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Monthly Archives: September 2009

Oh By The Way its the last day so the answer is NO!

I have seen alot of changes through out the years. When I started in Real Estate in the 80’s, every deal had to be creative. We had tons of assumable loans, seller financing, and although the interest rates were high people could get a loan. In fact if the buyer got pre approved than they were like gold as long as they didn’t run out and buy a car or loose their job.

It seems the only things that close anymore are cash deals and seller financing deals. I was in a class the other day and someone was relating that they had a walk-in the other day that found the perfect property right away but unfortunately they need a loan. Three other people said in unison “I’m sorry, better luck next time”. Later on that day I talked to a local lender who is telling me how slow things are and that noone is coming in for loans. I just told him that clients and agents alike are convinced that there are no loans to be had. Start lending and they will come. Were not asking for loans for a house that is falling down to someone with a credit rating of 400 and no job. Just meet us half way here.

In all these years the one thing that has always been consistent is that infamous “Oh by the underwriter needs (something really difficult and that doesn’t make sense) to make this close”. The “oh by the ways” are really getting ridiculous. I have a condo listed. It isn’t suffering from broken condo syndrome and isn’t on the foreclosure rolls. It is in a very desirable area, not overpriced, every unit is owned and occupied. We were scheduled to close last Thursday. We knew going in that not all lenders loan on condos so the buyers agent helped them find a bank that would specifically lend on condos. All through the process both the selling agent and I and the title company have been in contact with the lender and making statements like “things are going too smoothly what else do you need?” We finally got the underwriter to ask for one small thing.

All along we have all been told, things are great in fact we can fund earlier than expected. So on Thursday we are waiting for the funds to come in, everyone has signed their docs, and the moving vans are revving up. It’s 2 p.m. and the funds never come. We call the lender and find everyone at a training seminar, and we can’t find out what is going on. We have buyers who are homeless, and sellers that have a deal that will fall out if this doesn’t get fixed fast. Friday comes and we finally get ahold of a live body that says “oh by the way, the underwriter does not want to lend on a condo”. Hello, it was a condo 45 days ago, it was a condo 3 days ago when you said we were done and ready to fund. It isn’t like it was a house and then changed into a condo last night.

 To all the underwriters out there please remember it is not just figures on a paper, People’s well being are almost always hanging in the balance. When you have said we are ready to fund and your supposed to be wiring the money over is not the time to throw in an impossible “Oh by the way”

upcoming events October 1-5 2009 WACANID Ride

October 1-5 2009

 International Selkirk Loop and Rotary Clubs of District 5080 are organizing the first annual 340-mile WaCanId Ride. Tour through Washington, Idaho and Canada along scenic passages. Camping is free and the proceeds will be used by Rotary clubs for various projects. Riders will receive a WaCanId Passport that will give them discounts at participating Selkirk Loop businesses. Awards given to individuals or teams who collect the most roadside trash, and who do well in the Selkirk Trivia games.   For more information and to register please visit

Sandcreek Bypass aerial photos


Construction is under way for the Sand Creek Bypass.

Sandcreek Bypass


This bypass has been on the planning table since the 40’s and highly debated for years. I for one think that it will relieve the congestion we are feeling in downtown Sandpoint and that businesses downtown will be accessible once again. 

Want to see more aerial photos see  Jerry of Aerial Photos Property Watch & Technical Jobs 208-265-4609 Fax 815-572-5461  

Also visit IDTs photogallery at

Best Deals in North Idaho

I ran across a post recently suggesting that we place a list of the top deals in our market.  (When I find the post again I will put a link to it.)  The idea behind the Best deals list is not to push our own listings but rather the best deals in our market. 

 The homes that appear here may be for sale by owner , bank owned or another agents listing.  Agents if you have a listing that you think should appear on my list please let me know.  It can be in any price bracket but it has to be an obviously good deal. 


Million dollar home for $449,000

This home appraised for $1,199,000 now it is a bank owned foreclosure and at a fantastic price.

Mark Hall Real Estate has an amazing custom home with an air of distinction and richness. Home situated on 5 acres with a creek and mountain views. Upgrades include brazilian cherry hardwood & carrera marble flooring. Living room has 12 ft coffered ceilings, fireplace with built in shelving wired for suround sound. Gourmet kitchen with Wolf range, double oven, Sub Zero freezer and granite counters. Large master Bedroom with tray ceiling and walk in closet. Master bath with air tub and steam shower. Granite counters throughout. Bonus room in turret could be 4th bedroom. This one is probably the best deal that I have seen since the 80’s



Live on the Hope Pennisula

Hope Pennisula has its own wildlife preserve and has always been a desirable place to live. With the luxury of water views and deer in the yard also comes with a high price. Century 21 Riverstone has a wonderful log home listed on red fir drive.

This 2bd + loft 3ba Home with large deck, open floor plan & lots of windows. T&G ceilings, wood floors and “hobby studio”. 2 car carport & community lake access all on over half an acre with lake & mountain views. Listed at far below what homes on the Pennisula go for, make and appointment to see this today.

 This one is a whole subdivistion.  I do have a few listings here as do several other agents.  This one qualifies for my best deal page because the prices are low and the owner financing makes it very easy for buyers to acquire this land. 



Prices starting at $55,000
5 acre parcels
Many Parcels border State lands
Close to town, golf and a recreational lake.
Paved roads and underground utilities
Virtually unlimited recreational land surrounding the project
Area of great water producing wells
Some parcels offered with water.
See the price lists and maps here




Yesterday, Today, Tomorrow

There are two days in every week about which we should not worry.
Two days which should be kept free from fear and apprehension.

One of these days is yesterday with its mistakes and cares,
Its faults and blunders, Its aches and pains.
Yesterday has passed forever beyond our control.
All the money in the world cannot bring back yesterday.
We cannot undo a single act we performed.
We cannot erase a single word we said. Yesterday is gone.

The other day we should not worry about is tomorrow.
With its possible adversities, Its burdens,
Its large promise and poor performance.
Tomorrow is also beyond our immediate control.
Tomorrow’s Sun will rise, either in splendor or behind a mask of clouds,
but it will rise.
Until it does, we have no stake in tomorrow, for it is yet unborn.
This just leaves only one day . . . Today.
Any person can fight the battles of just one day.
It is only when you and I add the burdens of those two awful eternity’s –
yesterday and tomorrow that we break down.
It is not the experience of today that drives people mad.
It is the remorse or bitterness for something which happened yesterday
and the dread of what tomorrow may bring.

Let us therefore live but one day at a time.

~ Author Unknown ~
(Possible author Jennifer Kritsch)

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