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Market Conditions in Montana : Real Estate Advice

  • All31
  • Local Info3
  • Home Buying13
  • Home Selling6
  • Market Conditions3

Activity 30
Mon Jun 4, 2012
Edith Karoline Jasser answered:
First step is if and when you want to buy a property, to sit down with a good lender, a mortgage broker is fine as they have access to various different programs to suggest to you based on your available down payment, but they also will be able to pre-approve you and you will find out how much money they will let you borrow to purchase a home.... remember that this does not only depend on your down payment, but also on your credit score, your income and all other debt, and then they will look at what you intend to buy, because if it is a condo and there are monthly assessments and the taxes all will
be rolled together to come up with the program and answers for you.

You may be able to fall into one or the other available programs..... First figure out the finances
before falling in love with a property...

A little bit of advice, DO NOT OVER EXTEND YOURSELF, remember if and when you lose a job,
God forbid, you may not be able to pay your mortgage and the taxes anymore....

You also should not look on your own for a property, once you find out that you can afford a loan, and you know what that amount is going to be, then you need a good Realtor to show you only
those properties that fit into your budget and fit your needs as size and location may be concerned.

Do not do this on your own.... Hope it will work out for you, just careful when doing your calculations,
make sure that at the end YOU are going to be comfortable with the monthly amounts to be paid

Good Luck to you...
EdithSellsHomes@gmail.com
@Properties North Shore, 30 Green Bay Rd. Winnetka Il. 60093
Edith always works in the very BEST interest of her clients Buyers, Sellers and Investors alike,
covering the city of Chicago, all N and NW suburbs and the fine homes of the North Shore.
Edith always goes the x-tra Mile with a Smile for all her clients.
Feel Free to visit my website
Have a wonderful Day :)
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Tue Jun 26, 2012
Corey Olofson answered:
Terry, which home are you talking about. Shoot me an email at corey@buyorsellmontana.com and I can get you more information on the home and get you answers to your questions.
Corey
0 votes 5 answers Share Flag
Tue Jun 26, 2012
Don Tepper answered:
Obviously, a Realtor in Kalispell would be best able to answer your question.

You might, in the interim, try a site like http://www.rentometer.com I've been pleasantly surprised by its accuracy (in the areas that I'm familiar with). Another possibility: Check Craigslist and look for comparable properties and see what they're renting for.

Hope that helps.
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Sat Mar 23, 2013
Andy Onushco answered:
Most realtors will do a market analysis for no charge, in the hopes of getting the chance to list your property for sale. If you really have no intention of selling, realtors still might do it as a courtesy, but you should probably mention that in advance. Good Luck! ... more
0 votes 7 answers Share Flag
Tue Jan 29, 2013
Andrea Falcon, SFR, CIA answered:
it really depends just how far out it is located - there are some nice areas and there are some pretty scarry places and if your land is next to any of those (like 'deliverance9; scarry) it will greatly diminish the value - neighbors look good and it is not the end of the road, the value will go up. ... more
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Tue Nov 23, 2010
David Chiles answered:
Contact a local agent for information on Sales in Montana because all that information is tracked by the MLS. A good local agent should be able to provide you with all that information for free. Another reputable real estate data source is DataQuick. ... more
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Tue Oct 12, 2010
Alfonso asked:
0 votes 0 Answers Share Flag
Mon Aug 16, 2010
Patk asked:
0 votes 0 Answers Share Flag
Wed Jan 23, 2013
Joyce Mitchell answered:
Hi, John.

Montana is a non-disclosure state so there are no public records that reflect the sale prices of homes; however, you can contact a real estate broker who is a member of the local MLS who can provide you historical trends on properties listed and sold within their local MLS system. ... more
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Sat Mar 27, 2010
P.adkins asked:
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Thu Sep 3, 2009
Tammy Jackson answered:
Have you talked to a local Realtor? If not, you should, they can help with getting the stats on the area you are asking about. If you need help finding a good Realtor, Please feel free to give me a call, we have a great referral program.

Tammy Jackson
Real Living HER
614-273-6435
... more
0 votes 2 answers Share Flag
Thu Jun 6, 2013
Joede Vanek answered:
Only a certified appraiser is qualified to give you a definite current market value of your home. As a realtor, I can calculate a comparative market analysis (CMA) if you are interested in listing your house for sale. This CMA can determine a good listing price for what your house should sell in this current market. -Ginger Vanek, Eickert Realty ... more
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Tue Nov 23, 2010
Andrew Hohnberger answered:
Rob, Without viewing the home and pulling comparable sold properties I cannot give you a selling value in today's market but as a real estate broker that is very active in todays market I can confidently say it is worth less than it was in 2006 even with the added bathroom, new paint and a deck. There has probably been about a 20% loss in value or more and the improvements likely bring it back close to it's former value but not quite. If you need to know for sure have an experienced real estate agent do a competitive market analysis and tell them you want the honest truth of what it will sell for in today's market not a price you want to hear. I hope this helps.

Andrew Hohnberger
Coldwell Banker Wachholz & Co Real Estate
Kalispell, MT
andrew@montana4you.com
406-751-4331
... more
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Wed Jun 19, 2013
Steve In Mt answered:
It's a great time to buy. I am selling my house right now, but it's in Linda Vista, South side). Lots of lookers, but not much moving.
0 votes 9 answers Share Flag
Tue Mar 21, 2017
Denise Tower answered:
The basic laws of economics - supply and demand. Some areas are in the toilet, others never saw a decline (or any worth mentioning). It is all about location, location, location.
0 votes 9 answers Share Flag
Mon Nov 22, 2010
Dp2 answered:
It depends. In general, buyers are finding it increasingly more difficult to obtain conventional financing; however, this doesn't have to be a deal-breaker. (Check out 'creative financing' for more info.) In some markets, where there's a high number of (pre-)foreclosures/REOs, the property values continue to decline. Yet, in other markets, like in Dallas/Ft Worth, there appears to be no correlation between the property values and the performance of the economy overall; the property values in DFW have only declined about 3% thus far. Recently, lenders have become increasingly more flexible with allowing their borrowers to renegotiate the terms (including interest rate, principal [sometimes], amortization period, etc) of their mortgages. Appraisers have grown increasingly more skittish and extremely conservative on their appraisals. ... more
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Fri Sep 19, 2008
David Brewer - 406.532.5595 answered:
Michael, I have only been in the business this year, but I can tell you the average median sales price in that area
2007: $245K
2008 (as of 2nd quarter): $250K
up about 2%


MIssoula Urban Area - Month of August
2008: $213,500
2007: $226,900
2006: $199,900
2005: $195,000
2004: $179,000

overall up 19.2%

Hope that helps,

Kind Regards,

David Brewer
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Sun Aug 3, 2008
Bryce Sullivan answered:
According to the Gallatin Association of Realtors latest market report, lot prices in Bozeman have come down. Whether or not this will continue, only time will tell. The relation of a lot price to building cost is that usually the price of the lot is a major factor in determining the building cost of the home, or the value of the home on lot. You have to consider the land to home ratio. Price per square foot in Bozeman starts around $150. Of course it depends on the finishes you choose. Also, there is somewhat of a difference in what builders include in their price per square foot.

Email me @ BryceSullivan@Windermere.com if I can help you out with anything else.

Best of everything!
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Fri Dec 28, 2012
Steve Walton answered:
The best place to get home sales/ prices stats would be through a local realtor who belongs to the Multiple Listing Service. Find an experienced agent who not only knows where to find the info, but can help you understand what all of the numbers mean. I'll be happy to refer you to one if you'd like to email me at steve.waltoncentury21.com. ... more
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