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Housing Price Categories in Demand in Ada County, Idaho

by Randy Gridley

Housing Price Categories in Demand in Ada County, Idaho

As the market takes an upward turn to some of the best days we have seen in over 5 years, certain price categories are more sought after more than others to potential buyers. In demand price categories are something to consider if you have been trying to decide when to sell your house.

As the inventory of available homes in desirable price ranges remains slim, the demand for good homes in these price ranges remains high.  This makes listings very desirable. The most sought after price range is less than $120,000.  This price range still has a short supply of available homes in Ada County and therefore has more demand than supply.

The next most popular sales category is homes selling between $120,000 and $160,000, which accounted for almost 25% of all sales in March. Under $120,000 account for about 30% of all March sales in Ada County, Idaho. As you can see, over 50% of all March sales were of homes selling for $160,000 and under.

The more-demand-than-supply issue means that most sellers, especially those with houses listed below $120,000, are more likely to receive competing offers from potential homebuyers.  This can be good news for the sellers if they are lucky to have competing offers made on their house.

As a homeowner deciding whether you are ready to sell, you may find that now is finally the time to list your house. Especially if you are listing your house between $100,000 and $160,000, now may be a great time to list your house in Ada County, Idaho and get ready for some great offers.

Short Sale Homes for sale provided by IDX/IMLS in Ada county, Idaho between $100,000 and $160,000.  These listings are up dated daily Monday through Friday early each morning.

 

677 Brookside Ct., Mountain Home, Idaho 83647

Fresh interior paint, Vinyl siding, wood stove fireplace, newer vinyl windows and patio sliding door, newer carpet great room and stairs, new vinyl in kitchen, bathrooms, eating area, utility room, newer central air conditioner. Covered patio, Home inspection finished with all items fixed. Very clean townhome on a larger lot, fully fenced, storage shed, no back yard neighbors. Walk out your front door and have access to Mountain Home City Park with covered tables and play ground area.  What a home for only $54,500...MLS # 98493135

 

Is Your Home Priced Right - Boise ID Real Estate

by Randy Gridley

Is the Price Right?

In most cases, no matter what condition your house is in, when it comes to selling, the number one factor in getting your house sold is the price. If you have not priced your home right, you will likely have trouble getting your house sold.

One of the first things that potential buyers look at is the listing price. In fact, in many cases, if you have priced your home out of the price range of the average buyer for your area, it is highly possible that they may never ever look at your house.

Potential homebuyers determine their home buying budget, presumably before they even start seeing property.  This means that if they have set their budget with a high end range of $200,000 and you have your listing price over that amount, a potential buyer may never ever see your property is available.  Though this is the very reason there are budgets and price ranges, it does become a concern when you over price or under price your home.

Under pricing has the same issues as overpricing in that a potential homebuyer will likely set a minimum home value for their search. Again, if you have under priced your property in hopes of a quick sale, you may actually be hurting yourself in limiting the number of potential buyers that actually view your home.

When determining the listing price for your home, it is important to consider comparable properties that have sold in your neighborhood, or surrounding areas, during the past 6 months, give or take. If you haven’t seen much property movement, you may have to go back 12 months.  Nevertheless, looking at the properties that have sold in your area that have a similar room count , square footage, and amenities is important in determining a good listing price for your home.

This is where a good realtor comes into play. Having a realtor working with you as the seller’s agent means that you have someone that can help you list your home, help you price it for the market, and be with you through the negotiation and closing processes. Having a realtor help you price your home is a good move toward ensuring you are not over pricing or under valuing your home.

In the end, the right buyer will come along – eventually. In order to ensure the buyer comes along more sooner than later, it is good to make certain that you have priced your house for the market it is in and have helped make sure the price is right for your area.

Here are a few homes to view in Boise, Idaho under $250,000 provided by IDX/IMLS that are up dated each morning:

Are You Doing Some Spring Updates?

by Randy Gridley

Are You Doing Some Spring Updates?

Sping is a great time to do some updating around your house? If you are making a list of those much-needed updates, consider this list of 10 Home Maintenance Tips for Spring on Yahoo! Real Estate by Paul Bianchina.

Whether you plan to start with cleaning up the yard or getting up on that roof and taking care of those neglected gutters, these tips are a great start to getting your house ready for the beautiful spring and summer months.

Very Clean Move in Ready town home - Mountain Home Real Estate

by Randy Gridley

2 bedrooms, 1.5 bathrooms, 1018 square feet of living space.  Refrigerator, dishwasher, new garage disposal, oven/range, washer and dryer.  This home is fully fenced, covered patio, extra storage in furnace room.  Home inspection has been completely and all items that need attention have been either replace or repaired.  New interior paint, newer carpet in living room and stairs.  New vinyl in both bathrooms, kitchen, eating area and utility room.  Vinyl siding, new vinyl windows and new sliding glass patio door. Fireplace!

Click on this link to do your own searching of homes in Mountain Home, Idaho through MLS.

The Importance of the Home Inspection

by Randy Gridley

The Importance of the Home Inspection

Due diligence: it’s a phrase you hear a lot in real estate. Most agents toss it around, assuming their clients understand the concept. Many don’t.

In a nutshell, due diligence describes the expectation that homebuyers will take the steps necessary to inspect and investigate the property before binding themselves to its purchase.

While there are a number of ways to perform due diligence – reviewing the survey, checking that building permits were issued for any improvements – the most important step of all is that of obtaining a professional home inspection. 

The Idaho Code requires sellers to complete a property condition disclosure form. This form outlines all defects known to the seller. It is up to the buyer, however, to discover if the property has latent defects and that process requires the assistance of a home inspector.

Many homebuyers confuse the appraisal with the home inspection. The appraisal is performed, at the behest of the lender, to determine the home’s current market value. While the appraiser may take measurements and check certain aspects of the home, the process does not replace the home inspection and none of the information gathered is shared with the buyer.

Another common misconception is that the home inspector will find every possible defect in the home. Home inspectors, first of all, aren’t there to look for problems. The inspection is to let you know the condition of the home at the time of the inspection.

Furthermore, inspectors perform a limited examination of only the visible and accessible areas of the home. While the inspector will remove access panels to major systems and perform a visual inspection, he or she will not dismantle anything to find out if there are problems. There is no way he or she can tell you what lies within the walls or under the foundation of the home.

That said, the home inspection will provide you with a great deal of the information you need to make an informed decision about purchasing the home.

There are no state-mandated licensing requirements for home inspectors in Idaho. This makes finding a qualified, experienced inspector quite challenging. Ask those that you interview about their membership in the American Society of Home Inspectors (ASHI) and check with ASHI to ensure the inspector is certified with them. To become certified, an inspector must pass rigorous exams, have a certain number of inspections under their belts and then maintain their certification by attending continuing education classes.

ASHI maintains a database with contact information for their certified Boise area home inspectors.

Feel free to email or call me with any questions about the home inspection process or how to find a local inspector.

4 Ways to Ruin Your Closing

by Randy Gridley

4 Ways to Ruin Your Closing

When buying a home, it is important to realize that home buying is a process and you have to be on top of your game from the start of the process until the end. If you are hoping to purchase a home, keep in mind these common ways that people can ruin their closing and stop the closing altogether.

  1. Buying a Car – If you plan to buy a new car, wait until after you have closed on your house.  A large purchase like a car on credit (if you are paying cash, well, that is another thing), you could stop the deal. A lender could decide not to lend you the mortgage if they decide you now have overextended your finances. Or, at the very least, the lender may increase your interest rate due to the change in your credit score.
  2. Job Changing – During the buying process is not the time to change employment. A change in employment is a red flag to many lenders and can ruin the deal before you know it.  Conventional loans typically look at employment longevity so job changing is not recommended when trying to purchase a home.
  3. Closing Costs – Many buyers forget to plan for closing costs. Having money set aside for any potential closing costs is very important. Make certain you discuss with your realtor and/or your lender the expected closing costs you may be responsible for. Ensure you have this amount in your checking account and ready to go as this can be checked by your lender before closing.
  4. New Credit – It is also important not to open any new credit accounts during the home buying process.  Your credit score is based on your income and your open and available credit. Increasing your available credit can lower your credit score and affect your mortgage terms or possibly cause your loan to not close.

Buying a home is an exciting time to many. Be sure that you are ready for the closing so that you are not blind-sided by any surprises that could prevent you from closing on your dream home.

Secrets to Selling Your House Fast

by Randy Gridley

Secrets to Selling Your House Fast

When you are ready to sell your house, you typically hope to sell it easily and quickly. No one wants to see their house on the market for months on end without any prospects or offers. So how do you get your house to sell fast? Here are some secrets to getting it on the market and sold as quickly as possible.

Price it right – Really, this is the most important aspect of ensuring your house sells quickly – pricing it right. Many of us believe that we have a great house that is special, especially with all those amenities we have added over the years. However, unless you find the right buyer, which can take time, not everyone puts emphasis on the same amenities that you do. Therefore, pricing your house to sell is the most important aspect of selling your house fast. “Pricing it to sell” means that you need to consider what the average price of homes in your neighborhood is, for homes that are similar in size and room count to yours, that have sold.  Then put an asking price on your house that is comparable or below what these homes sold for. When pricing your house you need to decide your priorities – is it to get the most money out of your house or sell it fast? This can help you determine the best asking price for your home.

Maximize your space – No one is attracted to a cluttered home. Make sure that you unclutter and maximize space. This means that you may want to consider getting rid of unwanted and “decorative” furniture. You may even consider renting a storage unit and start removing furniture and extras.  Another consideration is to hire a professional stager or affiliate with a realtor trained in staging your home for sale. This can be a great way to make you rooms look bigger than they are and give your house a clean and organized appeal to potential buyers.

Be willing to negotiate – In the end, you need to be willing to negotiate with a potential buyer. They may want a different move-in date, part of their closing costs paid, or certain repair taken care of before they purchase the home. If you are willing to be flexible and negotiate with a buyer, you will find that your house will sell much more quickly.

Selling your home is an exciting time.  To ensure that it sells fast, you will want to make sure you follow some of these tips to give your house the best chance of a quick sale.

Keys to a Successful Open House

by Randy Gridley

Keys to a Successful Open House

April is open house month so it’s time to get your house ready to be seen by some potential buyers. Here are some keys to a successful open house.

Plan/Schedule – Plan for the open house. Make sure that everyone is available, that you give plenty of time to advertise, and market the open house properly. Be sure NOT to plan around holidays and community events that could keep possible homebuyers from attending the open house. Be certain to invite current potential homebuyers that you know.

Stage/Setup – Stage the home before the day of the open house. De-clutter the rooms, remove unnecessary furniture, and rearrange furniture if necessary to have an appealing and welcoming feel in each room.  When setting up for the open house, make certain that documents are readily accessible, that rooms are well lit, toys and extras are removed from the yard, and everything has a clean and fresh scent and appearance.

Be Ready – Be certain to have plenty of paperwork, brochures, and snacks for everyone that may attend. Be prepared with offer paperwork as well. Having appraisal documents and comparable sales available to potential homebuyers is also important. Have everything accessible on a table. If there are blueprints, homeowners association information, or recent repairs and renovations to highlight, have this paperwork readily available as well.

Attitude – Make sure that you have the best attitude on the day of the open house. Be approachable and cheery.  Having a positive attitude and being able to be spoken to is important. If you have a real estate agent that is handling your open house, have a positive attitude and let your agent do his or her job.

Selling your house is an exciting time and an open house can be a great way to get prospective homebuyers looking at your home. You never know when that right buyer is going to come along.

HUD Home Nampa ID - 3413 E Friar Tuck Court, Nampa Idaho 83687

by Randy Gridley

HUD Home Nampa ID - 3413 E Friar Tuck Court, Nampa Idaho 83687

If this home is still available click on the listing at bottom of this page to view photos and information on this listing.  This Nampa HUD Home is a tremendous value! This ranch style home features vaulted ceiling with plant shelves, vinyl siding, breakfast bar, and quick access to Interstate I-84. Disclosures: HOA Association fee of $100 Annually.

This Nampa ID HUD Home will be Sold “AS IS WHERE IS” by electronic bid only. Property is available for viewing on 4-14-12. Bids are due by 4-23-12 11:59 PM CST then daily until sold. FHA Case #121-228307. Insured. Eligible for FHA 203K. For Property conditions, Forms, Disclosures and availability please visit www.HUDHomestore.com. For additional forms, updates, step-by-step videos & free photo list, please visit www.BLBResources.com. BLB Resources makes no warranty as to condition of property. Buyer to verify all information

Conditions of HUD Home Buyer Bidding Process

Certain conditions must be met to determine the eligibility of a buyer to bid on a particular home. Only registered bidders can make offers on properties. Homebuyers must use a registered selling broker or selling agent to make an offer on their behalf.
 
Owner Occupant - Eligible owner occupants are individuals with a valid Social Security Number (SSN) who have not purchased a HUD property within the past two (2) years. They can bid on homes in the Exclusive or Extended periods. Owner occupants rank above nonprofits and government agencies in the bid-selection process for Exclusive and Extended listings.
 
Investor - Eligible investors are individuals with a valid Social Security Number (SSN) or Employer Identification Number (EIN). They can only bid on homes in the Extended phase and are ranked below other types of bidders in the bid-selection process.

All HUD Home listings that are up dated early each morning Monday - Friday.  If the listing above is not showing below then the listing is either SOLD or Pending or has been withdrawn:


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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

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