At Home With Coldwell Banker Tomlinson - July 2023

DeVriesBusinessServices

TheInlandNorthwesthasproducediconic entrepreneurs,businesses,charitable enterprises,andpremierathletes.While manyareinthespotlight,othersprovide essentialservicesthatsupportallindustries.DeVries BusinessServicesisaperfectexample.

GrowingupinSpokane,PatDeVries recollectshisfatherandgrandfatherbeingshining examplesofgritandhardwork.In1985,Pat DeVrieslaidthefoundationforDeVriesBusiness Serviceswithastrongworkethic,acommercial driver’slicense,andunwaveringcommitmentto excellence.Whatstartedasasmallmoving companyhasgrownintoathrivingbusinessthat offersshredding,moving,anddocumentstorage servingclientsacrossEasternWashington,North IdahoandWesternMontana.

Theevolutionofthecompanyovernearly40 yearshasbeenfarfromlinear.Timeandtechnology haverequiredadaptability,andtheirfierceclient commitmenthasincitedcreativeexpansions.In ordertoservetheirclient’swholebusinessbetter, DeVriesacquiredBekinNorthwestandKeesFiling Systems,thusaugmentingtheircomprehensive businesssolutionsandregionalfootprint.

Centraltotheiraccomplishmentshasbeen thecompany’sdedicationtoprovidingimpeccable

customerservice.Whetherfacilitatingseamless officemoves,providingreliabledocumentstorage, orsecurelyshreddingsensitivedocuments,the companyhasbuiltareputationfordelivering exceptionalservicethatmeetsandexceedsindustry standards.Byinvestinginstate-of-the-art equipmentandregularlyupdatingtheirprocedures, thecompanyensurestheirserviceseffectivelycater tothediverseneedsoftheirclients.

MovingCompany –PatDeVriesworkedfor WheatonVanLinesinthe1980sandwasproudly therunnerupfor“DriveroftheYearAward”during histenure.Thisskill,alongwithdetermination, incitedthebeginningofthemovingsegmentof DeVriesBusinessServicesin1985.TheDeVries movingteamexercisesthatlevelofskillandcarefor theirmovingclientsstilltoday.

RecordsStorage isanecessarybusiness support,thusDeVriesmaintainsaconstant awarenessofregulations,lawsandtrends.Theyare afullserviceRIMRecordsInformationManagement Company.DeVriesnecessarilybuiltalocked, climate-controlledenvironment,abar-codetracking system,andscanondemandconversionprocess thatiscontinuallyevolvingtosupporttheirclients.

Shredding isahighlycompetitiveindustrywith manysmallornationalcompaniesdoingthe

bidding.Thatsaid,DeVriesdemonstratestheir diligenceinprotectingtheinformationentrustedtoit throughtheiron-siteshreddingtrucks,processes, andCertificationbytheNationalAssociationfor InformationDestruction.

Foundedonprinciplesofhardwork, adaptability,andexceptionalservice,thecompany hasthrivedundertheleadershipofPatDeVries. Withtheirportfolioofservicesandcapacity,ateam ofdedicatedprofessionals,andaninnovativeand robustinfrastructure,DeVriesbusinessServiceshas becomethetrustednameintheindustry.When askedaboutretirement,Patseemscontemplative abouthistrustedteamtakingthereinsofthe company,yetleavesnodoubtsuchthingswillhave towait.Fornow,he’sfindingwork-lifebalanceand continueslovingthemissionofhiscompany.

LendersGetCreativetoHelpBorrowers NavigateToday’sChallenges

Intoday'schallenginghousingmarket, residentialmortgagerateshaveremained persistentlyhigh,posingsignificant challengesforhomebuyers.However,inresponseto thisongoingissue,mortgagelendershavedevised variousprogramsandstrategiestoalleviatethe burdenofmonthlymortgagepayments.Thisarticle willexploresomeoftheinnovativeapproachesthat residentialmortgagelendersareimplementing, includinginterestratebuy-downs,sellerallowances, andothertechniquesaimedatreducingthefinancial strainonborrowers.

1.InterestRateBuy-Downs:

Onepopularstrategyemployedbymortgage lendersistheinterestratebuy-downprogram.With aninterestratebuy-down,theborrowerpaysan upfrontfeetothelender,whichisusedtolowerthe initialinterestrateontheirmortgage.Byreducingthe interestrate,borrowerscanenjoylowermonthly paymentsthroughoutthetermoftheirmortgage.This programhelpsmakehomeownershipmore affordable,particularlyforfirst-timebuyersorthose withtighterbudgets.

2.SellerAllowances:

Tofurthersupportbuyersfacinghigh mortgagerates,somelendershaveintroducedseller allowanceprograms.Inthesecases,thesellerofthe

propertycontributesaspecificamounttowardsthe buyer'sclosingcosts,therebyreducingthefinancial burdenontheborrower.Byshiftingaportionofthe expensestotheseller,homebuyerscansavemoney upfrontandallocatethosefundstowardstheir mortgagepayments.Insomecases,Sellersare agreeingtopre-paytheirBuyers’interestpaymentsin astep-wisefashion,resultingineffectivereductionsin interestratesof3%inthefirstyear,2%inthesecond, and1%inthethird.Inrecentmonths,Tomlinson agentshaveassistedtheirclientsthroughan increasingnumberofsuchagreements.

3.DownPaymentAssistance:

Risingmortgageratesoftenmakeit challengingforprospectivehomebuyerstosaveup forasubstantialdownpayment.Toaddressthis issue,numerouspublicandprivateprogramsoffering downpaymentassistancehavesprungupinthelast severalyears.Theseinitiativesprovidefinancial supporttoqualifiedborrowers,helpingthembridge thegapbetweentheiravailablesavingsandthe requireddownpayment.Byreducingtheamount borrowersneedtoputdown,theseprogramsmake homeownershipmoreattainableforabroaderrange ofindividualsandfamilies.

4.Adjustable-RateMortgages(ARMs):

Anothertoolthatmortgagelendersemployto

mitigatetheimpactofhighmortgageratesistheuse ofadjustable-ratemortgages(ARMs).Unlikefixedratemortgages,ARMsofferaninitialperiodwitha lowerinterestrate,typicallyrangingfromonetoten years.Thisinitialperiodprovidesborrowerswith temporaryrelieffromhighmortgagerates,allowing themtoadjustfinanciallywhileplanningforfuturerate increases.ARMsprovideflexibilityandcanbe beneficialforborrowerswhoplantosellorrefinance theirhomesbeforetheadjustableperiodbegins.

5.RefinancingOpportunities:

Inadditiontotheaforementionedstrategies, residentialmortgagelendersalsoencourageexisting homeownerstoexplorerefinancingoptions.By refinancing,borrowerscantakeadvantageoflower interestratesandpotentiallyreducetheirmonthly mortgagepaymentsorpullcashoutfor improvements.Whilenothingiscertain,the professionalsarepredictingthatratesmaysettlein therangeof5.25%-5.75%inthenearfuture.

ColdwellBankerTomlinsonconstantly providesitsbrokerswithupdatedinformationonall thedevelopmentsmentionedhere,andmore.Don’t hesitatetocontactyourColdwellBankerTomlinson agentforguidancethroughtheshiftingcurrentsofthe mortgagemarket.

NOTES

MediterraneanGreenBeanSaladisfullofbright flavorsandcolors,withFetacheese,Kalamataolives, chickpeas,tomatoesandatangyGreekvinaigrette.

MediterraneanGreenBeanSalad

Serves8

INGREDIENTS

GreenBeanSalad:

•1½poundsfresh greenbeans

•½cup redonion minced

•½cup fetacheese

•1tablespoonfreshminced parsley

•1cup cherrytomatoes slicedinhalf

•½cuppitted kalamataolives welldrained

•15ouncecan chickpeas welldrained

INSTRUCTIONS

GreenBeanSalad:

Vinaigrette:

•¼cup oliveoil

•2tablespoons redwinevinegar

•1tablespoonfresh lemonjuice

•1teaspoon driedoregano

•1teaspoon dijonmustard

•1 garlic clovefinelyminced

•Saltandpeppertotaste

1.Boilwaterina3-quartpotandadd1tablespoonofsalt.Whilethewateriscomingtoaboil, rinsegreenbeansandtrimoffthestemends.

2.Addthetrimmedgreenbeanstoboilingwaterforabout3-4minutes.Beansshouldbebright greenincolorandthetexturetenderbutstillcrisp.Strainintoacolanderandrinsebeanswith coldwatertostopthecookingprocess.Patdrywithpapertowelstoremoveanyextrawater.

3.Inalargeservingbowl,tosssaladingredientstogether.Adddressingandtossagaintocoat.

Dressing:

1.Inasmallbowl,whisktogetherdressingingredientsuntilwellcombined.Youcouldalso shakeinatightlysealedjarorpulseinablender.

SPOKANEHOUSINGARCHITECTURE:MID-CENTURYMODERN

connectionwiththesurroundinglandscape.

Theuseofmaterials,particularlythebrick facade,addstextureandwarmthtothestructure. Thebrickworkcreatesasenseofsolidityand permanence,whileitsearthytonesprovideavisual contrasttothesurroundinggreenery.Thebrickhouse representsthemid-centurymodernphilosophyof usinghonestandnaturalmaterials,blendingthem harmoniouslywiththedesign.

Thephotographshowcasesastrikingly,attractively landscapedbrickhouseinaNorthsideneighborhood ofSpokane.Designedinthemid-centurymodern style,thisarchitecturalgemexudesaharmonious blendofsimplicity,functionality,andaestheticappeal.

Atfirstglance,thecleanlinesandgeometric shapesimmediatelydrawattention.Thehousedisplays aboxysilhouettewithflatorgentlyslopingroofs,typical ofmid-centurymoderndesign.Theuseoflarge windowsisalsoacharacteristicfeature,connectingthe

interiorspaceswiththesurroundingnatureand allowingamplenaturallighttopermeatetherooms.

Thispropertyfurtherhighlightstheemphasison integrationwithnature,adefiningcharacteristicofmidcenturymodernarchitecture.Itseamlesslymergeswith thenaturalenvironment,withthesurroundingtreesand shrubsactingasafunctional,aswellasaesthetic element.Thewideopenyardspacesandexpansive patioareareflectthedesiretoblurtheboundaries betweenindoorandoutdoorliving,encouraginga

Furthermore,propertyexhibitsthemid-century modernstyle'scommitmenttofunctionalityand efficiency.Thelarge,unobstructedwindowsallowfor passivesolarheating,reducingtherelianceon artificiallightingandheatingsystems.Theopenfloor plancharacteristicofthestylepromotesasenseof spaciousnessandflexibility,enablingeasymovement andsocialinteractionwithinthehouse.

SimilartomanyothersinSpokane,this propertyencapsulatesthekeyattributesofmidcenturymodernarchitecture.Fromitscleanlinesand geometricshapestoitsintegrationwithnatureand emphasisonfunctionality,thehouserepresentsa superbexampleofthisinfluentialdesignmovement.

Spokane&KootenaiCounty MarketSnapshots-June2023 SPOKANECOUNTY KOOTENAICOUNTY June2023,ascomparedtoJune2022.TheinformationinthesereportsarecompiledfromreportsgivenbytheSpokaneAssociationofREALTORS® andtheCoeurd'AleneAssociationof REALTORS® andtothebestofourknowledgeisaccurateandcurrent. AverageSalesPrice AverageSalesPrice CurrentListingInventory CurrentListingInventory MedianDaysOnMarket AverageDaysOnMarket MedianSalesPrice MedianSalesPrice ResidentialClosedSales ResidentialClosedSales AnnualResidentialSales AnnualResidentialSales Down3.4% Down6.6% Up9.5% Up22.2% Up33.3% Up30.0% Down3.4% Down9.0% Down26.4% Down6.6% Down22.1% Down24.1% $462,553 $700,231 937 1,167 8 78 $424,950 $525,000 564 309 2,676 1,395 cbspokane.com