aboutboiseidahorealestate

What is Going on in Real Estate

The national, residential, real estate market sees ups and downs on a regular basis. Even while the foreclosure rate is up the market is still fairly good. In teh 1980s and 90s mortgage rates were much higher than they are now yet the maret is faced with challenges.

Nevertheless, the real estate market will vary and teh Boise Idaho real estate market is no exception.

If you are looking to sell your home don't be discouraged. The market isn't dead and you can still sell your home for a a good return on your investment.

Tips on Selling Your Home

Contact a local real estate professional and find out what the market is doing in your area.
Prepare your home for sale. Do tihs by cleaning the inside and out. Get rid of any clutter, debris, garbage, etc. that may hurt your chances of a good impression from homebuyers.
Make necessary repairs to your property.
Market your home to the public.
Negotiate the best deal possible.
Emotionally detach yourself from the transaction.

Tips on Buying a Home

Determine if you are financially ready to buy.
How much home can you afford?
Get preapproved for a home loan.
Know your needs vs wants.
Contact a local real estate agent to help.
Start your search by looking at homes online.
Determine special considerations such as schools.
Negotiate the best deal possible.

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How to Protect Your Children
There seems to be a misconception that abductions are only carried out by strangers. We often tell our children not to talk to strangers but this may not be enough. According to the FBI, the majority of child abductions are done by individuals that either is known by the child or their parents. - 2 years ago
Importance of a Home Inspection
There are very few guarantees in life so the better prepared and more thorough you are when buying a home you can potentially save thousands of dollars or keep you from buying a money pit in the first place. When buying a home whether it is a new or older home it is always important to get a home inspection done. - 2 years ago

Boise Real Estate 2008 Recap

Like much of the nation Boise Idaho and the surrounding area has had better days. The real estate market is in a slump with Idaho ranking within the top 20 in the nation in foreclosures. As one of the worst years in the housing market comes to an end one thing is foresure, at some point things have to get better.

Home sales for 2008 compared to 2007 were down by nearly 25% for the year, for Boise only. Take into account Nampa, Meridian, Kuna, Eagle, etc that number is likely to be higher.

Why did this happen and how? There were several factors that threw the real estate market into a downward spiral but the underlying cause may of been greed, not only by lenders but homebuyers as well. Buying homes when you could not afford it or taking risking loans when maybe you know you shouldn't of contributed to the problems but even worse is when unscrupulas lending institutions purposely mislead and cheated the Amercian people. A couple examples of this were Washington Mutual, now owned by JP Morgan and Countrywide, now owned by Bank of America. Both financial institutions have had court cases brought against them for violating several laws and regulations.

Wall Street even played a part in the economic downfall which they still suffer.. "Investors unhappy with the stock market pulled their money from Wall Street and poured it into real estate. Then Wall Street lured much of the money back by packaging mortgages and selling them like stocks." this move later back fired in their face creating problems across the globe.

If it hasn't been one thing it has been another but there is one positive note to end the year.. The year is over and there is a new administration taking over whom will hopefully change things around for the Boise real estate market as well as the nation.