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Boise Real Estate Insights- September 2017 Main Idaho Real Estate Insights

The market continues to be driven by out of state buyers but is change coming?

Everyday the phone rings and it is someone from beyond Boise. It seems most calls are from somewhere in California, Seattle or Portland. The word has been out for some time now but we recently had two clients change plans. The original plan was to retire and move to Boise from Washington. They came to Boise and really liked what they saw plus it was what everyone had told them  it would be. 

So now, they put things in motion to prepare to leave Washington. They start looking at homes for sale and learning more about neighborhoods. Then, they got bad news. They started learning more about what it would cost them to retire early and move to Idaho. While their motivation was high, the cost was too much and they had to wait until the barriers were removed. From what I have heard, particularly California, they are making it harder for people to take the money they earned in that state and transport it to somewhere else.

So... if you are ready to retire and move to Idaho, especially if you work for the state government learn what you need to know about that. One of the things that popped up for two clients was that they could not retire as early as they originally thought and get full retirement pensions (Note: I am not a financial advisor and only sharing what I was told). They also learned that it was going to be expensive to leave the state.

Sounds like states do not want to see "their" money leave and making it challenging. Especially when Idaho is so much more affordable then other places. Do your investigating and give us a call when you are ready to retire in Idaho.

Trey Langford
Founder

 
Posted by tlangford at 9/20/2017 7:50:00 PM
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Michelle Penick, Boise Idaho Real Estate Agent

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