Home Buying in Meridian>Question Details

Lia, Home Buyer in Meridian, ID

First time home buyer

Asked by Lia, Meridian, ID Mon Sep 10, 2012

Hello, I am a first time home buyer. My husband and I are looking for something in our price range. I would like to have 3 bedroom and 2 bath. I prefer two story house. Under 100K. We are looking ada county only.

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Buying your first home can be intimidating, but it doesn’t have to be. In fact, it should be an enjoyable experience. One factor that can make the process enjoyable (or not) is choosing the correct real estate agent. Some agents would prefer not to work with first time home buyers as typically it causes the agent more work. However, the right agent enjoys the process and actually looks forward to helping people buy their first home.

If you’re a first time home buyer and want to work with an agent who truly enjoys working with first time home buyers, contact me to get the help you will need to purchase your first home. I enjoy working with first time home buyers and I promise to help you:

1. Get “pre-approved” for a home loan and provide you with other important information about the home buying process.

2. Help you find the best loan for your particular situation including one with the lowest interest rate, fees and best terms.

3. Help you find “your” perfect first home.

4. Help you understand home ownership topics such as the home owners exemption, insurance, homeowners associations, etc…


Sincerely,
David Elsey
Mountain Realty / Every Home In Idaho
http://www.EveryHomeInIdaho.com
208-850-4868
0 votes Thank Flag Link Wed Jun 12, 2013
Wow, what a bunch of vultures ... no wonder people don't trust realtors ... sharks everywhere and this is Boise, Idaho ... not Florida or California ... geez.
0 votes Thank Flag Link Wed Nov 28, 2012
Hi,
I would be more than glad to provide you with a list of homes with the criteria you have requested. You can drive by them at your convenience, check out the area and then schedule a time to look at the ones that interest you the most. The email I will send usually includes interior pictures and the type of financing the home would require to purchase. Some homes might be bank owned, some are short sale listings which require a longer time frame from making the offer to an actual closing date, some allow for first time home buyer loans and some want only conventional mortgage offers. If you are a first time home buyer, there are still many programs available to assist you in your closing costs and down payment. I can also provide you with information to help in this area as well.
0 votes Thank Flag Link Thu Sep 13, 2012
Lia,

It's great that you're seeking online resources to supplement your knowledge and search to find a professional.

As the agents previously noted, find a good lender you want to work with (most lenders are similarly priced rate-wise and fees) and get pre-approved.

Once you're pre-approved, you're in good shape.

Remember, if you're looking at houses that need some TLC (Tender Loving Care AKA updating or rehab), make sure you have a pre-approval that also covers rehab financing since the majority of foreclosures have sellers who'll refuse to do any work to the property (you're buying it as-is).

There are multiple types of rehab loans, read the following link if you'd like to educate yourself on them, please note, these loans can be done anywhere in the country, not just North Carolina, that's just where the poster was from:

http://www.trulia.com/voices/Remodel_and_Renovate/When_using…

If you have specific questions, ask here or you can email me through the website by clicking on my picture and entering a question on the right side of the screen.
Web Reference: http://RobWeber.com
0 votes Thank Flag Link Tue Sep 11, 2012
Hi Lia,

Now is a GREAT time to buy your first home. Interest rates are low and because the real estate market has been depressed for the last couple of years, home prices are lower now than they have been in a long time. Here is a link to our FREE First Time Home Buyer Guide that can help you navigate the process http://www.buyandsellinidaho.com/buyersguide.cfm

There are a few homes in Meridian available in your price range right now- SEE THEM HERE http://www.buyandsellinidaho.com/searchResults.cfm.

If you consider moving a little farther out of Meridian (Kuna or Star) you may qualify for more of a home and could even get a NO DOWN PAYMENT loan!

Feel free to contact me to start you home search today!

Natalie Filbert GRI, SFR
Associate Broker
Mountain Realty
208-599-1336
http://www.BuyandSellinIdaho.com
http://www.buyandsellhomesinboise.com
http://www.FamilyGuideToFinances.com
0 votes Thank Flag Link Mon Sep 10, 2012
Alex R. Trent w/ http://www.FindYourNewHomeBoise.com "Best Way to a New Home".
Market Pro w/ Silvercreek Realty
Cell: 208-866-9509
Fax: 208-445-1747
Email: Alex@AlexRTrent.com Market Update: http://www.AlexsNewsLetter.com
Selling Your Home: http://www.AlexRTrent.com "Saving U Time & Money"!

"My team is totally service oriented and we would be more than glad to help. So please feel free to contact us with any questions. When you find a home you would like to view, just let us know. We'll help with the arrangements to get you inside the home at your convenience."
0 votes Thank Flag Link Mon Sep 10, 2012
Lia,

I can see several agents already responded with good information. If you want a friendly no pressure agent to help you find a home, or if you just want free access to some tools that will help you look better on your own, please call me or email me at a time that works best for you.

Have a great day!

Best Regards,

Carl Swantek
Silvercreek Realty Group, LLC
ACD Real Estate Investors, LLC
(208) 866-2694 Cell
acd.realestate@gmail.com
0 votes Thank Flag Link Mon Sep 10, 2012
Lia,
Congratulations on looking for a home to make your own. Getting pre-approved is very important in this market since you may be competing with other buyers on a particular home that have been pre-approved and ready to submit an offer. Being pre-approved will also verify the price range that you will feel comfortable looking at. Currently there are 10 houses in Ada County that fall under the $100K price range that say they would be available for FHA financing. If you can go conventional financing, there are a few others listed. 3 of these houses are in Kuna, 2 are in Star, 4 are Meridian and 1 in Boise. Some of these homes may be in need of some fix-up but if you could find one and still have room in the loan amount to do a 203K loan (which enables you to do fix-up) you could stay in Ada County. If none of these homes appealed to you, then you would need to look in the Nampa, Caldwell area which would give you quite a few additional properties to consider.
If you have any questions about any of the properties I mentioned or need the name of some lenders to talk to about pre-qualifying, please let me know. I am here to help you navigate the real estate process.
0 votes Thank Flag Link Mon Sep 10, 2012
Lia,

Getting preapproved is absolutely critical so that when you do find a home you like you're ready to move quickly. I tend to believe it makes more sense to start off finding a good buyer broker to work with as they will be able to suggest a number of local lenders that could assist you and it can help at times if your Realtor knows the lender and is able to pick up the phone an d speak with them if necessary during the transaction.

I've attached a link to one of the most popular blogs I've posted on Trulia on who to find a great Realtor to help you regardless of where you live. I hop you find it helpful and I wish you and yoru husband good luck and happy house hunting.
0 votes Thank Flag Link Mon Sep 10, 2012
My advice would be to (1) meet with a lender and get pre-approved for your loan. This will allow you to move more quickly when the right home comes available. (2) Find a good, knowledgeable, and experienced realtor as, unfortunately, not every one of us meets that criteria. Listing agents represent the seller and you, as the buyer, need your own representation. (3) You might want to check out the Kuna area. The average prices there are lower than Boise and Meridian.
God Bless your search!
0 votes Thank Flag Link Mon Sep 10, 2012
That price range is difficult in Ada County and will include Kuna & Star. Anything in Ada County in this price range will likely need some TLC...are you up for that? I see a handful of single level homes that might work, some without a garage. For this price range you will see 1200 square feet or less, that's why you don't see the two story options. If you want to get more for your dollar, I would consider Nampa. I see a very nice remodel in South Boise for $99,900 single level. Let me know if you would like me to email it to you!
Kena Halsteen
43º North Real Estate
HomesByKena@gmail.com
208-713-2352
0 votes Thank Flag Link Mon Sep 10, 2012
Hi Lia!

How did you come up with that price range? Does that put you at a specific monthly payment that you are comfortable with?

The reason I ask is because that price range is extremely difficult to find a move-in ready home in our current market. It might benefit you to meet with a lender, if you haven't already, to get exact monthly payments on specific purchase prices.

Let me know if I can help point you in the right direction!
0 votes Thank Flag Link Mon Sep 10, 2012
Lia- Feel free to contact us at 871-6007 or one 3 of idaho.com. We can help you with a search, get you pre qualified if you are not already or let you know about a home we will be listing soon in Boise very close to you description. Thanks for the opportunity . Mike
0 votes Thank Flag Link Mon Sep 10, 2012
There is currently only 1 two story home in Meridian available under $100K. Let me know if you need more info. Dan Bevins 208-573-2337
0 votes Thank Flag Link Mon Sep 10, 2012
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