Its a poorly kept secret that Boise real estate prices are a bit soft, and Boise Idaho short sales have driven them downward. Boise Idaho short sales and other lender-mediated listings are helping to put a downward pressure on average home sales prices, thanks to aggressive pricing by banks who are now showing a willingness to negotiate. In many cases, lenders have “pre-approved” short sales, meaning they have already agreed to take anything above a agreed-upon price that is less than what is owned on the property.

See all Boise short sale MLS/IDX listings.

 

Boise Short Sales Create Buyer Opportunity

Right now, the Idaho short sales market is brimming with opportunity for first time home buyers and real estate investors alike. How long will this window of opportunity remain open? No one knows how many more Idaho short sales listings will hit the MLS in the coming weeks, but one thing is certain; as this type of inventory begins to dwindle, prices will inevitably go up. They very well might go up anyway, as real estate in Boise has proven itself to be an excellent long term investment, thanks to a beautiful location, great schools, and the high quality of life that residents enjoy.

Boise Idaho Short Sales: A Viable Option for Home Sellers

How will you know when to short sale your home? Making the decision to short sale your home is not one that is meant to be taken lightly. As a Boise Idaho short sales expert, my goal is to ensure that you have enough information to make the best decision. I have had extensive experience with Idaho short sales, but I am more interested helping you make your decision, and not to rush you into short-selling your house.

Boise Idaho Short Sales and the Economy

Home ownership usually is one of your biggest responsibilities or investments. Most home buyers enter enthusiastically into a mortgage with every intention to pay on time, every month. In past times, Boise Idaho short sales were the exception rather than the rule; it was hard to imagine that home values would not continue to soar and the economy would not grow. However, the recent economic downturn has created market conditions that are creating Boise short sales listings.

Personal Factors

But then something happens that causes turmoil in your life. For instance...after years of employment, your company suddenly goes bankrupt leaving families without a source of income. Or possible an accident that leaves a husband disabled and unable to earn a decent income to support his family. Many Idaho short sales have resulted from catastrophic personal events. 


One of the worse scenarios: What happens when the major bread-winner of a family dies suddenly?

The bills begin to pile up rapidly and before a person realizes it, they’ve missed one, then two payments with no way to bring the account current. What happens when catching up is virtually impossible? Does that make foreclosure inevitable? Not necessarily. There are other options. Many home owners in these sorts of situations are considering Boise Idaho short sales as viable alternatives. How will you know when to short sale a home? If you’ve experienced an extreme financial hardship or if you or a spouse has lost a job or your financial situation has drastically changed since you signed your mortgage, it may be time to call us and ask about how the Boise Idaho short sales process works. Recap of when to short sale your Boise Idaho home:

• When your income no longer supports your mortgage payments.

• When you’ve missed several payments and can’t afford to bring the account current.

• When you owe more than the market value of your home, need to sell and have no money to make up difference.

These are just a few scenarios that have turned many home owners to turn to our Boise Idaho short sales but the point is to do something before it’s too late. Don’t wait until foreclosure proceedings have begun before you do something about it. Foreclosure is a serious consequence that can have lasting effects on your credit and even your ability to get a job. Take action right away; contact me if you’d like to know more about the Boise Idaho short sales process.

Your Boise Idaho Short Sales Specialist

As your Boise short sales specialist, you can expect prompt, courteous service, due diligence, and an agent who stays “on top” of developments in the transaction. My goal is to ensure that bankers and listers are doing their jobs, especially considering that there are so many people working with Boise short sales who have little experience. My communications are timely, thorough, and exceptional to all parties involved

As a Boise short sales expert, I will help you determine value of subject properties by providing a comprehensive market analysis so you offer the right price. I can also help you avoid common pitfalls associated with short sales, such as tax liens, mechanics liens, and other untoward surprises.

Call me for a free consultation regarding buying or selling Boise Idaho short sales. I am looking forward to your call.

------ Disclaimer: This information is provided for information purposes only.  You should always seek independent counsel such as certified public accountant and or real estate attorney pertaining to sale of your home, land and or real property in the matters of state and federal taxes and legal issues. Get expert legal advice when considering our Boise Idaho short sales listing program.