Real Estate Sandpoint

12/14/2024

Beautifully renovated 3-bedroom, 2-bathroom home offers a perfect blend of modern updates and classic charm. LOCATION, LOCATION just a short distance to downtown Sandpoint, you'll enjoy the convenience of nearby shops, restaurants, and local attractions. Freshly updated throughout with contemporary finishes and attention to detail, solid Maple Floors throughout and all new LED lighting. Relax on the inviting covered front porch or take a short trip across the street to the peaceful city park. Inside, the bright living areas offer comfort and style, while the newly renovated kitchen and bathrooms provide both function and elegance. New slip system heat / ac unit and backup freestanding natural gas eco heater to keep you warm during the cooler months, offering efficient heating with a sustainable touch. For added convenience, 864 sf detached 2 car garage with great shop space, perfect for hobbies, storage, or additional projects. Newly landscaped with French Drain System installed. Don’t miss this rare opportunity to own a move-in ready home in a fantastic location with all the modern amenities you need. SOLD

11/05/2024

WATERFRONT! Modern Farmhouse Cottage on the lake comfortably sleeps 10+! Ideal for Family Retreat or Vacation Rental. Tastefully furnished 3bd/2ba new construction home w/1794sf of bright living space, 494sf large, finished attic. Vintage charm fills this happy home w/an open concept in living, dining & kitchen areas, main flr bed rm, laundry & bath w/walk in shower. Kitchen w/vintage range/oven, floating shelves, maple countertops & beverage fridge in breakfast island. Dining area open to living rm w/Infrared fireplace insert w/mantel & French doors to covered deck above waterfront. Durable laminate plank flrs, central vac throughout & well insulated keeping home cool in summer months. Low maintenance landscaping w/sprinkler system, gentle access to waterfront with newly installed dock. Enjoy year-round recreation on Cocolalla lake from summer water Boating sports to winter activities such as ice fishing, skating & more! Conveniently located approx. 15 m. from Sandpoint,20 min. to Silverwood Theme Park, just over 1hr to Spokane airport & 40 min to Schweitzer Ski Resort! Asking $985,000 message for more info

12/20/2023

"Working with Jiwan was the best experience I have had - across industries, not just realestate - in a long time. How often do are you truely able to tell someone *this* is person you need to go to??? His calm guidance was instrumental in getting this deal completed and his customer service throughout the process was outstanding, including being accessible even during somewhat off hours.

I do not typically write these type testimonials but, I'll make an exception to brag on Jiwan. I would recommend Jiwan to friends, family, neighbors, and randoms alike. Thank you, Jiwan and Team!"

11/19/2023

This Shop House has it All. 68'X47' shop house on 10 wooded acres. 1150sf living space 2bd. 1.5 bath, living quarters include tiled Kitchen and bathrms., hardwood hickory flooring, large master bedrm., spacious indoor Root Celler/pantry. 2000sf Shop, full concrete floor, 3 bays, work and storage areas. Full electric with added Solar System back up to shop, built in pro vacuum system, shop air compressor with multiple drops, shop heated by Blaze King wood stove & Reznor propane heater, loft w/ Hydraulic stairs, Hydroponic growing system set-up, Elevated indoor planting beds, security system setup for house, shop and grounds. Outbuildings include wood heated 14' X 31' detached man cave / billiards room w/ elec., 10' X 20' covered car port, 14' X 30' lean-to workspace, 16' X 16' woodshed, 2 wells and 2 septic systems, RV parking area (elec, septic, and water service), Detached old storage barn w/ elec. and partly framed and drywalled. RV parking area with power, septic, and water. SOLD

11/11/2023

SO…YOU WANT TO BE A REALTOR
There is a lot of talk in the news about real estate agent commissions. They LOVE what they do and they do it because they LOVE helping people but there is almost always a huge misconception on what they do and how they get paid. It's not a secret so here ya go...😊
The average FULL TIME REALTOR’s earnings last year was $31,900 @ 40+ hours a week. (Notice I wrote full time 40+ hours not 0-20 hours a week) which is well below the living wage. As a REALTOR they do not get paid a hourly wage or salary and they
only get paid if they sell a home and it closes. They can only get paid by broker to broker. As an agent you could work with someone days, weeks, months, or years with no guarantee of a sale ever.
Essentially they wake up each day unemployed going on Job Interviews and they deal with constant rejection. They dedicate time away from family, use our time, gas, pay for babysitters, miss dinner and weekends and rarely take vacations. They are on 24/7! You constantly need to be on, or you could miss an opportunity. Once they do close a home, half goes to the other persons agent from the remaining half. They have lots of upfront expenses that must be paid out before they even get paid:
Broker Splits and Fees
Office rent and utilities
MLS Fees
NAR Fees
Local Association Fees
E&O Business Insurance
Extended Auto Insurance
Self-Employment Tax
State Licensing Fees
Advertising Fees
Showing Service Fees
Website Fees
Assistant's Salaries
Showing partners
Transaction coordinator
Yard Signs
Photographers
Videographers
Office Supplies
Business Cards
Property Flyers
Electronic Lockboxes
Continued RE Education
Legal Fees
Gas
Income taxes are not taken out so they have to put that aside around 25-30%.
Don’t forget health insurance if you don’t have a spouse who provides it.
As a listing agent they have lots of tasks far more than just selling a home.
1. Prepare Listing Presentation for Sellers
2. Research Sellers Property Tax Info
3. Research Comparable Sold Properties for Sellers
4. Determine Average Days on Market
5. Gather Info From Sellers About Their Home
6. Meet With Sellers at Their Home
7. Get To Know Their Home
8. Present Listing Presentation
9. Advise on Repairs and/or Upgrades
10. Provide Home Seller To-Do Checklist
11. Explain Current Market Conditions
12. Discuss Seller’s Goals
13. Share Your Value Proposition
14. Explain Benefits of Your Brokerage
15. Present Your Marketing Options
16. Explain Video Marketing Strategies
17. Demonstrate 3D Tour Marketing
18. Explain Buyer & Seller Agency Relationships
19. Describe the Buyer Pre-Screening Process
20. Create Internal File for Transaction
21. Get Listing Agreement & Disclosures Signed
22. Provide Sellers Disclosure Form to Sellers
23. Verify Interior Room Sizes
24. Obtain Current Mortgage Loan Info
25. Confirm Lot Size from County Tax Records
26. Investigate Any Unrecorded Property Easements
27. Establish Showing Instructions for Buyers
28. Agree on Showing Times with Sellers
29. Discuss Different Types of Buyer Financing
30. Explain Appraisal Process and Pitfalls
31. Verify Home Owners Association Fees
32. Obtain a Copy of HOA Bylaws
33. Gather Transferable Warranties
34. Determine Need for Lead-Based Paint Disclosure
35. Verify Security System Ownership
36. Discuss Video Recording Devices & Showings
37. Determine Property Inclusions & Exclusions
38. Agree on Repairs to Made Before Listing
39. Schedule Staging Consultation
40. Schedule House Cleaners
41. Install Electronic Lockbox & Yard Sign
42. Set-Up Photo/Video Shoot
43. Meet Photographer at Property
44. Prepare Home For Photographer
45. Schedule Drone & 3D Tour Shoot
46. Get Seller’s Approval of All Marketing Materials
47. Input Property Listing Into The MLS
48. Create Virtual Tour Page
49. Verify Listing Data on 3rd Party Websites
50. Have Listing Proofread
51. Create Property Flyer
52. Have Extra Keys Made for Lockbox
53. Set-Up Showing Services
54. Help Owners Coordinate Showings
55. Gather Feedback After Each Showing
56. Keep track of Showing Activity
57. Update MLS Listing as Needed
58. Schedule Weekly Update Calls with Seller
59. Prepare “Net Sheet” For All Offers
60. Present All Offers to Seller
61. Obtain Pre-Approval Letter from Buyer’s Agent
62. Examine & Verify Buyer’s Qualifications
63. Examine & Verify Buyer’s Lender
64. Negotiate All Offers
65. Once Under Contract, Send to Title Company
66. Check Buyer’s Agent Has Received Copies
67. Change Property Status in MLS
68. Deliver Copies of Contact/Addendum to Seller
69. Keep Track of Copies for Office File
70. Coordinate Inspections with Sellers
71. Explain Buyer’s Inspection Objections to Sellers
72. Determine Seller’s Inspection Resolution
73. Get All Repair Agreements in Writing
74. Refer Trustworthy Contractors to Sellers
75. Meet Appraiser at the Property
76. Negotiate Any Unsatisfactory Appraisals
77. Confirm Clear-to-Close
78. Coordinate Closing Times & Location
79. Verify Title Company Has All Docs
80. Remind Sellers to Transfer Utilities
81. Make Sure All Parties Are Notified of Closing Time
82. Resolve Any Title Issues Before Closing
83. Receive and Carefully Review Closing Docs
84. Review Closing Figures With Seller
85. Confirm Repairs Have Been Made
86. Resolve Any Last Minute Issues
87. Attend Seller’s Closing
88. Pick Up Sign & Lock Box
89. Change Status in MLS to “Sold.”
90. Close Out Seller’s File With Brokerage
As a buyers agent they also have many tasks.

1. Schedule Time To Meet Buyers
2. Prepare Buyers Guide & Presentation
3. Meet Buyers and Discuss Their Goals
4. Explain Buyer & Seller Agency Relationships
5. Discuss Different Types of Financing Options
6. Help Buyers Find a Mortgage Lender
7. Obtain Pre-Approval Letter from Their Lender
8. Explain What You Do For Buyers As A Realtor
9. Provide Overview of Current Market Conditions
10. Explain Your Company’s Value to Buyers
11. Discuss Earnest Money Deposits
12. Explain Home Inspection Process
13. Educate Buyers About Local Neighborhoods
14. Discuss Foreclosures & Short Sales
15. Gather Needs & Wants Of Their Next Home
16. Explain School Districts Effect on Home Values
17. Explain Recording Devices During Showings
18. Learn All Buyer Goals & Make A Plan
19. Create Internal File for Buyers Records
20. Send Buyers Homes Within Their Criteria
21. Start Showing Buyers Home That They Request
22. Schedule & Organize All Showings
23. Gather Showing Instructions for Each Listing
24. Send Showing Schedule to Buyers
25. Show Up Early and Prepare First Showing
26. Look For Possible Repair Issues While Showing
27. Gather Buyer Feedback After Each Showing
28. Update Buyers When New Homes Hit the Market
29. Share Knowledge & Insight About Homes
30. Guide Buyers Through Their Emotional Journey
31. Listen & Learn From Buyers At Each Showing
32. Keep Records of All Showings
33. Update Listing Agents with Buyer’s Feedback
34. Discuss Home Owner’s Associations
35. Estimate Expected Utility Usage Costs
36. Confirm Water Source and Status
37. Discuss Transferable Warranties
38. Explain Property Appraisal Process
39. Discuss Multiple Offer Situations
40. Create Practice Offer To Help Buyers Prepare
41. Provide Updated Housing Market Data to Buyers
42. Inform Buyers of Their Showing Activity Weekly
43. Update Buyers On Any Price Drops
44. Discuss MLS Data With Buyers At Showings
45. Find the Right Home for Buyers
46. Determine Property Inclusions & Exclusions
47. Prepare Sales Contract When Buyers are Ready
48. Educate Buyer’s On Sales Contract Options
49. Determine Need for Lead-Based Paint Disclosure
50. Explain Home Warranty Options
51. Update Buyer’s Pre-Approval Letter
52. Discuss Loan Objection Deadlines
53. Choose a Closing Date
54. Verify Listing Data Is Correct
55. Review Comps With Buyers To Determine Value
56. Prepare & Submit Buyer’s Offer to Listing Agent
57. Negotiate Buyers Offer With Listing Agent
58. Execute A Sales Contract & Disclosures
59. Once Under Contract, Send to Title Company
60. Coordinate Earnest Money Drop Off
61. Deliver Copies to Mortgage Lender
62. Obtain Copy of Sellers Disclosure for Buyers
63. Deliver Copies of Contract/Addendum to Buyers
64. Obtain A Copy of HOA Bylaws
65. Keep Track of Copies for Office File
66. Coordinate Inspections with Buyers
67. Meet Inspector At The Property
68. Review Home Inspection with Buyers
69. Negotiate Inspection Objections
70. Get All Agreed Upon Repair Items in Writing
71. Verify any Existing Lease Agreements
72. Check In With Lender To Verify Loan Status
73. Check on the Appraisal Date
74. Negotiate Any Unsatisfactory Appraisals
75. Coordinate Closing Times & Location
76. Make Sure All Documents Are Fully Signed
77. Verify Title Company Has Everything Needed
78. Remind Buyers to Schedule Utilities
79. Make Sure All Parties Are Notified of Closing Time
80. Solve Any Title Problems Before Closing
81. Receive and Review Closing Documents
82. Review Closing Figures With Buyers
83. Confirm Repairs Have Been Made By Sellers
84. Perform Final Walk-Through with Buyers
85. Resolve Any Last Minute Issues
86. Get CDA Signed By Brokerage
87. Attend Closing with Buyers
88. Provide Home Warranty Paperwork
89. Give Keys and Accessories to Buyers
90. Close Out Buyer’s File Brokerage
Whew…exhausting isn’t it!?! 🤯
✨You don't need to buy or sell a home to support your agents real estate business – here are just a few simple ways to show your support!⁣ By sharing one of their listings, sending a friend or family member their way, letting them connect you with agents outside their area for a broker to broker referral, or leaving them a positive comment or review, this helps them feel seen and supported - (thanks to you)! ❤️✨
If you’re a Realtor, please feel free to copy & paste and continue to share this information.

08/31/2023

https://havenlifestyles.com/havenmntw0823/
check out pages 72-73

Homes and lifestyles in the Mountain West area Idaho, Montana, Utah and Wyoming

04/07/2023

AWESOME WELL-BUILT HOME NESTLED IN THE MOUNTAINS OF NORTH IDAHO! Completely Unique custom-built home on a 42.6 ac. Timbered, 1000ft Hwy 2 frontage,1000 ft. Kootenai River frontage remote property with several building sites and spectacular Views. Seller is a retired custom builder / developer craftsman construction and finishes,estimated 950 sf 'Pole Barn Frame Style' currently finish 1bd / 1 bath downstairs with full plumbed and wired unfinished additional 2bd. / 1 bath upper lever. (Potentially 3bd, 2 bath residence/ office / community building / etc.) State of the Art solar system off-grid package :30 kw lith. iron phosphate battery storage /20 -325watt /48-volt solar panels and 2-1600 w/ 48-volt wind turbines with backup generator, 22 gpm well. This property has unlimited potential, a remote hide-a-way to a private RV / tiny house / family vacation retreat or whole family compound. Frontage on Hwy & River, 42ac timbered, quite privacy, sitting on the Idaho & Montana border, bring your dream and make it happen. Asking $699,000 For more information message me.

10/02/2022

CLICK HERE https://www.youtube.com/watch?v=_i4tzy878mg

08/14/2022

Sandpoint Waterfront, Snug Harbor. On the Pend Oreille River just minutes from town.

08/03/2022

Mortgage markets were very volatile over the past week, as a large batch of significant economic data contained several upside and downside surprises. In the end, the various reports were roughly offsetting, however, and mortgage rates were nearly unchanged.

Two significant economic indicators released this week from the Institute of Supply Management (ISM) provided additional evidence that consumer spending has been shifting from goods to services. The ISM Manufacturing Index fell to 52.8, which was close to expectations, but the lowest level since June 2020. By contrast, the ISM Services Index rose to 56.7, which was far above the consensus forecast. Levels above 50 indicate that the sectors are expanding.

Gross domestic product (GDP) is the broadest measure of economic activity. During the second quarter, GDP fell at an annualized rate of 0.9%, far below the consensus forecast for an increase of 0.5%, but an improvement from a decline of 1.6% during the first quarter. Many components had negative readings, including inventories, private investment, consumer spending on goods, and government expenditures. Consumer spending on services was one of the few areas showing strength.

In June, the core Personal Consumption Expenditures (PCE) Price Index, an inflation indicator closely watched by Federal Reserve officials, was up 4.8% from a year ago, which was a little higher than expected. For comparison, the annual rate of increase was below 2% during the first three months of 2021. The key issue for investors and Fed officials is how quickly inflation will moderate as global supply chain disruptions are resolved.

Week Ahead
Looking ahead, investors will listen closely to comments from Fed officials for guidance on the pace of future rate hikes and bond portfolio reduction. Beyond that, the monthly Employment Report will be released on Friday, and these figures on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. The Consumer Price Index (CPI) will be released on August 10. CPI is a widely followed monthly inflation indicator that looks at the price changes for a broad range of goods and services.

07/29/2022

Sellers or Buyers Market.... time to purchase your next property.

07/04/2022

Good Read

The rapid rise in mortgage rates is cooling demand, jolting markets from coast to coast.