Hand-Picked Real Estate Investment Listings for the Boise Area
For years we've been working with real estate investors, helping them make timely, profitable investments in real estate. Our clients have succeeded in everything from "flips" to rentals to long-term holds.
For the first time in a few years it's possible to find and successfully invest in property. We are meeting this new demand by providing hand-picked investment listings (three active listings, one sold and one pending) on an exclusive, easy-to-use listings site that we created.
Boise's Best Investment listings site is available by invitation only, but is open to anyone who is interested in exploring investment opportunities.
ADDITIONALLY we include "net sheets" so you can see the financial possibilities associated with each property.
This is a truly unique service and we think you'll see the value. This site is maintained by us for you. It's not a national program. There are no fees, no spam, no ads.
A Brief & Excellent Overview about Short Sales vs. Traditional Sales
This is a monthly service provided by Keller Williams Realty. Considering our expertise in closing short sales, we felt this was particularly appropriate.
Yesterday we closed on yet another short sale, this time in Star, Idaho.
We have been personally trained by a former Chief Loss Mitigator who is a career loss mitigator and asset manager (he is the guy at the bank who ultimately accepts or declines short sales) with 20 years in the business.
We have successfully negotiated short sales for many Boise area families. That means we actually get the banks to say YES to our short sales. Before you agree to have an agent help you sell your home, ask him/her to show you just one short sale approval within the last 6 months...it's likely that they can't.
Local Solutions to Helping New Buyers Afford a Home
A new Idaho Housing Program is continuing the effort to help first time homebuyers realize their dreams of home ownership...this time on a more local level.
On June 1 the IHA implemented a 100% financing program for buyers who have never owned a home or who have not owned a home in the previous 3 years.
This is a fantastic opportunity to continue to get qualified individuals into homes while rates are at record lows and the prices of homes are incredible. Finding homes that meet the buyers’ needs and wants combined with a price that easily fits their budget is more attainable today than it ever has been.
SO…send out the word to all of those first time buyers that want to take advantage of a once-in-a-lifetime opportunity.
Existing home sales strengthened in March to 5.35 million, up 6.5 percent from February and 16 percent from last March. This is the ninth consecutive month of year-over-year increases. According to NAR's chief economist, the “home-buyer tax credit has been a resounding success,” increasing demand and stabilizing the market. In March, a whopping 44 percent of saleswere from first-time buyers.
What is Inventory Like?
The "bad" news is, total housing inventory rose slightly to 3.58 million in March, representing an eight month supply of sales (if homes continue to sell at the current pace consistently and no new homes come on the market). However, compared to the previous year, there are now 1.8% fewer homes on the market. This is the twentieth consistent month of inventory decline when compared to the previous year--one of several indicators that the market will likely “bottom out” in the next few months, according to NAR.
Affordability
Affordability remains near record levels, supported by the lowest mortgage rates in decades, low home prices, and the first-time home buyer tax credit. The home price-to-income ratio continues to remain well below the historical average of 25 percent. The ratio now stands at 14.7 percent.
Sources: National Association of Realtors, Freddie Mac
US News & World Report: Incomes will increase in Idaho
Author Rick Newman discusses those states projected to have the highest and lowest growth in income over the next five years. From the article:
Idaho (average income-growth rate: 5.9 percent). The recession hit hard in this Rocky Mountain state as well, with some lumber, furniture, and technology companies closing down and many others slashing jobs. But compared with higher-cost western states like California, Idaho is still an appealing place for companies to set up shop, and new businesses should help lift the broader economy. Technology has displaced lumber as the biggest private-sector source of jobs in Idaho, which will help soften the impact of a prolonged drought in construction.
Mortgage delinquencies fell in March for the second month, according to an article in the Wall Street Journal. It could signify or a turning point, or it could merely be in keeping with the trend for this time of year.
The Boise-based nonprofit is now accepting nominations for their sixth annual Grow Smart awards.
From the press release:
Idaho Smart Growth’s Grow Smart awards recognize the innovative work of communities, builders, planners, architects, organizations, and developers whose work exemplifies smart growth principles. This annual awards program highlights leading projects that keep our communities vibrant and our lands healthy, and provides the general public as well as professional peers the opportunity to celebrate and inspire one another.
It's that time of the year again: the Boise area Parade of Homes is May 1-16. And we can't recommend a better place to look for model homes, participating builders, locations, times and more than BuildIdaho.com
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Boise's Best Real Estate is an independent team, owned and operated by Leigh Wilson and Ed Elam, at Keller Williams Realty Boise (Idaho)
