Think Spokane area ski resorts are only fun in the winter? Think again!

Thanks to the region's dry, clear, and warm climate during the summer months, mountain resorts around Spokane homes for sale still offer a wealth of outdoor activities. When our real estate agents need fresh air and sunshine, they head to these great nearby resorts for summer fun.

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What could be better than a day on the town with your favorite furry friend? More than ever, local shops, dining destinations, and other small businesses are becoming dog-friendly, allowing you to take your well-behaved pup on your journeys all around Spokane. Many local restaurants offer patio dining where your dog is invited to join!

Whether you're shopping or dining, life is just a little sweeter with your dog at your side. Our real estate agents have the details on five dog-friendly destinations around Spokane for you to enjoy with your pet.

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How to Choose a Contractor for Your Remodel Projects

Delta Media Group

Homeownership is an exciting time — one filled with many new possibilities and experiences. One possibility that has the potential to elevate your home to the next level is a remodel. Remodeling can transform your space into something more functional by better reflecting your lifestyle and adding value to your home. However, your dreams of the perfect renovation project can turn into a nightmare if you don't do your homework. To have a successful remodel, you need the right contractor.

It's understandable to want the best person for the job but finding that person often involves a number of factors like availability, cost, and areas of expertise. The best way to choose a remodeling contractor is to do your homework and take steps to ensure that you find an ideal match for your project.

Ask around or research

If you have a friend or neighbor who has a remodel you like in a room/area you're looking to work on, too, it can be helpful to ask them who they used. You can also ask around your network of people — i.e., friends, family, business partners, or your real estate agent—to get recommendations for remodeling contractors. Once you have a list created, make your own as well by researching resources like Google, Angie, the local Better Business Bureau, and other online places that give you the names of local companies. Weed out any contractors with consistently poor reviews or contractors that don't specialize or have experience in the space you want to remodel.

Look deeper into credentials and projects

Most contractors have a website. Take the time to look at what credentials they may have and if they are current. See if they have pictures of their work as well. You can begin to get a feel for which contractors are more your taste or that have the knowledge necessary for your remodeling project.

Interview possible contractors

The next step once you have fine-tuned your list to a few favorites is to call and schedule a time to meet and talk about the project. Consider both the phone and in-person meetings an interview. It's your chance to ask about experience, find out about their knowledge and skills, and see if you mesh. Like any job interview, you'll be able to get an overall sense of who you're getting. There are also some things you'll want to ask them or have them do, including:

• Itemize your bid
• Ask how long they have been in business
• Determine who their main suppliers are and who will be in charge of the site/project
• Find out if the pricing is an estimate or a fixed price.

Check references

Even if you've done all your online research and read all the reviews, nothing is as effective as talking with someone who has worked with your prospective contractor. You may find out things you didn't think to ask, and it can give extra assurance that you're making the right choice.

Put it in writing

The last thing you'll want to do when you've made your choice is to put it in writing. This is a great way to keep all parties on the same page and safeguarded. 

Homeownership means making the decisions; it's your house, and you get to choose who remodels it. For the best remodeling experience, by taking your time and the correct steps, you're more likely to find the right person for your project. Not only will it save you time and money, but it will also get you the home of your dreams.

Our real estate agents are always excited to welcome spring back to the Spokane area. This season offers a chance to reconnect with nature and to be reminded of all the amazing green spaces our city has to offer. 

This spring, we recommend taking that appreciation a step further by exploring some of Spokane's most amazing gardens. With spring flowers blooming, there's no better time to experience these spectacular Spokane gardens. 

• Lilac Garden - W Shoshone Pl, Spokane, WA 99203
  Spokane has been nicknamed the Lilac City, and it's not hard to see why. The Lilac Garden in Manito Park contains over 100 cultivars from at least 23 unique species of lilac trees and bushes. The best time to see them in full bloom is from late May into early June, and the annual Lilac Festival has been a fixture of Spokane's spring calendar since the 1930s. 

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An island makes a wonderful addition to your kitchen, adding an extra workspace, seating, and storage. Besides its practical benefits, a kitchen island can also transform your kitchen's appearance by creating a stylish focal point. From the shape of your island to its color and features, your options are nearly endless, so you can design an island that suits your needs and style.

Our real estate agents suggest the following creative ideas for your kitchen island:

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Spam 101

From Our Friends at Integrity Computer Consulting and Repair

Technology scams are running rampant right now, whether they come by email, phone call, and now text messaging. We have had several customers reach out about texts that look to be from their bank asking to "verify information." Be vigilant when dealing with any communications via phone call, email, or text that regard any exchange of money or "verifying" any account information with a link or number to call.   

Our recommendations are as follows:

You can use your cell phone carriers' built-in number blocking on your phone to stop unwanted calls or texts from specific numbers; you can also block offending email addresses in your email account. But with any sort of fraud, scammers often use hundreds of thousands of phone numbers and emails and move very quickly onto the next.  This makes permanent blocking hard.  

To really have an impact, we recommend reporting the offending communication to the FTC.  This can be done online at: https://www.ftccomplaintassistant.gov/

A few rules of thumb for spam calls, texts, and emails:

1. Do not engage spammers.  When you answer or respond, you are showing the scammer, spammer, or robo-system that your phone number or email is "live". It is then put on a live numbers list that is sold over and over and the calls/texts/emails will continue infinitely.
2. Do not answer calls from numbers you do not recognize. This one is hard for agents, but if it is important or a legitimate call, they will leave a voicemail or text you. 
3. Do not answer texts from numbers you do not recognize. 
4. Get into the habit of regularly entering and labeling known clients, colleagues, friends, family, etc. as contacts in your phone and email.
5. Do not answer unsolicited or out-of-the-ordinary texts from numbers you do recognize.  The number could be spoofed to fool you. Instead, call the number you have in your contacts (not from the text or email) for the person texting you and verify via phone call that they sent the text.
6. Do not click on links in texts or emails that you are not expecting from anyone that you do or do not recognize unless you have verified with the actual sender via phone call or in person.
7. Do not open emails, download any attachments, or click on links in emails from senders you do not recognize.
8. Do not download any attachments or click on links in unsolicited or suspicious emails or texts from senders you do recognize. Their email may have been hacked or their number spoofed.
9. TRUST YOUR INTUITION.  Slightest question of authenticity?  Feeling of distrust? Major red flag? Do not ignore these feelings.
10. COMMUNICATION IS KEY. If a text or email seems weird, out of character, just a slight bit off? We recommend that you call the person/company/bank to verify the contents of an email or text, or ask a trusted professional.

If you have any questions about a suspicious email, call, or text, feel free to contact our office via phone 208.288.4345 or email info@integrityidaho.com.

#CBTDenimDay

April is Sexual Assault Awareness Month. It's a difficult topic, no question.

Removing the stigma surrounding sexual assault and abuse, bringing the conversation to the forefront and out of the shadows, educating, speaking out, ending victim-blaming, and supporting survivors are the best defenses. So much has been done, with so much more to do.

It's worthy of our time. Of everyone's time. Here at CBT, we decided to act on one of our mottos – BE BOLD – and do what we can to help. For our April #DoersOfGood campaign, we're taking the message to all our offices and asking our Realtors®, staff, and managers to come together to support organizations in our areas who work hard to assist women in our local communities. We've asked them to purchase a #CBTDenimDay button, donate gently used professional clothing, and wear their jeans on April 27^th, the 24^th annual National Denim Day. 100% of the funds raised in each region, along with additional funds from CBT, will be donated to the corresponding organizations listed below. Clothing donations will stay local, as well. 

Denim Day grew out of an Italian Supreme Court decision overturning a rape conviction of an 18-year-old girl because she was wearing tight jeans. Since then, wearing jeans on Denim Day is a visible means of protest against victim-blaming and sexual violence.

The organizations we are coming together to support are:

Spokane area:

YWCA – Our Sister's Closet, www.ywcaspokane.org

Tri-Cities area:

Domestic Violence Services of Benton & Franklin Counties, www.dvsbf.org

Lewiston/Moscow/Pullman:

Lewiston YWCA, ywcaidaho.org

Alternatives to Violence of the Palouse, www.atvp.org

Boise area:

Women's and Children's Alliance, www.wcaboise.com

Idaho Falls area:

The Domestic Violence & Sexual Assault Center, www.dvsacac.org

To help, the ask is simple: wear your jeans on April 27^th and speak out. To learn about more ways you can help – or if you need assistance, visit one of the sites above.

There's always something fun happening near Spokane homes for sale. Join family and friends in celebrating at the Spokane Lilac Festival and the Bloomsday Run, two of the city's favorite seasonal traditions. 

Spokane Lilac Festival

After a two-year hiatus, the Spokane Lilac Festival made an early return in November 2021 to usher in the holidays. This May, the traditional festival is back to delight people of all ages. "The Lilac City" has been home to the festival since 1938, when it began as a way to honor the community as well as members of the military. Over the years, the festival has grown to become the largest event in the Inland Northwest region.

This year's festival revolves around the nostalgic theme of "Our Town." Mark your calendars for these highlight events:

• Don't miss the main attraction, the Armed Forces Torchlight Parade, at 7:45 p.m. on Saturday, May 21. Local school bands, dancers, gymnasts, floats, and military units will make their way through the streets of downtown Spokane.
  
  
• Meet the Festival Queen and her Royal Court at a luncheon in the Grand Ballroom at the DoubleTree by Hilton. The luncheon takes place on Friday, May 20, from 11:30 a.m. - 1 p.m., and tickets are $50 per person.
  
  
• Later that evening, the DoubleTree will host the official President's Gala from 6:30 p.m. - 10 p.m. Dine on a gourmet meal before dancing the night away. Tickets are $100 per person.
  
  
• The creativity of local artists will be on display at the Lilac Art Show, held at Nectar Catering & Events. Competition is open to a wide range of media, including oil, watercolor, mixed media, and pen and ink. Doors open at 6 p.m. on Monday, May 16.
  
  
• Take part in the debut of an exciting new event with the inaugural Lilac Festival BrewFest. Enjoy tastings of signature brews from 16 of the area's top breweries, including Black Label, Whistlepunk, and YaYa. The $35 admission includes ten tasting tokens and a special edition glass. An additional $10 gets you VIP status, with early entry and reserved seating for the Torchlight Parade. Raise your glass on Saturday, May 21, from 1 p.m. - 5 p.m. on Wall St. between Spokane Falls Blvd. and Main St.

Check out the full event information here.

Bloomsday Run

Coldwell Banker Tomlinson is proud to be one of the major sponsors of Spokane's iconic Bloomsday Run, which has an impressive pedigree. Founder Don Kardong is a local runner who was inspired by his experience in the 1976 Olympic marathon, along with many other national class races. Winners of the first two runs in 1977 and 1978 were Olympic gold medalist Frank Shorter and Bill Rodgers, another famous Olympian who is known for his multiple victories in the Boston and New York City Marathons. 

The 12K course starts off on Riverside Drive, roughly following alongside the Spokane River until it crosses at T.J. Meenach Bridge. Next comes the aptly-named Doomsday Hill, which leads into the last leg of the race. Participants can also choose the virtual option, which allows them to complete a 7.46-mile course of their choosing between April 28 and May 8.

Bloomsday's live run takes place on Sunday, May 1. An early registration fee of $35 runs until April 29, when it goes to full price of $50. Registration for the virtual run is $35 plus shipping for the race bib.

Please join us at the Bloomsday Trade Show on Friday and Saturday before the race to meet our wonderful real estate agents and win some CBT swag!

For information and to sign up, visit this website.

Ready to plant your roots in Spokane and watch your own family bloom? Contact us at Coldwell Banker Tomlinson to get started.

DIY Products for Spring Cleaning

Sometimes it seems there is no end to house cleaning, and while there is no clear-cut answer for how to keep your home perfectly clean at all times, it might be surprising just how much you can do with a little baking soda and white vinegar.

Spot Cleaner for Carpet

• After cleaning up any excess spill, sprinkle the carpet with baking soda or cornstarch. Let stand for 10 minutes and then vacuum.
• Mix one tablespoon clear dishwashing liquid and one tablespoon white vinegar with two cups of warm water.
• Using a white cloth, blot the stain with the vinegar solution.
• Sponge with cold water and blot dry.

Oven Cleaner

• Make a paste of baking soda and water.
• Coat the oven (or just the dirty parts) with the paste and let stand overnight. Be sure to avoid the heating elements and bare metal.
• Use a plastic spatula to remove the paste. (Wear rubber gloves.)
• Wipe away any residue with a clean, wet sponge.

Grout Cleaners

• Fill a spray bottle with equal amounts of white vinegar and water and generously spray the tile/grout. Let sit about five minutes.
• Scrub area with a grout brush, or even a toothbrush.
• Rinse with warm water.
• If stains are more stubborn, mix a paste of baking soda and water and using your grout brush, work it into the grout.
• Immediately follow with the vinegar spray. This should cause the baking soda paste to bubble.
• Use your brush to finish cleaning.
• Rinse with warm water.
• For mold or mildewed grout, hydrogen peroxide is a gem. Spray it on the stain, let sit for a few minutes, and then scrub with your grout brush. You can even mix baking soda and hydrogen peroxide into a paste for a stronger clean. Apply the paste to the grout lines, wait a few minutes, scrub and then rinse with water.
• NOTE: Do not apply vinegar to grout that has not been properly sealed.

Showerhead Cleaner

• Carefully mix 1/3 cup baking soda with 1 cup white vinegar in a plastic bag.
• Place the bag over the showerhead, submerging the head in the mixture; secure bag with rubber band or twist-tie.
• Let soak for at least 3 hours.
• Wipe clean.

 Window Cleaner

• Mix together in a spray bottle: ¼ cup vinegar, ½ tsp natural liquid soap, and 2 cups water. Shake to blend.
• Spray on windows and use newspaper to rub dry & clean, avoiding the window frames (newspaper can leave dark marks on the frames).

Our real estate agents have noticed a surge in interest in vintage furniture and home decor over the last few years. This old-fashioned aesthetic can make your home feel cozier and more personal. But how do you find these one-of-a-kind pieces for your home?

Want to bring this popular trend into your home? Use our guide to find the best vintage home decor items in Spokane.  

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What will 2022 Bring?

Recently, Coldwell Banker Tomlinson Realtors®, managers, and staff were honored with a visit from the President and CEO of Coldwell Banker Real Estate LLC, Ryan Gorman. Responsible for the operations that support our network of 94,000 real estate professionals in 3,000 offices in 43 countries across the globe, he made the trip from CB's New Jersey headquarters to speak with us about the wild ride that was 2021 and share his predictions about the state of our industry moving through 2022.

Though he foresees a continuation of a seller's market, he believes it won't be "the crazy, crazy" atmosphere we saw in 2021.  "Interest rates are ticking up which will slow things a bit," he said, but "inbound migration will continue to be strong, so it will be a long time before the market shifts."

When asked if he was surprised by the activity during the pandemic, he told us that though he did not predict the "nearly 10 years of appreciation in 18 months" in our area, Ryan said he wasn't surprised to see the market remain strong. Despite the economic downturn, "we had the most equity in homes that we had literally ever had (not on a percentage basis, but on an absolute basis), and we had tighter underwriting for almost 15 years by that point than we had almost ever had, so people had good opportunities."

Contributing to the history-making market, he noted, was that for the past five or so years our area has been named to list after list of best places to live, work, and raise a family, so as people were able to work, not only remotely, but more independently, they began to make good on the question if you could live anywhere, why not live somewhere great?  

In discussing the issue of low inventory, he is quick to point out that even buyers who have been in their homes two or three months may have equity that could propel them to look at selling to purchase something that better fits their dreams and goals and encouraged agents to inform their previous buyers what their homes are worth today. Buyers, he said, can leverage their equity to move more affordably to another neighborhood or city.

Recently named a "Real Estate Newsmaker" for 2021 and "Influencer" for 2022 by RisMedia, a highly respected real estate news and information service, Ryan says is most proud of Coldwell Banker's integrity. "Integrity is first. That's an easy answer. Coldwell Banker was founded on honesty and integrity, and that has lasted."

To learn more about Ryan's strategies for Coldwell Banker in 2022, check out his interview with Jordan Grice of RisMedia.

Search for your new home at cbspokane.com.

One of the best ways to experience all of the greatness Spokane has to offer is through its wine. The area's local wineries serve as community gathering spots, help fuel the local economy, and tell the story of our area's rich history.

Also, learning to distinguish between certain types of wine is a lot of fun. With 20 wineries within 10 miles of Spokane, you'll have no trouble developing a sophisticated palate. Here are some of our favorite local wineries to visit this weekend:

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Some parts of Washington never really get enough ice to make ice fishing possible. But here in the Spokane area, our cold winters are a blessing in disguise. Local anglers look forward to ice fishing all year. 

Our real estate agents look forward to it too. If you happen to be in the Spokane area and are looking for a place to drop a line, be sure to check out these great local ice fishing spots. 

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Test Your Valentine's Day Knowledge

Happy Valentine's Day to you and yours!  Today is the day for love and romance, heart-shaped chocolates and candlelit dinners.

What do you really know about Valentine's Day? Here are some fun trivia questions to test your knowledge.

1. When was the oldest-known Valentine's Day message written, and from where? 
2. When was February 14^th first declared as Valentine's Day? 
3. Who invented the first Valentine's Day candy box? 
4. What is the average number of marriage proposals on Valentine's Day each year? 
5. How much on average is spent on chocolate in America for Valentine's Day each year? 
6. How many roses are sold on Valentine's Day each year? 
7. How many Valentine's Day greeting cards are purchased in the U.S. each year? 
8. How many people typically purchase Valentines for their pets? 
9. If you send a snarky insult on Valentine's Day, what kind of "greeting" are you sending?
10. What year were the popular "conversation Sweethearts" not available?

Ready for the answers?

1. The oldest-known Valentine was in 1415, sent by Charles, Duke of Orleans, to his wife from the Tower of London where he was imprisoned. 
2. Valentine's Day was declared an official holiday in 1537 by King Henry VIII. 
3. English entrepreneur and chocolate-maker Richard Cadbury created the first heart-shaped box of chocolates. 
4. 220,000 
5. It is estimated that over $1 billion is spent in the U.S. each year for Valentine's Day. 
6. 189 million 
7. Approximately 1 billion 
8. 9 million 
9. Insulting Valentine's messages are known as "Vinegar Valentines."
10. The ever-popular "Conversation Hearts" were unavailable in 2019 after their manufacturer Necco declared bankruptcy in 2018. Thankfully, the Spangler Candy Company purchased the rights, and the candies returned in 2020.

How'd you do? 

Whether you are celebrating with your beau, your best friends, your pets, or your neighbors, we wish you a day full of love!

Winning Snacks for a Super Bowl Crowd

For the vast majority of Americans, Super Bowl Sunday is a national holiday. Big gatherings, team jerseys, and food. Lots and lots of food. In fact, according to Wikipedia, roughly 28 million pounds of chips are consumed just on this day. Add to that 1.25 billion chicken wings and 8 million pounds of guacamole! 

Perhaps you're looking for some great ideas to add to the menu. Read on! 

Artichoke Dip

• 2 cans of non-marinated artichoke hearts
• 1 c. mayonnaise
• 1/2 c. sour cream
• 1 can of diced green chilis
• 1 c. shredded parmesan cheese

Combine all ingredients in a small baking dish and bake for 20 minutes at 400°. Serve with tortilla chips.

Dill Pickle & Ham Pinwheels

• ½ lb. thinly-sliced ham
• 4 oz. cream cheese
• 4 large whole dill pickles

Pat pickles dry with a paper towel. Cover each pickle with 1 oz. of the cream cheese & wrap with ¼ of the ham. Repeat with the remaining pickles & refrigerate for at least 1 hour. Slice into 1" pieces & enjoy!

Tequila-Spiked Salsa

• 2 c. chopped, seeded tomato
• 1 c. chopped onion
• 1/2 c. chopped fresh cilantro
• 1/3 c. peeled, chopped avocado
• 2 Tbsp. fresh lime juice
• 2 tsp. tequila (optional!)
• 1/2 tsp. kosher salt
• 2 cloves garlic, minced

Combine all ingredients & toss gently. Serve with tortilla chips.

Buffalo Chicken Dip

• 10 oz. chicken breasts, boiled & shredded
• 2 (8 oz.) packages of cream cheese, softened
• 1 c. ranch dressing
• 3/4 c. (or more based on taste/preferences)
• pepper sauce (e.g. Frank's Red Hot®)
• 1-1/2 c. shredded cheddar cheese

Place shredded chicken & hot sauce in skillet & heat over medium heat until heated through. Stir in cream cheese & ranch dressing. Cook, stirring until well blended & warm. Mix in shredded cheese & stir until melted. Transfer to the crockpot to keep warm & serve with tortilla chips.

Oreo Popcorn

• 20 Oreo cookies
• 2 bags of microwave popcorn, popped
• 2 c. white chocolate chips

Place Oreos in a large Ziploc bag and smash. Heat white chocolate chips in microwave on high for 30-second intervals up to 2-3 minutes, stirring until melted. Mix popcorn & melted chocolate in a large bowl until well-combined. Slowly add the cookies & mix. Turn out on waxed paper until cool. Break into pieces & enjoy.

After the big game, when you find yourself wishing for a media room or better entertaining space, give us a call. We will guide you to the perfect home!

The Spokane River Centennial Trail is just one example of what there is to see and do in the area, and it can provide day after day of outdoor adventures. Whether you prefer more urban activities or want to hike your way through gorgeous topography, the trail has something for everyone. Nearly 2 million people visit the trail each year, a testament to its popularity and the gorgeous scenery it offers.

Our real estate agents share what you need to know about exploring Spokane's Centennial Trail:

History of the Trail

Spokane River Centennial Trail is 40 miles long, starting at a recreation area on Lake Spokane before winding its way to the Idaho border and beyond. It generally follows the contours of the Spokane River as it makes its way through many diverse areas of both states.

Construction for the trail began between 1989-1991 in celebration of the Washington State Centennial. All of the trail's miles are completely paved, with many stretches separated from vehicular traffic.

The trail takes you through areas ranging from basalt canyons to hip urban centers. 

For example, you may want to spend time in historic downtown Spokane and the more urban areas of the trail before heading out to explore more rural areas and their spectacular views. You can traverse the trail's entire length on a long bike ride, or take several days to hike your way through.

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Proudly known as the "Gateway to the West," Spokane recently earned another accolade when it landed on the list of Top Housing Markets for 2022. Our real estate agents know the area is a great place to call home for many reasons! Below they share the amenities and advantages of living in Spokane that others are discovering.

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Parks and trails in the Spokane area offer amazing hiking opportunities during the warmer months... but the fun doesn't end when the snow flies. Winter in Spokane means it's time to strap on the snowshoes!

When there's a good base layer of snow on the ground, there's no place quite like Spokane County for an outdoor adventure. Our real estate agents are excited to share their favorite snowshoeing destinations in the Spokane area. 

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2021 is almost over, and it's a good time to reflect upon the year, your wins, losses, and any lessons learned. Every new year brings with it possibilities to improve. It offers you a chance to reinvent yourself, and if you're in the market for a new home, our real estate agents can help you start the new year on a high note by helping you find your dream home.

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Still need the perfect gift for that special someone on your shopping list? Our real estate agents are happy to help. 

We're always in favor of supporting local businesses whenever we can. Here in Spokane, we're very lucky to have a ton of great options when it comes to shopping local. Be sure to check out these amazing locally owned businesses in the Spokane area when you need a last-minute gift.

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Whether or not the snow flies in time for the holidays, Spokane offers endless opportunities to get into the holiday spirit. 

Our real estate agents are excited to share their favorite holiday happenings in Spokane this season. From light displays and parades to craft markets and musical events, there's a lot to look forward to in Spokane during the holidays. Be sure to check out these upcoming events!

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Does selling your home during the holidays mean that you're doomed to spend the season with no decorations?

Fortunately, our real estate agents know that the answer is "no." Holiday decorations are encouraged when you're selling your home, but it's important to treat them as part of your home's staging. Here's what you need to know about staging your home during the holiday season. 

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The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:

• 70% of respondents want more outdoor living space
• 69% of respondents want a home office (48% wanted multiple offices)
• 46% of respondents want a multi-function room/flexible space
• 42% of respondents want an au pair/in-law suite
• 39% of respondents want an exercise room/yoga space

If you're a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

1. A possible desire to relocate
2. The difference in the cost of a renovation versus a purchase
3. Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house)

In either case, you'll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity.

Home Equity Is Skyrocketing

The record-setting increases in home prices over the last two years dramatically improved homeowners' equity. Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently:

"Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high."

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity.

If you decide to renovate, you'll need to refinance (or take out an equity loan) to access the equity. If you decide to move instead and use your equity as a down payment, you'll still need to mortgage the remaining difference between the down payment and the cost of your next home.

Mortgage rates are forecast to increase over the next year. Waiting to leverage your equity will probably mean you'll pay more to do so. According to the latest data from the Federal Housing Finance Agency (FHFA), almost 57% of current mortgage holders have a mortgage rate of 4% or below. If you're one of those homeowners, you can keep your mortgage rate under 4% by doing it now. If you're one of the 43% of homeowners with a mortgage rate over 4%, you may be able to do a cash-out refinance or buy a more expensive home without significantly increasing your monthly payment.

First Step: Determine the Amount of Equity in Your Home

If you're ready to either redesign your current house or find an existing or newly constructed home that has everything you want, the first thing you need to do is determine how much equity you have in your current home. To do that, you'll need two things:

1. The current mortgage balance on your home
2. The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To find the current market value of your house, you can pay several hundreds of dollars for an appraisal, or you can contact a local real estate professional who will be able to present to you, at no charge, a professional equity assessment report.

Bottom Line

If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home. Contact us today to help guide you through the process and help determine what makes the most sense for you!

Your entryway is the first space guests experience when they step into your home. And more importantly, it is the first space you experience when you get home! As such, you really want your entryway to feel warm and welcoming. Here are a few useful tips to help you make your entryway a sight to behold.

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When the temperatures start to drop, there's nothing quite like enjoying a fresh-baked treat and a hot cup of coffee. In fact, if you ask our real estate agents, most of them will tell you it's their favorite way to start the day. 

If you've been busy exploring Spokane homes for sale, you probably don't have time to make your own baked goods right now - but you're in luck! There are plenty of great bakeries nearby where you can choose from a large selection of tasty treats. Here are a few we recommend checking out. 

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The beautiful river is one of the many features that make Spokane special. Our real estate agents want you to see it like never before! Since all the way back in 1873, "The Lilac City" has depended on its river for both trade and natural beauty. No surprise that its modern restaurant scene has also used the river for precious inspiration.

When you explore Spokane homes for sale, you will notice that the riverfront area isn't over-developed as in some cities. Only a handful of establishments, many of them historic, offer the breathtaking vantage of a lovely river view. To get a unique glimpse of the true heart of Spokane, it's a great idea to stop in for a bite to eat.

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When looking at Spokane homes for sale, buyers often plan how they might fix up a home or make it their own. The right home improvements can go a long way towards making a home more livable and increasing its value. But as your list of home improvement projects grows, how do you decide which ones to tackle first? Here are some tips to help you prioritize your to-do list.

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There's a lot you can learn from homes selling in your neighborhood, especially if that home is right next to yours. If you spotted a sign in your neighbor's yard, you might want to do some investigating.

Keeping tabs on the outcome of your neighbor's home sale can prove extremely beneficial when it comes time to list your own property. Details about your neighbor's home and the transaction can provide key information about your local real estate market. Luckily, it's fairly easy to find out important pieces of information. Below are four things we encourage consumers to watch out for when a neighbor puts their home on the market:

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If you're looking at Spokane homes for sale, you'll be within easy reach of Mount Spokane State Park. This is a lovely place to stop and take a hike. The scenery is breathtaking, and there are trails catering to all ages and levels of ability. Here are a few of the key trails you can hike within the state park. 

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Warm, dry weather and a beautiful landscape make Spokane an ideal place for summer mountain biking. Strap on your helmet and head out to these challenging and fun trails around Spokane homes for sale recommended by our real estate agents.

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School might be out for summer, but opportunities for kids to learn and grow never end. The Spokane area offers a lot of great programs and resources for children to continue their education... and have a lot of fun!

Summer programs offer a chance for youngsters to learn more about science and the arts and to stoke their creativity and connect with the natural world in a way that a traditional classroom never could. Our real estate agents are happy to share some of their favorite summer learning opportunities for kids. 

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The Green Bluff area is known for its beautiful scenery and fertile soil, which allows local farmers to grow a wide variety of delicious, high-quality produce throughout the year. Many of the best local farms and fruit stands are part of the Green Bluff Growers' Association, a local organization dedicated to sharing all that local farms have to offer. And it's not just about great food! They also host many fun, family-friendly activities available at local farms throughout the year. Coldwell Banker Tomlinson has all the details on the fun you can expect at local farms, in our Green Bluff Growers Spotlight.

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If you're feeling uninspired or unmotivated when you head into your home office, then you know it's time to switch up things and refresh your workspace. With a few physical design changes, you can turn your workspace into a place of joy, inspiration, creativity, and productivity. Our real estate agents have rounded some of the top tips below to help you get started.

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Did you know mini golf is a great way for kids to learn patience and self-control while developing creativity and hand-eye coordination? All your kids will know is that they're having a blast. Share some quality time with your family at one of these entertaining mini golf courses near Spokane homes for sale.

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Spring cleaning is the perfect way to start the decluttering process before showing your house for sale or to start packing for a move. But if you've been in your home for a long time, the volume of junk you've been stashing may seem overwhelming. Our real estate agents will tell you eliminating clutter is an important key to maintaining a beautiful home. Breaking the job into manageable chunks can be very helpful. Make sure to toss out these items while doing your spring cleaning this year. 

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From the March 2021 issue of @Home with Coldwell Banker Tomlinson.  Written by Chris Canning, Coldwell Banker Tomlinson Realtor®

As both a licensed REALTOR® and home builder, I often scroll through my Facebook feed and see homes advertised by our area homebuilders and fellow real estate agents. I often see such remarks as: "They want how much for that house? They're crazy!" or "Why can't builders build more affordable homes?" The general public is not aware of the obstacles faced by members of the industry tasked with meeting the demand for housing. Chief among these obstacles are: 1. A lack of affordable land. 2. Dramatic increases in the cost of materials. 3. The scarcity of qualified tradespeople.

1. Land

   The first line item on any builder's ledger is lot cost. At present, Spokane is faced with issues in obtaining, developing, and delivering reasonably priced lots to builders. Briefly stated, Spokane's Comprehensive Plan dictates when, where, and how development and construction can take place. Its purpose is to prioritize use of existing infrastructure and improvements before venturing into areas that would require expanding infrastructure. Unfortunately, the land within the boundaries of our "Comp Plan" that was easiest and most cost-effective to develop is gone, leaving only very complicated, expensive, steep, rocky, pieces of property to develop. Consequently, developers and builders are forced to confront more expensive and complicated properties and projects. Many consumers who are able are paying these increases, while others have simply been forced out of the market. Let's assume a builder can build a home for $200.00/sq/ft and obtain a fair profit. If the builder is able to obtain a building lot for $60,000, and builds a 1,500 sq/ft rancher – he would need to charge $360,000 for this home. If, due to scarcity, the cost of the lot rises to $80,000, the result is an increase in the finished cost of the home of about $22,000. Otherwise, the builder sees his/her margin of profit slip, which would make it more difficult to obtain financing. Ultimately, the consumer bears the brunt of the cost increase, while the only party to benefit is the original landowner.
    

2. Materials

   You may have heard in the news recently that lumber prices have nearly doubled in our area and elsewhere across the nation. However, it's not just lumber that has seen extensive price increases due to scarcity. Across the board (no pun intended), shortages in roofing, wiring, flooring and other materials, have significantly increased the cost of building a new home today.
    

3. Skilled Labor

   Ask any home builder in town why homes are costing more, and be prepared for a lecture on the shortage of labor in the building trades. As a millennial, I was pushed hard to pursue a career requiring a college degree. I wish I had known then how much demand Spokane would have for skilled labor in the building trades in 2021! Talking to the many friends and family I have working as skilled tradespeople, I find that every one of them is inundated with work, to the extent that they can choose whom they work for and what they should be paid. As a result, while today's new homes are not framed any straighter or plumbed more reliably than those built five years ago, they are a lot more expensive to build, and, thus, to buy.
   
   

Lurking behind every one of these factors in the increasing cost of new homes is the Demon of Demand. As long as Spokane remains the wonderful place to live it is and always has been, we can expect to see increases in the cost of housing, though perhaps less steep than we are coping with now, extending into the future.

Whether you have lived in your home for several years or several decades, there may come a time when you decide to put your home up for sale. To tackle the challenge, our real estate agents will guide you through the process to make sure your home makes a big impression on potential buyers looking for Spokane homes for sale.

Putting your home on the market can be a stressful event, but you can eliminate stress by knowing what to do before listing your home. Prepare you home for the busy spring market by following these tips. 

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Planting the right flowers in your yard can truly give your landscaping a boost! That's just one of the great reasons to participate in National Plant a Flower Day on Friday, March 12. Our real estate agents share some helpful information about planting a garden in Spokane to get you started. 

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By the time we get to the dark days of midwinter, gardeners all over Washington are itching to get outside and get their hands back in the soil. We understand the struggle. 

Luckily, this is the time of year when you can start taking the first steps toward planting your spring vegetable garden. Our real estate agents are delighted to share these tips for starting your spring garden indoors!

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Valentine's Day is around the corner, so now is the perfect time to start planning a surprise for your special someone. While the holiday may look a little different this year than in years past, a romantic meal at home with your favorite person and your favorite food will never go out of style. Many of your favorite Spokane restaurants are currently open for takeout and will be serving up delicious dishes for Valentine's Day this year. We have all the details you need on 5 great restaurants offering Valentine's Day takeout in Spokane.

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Many people call the kitchen the heart of the home, and it's easy to see why. It's used by multiple family members throughout the day and becomes a gathering spot for family and friends. And as people spend more time at home, this year is the perfect time to make your kitchen more appealing to yourself and your family as well as to prospective buyers if you're selling your home.

If your kitchen is outdated, an upgrade can improve its appearance and make it easier for you to complete your food preparation tasks. Our real estate agents suggest the following ways to upgrade your kitchen this year:

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Now that the holidays are behind us, we're all eager to get out of the house and get some exercise. Luckily, winter is a beautiful time to head outside and explore the Spokane area.

Our real estate agents love the Washington weather this time of year. And with a nice dusting of snow on the trails, it's a perfect opportunity to lace up your hiking boots—or strap on your snowshoes—and experience these great Spokane winter hikes. 

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Charcuterie boards are perfect for sampling some of the best local flavors! Plus, they aren't just for meat and cheese anymore. Cold days and nights spent indoors have inspired people to build hot chocolate charcuterie boards featuring cocoa and all the fixings, from marshmallows and wafer sticks to caramel cubes and gingerbread cookies.

Whether you go gourmet or comfort, our real estate agents suggest these great shops around Spokane for creating your own charcuterie board.

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With a brand new year on the horizon, our real estate agents are excited about the new possibilities it represents. A new calendar is a blank slate, and maybe not just for you, but for your home too. So as we look to the future, keep these up-and-coming design trends in mind for your next remodel. 

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