After 16 years of being my own boss as a restaurateur, I’ve changed careers and am now a licensed realtor! Everything is new. New products. New lingo. New protocols. New associates. The list is long, but I’m excited, enthusiastic and eager to become a high producing agent.
Last week, I took some new clients, along with their four year old daughter, out and showed property for the first time (yet another new). Naturally, I was a bit nervous, but mostly thrilled, as I pulled up to my very first showing. These days, most homes have electronic lock boxes that open with a key you insert into your Iphone. Once your key registers on your phone, you simply point (and shoot) at the lockbox, the lockbox opens and out drop the keys to the house.
As fate would have it, I couldn’t get my key working properly and consequently, couldn’t get the lock box open. Yikes! Starting to stress and hearing my internal dialogue, “Are you kidding me?!?” “Is this really happening?!?”
Well, because of my experience as a business owner, I’m used to problem solving on the fly. So, trying to keep my cool, I began checking the doors for the off chance one was unlocked. No such luck. As I made my way around back, the four year said, “What if I go in there?!?” as she pointed to the doggie door. YES!! She crawled in and with a little guidance from outside she unlocked the door.
Shazam…we were in!!! Needless to say, we had more than a few laughs. The clients ended up loving the house and are about to write up an offer….all because of the dog door.
To say the Sun Valley real estate market is recovering is beginning to sound like an understatement. Rebound is quickly becoming a better term to describe our local market. Short sales and foreclosures in Ketchum and Sun Valley have all largely passed through the market. The few remaining distressed and bank owned properties in Hailey are selling like hot cakes.
As our market shifts, lack of available inventory is quickly becoming our biggest issue. So what happens when you have lack of supply and high demand? Upward pressure on pricing, that’s what. Multiple competing offers on properties and buyers chomping at the bit in anticipation of new listings. That an increased demand for land and even, you guessed it, new construction which we are beginning to see in Hailey as well in the higher end markets in Ketchum and Sun Valley.
It’s an exciting time to be in the business of real estate here in Sun Valley. We’ve weathered the storm of the recession, licked our wounds, learned our lessons, got stronger and smarter and we are ready to go to work for you as we spring ahead into what promises to be an incredible summer selling season here in Sun Valley. Ready to get started?
How Cool is Sun Valley! Here’s a shot of a huge moose that was hanging out in my backyard this week end snacking on some branches while I sipped coffee in the family room. Be sure to take advantage of the incredible buyers market we are experiencing and you too can have a moose in your Sun Valley backyard. Or an elk, deer, fox, bear…
Brand new construction in the prestigious Valley Club, the Wood River Valley’s only private country club. Located on a pond overlooking the 18th green of the new Tom Fazio 9. Exceptional finishes throughout this well designed home offer an inviting setting for family and friends to enjoy for years to come. Bank ownership means excellent value and priced to sell immediately. Call for a showing today!
My wife Kristen and I joyfully announce the birth of our third (and final!) child. Honor Jules Coulter was born on July 9th at 4:19 AM. She weighed 7lbs. 13oz. and was 21 inches long. She and mom are doing great. Brothers Charlie (6) and Andy (3) couldn’t be happier.
Welcome to the second installment of How to And How Not to Sell Your Home. Keep reading to find out how you can make your home more marketable!
2. Keep your house in good shape inside and out! The last thing a buyer wants is to buy a house and then spend years and even more money fixing it up. Just because you’re selling doesn’t mean you can let your house go into disrepair. A potential buyer would much rather notice the nice views and expensive wood floors your house boasts than the leaks in the master bedroom and the overgrown lawn filled with weeds, but if the latter is present, the former doesn’t always make up for it. You don’t have to go all out, just keep your house in good shape.
2. Hire the wrong broker. Ideally, a good broker should do 90% of the business. You also want to look for a broker who is enthusiastic about finding you a good buyer. A broker who seems disinterested or who is flaky is not the broker you want to be working with. Ask family or friends for recommendations to help you find the perfect broker. Also, you can always change brokers– just because you initially worked with one doesn’t mean you’re obligated to stick with him/her throughout the whole process.
Good luck and happy selling!
Most everyone is familiar with a traditional auctions. Well, reverse auctions are a different and interesting sort of beast. As a leading and widely accepted real estate site states, “The popularity of reverse auctions in recent years has increased, as auctions in general are becoming the preferred way of buying real estate and goods of all kinds.”
As the name suggests, reverse auctions are those transactions in which the roles of buyers and sellers are reversed. For example, en a traditional auction, most commonly known as a forward auction, buyers compete to obtain a property, with the selling price increasing as the buyers keep raising their bids in an effort to outlast each other. A real estate reverse auction, is just the opposite. In the case of a reverse auction, the seller steadily drops their price until they find the price point. Sellers drop their price until they reach market demand.
Aside from the distressed property sales, the “reverse auction” is essentially Read the rest of this entry »
With housing prices continuing a downward spiral (housing analysts expect the prices to drop another 8% this year), it might seem to some that it is not a good time to buy a house. Why not wait until the market is more stabilized? Here’s why:
It’s a vicious cycle.
In the words of Mike Castleman, Sr. of Metrostudy, we are “not suffering from what would normally be considered an oversupply of housing– [we're] suffering from tremendous underdemand” (Bottome Line Personal, Volume 32 Number 14, page 5). What has happened is that people lost their Read the rest of this entry »
Bill Gates? Oprah? Probably, and with the annual Allen and Company event in Sun Valley there are many more corporate celebrities on hand. Each year the investment banking firm Allen and Company from New York holds this summit of the best minds in the media and technology sectors to share thoughts and ideas. Right here at the Sun Valley Resort. Behind closed doors, high profile meetings and conversations take place that shape the future of media and technology as we know it. Some of this years attendee’s include: Bill Gates billionaire founder of Microsoft, Oprah Winfrey, Warren Buffett billionaire investor, Rupert Murdoch News Corp media mogul, Mark Zuckerberg founder of Facebook, Tom Brokaw, New York Mayor Michael Bloomberg, Harvey Weinstein of Mirimax Films, Walt Disney CEO Robert Iger. And many more.
For about 4 days Friedman Memorial Airport looks like LaGuardia with corporate jets stacked ten deep waiting to pick up and drop off their high profile passengers. This event has come to represent a highly anticipated and appreciated event by bringing a ton of national media attention and exposure for Sun Valley. Plus, the CEO’s are invited to bring along family members who provide a huge financial shot in the arm for local businesses. Hop in your jet and come see us next year.