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Short sale market snap shot for Ada County, Idaho
There's no shortage of these not so aptly named types of sales in Ada county - Idaho. Of the approximately 4400 active listings showing in the MLS, 1100 are short sales.
The current absorption rate for short sales in Ada county, Idaho stands at approximately 16 months. Compared to an overall absorption rate for Ada county of 10 months, the scales are still tipped to toward a buyers market despite pending home sales being on the rise.
A contributing factor to the large amount of short sale inventory in Ada county, Idaho is no doubt the time it takes to close. It's imperative in successfully completing a short sale in Ada county, Idaho that you work with a listing agent with a track record for getting them closed.
If you're a short sale buyer in Ada county, Idaho, make sure your agent qualifies the property and the agent before submitting offers. There is not point putting in offers on houses with very little chance of closing.
If you're a short sale seller in Ada county, Idaho, getting an agent who's an "expert" in this category goes far beyond any designation or years of experience agents may have. You want and agent with a track record for listing and closing these types of transactions. There is just way too much at stake for trial and error in this department.
For more information on short sales and foreclosure in Idaho, visit www.HopeforIdaho.com (click here).
*** Ada county, Idaho includes Boise, Eagle, Kuna, Meridian, and Star.***
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