Posts Tagged ‘REO’

Christmas and Liverwurst

December 26, 2014

Hello my Faithful Readers and New Comers. This year I will share a personal story about  myself for Christmas…I hope You Enjoy It.

One of my fondest memories as a child was coming home from Candle Light Service and having a special snack. My oldest brother always wanted spaghetti, what my other two brothers ate I do not recall. Me, I always wanted liverwurst on Ritz crackers.

Since we lived in a German neighborhood there was never a shortage of liverwurst to be found. What great memories it produces to this day.

You see my Dad died when I was in 6th grade. Mom had to go to work and money was tight. So a special treat, an extra, always made me happy. With 3 brothers, a Grandma and 2 dogs, there were not many extras. There was always food on the table and a roof over our heads. We lived in a four-room, railroad car, flat style apartment.

Mom did not believe in welfare, etc. and as we boys got older, we all worked and put our money on the table to help with the bills. To me it was not a big deal, just what we did. I remember my first boss telling me he would not pay me; he would give it to my Mom or Grandma. No big deal, it was headed there anyway I thought, proud that in 7th grade I had my working papers and a job.

So knowing I would have liverwurst that night was a big deal to me. I knew the presents under the tree would be okay. Underwear, socks and the other things we needed. Nothing a young boy/teenager would be excited about for the most part. And truly not caring or understanding that we were poor. Liverwurst was my choice and I always got it. No suggestions for anything else, just what did you want for a snack after Church. MmmMmm.

As the song says, “Don’t cry for me.” I was and am happy. I still eat liverwurst and am grateful for the good memories it creates. It reminds me of the reason for the season. Church, family, good memories. Merry Christmas to All and to all a good night! Richie Rich

About Your Roof New and Old

December 8, 2014

Well the storm chasers have come through and many in the Treasure Valley are grinning because they received new roofs from their insurance company. Getting a major repair done is very rewarding and having it paid for by your insurance company is even better. I trust all is done well on your repair. OH, don’t worry Rich, we used a contractor. The same one all our neighbors used. Theirs looked good.

Right now all my warning systems are going off and beginning to overload. As a Dad my kids know that I trust them and believe in them. They also know this trust and belief contains the added touch of checking up on them once in awhile. It’s part of the job. So why treat a stranger with more trust than your own family members. Don’t feel bad, it’s human nature to be harder on our loved ones. What I am saying is get an independent person to check out the repair work.

Say what Rich! Get an inspection? Yes dear readers, hire someone to check the work that was done. Even the best repair people make mistakes. When they are told of them they are happy to fix any issues that have occurred. Why wait for rain or snow to create a problem that you may not see for a few years. Or turn up when you try to sell your home. Be pro active and prudent and have it checked out.

OK Rich, who is going to do that, who can I hire? Well I’ll tell you. How about a home inspector or handyman? They look at roofs and/or repair them all the time. They should be able to tell you if they see a problem. Personally I would hire a home inspector. Call your favorite Realtor and ask for the name of someone they recommend.

Good idea Rich, I’m ok though, my roof is 10 years old. I would say my friend if you have not climbed on top of it and walked it in the last year or so then perhaps you should pay someone to do it for you. Old and new, a little checking can’t hurt. It may cost a few dollars now that prevent a major cost down the line. All the Best Richie Rich

Let’s Take Back Control

November 29, 2014

I believe the time has come for the Cities to take back control. Ada County does the best job they can, but they must serve all areas in Ada County. I appreciate why they were plowing the hills in the North End, however I would still have liked my street plowed. When they are rebuilding a road in an area, I believe it would be easier if the City did it. The City could coordinate water, sewer, irrigation much easier and have all the departments work together instead of them representing different interests. So I am saying the City should take control of the irrigation water, ditches, etc. as well.

But Rich, that would cost so much in startup costs. Not as much as we think and probably more than most would care to hear. For example, the city could combine resources of the Water Department and Parks and Rec for digging equipment. The Cities could take over trash services and use the garbage trucks for plowing snow.

It may not be as easy as I think, but I believe it is something we should be looking at. When the Cities in the area were smaller it made much more sense to join forces and share costs. However, we have all grown and it may be time to reevaluate our choices.

Recently the Meridian School District became the West Ada School District to better identify the community it serves. Well what about a Meridian School District and a West Ada School District? I would prefer having a district that focused on the needs unique to my area than one that needs to focus on multiple areas.

If Cities in the area are going to continue to grow, as is expected, then a hard look at what services we currently contract out should be reviewed.

Perhaps Cities should have their own courts, civil and criminal. It seems that the time added to an officers day would be better spent not traveling to Boise for hearings and depositions, but rather staying closer to home. Perhaps having our own prosecutors would be another possible solution.

The possibilities are endless; did I mention our own ambulances, out of the Fire Department as well? As we continue to grow, these are things we should be evaluating for cost effectiveness. The service providers we have do a great job. I am just wondering out loud if it could be better, and if the people would be better served that way.  All the best Richie Rich

Happy Thanksgiving

November 24, 2014

Happy Thanksgiving to you all! Too often we forget how lucky we are and what we have to be thankful for. So I started a tradition in my home.  As is the tradition in my home, we share what we are thankful for.

First and foremost I am thankful for my faith and belief in my Lord and Savior Jesus Christ. He has never let me down, and as my faith deepens, I am constantly reminded how great He has been to me.

I am thankful for my family, friends and associates. I am thankful that Frank Thomason is my editor and gives me the ability and latitude to write my thoughts down. He is a great mentor for me and I am thankful for his mentorship as well.

I am thankful that Mayor Tammy asked me to serve as a Commissioner on the Historic Preservation Committee and I was able to accept. I am thankful for all those who serve with me. So much knowledge and abilities.

I am thankful for all my friends at the Steelheads. What a great group.

I am thankful for my business being able to support my wife, children and the lifestyle we are leading where family is first. A true blessing. A special thank you to all who used my services and helped me reach my goals.

I am thankful for all the people in the businesses that support my business as well. Title Companies, loan officers, inspectors – the list is endless.

I am thankful for the roof over my head and the food on my table.

I am thankful for you, my dear readers. I am absolutely amazed how many times people recognize me and send me comments on my articles. I am and feel so blessed every time it happens. Thank you dear readers.

And now a toast (I wrote this myself; it is pretty good even if I say so myself): Here’s to a roof over our heads, heat in the home, food on the table, surrounded by family and friends, all Blessed by the Lord. Everything else is an extra.

From my family to yours, Happy Thanksgiving.  All the Best Richie Rich

Veterans Day Thank a Vet

November 7, 2014

It never ceases to amaze me that we get our holidays confused. This is one holiday we should never confuse. This is the time of year and the day where we thank people for the service that they have given to our country. We thank them for giving up their time. We thank them for giving up some of their freedom so that we may enjoy our freedoms. Life in the military may not be easy all the time and it’s not acceptable to everyone. I am grateful for those who choose it and thankful for those who continue to follow its career path. Many places offer special thanks to Veterans by offering them discounts and deals. The Veterans have earned the right and deserve that. So let me tell you about one for real estate.

In real estate a Veteran that has been honorably discharged can get a no money down loan and have no closing costs in order to buy their home. It is not the based upon their credit history.  It is more based on the fact they have served their country. Credit is looked at however higher scores are not a requirement. What an incredible benefit and advantage they are being giving. I hope this continues for many years. It does not matter if they have served overseas or only stateside. It does not matter if they have been in war or never been off to war. “A soldier trains for war and prays for peace”. McArthur, Patton, Eisenhower, Bonaparte; many have said this in different ways. For the loan the biggest part is that they serve their country with honor. Both regular military and National Guard members can earn this benefit.
Rich it sounds so great there must be a catch. Ha ha yes my dear reader there is. In order for the Veteran to use this service. The seller of the home must agree to pay more than normal in closing costs. It will cost the seller of a home about an additional $700. I think this is a small fee that any seller of a home should feel great to give a member of the military. I find it distasteful that some people in the community decide that they should charge extra if you’re using a VA loan. Shame on them. Happy Veteran’s Day, God Bless and most of all, if you are a Veteran, Thank You For Your Service!!! All the Best Richie Rich

Good Fences and Good Neighbors

November 3, 2014

I believe good neighbors are helped by good fences. The nice cedar picket style fence with dog ears that Tim the Tool Man used to speak with Wilson over on Home Improvement. Lot of problems solved with that fence. Each side safe in their world yet open to suggestions from another. Good fence Good Neighbor.

Sometimes just a fence of any kind works. I owned a place one time that 3 different fences. One cyclone style, one wire four square, and one that had just strands running along it. I was sad that I couldn’t convince my neighbors to come to an agreement. Each one wanted to do their own thing however we were still good neighbors. These fences helped establish boundaries between the land and us.

Rich who gets the good side of the fence? Well I guess that depends on what you consider the good side. I like having the 2×4’s on my side. I can climb on them and peek over. I have seen them “Courtesy Style” where they alternate sides. I am not much of a fan for that, perhaps I am too linear.

The really hard part is who takes care of the fence, when it breaks, when it needs staining etc. Generally the neighbor who helped install it has moved and the new owner does not want to fix it. Very frustrating. Perhaps you can supply the material and they do they work. Better yet if it is bothering you, just do it yourself or pay someone to do the whole thing. Then just ask your neighbor if it is OK. Many times once you offer to pay for the whole thing yourself they want to help. Just talk with them. Over the fence.

Don’t forget the goodies. Share the harvest of flowers, or veggies with your neighbor. If you can the harvest then share a jar or two. Being a good neighbor is fun and makes life good. Sharing with a neighbor is one of the benefits of having a home. I have had neighbors come to weddings, graduations and funerals. All part of life made better by having someone who cares. One of the best neighbors I knew used to wait for us to get home from the funeral parlor and she would bring over dinner, dessert, pots of coffee everything we would need to comfort ourselves. She could not come to see her friend who had passed yet she still wanted us to know she was there for us. How lucky was the family to have a neighbor like this. We called her Anna Banana and she loved it. She would make the kids lollipops during the holidays. Taught me a lot about being a neighbor and friend. I always enjoyed our talks, on the stoop and over the fence. All the Best Richie Rich

Figuring it Out in Housing

October 14, 2014

My clients are usually afraid they have wasted my time and or theirs by changing what they want. No way I say. We as a society have decided that we must know exactly what we want and it must be incredible. It must be different than everyone else’s and set a new bar. We are not allowed to change our thoughts and say so. We are not allowed to be wrong or make a mistake. PHOOEY I say. Part of my job as a Realtor is to provide choices to my clients and help them make informed decisions. Not make them do something they don’t want. We should offer choices and help them determine what they do want. I am a sounding board that proffers solutions when needed. I give them my best opinion, because they deserve it and value it. They also know the final decision is theirs. Once the decision is made I help them reach their goal.

And then the goals/wants change. UH OH. Not to worry I say, this happens. What has changed that you want to change what we have been working towards. Sometimes I know, a single person all of a sudden bringing a friend along and we start looking at different homes. Sometimes they tell me, Rich now that I have seen it, I hate it. No worries, what don’t you like, what do you want and how do we get there. Sometimes they are angry at their situation and just want it to go away, loss of income, job change, troubles at home. No worries, this too shall pass and when it does come back, let’s work together again. There are times they just don’t say.

The hardest part is helping others understand that what they want may not be a reality. Sometimes the client accepts this and sometimes they don’t.  We don’t want to crush dreams however we should be open and give them the information to make better decisions. Giving someone an open honest no is not a bad thing to tell someone, except in our world today.

As we get older we are more concerned with making a mistake we cannot recover from. Many have seen their life’s work lost in the last few years. Many think they cannot recover. They have lost hope. I say if you have made it once, you can do it again and it will be easier. You already know what to do. So don’t worry. If you change your mind it is OK. Go ahead and make an informed decision. If you don’t like it you can always change. All the Best Richie Rich

Who is Buying Homes???

February 3, 2011

Homes sales were up in 2010. So who is buying them? I read some excerpts from the National Association of Realtors’ Profile of Home Buyers and Sellers for 2010. What I read surprised me. Here’s what they said.

The age of homebuyers was surprising.  Forty-two percent of all homebuyers were under the age of 35 and 67 percent of all first-time homebuyers were under 35 years old. Nearly half of all home buyers were under the age of 35. Two thirds of first time home buyers were under the age of 35. 89% of homebuyers searched online. This is up since 2006 when only 80% of buyers were online. So if your home is for sale it has to be all over the internet.  A good Realtor can get your home out there so it is found. For Sale By Owners (FSBO pronounced FIZZBO) did not do well in 2010. 83% of all homes sold were by Realtors.

 50 percent of all homebuyers were first-time homebuyers (36 percent in 2006, 41 percent in 2008). I particularly like that number. If the starter homes are not selling, then the move up homes will not sell. The cycle begins with the 1st time buyer and if that part is not being fed with homeowners, not investors then the market stalls.  23 percent of all first-time homebuyers were single females and 15 percent were single males. WOW 45 % of all 1st time homebuyers were not married. I suspect this number is slightly lower based upon partnerships instead of marriages that some couples prefer. However it is still remarkable that many are single. 85 percent of all first-time homebuyers make less than $100,000. 75% of 1st time homebuyers lived in an apartment prior to buying a home. The real question is how many lived at home? And how many parents are very happy that their kids live somewhere other than home?

Some more numbers for you:

–       41% of all homes sold were on the market for less than one month –The average in Ada County is 3 months

–       17% of all buyers purchased a home for less than 90 percent asking price. In Ada County homes sell for 96-97% of the listed price on average.

–       11% of all buyers purchased a home for more than 100% asking price

–       81% of all buyers were satisfied with the home buying process 

–       40% of all purchasers found the mortgage process more difficult than expected.

–       92% of all purchasers were not rejected by a single lender – Very Surprising!

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Smaller Homes are in Vogue

December 2, 2010

In this economy a new trend is emerging. Smaller homes are becoming more desirable. The Associated Press headline said ” Tiny house movement thrives amid real estate bust”. The article goes on to talk about very small homes that are being built. Such as 500 sq ft homes. Very small. However it is a trend that has been spoken of Nationally. I had to laugh, one person on a morning news show said folks should downsize to smaller homes. When pressed for the size of the home folks should downsize to she said they should move into a 4,000 sq ft home. Smaller is in the eyes of the beholder.
I did some checking, In Ada County there are 291 single family homes for sale 1200 square feet or smaller. 194 are not a short sale. 57 are banked owned. The highest priced bank owned $164,900. The least expensive $39,900. So far this year in Ada County 585 homes 1200 sq ft or smaller have sold. 498 were not short sales. A little more than 53 per month are selling. Which means there is about a 5 month supply of these homes.
Darn near a normal market for inventory. I say about a 6 month supply is normal. If we look at the non short sale homes about 45 per month are selling in Ada County. Which means there is about a 4 month supply. Now that is hot!
A second part of the downsizing is the overall cost of a home. I looked at a home that was truly a mansion. It had a RV/Pool house that I could have lived in quite comfortably let alone the main home. My friend and I agreed this was definitely a Million Dollar prize. He asked what I thought the upkeep would be. I said I did not believe I could pay the maintenance on this place. Bigger costs more. Period. More for taxes, upkeep-paint, carpet, cleaning etc. Larger homes cost more to heat and more to cool. Not to mention the yard care, the swimming pool, in ground hot tub and water features. So as folks trim their budgets they also trim monthly expenses. Another reason why smaller is in fashion.
Another appeal of smaller spaces is that it encourages green living. A smaller foot print on the earth if you will. It slows urban sprawl and builds communities. As a kid I grew up in NYC. I saw accommodations that would fit a single bed and a dresser. That was it. And people lived there. I grew up in a four room railroad flat. I had three brothers, my Mom and Grandma, two dogs. I thought that was tight living until I saw the space above. I believe a jail cell would have been larger. So the idea of smaller, more efficient spaces is not a new one. Just one that is being revisited.

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Land Grabbers By Rich Nesbit

November 21, 2010

Now that is a catchy headline guaranteed to make you notice huh? Well you guessed it; I’m here to talk about the Pilgrims. What? The Pilgrims? Yup. The Pilgrims. It is Thanksgiving!

I was watching a kids show the other day and was reminded of some things about the Pilgrims. First it is said they were not really seeking new land. They say they wanted religious freedom. However they had already found religious freedom in Holland, according to a story I read on the net, , yet they were concerned about the morals in Holland so off to America they went. I believe they wanted a place of their own. Remember The American Dream?

 The show talked about Samoset an Abnaki Indian whose tribe had been nearly wiped out in the New England area that the Pilgrims had settled in due to disease. It is estimated that 75% of the Indians in that area had died. Here’s when the land grab happened. See there was no land purchase, no eminent domain, just a taking of the land. Here is where we will live and claim it as our own the Pilgrims said. No one complained because the land had become vacant by the many that had died due to disease years before. As a Realtor I am here to tell ya, it might have been a hard sell anyway if the Pilgrims knew about it before settling there. Talk about a disclosure issue.

Samoset had learned English from the Captains of fishing vessels. His first thought was to help the Pilgrims by bringing in another Indian, Squanto, who spoke English better. Squanto had actually been to England and Spain which is where he learned to speak English. What a great idea Samoset had. I never really remembered Samoset from my youth, however I like him. He didn’t run out and hire an attorney to get back his land, a windfall or start a war. He extended a hand of friendship. True friendship. Let me help you and when I can’t do enough let me find someone who can do more. He knew there was enough to share and was kind enough to do so. How many of us remember to extend a helping hand to those in need.Then the Pilgrims remembered to do what was right. They shared as well. They invited the Indians back to enjoy the harvest with them. They also shared with newcomers to the settlement as well.

As I was driving through town the other week I noticed a line of people outside of St Vincent’s on Main St. People had lined up and were waiting for Thanksgiving dinner food boxes. Man I thought, how sad is that? So many people needing help. What I should have said is how can I help? What could I do, like Samoset did to help? So I ask you my dear readers, what can you do? How can you be like Samoset? Happy Thanksgiving to All

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