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Pam Jank

Check out what's happening in the Coeur d'Alene Area this week June 5th - 14, 2009

06-06-09
Pam Jank

Be sure to check out everything that is going on this week in the Coeur d'Alene Area

Things to do and places to go in Coeur d'Alene, ID

This Week in Coeur d'Alene ♦ June 5th - 14th, 2009

Sports Week - From June 5-14, 2009, Farragut State Park, located just north of beautiful Coeur d' Alene, Idaho, will host 24 different races and contests for outdoor enthusiasts and athletes of all ages and abilities! For more info visit www.adventuresportsweek.com

June 6th - Boulder Beach at Silverwood Theme Park Now Open Daily For more information visit www.silverwoodthemepark.com

June 6th - Christian Family Weekend at Silverwood Theme Park Two day Christian family celebration. Buy one General Admission ticket and receive one free when you purchase your tickets in advance. (This special offer does not apply when purchasing tickets at Silverwood's front gate. For more information on locations where you can purchase advance tickets call (208) 6833400x 126 or visit www.silverwoodthemepark.com

June 6th - Howl at the Moon Bike Ride at Silver Mountain For more info visit www.silvermt.com June 6th - Rock & Gem Show at the Kootenai County Fairgrounds

Join The Kootenai County Fairgrounds for the Rock & Gem Show, brought to you by the North Idaho Mineral Club. For more information: Please call the North Idaho Mineral Club at 208-772-7643 or you can also call the Fairgrounds at 208-765-4969 or visit their Website, www.northidahofair.com.

June 7th - City Park Band Shell Concert Barry Aiken & North Point Latin Rhythms / Pop Hits / Originals. 1pm - 4pm

June 9th - Upbeat Breakfast "Eco-Nomics" Upbeat Breakfast occurs the second Tuesday of every month at The Coeur d'Alene Resort. On average, about 150 members attend making it one of the most popular networking events in our community. Trade tables allow members to display their business and speak briefly about it to the group. The program features a different speaker each month, highlighting various topics of interest. With a reservation, the cost is $13 and includes breakfast and coffee. For more information visit www.cdachamber.com

June 9th - Summer Camp Registration Deadline Three consecutive, one-week camps in August for middle school students. Young Advocates for Human Rights camp is an intensive, fun, one-week human rights training course designed to promote advocacy and activism in the field of human rights. 208-292-2359 or e-mail info@hrei.org

June 12th thru 13th - Car d'Lane Classic Car Show The Coeur d'Alene Downtown Association rev-up for one of the most popular events during the summer season with the Annual Car d'Lane Classic Car Show! This is for the ultimate car enthusiast with Car d'Lane Friday Night Cruise (over 1,800 cars!) and the Saturday Show and Shine. The Car d'Lane vendor alley helps make this a fantastically fun family event. This is a great way to tell Dad, "Happy Father's Day" as there are fun things for kids to do of all ages. For more information: Please call the Downtown Association at 208-667-5986 or visit their Website at www.cdadowntown.com

June 13th & 14th - Fluid Ride Bike Race at Silver Mountain For more info visit www.silvermt.com. June 21st - Ford Ironman Triathlon One of the toughest events in the world of sports, more than 2,000 athletes will compete in the Ford Ironman Coeur d'Alene Triathlon. Volunteers are still needed for this event! You can register online at www.ironmancda.com or call Michelle Haustein at 415-0106

June 25th & 26th - Race the River Triathlon Location: Riverstone Park, Cd'A, Idaho Sprint Triathlon: .5 Mile Swim, 11 Mile Bike and 3.1 Mile Run. For more information visit www.racetheriver.com

Continuous Events:

Coeur d'Alene Cellars Winery Daily Tastings & Tours @ 11:00 a.m. PH: 208-664-2336

Wine Tasting at Daanen's Deli PH: 208-772-7371

Nightly Music at The Wine Cellar PH: 208-664-WINE

315 Martinis & Tapas Restaurant & Bar Live Music Every Friday & Saturday @ 6:00p.m. PH: 208-644-2336 or www.cdacellars.com

Beverly's Wine Tours Live Music Every Friday & Saturday @ 6:00p.m. Daily @ 4:30pm, Cd'A Resort

The Art Spirit Gallery "Tenth Annual Clay Invitational" Tuesday through Saturday From May 8th till June 27th, 11am - 6pm Call (208)765-6006 or visit Their website at www.TheArtSpiritGallery.com

Will your Idaho Property Tax Assessments drop?.... Not necessarily

05-26-09
Pam Jank

If assessed home values drop, will property your taxes do the same?

Uncle SamYou should be receiving your new "Property Valuation Notices" in the mail very soon.

I know that everyone is hoping their tax assessed value will be reduced on these valuations. Unfortunately, whether your home value goes up or down, your property taxes won't necessarily follow suit.

"Taxes are not tied directly to home values, despite what a lot of people think," said Alan Dornfest, property tax policy supervisor for the Idaho State Tax Commission.

According to him, "Your Taxes are based on the budgets of taxing districts." and "If cities, counties, and other taxing districts budget the same amount from property tax from one year to the next, but property values go down, the levy rate goes up automatically to compensate."

For most taxing districts, budgets aren't set until August or early September, so final property tax amounts won't be certain until then.

Dornfest said property values are determined by county assessors as of January 1 of each year, so whatever happens to the real estate market later in the year has no impact until the following year's assessment. While property values have plummeted in some parts of Idaho during 2009, Dornfest said, they've actually risen in others.

The Tax Commission oversees Idaho's property tax system, which is administered by the counties. For more information on property assessments and taxes, visit the Property Tax section of the Tax Commission's Web site at tax.idaho.gov.

Please contact me with any of your Real Estate / Relocation / Referral needs:

Coeur d'Alene, Idaho - City by the Lake

Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315

USDA Guaranteed Rural Housing Program - 102% Financing - No Mortgage Insurance

05-21-09
Pam Jank

USDA Guaranteed Rural Housing Program - Home Financing Options

Home Financing Options
Are you ready to own a home but are not sure you will qualify due to lack of a down payment?
Rural Development may be able to help you! USDA Rural Development has partnered with local lenders to help them extend 100% financing opportunities to rural individuals and families.

  • No down payment required
  • No expensive monthly mortgage insurance means you may qualify for a larger loan.
  • Flexible credit and qualifying guidelines.

The Rural Development guaranteed loan program has assisted thousands of customers just like you. Tell your mortgage lender you want the USDA Rural Development Guaranteed Housing Loan.
  • No Down payment is required.
  • Flexible credit score guidelines.
  • No maximum purchase price limit.
  • Closing costs can come from any source including gifts.
  • Repairs and improvements can be included in the loan.
  • Competitive fixed 30-year rates.
  • Apply with a local participating lender of your choice.
  • Occupy the property as your primary residence.
  • Do not own an adequate home.
  • Do not have sufficient cash for a 20% down payment plus pay typical loan closing and relocation expenses.
  • Be a U.S. citizen, a U.S. non-citizen national or a "qualified alien".
  • Provide stable and dependable income for repayment ability.
  • Have a credit history that indicates a willingness to meet obligations as they become due.
  • Have an adjusted household income that is within Rural Development guidelines based on the number of persons who will occupy the home.
  • Purchase a residential property that is located in a Rural Development eligible area.
No mortgage insurance saves you a lot of money. Mortgage insurance raises your monthly payment, which REDUCES the amount of a home loan you may qualify to purchase. Guaranteed loans may allow you to qualify for a newer or larger home to meet your needs
    • Did you know that the typical mortgage insurance premiums for the first 10 years on a $100,000.00 loan could cost you $6,000 or more? The mortgage insurance can continue beyond the 10 years. The cost of Rural Development's guarantee is only $2,000.00 on a $100,000.00 loan.
    • No mortgage insurance allows you to qualify for a larger mortgage amount.
  • There is little or no cash required for a down payment or closing costs in most cases.
  • Determine if the property is within the Rural Development eligible area.
    • Use the link "Single Family Housing" under "Property Eligibility".
  • Determine if your adjusted household income is within the Agency limits,
    • Use the link "single family housing" under "income eligibility"
  • Rural Development Nationally Approved Lender List - Any lender may participate in the program regardless of Rural Development approval status. Contact Rural Development for assistance.
Even though you will not be applying directly to Rural Development for the loan, you may want additional information. Or perhaps you will want to pass along the Rural Development contact information to your realtor or builder, or loan officer.
    • The Rural Development Office Locator website is: http://www.rurdev.usda.gov/recd_maps.html Or you can go to the home page of Rural Development for your state to find a listing of their offices.
    • You can always look them up in the telephone directory blue pages under "United States Department of Agriculture", and then look for "Rural Development" or "Rural Housing Service.
Educate yourself on the Guaranteed Loan Program by reviewing all of the information on this site and the "eligibility" web site.
  • Set up an appointment with the mortgage lender of your choice for your pre-approval determination. The Agency maintains a list of nationally approved underwriting lenders. Any branch of these lenders can accept your application.
  • If you have any questions, contact your local Rural Development office.

This program is a government insured home loan program for low-tomoderate income borrowers looking to purchase a home in a rural development area.
Eligile in Non-Metropolitan areas, outside city limits - population of 25,000 or less (Post Falls, Rathdrum, Hayden norh of Lancaster Rd or West of Atlas Rd, Athol, Worley, Harrison, etc.)
102% Financing - No Monthly Mortgage Insurance
30 year fixed rate loan
One time guarantee fee of 2.0% of loan amount
No reserve requirements
Priary residence ONLY - Must NOT own other real estate
Single family residence or RD eligible condo/PUD, manufactured home must be new and RD approved
Income Limits:
Coeur d'Alene, ID RHS LOW INC 1-4 persons = 44100, 5-8 persons = 58200
Coeur d'Alene, ID RHS MOD INC -GUARANTEED LOAN 1-4 persons $73,600, 5-8 persons $97,150

Please contact me with any of your Real Estate / Relocation / Referral needs:

Coeur d'Alene, Idaho - City by the Lake

Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315

Home Buyer Tax Credit CAN be used for Down Payment in IDAHO - Here is how

05-21-09
Pam Jank

IHFA's Down Payment Assistance Tax Credit Advance - TAX CREDIT 2nd LOAN

The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of 10% of the sales price, up to a maximum of $8,000. This tax credit is available to qualified home buyers who purchase a home by December 1, 2009. In order to help buyers monetize this tax credit for down payment and closing costs when they purchase a home, Idaho Housing and Finance Association (IHFA), through its IdaMortgage lending program, is offering a special short-term Tax Credit 2nd Loan to qualified buyers.

In conjunction with an IdaMortgage loan, a subordinate loan will be offered to qualified borrowers of up to $7,000, not to exceed 100% CLTV at 3.0% interest and with a due date of July 1, 2010. The Tax Credit 2nd Loan is expected to be paid off from the borrowers tax refund obtained through use of the federal tax credit.

Borrower qualifications are:

1) first time homebuyer (Has not owned a home in at least 3-years)

2) FICO score of no less than 640, and a total debt ratio of no more than 45% ,

3) completed certification from the home buyer and a qualified tax preparer that he/she expects a tax refund of at least the amount of the loan, and

4) qualifies for an IdaMortgage loan. First time homebuyers with credit scores of 700+ will not be required to produce a certification.

Idaho Housing and Finance Association (visit www.ihfa.org)

Please contact me with any of your Real Estate / Relocation / Referral needs:

Coeur d'Alene, Idaho - City by the Lake

Pam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315

How Much Does it Cost to Build a Home?" - Answers to that Question....

05-19-09
Pam Jank

It is not unusual to have the question "How much does it cost to build a home" directed at me. I wish there was a simple answer. However, it is far from simple.

Let's start with the type Floor Plan your home will have.

2-Story with bonus over garage - Tim Jank and Associates - Custom Home Builders - IdahoDo you want a Rancher (one-level home), Rancher with a Basement (one-level home with basement), Rancher with a daylight walk-out basement (1-or more walls are not in earth), Rancher with a Bonus room above the garage, Rancher with a bonus room above garage and a basement or daylight basement?

Do you want a 2-story home ( a home with the square footage equally distributed on each of the 2-levels) a 2-story with a Basement, 2-story with a daylight walk-out, 2-story with a bonus room above garage, 2-story with bonus room above the garage and a basement?

Do you want a Multi-Level home, a tri-level, four-level home (homes where the Living room dining room, kitchen and a ½ bath are on the main level and then you go ½ flight of stairs to bedrooms and baths and down ½ flight of stairs under the upper level to a ½ submerged basement (your windows start at ground level and go up 2-1/2+ft.) with a family room additional bedrooms & baths? A four level would take you down below the main level of the home to a fully submerged basement for additional space.

Tim Jank and Associates - Custom Home Builders - Rancher w/Bonus RmDo you want a Split-Entry home? A split entry is where you enter the Entry of the home on the main-level and then have to go up or down a full flight of stairs to go to the living areas. Upstairs are usually a Living Room, Dining Room, Kitchen, bath and bedroom(s). Down stairs are usually a family room laundry room, bath and additional bedroom(s). The down stairs is ½ submerged into the ground (windows start at ground level and go up about 2-1/2+ft).

There are even more styles than these, but I think you get the idea of the many different Floor Plan Styles.

Let's say you want to build a home that has a total of 2,000 sq. ft. and you want the Floor Plan that will give you that amount of square footage for the LEAST amount of money.

Two Story - Tim Jank and Associates - Custom Home BuildersHere are the Floor Plans in the order of Least to Most expensive to build 2000 sq. ft.

1. Split-Entry

2. Multi- Level

3. Rancher with Basement

4. 2-Story

5. Rancher

The least expensive floor plan to give you the 2000 sq. ft. you want would be Split Entry.

But, let's say you don't like the idea of having to go up and down flights of stairs to get into the house or to go between levels. Then you would opt to pay a little more for your 2000 sq. ft. by going to the Multi-level with allows you to enter the home without having to use stairs. Once you are inside the main-level of the home the flights of stairs to the different levels are shorter flights or ½ flights.

Rancher with Daylight Walk-out BasementNow you have decided that even ½ flights of stairs are more than you want to deal with on a daily basis getting to and from the living areas you use on a daily basis. That would take you to another price level up to Rancher with a Basement (1000 sq. ft. on the main level and 1000 sq. ft. in the basement). Most of your daily living needs would be on the main level. Living room, dining room, kitchen, bath, your bedroom. The basement would have your Family room, hobby room, guest room, bath room and possibly a laundry room unless you want it upstairs. (Add more money for a daylight walk-out basement).

So, you don't like basements, walk-out or otherwise. Then you would go up another price level to the Two-Story home (I think we all know what that is).

After all that... you have now decided that you don't like stairs at all... nada... zip... Well, you have just found the most expensive way to get 2000 sq. ft. It is called "The Rancher" One-Level home. All 2000 sq. ft. are spread out on the same level. No stairs.

WE ARE NOT DONE YET!

Once you have decided which floor-plan best suits your needs for that 2000 sq. ft. home, you have to decide what amenities or upgrades to the home are the most important to you. I.e., Granite, stone, tile, kitchen, baths, fireplace(s), lighting, moldings, floorings, siding, roofing, flatwork (patios, pathways).

To give you an example: A full kitchen appliance package could be done for $2500 or it can be done for $25,000. A full lighting package could be done for $600 or $16,000. It all depends on your specific needs and wants. (these are generalized prices not exact).

WE HAVE ANOTHER ISSUE!

The lot (Land) you choose to build on will dictate the type of floor plan you will be able to build. The width, depth, slope, steepness, levelness, shape, etc... of the lot (Land) has much to do with what you can build. Different types of lots have different ADDED costs to build. Do you need retaining walls, a longer driveway, additional engineering, etc?
**That great buy you got on your lot (land) may have had allot to do with your unseen "ADDED COSTS" to build.**

Are you starting to see the "DIFFICULT to ANSWER" Part?

If I had to generalize, using a 2000 sq. ft. Rancher (the per sq. ft. costs are relative to our area in Kootenai County, Idaho. Your per sq. ft. costs may or will differ):

  • An entry level (simple design, inexpensive grade materials, no bells or whistles!) 2000 sq. ft. "RANCHER" with a 2-car garage could be built for as little as $80+/- per sq. ft.
  • A moderately priced "Rancher" with some higher end amenities and building materials (siding, roof, stone, etc) and higher kitchen, bath, flooring, counters, lighting allowance) could be $100+/- per sq. ft.
  • A very nice "Rancher" with a 3-Car garage and really good blend of higher end building materials, amenities, and style could be $140+/- per sq. ft. (See 2nd Photo "Rancher w/Bonus Rm")
  • If you are the type of person that has to "HAVE IT ALL" you could be looking upwards to the $200+/- per sq. ft.

I have barely touched on the things that determine your "COSTS to BUILD." This has been a generalization. Your specific needs and/or type of land you are building on will reduce or increase the "Costs to Build"

The State, City, Town, and or distances to where building materials are available will also make a difference in "Cost to Build." Accessibility to your property can be another issue.

So, as you can see, the "Cost to Build" is very relative!

--------------

If you are looking to have a custom home built here in the Kootenai County, Bonner County, Shoshone County, Benewah County areas, please give me a call. My husband and I have been building quality Residential, Waterfront, Acreage, View, Retreat, Golf Course, etc.. homes in theses areas for 20 years. We are more than happy to work with you on your "New Construction" needs and provide you with actual costs for your specific needs.

Contact: Tim Jank & Associates (Custom Builders) at: 208-661-2008

Or

Please contact me with any of your Real Estate / Relocation / Referral needs:

Coeur d'Alene, Idaho - City by the LakePam Jank, Realtor, GRI, CRS, ABR, RRS, PPS
Previews Property Specialist
Your North Idaho Real Estate Pro
FREE MLS Listings Search at:
Web: Coeur d'Alene Idaho Homes for Sale
email to:pamjank@hotmail.com
Phone: 208-661-2282
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
435 W. Hanley Avenue
Coeur d'Alene, ID 838315