Buy Real Estate in Idaho

By
Real Estate Agent with RE/MAX Advantage

Buy Real Estate in Idaho

This seems like a no brainer but I have been pleading with Idaho Home Buyers and Idaho Investors to buy, buy, buy!  The reason I say this is that in 1987 I had the opportunity to buy real estate in Idaho at incredible prices that would have made me a very wealthy man today.  I tell the story that in 1987 I could have purchased one-third acre lots bordering the fairway of one of the most popular golf courses in Idaho for only $5,000 each and didn't buy them out of fear! I am embarrassed to say those same lots sold for an average of $178,000 in 2005! As many as 7 lots were auctioned off that day!

Fast forward to 2010. Last year I wrote the blog 3 compelling reasons to buy Idaho Real Estate Now! and pleaded with Idaho Home Buyers to not pass up the incredible opportunity that exists today that will some day go away. Don't do what I did in 1987!  Some Idaho Real Estate values have dropped to prices seen in the 1980's and the opportunities that exist are unbelievable!

Believe me when I say the party will come to a halt one day and many will not even know what hit them. This recession will not last and rates will not stay this low for long. Consider this, for weeks mortgage rates remained in the range of 4.75% and those same mortgage rates are at 5.25% today which is still great but as the economy starts to improve and we start seeing signs of stronger retail sales, stronger national home sales (which just recently happened) etc. the Federal Reserve will start raising interest rates to keep inflation under control. Just look at the mortgage rate trends over the past 30 years and you can understand what I am saying. The Federal Reserve will raise interest rates as fast as they dropped them if the economy starts to heat up too quickly.

Bottom line is if you can beg, borrow or steal (just kidding!) the money to buy, buy, buy Idaho Real Estate or real estate in Tim Buck Two "Just do it"! Trust me, you will thank me years down the road!

Start your Idaho Real Estate Search below where you can search the entire southest Idaho MLS for residental homes, land, investment and commercial real estate. Search for all listings in the Intermountain MLS, save your favorite listings for later viewing and request financial assistance and much more all FREE!

 

 

Posted by

Native Idahoan and Boise Idaho Real Estate specialist serving Boise, Meridian Eagle, Nampa, Caldwell and the surrounding Treasure valley area of southwest Idaho. Specializing in residential, investment, land and commercial real estate. Search thousands of MLS listings at Boise Homes for sale and learn all about Idaho by visiting Search Idaho Homes

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Rainmaker
388,669
John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

George something tells me that we could all find a story like this.  I remember selling microsoft shares two years after I bought them in the early 90's.  I needed the money.  But boy did I pay.

Jan 22, 2010 05:29 AM #1
Ambassador
1,880,144
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth
George, there are excellent times to buy and this is one of them.
Jan 22, 2010 05:36 AM #2
Rainer
184,664
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate

John - Good for you!

Gary - Amen my friend!

Jan 22, 2010 05:58 AM #3
Rainmaker
588,465
Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

Hi George - Great advice.  And with lenders warning that rates will be going up soon, the tax credits disappearing in April, and home prices beginning to stabilize and even go up a bit, now is the time to buy!

Jan 22, 2010 06:48 AM #4
Rainer
184,664
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate

Susan - Thank you and have a great weekend!

Jan 22, 2010 06:53 AM #5
Rainmaker
343,886
Don Wixom
RE/MAX Executives Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Right on! Mr. Idaho! Have a great weekend bro!

Jan 22, 2010 11:57 AM #6
Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

It is a great time to buy for many buyers... I think you are correct that this situation will not last foreever.

Jan 22, 2010 01:45 PM #7
Rainmaker
189,486
Herb Hamilton
RE/MAX Preferred Inc. Realtors - Portland, OR
Real Estate Broker ,CDPE, Downtown Portland

Hey George,

 

That is a very clean IDX Search solution you have there. Does it also have a map based search? I am looking for a new solution but it must have map based and preferrably one that will allow full screen rather than 25-30%.

Jan 22, 2010 02:07 PM #8
Rainer
184,664
George Tallabas
RE/MAX Advantage - Nampa, ID
Idaho Real Estate

Don - Thanks Bro!

Joan - Definately will not last my friend!

Herb - When users log in and do property searches it gives them aerial and street maps of every listing.

Jan 22, 2010 02:25 PM #9
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Rainer
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George Tallabas

Idaho Real Estate
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