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 past it was common for most people to believe that purchasing a home was the smartest financial choice possible. You invest in the property, improve or maintain it, earn equity in it, and enjoy all of the tax benefits that come with a mortgage or second mortgage.

When the subprime mortgage crisis struck around 2008, however, people began to wonder if this classic model of financial savvy was still true.

So, is it? A recent article in Business Insider has one very solid answer about that. When posing the question of whether renting or buying a home makes more sense, author Megan Durisin said that it boils down to a single factor: location.

It's Still About Location, Location, Location

The old real estate comment about the significance of

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Real Estate Terminology 101

 

 

Are you about to begin looking for a home? Maybe you are completely unfamiliar with the "lingo" used by real estate professionals and in real estate websites? Don't worry; we are here to give you a bit of a cheat sheet and to help you know exactly what to say, and what is being said, as you navigate your way through the world of real estate.

To keep it easy, let's look at the terms in alphabetical order:

Appraisal - This must be done by a qualified professional, and it is meant to give a very accurate estimate of the market value of any type of real estate property;

Closing costs - Firstly, the "closing" is the moment when all of the final documents relating to the house are signed and the official "deal" is

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You might be under the impression that a classic "fixer upper" is also a home that is being rehabilitated. However, that is not exactly the case. In a recent article about "rehabbing a property", the author carefully explained the distinctions between the two.

Essentially,  it boils down to the simple fact that most homes in a condition requiring a true "rehab" will not qualify for a traditional loan. For example, you might find a nice, solid little home that needs a lot of cosmetic work to make it a good place to live. That is a fine example of a home that is a "fixer upper". On the other hand, if that same home had been stripped of all its cabinetry, sheet rock, paneling, and even some doors or windows…it is need of rehabilitation.

The How and Why

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Whether you have already closed on a new home or have just started to consider the purchase, if there are kids in the equation, you need to remember something important: You will have to relocate with them.

For adults, moving is a headache to which few things can compare. The packing, the lifting and carrying, the organizing, and all of the planning that can still go "kaput" if something goes wrong with the movers, their vehicle, and just about anything else.

This means that kids are in a particularly difficult situation because they are yanked out of their routine, don't really have much access to their "normal" mom or dad (the ones who don’t usually run around trying to tackle 100 things at once), and also have to adjust to the chaos that moving

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While it can be encouraging to learn that there are so many different financing options available to homebuyers, it can also be extremely daunting. It is important to understand the different types of financing available because each type is designed to benefit a specific type of buyer.

Federal Housing Authority (FHA) Loans

FHA loans are mortgages that are insured by the federal government. An FHA-approved lender provides this type of financing. These loans are generally meant to help individuals with lower incomes be able to purchase a house. The lenders are protected in the event that the borrower defaults on the loan. The benefits of FHA loans typically include lower required down payments, better interest rates, and more lenient approval

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Especially for first time homebuyers, it can be very disheartening to submit an offer to purchase a dream home, only to learn that the offer is just one of many being made for that property. In the increasingly competitive Boise real estate market, this is happening very frequently. Here are a few tips for buyers competing for houses.

1. Put Your Best Price Forward

Before you submit an offer, have your realtor perform a comparative market analysis. This analysis will help you determine what a truly fair price would be for the property, given Boise market conditions. Your realtor can help you determine an offering price that will be both attractive to the buyer, and fair to you, which could not only help you win a bid war, but may also reduce the

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Boise, Idaho is experiencing a seller’s real estate market, meaning that there is a good chance that the Boise home you would like to live in may receive multiple offers. When purchasing a home in a seller’s market, it is important to keep the following tips in mind:

Do Not Offer Less Than the Listing Price 

In a seller’s market, the seller does have more negotiating power and, with multiple offers being made, bidding too low may be the factor that causes the buyer to ignore your offer. Have your real estate agent help you determine the fairest bid price.

Include a Preapproval Letter with Offer  

Sellers are typically most interested in buyers who can close quickly. They do not want the transaction to be held up due to financing problems.

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4346 N. Chapala, Boise Id 83713

This 3 bedroom, 2.5 bathroom home is conveniently located on a corner lot with room for RV parking. Open kitchen with custom cabinets, slab granite counter tops, breakfast bar and separate pantry. Hardwood floors in kitchen, eating area and entry. Master bath has tile floors, garden tub and separate shower. Oversized fully insulated 2 car garage. Exterior walls have blown insulation for a superior sound barrier and energy efficiency! Hardwood floors have recently been refinished. Back patio overlooks the creek.

For more photos, please visit the virtual tour: http://www.tourfactory.com/993364

For information or to schedule a showing, call 208-472-5353

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Pricing Short Sale Homes: Boise REALTORS® The Mike Brown Group

Short sales offer buyers an excellent opportunity to snag a nice home at a great price. The problem is that any other potential buyer looking at homes in your price range has the same idea. So what do you do? To avoid losing the home of your dreams, the most important thing that you should undoubtedly ask yourself is: “what price should I offer on a short sale home”?

A short sale occurs when a homeowner notifies the bank that they can no longer afford their home. Instead of immediately foreclosing, the bank agrees to take less, or “short” of what is owed on the loan as payoff. While this can produce great deals for buyers, the competition is fierce. So pricing is everything.

In order to find the right price, you will want to employ the services of a

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A Great Time To Buy Boise Real Estate - The Mike Brown Group

As a home buyer, you may not have any idea that it is a great time to purchase right now. There are many different reasons why buying a home during this particular real estate market could be of great benefit to you. Let’s take a look at some of the top reasons you should be in the market for new property right now.

One of the best reasons to purchase right now is that sellers are highly motivated to sell their homes. In fact, experts believe that prices won’t get any lower in most markets. There is an overabundance of inventory which means that sellers are more willing to negotiate with you. The inventory of homes for sale is at a 15 year high. Home sellers know that the competition is stiff, so they must be willing to create a win-win situation for

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