Having trouble getting your home to sell?

The questions to ask yourself, in order of priority, are:

Is my home priced correctly?
Is my home being marketed using a variety of methods?
How does my home appear to an objective third party?

Let's address the pricing question in today's post.

Simply, the sale value is determined by what a buyer is willing to pay in today’s market based on comparing the property to others sold in that area. All homeowners experience pride of ownership. This is how we should feel! This doesn’t mean that buyers will be willing to pay top-dollar when we’re ready to sell.

Here are three common pricing errors:

What you need for your home or property.
What you paid for your home or property.
The cost to rebuild today.

Unfortunately none of these will help you accurately price your home to sell. Maybe you've learned this the hard way? The good news is, when sellers DO price their home appropriately, they do sell. Two of our listings closed in the last two days and another three are pending. These are sellers who decided to be realistic and objective, and it paid off!

Labels: Pricing, Real Estate

Boise is still an attractive market for serious investors and NuWire Investor knows it.

"With an average of 234 days of sunshine a year, Boise has begun to shine in other ways as well. Residents and investors alike are attracted by the weather, recreation, sports, job opportunities and family friendly atmosphere."

We were interviewed by contributor Marie Langhout for the article.

Take the time to read the whole article (must log-in for a free 30 day trial). If you absolutely don't want to do this, let us know.

Labels: Boise, Investment

The bad news first: Some markets are depreciating at record rates.
"But Portland, Oregon, Boise, Idaho and Spokane, Washington in the Pacific north-west have been added to the top 25 markets for their rapid growth and healthy local economies. "

Boise, Idaho, is Number 16 on the list of 25 Fastest Appreciating Markets.

According to HousingPredictor.com, "...despite news reports that the entire nation’s housing markets are depreciating, many states have housing markets that are appreciating strongly."
A past client of ours, now living out of town and exploring the possibility of a job transfer, expressed concern about buying in Boise now. What if homes start to depreciate and by the time the job contract ends, they find themselves upside down?

The odds of this happening are very slim. Boise has successfully navigated the choppy real estate waters in the past, steadily appreciating even during slumps, and every indication is that it will continue to do so.

But you can look at the numbers for yourself: We have an internal spreadsheet available that overviews home appreciation in Ada and Canyon Counties (broken down by region, e.g. NW Nampa, East Boise, etc) from 2002 to the present. Contact us if you'd like a copy of that spreadsheet.

(Did you notice another Northwestern market that is providing excellent opportunities for investors?)

Labels: Real Estate

Occasionally we partake in what we call "shameless client promotion," especially when we have something special to promote.

If you're a buyer who appreciates pride of ownership or is tired of uniform housing we think you should have a look at this immaculate Lakewood home.

Architecturally appealing, updated and featuring a park-like retreat in the backyard, this one won't disappoint.

This Sunday (07/15) from 1:00 - 3:00 you have the opportunity to tour this lovely property at 784 E Bridgewater.

Click here to learn more.

Labels: Open House, Real Estate

A property attracts the most interest from the real estate community and potential buyers when it is first listed; therefore it has the highest chance of a sale when it is new on the market.


As the graph illustrates, pricing your home or property correct at the beginning (timing) is the key to selling in a very competitive market.

Remembering that buyers determine value helps you be realistic when pricing your home. Unfortunately, what you need for it, what your neighbor says you can get for it, or what your uncle's cousin's best friend thinks it's worth are irrelevant.

If you want to be sweet-talked, we probably aren't the team for you. We'll be very up front with you about what you can reasonably expect to get for your home, and we'll take the time to research and compare properties recently listed and sold and provide market trends to effectively position it. And we'll explain how we got there.

But you have to be ready to do your part: Price your home correctly when it's ready to be listed...not six months after it's been on the market.

Labels: Listing, Pricing, Real Estate