Buying

Buy Boise real estate with a pro with the tips and guidance provided on Mike Brown Group's blog. We help buyers connect with the best properties, navigate the home buying process with ease and make purchasing savvy choices. The experts at the Mike Brown Group are dedicated to making your next Boise home purchase a complete success!

You can also learn more about purchasing Treasure Valley homes in the Buying section of our website!

Found 47 blog entries about Buying.



In the current economy, lending guidelines have become more restrictive. What this means for you as a consumer and potential homebuyer is that pre-qualifying for a mortgage is even more important than it has been in the past. Not to be confused with pre-approval for a loan, pre-qualification is a process by which you can determine how much house you can actually afford.

How Does Pre-Qualification Work?

Pre-qualification isn’t a commitment. Being pre-qualified doesn’t mean that you’ve agreed to a mortgage with any lending institution. You are under no obligation whatsoever.

All you need to do is find a lender you feel comfortable with. They’ll act as your advisor. Obviously, you want the best advisor you can get, so you’ll want to check out the

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Forbes Magazine recently named Boise as their fifth pick in the top ten cities to live in and raise a family nation-wide. And why not? Boise has a good balance between income and cost of living, great schools, not much crime, and beautiful scenery. Here are some of the reasons people love living in Boise.

Affordable

Reals estate prices in Boise are reasonable. You can buy more house for less money than you would in many other areas. For that matter, almost everything that you need or want to purchase is less expensive in Boise.

Friendly

Boise residents are typically courteous, helpful and outgoing. There’s also a great sense of community spirit.

Education

Schools at all levels are very good, and students can earn college credits in high

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A home is more than just a roof and some walls. It’s a place where you relax after a day’s work, unwind, raise your family, entertain, and pursue your hobbies and interests. Choosing a builder for your new home can be one of the most important decisions you’ll ever make. Most people considering new home construction approach the idea by looking at home designs in books or online, and perhaps talking with various builders. There’s no substitute, though, for getting out and looking at how it’s done. That’s where the Spring Parade of Homes comes in.

What Is the Parade of Homes?

The Parade of Homes is an event hosted by The Building Contractors Association of Southwestern Idaho, an organization that was founded for the express purpose of bringing the

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If you’re thinking of attending an open house, there are a few things to keep in mind, especially if you’re serious about buying. However, even if you’re only attending because you’ve always wanted to see the inside of Neighbor Bob’s place, you should still be prepared. Although you wouldn’t think of a new home as an impulse buy, it’s been known to happen.

Can I Bring My Own Agent to an Open House?

You can bring your agent. Of course, the common rules of etiquette apply. Introduce your agent to the hosting agent – “I’m pleased to meet you, Danny, and I’d like you to meet my agent, Sophie.” If you have an agent but he or she is not able to attend, you should tell the hosting agent. Realtors are supposed to ask you if you’re already working with an

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If you’re planning on selling your home and buying another, it’s a good idea to list your current home before you make an offer on another property. Then, when you sell your home, you have a couple of options. You could rent living accommodations until you find the home you want to buy. Or, if you have family or friends you could stay with over the short term, you could become more aggressive in your search for a new home. Whatever approach you take, it’s almost always best to list before you buy.

Why Should I Sell First and Buy Later?

It only makes sense. Very few people can afford to carry two mortgages at the same time. Even if you’re fortunate enough to be able to do it, it’s still a bad idea. What happens if there’s a slump in the market? You

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If you’re thinking of buying a foreclosure, your main reason is obviously that you’re going to get a really low price. But is it a good deal? Maybe. Before you jump in feet first, though, there are a few things you’ll need to think about. First and foremost, there are almost certain to be issues with the property. If there’s nothing you can’t live with in that regard, there could still be difficulties with the purchase.

 Property Problems

 Right now, in some areas of the Country, you can buy a house for a dollar. But would you want to? Some issues with foreclosure properties can be extreme, others not so much. Here are some things you’ll need to consider:

  • Poor Maintenance: The former owners were unable to pay their mortgage, so the likelihood
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It probably seems obvious that as interest rates increase, the demand for housing will slow. In September of 2013, home prices rose by just over 13% when compared with 2012, but it was a double-edged sword, because growth slowed in many cities.

What Does This Mean to the Average Homeowner?

Rising property values mean that property owners who are currently over-mortgaged (i.e. they owe more than their homes are actually worth) have some hope of regaining equity in their homes. To the potential homeowner, however, it means that housing has become less affordable.

Mortgage rates have, obviously, increased along with interest rates. Homebuyers are cautious, in many cases preferring the “wait and see approach,” hoping for a decline in interest rates.

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If you own business or investment property and want to reduce or eliminate the amount of capital gains tax that you will pay on the sale of your property, you should consider the benefits of participating in a tax-deferred 1031 exchange.

  1. How long do I have to identify replacement property?
    The replacement properties must be identified within 45 days after the sale of the relinquished property. This requirement is strictly enforced and no extensions are possible. Identification must be in writing, signed and dated and received by the Title Company no later than 45 days after the sale of relinquished property. Replacement property must be identified unambiguously. Usually, either a legal description or a mailing address is sufficient.
  2. How long do
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Following the crash of 2009, there wasn’t much to be happy about in the housing market. Finally, we’re seeing some recovery, but the market is shifting. In that context, there are some things that homeowners and potential homeowners should consider.

Are You Low on Equity?

Over the last few years, everyone lost equity. Some have even ended up owing more on their homes than they’re actually worth. If you’re a homeowner who’s in a position of negative equity but wanting to sell your home and buy something bigger (or smaller) now that the rates are dropping, think about holding on to your existing home if you’re in a position to do so, and renting it out. This can bring you a nice income while you’re waiting for an increase in home equity.

Is Your

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10. Boise City-Nampa, Idaho

Pop.: 606,376
Actual Home Price: $168,061
Equilibrium Home Price: $190,616
Difference: -12%
3-year Growth Forecast: 37%

Average Home Price: $168,061
This home: $168,000
Stats: 3 bed, 2 full bath , 1,300 sqft

What to Expect from Boise Idaho Real Estate Investments

 

Today’s high demand for Boise, Idaho property, combined with low interest rates, has created a market that may be tempting for real estate investors. Real estate investing has always been a popular venture, being historically viewed as a great low-risk investment. Before you make the decision to invest in Boise real estate, be sure to keep the following information in mind.

 

Renters and Investors Face Competition

 

With many people competing for properties in Boise, this

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