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Home Buying in Boise : Real Estate Advice

  • All297
  • Local Info10
  • Home Buying100
  • Home Selling32
  • Market Conditions11

Activity 147
Fri Aug 11, 2017
Kathy Burgreen answered:
Forget buying a home. You need to ask several realtors the following questions:

If you decide to sell in 2 - 3 years, what is the average days on market for most homes selling in this area. Try to get the number of days from original listing date to closing date. Don't fall for "1st date entered in MLS system to contract date". This leaves out the days from signing of listing contract to 1st date entered in MLS (1 - 7+ days) and from contract signed to closing date (2 weeks - 2 months). You need to add this in to the days on market.

Will you take a loss on your home or are home's selling above asking prices. Remember, the value of your home is only worth what a buyer is willing to offer. This means every buyer will view the comps and if your home has not increased much in 2 years, be prepared to bring cash to close because you will owe money on your mortgage. You cannot sell your home unless the mortgage loan is paid in full and you cannot expect a buyer to offer a higher price because you owe money to your lender. Bottom line - unless you're in a hot seller's market, home's typically take 5+ years to gain any equity for their owners. If you sell before 5 years, be prepared to suffer a loss.

If you intend to rent, ask those realtors how difficult is it to find financially qualified tenants, length of time involved and average rental amounts. Will you need a property management company? Research them to find out what is involved.

Most realtors and lenders advise if you intend to stay in your home for less than 5 years, you are better off renting. You won't lose money renting.
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Mon Mar 13, 2017
Sinner1369 asked:
Sat Oct 8, 2016
Invstnlfp answered:
I am state and federally licensed to write purchase and refinance loans in 31 states for a top direct lender in the mortgage industry who offers FHA, VA, and USDA loans down to a 550 credit score. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA. Feel free to text me or call me anytime
Brian Young 214-797-3479
NMLS#902687
... more
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Sat Sep 10, 2016
Karen Peyton answered:
Visit MassTimes.org and search by zip code for parishes, address and Mass Times!

Good luck!
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Thu May 5, 2016
Paul answered:
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). InBedrock.com is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
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Wed Apr 27, 2016
Amber Stockert-Hall answered:
If you are speaking about buyer closing costs, then these costs will be the fees/reserves charged by your lender. I've found that these can vary by lender depending on the loan program, if an origination fee is charged and dependent on interest rate. For example, I have a client closing with a loan of $115,000 conventional loan and the closing costs/reserves are $3000. I have another transaction representing the seller and the loan amount is $258,000 FHA loan and the buyers closing costs/reserves are over $7000. So in short, they will vary depending on your loan program, interest rate and lender you choose. I can recommend a fantastic lender in the valley if you need. Text or call me at 208.830.1331 ... more
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Wed Apr 27, 2016
Amber Stockert-Hall answered:
Hi George. If you need the proceeds from your current home to purchase a new home, then you can do a simultaneous close. What that means is your home you have to sell and the home you want to purchase can close the same day. Hope this helps. ... more
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Thu Mar 31, 2016
DELETE PLEASE asked:
I am an inactive agent I wish for my data to be removed.
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Fri Dec 4, 2015
Visio2014 answered:
You can verbally OK on the buyer agent verbal offer, but have written offer sent within requested the time because verbal OK means nothing unless the offer document is acceptable on contingency, down payment , buyer funds and more. The seller agent can counter offer , if the offer is close to the offered price or reject or let it expire or accept. Have no ego, but play with the rules because I was seller one-time and been through Buyer/Agent unprofessional approach. Most serious buyer/agent will work with you, but those unsure will run-away from sending written offer. It is always good to check for lender approval and financial information by Seller and Seller agent before Buyer Agent and Buyer visit your house and have them visit by appointment unless you have vacant house for sale. ... more
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Wed Jul 29, 2015
USMortgageRanger answered:
Hi Kierra,

Congratulations on your decision to become homeowners. I would love to schedule sometime to speak with all parties and help you understand what is required and expected of all parties when purchasing a home jointly.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
... more
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Wed May 27, 2015
Emsantos27 asked:
My reason for asking is that my husband and I are interested in relocating to Boise but our understanding is that to qualify for an FHA loan we have to have been at our current jobs for…
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Wed Apr 29, 2015
Dan Tabit answered:
Katherine,
In much of the country, a mortgage is cheaper than rent right now. The difficulty is to qualify for a mortgage you generally need to be employed and making enough money to cover your payment and all other bills with enough left over to live on. Most students won't fit this description. If you think you do, talk to a local mortgage lender and see what they say. If things sound good, apply and keep moving forward. ... more
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Sat Apr 18, 2015
Sian Mooney answered:
Please check out the following. It sounds perfect for you.

1601 N 5th St, Boise.

http://www.trulia.com/property/1068794470-1601-N-5th-St-Boise-ID-83702
0 votes 7 answers Share Flag
Sun Mar 29, 2015
Thomas and Melissa Evans answered:
Whitney,

I would be happy to help you with your question. I suggest an off-line conversation though as it is easier to work through what you are looking for. Please contact me at (208) 270-1957. ... more
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Sun Mar 29, 2015
Thomas and Melissa Evans answered:
Jormoral2,

If you sign up on my website, I can send you multi-family listings from there. Please take a look at :

www.YourDreamHomeIdaho.com

Thomas Evans, RealtorĀ®
Your Dream Home Idaho Realty
Keller Williams Realty Boise
(208) 270-1957
... more
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Sun Feb 22, 2015
Jim Paulson answered:
I was amazed that this popped back up on my radar since it was posted back in 2010, but I guess since others have recently just answered the question, it refreshes it on the list. I always thought our healthcare was way above the national average as far as quality per capita. ... more
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