Boise Real Estate | Boise Idaho Homes For Sale

Buying at the bottom of the Boise real estate market?

It’s been a crazy ride in the Boise real estate market over the last couple of years.  The difference between now and just two years ago is incredible to think about.  We have gone from homes selling in minutes to silently waiting for calls on fairly priced, nice homes.  The homes that are selling now are screamin’ deals…and I can’t blame any buyer for that.  The current conditions make is possible for a buyer who has a touch of gumption to get a great deal. 

Some will end up buying at the bottom of the market.  Some will wait for it to start rising before venturing out and finding a new home.  And still others will wait until the market is hot before buying for top dollar. 

I am not of the group that claims to know when the bottom arrives.  Life is always a risk, and especially so in real estate.  The key that I explain to my buyers is that, no matter what the market conditions, you do your best to buy low.  In any market you can find homes that are overpriced.  Sometimes you can find homes that are underpriced.  The goal is to not overpay, and hopefully even find a better deal than anyone else can get. 

 As a real estate investor myself, one of the goals I follow is that there will always be another deal; Don’t make a deal just to make a deal. 

In this current market, however, there are some really good deals out there.  There are buyers who are extremely motivated, including banks (REO), investors, and some homeowners who just need to get out.  Short sales are tough to work with for the patient, but not an impossible quest if you have the right mindset.  Rental properties are available now that even cash-flow, which was a hugh flaw in the market even a year ago.  I am a fan of fixer-upper or rehab properties, which can be purchased at a deal now…with the only difficulty in selling it when you are done.

My main advice for those considering an entry into the buyer market (as personal residence or even investor) is to start looking now.  It takes time to buy right.  It takes shopping and comparing and knowing when you see a deal. 

Feel free to search at idahosummitrealestate.com for homes.  You can also email or give me a call and we can sit down and carefully figure out your goals and desires, which will allow us the ability to find the right fit at the right (low) price.

 Regardless, good luck to those entering the market as buyers.  The opportunities are there…just be careful and be educated.

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