How To Sell My House Fast

Boise is located in Ada County Idaho. Ada County includes other cities such as Eagle, Meridian, Star and Kuna. The following is statistical information for Ada County that can be used to help you sell your house. 

There are currently 5769 houses for sale in Ada County including Boise. This number is up by 83 houses from August. That is definitely not a good sign. In order for the Boise real estate market to get back on track and start appreciating we need the number of houses on the market to be decreasing each month.

It is of no surprise the lower priced houses are the homes selling. In August only 15 of the 537 houses between the ranges of $400,000 to $500,000 went pending to sell. This is also a decline from the month of July with 33 houses. In August the largest number of homes that went pending was in the price range between $160,000 and $200,000. Approximately 100 house out of 920 houses.

If you need to sell your house use this information to set your asking price. You will obviously increase your chances of selling your house if you price it right. You will have even better chances of selling your house if you are asking below $200,000.

If you are in a financial situation that requires you to sell your house fast I would suggest talking with you local home buyer. There are just so many houses on the market right now that buyers are taking their time looking for the best deal. Your local home buyer purchases many houses each month from people just like you who need to sell their house fast.

Divorce, foreclosure, relocation, bankruptcy, 100% financed, inherited property, and cashing out of an investment are just some of the house selling situations which require a fast sale. Professional home buyers are experienced in these types of home purchases and will handle the entire selling process. Local home buyers will give you a free offer for your house so you have nothing to loose.

On Tuesday, September 18^th 2007 the Federal Reserve cut the short term interest rate by 0.5 percent. The new 4.75 percent interest rate is an attempt to help the diminishing housing market.

Many home owners are in financial situations where they can not afford their mortgage. The lower interest rate will help home owners who have adjustable rate mortgages, (ARMs). The rate cut will lower home owners monthly mortgage payments, thus allowing them to afford their mortgage.

The interest rate cut will also help people who want to sell their house. Just a 0.5 percent cut in the interest rate will allow more people to afford a new house. With more home buyers on the market looking for a new house, the housing inventory should shrink. A shrinking housing inventory means stable and steady house prices.

There are so many reasons why people need to sell their house and sell it fast; couples going through a divorce, home owners needing to stop foreclosure, real estate investors who want to sell their investment property, home owners who are moving out of state, home owners who are going through a bankruptcy, etc.

If you are in any of the following situations I would suggest selling your house fast to a professional home buyer.

I need to sell my house fast, my house has been on the market for so long and we can no longer afford our mortgage, I need to sell my house quick to avoid foreclosure, we need to sell our house so we can move closer to our family, I need to sell my house because I am going through a divorce, I need to sell my inherited property, and the list goes on.

If you need to sell your house fast complete our very short seller form and a local home buyer will be in contact with you shortly.

Selling your house for sale by owner (FSBO) is not the only way to sell your house fast. Selling your house FSBO can be a very complex and costly selling option, not to mention it can take a long time to sell your house.

There is a way to sell your house fast even in a slow real estate market. Selling your house can be as easy as completing an on-line seller form on the internet or making a phone call to a local real estate investor. Yes I said it, a local real estate investor.

Real estate investors have been around since people started buying and selling houses. There is a misconception about real estate investors, that most are unethical and will take advantage of your situation. The truth is many real estate investors operate their business by doing just the opposite. Many real estate investors generate business from previous client referrals, client testimonials, and the goal of a win-win real estate solution.

There are many reasons why you should consider selling your house to a local real estate investor before listing your house or starting the FSBO process. Real estate investors provide a solution to your problem, they buy your house fast. Selling your house to a real estate investor can cost you less than selling your house with a real estate agent. Real estate investors do not charge you large commissions to sell your house. Many investors buy houses to keep as part of their personal long term real estate portfolio. Investors provide you with a free offer for your house and you have no obligation to accept it.

The truth is once you add up the cost of selling your house FSBO, or using a real estate agent and paying large commissions, selling your house to a real estate investor can make perfect sense.

Real estate is a very complex and complicated subject. That is why real estate professionals such as realtors, brokers, professional home buyers and real estate consultants exist.

With the recent slow down in the real estate market many home owners who wish to sell their home turn to real estate professionals for help. The trick is to choose the right type of real estate professional for your particular home selling need. There is a definite difference in the services provided by a realtor and a professional real estate home buyer. Choosing the right real estate professional for your home selling need can be the difference of losing your home to foreclosure or selling your home fast.

When to use a Realtor:

I do not need to sell my house fast

My home is not going into foreclosure

I am not behind on payment

I am not 100% leveraged on my home and I have plenty of equity to pay commissions

My mortgage payment is not going to adjust anytime soon

I do not want to move into a new home quickly, I can wait to sell my house

When to use a local professional real estate home buyer

I need to sell my house fast

We need real estate help to stop foreclosure

I can no longer afford my mortgage and I need to sell my house fast

I want to sell my inherited property

I am being transferred out of state and I need to sell my house fast

I do not have time to list my house, I need to sell my home now

I do not have enough equity to pay realtor commissions

As you can see there is a time to use a realtor and a time to use a local home buyer. It is important that you choose the right real estate professional for your home selling situation. If you truly are in a selling situation where you need to sell your home fast then contact your local home buyer, you may be surprised by the offer you get.

Boise is located in Ada County Idaho and includes other cities such as Eagle, Meridian, Star and Kuna. The average home price in July 2006 in Ada County was $279,391. The average home price in July 2007 has increased only 0.5% to $280,819.

Even though the average home price has only increased 0.5%, the number of days a home is on the market before it has an accepted offer has increased by 200% over the last year. The average number of days to sell your home in Ada County, including Boise Idaho is 51 days. Then after the 51 day period you typically have another 30 days before your buyer closes on your home. This adds up to an average home selling time of 81 days or approximately 3 months.

Be aware that the 81 day average selling time is an average and to get your house sold in that amount of time your house better be in tip top shape and priced right. Home buyers are not reluctant to ask for closing costs, extended closing times, price reductions and other items that are an expense to the seller.

There are currently over 5,000 homes available on the market in Ada County. Last month approximately 650 homes sold. If we assume 650 houses sell each month, and no other houses are added to the market, there is a 7.5 month supply of houses on the market. Compare this to the 4.5 month inventory last year at this time, and you can be sure that the sellers market is over.

Many home owners in the Boise and surrounding area do not have 81 days to sell their house. After all, life changes every day. Divorce, foreclosure, bankruptcy, work changes, health issues, family changes, these are all life changes that can happen to anyone.

If your life has recently changed and you need to sell your house fast, I recommend contacting your local professional home buyer. You can sell your house fast; choose the date you would like to close, and move on with your life. After all you have nothing to loose and you just may be surprised by the free offer you get.

On the anniversary of one of the nation’s most horrific tragedies, September 11 2001, the National Association of Realtors (NAR) is forecasting a longer than expected recovery for the housing market. The NRA changed it recovery forecast from 2007 to some time in year 2008.

The sub-prime mortgage fallout is said to be the cause of the extended market downturn. The increase in the foreclosure rate has prompted many mortgage companies to change their standards of lending. Most of the standards make it harder for potential home owners to get a loan.

It is expected that the decrease in construction of new houses in 2008 will help home sales and the overall real estate market. It is also expected that the mortgage market will calm down by offering people FHA financing instead of sub-prime mortgages.

It is expected the Feds will cut interest rates two more times by 2008. 30-year fixed rate mortgages are expected to average 6.4% for 2007. The average interest rate is expected to rise to approximately 6.5% in 2008.

You can be sure when the Feds meet next week they will be talking about the job market and unemployment numbers. Many states are experiencing an increase in unemployment over the last couple of months. In Idaho the unemployment increased from 2.3% to 2.4% in the last month. The job market is directly related to how many people buy houses.

With this news if you are trying to sell your house now you may be waiting awhile. If you are in a situation where you need to sell your house fast then consider selling your house to a local home buyer. They offer free, confidential, no-obligation offers for your house. You have nothing to loose and you just might be surprised by the offer you get.            

The minimum wage is going to increase from $5.15 to $5.85 per hour. The paycheck raise is expected to increase some 20,000 paychecks for Idaho residents. This pay increase will help some people qualify for houses they otherwise would not have been able to qualify for. It will help others feel more comfortable with their existing mortgage.

This minimum wage increase is the first of three before year 2010. The next pay increase will be in July 2008, and will increase minimum wage to $6.55 per hour. Then the third pay increase will raise the minimum wage to $7.25 in July 2009.   

In south western Idaho including cities like Boise, Eagle, Meridian, Nampa, Caldwell and Kuna the minimum wage increase is expected to affect 2.6% of the local job market.

The Boise real estate market has dropped dramatically compared to last year. There are more foreclosures, people falling behind on mortgage payments, people who can not afford their adjusted mortgage payments, houses sitting on the market with not enough buyers, and so on. The raise of minimum wage will not solve the real estate slowdown but it definitely won’t hurt.

If you are in any of the following situations and need to sell your house fast, try selling your house to a local home buyer. Local home buyers can buy your houses fast, close on the date of your choice, pay you cash for your appliances if you don’t want to take them with you, and are very sensitive to your selling need.

Selling your home in Boise Idaho these days is not an easy and quick process. Boise is the capital city of Idaho and is located in Ada County along with Eagle, Star, Meridian and Kuna.

In July 2007 there were 5,198 houses for sale in Ada County and only 12.4%, 648 of them sold. That means the rest of the over 4,500 home sellers are still waiting for a buyer to submit an offer.

There are many reasons why there are so many houses on the market and so few are selling. Boise and the surrounding cities have experienced substantial boom over the last 2 years and this caused home builders to over supply the real estate market with new houses.

Lenders have tightened their requirements for potential home owners to qualify for a loan. This limits the amount of people who can actually get funding to purchase a house.

Recent layoffs at Micron have increased the amount of houses on the market. People who lost their job can no longer afford the home they were living in so they need to sell their home fast.   

The truth, the cost of your home sitting on the market and not selling fast may frighten you. Mortgage payments, utility bills such as gas, water, trash, sewer, electric, home owners dues, lawn and home maintenance, these cost all add up fast to a lot of money.

Many home owner who are trying to sell their house need to sell it fast. They do not have the time or are not in the financial position to let their house sit on the market, waiting for an offer. If you are in any of the following situations I would suggest selling your house fast to a professional, local home buyer.

Going through a divorce

Need to stop foreclosure fast

Inherited a property

Your house needs fixed up

You are being transferred by your job  

You do not have enough equity to pay realtor commissions

You mortgage is going to adjust and you will not be able to afford the payment

Recent loss of job

Real estate is a very complex subject. For that reason real estate professionals such as realtors, brokers, professional home buyers and real estate consultants exist.

With the recent slow down in the Boise real estate market many home owners who wish to sell their home turn to real estate professionals for help. The trick is to choose the right type of real estate professional for your particular home selling need. There is a large difference in the services provided by a realtor and a real estate investor who purchase houses. Choosing the right real estate professional for your home selling need can be the difference of losing your home to foreclosure, bankruptcy, or selling your home fast.

There is a time to use a realtor and a time to use a local home buyer. It is important that you choose the right real estate professional for your home selling situation.

If you truly are in a selling situation where you need to sell your house fast then contact your local home buyer, you just may be surprised by the offer you get.

Hybrid mortgages such as interest only loans, adjustable rate mortgages (ARM’s), and other non-conventional mortgages are causing many people to go into foreclosure. Hybrid mortgages were given to people from all walks of life. Hybrid mortgages were mostly used to allow people to purchase more expensive houses and have a smaller monthly payment.

One of the main causes for the recent increase in the foreclosure rate is monthly payment increases. Many hybrid mortgages came with teaser rates. Teaser rates are interest rates given at the beginning of a mortgage for a short period of time. Other mortgages such as ARM’s are also affecting the foreclosure rate with their adjustments. Many ARM interest rates are changing and people can not afford the new higher monthly mortgage payment.

President George W. Bush recently proposed policies designed to help slow the foreclosure rate in America. The proposal will allow people who could not qualify for FHA refinancing, to meet the FHA qualifying standards.

You can be sure that this is not the last legislation we will see that is designed to stop the foreclosure rate from increasing. Real estate is very much a part of our national economy. Excess foreclosures affect our national economy in a negative way. House prices decrease and that causes people to stay where they are and not purchase more or larger houses. It also affects the number of second homes being purchased. If people thing their property value is going to go down after they purchase, they will wait until they think the market is at its lowest point before buying. 

The new proposed legislation is expected to help the real estate market and most importantly people who are falling into foreclosure and loosing their homes. The problem is the proposed legislation will not help everyone loosing their house to foreclosure. If you are in a situation where you need to sell your house fast to stop foreclosure then contact your local FHA office. If you do not qualify for their current refinance standards then contact your local home buyer.

It is important you know each state foreclosure laws are different. If you are getting foreclosure information from websites or magazines, you need to know that the information you are reading is relevant to the state you live in. It is much safer to contact your local home buyer and find out your options.

Local home buyers purchase many houses before they are lost to the bank and the foreclosure process. Selling your house fast will stop the foreclosure process and save your credit. Local home buyers will also let you know your options when it comes to foreclosure. It is important to know your states foreclosure law, because each state is different.

While main stream median states that nearly 50% of marriages end in divorce, the number is actually closer to 40%. In 2004, 37% of marriages ended in divorce and in 2005 that number increased to 38%.

States across the nation are experiencing an increase in divorce rates and at the same time reporting a decrease in marriages. Idaho is a perfect example of a state reporting these divorce and marriage statistics.

In 2004 Idaho reported 6,922 divorces, in 2005 that number raised to 7,126, then in 2006 the number of divorces in Idaho raised again to 7,500. During the same years (2004-2006) the number of marriages in Idaho decreased year after year. In 2004 there were 14,997 marriages, in 2005 that number decreased to 14,935, in 2006 the reported marriages dropped again to 14,811.

No matter what state you live in, if you are going through a divorce you should know you are not alone. While going through a divorce there are many decisions to make and none are easy. There are financial decisions, family decisions, asset decisions, and the list goes on.

Most likely the largest financial and asset decision you and your soon to be ex will make is what to do with your house. For most Americans their house is their larges asset and biggest investment.

There are basically two options to solve your house and divorce situation. One option is for one person to keep the house. The other option is to sell your house fast.

If one of you decides to keep your house it will require you to refinance your house and split the equity with your spouse. This solution is typically not the best choice because now there is only one income to pay the total mortgage payment instead of the combined two. Also, after refinancing your house the new mortgage payment will be higher.

The other option is to sell your house fast. There are basically three options you have to sell your house and only one of them solves the selling situation fast.

Selling your house FSBO definitely will not sell your house fast. It will involve you cooperating with your soon to be ex and doing things together. You will have to keep paying all the mortgage payment, utility bills, etc. before your house sells, and you will have to deal with potential buyers.

Another not so easy option is to list your house with a real estate agent. This option also requires cooperation with your spouse. You still have to keep paying all of your house and utility bills. You have to have your house in excellent condition so potential buyers can walk through your home and see if they like it. Another negative aspect of listing your house is the large commission you will have to pay your real estate agent, if and when your house finally sells.

The best option is to sell your house fast to sell it to a local home buyer. Local home buyers purchase many houses each month from people going through divorce. They are courteous to the selling situation and spouses do not have to deal with each other through out the transaction.

Lets face it, divorce is never an easy situation and is almost always a very emotional time. If you need to sell your house because you are going through a divorce, consider selling it to a local home buyer. Your local house buyer will solve your selling situation fast and be sensitive to your situation. You can sell your house fast and get on with your life.