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New Construction

Can’t find that perfect home? When buying a new home it is very important to select the home that best fits you and or your family. We all have different tastes and features that a home must have. You contact a realtor and get involved in several different homes based on a certain criteria. Price, area, age, bedrooms and bathrooms to name a few. But what happens when you can’t find that perfect house? Some buyers are left feeling that they will never find their dream home. When you have spent endless weekends and countless phone calls trying to locate a home we suggest new construction. Lezamiz Real Estate Co. works very closely with Wolverton Homes to put together a home of your dreams. With new construction so affordable these days building new will give you the freedom to choose all the colors styles and bedrooms you need. Sid Lezamiz and Gary Wolverton have been working together for over 15 years and together make home dreams come true. So if owning your own home is something you want to do consider new construction, and build with integrity the home of your dreams.

What it is like to be a Real Estate Agent?

For those of you that are not Real Estate Agents I can tell you that to be a Real Estate Agent you must have excellent people skills. Every buyer has their own unique personality. If you master the art of conforming to ones personality you will be very successful. Imagine waking up every day and wondering if your next pay day will be next month or next year. The life of a Real Estate agent can be very rewarding or stressful. I have seen many agents worry about how they are going to make it through another year. All you need to do is have the desire to work hard and treat this career the same as any other career out there. Working every day to achieve your goals is a must. Agents have to rely on other people when it comes to money, building a strong relation ship with clients will keep income in your wallet. Most agents see the opportunity to have a very easy schedule and no boss like atmosphere and run with it. Independent contractors as they are called. This is now a self managed job, and most new agents fail because of the lack of supervision. Excellent Real Estate agents work 6 days a week and 12 hour days, this is necessary to achieve Real Estate goals.

 Of course money is a driving factor in becoming a Real Estate agent. Helping clients share the dream of home ownership can be very rewarding in many ways. Agents spend countless hours and several weeks working to help you find the home of your dreams. Real Estate agents are required to pay dues to their local MLS and quarterly dues to their state office just to be able to show you homes located in your area. In many ways to be a Real Estate agent you must be a self motivating individual, working less will not be an option like you may have thought. Ask most agents and they would tell you the market is down or very slow. It is only slow because they make it slow. To be a Real Estate agent in this market you must know times have changed and agents must work harder not less.

Bringing the Dream of Homeownership Within Reach

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.

Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?

The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:

The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

 Time will run out on this great offer, please do not wait!-Lezamiz Real Estate Co.

 

Absorption Rate

Today, at Lezamiz Real Estate, we are discussing absorption rates in the Twin Falls and Jerome, Idaho real estate markets. We will define absorption rate, give you the formula used to find absorption rates, and provide you an example of absorption rates for properties in the Magic Valley market.
Definition
In real estate, we define “absorption rate” as the amount of time, a group of homes, listed in a specific price range, will take to sell.
Formula
The formula used to find the absorption rate in real estate is:

 Number of homes listed in specific price range
(Number of homes sold       Number of Months)
 We realize this can be very confusing, so here is an example of how we figure absorption rates with our data at Lezamiz Real Estate.

 
Example
 
Twin Falls County: March- October 2008
Real Estate Listing Price Range: $160-199,999
Time Period: 6 months
Number of houses sold: 104
Number of properties currently listed: 184
 
1.      Divide (number of homes sold in Twin Falls) by (time period- 6 months): 104/6= 17.33—This is the average number of homes sold each month.
2.      Divide (number of properties listed) by (17.33): 184/17.33= 10.6 months.
3.      Based upon this six month average, it would take almost 11 months to sell all 184 homes listed in this price range in Twin Falls County if no other homes entered the market.
 
If you are still feeling confused, don’t worry! Next week we will continue to discuss absorption rates, focusing on how they affect your decision when buying or selling real estate. Knowing how to apply the absorption rate to your situation will help it make better sense! -Lezamiz Real Estate Company

Avoid Surprises: Know Your Homeowner’s Coverage

 

            The typical homeowner’s policy includes coverage for perils and losses due to fire, lightning, tornadoes, windstorms, hail, explosions, smoke, vandalism, and theft. Just as you would scrutinize the terms of your medical insurance, the nuances and details of your homeowner’s policy should be examined seriously. Too often, homeowners sign up for a policy and go on autopilot regarding its terms and coverage without taking new acquisitions, risks, and increasing value of their homes into consideration. Most insurance agents recommend a regular “check-up” for consumers, so that homeowners are not left “high and dry” when disasters and losses strike.-Lezamiz Real Estate Co.

Don't follow the Leader

If we stop and think through the process we tend to buy homes when everyone else is.  That also happens to be when sellers can ask more for their homes because of demand.  On the opposite side when we hear in the media that houses are not selling we tend to not purchase because “no one else is”.  For many buyers, now is the perfect time to buy.  Home prices are lower, mortgage interest rates are low and there are more residential homes to choose from.  Buyers need to be ahead of the crowd and access their own situation to see if they are just frozen in place out of fear.  I encourage buyers to get educated about their current situation.  Talk to your banker to find out what your credit score is.  Find out what incentives are available for homebuyers and take advantage of them.  Talk to a Real Estate agent to find out what is happening in the Twin Falls market rather than the national market.  Get to know what new “green” products are available to make your home more energy efficient.

We cannot predict when the housing market will change.  However, when it does it will have seemed to have happened overnight and we will all be wondering how we missed the opportunity. Kym Lott

New to Real Estate

I recently joined Lezamiz Real Estate Company not quite understanding how Real Estate works. By the end of my first week I realized what a huge importance a Real Estate office is. I worked for a nation wide Pizza Chain in Twin Falls for 10 yeas, in those 10 years I learned that customers are the most important thing when it comes to being successful, with out customers and return customers staying open every day is kind of tough. Understanding that customers expect us to give them a result for what they have paid for and that seeing things from their end is even more important. I also spent 3 years in the wireless industry in sales, I learned so much about making the sale and informing the customer of every detail about their service. What I have learned here so far is how much goes into selling or buying a home from listing to closing every person here is key for all of the tough questions. I realize how many people it takes to sell your home and what a challenge it is to try to buy one. All of the people here at Lezamiz Real Estate Company have shown their commitment and skills in making Real Estate a wonderful experience and I would not want to venture into buying or selling a home with out them. You need an agent to make sure your future home is purchased right and the laws of land ownership are told to you so in the future there are no mistakes in the home buying/ selling process. Josh/Sales Manager/Lezamiz Real Estate Company

Contact Information

Lezamiz Team
Lezamiz Real Estate Co.
705 Fillmore, Suite 1
Twin Falls ID 83301
Office: 208-734-7007
Fax: 208-732-5384