North Idaho Real Estate Blog

10 COMMON TITLE PROBLEMS


Have you ever wondered why you need title insurance ? Your home may be new to you, but every property has a history. A thorough title search can help uncover any title defects tied to you property. And, subject to the terms of the policy, your title insurance provides protection for you from title problems that may become known after you close your transaction. Some of these common title issues are:

1. ERRORS IN PUBLIC RECORDS: To err is human, but when it affects your home ownership rights, those mistakes can be devastating. Clerical or filing errors could affect the deed or survey of your property and cause undue financial strain in order to resolve them.

2. UNKNOWN LIENS: Prior owners of your property

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Most Expensive Items New Homeowners Buy

Daily Real Estate News | Monday, July 17, 2017

Furniture, appliances, and remodeling projects are among the biggest expenses for new homeowners, who spend an average of $10,600 in the first year of homeownership, according to a recent analysis by the National Association of Home Builders. New owners spend an average of $3,778 on furnishings alone, according to NAHB’s analysis. Here are a few common expenditures recent home buyers made:

  • Living room chairs and tables: $687
  • Dining room and kitchen furniture: $345
  • Window coverings: $215
  • Sofas: $700
  • Property alterations and repairs (particularly outdoor additions and alterations such as a new driveway, walkway, or fence): $3,729
  • Appliances
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Sales for Kootenai County in the month of June-

There were 385 residential sales and 26 condo sales in the month of June.  The highest price sale for the month was in the $1.9 million dollar range with the bulk of the homes sales (107) being in the $200,000 to $249,000 range.  

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May Sales- For Residential Single Family Homes

 

 

380 total sales

 

 

87 Sales in the $200,000 - $249,999 range alone!

 

 

 

Loan Types Used

Number Of Times Used

Conventional Loan

224

Cash

67

FHA

39

VA

28

 

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May 19-26 Sales- For Residential Single Family Homes

 

 

82 total sales

 

 

23 Sales in the $200,000 - $249,999 range alone!

 

 

 

Loan Types Used

Number Of Times Used

Conventional Loan

52

Cash

11

FHA

9

VA

6

 

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Are you looking for a little elbow room to build your dream home?  We have four lots listed in the Meadows in Post Falls all of which are at least an acre.  Lot pricing is from $112,500 to $145,000.  Call our office if you're interested in more information.  Lots are ready to build on today! 

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April Sales- For Residential Single Family Homes



287 total sales



78 Sales in the $200,000 - $249,999 range alone!




Loan Types Used

Number Of Times Used

Conventional Loan

138

Cash

72

FHA

31

VA

27

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Joel Pearl Group has just listed a home at 11583 N Avondale Loop.  Home has 4 bedrooms, 2.5 bathrooms , 2,459 sq. ft. with hardwood floors, gas stove, formal dining room, master suite with double walk in closets and spa like bathroom! Excellent curb appeal with wrap around covered porch and room for RV Parking. Welcome Home! Enjoy golf course living and carting distance to Avondale, the Hayden Lake Country Club, and the Porch restaurant.

Virtual Tour Link

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