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AA Realtors
Offices in Boise | Meridian | Nampa Cell: 208-870-7010
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Tips for Before You Close…
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Thank you for once again visiting my Boise Realtor blog and website! In this article I will go over some of the last minute items you might want to keep an eye on while doing your final walk through. Closing on your new Idaho home can be one of the most exciting times of your life, a new beginning in a new home – what could be better!? But it is before the final paperwork is signed that you have the chance to make sure all your ducks are truly in line; a final walk-through is one of the best ways to do just that.
There’s no putting it off, there will come a time during your home buying process when you will need to do a final walk through of the home before closing. Usually about a week before you close on your new home take the time to visit it one last time before it’s yours – this is a great opportunity to spot any last minute items that may need attention. Check to make sure the terms of your contract have been met and that the condition of the property has not change significantly since talks began. It doesn’t hurt to bring your a copy of your purchase contract as a reference guide during this visit as it can help you track down the little details without losing sight of the whole picture.
Here are a few things you should be on the lookout for:
1. Major appliances: Be sure that any items that were to remain in the home are still there, and that they are in good working order.
2. Major systems: Do the air conditioning, heat, and plumbing still function properly?
3. Repairs: As part of your purchase contract, the seller may have been required to make repairs. Be certain that these have been completed, or that the seller has a written timeline for when the repairs will be completed.
4. Walls and floors: Has any damage occurred to the floors or walls during the sellers move? Were rugs, artwork, or carpets covering water damage that was not disclosed? Dings in the walls?
5. Screens and Storm Windows: If it is the season for these items to be in storage, be sure they have indeed been left in storage and that they are in good shape.
6. Remotes: Garage doors, alarms,and sound systems likely all use a remote, some of which can be very expensive to replace. If these items were part of your agreement, be sure they have been kept with the house.
7. Cleanliness: The home should have been cleaned and all debris removed. Moving is stressful enough without having to clean up other peoples mess the first week you are there.
8. Fixtures: Light fixtures, curtains, and other items that were agreed upon should still be in the home. If they are not, let your agent address the conflict.
9. Landscaping: It may seem hard to believe but yes, some sellers may try to run off with your shrubs and plants! Check your contract to see what is supposed to stay; if plants were taken, let your agent handle the situation.
10. Exterior: Has there been any storm or other damage to the home since your inspection or first visit? Be sure to visually inspect the exterior of the house for damage. Once you have signed on that dotted line, the house is yours — and that could mean storm damage and all.
Closing time can be very hectic. Take the time for your final walk-through. It’s the smart thing to do in order to make sure no last minute items have been forgotten and that nothing has changed regarding the property during the time since your first visit.
Looking to buy that new home in Boise? Maybe you aren’t sure if you qualify for a home? Contact me Larry Stevens of AA Realtors Boise to find the Boise home you have been dreaming of!
Tagged: boise homes, boise id homes, boise idaho realtor, meridian idaho homes, Meridian Idaho Real Estate, nampa idaho homes
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Consumer Confidence is High
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Thank you for once again visiting my Boise Realtor blog! This real estate blog is just part of my outstanding Boise Idaho Real Estate services which I provide to help keep my visitors aware of news in the real estate market. Whether you are looking to buy a home in Boise or sell your current Idaho home I can help! Contact me to find out how a qualified Boise Realtor can help you – in the meantime enjoy reading this great real estate news about the latest market trends:
Consumer confidence plays a huge role in economic recovery, it’s a basic rule we all can understand: people just aren’t going to buy anything in an economy where they don’t feel safe – this holds especially true in the real estate market where such large amounts of finances are involved. A new national poll holds some encouraging new for the months ahead.
The survey was conducted by the Certified Financial Planning Board of Standards in early July, and involved interviews with a statistically representative sample of more than one thousands households.
This survey revealed that despite nervousness about the stock market and unemployment some 66 percent of all consumers believe the economy will hold steady or even improve over the next six months. Eighty-three percent believe their own personal finances will get better or at least hold as is.
According to researchers most consumers are looking for a “long and slow return to economic growth”, meaning slow gradual improvements in major sectors of our economy including home sales and real estate.
Does that slow and steady theme sound familiar (to anyone other than the tortoise or the hare) ?
Without a doubt it is old territory to real estate analists at MDA DataQuick in San Diego. Their latest report on the housing markets of Souther California describe a “continual slow crawl towards normalcy”.
It might seem sort of hard to get excited about that news, but despite its slow progress: it is in fact progress in the right direction even though home sales in that area only rose some seven percent.John Walsh, president of MDA DataQuick, said the market there is still “out of kilter” by historical standards – with lots of foreclosures and short sales acting as a restraint on prices. However despite all the challenges more money was spent last month in SoCal than in the past two years, and more money was also loaned for home mortgages.
This is highly significant as the six counties of southern California are often considered the “canaries in the mineshaft” for the housing markets nationwide. They were hit extremely hard during the recession and they still have a long way to bounce back, but it IS happening.
Meanwhile there are growing indications of similar patterns underway in other major markets around the country — even some gains in home values. According to Corelogic, a large real estate date company, found last week that prices on a national basis are now 2.9 percent higher than they were this same time last year, including distressed sales! Prices overall were up in 60 of the top 100 real estate markets nationwide which is a big change from a year ago when all 100 were negative.
There is hope! That light at the end of the tunnel just might not be a train after all! And while the increase of home prices and sales is good it should also be a signal to you, the prospective home buyer, in the fact that the historically low home prices you’ve been seeing may be slowly on their way out! NOW is the time to buy!
Don’t delay – buy your Idaho dreamhome today! Contact AA Realtors Boise to find the home you have been looking for quickly and easily and to find out the difference working with a professional Boise Realtor can make!
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MERIDIAN IDAHO SELECTED AS ONE OF 10 BEST TOWNS
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Meridian, ID – (July 7, 2010) – Meridian, Idaho was selected by Family Circle magazine as one of the 10 Best Towns for families. The announcement was made today based upon the magazine’s annual efforts to identify communities that are the perfect place to call home.
“We are excited to have our community selected by Family Circle as one of the 10 Best Towns for families from cities and towns across the country. We have a strong public school system, quality parks, a low crime rate, and much more. Meridian is a premier city to live, work and raise a family,” said Mayor Tammy de Weerd. “This acknowledgment is a reflection of the role that all of our great community partners play in making Meridian a place to call home.”
The results will appear in the August 2010 Family Circle magazine available today, or online at www.familycircle.com. With a circulation of 3.8 million and 20 million readers, it is one of the most widely read monthly magazines in the world.
The City of Meridian is located at the center of the Treasure Valley in southwest Idaho, minutes from the State Capitol. Founded as a farming community in 1893 and incorporated as a city in 1903, Meridian is now one of Idaho’s largest and fastest growing communities. As the home to many young families, Meridian is a vibrant community whose mission is to be a premier city to live, work and raise a family. For more information about Meridian, visit www.meridiancity.org.
GREAT news for Idaho and for Meridian! Your Boise Realtor is proud to share this great news about one of Idaho’s premier communities! Looking for homes in Meridian Idaho? Contact AA Realtors!
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Federal Home Buyer Tax Credit Extended
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Your Boise Realtor Larry Stevens is proud to announce some good news for Idaho home buyers in the process of buying their homes! As most of you know the best way to get a great deal on your next home in Boise is to work with a experienced Boise Realtor who knows the real estate market and is familiar with the local real estate trends here in Idaho. A skilled Realtor will be informed on the latest laws, incentives, and regulations that you need to know about to avoid home buying pitfalls and get the very best home for your hard earned dollars. Congress announced some great news if you are already in the process of closing on your Idaho home, let’s take a look at that news now:
Congress has extended the deadline for the popular home buyer tax credit by three months. The extension is only for the home buyers who signed a purchase contract by April 30 and need extra time to close their deals. The deadline to close was Wednesday and the extension will push that deadline to Sept. 30. This incentive offers up to $8,000 for certain buyers.
Backlogged with the number of people trying to close their deals by the previous deadline, Real estate brokerage offices and mortgage lenders lobbied heavily for the extension. They estimated that the extra time would assist some 180,000 people nationally who qualify for the credit but did not appear as if they would meet the Wednesday deadline to close their deals. This extension will greatly help people in Idaho and across the country who qualify for the incentive but whose deals have been delayed from closing through no fault of their own.
There are a lot of people in short-sales transaction where the escrows take a lot longer than is often expected. Most of the delays are because of lenders taking a little longer to get loans, or getting approval from short sales.
The federal home buyers tax credit was created in 2008 by the Bush administration as a $7,500 incentive for first-time purchasers, who were required to repay the money in a series of installments. Congress increased the amount to $8,000 in February 2009 when it passed the economic stimulus package and waived the repayment requirement. It is estimated that a total of 4.4 million people have received the credit since it was made nonrefundable last year. That includes 2.9 million first-time buyers and 1.5 million repeat buyers. It is hoped that extending this credit will allow many last minute home buyers the chance to get these valued tax credits and to help bolster the real estate market as a whole.
Are you looking for the best homes in Boise online? I can help you find what you are looking for! Visit my Boise Realtor website for the best Boise and Idaho home searches online today! Search by city, price, features and more – you can even use my Dreamhome Program to have homes that meet your needs emailed to you automatically!
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Don’t Walk Away from Your Future
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Thank you for once again visiting my Boise Realtor blog! As part of offering the best Boise Idaho Real Estate services I provide this blog with the latest real estate news and statistics that effect YOU the Boise Home Buyer and Boise Home Seller. These are some of the most interesting and unique times for real estate in Idaho that we have seen in a long time; it is more important than ever to work with a qualified Boise Realtor in order to get the most for your dollar, avoid possible pitfalls, and navigate this ever more confusing real estate market. Let’s go ahead and get to the latest good news for Boise real estate:
Positive news from the real estate market amidst the overall somewhat dismal economic times we are in:
When it comes to single family homes the average sales price of a home in Ada County has gone up by about $6,000. Even better news is that Canyon County has seen that number increased to nearly $12,000, with April’s 573 closings setting a new high water mark in Idaho real estate.
Let’s look a little closer at the sales numbers. While the volume of sales hasn’t returned to the golden levels of 2005 and 2006, these latest figures do show promise. Even though Ada County closings are still down 9% it is likely due to a continued supply of distressed properties saturating the market. Distressed properties went through the roof in Ada County by 48 units – with 56 in Canyon County. Pending sales weren’t all they could be either, but despite those figures things may still be just getting ready for a much needed turn around.
The real estate market is still very much in recovery mode, and other economic factors contribute to that being an even slower process. It may take a while before we see the numbers moving like they were just a few short years ago, but many real estate professionals are confident that we WILL see those sort of figures again.
One massive problem still hurting the state’s chances of recovering faster is that people are walking away from their homes, even if they are employed and are making their mortgage payments. It’s easy to understand their thinking in living in a home that’s “under water”; many see their dreams as being just some empty hole they are throwing money into rather than the sound investment it may have seemed to be not that long ago. These people need to take a deep breath and look at the longer term market, yes things are very difficult now, but their homes are still very able to be worth their investment once the market returns. It’s hard to realize values WILL go back up, but this market that took so long to build up simply will not bounce back over night. The best advice is that if you are in a home, and are making the payments, buckle down and ride it out – you will only end up ahead of the game in the long run.
Are you looking to make the most of this Boise real estate market? Home prices and mortgage rates will not stay this low for long! Get in on this most promising market while the numbers are still in your favor! Contact Larry Stevens of AA REALTORS BOISE today to find out the benefits of working with a knowledgeable Boise Realtor !
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It’s interesting times for Boise Idaho Real Estate – both good and bad all around. As part of my Boise Realtor services it is my duty to help keep my clients and other potential Idaho home buyers informed on the latest real estate news and developments going on in the market today, and I strive to do just that through my Boise Realtor Blog. In addition to new loan structures coming available from IHA there are also some new rules for real estate lenders from Fannie Mae that could severely effect the closing of your home. Here are the details of that latest change:
Idaho Home buyers and their agents have to be aware about the dangers of added balances to credit lines or opening new lines of credit shortly before they close escrow on their new homes. Most specifically it is wise to avoid these sort of activities during the period of time between applying for the loan and closing. New policies under Fannie Mae’s somewhat questionable “Loan Quality Initiative” that went into effect June 1 of 2010 requires lenders to “refresh” a borrower’s credit report just before closing — if buyers aren’t conscious of this that new skidoo just might sink their ship!
Let’s look at an example: Joe and Cindy are excited to offer on a home in Kuna they just love. They realize going in that they might be over-extending themselves a little but their loan officer has pre-qualified them with confidence that they will receive total loan approval without issue. Joe and Cindy’s formal loan approval comes in and they are thrilled with the prospect of their new home coming true, and in anticipation they visit the local furniture store to purchase (see: CHARGE) a new bedroom set, dining room, and sofa for their new spaces. It’s a little costly but they aren’t worried as they figure they can pay it off in a timely manner – Joe and Cindy are very credit conscious. What could possibly go wrong!?
That’s where the big bad wolf usually strolls into the story isn’t it? According to the new Fannie Mae guidelines the lender will run an updated credit report on Joe and Cindy just before closing. With their new high-end furniture their credit balance has definitely gone up and Joe and Cindy no longer meet the required debt-to-income ratio in order to qualify for their loan. The loan is pulled out from under their feet and their dreams of owning that new home crumble.
Fannie Mae’s “Loan Quality Initiative” was introduced in a letter to lenders February 26,2010. In this letter it was noted that during the past three years the need has been elevated for “an improved approach for working with lenders to deliver loans that meet Fannie Mae’s underwriting and eligibility guidelines”. To put it plainly, the loans that had been given to Fannie Mae previously too often turned out not the meet their guidelines. Sadly, this tended to be discovered well after Fannie Mae purchased the loan which of course but their own profit earning on those loans in jeopardy. The idea of this new initiative is to focus “on capturing critical loan data earlier in the process and validate it before,during, and immediately after loan delivery”. Yes, my friends, big brother IS watching and they want to know if you bought that 56 inch plasma flat screen instead of shelled over that cash to them.
The qualification of the borrower was not the only issue of concern. Among other items were determining owner occupancy (how many people you have living in a house), verification of social security numbers (are you who you say you are?), updated quality-control requirements (tracking), and a new policy on excluding certain entities from Fannie May loans (???).
To be quite honest, Fannie Mae guidelines should not require updated “refreshed” credit checks to be performed for borrowers. Fannie May states that “it is the LENDER’s responsibility to develop and implement it’s own business processes to support compliance with Fannie Mae’s requirements on loans delivered to us”. While it seems like Fannie Mae wants to set their own rules or take their toys home and cry if we don’t all play by their rules they do state in the same memo a few tips for lenders to consider: like refreshing the borrowers credit report just prior to closing.
Is it likely that a lender who sells its loans to Fannie Mae is going to ignore such tips? Uh, NO.
Their tips show that not only might a refreshed credit report show newly acquired debt but also that is might show new credit inquiries as well.”Credit inquiries listed on the credit report should be investigated to determine whether the borrower did in fact open additional credit resulting in repayment obligations.” You might want to wait on getting that new car or toy til AFTER your house closes.
Some say that given recent events it is unreasonable to fault Fannie Mae for tightening their grip on procedures. Buyers need to remember that loan approval is based on statements of income and liabilities at the time of the loan application and if those factors change prior to closing it is likely to be found out and could very well undo any dealing.
Knowing the in’s and out’s of Idaho real estate is just a small part of being a qualified and experienced Boise Realtor. AA Realtors Boise has been helping people buy and sell real estate in Idaho for years and we have the knowledge and experience you need to make your next venture in real estate a success. Don’t hesitate to contact Larry Stevens today to start looking for a home in Idaho that suits you, to find out if you qualify for a home, or even just if you have questions about real estate in Idaho.
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June is off to a flying start and there’s never been a better time to be in real estate in Boise Idaho than right now! This real estate blog is part of my Boise Realtor services to help you stay informed on real estate market trends, local Idaho real estate news, and more! Working with a qualified, experienced Idaho Realtor can make all the difference in your next home purchase or sale. Let’s go ahead and get right to the real estate latest news you need to know:
Looking at the latest housing numbers released last week by the Commerce Department and the National Association of Realtors, one has to say that we definitely are seeing some improvement and are on track for an amazing year in real estate sales.
Single family median home prices are up by 4.5 percent for the year. Even in the Midwestern states, where the recession has been an anchor on real estate longer than other regions , prices have jumped by 6 percent.Resales of houses and condos in April were up by almost 8 percent – and now are 23 percent higher than they were the year before.Sales of newly-constructed homes also soared in April, up 15 percent. They’re 48 percent higher than April 2009.
So is there no need for concern? Isn’t all this great, super news for Realtors, home buyers, and real estate developers alike? That there will be no feared “double-dip”, or a fragile bottom waiting to drop out from under the market and send it into the economic sub-basement?
That’s right! These newest figures ARE great news, verging even on the extraordinary….but.
There is a little perspective we need to gain on the situation, the new numbers are great for a reason.
Most economists agree that April sales totals, maybe even March, are distorted upwards because of the expiring federal tax credits, padding the results with a little good old fashioned blue light special frenzy! Thousands of home buyers rushed to complete their contracts in the past two months to get the federal credit before it disappeared.
No one is debating that some real estate purchases were accelerated. “The upswing in April sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback ahead.” said Lawrence Yun, chief economist for the National Association of Realtors.
Many economists and market experts warn that we may see sales fall to another low for a month or two, even during the regularly very active summer months as a natural feedback reaction to the tax credit rush. Regardless of which most agree that in the longer term, if the overal economy can continue to rise even slightly we should see an excellent return to upward moving statistics. Not only do consumers have growing confidence in the economy and their own incomes, but as Yun points out: home buyers no longer fear further price declines — and that’s a crucial turning point in the cycle.
AA Realtors Boise has been helping people in the Treasure Valley buy and sell real estate for nearly two decades. We have the knowledge you will need to make your next Idaho real estate venture a success – whether you are a first time home buyer in Boise or a real estate investor in Star Idaho we can help you make your next move the right one!
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Thanks for stopping in to read my Boise Realtor blog! One of the best ways to stay in touch with my clients and share important real estate news is through this online portal. It plays just a small part in my overall Boise Realtor services that I provide online . In this entry we will go over the recent home sales statistics for April, the numbers and what they mean to the real estate market as a whole. Let’s get right into the latest:
Sales of newly built homes soared in April as buyers rushed to take advantage of the expiring federal tax credit.The Commerce Department said Wednesday that sales of new single-family homes rose 14.8% from the prior month to a seasonally adjusted annual rate of 504,000.
Demand for new homes had also surged in March, when sales climbed 29.9% from the prior month. Sales in April were 47.8% higher than a year earlier. This is GREAT news for real estate as the “hot” months for home sales are just getting started.
Very likely the recent surge in home sales is the result of expiring government incentives, which provided an $8,000 tax credit for first-time buyers and a $6,500 credit for repeat homeowners.
Contracts for those homes had to be signed by April 30. Buyers have to complete purchases by June 30.This bright light shows that the housing market is stabilizing after both sales and prices plummeted during the recession. Sales of existing homes, a far bigger number than newly built homes, jumped 7.6% in April, the National Association of Realtors said earlier this week.
Good news for the construction industry as well as sales of new homes are also picking up. Starts for single-family homes rose 10.2% in April from March, the fourth-straight monthly rise, Commerce said earlier this month.
Some economists say the April tax-credit deadline spiked many sales that may not have been made without the tax credit. Some worry that could cause home sales to sag in coming months, but generally these Spring months are just the beginning of an upward rise in sales which trends to increase into the early Winter months.
The increase in sales brought the backlog of new homes down to five months, based on the current rate of sales, from 6.2 months in March.The median price of a new home fell to $198,400 last month from $219,600 in March, which is aslo likely influenced by the tax credit.
Even without the federal tax incentives there has never been a better time to buy a home in Idaho than right now. Mortgage rates and prices are still at historic low levels and whether you are simply looking for a great home in Boise or wanting to invest in Idaho real estate – now is the time! AA Realtors Boise can help you find the homes and properties that fit your needs quickly and easily. We can help you make your next move the right one!
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Bad Home Improvement Ideas
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Thank you for once again visiting my Boise Realtor blog! In this installment we will discuss the value of home improvements for potential home buyers and how making the wrong home improvements to your Idaho home can end up costing you twice: once when you pay to have them done, and once more at closing time. This sort of information is just a sample of my Boise Realtor Services that I offer my Idaho Real Estate clients. Understanding what factors can affect your homes selling price, especially in this difficult market, can make all the difference in coming out ahead or ending up with empty pockets on what could be a large investment of time and finances. Lets get to the info…
One of the first things people recommend when asked how to increase the value of a home is to renovate, add features, or upgrade the features. While this is good general advice, you need to be careful, some home improvements could actually end up costing you more than they are worth. You see, when it comes time to sell, those improvements may do nothing to increase the value of the property and may even turn off potential homebuyers.
Over-the-Top Might Push You Over the Edge
Not all renovations will raise the value of your home. Bigger is not always better, and sometimes less IS more.Unless your home is located in Beverly Hills or some other very posh neighborhood, don’t install the bathroom with the supersized steam shower, flat screens over the toilet, or gold plated fixtures…unless you have money to do burn for your own pleasure and enjoyment only. Those kinds of improvement doesn’t typically do anything to increase the value of the average home, and may actually not be what the potential buyers are interested in — translating to extra costs for them.
Real estate professionals suggest that homeowners pour over local home listings to see what amenities are the standard in your area, then upgrade your home to meet it. Overdoing it in the end may only cost you more cost out of pocket and at closing time.
Swimming Pools, Movie Stars
While they are a great feature, especially if you love to swim, a pool may not be the thing to draw in hoards of potential buyers. Some may consider it a perk, but others may perceive it as more trouble than it’s worth when they consider the upkeep and maintenance of keeping it clean.
It’s not uncommon that some homeowners even pay to have their swimming pools buried to create more yard space. Putting in a pool to try and help raise the value of the home could be a huge investment with very little, or possibly even negative returns.
Not Everyone Wants a Home Office
A home office can be a great feature, if you work from home, or own your own company. If you are planning to add an office as an upgrade build it with frugality as potential home buyers very likely will have a different use for the space in mind. Don’t steal usable space from another living area to create a home office. If you do add an office, or renovate the existing one,make sure the space can easily be converted back into a bedroom or other living space if needed.
Unique Construction
These can range from exotic texturing on the walls, curved corners, to wild Star Wars themed bonus rooms (complete with Death Star disco ball dance floors! ). While the builders love these for their
models and parade homes you very definitely want to consider how much you design the spaces to cater to your specific tastes – which likely will not match those of potential homebuyers. (altho who wouldn’t want a Death Star disco ball, right!? )
Avoid making outlandish changes to your home or changes that will be perceived as adding work for a future homeowner to change on their own. Don’t be tempted to incorporate these ideas into your own home, unless you don’t plan on selling anytime soon. Homebuyers may not share your enthusiasm when they are tearing down walls and putting in different flooring.
Raise the Roof!
If your roof needs repair, don’t hesitate to have the work done. It will be one less issue you’ll have to deal with when listing your home. However simply replacing a perfectly good roof with something more custom like cedar shakes or clay tiles, while attractive, may not work in your favor as even though they add appeal to the homes appearance they are not something potential buyers will necessarily see as being worth paying extra dollars for. Keep it simple when preparing your home to be listed on the real estate market, make the upgrades and improvements that make sense and will carry over into actual return on your investment.
Need help selling your home in Idaho? Maybe you are worried that the real estate market may be still too volatile to make back what you have invested in your home and so you are thinking you’ll ride it out. Idaho Real Estate is on the move! As one of the top growing cities in the country, and a top rated region to live in, it’s a great time to sell your home. Contact Larry Stevens of AA Realtors Boise today to learn more about how a qualified and experienced Idaho Realtor can help you get the most for your home!
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5 First Time Home Buyer Costly Mistakes
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Having an experienced, skilled Boise Idaho Realtor can help make all the difference in the kind of home buying experience you have. A knowledgeable Realtor on your side, with your best interests in mind, can help you avoid serious pitfalls and mistakes that you might not even know about! Here are some quick first time home buyer tips to help you avoid some of the most basic mistakes:
Buying your first home can be a daunting experience. Here are five common and costly mistakes that novice home buyers make:
1. Ignoring the costs of having a low credit score. Lower-score borrowers pay thousands of dollars in increased interest rates over the life of the loan. It may be financially more beneficial to rent for another year until you can take your credit score in hand.
2. Muddying the waters by shopping for other things before closing. Lenders continue to check credit scores right up until the time of closing. Too much shopping could cause the lender to take back the loan. If you are looking into getting your first home it might be a bad time to buy that new ski-doo or car.
3. Scrimping on an inspection. Being surprised by the need for expensive repairs can be financially devastating. Getting a knowledgeable inspector can help save you thousands down the road.
4. Buying without contingencies. Buyers should give themselves an out if the inspection turns up problems or the bank raises the interest rates. Always, always have a backup. You don’t want to be forced into buying a home with lots of problems if the inspection comes back with poorly.
5. No money for insurance. Insurance can be surprisingly pricey. Buyers who don’t budget for it can face a nasty surprise. It’s not a matter of IF it’s a matter of when: you will at some point or another almost certainly need insurance for your home and not having it can truly be financially devistating.
The best way to avoid home buying mistakes is to work with a qualified Realtor like Larry Stevens who knows the business of real estate in Idaho. AA Realtors has been helping people buy and sell their homes in Idaho for years and has the experience and knowledge to make your next move the RIGHT one!
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