Six Key Factors That Affect the Sales Price of Your Home

windermere coeur d alene real estate, oetken groupPricing a home for sale is not nearly as simple as most people think. You can’t base the price on what the house down the street sold for. You can’t depend on tax assessments. Even automatic valuation methods (AVMs), while useful for a rough estimate of value, are unreliable for purposes of pricing a home for sale.

AVMs, like those used by Zillow and Eppraisal, have been used for many years by banks for appraisal purposes. They are derived from algorithms based on past sales. But producers of AVMs agree that they are not accurate indicators of home value. For example, Zillow.com states, “Our data sources may be incomplete or incorrect; also, we have not physically inspected a specific home. Remember, the Zestimate is a s
tarting point and does not consider all the market intricacies that can determine the actual price a house will sell for. It is not an appraisal.”

So what does Zillow recommend sellers do instead? The same thing the real estate industry has been advising for decades: Ask a real estate agent who knows your neighborhood to provide you with a comparative market analysis. To accomplish that, I typically consider the following factors—plus others, depending on the house:

Location:

The location of your home will have the biggest impact on how much it can sell for. Identical homes located just blocks apart can fetch significantly different prices based on location-specific conditions unique to each, including: traffic, freeway-access, noise, crime, sun exposure, views, parking, neighboring homes, vacant lots, foreclosures, the number of surrounding rentals, access to quality schools, parks, shops, restaurants and more.

Recommendation: Be willing to price your house for less if it’s located in a less desirable area or near a neighborhood nuisance.

Market

Another major factor that also can’t be controlled is your local housing market (which could be quite different from the national, state or city housing markets). If there are few other homes on the market in your local area (a situation known as a “sellers market”), you may be able to set a higher price. However, if there’s a surplus of homes like yours for sale (a “buyer’s market”), your pricing will also reflect that.

Recommendation: If it’s a buyer’s market and you can delay selling your home until things change, you should consider doing so. If you can’t wait, be willing to price your home extremely competitively, especially if you are in a hurry to sell.

Condition

The majority of buyers are not looking to purchase fixer-uppers, which is why any deferred maintenance and repair issues can also significantly impact the selling price of your home. When your home’s condition is different than the average condition of homes in your location, AVMs tend to produce the widest range of error.

Recommendation:  Hire a professional home inspector to provide you with a full, written report of everything that needs upgrading, maintenance or repair, then work with your real estate agent to prioritize the list and decide what items are worth completing before the property is listed for sale, and what should be addressed through a lower list price. Also, some defects are best addressed during negotiations with buyers.

Widespread Appeal

If you want to sell your home quickly and for the most money, you have to make it as appealing as possible to the largest pool of prospective buyers. The more universally attractive it is, the greater the interest and the faster competing offers will come.

Recommendation:

Hire a professional home stager (not a decorator) to temporarily stage the interior of your home. Also spend time making the exterior look its best: address any peeling paint, make sure the front door/ door hardware is attractive, prune bushes and trees, remove old play equipment and outdoor structures, etc.

Compare Homes

The only neighboring homes that should be used to estimate the value of your home are those that have been carefully selected by a real estate professional with special training, access to all sales records, and in-depth knowledge of the neighborhood.

Recommendation: If you’re considering selling your home, ask your real estate agent to recommend a professional appraiser.

Searchability

When working with a prospective buyer, most real estate agents will search the available inventory only for the homes priced at (or less than) their client’s maximum, which is typically a round number. If you home is priced slightly above or below that amount (e.g., $510,000 or $495,000), it will appear in fewer buyer searches.

Recommendation: Be willing to adjust your selling price to maximize visibility.

Periodic Price Adjustments

Pricing a home isn’t a set-it-and-forget-it proposal. As with any strategy, you need to be prepared to adapt to fast-changing market conditions, new competition, a lack of offers and other outside factors.

Recommendation: After listing your house, be ready to adjust your asking price, if necessary.

Contact Us Here

 

Source http://www.windermere.com/blogs/windermere/posts/six-key-factors-that-affect-the-sales-price-of-your-home–2
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Real Estate Seller Tip: Home Updates for the Best ROI

Are you thinking about selling your home? Making home updates is usually a part of the process. Windermere Real Estate agent, Julie Hall,shares her expert tips on what home updates will yield the best return on investment, and they may surprise you.

 

Source: http://www.windermere.com/blogs/windermere/posts/real-estate-seller-tip-home-updates-for-the-best-roi
Posted in Coeur d'Alene Listings, Curb Appeal, home, Home Improvement, Home Ownership, Investment Properties, Kootenai County, Lake Coeur d'Alene, Market Analysis, Market News, Market Value, Own the Lifestyle, Real Estate, Remodeling, Residential, Sellers, Tips, Windermere | Tagged , , , , , , , , , , | Comments Off on Real Estate Seller Tip: Home Updates for the Best ROI

Arrow Point Waterfront Condo for Sale Lake Coeur d’Alene F303 – The Oetken Group Coeur d Alene Real Estate

The Oetken Group Proudly Presents:

Arrow Point Waterfront Condo on Lake Coeur d’Alene

4549 S. ArrowPoint Drive, Harrison, ID

Carefree Lifestyle! Listen to the water lapping on the shore. This is probably the BEST LOCATION and most desirable & LARGEST (2500 sq. ft) 3 bedroom, 3 bath unit in Arrow Point condos. Gorgeous WATERFRONT CONDO PENTHOUSE in the ”F” Building with the ultimate unobstructed views of Coeur d Alene Lake from every room. Boasts semi-private elevator to access for this penthouse and two garage parking stalls. Indoor swimming pool, grassy beach with picnic tables, beach volley ball court and neighbors Gozzer Ranch Golf and Lake Club. Oodles of storage! 5 minute boat ride to the downtown Coeur d Alene lifestyle.

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Arrow Point Waterfront Condo on Lake Coeur d Alene

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Arrow Point Waterfront Condo on Lake Coeur d Alene

Arrow Point Waterfront Condo on Lake Coeur d Alene

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Interested?

Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506

 

Posted in $500K - $650K, Coeur d'Alene, Coeur d'Alene Listings, Community Waterfront, Condos, Harrison, Just Listed, Lake Coeur d'Alene, Lake View, Lakefront Properties, Luxury, Market News, Our Listings, Own the Lifestyle, Premier Property, Real Estate, Vacation or Second Homes, Virtual Tour, Water View, Waterfront, We Have Buyers, Windermere | Tagged , , , , , , , , , , , , , , , , , , | Comments Off on Arrow Point Waterfront Condo for Sale Lake Coeur d’Alene F303 – The Oetken Group Coeur d Alene Real Estate

Historic Waterfront Log Home Hwy 95

Coeur d’Alene Real Estate

Historic Iconic Waterfront Log Home

Watch the Virtual Tour Video

This log home boasts 4084SF with 500′ of shoreline and was the summer residence of the Hagadone family at Casco Bay which is now relocated to its current site at Cougar Bay.
Oetken Coeur d Alene Real Estate

Waterfront Living in Coeur d’Alene

Oetken Coeur d Alene Real Estate

 

Spacious and Rustic

Oetken Coeur d Alene Real Estate

Unique Rustic Finishes

Oetken Coeur d Alene Real Estate

Master Suite with a View

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Gated Entrance

Oetken Coeur d Alene Real Estate

 

 

Full Description – Historic iconic waterfront log home boasts 4084SF with 500’ of shoreline and was the summer residence of the Hagadone family at Casco Bay which is now relocated to its current site at Cougar Bay. The fabulous views combine the wondrous rustic beauty of Idaho with the convenience of living a short distance to downtown Coeur d’Alene. This 5 bedroom, 4 bath home includes a wood-burning rock fireplace in the great room, a butler’s pantry, and a wet bar. The master suite has its own sitting room, huge walk in closet, marble shower, and a raised tub. The property has a 60 x 40 shop located adjacent to the Nature Conservancy Preserve. Sit on the large covered back patio, gaze at the unbelievable views and enjoy some of the best bird watching opportunities the area has to offer.

 

Interested?

Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506

Posted in $1 Million+, Coeur d'Alene, Coeur d'Alene Listings, Just Listed, Kootenai County, Lake Coeur d'Alene, Lake View, Lakefront Properties, Market News, Mountain View, Our Listings, Own the Lifestyle, Premier Property, Real Estate, Water View, Waterfront Properties, Windermere | Tagged , , , , , , , , , , , , , | Comments Off on Historic Waterfront Log Home Hwy 95

Welcome to CdA’s Exclusive Edgewater at Mill River

The Oetken Group Proudly Presents:

Welcome to CDA’s exclusive Edgewater at Mill River

Coeur d’Alene Real Estate at its Best

5 Bedrooms, 2.5 Baths with 3175 sf

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Elegant Living

Beautiful open concept. Oetken cda real estate mill river

Oetken Coeur d Alene Real Estate

 

Gourmet Kitchen

Your cooking area is well appointed w/ butler pantry, stainless steel appliances; double oven & warming oven, 6 burner cooktop, oversized refrigerator, microwave. Bosch dishwasher, granite countertops,

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Oetken Coeur d Alene Real Estate

 

Private Park-like setting

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Oetken Coeur d Alene Real Estate

Mill River beach…Simply Divine.  Oetken Coeur d Alene Real Estate mill river beach

Imagine this is your neighborhood playground.

Oetken Coeur d Alene Real Estate

 

Interested?

Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506
Check it out at http://www.realestate-browser.com/merganser

 

 

Posted in $650K - $750K, Coeur d'Alene, Coeur d'Alene Listings, Community Waterfront, Idaho, Just Listed, Kootenai County, Lake Coeur d'Alene, Lake View, Mill River, Our Listings, Own the Lifestyle, Real Estate, Residential, Retire in North Idaho, Riverfront, Riverfront Properties, Water View, Windermere | Tagged , , , , , , , , , , , , | Comments Off on Welcome to CdA’s Exclusive Edgewater at Mill River

Charming Chalet – Waterfront Listing

Play in pristine Lake Coeur d’Alene.  This charming waterfront chalet boasts floor to ceiling windows to capture those views.

Oetken Coeur d Alene Real Estate

Oetken Coeur d Alene Real Estate

Imaging yourself sitting on the deck drinking your coffee in the morning taking in this amazing view.

Oetken Coeur d Alene Real Estate

Lake view from the dining room.

 

Perfect for summer fun.

Oetken Coeur d Alene Real Estate

Interested?

Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506
Check it out at http://www.realestate-browser.com/merganser

 

 

Posted in 300K - 400K, Coeur d'Alene, Coeur d'Alene Listings, Harrison, Idaho, Just Listed, Kootenai County, Lake Coeur d'Alene, Lake View, Our Listings, Own the Lifestyle, Real Estate, Residential, Retire in North Idaho, Water View, Windermere | Tagged , , , , , , , , , , | Comments Off on Charming Chalet – Waterfront Listing

Real Estate Market – CDA PRESS: Windermere Has a Banner Year

Real Estate Market TrendsWindermere Real Estate

Have you heard…We are happy to announce 2016 was a record-breaking year for Windermere.

Did you see the latest article in the Coeur d’Alene Press? Brian Walker writes about what’s happening in the local northern Idaho real estate market.

Link to it here – CDA PRESS: Windermere Has a Banner Year – or see the transcript below.

Coeur d Alene Real Estate

In addition to the promising news about our local Coeur d’Alene real estate market, The Windermere Foundation which benefits area non-profits also gets a shout out for reaching the $1 million mark. We are so honored to be a part of it all.

Looks like good times are on the horizon…we could’ve told you that.


Randy Christy Oetken Coeur d Alene Real Estate

The Oetken Group – Recently awarded #1 Top Selling agents at Windermere/Coeur d’Alene Realty for 2016, an award we’ve earned multiple years in a row. If you’re interested in buying or selling your home and you’re not already working with an agent, please give us a call, we can help. You will get the support of our team of professionals trained to help you navigate through the local real estate market. We know the market well, we have a proven track record, we’ve helped lots of people, and we would be happy to help you, too. Contact us at 208-660-0506 today. 

The Oetken Group is Randy Oetken, Christy Oetken, Mark Oetken and Tom Dorr. 

CDA PRESS EXCERPT –

Source:  http://www.cdapress.com/article/20170107/ARTICLE/170109856

CDA PRESS  January 07, 2017 at 5:00 am  Brian Walker – Staff Writer

COEUR d’ALENE — For 95 years, Windermere Coeur d’Alene Realty has stuck by its motto of wanting to do well by doing good in the community.

The year 2016 was an example of that philosophy holding true, with a company record $474 million in closed residential and commercial real estate transactions and 1,900 homes sold.

“It was astonishing,” said Don “Pepper” Smock, company president. “2016 was the biggest year in our company’s 95-year history of serving the citizens of North Idaho. When the real estate market is good, everybody celebrates.”

Sales weren’t the only feat the company celebrated at its annual Agents Celebration Award Meeting attended by 200 at the Best Western Plus Coeur d’Alene Inn on Thursday.

This year the Windermere Foundation will reach the $1 million mark for assisting area nonprofits such as Children’s Village, TESH (which provides employment opportunities to adults with disabilities), Safe Passage (formerly North Idaho Violence Prevention Center) and food banks.

“The money we give is altruistic,” Smock said. “If the people who started this company looked 95 years into the future, I believe they’d be pleased to see what we’ve done in the community.”

Smock called being in business for 95 years an “almost impossible achievement.” Only seven brokers have led the charge with the company during that span.

“How many companies have been in business for 95 years? And, with it being a real estate company, it’s just a unique story,” Smock said.

Matthew Gardner, chief economist for Windermere Real Estate, told agents 2017 should continue to be great for the real estate industry and that it’s not in a bubble.

“I thought (the outlook) was quite optimistic,” Smock said. “Our fundamentals in North Idaho are rock-solid.”

Smock said he wouldn’t be surprised if 3,000 new people move to Kootenai County in 2017.

“There’s a mega-trend of aging Baby Boomers moving,” he said. “People want to live here.”

 

 

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MORE HAPPY CLIENTS!

Congratulations Shane and Amara!  This GORGEOUS home on 5 acres on Quaking Aspen SOLD in 1 day!!!05- Stainless Steel Farm Sink 11-Great Room fireplace-built-in entertainment 32-Shop 1 37-Front Yard 39-Tree trunk fountain 43-Home & Shop 44-Views (2) was SOLD in one day!!

Posted in Acreage, Coeur d'Alene, home, Idaho, Kootenai County, Market News, Our Listings, Photographs, Real Estate, Windermere | Tagged , , , , , , , , , , , , | Comments Off on MORE HAPPY CLIENTS!

10 Acre North Idaho Country Estate

29201 N Hindman St Athol ID-small-001-1-Exterior-666x446-72dpiStylish Comfort, Grounded Refinement.  In 2005,  this 5161 sq ft Country Home was nestled in the wooded privacy of this private acreage,  close enough to city amenities for convenience, yet far enough out so that you can still sit out on your Open Deck and try to count about a million stars against an inky evening expanse.

Family and Friends Gather here.  The open floor-plan demonstrates a commitment to informal togetherness and comfortable familiarity.  The Family Table is a prominent feature here in the extra-long 26 ft Dining area off the Great Room.

29201 N Hindman St Athol ID-small-021-18-Dining Room-666x446-72dpi

Heart, Home.
Warm & Inviting, a Gourmet Kitchen does not need to be stuffy in order to be stylish.  Cook & Company alike can enjoy the beauty of this kitchen, adorned by a
Trio of Mullioned Paladian View Windows above the Sink. Natural light filters through the French Doors Opening to the Covered Deck.  A Massive Granite Island with Prep Sink & Full-Length Breakfast Bar will surely become a favored gathering place. Knotty Alder Cabinetry with Pan Drawers & Pull-Outs keep everything orderly and accessible. Entertaining and food prep are a breeze with this suite of Kitchen Aid Appliances:  Wine Cooler, Built in Refrigerator, Double Wall Ovens, 6 Burner Commercial Gas Cook Top with Hood as well as Built In Microwave, Dishwasher & Trash Compactor.   Island, Cabinetry, & Appliances are settled atop an expanse of beautiful Hardwood.

Kitchen 2 New

After dinner, cozy around the Wood-Burning Fireplace in the Magnificent 26×44 Great Room.  You cannot imagine how enchanting simple Rock Work can be when it is beautifully fashioned into a massive Floor-to-Ceiling Fireplace wall like this rugged edifice with Log Mantle.  From the Great Room, sliders open to a large, open deck & beautiful woodland & mountain viewing.  In-floor Radiant Heat add to the ambiance & efficiency of this space.

29201 N Hindman St Athol ID-small-027-31-Staircase View-666x446-72dpi

An upward glance reveals Hand-hewn log Stair & Loft railings &Vaulted Faux-painted Ceiling.  Showcase personal collections or Artwork in the Built-in Niches that adorn the wallspace above the Great Room. The Open Loft Living/Sitting Room could serve as a serene Library or Office Area.  Also upstairs are Two additional Bedroom “EnSuites” & 14X39 Bonus or Rec Room.

Main Floor Master Suite is stunning.  Chandaliers gently illuminate the Travertine tiled Jetted Tub, Walk-In Shower, Hubbardton Forge Mirror & Fixtures.   The Bedroom features a HUGE walk-in closet.

29201 N Hindman St Athol ID-small-026-28-Chandalier Lit Master Bath-666x446-72dpi

Large Main-Level Laundry/Craft Room has newly finished Built-in Cabinetry, Pantry & under-cabinet lighting that illuminates a desk-level work counter.  This is a well-equipped & flexible work space.

Laundry Room New

A 4ft Staircase with Hand-Hewn treads descends to the lower level.  This Finished space reveals a Theater Room & Family Room with 8’ Ceilings, Radiant Hot Water Heating & Track Lighting.

The original Bungalow now serves as a charming Guest House, with Bedroom, Kitchen, 29201 N Hindman St Athol ID-small-041-43-Guest Cottage-666x446-72dpiBath, Wood Stove, Covered Porch, dedicated Septic & Drain Field.

 

In addition to the finished, insulated & heated Attached 2 Car Garage on the Main House, the property also features a 50×26 4Bay Insulated & Heated Shop with 8ft Doors.  Each Bay measures 10×26.

$750,000

Call Christy Oetken of Windermere Coeur d’Alene Realty to schedule your private tour. 208-660-0506
Check it out at www.RealEstate-Browser.com
Text HIND to 72727

Posted in Coeur d'Alene, home, Idaho, Kootenai County, Our Listings, Photographs, Real Estate, Windermere | Tagged , , , , , , , , , , , , , , , | Comments Off on 10 Acre North Idaho Country Estate

Congratulations Randy!

Randy Oetken , real estate professional with Windermere/Coeur d Alene Realty, Inc. was recently awarded the Resort and Second Home Property Specialist Certification .  Randy successfully completed  comprehensive courses including  finance, negotiation, technology tools, investment, regulations,  environmental impact, property management, international marketplace, tax ramifications, luxury property marketing.

RSPS is recognized as an official NAR Certification, and allows buyers and sellers to have confidence in the ability of a REALTOR® who specializes in buying, selling or management of properties for investment, development, retirement, or second homes in a resort, recreational and/or vacation destination, to assist them with their search.

Randy may be contacted at 208-660-0518 or Oetken@RealEstate-Browser.com

Fall Contact RCT

Posted in Coeur d'Alene, home, Idaho, Kootenai County, Market News, Our Listings, Photographs, Real Estate, Windermere | Tagged , , , , , , , , , , , | Comments Off on Congratulations Randy!