Mortgage Rate Decrease Could Help Sell My House In Boise, Idaho

December 12, 2007

The interest rate for a 30 year fixed mortgage dropped to 5.96 percent for the first week in December. That is down nearly one quarter of a percent from the previous week at 6.10 percent.

Interest rates have not been this low since September 2005 when the interest rate was at 5.19 percent. Even better is the interest rate for a 15 year loan at 5.65 percent, down from 5.73 percent.

December has always been a time for interest rates to creep down but this year is different. With the recent drop in the real estate market, and the changes to home buyer required qualifications, potential home buyers are waiting on the side lines.

If you have been waiting for interest rates to hit a low before purchasing your new home, it is time to start looking. The feds have lowered the interest rates to help consumer spending, regain confidence, and put off a looming recession. 

Lower interest rates could definitely help some home owners sell their house. Many potential home buyers are waiting to purchase their new home, until they see the bottom of the real estate market or until they see interest rates bottom.

There are many home owners are over leveraged and motivated to sell their house. Combine that with low interest rates, and now is a perfect time to buy an investment property or personal home.

If you are looking for the very best deals on real estate in your area, contact your local home buyer. Local home buyers purchase properties fast from motivated home sellers. Motivated home sellers are people who need to sell their house fast because of, divorce, pre foreclosure, moving out of state, over leveraged home, short sale, or to cash out of an investment property.

You can contact your local real estate investor and get a great deal on houses of all sizes, types, and conditions. Local real estate home buyers deal with large pretty houses, small new houses, duplexes, condos, town houses, fixer uppers and the list goes on.

On the other hand if you are looking to sell your home and the low interest rates do not bring you a qualified buyer quick enough. Contact your local home buyer to receive an offer on your home. They are very professional and experts in your local area. You have no obligation to accept the offer, so you have nothing to lose. 


Help Me Sell My Boise Idaho House – Boise Real Estate

November 18, 2007

The Boise real estate market is always changing. The latest Boise real estate market numbers suggest that the Boise real estate market is not getting any better. The statistical information should help you determine the best way to sell your house in the Boise, Idaho area. If your home is in a price range that is not selling quickly I suggest contacting your local home buyer and receiving an offer on your house. Local home buyers in the Boise Idaho area will help you determine the best selling solution for you’re particular home selling situation.

There are currently over 5,400 homes for sale in Ada County. Ada County includes, Boise, Meridian, Eagle, and Kuna. Homes priced between $200,00 and $250,000 thousand dollars have the largest number of home for sale on the market. There are over 1,050 homes on the market in this price range.

Only 550 homes have sold in the last 30 days. That is approximately 10 percent of the houses on the market and most of them sold below $200,000. If you are selling your house in Boise, Meridian, Eagle or Kuna, the best price range for you to successfully sell your house fast is below $200,000 dollars. If you own a home worth more then you better price you home aggressively and offer something extra for your home buyer.

There are over 950 houses for sale in the Boise area between the price ranges of $300,000 and $400,000. Over the last 30 days only 87 of homes in this price range have sold. There is over a 10 month supply of homes for sale in this price range.

The worst price to be selling a home in the Boise, Idaho area is a price range of $600,000 and higher. There are currently over 570 houses for sale with a home selling price above $600,000. Only 14 houses out of 570 have sold in the last month. Only 160 houses above the $600,000 dollar price range have sold in the last 6 months.

If you are in a home selling situation that requires you so sell your home fast I suggest talking with your local home buyer. Situations like, stopping foreclosure, to many medical bills, loss of a job, going through a divorce, moving out of state, or having an adjustable rate mortgage are all home selling situations that your local home buyer can help solve. Besides your offer will be confidential and you have no-obligation to accept, so you have nothing to loose.

Sell My House In Boise Idaho 


Rent to Own in Charleston – How to Buy a House with Bad Credit

November 18, 2007

Imagine spending hours and hours of your afternoons and weekends surfing the internet or scanning through thousands of classifieds searching for the perfect home in Charleston South Carolina. You finally find a home in the school district that you have wanted to live in for years.

A home with all the features you need, such as an extra bedroom, separate laundry room, and two car garage.You quickly submit an offer and hold your breath. Then you squeal, jump, and hug each other when you get the news that the offer on your new Charleston house has been accepted. You are most excited about the possibility of not having to rent a home in Charleston anymore. You can now own your own house.  

Now, imagine three weeks later getting a call from your Charleston mortgage company telling you that your loan had been turned down. You cannot get financing for your perfect home. You are going to be stuck renting a home in Charleston forever.

With banks and mortgage companies going out of business every week and a slower real estate market in Charleston, South Carolina, many people who want to buy houses are finding it more and more difficult to obtain financing. This situation is happening all over the nation, good, honest people being turned down for loans. 

Many situations occur that prevent renters from becoming home owners and buying a new home. Situations like, being self employed, not having enough time in a current job, not having a paper trail of income for the last two years, having a debt to credit ratio out of line, having large hospital bills, or going through a recent divorce. Because situations like these, many renters who want to purchase a new home are turning to local real estate investors.

These local real estate investors provide the opportunity for home buyers to rent to own in Charleston, lease purchase a home in Charleston, or lease option a wonderful new home.

Many homebuyers find that local real estate investors in Charleston provide an easy and effective way to buy the perfect home of their dreams, without the embarrassment of being turned down for financing. That means no more disappointment of having your hopes and dreams shattered due to circumstances that are sometimes out of a home buyers control. The recent increase in lender requirements has made it very difficult for people to buy a new home.

Now the fastest and most convenient way of buying a new home is through your local real estate investor. If you are tired of renting in Charleston and want to purchase a new home, I suggest contacting your local Charleston home buyer.

Local real estate investors buy wonderful homes from people who need to sell them fast. They then offer them to people like you who want to purchase a new home but do not qualify for conventional financing from mortgage companies. Your local rent to own Charleston company can usually have your financing in place allowing you to move into your new home in less than ten days.

If you are currently renting a home and are curious about the possibility of owning your own home, I would suggest talking with your local rent to own specialist. They will give you a free choice of financing options. Rent to own companies will not turn you down because of previous credit problems.


Stop Foreclosure in Boise

November 12, 2007

If you are one of the many people who bought a home with a teaser adjustable rate mortgage, you may now have or could have in the near future, a mortgage that is simply too high for your income. 

Home prices are falling in most of the country and home sales are slow thereby making it very difficult for homeowners who find themselves among those unable to keep up with rising interest rates to sell their homes. Some homeowners have prepayment penalties making it difficult to refinance to a fixed rate mortgage. 

Foreclosures are up for the third quarter of 2007 by approximately 30% compared to the second quarter of 2007.  Adjustable rate interest rates continue to rise and many homeowners are not able to pay the higher mortgage payment.

 

Foreclosure can ruin a credit rating which can then result in making it harder to find a job, more expensive to purchase insurance and harder to rent a home among other things. Some homeowners find themselves in the situation of facing foreclosure but wait too long to act making the situation even more difficult.  More options are available to homeowners who act quickly.

 

If you find yourself in this situation, one option is to find a local home buyer in your area that specializes in buying preforeclosures.  Local home buyers help homeowners sell their home fast and can help them out from under the financial stress of a mortgage they are unable to pay. 


How Much Does It Cost To Sell My House in Boise- Real Estate Commissions Increase in Boise

November 9, 2007

Real estate commissions in Boise Idaho are typically paid for by home sellers not home buyers. When you go to sell your house in Boise you pay your real estate agent a commission. If you look at your closing statement after you sell your house you will notice you are also paying a commission to the buyers real estate agent.

 

In the 1990s the average Idaho home seller would pay a real estate commission of approximately 6.1 percent, half to the buyers agent and half to the sellers agent. As the real estate market shifted to a sellers dream the average real estate commission decreased to 5.4 percent in 2001.

Summer 2005 brought about the peak of the sellers market in Boise Idaho. Home sellers could post a For Sale By Owner sign in their front yard and expect a full price offer in just a few days. When people can sell their house in just a few days by posting a sign in the front yard real estate agents are viewed as an over paid service. In 2005 the average real estate commission was just over 5 percent. 

Now the real estate market has shifted back to a buyers market. Real estate agents in Idaho are back in the drivers seat and once again raising commissions. In 2006 the estimated real estate commission was 5.18 percent, up 0.16 percent from the previous year. With the real estate market sliding even further to the buyers side, real estate commissions are expected to increase even more over the next couple of years.

There are many people who are in financial strain in Boise Idaho, mostly caused by their home mortgage payment. Either they purchase their home at the top of the market and now owe more for their house than what they purchased it for, or they have some personal situation which makes it hard for them to make their mortgage payment.

If your Boise Idaho home is causing you financial strain and you can not afford to pay large real estate commission, you have options. There are a couple ways to sell your house and not pay a real estate agent. You can sell your house FSBO, which will still cost you a few thousand dollars up front, or you can sell your house to a local home buyer.

Local home buyers existing in every real estate market including Boise idaho. They will give you a free offer on your home and explain your home selling options. Even if you do not have enough equity to pay real estate agent commissions, your local home buyer can help. They can possibly lease option your home or take over your mortgage payments. If you are in a financial strain because of your home and you would like to sell your house fast. Contact your local home buyer and see what they can do for you.


Foreclosures Rise 30 percent – How Does Boise Idaho Rank?

November 5, 2007

Third quarter 2007 results are in and not looking good for the real estate market. Foreclosures continue to rise across the nation. The largest contributor to the increase in the foreclosure rate is adjustable rate mortgages.

 

Between 2004 and 2006 adjustable rate mortgages were given to just about anyone who could sign their name on the dotted line and show proof of a heart beat. Now with the real estate market slow, people who can not afford their mortgage are falling into foreclosure. The scary part is there are still thousands of ARMs that are due to adjust in 2008.

 

The state with the highest foreclosure rate is Nevada with one in every sixty one homes falling into foreclosures. The foreclosure crisis in Nevada is also due in part from over building of homes by home builders and speculator real estate investing. Never the less Las Vegas which is located in Nevada has one of the best work forces in the nation. The state population also continues to grow rapidly which will help the local real estate market in the future.

 

The other top 5 states with the highest foreclosure rates in the nation are:

California with 1 out of 88 homes going into foreclosure

Florida with 1 out of 95 homes going into foreclosure

Michigan with 1 out of 102 homes going into foreclosure

Ohio with 1 out of 107 homes going into foreclosure

Colorado with 1 out of 109 homes going into foreclosure

 

Almost all states are experiencing an increase in the number of foreclosure filings. States like Idaho (thank include Boise, Nampa, Eagle, Start and Meridian Cities), that rank 19 in foreclosures have a 138 percent increase in the number of foreclosure filings from the same time one year ago.

 

Some of you may say, “The foreclosure rate may be increasing for the entire nation, but real estate is a local market”. Well that is true; real estate is a local market. Some areas of the nation may be experiencing a buyers market while others are experiencing a strong buyers market.

 

If you are interested to see how your state ranks for foreclosures, check out the article by RealtyTrac.


Save credit in Boise

October 28, 2007

You may be facing foreclosure for any number of reasons. You may have an adjustable-rate mortgage and your payment may now be too high for your income.  Whatever the reason, stopping foreclosure is an important step to take now.

Some homeowners will do everything they can to keep their home, even if what they do adds to their problems.  Some refinance several times, draining any equity they have each time and still can not make the mortgage payments.  These homeowners would have been better off selling before refinancing multiple times.  Some homeowners end up with double digit interest rates and a pre-payment penalty that hinders them from being able to sell fast if they need to.

Foreclosure will damage credit for years to come.  If you are in the situation of being behind on your mortgage it may be best to sell now so that a foreclosure does not show up on your credit report.

If you need to sell your home fast you can find an expert in your local area by looking on-line.  There are local home buyers that are in the business of helping people stop foreclosure.  They help people just like you get out from under the debt of a mortgage that has become burdensome.  After filling out an on-line sellers form, a local home buying expert contacts you.  The advantage of using a service like this is that you can sell your home fast with no money out of pocket and can expect fast, professional and courteous service.  


House Assessment – How Much Is My House Worth?

October 25, 2007

If you are thinking of selling your home the first thing that you need to determine is how much your home is worth. The fastest and easiest way to determine how much your home is worth is to contact your local home buyer. Your local home buyer will give you a free home assessment with no obligation. Included with the free offer they give you your homes value.

 

Here is what you can expect to see from a professional home buyers offer. The offer should be typed out on paper, not hand written. The offer should show you comparable properties that have sold in your neighborhood within the last 6 months. The comparable properties should be similar in square footage, age and condition as your home. If you are dealing with a true professional home buyer you should expect to see multiple selling options to solve your home selling problem.

 

The time frame to receive an offer after you have completed your local home buyers request can be anywhere from 24 hrs to approximately 3 days.

In many areas of the country like, Boise Idaho, Huston Texas, and Charleston South Carolina, home buyers are very busy right now. With the real estate market a little slow, home sellers are having a hard time selling their house. Home buyers in these areas are helping people who need to sell their house quickly. No matter if you need to sell your house quickly or are just curious about your homes value, the best way to determine you homes value is to contact your local home buyer.

 

Home buyers mostly deal with people who need to sell their house quickly but not always. Many home buyers purchase houses as part of their real estate portfolio. They buy houses and keep them for many years. If your home qualifies for a local home buyers long term investment, you could receive market value for your home.


Sell My House in Boise to Save My Equity

October 25, 2007

Lets face it, life is not always easy and is not always perfect. Many good people get into financial situations which cause them to get behind on their mortgage payments. One day things were going great so you purchased a new house. A few months later you lost your job and now you can not make your mortgage payments.

 

Situations like this happen to many people each and every day. When a life changing event like loosing your job, or going through a divorce happen, usually your house becomes a large financial burden. In fact, with the real estate market slow and buyers having trouble getting financing your house can become a stressful, financial nightmare.

 

In September 2007 there are approximately 5,000 homes for sale in Ada County. Ada County is made up of the larger populated cities like, Boise, Eagle, Meridian, and Star. Out of the 5,000 homes for sale, approximately 400 homes sold in September. At this rate of selling many people are going to have a hard time getting an offer on their home.   

 

For this reason local home buyers exist. Local home buyers are in every real estate market. They will purchase your house fast and allow you to keep the majority of your equity.

 

Local home buyers are honest

real estate professionals who earn a living from helping people who need to sell their house fast.

There are many reasons you may need to sell your house fast, to stop foreclosure, finalize a divorce, loss of your job, etc. If you need to sell your house to save your equity, I recommend getting a free offer from your local home buyer.   


Stop Foreclosure in Boise

October 21, 2007

You may be facing foreclosure for any number of reasons: job loss, health issues, divorce, or maybe you were one of the millions of borrowers that got an adjustable-rate mortgage or ARM with a teaser rate of less than 4%. 

Whatever the reason, stopping foreclosure is an important step to take now. You may be thinking of walking away from your home because you are too overwhelmed to deal with it.  If you do that, you could owe the IRS.  Foreclosure is treated as a sale under tax code. 

According to IRS Publication 544: “I you do not make payments you owe on a loan secured by property, the lender may foreclose on the loan or repossess the property.  The foreclosure or repossession is treated as a sale or exchange from which you may realize gain or loss.  This is true even if you voluntarily return the property to the lender.  You also may realize ordinary income from cancellation of debt if the loan balance is more than the fair market value of the property.” 

If you need to sell your home fast you can find an expert in your local area by looking on-line.  There are local home buyers that are in the business of helping people stop foreclosure.  They help people just like you get out from under the debt of a mortgage that has become burdensome.  After filling out an on-line sellers form, a local home buying expert contacts you.  The advantage of using a service like this is that you can sell your home fast with no money out of pocket and can expect fast, professional and courteous service.


Design a site like this with WordPress.com
Get started