tips for Selling a Home in the Off-Season.]

Homeowners have found themselves in foreclosure for a number of reasons. Some purchased properties they could never really afford. Others lost their jobs–the national unemployment rate remains in the double digits–and had no way to make mortgage payments. But as the crisis rumbles forward, an additional driver of home foreclosures has become clear: Many borrowers have the means to keep paying the mortgage but are simply walking away because they believe it’s best for their finances.

The number of so called “strategic defaults” more than doubled, to 588,000, from 2007 to 2008, according to a study by Experian and Oliver Wyman. A separate 2009 survey found that more than a quarter of all existing defaults were strategic. Meanwhile, a growing number of academics are touting the financial benefits of walking away. “Homeowners should be walking away in droves,” Brent T. White, a University of Arizona law school professor, said in a recent paper. “The financial costs of foreclosure, while not insignificant, are minimal compared to the financial benefit of strategic default.”

[See Obama's Loan Modification Plan: 7 Things You Need to Know]

The case for strategically defaulting is linked to negative equity, or owing more on your home than it is worth. With home prices at the national level having dropped roughly 30 percent from their 2006 peaks–and a great deal more in certain bubble markets–a considerable chunk of property owners are now in this fix. Nearly 1 in 4 borrowers currently have negative equity, according to First American CoreLogic. And rather than continuing to make payments on an investment that’s now worth significantly less than what they paid for it, many borrowers are throwing in the towel.

White uses the following example to demonstrate how many borrowers are better off defaulting: A young professional couple with two children pays $585,000 for a three-bedroom, Salinas, Calif.-home in January 2006. At $4,300, monthly payments on their no-money-down, 30-year fixed mortgage with an interest rate of 6.5 percent represent a tad less than 31 percent of their gross monthly income. Toss in taxes, student loans, health care, food, and other essentials, and finances quickly get tight.

After the historic housing bust, their home is now worth $187,000, but they still owe $560,000. Other homes in their neighborhood, of course, have plummeted in value as well. And if the couple was to purchase a similar, nearby house listed at $179,000, their monthly payments would be less than $1,200. That’s a huge savings over their current $4,300 monthly mortgage bill. But since a foreclosure on their credit report is likely to prevent them from buying a home in the near-term, they may have to rent. And about $1,000 a month gets them a comparable rental property in their neighborhood.

“Assuming they intend to stay in their home ten years, [the homeowners] would save approximately $340,000 by walking away, including a monthly savings of at least $1,700 on rent verses mortgage payments, even after factoring in the mortgage interest tax reduction,” White writes. “If they stay in their home, on the other hand, it will take [the homeowners] over 60 years just to recover their equity–assuming, of course, that they live that long.”

The argument against strategically defaulting is much more straightforward: You promised to repay the loan when you took out the mortgage, and it’s your responsibility to do everything possible to honor that commitment. Avoiding the guilt and shame that can accompany a foreclosure is one of the top reasons struggling homeowners don’t strategically default, White writes. On top of that, a foreclosure significantly damages one’s credit–making it difficult, if not impossible, to obtain a mortgage for years afterward.

But in a recent white paper, Alex Edmans, an assistant professor of finance The Wharton School of the University of Pennsylvania, argues that many homeowners are ignoring these consequences to do what they believe is in their best financial interest. “Defaulting on their loan is a rational decision: While they forfeit their home, they rid themselves of a mortgage liability of even greater value,” Edmans writes. “The source of the problem is the homeowner’s balance sheet: since he has negative equity in his home, it is not worth keeping it by paying the mortgage.”

The issue of negative equity triggering strategic defaults represents a nasty headache for the Obama administration. The $75 billion mortgage housing rescue the administration unveiled last February is designed to keep people in their homes by reducing their monthly mortgage payments down to more manageable levels. The plan does not, however, require lenders or servicers to reduce borrowers’ mortgage principal–meaning underwater borrowers still have this incentive to walk away from their home loan.

Laurie Goodman, a senior managing director at Amherst Securities Group, considers negative equity to be the housing market’s greatest challenge and believes current housing rescue efforts are insufficient. “The current modification program does not address negative equity, and is therefore destined to fail,” Goodman said in written testimony before a Congressional committee in December. “It must be amended to explicitly address this problem.”

Although Uncle Sam has reduced mortgage payments for more than 850,000 borrowers so far–for a median savings of more than $500–the government will remain under pressure to take more aggressive action as long as the foreclosure epidemic keeps churning. Mark Zandi, the chief economist at Moody’s Economy.com, believes the government may take steps to tackle the issue of negative equity head-on this year by incorporating principal write downs–which reduce a borrower’s negative equity position–into the housing rescue program.

source:US News

List Your Home Now

Timing is very important when you are looking to list and sell your home. My advice is get your home ready to list now and catch what many experts are expecting to help a large number of home sales this year-Home Buyer Tax Credits-  Buyer’s are needed to have their home under contract by April 30th 2010 to get the much desirable tax credit which is available to First Time Home Buyer’s and Repeat Home Buyer’s if eligible. For more information about selling your home or buying a home please feel free to contact Joshua Groesbeck 208-353-7131