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Kitchen Updates – Quick and Easy Kitchen Improvements

by Randy Gridley

Kitchen Updates – Quick and Easy Kitchen Improvements

Selling your house is an exciting time. But the preparation can take time and effort. One of the biggest selling points in a home is the kitchen.  Having a great kitchen is very appealing and can help you sell your house more quickly.

If you are hoping to sell your house, one of the best areas on which to concentrate your updating and staging efforts is the kitchen. Regardless of the size and price-range of your house, concentrating your efforts on the kitchen can pay dividends.

Here is a list of quick and inexpensive things you can do to your kitchen to make it more appealing to buyers and get your house ready to sell.

  • Blinds – Make sure you have nice, composite wood blinds that let in light and compliments the kitchen décor. Having a well-lit kitchen is very important but a nice window covering is equally important.
  • Hardware - Bring your cabinets up to date by replacing the hardware. You can find inexpensive hardware in brushed bronze at your local hardware superstore that gives the cabinets a more modern look.
  • Back Splash – Purchasing some cheap mosaic tiles on clearance at your local home supply store allows you to install a back splash that gives your kitchen practicality as well as an updated look.
  • Counter Space – Do you have a lot of floor but little counter space? Maximize your space by purchasing a portable kitchen island that can give you more counter space as well as give your kitchen a homier feel.

With just a few updates, you will have your kitchen more appealing, up-to-date, and ready for sale with just a small investment of time and money. Kitchens sell the house so get your house ready for sale with these kitchen improvements.

Why Is My Boise Home Not Selling?

by Randy Gridley

Why Is My Boise Home Not Selling?

The days seem to drag by when your house is sitting, languishing on the market. With few showings and no sign of an offer coming in, it’s understandable to feel frustrated and anxious. What causes a home to languish on the market while those around it sell quickly?

First, it may be the timing. Some periods of the year are just better for selling homes than others. Boise homes sell quicker in spring and summer than in winter, for instance. 

If none of this is consolation and you’re wondering what steps to take to get the home sold, take a few minutes to consider the following:

1.    The Economy

There’s an old saying among real estate folks: all real estate is local. What this means is that national statistics and market news have little bearing on what is happening in cities across the nation. While Las Vegas is still in the grips of plunging home values and huge numbers of foreclosures, we here in Boise are perched on the edge of a changing market.

So, the first thing to look at is the local economy. How are the employment figures? If layoffs are common, folks may be worried about paying for a house and this lack of confidence keeps them from entering the market. If, on the other hand, the local economy is strong and healthy, something else may be the cause of your home not selling.

2.    Overpricing

Overpricing is the most common reason that a house doesn’t sell. One thing many homeowners don’t understand is that the seller doesn’t determine what a house is worth, the buyer does. So, no matter how much added value you feel the installation of that swimming pool brings to the house, if the buyer doesn’t feel it adds value, then it doesn’t.

Re-evaluate your price. Have your agent check for recent sales in the area and adjust your price accordingly. If the home has been on the market a long time you may need to lower the price below market value in an effort to increase interest.

3.    Marketing

When there are lots of homes on the market and few buyers, marketing becomes most crucial. What is your agent doing to market your home?

A sign on the lawn and an occasional open house won’t get the home sold in a buyer’s market. Ask your agent to beef up his or her marketing efforts by throwing an additional broker’s open house or two and by adding some fresh new photos to the web listing.

4.    Condition

How does your home stack up to the competition? Have you even seen the competition? It’s a good idea, when a house is sitting on the market, to take a look at some of the other for-sale houses nearby. Evaluate how the homes are presented to buyers as well as their condition.

Use this information to make your home stand out from the others. You may need to paint or invest in new carpet. Sometimes small items, like new knobs on all the cabinetry, a coat of paint on the front door and de-cluttering the house is all it takes.

Have you considered staging the home? Studies show that a staged home spends 80 percent fewer days on the market than one that isn’t staged, and it brings in six to 10 percent more money at the close of escrow. 

If you simply don’t have the budget to upgrade the home’s condition or to hire a decorator, your best bet is to cut the price of the home. This should bring it attention from other agents and move it along in the sales process.

Homes for Sale in Meridian, Idaho

by Randy Gridley

 

 

Homes for Sale in Meridian, Idaho < 1 Million

Are you ready to rumble? If you’re planning on purchasing a home in Meridian get ready for multiple offer situations that sometimes turn into all-out bidding wars.

Go ahead; check the date this was written. Surprised? Yes, it sounds like the Meridian real estate market of years ago but it’s happening now, while a lot of other cities across the nation are still experiencing price drops and massive foreclosure rates.

There are several forces at work here in the Meridian real estate market:

 

  • While there are fewer homes for sale in Meridian now than in the past, the number of homebuyers in the market has risen, due mainly to incredibly low mortgage interest rates. It’s supply and demand at work.

 

  • Meridian residents have a higher median income than Idaho’s average and homes hold their value better here than in many other cities. Additionally, Meridian residents have a strong sense of community and neighborhood pride. All of these facts combine to make homes for sale in Meridian in high demand.

 

  • Rents are rising rapidly, prompting many tenants to stop renting and purchase a home in Meridian.

 

Consider New Construction in Meridian

One way to avoid getting into a multiple offer situation is to consider purchasing new construction in Meridian. New subdivisions are either in the planning stages or popping up all over the Treasure Valley. I counted 15 new developments in SE Meridian alone.

I am happy to show you any of the newly constructed homes in Meridian, so feel free to email me or give me call.

Existing Homes in Meridian

As I mentioned earlier, I’m starting to see multiple offer situations on existing homes for sale in Meridian, especially in the price ranges below $175,000. Now, this shouldn’t scare you out of the market. The best move you can make is to go into the process fully prepared to present the cleanest, best offer you can. Here are a few tips:

 

  • Get pre-approved for a mortgage. In a multiple offer situation, the buyer that pays cash typically prevails. If no cash offers come in, the buyer that proves he or she can get a mortgage is usually placed at the top of all other bids.

 

  • Plan on looking at homes at the lower level of your budget, as you may have to come in higher than the list price to win. Some sellers are getting offers that are as much as $10,000 over the list price.

 

  • Make a clean offer to purchase: financing in order, few to no concessions and a fair price.

 

As you can no doubt see, the your real estate agent’s experience has a lot to do with the outcome of your Meridian home purchase. I’m ready to enter the battle with you so feel free to email or call and we’ll get started on finding your ideal home in Meridian.

Facing foreclosure? You may have a better way out!  Click here now!

 

Top 5 Reasons You Want to Hire a Realtor When Looking for Your Next Home

  1. Knows the Market – A Realtor knows his or her market and therefore can help you determine your price range, the neighborhoods that may be best for you, where you can find the best deals, and what is going on with the real estate market at the time. This can benefit you when deciding financing, loans, and down payments.
  2. Time –A Realtor can help you find what you are looking for while saving you a significant amount of your valuable time. You can the Realtor what you want and set a time to see the homes and the Realtor will do the rest.
  3. Legal – There is a lot of paperwork when buying a home. Having a Realtor means that you have someone that knows what you are legally responsible for disclosing, finding out, and how to fill out all the paperwork the right way when making an offer and accepting an offer.
  4. Representation – Having someone that is on your side and represents you can be a positive experience. It means that your Realtor can take calls, answer questions, and represent you if there are any issues. Having a representative at the closing table is good as well because they can answer any questions you have, make sure everything is going as agreed, and help you navigate the sea of paperwork that accompanies a home closing.
  5. Negotiation Skills/Expertise – One of the most important reasons to hire a realtor is that a realtor has the negotiation skills and expertise to help you navigate to the home buying process.  Their skills in negotiation help present your offer in the best manner to make it appealing to a seller. In addition, their expertise will be helpful in determining the best offer, concessions, and closing deals that will work best for you.

Now is the Time to List Your House in Ada County

by Randy Gridley

Now is the Time to List Your House in Ada County

If you have been contemplating selling your home, now may be the time. With Ada County homes in demand, having a house ready to list can be a positive to every seller. More buyers are on the lookout for houses in Ada County but listings are still low. 

Though there are still many foreclosures and bank-owned properties on the market, it is important to realize that the median range of home sales is steadily increasing for the first time in over 5 years. As a home seller this means that you will be able to command more for your house than you have been able to in the past translating to a great time to sell.

In addition, with limited listings of houses in Ada County, Idaho, you will find that there will be more competition for your house. More competition means you may even get more than you are asking for your home.

With Ada County listings in demand, now is a great time to sell your house. If you have been considering selling your house in Ada County, this is a good time to get your house listed and get your house sold.

Existing Homes for Sale in Nampa

by Randy Gridley

Homes for Sale in Nampa, Idaho

Nampa, Idaho is not only the fastest growing city in Canyon County, its convenient location – 20 miles west of Boise – and low cost of living combine to make it an attractive place to live. If you’re considering viewing homes for sale in Nampa, let’s get you caught up on the current real estate market.

New Construction in Nampa

In east Nampa your choices include the Brittania Heights development, offering huge lots that range in price from $59,000 into the high 70s.

Buyers with a tighter budget may want to view the lots in the Lexington Meadows Subdivision, also in east Nampa. Here, prices start at $49,900.

Although it may seem more convenient to use the builder’s on-site real estate agent in the purchase of new construction in Nampa, it’s not a good idea. This agent represents the seller – in this case, the builder – so loyalties will naturally be divided. Choose your own agent to represent you and protect your interests during the purchase of a new home in Nampa.

I can show you any of the residential parcels or new homes in the area and would be happy to represent you during the purchase process. Shoot me an email or give me a call to get started.

Existing Homes for Sale in Nampa

The Nampa real estate market is quickly changing from a buyer’s market to a seller’s. While this is great news for Nampa homeowners who want to sell their homes, buyers will soon find higher list prices, a dwindling inventory and they may wind up in a multiple offer situation.

Current listings of homes for sale in Nampa include those priced from $19,900 for a small 1-bedroom short sale cottage to $699,000 for an amazing home on 4 acres of land with views of the lake, mountains and valley.

In between the two extremes you’ll find a variety of sizes and styles to fit most any taste.

Homes are selling quickly in Nampa, so be prepared to make your highest and best offer when you find the one you want. I can counsel you on the process when we get together to discuss what type of home you are looking for.

Look for an Increase in Short Sales in Boise, Idaho This Summer

by Randy Gridley

Look for an Increase in Short Sales in Boise, Idaho This Summer

With a $25 million settlement between the government and five of the biggest mortgage lenders reported, short sales in Boise, Idaho may be on the agenda for the real estate market this summer. 

Though it is not expected that the settlement will help a large number of homeowners, it is expected to assist the overall real estate market in the area.  By moving vacant homes and boise-meridian-bankowned homes, the real estate market may find itself in much better shape as banks accept lower offers and vacant homes are moved more quickly through the foreclosure process. This will likely increase the acceptance of short sales in Boise, Idaho, which, in turn, increases the property movement.

Read  about the settlement and its predicted effect on the real estate market as a whole here

All current short sale homes in Boise Idaho furnished by IDX/MLS.  Any homes listed below are current as of the morning you are reading this blog.

 

What You Need to Sell Your House Fast

by Randy Gridley

What You Need to Sell Your House Fast

Today’s competitive market means that all homeowners hoping to sell their homes quickly need to be savvy marketers. This means understanding the real estate market, at least a little, and doing the right things to get their homes seen by the right people and make it appealing to home buyers.

Finding a good real estate agent is the first step. He or she will help you get your home listed, make sure it is seen by as many potential home buyers as possible, and advise you on how to give you home market appeal.

Here are four things you will want to do to get your house sold fast that you can control.

  • Prepare you home with proper staging, de-cluttering, and a good cleaning.
  • Ensure your home is photographed well and presents a good image of the property.
  • Increase curb appeal with a little landscaping and good exterior cleaning.
  • Price your home comparable or better than surrounding properties.

Here are four things that will help your house sell fast that you cannot control.

  • Neighborhood appeal.
  • Good school system.
  • Short supply of available homes with similar appeal.
  • Right fit for the buyer.

Most of all, you will just want to be a knowledgeable seller. You need to understand the market around you.  Ask questions of your real estate agent and prepare your home for sale. Be prepared to respond to offers quickly by knowing your plans, your budget, and the range of offers and concessions you are willing to accept. Having a clear plan and a good understanding will help you go far in getting your home sold as quickly as possible.

Is Now a Good Time to Buy a Home in Boise, Idaho?

by Randy Gridley

Is Now a Good Time to Buy a Home in Boise, Idaho?

Clients often ask me if it’s a good time to buy or sell a home in Boise. Acquaintances that know I’m a Realtor ask me what’s going on in the Boise real estate market. For both, here is what I’ve been seeing recently, as opposed to one year ago at this time.

  • The median sales price of a Boise home is 2.6 percent lower this year than last year at this time.

 

  • The inventory of available homes is falling. Last year at this time there were 1,656 homes listed for sale. This year there are 1,404.

The inventory statistic is the most important to evaluate when trying to determine which way the real estate market is poised to turn. In this case we have a shrinking inventory. If it continues to shrink – meaning fewer homes enter the market – prices may rise in response to the lack of supply but steady demand.

If you’ve been considering looking at homes for sale in Boise, Idaho, now is the ideal time to do so. Interest rates are still amazingly low and, with homes still at rock-bottom prices, you’ll get a lot more home for your money than if you wait until later in the year.

If you’re just moving to the Boise area, here are a few quick facts about our town and its residents:

  • Boise residents have a higher median household income that Idaho’s average.
  • Home values are higher in Boise than the state’s median value.
  • Boise’s cost of living index is lower than the U.S. average.

Some of Boise’s more popular neighborhoods include Alliance, West Valley, Depot Bench, Hillcrest and the North end. You’ll find a variety of housing choices in each of these neighborhoods.

When you’re ready to look at Boise, Idaho real estate, give me a call. I’m happy to show you any homes currently on the market.

Bank Owned Homes in Boise, Idaho - How Do They Affect the Market

by Randy Gridley

boise-meridian-bankowned Homes in Boise, Idaho - How Do They Affect the Market

Many people, even real estate experts, have predicted that the excessive number of foreclosures will eventually cause issues with the market, leading it to a possible crash. This would be due to the number of foreclosures or potential foreclosures on the market, or simply the number of bank owned homes or homes that will be owned by the banks. As the real estate market continues to be laden with vacant properties, economists and real estate professionals continue to predict the decline of the real estate market.

But why do bank owned homes in Boise, Idaho have such an impact on the Boise area real estate market as a whole? Because as a home is vacant, waiting to be foreclosed-upon and become a bank-owned home, they slowly deteriorate subsequently driving the eventual sales price lower. This becomes a concern for all involved as real estate agents and real estate appraisers find the average price of a neighborhood go down with each distressed, bank-owned home that comes available on the market.

Experts have coined the phrase ‘shadow inventory’ to describe these vacant homes that have not been foreclosed upon but are moving through the process and will eventually become bank owned homes in Boise, Idaho. Many feel that ‘shadow inventory’ will be the driving force behind an inevitable real estate market crash.  However, there are real estate experts that feel this will only be the case in specific areas in the US.  Areas where there has been limited movement of foreclosed properties.  Fortunately, this may not be a big concern in the Boise market.

Bank owned homes in Boise, Idaho have continued to move over the years. Since over half of the properties that were in foreclosure over the past few years have been settled and sold, the Boise market indicates little effect by the ‘shadow inventory.’ This is a positive note for the Boise market overall.

2012 is showing fewer foreclosures than in the past few years and many experts believe that this is indicative of a slow market recovery.  With a recovery in mind, it is only fitting to see home prices to begin to stabilize and even begin to climb back up.  This is a good sign for the real estate economy and, in economies like Boise, Idaho, many real estate professionals believe that ‘shadow inventory,’ as mentioned above, will have little to no effect on the market as bank owned homes in Boise, Idaho continue to sell, improving the overall real estate market for the area.

View Bank Owned homes in Boise, Idaho provided by IDX/IMLS that are updated each morning.  The homes below whenever you click on them to view will be current each morning.

All of Bank Owned Homes in Boise, Idaho

Displaying blog entries 1-10 of 18

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Randy & Doyelene Gridley
Silvercreek Realty Group
1099 S Wells St. Suite 200
Meridian ID 83642
Randy's Direct Office: 208-859-7060
Fax: 208-323-8081

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