NewHomeIdaho.com Real Estate Blog

Why Sellers and Buyers Should Have a Home Warranty

What is the low down on a home warranty?  You have probably heard about them.  A home warranty is an insurance plan that is affordable option to protect home systems and appliances.  Having a home warranty when your home is on the market can offer peace of mind against disaster and increase buyer confidence.

Home warranties protect the owner when they are selling their home.  Tragically, sellers of real estate have unexpected repairs while trying to market and sell their home, which can be costly.   The affordable home warranty plan can minimize costs and avoid closing delays.  Besides protecting the current home owner, a home warranty will give the property a competitive advantage over other homes on the market.  Buyer confidence increases, because there is a warranty to fall back on in the event of unexpected repairs.

From day 1 of a new home purchase, a buyer will be protecting their real estate investment.  Since owning a...

Rates Still Good Buy Now

The holidays are over and now you can think about buying a house!  Many first time home buyers think that means looking at homes.  Well, yes and no.  The first step is actually to talk to your bank or let me recommend a few of my team members who are loan officers that can prequalify you.  Knowing what you can afford will save you time and help me focus on what type of home we should be looking at.  After you are prequalified you have the ammo to put an offer in on a home you like.  Getting your offer accepted is more likely with a prequalification letter.

Rates are still low and there are several loan programs available.  Gabe Crum at Idaho Central Credit Union recently told me about an arm they have.  Here are the details; "Our fantastic ARM option has changed a bit for the New Year and is an incredible option for the home buyer that is planning to be in their new home for less than 10 years.  This product is fixed at 2.95% for 5 years...

Baby Boomer What Are You Looking For?

Who is retiring in the next few years?  If you say “I am”, you may find what you are looking for in Idaho.  Recently I had a few conversations with some local builders who say they are responding to the demand of recent retirees. What do you want?  To name a few items, smaller square footage & yard maintenance taken care of, luxury upgrades in features such as granite and wood flooring.  You want neighborhoods that are close to shopping and entertainment.  Does this sound like what you’re looking for?

In the spring you will see more “patio” type homes becoming available that will fit your needs.  Boise, Meridian, and Nampa, are three of the communities who will have new developments designed for the Baby Boomers generation.  If you would like to know more about these communities, call me!  Kristen Van Leuven 208-918-0749

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Retirement Relocation Reality

For the next 19 years, 10,000 people a day will be turning 65.  The Baby Boomer generation is creating a new style of retirement.  The needs and wants of which deserve our attention.  Necessities include low cost living, low maintenance housing, and access to good medical care.  Since our retirees are active and healthy, they want 4 seasons, recreation and many shopping choices.  Undeniably, retirement is time for activities that have taken the back burner to work.  Such as, learning a new trade or taking classes to keep the mind sharp.   Retirement in next two decades will be changed by the Baby Boomers.

               Golden years meet the golden sunsets of the Treasure Valley in Idaho.  Boise, Idaho and its surrounding areas boast many amenities that retirees find attractive.  Housing in the Treasure Valley is moderately priced. ...

Early Bird Gets the House

     555 homes sold in Ada County in March 2013 showing an increase of 4.3% over the same time last year.  Average days on the market was only 67 days!  Will this motivate more homeowners to sell their homes?  Median home price was up a whopping 22% for existing homes. The local market is improving with each passing month.  With all these statistics supporting the fact that it is a great time to sell your home.

     Distressed home sales, those that are bank owned and shorts sales, made up only 18% of total sales in March 2013.  That is down 5% from March 2012.  We are seeing less percentage of distressed sales than previous years.  With those killer deals becoming fewer and far between, property owners could potentially sell their homes faster when they are not competing with really low priced homes.

     Inventory is low and the market is bouncing back but not at crazy, expensive price tags...