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Your Boise Home Sale and Kids and Animals Do Mix!

by Randy Gridley

Your Boise Home Sale and Kids and Animals Do Mix!

When it comes to selling their home in the Boise valley market, mature sellers can really appreciate the importance of presenting a pristine property to all potential buyers.   Parents are always juggling their other responsibilities including the needs of their children.  When you include selling your home and add showings to the long list, it makes for a very stressful situation!  Selling your home does not need to be disruptive. You need a Realtor like me that can help alleviate all that extra stress!

I have a few tried-and-true methods that can make the process easier: Below you will find just a few:

  • If you have grandparents who live close to Boise, this is the time to get their help. Showings are special opportunities for extra quality time with Grandparents. The big thing now is play dates for your children if you do not have family in the area.
  • Make a game out of organizing toys into colourful storage bins.   Toys all over the house are real distracting to potential home buyers.  Give your kids rewards for helping you in the sale of your home.  Kids will always respond to helping out if there is something in it for them!
  • People with pets and small children with dirty diapers can sometimes become desensitized to the odours.  Make sure you empty the garbage before all showings and clean the litter box.  Check to make sure you have good quality air fresheners in the house. Baking bread or chocolate chip cookies just before the showing makes your home most inviting.  I will give you at least 30 minutes warning before any showing (24 hours whenever possible) so that you have time to check your house one last time before the showing.
  •  Our teamwork will result in a peaceful setting for all our Boise home sale showings.

Spring into Summer | Housing Prices Heat Up in Boise

by Randy Gridley

Spring into Summer: Housing Prices Heat Up

When I inform Boise readers about the latest news in housing prices, it is later than I would like. One reason is that there is usually a delay in the truly reliable indexes that measure housing prices. The big indexes are national, and they may have a two month built in delay.

It usually takes about 60 days for us to know the change in trends and the direction the change is taking.

The Wall Street Journal is always finding a way to present unusually fresh numbers. Reporter Nick Timiraos ignored the S&P/Case-Shiller Index, and reported the first solid news about our much-anticipated spring selling season.

The report shows a startling 2.7% one-month increase: the largest March-to-April gain in any of the 17 years since the series was first reported.

“The monthly gain blew away all previous Aprils,” said an economist at Credit Suisse. The basis of the reports comes from a release of the Bureau of Labor Statistics’ producer-price index, which measures prices in the whole economy (at least as seen by manufacturers and wholesalers). It is a backdoor to measure housing prices when you examine prices received by real estate agents.

The figures show a 9.1% gain over housing prices from a year ago… big price rises were already happening by then. The Journal said, “Do not be surprised if you see continued increases in prices and sales in the next housing reports.”

Professors Case and Shiller will be standing by to give us those figures. In case you would like a more focused update on our recent Boise housing prices, I will be standing by as well — why not give me a call today?

Mortgage Rates Could Offset Boise Housing Price Rises

by Randy Gridley

Mortgage Rates Could Offset Boise Housing Price Rises

When the Wall Street Journal or Forbes run mortgage rate stories as their lead items, I am one of the agents who keep an eye on the  Boise real estate market and I pay close attention.   But when even the non-financial outlets like USA TODAY and the cable TV news channels give top billing to real estate market news, it’s a real eye opener.

That’s what happened last week. USA TODAY’s online headline focused on the 15-year fixed mortgage rate, “at a record low 2.61%.” The cable news channels talked about record low rates.

 Never mind that; it’s still surprising that mortgage rates continue to linger at such fantastic lows.

The reason is not a secret: the Federal Reserve is holding rates down to energize the real estate market — a key element of the overall economy. Yet, with existing home sales notching up in the first quarter at the briskest pace in four years, you would have thought that mortgage rates would have been loosened up at least somewhat. And, with new home sales doing their best since 2008…

Of course, it doesn’t matter what anyone expects: the results of dipping mortgage rates is just plain good news for everyone in the Boise real estate market: both buyers and sellers alike. Those low mortgage rates act to offset the rising U.S. house price index. The result for buyers is a more valuable home without the expected increase in the monthly payment. What more of an enticement to enter the real estate market could there be?

If you’re considering whether it’s time to buy (or to sell your current home and trade up without pushing the household budget), last week’s national and local market signs are even clearer than they have been recently. There are many opportunities out there! Give me a call and I will give you a current Boise real estate market evaluation?

Displaying blog entries 1-3 of 3

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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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