Boise Homes For Sale
This is undoubtedly the best time in years to be buying a home
in Boise, Meridian, Eagle, and Nampa Idaho to live in. There are more
Boise homes for sale than ever. One of the builders in Boise has over
500 homes for sale. That is just ONE builder!
Still, in spite of the fact that there are more Boise homes for
sale than ever, many buyers are frustrated making offers that end up failing.
Even though builder inventories are high, and in fact because they are high,
Boise area builders have to sell for as high as possible. Lowering prices
lowers appraisals and makes the market value of their homes drop. Having
an agent who KNOWS the builders and knows their strengths, weaknesses, needs and
selling strategies is key to negotiation the best price for any particular home.
Just making low offers isn't the way to get the best deal. I know people
who have made up to 17 offers that have all failed to result in an accepted
purchase agreement and have ended up so frustrated they just quit! Other
potential buyers are missing great buys because they find a priced right home,
start the offer process and have someone else step in and buy their dream home
out from under them.
Here are some tips to get the BEST PRICE on the BEST Boise HOME for
Use a buyer agent specialist. We specialize in working
with buyers. We do not seek listings. We have no vested interest
in selling you any particular home.
Determine what monthly payment fits your budget. Not
what you qualify for! We want to know what monthly payment you can make
comfortably without compromising your life style. From that we can help
you determine your price range.
Talk to us BEFORE you get locked in to a lender.
Different lenders have different loan products and especially now it is
important to choose the right one for you. Some areas qualify for Rural
Development loans, like Kuna, Star, and other areas. Most lenders will
not tell you about these loans because they CANNOT do them. We can get
you to who can. Other buyer's may be better with FHA, Conventional, or
IHA loans. We can help you understand loan charges which may very a lot.
Get set on an automatic search to first get all listings that
fit your criteria and then all new listings and changed listings. Then
you will not only see everything that might be YOUR house but you will see the
Have your agent set up another search for SOLD homes in the
area where you want to buy with similar criteria, size, asking price etc.
Then you can determine the ratio of asking price to sold price. You can
see how long homes took to sell and other information that will help you and
your agent make a strategic offer.
Have your agent do a professional market analysis that can be
presented with your offer to the seller to show them why you are offering what
Consider closing costs in your offer. They add up to a
few THOUSAND dollars in most cases. You may want to have the seller pay
them, but then you can't expect them to cut their price as much. It may work
better to put that in your loan if possible.
Have your agent get a listing package so you know recorded
deeds of trust. Often we can find out how much your seller owes, how
much they paid for the home, how long they lived there and other things that
will dictate there ability to negotiate. We find as much as we can about
WHY they seller is selling and what they need so we can collaborate and make
the sale work.
Determine what the home you are buying is worth to YOU.
DON'T talk to the listing agent or home seller directly.
Often people think they can negotiate themselves. Some can but most
cannot. Anything that you tell the selling agent will be told to the
seller. He or she will learn a lot more about you than you want to be
known if you are not very careful. The listing agents DUTY is to get the
best deal for the SELLER. Sometimes, especially first time buyers don't
realize that it costs no more to have your own agent instead of using the
listing agent. It is not legal for the listing agent to change
commission unless it is clearly stated in the listing on the MLS that the rate
is variable and it is very rare that it is. Dealing directly with the
listing agent is usually not in your best interest as a buyer.
Using a large agency does not mean you will get more
information, more listings or better service. In fact, each office has
one designated broker. A small office usually means your agent has a
close working relationship with the Broker who has time to help and can be the
key to unlock some obstacles both during the offer process and the many things
that have to happen to turn an accepted offer into a closed sale.