Posts Tagged ‘Boise Area’
The Boise real estate market has taken a hit just like every other market in the country, but there still has to be people that have to move and people that have to sell. Then there are the people that want to buy or sell because they just can’t pass up the great deals that are out there.
Some areas of the Boise real estate market are holding value better than others.
The Southeast Boise real estate market is doing pretty well considering the times and if you are looking to buy in the SE Boise area, you probably will not get quite as good of a deal as you would if you were to go more to the west.
The other areas that are close to downtown Boise are holding up pretty well too. Location, location, location is what you always hear with the Boise real estate market, and it really comes into play in there down market times. If you are looking to live in the Northeast Boise or North Boise you might not get quite as good of a deal. Boise.
If you are really looking to purchase and get a great buy. If you want a great deal in a great location, look at West Meridian. There is a ton of new construction there that is sitting empty and homes that are going to foreclosure. Some great deals will be in subdivisions like Paramount, Lochsa Falls, and Bridgetower Subdivisions.
The Star and Middleton, which area about 10 miles east of the primary market are really ripe for the picking. Because of these cities being out of the way a bit and a lot of new construction that is vacant, you can find some excellent buys here. There are homes that were originally listed for 1.1 million that are on the market for less than 500k, and homes that were originally 400k that you could pick up for 250k-300k.
Foreclosed (bank owned or R.E.O.)are abundant, but you will find that many of them require that you make some improvements such such as the usual touch up and sometimes some carpet. Some are left in exceptional condition and others are missing all fixtures and smell like pet pee. Interest rates are amazing right now. On Friday some banks were offering 5.25% for conventional purchases. A great rating for your credit is over 720 and if you put down 20% you will be getting the better rates.
There is financing available out there. The options are less attractive for investment purchase and refinance, but I found a bank that is offering amazing deals. You can even find 100% loans still out there, but 95% is more typical!! It’s called Rural Development or R.D. and this loan is a federally secured loan. These loans are available for properties in Kuna, Star, and Middleton. Also, still available but not sure for how long is IFHA 100% financing for people with good credit.
The program is called “Good Credit Rewards.” FHA financing is available with a 3.5% down payment which is an achievable goad. If you have yet to purchase and are waiting on the sidelines, it will probably be a good time for many months to come. Whether you are going to buy in Boise, Eagle, Meridian, Nampa, or somewhere else, make sure that you have all the information on the market that you need to make the right decision.
Ben Janke is a Realtor in the Boise market and has written a book that saved one couple over $27,000 in one purchase from one tip in the book. Make sure to get your copy and download it at Boise Real Estate
Search for beautiful homes in Boise using our local multiple listing service for Boise Idaho real estate Jim Johnston. More than 5000 properties available to you with one simple click. Houses, apartments, condos and rural properties available. Articles on handling real estate transactions, real estate news, and mortgage and finance information for house purchase.
Whether you are a first time buyer or an experienced investor, you will find useful information about how to choose the “right” property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today’s market. A number of recreational opportunities are available in Boise, including extensive hiking and biking in the foothills to the immediate north of downtown.
Downtown Boise is Boise’s cultural center and home to many small businesses and several high-rises, and has an array of shopping and dining choices. The City of Trees boasts one-of-a-kind museums and urban parks, a river flowing through the heart of the city and a 25-mile river front greenbelt. Located along the Boise River and nestled against foothills of the Rocky Mountains, our city offers many outdoor activities to local residents, from skiing at Bogus Basin Ski Resort to biking on the Boise River Greenbelt to boating at nearby reservoirs.
The Boise area has it all – desert, rivers, mountains and lakes for hiking, camping, kayaking, river rafting, hunting and fishing. Idaho is a Rocky Mountain state with abundant natural resources and scenic areas. Idaho has two distinctive sections: Northern Idaho and Southern Idaho. Both are equally as beautiful and exciting, but each offers a different type of landscape.
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..Not What I Wanted.
Asked by:stranger