The Real Deal Blog

Emilia Turner is 3

My Daughter Emilia Just Turned 3!We had a great Birthday Party for her yesterday.  

"As you can see she was very excited about her birthday cake! "

Foreclosure Frenzy

Welcome to The Real Deal!  Join me and my partner, Jared Cozby, in the KBOI studio as we discuss the new foreclosure statistics and what it means for you.  Is demand keeping up with the foreclosure supply?  Will the market be flooded with foreclosures?  Start listening now to have these and other real estate questions answered.

Listen to my podcast here:

   or --------> click here to go directly to my podcast feed

 

Mike Turner

Radio Show Host
Top Idaho Real Estate Broker
Broker of Turner Real Estate Group
Mike@TurnerAgents.com
http://www.Turner-Homes.com

New McCall Luxury Repos

 Very Nice McCall Home 

Home is on 3.75 acres and has a detached Guest House!  Owned by Bank of America, if you want to purchase with financing, the bank is requesting you get pre-approved with them, BUT you don't have to use them for your loan. 

Was listed at $956,000 - Now $545,000

 

 

McCall Repo 

4,700 square foot home sits on 1 acre in McCall.  This home is a new Repo with great views of Payette Lake area.  This home is very close to everything in McCall. 

Just listed at $385,000

 

 

 

CALL ME TO SET UP A SHOWING - 208-340-8399

 

If you want to search Bank Owned homes on your own, then just sign up for my NEW software at http://TurnerMLS.com  - Once you sign up and log-in you can search all available homes or JUST foreclosures if you want.  This is a free service.

YOUR LUXURY HOME SPECIALIST - We find the deals you want!

 

Mike Turner - info@IdahoLuxuryForeclosures.com

 

 

 

Turner Group

7978 W. Fairview Avenue

Boise, ID 83704

208-287-6589

 

Local Market Trends - What is Going On?

Welcome to the Real Deal!  Join me and my partner, Jared Cozby in the KBOI studio as we give you a different perspective on real estate.  We discuss the latest trends in the marketplace, both locally and nationally – have we hit the bottom?  As always, I will reveal my top 5 deals of the week- start listening now!

 

Listen to my podcast here:

   or   <------- click here to go directly to my podcast feed

Mike Turner

Radio Show Host
Top Idaho Real Estate Broker
Broker of Turner Real Estate Group
Mike@TurnerAgents.com
http://www.Turner-Homes.com

NEW REPORT: Luxury Home Deals - $500k+

Download my latest Real Deal Report on Luxury Homes over $500,000.

There are lots of amazing deals in this price range, and is fun to have a look even if you are not able to buy a home in this price range at this time.

Click the link to download the Report: http://idahohomes.typepad.com/May20Lux3.pdf

Call or Email if you have any problems opening, over viewing the information. 

Sincerely,

Mike Turner - Foreclosure Broker

Mike@TurnerAgents.com - (ph)208-287-6589

Top 5 Deals

If you were listening to today's radio show, you heard us talking about great foreclosure deals available for Investors.  Now that the First Time Home Buyer Tax Credit is over, there is a lot less competition on these single family starter homes. 

This foreclosure hot list is focused on Ada County, homes below $130,000, that make great investment properties because they are homes in good areas, always in demand, and once were selling near or above 200,000, a couple of years ago. 

Click Here To See Our Picks - link expires after 30 days

Who Should NOT Invest in Real Estate?

Welcome to the Real Deal!  Join me in the KBOI studio as I give important real estate investment tips.  Don’t jump into the real estate market and get burned.  Not everyone is ready to invest, are you?

 

Listen to my podcast here:
   Or <--------- click here to go directly to my podcast feed

Mike Turner

Radio Show Host
Top Idaho Real Estate Broker
Broker of Turner Real Estate Group
Mike@TurnerAgents.com
http://www.Turner-Homes.com

New Luxury Condo Deals!

Have you ever wanted a tricked out condo downtown or near the ski lifts?

Here are a few really cool options for you:

 

LUXURY HOME IN TAMARACK

They were advertising these condos for $850,000 - $1,500,000 a couple of years ago.  Bank just listed one at $214,000.  WOW!  Tamarack is partly shut down now, but just think of what this place will be worth once it is back up and running.  Condo is located inside the main resort which overlooks the golf course and the lake!

  DOWNTOWN  BOISE CONDO

Check out these two condos on the corner of 10th and Main Street.  Great location, big price drop.  Both were listed for well over $400,000, now one is at $270,000 and $315,000.   Special bank financing with down payment as low as 3.5%.

DOWNTOWN BOISE CONDO

Primo spot in the CitySide Complex - 2 bedrooms, 2 bath condo.  They call this unit the Point because it has views on three sides.  Price has fallen from $475,000 down to $350,000.

McCALL CONDO - 1/2 BLOCK TO LAKE

 This condo has 4 bedrooms and is now a short sale foreclosure.  So far the price has dropped from $625,000 down to $415,000.  My recommended offer price would be $335,000.

 

 

 

3 BEDROOM MAIN STREET LUXURY CONDO

 A Boise condo located on the corner of 11th and Main is up for short sale.  They are asking $525,000 but make a low ball offer and see what they say.  This complex is first class.

 

 

 

CONDO IN THE GROVE HOTEL

   Enjoy all the amenities of the Grove Hotel but actually have your own condo on the 15th floor.  Seller is really motivated, they have dropped their price from $1,075,000 down to $745,000.  This is a very unique opportunity.

 

 

CHECK OUT THE VIEW OF THIS BOISE CONDO

    Located in the new Front Street Condos, this unit is awesome.  The sellers are asking $1,150,000, but they are distressed, so make an offer.  I would try a $650,000 offer and see what they say.  This is a very cool place to hang your hat.

 

 

LET ME KNOW IF ANY OF THESE PIQUE YOUR INTEREST!

Mike Turner

mike@turneragents.com

www.TheRealDealBlog.com

Turner Group

7978 W. Fairview Ave

Boise, ID 83704

208-287-6589

How Important is Your Credit Score?

How Important is Your Credit Score?

Did you know that you can own a Mercedes for less than what you'd pay for a Ford? Believe it or not, your credit score could determine what you drive.

With a below average credit score of 550, you'll be forced to accept an 18% interest rate and pay $702 a month for a Ford Fusion with a manufacturer's suggested retail price of $27,431.
With a credit score of 750 or better, you'll be offered a 5.5% interest rate and pay only $622 a month for a Mercedes C230 Sport with an MSRP of $32,089.

Nothing against Ford, but why pay $720 for a Ford when all you have to do is increase your credit scores to start driving a Mercedes or a BMW for almost a hundred dollars less each month!

When you have the right credit scores, you'll pay almost $100 less a month. What a great concept; paying less to drive a nicer car. And you can do exactly that when you increase your credit scores.

And credit also determines how much you pay for a home...insurance...whether you get a job (your potential and current employers can legally look at your credit reports and not hire you or even fire you if they don't like what they see).

Credit scores even determine what you'll pay for your utilities in some cities. That's right, if your next door neighbor has higher credit scores than you, you may be paying more than him or her for your electricity.

Now do you see how important your credit scores are? Can you see how much easier good scores can make your life?

To find out how to increase your credit scores and secure a better financial
future, request a special report at:

https://m291.infusionsoft.com/go/credit/mturner

When you request this special report, you'll learn how to pay less money for the things you want in life.

https://m291.infusionsoft.com/go/credit/mturner

What Are We Supposed to Believe?

What Are We Supposed to Believe?
By Mike Turner
with contributions from Rob Minton and Webb Charts
 
There's a news website I visit from time to time that collects links to different sorts of articles and posts them all in one place.

Recently, this site -- in two different places but close to one another -- posted links to articles with the following headlines:

"No 'frenzy' to beat homebuyer tax credit deadline"

"Selling frenzy as homebuyer tax credit nears end"

Those are conflicting headlines to say the least! So what's a reader supposed to think?
The first headline links to an article on CNNMoney.com. The article says that while the April 30th expiration of the tax credits  led to an uptick in home sales, there hasn't been a last-minute frenzy to get deals signed before the expiration.

As you might guess, the other article -- from the Associated Press -- says there HAS been a frenzy as buyers try to get deals done before the deadline.

The two very different messages illustrate a point that deserves our attention:  During this time of economic recovery the media can confuse the average person. This is a glaring example of the mixed messages the public has been sent regarding the economy. When it comes to the housing market, people are unsure what to believe.

The result is a tendency not to believe anything we read. Or at least to simply take bits of information from what we read and form our own opinions.

For example, nationally new home sales were up 27 percent in March from the month before, the biggest increase in 47 years, according to the AP article. Sales of existing homes were up a substantial 7 percent. Is that a "frenzy?" That depends on your own personal interpretation of the word, doesn't it?

And that's the point. If we make our decisions or shape our opinions based on others' interpretation of events, we are on dangerous ground. It's part of why there is so much confusion surrounding real estate markets these days. So-and-so says it's a great time to buy; but this So-and-So says real estate is a horrible investment. It's no wonder potential buyers and investors are confused.

On one shoulder, they have a little bird telling them they have the buying opportunity of a lifetime. On the other shoulder, another little bird is telling them to take no action. What happens? The conflicting information causes paralysis.

The best advice is to take what information you can from each little bird and form your own opinion. Let the media INFORM your decision, but don't let them MAKE it. Otherwise, because of the often-conflicting perspectives, you'll never get anywhere.     

Here are some Local Real Estate Statistics so you can see the what is happening here in Idaho's Treasure Valley.
1.  Sales are up UP 54% from this same month last year.  Eleventh month in a row for an increase over last year's same month.  
2.  Pending sales are up 15% from last month, up 34% from this same month last year.    
3.  Average Cost of a home sold this month  - $180,172.  This is down 4% from last month; and a 14% decrease from this same month last year. 
4.  Resale Median this month - $149,000.  This is down 6% from last month; and a 13% decrease from this same month last year. 
5.  Inventory Levels Keep Falling.  22nd month in a row, inventory levels are below one year ago.  And the 9th month in a row that inventory is less than 3 years ago! 
6.  Inventory VS. Sales Snap Shot: 5.2 Month Supply of April 2010 is down from 6.3 month's of inventory last month and well below 2008 and 2009 levels at this time.  January 2009 set the all time new record high at 16.7 months of inventory.  Maybe that was the bottom, or at least the darkest time for real estate.
7.  Resale selling odds, using a "2 month rolling average" for sales is down to 5.5 from 7.5 last month.  February 2009 set a record high of 15.6. Last year at this time there were 12.2 months of inventory. 

Mike's Take A Ways: The market actually is really healthy looking.  Shockingly low inventory levels, coupled with very high demand = Pressure to drive up prices.

Demand is currently out pacing the new foreclosures coming on the market, this will help reduce the impact of foreclosures on the market.

Average Price of Homes Sold in the valley have decreased.  This is partly from home buyers acting more conservative then they did in the past.  They are buying below their budget, rather than buying the max they can afford.

The biggest danger to the market place in 2010: 1. Interest Rates Increasing, 2. Potential Higher Unemployment Rate (Currently both these threats are holding steady, but time will tell).