INSIDER'S GUIDE
TO MAKE BOISE HOME 

 

2019 Idaho Real Estate Blog

How many homes are for sale in Boise Idaho? Main Idaho Real Estate Insights

The answer is a moving target as homes are listed and sold every day. Take a look at today's breakdown

People, Idaho real estate agents in particular, talk about the lack of inventory of houses for sale. For at least four years now the local real estate market has been excessively strong with less than a month of inventory. That means that if no other homes were listed, there would only be a months worth of homes for sale.

Breakdown of current availability of property

  1. Total Properties ( Single Family Homes ) listed for Sale in our MLS Area (Intermountain MLS)- 3,106
    • Boise- 248
    • Caldwell- 161
    • Eagle- 102
    • Meridian- 34
    • Middleton- 33
    • Nampa- 372
    • Star- 82
  2. Total Properties (Building Lots/ Land) listed for Sale in our MLS Area (Intermountain MLS)- 3,250
    • Boise- 214
    • Caldwell- 153
    • Eagle- 68
    • Meridian- 34
    • Middleton- 52
    • Nampa- 115
    • Star- 27

This is just today and even still tonight some homes could be listed for sale, have an accepted offer and go PENDING, expire or even cancel.  so tomorrow is a new day. Just to share, Thursday is a popular day to add a property so that it is broadcasted across the real estate search sites as available for the weekend. Activity on a new listing is heaviest the first two or three weeks, if it is not sold quickly.

Build Idaho helps you discover a place you'll love to call home.

BuildIdaho.com is an all-in-one real estate website that gives visitors the local scoop about homes for sale, lots for sale, neighborhood insights, markets reports, trends and insights to help you find your ideal property. You can also find expert Realtors to show you homes and make an offer. Get advice and opinions from local real estate agents, and other local experts. Learn more about us

10 Steps to Buying a Home

Understanding how to find and finance the perfect home for you. Buying a house requires a lot of time and effort, but these 10 steps can help make the home buying process manageable and help you make the best decisions possible.

Step 1: Start Your Search Early and do Your Due Diligence

Start searching websites, reading real estate blogs and magazines. Make a note of homes and comunities that interest. This will give you a sense of the housing market in specific areas.

Step 2: Determine How Much House You Can Afford

Lenders generally recommend that people look for homes that cost three to five times their annual household income. It is also recommended that you save enough to be able to put a 20% down payment on a house. A professional loan officer will make recommendations based on your individual financial situation. Use our Affordability Calculator to see how much house you can afford.

Step 3: Get Prequalified and Preapproved for credit for Your Mortgage

As you start searching for a home, you will need to understand how much you can actually purchase. The best way to do that is to get prequalified for a home mortgage. To get prequalified, your loan officer will ask you to provide some financial information, such as your income and the amount of savings and investments you have. Your lender will review this information and tell you how much their company can lend you. This will tell you the price range of the homes you should be looking at. Later, you can get preapproved for credit, which involves providing your financial documents (W-2 statements, paycheck stubs, bank account statements, etc.) so your lender can verify your financial status and credit.

Step 4: Find the Right Real Estate Agent

Real estate agents are important partners when you’re buying or selling a home. Real estate agents can provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public. Their knowledge of the home buying process, negotiating skills, and familiarity with the area you want to live in can be extremely valuable. And best of all, it doesn’t cost you anything to use an agent – they’re compensated from the commission paid by the seller of the house. Get Started

Step 5: Shop for Your Home and Make an Offer

Tour houses in your price range. It might be helpful to take notes (using this helpful checklist) on all the homes you visit. You may see a lot of houses which can be hard to remember everything about them, so you might want to take pictures or video to help you to remember.

Make sure to check out the little details of each house. For example on an older home, test the plumbing by running the shower to see how strong the water pressure is and how long it takes to get hot water. Try the electrical system by turning switches on and off. Open and close the windows and doors to verify they work properly

It’s also important to evaluate the neighborhood and make a note of things such as:

  • Are the other homes on the block well maintained?
  • How much traffic does the street get?
  • Is there enough street parking for your family and visitors?
  • Is it conveniently located near places of interest to you: schools, shopping centers, restaurants, parks, and public transportation?

Take all the time you need to find the right home. The next step is to work with your real estate agent to negotiate a fair offer based on the value of comparable sold homes in the same neighborhood. Once you and the seller have reached agreement on a price, the house will go into escrow, which is the period of time it takes to complete all of the remaining steps in the home buying process.

Step 6: Get a Home Inspection

A home is closing is normally contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Our real estate agents usually will help you arrange to have this inspection conducted within a few days of your offer being accepted by the seller. This contingency protects you by giving you a chance to renegotiate your offer or withdraw it without penalty if the inspection reveals significant material damage!

Both you and the seller will receive a report on the home inspector’s findings. You can then decide if you want to ask the seller to fix anything on the property before closing the sale. Before the sale closes, you will have a walk-through of the house, which gives you the chance to confirm that any agreed-upon repairs have been made.

Step 7: Work with a Mortgage Banker to Select Your Loan

Our Preferred Lenders have a wide range of competitively priced loan programs and a reputation for exceptional customer service. You will have many questions when you are purchasing a home, and having one of our experienced mortgage professionals assist you can make the process much easier.

Every home buyer has their own priority when choosing a mortgage. Some are interested in keeping their monthly payments as low as possible. Others are interested in making sure that their monthly payments never increase. And still others pick a loan based on the knowledge they will be moving again.

Step 8: Have the Home Appraised

Lenders will arrange for an appraiser to provide an independent estimate of the value of the house. The appraiser is a member of a third party company and is not directly associated with the lender. The appraisal will let all the parties involved know that you are paying a fair price for the home.

Step 9: At Closing

There is a lot of paperwork involved in buying a house. Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house they are buying.

Step 10: Take the Keys

At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the check is delivered to the seller, you are ready to move into your new home!

Congratulations, you just bought a home!

IDAHO HOME BUYERS

 
Posted by tlangford at 4/5/2019 7:40:00 AM
Comments (0)
No comments yet, login to post a comment.

Michelle Penick, Build Idaho Client Real Estate Services

Michelle Penick

Idaho REALTOR ®
208.629.0217 | Michelle@FullSailBoise.com
Ask a Question. Schedule a Tour. Make an Offer.

Contact Agent

follow us in feedly

Archive
<June 2019>
SunMonTueWedThuFriSat
2627282930311
2345678
9101112131415
16171819202122
23242526272829
30123456
Monthly
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
June 2017
April 2017
March 2017
February 2017
January 2017
December 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
June 2006
May 2006
April 2006
March 2006
October 2005
Current Weblogs
There are no blogs in this Group.
★★★★★ 5 stars - "Our experience with Full Sail/ Build Idaho was great from start to finish! "
 

How may we help you?

 

*Full Name:*Phone Number:*Email Address:
*I'm looking for:Message