Thursday, June 16, 2011

Idaho family abandons snake-infested house

This is a really weird story about a snake infested home in Rexburg, ID re-posted from the Seattle Intelligencer. The moral of the story is "Inspect the house before you buy it"!

Shortly after buying their dream home, Ben Sessions and his wife discovered it was infested with thousands of garter snakes. They abandoned the property, but the home briefly went back on the market more than a year later, and they fear it could attract another unsuspecting buyer.


REXBURG, Idaho — They slithered behind the walls at night and released foul-smelling musk into the drinking water. Ben Sessions once killed 42 in a single day.


Shortly after buying their dream home, Sessions and his wife discovered it was infested with thousands of garter snakes. Their growing family lived as if in a horror movie for three months. They abandoned the property, but the home briefly went back on the market more than a year later, and they fear it could attract another unsuspecting buyer.


The five-bedroom house is on nearly two pastoral acres in rural Idaho, about 125 miles southwest of Yellowstone National Park. Priced at less than $180,000, it seemed like a steal to the young couple.


But they soon learned they would be sharing the home with reptiles at least two feet long that had crawled into seemingly every crevice. At times, there were so many in the yard that the grass seemed to move.


If he rapped a stick against the roof overhang, he could hear dozens scatter, their scales sliding against the aluminum. Dozens of snakes popped out after he removed panels of siding. When he made his way through the crawl space to investigate further, he found snakes everywhere.


That's when he realized his family probably was living atop a garter snake den where the nonpoisonous reptiles gather in fall and winter.


Sessions quickly developed a daily snake-fighting routine. He would do a "morning sweep" through the house while his pregnant wife and two small boys slept to make sure none of the snakes had entered.


"I was terrified she was going to miscarry," he said of his wife.


When they bought the house, the couple signed a document that noted the snake infestation. They said their real-estate agent assured them that the snake story was invented by the previous owners to leave their mortgage behind.


They soon learned nearly everyone else in this college town knew the snakes were real. Among locals, the property is known simply as the "snake house," said Dustin Chambers, a neighbor.


"I felt bad," Chambers said. "By the time we knew someone had bought it, they were already moving in. It was too late."


Because of the paperwork they had signed, the couple had little recourse when they decided to flee the home. They filed for bankruptcy, and the bank foreclosed.


The couple left in December 2009, the day after their daughter was born.


"We're not going to pay for a house full of snakes," Sessions said.


"It was just so stressful," his wife, Amber, said. "It felt like we were living in Satan's lair. That's the only way to really explain it."


Now owned by JP Morgan Chase, it was listed at $114,900 in December, according to Zillow.com, a real-estate data firm. That price fell to $109,200 in January.


The Animal Planet network then featured the couple's story in its "Infested" series. The listing was removed, and it has stayed off the market while Chase decided what to do with it.


Darcy Donahoe-Wilmot, a Chase spokeswoman in Seattle, said the bank has contracted to have the snakes trapped and released from the house. Once the infestation is gone, the house will be up for sale again and a report will be issued to potential buyers.


"We can't list the house until its been taken care of," Donahoe-Wilmot said.


An estimate of how much it would cost to remove the snakes and how long the process would take was not available.


Sessions said he and his wife still have nightmares and have not recovered financially.


The home probably was built on top of a winter snake den or hibernaculum, where snakes gather in large numbers to hibernate, said Rob Cavallaro, a wildlife biologist with the Idaho Department of Fish and Game.


Since the family moved out, others have looked at the house. One day, as a real-estate agent showed the property, a farmer warned them, Chambers said.


"Now, if anybody sees anybody, they kind of will let them know," he said. "Just so that somebody else doesn't get caught in the same trap."

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Tuesday, June 14, 2011

Why location matters when buying a home

Why location matters when buying a home

When purchasing a home, especially in a community like the Boise Idaho area, its important to remember three things...location, location, location. The term "local neighborhood" is defined by wikipedia as a geographically localized community within a larger city, town or suburb. Neighborhoods are often social communities with considerable face-to-face interaction among members. This may sound trivial when looking to purchase a home in Idaho, but it’s more important than you think.

Home location matters to your lifestyle.

One of the great aspects of living in Boise is the opportunity to spend most of it outdoors. Boise and the surrounding area is home to some of the best climbing, fishing, hunting, biking, and skiing in the Pacific Northwest. Depending on your everyday lifestyle, choosing a home near Boise’s urban downtown district might be a consideration as well. No matter what your lifestyle you will want to consider your next Boise home not only an investment, but a home that fits your lifestyle and everyday needs.

Location matters for resale

It’s true that home values and future equity is greatly affected by the location of the home. For example if your home if you purchased your home in Surprise Valley subdivision or Columbia Village, you probably haven't felt the negative effects of the recent decline in home values. These areas are so desirable that home values have held relatively strong in these areas. The same is true if you purchased a home in say Charter Point Subdivision. While the homes are adequate, so many of them were purchased by investors who didn’t know hat they were doing and so the values have plummeted. So when looking for Boise real estate it’s important to remember that location matters and even more important the need for a qualified Boise real estate agent is essential.

Location matters for your real estate agent.

Is your real estate agent positioned to know the markets and areas that will bring you the most value on your investment? If there is anything that is critical to the success of your next Idaho home purchase it’s a qualified agent who is positioned with a firm of top producing agents. There are far too many agents who have good intentions to provide you with the best of services, but are not connected to the type of real estate network that will ensure your get the home and location that best suits you and your family. Be sure to seek the professional advice and guidance of a well positioned real estate agent.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Friday, June 10, 2011

Data show home sale rebound slow to hit Idaho

Repost of an Article from The Salt Lake Tribune on 6/5/2011

BOISE, Idaho • Idaho home prices in April were down 15.2 percent from the same month a year ago, real-estate data company CoreLogic Inc. says.


CoreLogic said that’s more than twice the national decline of 7.5 percent. Excluding distressed properties, the price decline in Idaho was 9.5 percent.


“You have to include the distressed sales,” said Brian Greber, director of the Center for Business Research and Economic Development at Boise State University. “If you exclude them, you’re just fooling yourself.”


The properties, often in need of repair, typically sell at a discount, weakening prices for other types of homes.


He said that in southwest Idaho, housing values declined 14.21 percent in April from the previous year, or 8.35 percent not counting distressed properties.


The Intermountain Multiple Listing Service said 63 percent of home sales in April in southwest Idaho, 560 of 885 transactions, were distressed properties.


He said some sales were also to people who sold homes in other states and moved to Idaho.


“Until people can sell a home elsewhere at a reasonable value, Idaho is not going to see that kind of in-migration because people will have no way of moving a family or business here,” he said.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Wednesday, June 01, 2011

Rental House Market Booming in Boise Area

Interesting highlights from an article about rentals in Boise from the KTRV website.

Boise, Idaho -- A lot of people who have gone through the foreclosure process have turned to the rental market for housing. There are slim pickings out there since many former owners are transitioning to renting.


"Everything seems so unstable. People have lost a lot of faith in the economy and renting is really hassle free," said Julie Suitter, co-owner of Apex Property Management.


Hassle free enough that it seems more people than ever are renting.


"Renting is a lot more appealing than home buying right now. For a lot of people , home ownership is a large commitment," said Suitter.


Suitter oversees more than one hundred single family homes. Only three percent of her company's properties are available to rent.


"At the beginning of the month, we had a about 14 available properties. And now, we're down to three," she said.


That's typical in the home rental market in Ada and Canyon Counties right now. There's only a little more than two percent vacancy rate. Compare that to nearly 11 percent back in the first quarter of 2006. Suitter says half of the people she rents to have come from some sort of home ownership problem, whether it be foreclosure or short sale.


"There are just a lot of people who can't qualify to buy a home anymore. So, they do need to get into rentals for a while before they can clean up their credit and become homeowners again," said Lindsay Dofelmier, owner of the real estate company Urban Agent Team.


Dofelmier and her company are just getting into the rental management game as home sales remain soft.


"I think that's where the market is headed. Really, ultimately," said Dofelmier.


Dofelmier's company only manages three properties right now. Plans are in the works to bring on more. They would like to generate more business by renting to people and then helping them when they're ready to become homeowners again.


"Hopefully we can gain their business on the buying end as well," she said.


The average rent for a three-bedroom single family home in Ada and Canyon Counties runs about $907 per month.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

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