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In the Boise Idaho real estate market you either win or lose when you buy. It is very easy to win if you know what to look for. Learn the 5 secrets that most people don’t know when they buy that saved one man $27,500 in one day.

There are 5 Boise Idaho real estate secrets that you need to implement to make sure that you are buying right.

1. Best House Best Subdivision – All over the Treasure Valley, you will find subdivisions after subdivisions, but which one do you buy in? Two Rivers in Eagle, Highlands in Boise, Tuscany in Meridian? I always tell my clients to purchase in the best subdivision in your price range that will hold it’s value or increase in value the best. That means that we are looking a the amenities of the subdivisions, location to I-84, convience for shopping, lot size, and more. If you end up paying a bit more for the best subdivision that you can afford, it is well worth it in the long run. Many subdivisions in the Boise Idaho real estate market offer amenities such as swimming pools, parks, basketball, and playgrounds. If you want even more amenities, some of the newer subdivisions also offer horse stable and trails, walking paths, and a fitness clubhouse.

2. Don’t Fall In Love – Time after time I see people “fall in love” with that one house even though it may not be in the prime location or area. Always revert back to secret #1 when buying because location, location, location is not an overstatement. If that “perfect” house is in a not so desirable Boise Idaho real estate subdivision, it is time to move on. You will always have time to make that house your home after you move in.

3. Where Is The Kitchen – Another part of your resale value and investment value is going to be based on what type of floorplan you go with. Each market around the nation is different and the Boise Idaho real estate market really has some things you want to watch for. Does it have high ceilings, master on the main level, bonus room, lots of stairs, or a small kitchen? These things do make a huge difference so make sure to get with your buyer’s agent and see what is popular now and know where the trends are going.

4. Don’t Buy The Furniture – Buyers have a hard time buying vacant homes for what they are worth and paying too much for homes that are clean and staged. You have to picture every home that you see with your furniture and lifestyle built in. It can be a hard task, but I have seen people pay $30,000 extra for a well staged home and pass up on a great deal on a vacant home. There are a lot of new construction homes available right now in the Boise Idaho real estate market, so don’t be fooled by the lavish decor.

5. Offer Lower, But Not Too Low – What is the market value of the home? That’s what we are shooing to accomplish, correct? If you know what the Boise Idaho real estate market value is, you can determine what you offer is. A couple recently purchased a home in Boise that was $25,000 overpriced, but since they got the owners to come down $10,000 they felt good about the purchase. Another buyer in Eagle, ID recently offered on a house that was priced $40,000 below market value, but since they owner wouldn’t budge on price, the deal fell apart and the buyer lost out big. Your experience buyer agent should be able to steer you in the right direction.

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.