Pocatello Homes | Buying a House in Pocatello | Selling Your Home in Pocatello

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michaeljohnston
Michael Johnston
Broker
    Years of Experience: 18

    ABR - Accredited Buyer Representative
    ABRM - Accredited Buyer Representative Manager
    CRB - Certified Residential Broker Manager
    CRS - Certified Residential Specialist

Direct: 208-234-4357

Office: 208-234-0900



Company Info

The Home Specialists
150 N Main St
Pocatello, ID
208-234-0900


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National Stats

Market Trends:

  • Ave. Home Sale: $379,000

  • Ave. Days on Market: 69

Archive for October 2010

Tools in Real Estate

Tuesday, October 19th, 2010

I was asked what “tools” do I use for real estate?  In the contracting business a contractor has certain tools that he or she uses on a daily basis.  Among the most commonly mentioned would be: a hammer, utility knife,  tape measure, a square, & a pencil. 

In real estate the most common tools that many agents use would be: the computer, a car, a phone, lockbox keypad, and ????  Hey!  I think that I am limiting myself here.  I don’t think I can list just five.  I use a digital camera to take pictures for marketing the properties I am selling as well as using it to remember things for the buyers I am working with.  Sure, I could use my “Android Phone,” but a camera is still an important tool that I use.  I use “G-Mail” to pull in all of my email accounts into one central database that can be shared with several people (if I like) as well as “Google Calendars” that let me see the calendars of others (as well as the local University, my company calendar, Chamber of Commerce, local Real Estate Association, and more) all combined into one.  I use “Jott” to send out group messages to agents in my office as well as using a mail server to send out group emails to a select list (or to everyone in my MLS) about certain needs or about properties I have for sale.  I use “Dial My Calls” to send out voice messages to people when a text message or email is not appropriate.

Wow, I love using my “HTC EVO Android phone” to communicate with others.  I have it SYNCed with my database of customers and clients so I am never without an important phone number.  I have pictures associated with as many contacts that I can so when they call me (or I call them) a picture pops up on the screen.  The phone is also used for TEXT messaging when a phone call just won’t do.  I use it to access websites as well.

I use” FaceBook” and “Twitter,” I have a website (several) as well as a Blog.  I think social media is great (but can take up a lot of your time if you let it).  Technology can help you- Technology can hurt you.  You can do well with or without it, but I think you should use it the right way and you can do so much better with it.

Bottom line….  Use the right tool for the task at hand.  I love real estate!

Designations in Real Estate

Tuesday, October 12th, 2010

Just the other day I was asked why I have so many “initials” behind my name.  I first answered that it was for the additional training that I have taken to help my buyers and sellers involved in real estate transactions.  I later began thinking why do real estate practitioners go out and obtain the additional training (and expertise) for the consumers?  Why do they often times pay the annual renewal fees associated with many of the designations to stay part of that organization?

I am happy to say that I have earned the following designations: ABR, ABRM, CRB, CRS, e-PRO, GRI, SFR as well as being a REALTOR(r) and holding a BROKERS license in Idaho.

ABR stands for Accredited Buyer Representative.  This extensive education process proves that I have knowledge to work (and represent) buyers in a real estate transaction.  The courses taken help develop a better understanding to help specialize in the representation of buyers in a transaction.

ABRM stands for Accredited Buyer Representative Manager.  This designation is for real estate brokers and managers wishing to incorporate buyer representation into their company.

CRB stands for Certified Real estate Brokerage manager.  These courses are designed for managing a real estate office and assisting the real estate practitioners to help their customers and clients.

CRS stands for Certified Residential Specialist.  The courses taken help develop marketing and technological skills to help sellers sell their properties in todays market.

e-PRO stands for Electronic Professional Certification.  This is a course that helps train the real estate agent on the technological tools that are available to him or her and their use in real estate.

GRI stands for Graduate of REALTORS(r) Institute.  Each state sets their own criteria for this course.  In Idaho it is several lengthy classes to chose from that teach the agent better skills for the consumer.

SFR stands for Short Sales & Forclosure Resource certification.  This training aids the practitioner in understanding the process and the players involved in a short sale or a forclosure.

A REALTOR(r) is a member of the National Association of REALTORS(r).  Many real estate agents are just that, an agent.  A REALTOR(r) is a real estate agent that subscribes to a “code of ethics” and holds themselves to a much highr standard than the average real estate agent.

A BROKER is a license status in Idaho.  A Managing Designated  broker runs a real estate office and has real estate agents working for him or her.  Agents work for a broker and the broker is the individual responsible for the affairs involved in each transaction.

There are lots of additional designations and certifications.  Some additional ones include:

ABR – Accredited Buyer Representative
ABRM – Accredited Buyer Representative Manager
ALC – Accredited Land Consultant
AHWD – At Home With Diversity Certification
CAE – Certified Association Executive
CCIM – Certified Commercial Investment Member
CIPS – Certified International Property Specialist
CPM – Certified Property Manager
CRB – Certified Real Estate Brokerage Manager
CRE – Counselor of Real Estate
CRS – Certified Residential Specialist
e-PRO – Electronic Professional Certification
GAA – General Accredited Appraiser
GREEN – Green Designation
GRI – Graduate REALTOR® Institute
PMN -Performance Management Network
RAA – Residential Accredited Appraiser
RCE – REALTOR® Association Executive
REPA – Real Estate Professional Assistant Certification
RSPS – Resort & Second Home Markets Certification
SIOR – Society of Industrial & Office REALTORS®
SRES – Senior Real Estate Specialist
TRC – Transnational Referral Certified

Bottom line….  When looking to use a Real Estate Professional you might consider looking for someone that has taken the time to get the additional education to help you with your real estate needs.

You can always work with an ameteur, or you can work with a specialist.  I always like working with a specialist!

To Buy or Not To Buy, That Is The Question…

Thursday, October 7th, 2010

To Buy Or Not To Buy, That Is The Question….

If you listen to the National Media, you probably hear that we are in a major downer for the real estate industry as a whole.  You might think that the real estate industry is terrible and that if you want to get involved you better not.  NOT SO!  If we were to look at a few trends (I recently heard these from a speaker names R i c h  L e v i n) he stated: ” In July of 1980 to March of 1983 it was a 3 year BUYERS MARKET.  Interest rates were very high and the market corrected itself.  Then from March 1983 to the summer of 1991 it was 8 years of a SELLERS MARKET where things were very good for the real estate industry.  In 1991 to 1993 the market had a correction and we havd 2 years of a BUYERS MARKER befor the 1993 to 2006 SELLERS MARKET came in to play.  That 12 year period was longer than normal.”  Why?  I venture to say it was because the market MISSED its normal correction when in the late 90′s (1999 to early 2000′s) when there were all kinds of loan programs out there to get in for ZERO Down or even refinance and take money out (The 125% to 150% refi’s.).  If the market would have corrected itself then, do you think this “correction” would be lasting this long?  If we did not have loan programs that let just about anyone get into a home for little to nothing down, do you think the market today might be a little bit different?  I don’t want to make you think that I don’t appreciate the different types of loan programs, I DO.  But I find it hard to swallow when we now are in the problematic state we are in because of it.

I wish I could buy more real estate right now.  Why?  Because interest rates are amazingly low and the prices of homes are astoundingly affordable.  In the Pocatello Idaho market we have seen that the average sales price of homes on the Multiple Listing Service has dropped over the past few years (from 2007) and now they have begun to increase (in 2010).  WHY?  Could it be that are area is about to make a change for the better?  Has the market begun to rebound?  IF SO IS IT TIME TO BUY????

I would venture to say BUY!  WHY BUY?  Rates are low, prices are low, financing is available (if you have not destroyed your credit during these tough economic times), and even better if you do not have a home to sell.

In a few years from now you will be happy that you chose today to BUY.

To Buy or Not To Buy, That Is The Question….

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