The Real Deal Blog

Jared's Top 5 Deals of the Week!

Top 5 Deals of the Week

Here is this weeks list of my Top 5 deals in the Boise area real estate market.

Top 5 Deals of the Week:

Under 100k

100k-200k

200k-300k

300k-700k

Home inventory is at an extremely low level AND we are seeing very strong signs that we may have seen bottom.  This is the year that people are going to be saying in 2 years, “I wish I would have bought in 2011!”  (You can hold me to that quote in two years if you remember!)

Front Street Brokers specializes in helping buyers find the best of the best foreclosure deals in the Tresure Valley. I strongly suggest if you are having trouble finding what you are looking for, give us a call and let us see if we can help you find what you are looking for. No cost or obligation to give us a test drive!

Regards,

Jared Cozby
Front Street Brokers
208-740-5000

Mike's Real Estate Minute - Overbidding on REO's

 The Buzz Word from real estate buyers around the Treasure Valley is “Frustration”.

Buyers are really frustrated.   They are finding amazing deals, making offers, and then find out a couple of days later they were out bid.

This cycle continues for many buyers 3,4,5 or more times before they decide to make an offer well above the list price.

Ask any buyer who is shopping for homes in this Valley and they talk about bidding wars, and multiple offer scenarios.

It is frustrating for buyers to have make decisions as if they were in a seller’s market.  Where they have to rush out to see a home AND have to quickly decide if they will make an offer over asking price.  

Well the reason it feels like it is a seller’s market, is because it is a seller’s market for these well priced foreclosure deals. 

Most ALL of the home buyers are focused on the best foreclosure deals in each price range.  

To make it worse, many foreclosure listings are priced far below the market value, which incites a riot of offers on the property, and ultimately pushes the sell price of the home back up to where it should have been listed in first place.

My recommendation to all the home buyers out there right now is that when you find that perfect home for you and your family, don’t mess around, take swift and bold action, make an offer based on what you think it is worth, and not what it is listed at to have the best chance of success in this market.

Until next week, I am Mike Turner, with Front Street Brokers, and this has been your Real Estate Minute.

New Bank Owned Luxury Home in Eagle, Idaho

New BANK OWNED - 5 Acre Lot with Luxury Home

Located in Eagle's Moon Beam Sub, this location and lot is hard to beat. 

Home needs some updating, it is a little 1990's, but the home you can fix, the lot is priceless.

 

Last sold in 2005 for over 1 million.

Bank Just Listed at: $659,000

Click Here To See the NEW and OLD Listing Info

Mike Turner
Front Street Brokers
208-740-5000

Waterfront REPO in Eagle, Idaho

Just Listed. REO "Bank Owned" 

Gated Community, Private and yet close to everything.

Previously Listed for 900k+

Will go quick. 

 

Just Listed at: $467,900

Click Here To See Listing Details

 

 

 

Mike Turner
Front Street Brokers
208-740-5000

Foreclosure on Acreage With Shop/Guest House

Bank Owned Home with Acre and Shop/Guest House

Price: Just $335,000

This home just hit the market as a bank owned foreclosure at an amazing price.  Total sqft is 4,500+!

Master on the main level.  Great Views.  No Back Neighbors.  Special financing being offered on this home that allows just 3.5% down and closing costs paid!

Click Here To See More Details

Mike Turner
Front Street Brokers
208-740-5000

New Bank Owned Home In Eagle, Idaho

4,000 sqft Home Now Owned By the Bank.

Was previously a failed short sale.  

This home has great views.  Was once listed at over 1 million (which I think was far reaching even then), but still, this home is very nice and only listed at $425k.

Click Here For More Details

 

 

Call me today to set up a showing - 208-740-5000 or call my cell 208-340-8399!

Mike Turner
Front Street Brokers
208-740-5000

Foreclosure on Acreage in Eagle, Idaho

Just Listed - REO "Bank Owned" 5 Acre Lot

 Home and Lot need some TLC, but awesome location, and lot is really good.

Home was built in the 90's so it is dated and need updating, but it is a great price. Perfect for someone who is not afraid to get their hands dirty to improve the the place.  3,100 sqft home with a POOL and large private pond.

Listed Today at: $379,000

Click Here To See Listing Details

 

Mike Turner
Front Street Brokers
208-740-5000

Luxury Home Deals and Foreclosures – March 2011

Click here for Luxury Home Deals and Foreclosures!

Brought to you by Front Street Brokers

 

Welcome to The Real Deal! Join me and Jared Cozby in the KBOI studio as we help to empower you to make better real estate decisions. We will discuss the uproar over the Bank of America foreclosure situation in the national media. Listen to our viewpoint and not all the spin. We also give you some national statistics, does Idaho follow the trend? We spend some time discussing mortgages and refinancing, as well as a recent article about all the foreclosures in Eagle. Want to be informed about the local real estate market? Start listening now.

Click here to listen now:

or here to go directly to my podcast feed:

Mike Turner
Front Street Brokers
208-740-5000

Boise Investment Property

Investor Alert:

Have a look at these investment properties.  I broke them up into types/area so you could focus on what interests you the most.

North End Duplexes -The north end of Boise, is one of the most popular places to own real estate as it tends to stay in high demand, despite the fact the many of the homes are 100 years old.  It is the old part of city that is close to downtown with mature landscaping and a nice feel about it. You pay more for this area of town, but these properties are priced very well for the area.

NW Boise Duplex under 100,000! - this Boise duplex is super cheap, and should produce excellent cash flow and return from day one.

Kuna Idaho Duplex Foreclosure only 63,000 - The small town of Kuna is south of Meridian, and east of Nampa.  It has taken some recent dips from this market, but it is a decent area, so when I saw the price tag of 63,000 for a duplex there I was shocked.  Rents are not that much lower in Kuna than Boise, and what a great way to get into a property with little investment dollars.

Nampa Fourplex Just $124,000 - 4 rentable units for just a $124,000!  That is a little over 30k for   each unit!  This could produce great income for you. 

2 Boise Fourplexes, in good shape under 200,000 - Here is your chance to pick up 2 different 4-plexes in the same boise neighborhood.  Both are Bank Owned and in pretty good shape.  Located close to the Army Base, the Airport, and everything else in Boise.  These properties where selling at $350k+ just a few years ago.

Single Family Investments - These properties are great options to buy and place a long term tenant in, like a lease/own or owner carry arrangement.  With these long term tenants we can place for you,  you will get above market rents and have them responsible for maintaining and repairing the home, which help you avoid frequent expenses that can chew up your monthly cash flow.  This style of investment is recommend for someone who does not want to deal with the property, that is just interest in long term return on their money.

Call Me ASAP if any of these interest you.  208-287-6589