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Hard to find homes in Boise, Idaho

By
Real Estate Agent with RE/MAX Executives DRE SP00020610

Hard to find homes in Boise, Idaho

I was looking for homes in a particular price range the other day that my client wanted in the Rocky Mountain High School area in Meridian, Idaho.  There were only five homes available and four were short sales and one was a bank-owned home.  It's hard to make a family happy, like this foursome below, when you have to wait for banks to decide on whether they can own a home or not.

 

Hard to find homes in Boise, Idaho

 

If you need to close on a home within a specific time frame, it can be hard to find homes in the Boise, Idaho area.  Many of the homes available for sale are "short sales" which can carry several issues.  Often the seller loses interest in the house since they are going to lose the house anyway and receive no money at closing, so where is the incentive to maintain the house.

In addition, the lender usually takes far longer to make a decision even after they have received all the required paperwork from the seller and the offer accepted between the buyer and seller.  Often a buyer can't wait for the seller's lender to decide, so the same house is under contract and then out of contract, making the homes stay on the market longer and longer.

In fact, according to the Intermountain MLS, only 27% of the homes available for sale will sell this year on average for all the Realtors in the MLS.  Individual Realtors have a better track record, like the Tim Burroughs Group at Keller Williams Realty-Boise, Idaho, has a 66% success of sale rate.

If you would like more information about how we can get your home sold, send an e-mail to Tim@TimBurroughsGroup.com and we will let you know our program, including our "Easy Exit Listing Agreement".

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Call me with any questions you have about buying or selling a home.  I have been in the business for over 30 years and may have the answer or know who to ask.

Comments(2)

Jon Quist
REALTY EXECUTIVES ARIZONA TERRITORY - Tucson, AZ
Tucson's BUYERS ONLY Realtor since 1996

You mentioned that you found 5 homes listed, but 4 were short sales. So really your search only found ONE readily available home. I wonder if THAT seller knows what he's got there?

Nov 23, 2010 04:42 PM
John Puplava
ABC Home Inspections,L.L.C. - Prescott, AZ
ABC Home Inspections,L.L.C.

Woow---Only 5 homes listed but four were short sale...is that good sign or bad one...

Nov 23, 2010 05:06 PM