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Boise Idaho Real Estate Blog

Idaho First Time Home Buyer Programs

Reality Check: You’re Already Paying a Mortgage. Monthly rents have shot up throughout the area and now more than ever, folks realize that the amount of rent they’re paying every month could easily be paying an actual mortgage – for a home you own. There are many Idaho First Time Home Buyer Programs that can help you do just that.

National Programs & Grants

FHA

A significant portion of first time home buyers will utilize an FHA (Federal Housing Administration) loan. An Idaho FHA loan is a loan that is backed by the government and buyers are required to put down at least 3.5% of the loan amount in order to purchase a home. Let’s face it, 3.5% can add up. What most people don’t know is that there are Idaho first time home buyer programs out

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Single family homes sold in the Boise real estate market for the month of July totaled 451. Compared to July of last year, this is an 11% increase compared to the 418 homes that were sold. Last month in June, we had a total of 518 homes sell so we should continue to see this number decrease as the year progresses. The summer months here in our market tend to be the busiest all year and as summer winds down, people are looking to get settled in prior to the start of the school year which is the end of August.

The Boise median home price for homes sold in July was $204,500, this is a 9.7% decrease from the median price we saw in June at $210,000. The median price per square foot in July for a home would set you back $124 per square foot. Last year in

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The City of Trees offers over 100 parks throughout the city, so there’s no shortage of options to help you get out and enjoy the fresh air and open space. With great weather and recreational opportunities here, we’ve rounded up some of the Best Boise Parks to visit.

Ann Morrison Park urban park located within the Downtown Boise Area. Ann Morrison Park is a 153-acre park and is situated alongside of the Boise River. During the summertime, the park is the drop off destination for river floaters. Throughout the year the park is host to several events including the popular Boise Balloon Classic in August. Ann Morrison Park is a staple for all things recreation here in Boise offering softball, football, volleyball, tennis and soccer fields, and playground.

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In Ada County, rental vacancy rates increased by 1 percent to 3.8 percent in the 2nd quarter of 2015.  In the second quarter of last year vacancies stood at 3.7 percent. Single family properties saw the greatest increase in vacancy rates from the last quarter. It’s important to keep in mind, single family vacancy rates are considerably lower than the 5.4 percent we saw in the second quarter of 2014.

Rental market trends for the first half of 2015 are showing multifamily and single family vacancies continue to increase. Rental rates increased slightly for single family homes, with an average of a $9 increase. There was an overall decrease of $31 in rental rates for multifamily homes. On the average, Ada County showed an $11 increase in rental rates over

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How to Choose a Realtor to Sell Your Home

So you’ve taken that job offer in another state, or perhaps you’ve simply outgrown your current home. You spent time personalizing and making the home yours and chances are, you remember the day you bought your property, signed all your documents and got your keys.

Depending on the circumstances, it can be an emotional time for someone to sell their home, but the time has come to put the property on the market. So the question is… how to choose a Realtor to sell my home?

Not only is it the home itself that sells the property but choosing the right listing agent to get the job done is of utmost importance. I can’t stress enough how the experience of selling your home can be the difference between night and day depending on whom you choose to sell

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You are now an expert on how to buy a house – you went to open houses, put in offers and found the home of your dreams! Fast forward to the closing, the end of the road of your home buying experience. Now you’ve found yourself in a conference room- pen in hand, ready to sign away. While the closing home timeline varies for every closing, most likely in the next couple of hours, you will officially be a homeowner!

What is a Home Closing? In simple terms, a closing is where the home purchase is finalized and ownership of a property is transferred from seller to buyer and made official with the county.

Things to Expect During the Closing Process

Your lender will send all the mortgage paperwork to the title company- who acts like an impartial 3rd

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Single family home sales in the Boise real estate market for the month of June totaled 568. This is a 12.5% increase in Boise home prices, versus the 454 homes sold in June of 2014. Median sales price for June was $218,750 which is a 10.76% increase from last year at $203,250. The median price per square foot for a single family home was $128.

Median days on market is still very low at only 13 days however this is an increase from May which only saw 8 days on market. This time last year, average days on market was just 16 days. Right now in Boise we currently have 2.05 months of inventory available. This is a decrease from the 2.43 months we had last month.

New homes sold in Boise totaled 57 units. This was five more units than this time last year

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How To Buy A House When You Have Never Done It Before

It’s taken some deep soul searching, but you’ve finally come to the conclusion that you’re tired of giving a large sum of money to your landlord every month and not having anything to show in return. Congratulations- you’re on your way to becoming a homeowner!

Now the question remains, how do I get started? Maybe you’ve poked around at what’s for sale on the internet and have seen homes that you think would be a good fit, but where to begin? While there’s tons of information about how to get started on your new home search I’m going to break it down for you in 6 easy steps to help you on your way from becoming a first time home buyer.

Ask yourself, “what is owning my own home worth?”

Meet with a Real Estate Expert

Not to toot my own horn,

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Ten Most Common Home Inspection Items

As life events go a Home Inspection, whether buying or selling a house, can be one of the more stressful ones. No matter where you’re at in the process, as a buyer- once you’ve written your offer or as a seller once you’ve received an offer the next step is for the home to be inspected.

For home sellers- it’s not required, but suggested you have a pre-listing home inspection done prior to listing your home for sale. A prelist inspection of a home can provide peace of mind knowing that any unknown issues could come up makes for a smooth transaction.

No matter how long you’ve lived in your home, you may have items that should be repaired prior to listing your home. Not only may it come up during a buyer’s home inspection but certain repairs may

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Here are the latest updates from your Boise Real Estate Center for May 2015. A look at Ada county stats:

  • 901 single-family homes sold, up 14.5% year-over-year
  • Distressed properties (REOs and short sales) only accounted for 3% of the homes sold, down 50% compared to last year at this time
  • The Median Sales Price was $229,000, up 9.6% year-over-year
  • Available inventory was at 2.8 months, a decrease of 9.7% year-over-year (again, new construction supply was at 5.9 months, while the supply of existing homes was at 2.2 months)
  • Days on market was at 49, which was 2 days longer than last year, due to an increase in new construction market time, at 92 days in May 2015 compared to 76 days in May 2014

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