by Phil Hoover, Real Estate Broker

Boise Home Sellers: The Sale After You Sell

Many (most?) sellers heave a sigh of relief when they achieve an accepted offer and their listing agent proudly installs a SOLD rider on their sign.

What they don’t realize is that they will probably have to negotiate a second sale; the sale after the home inspection.

Home inspections almost always reveal some issues needing repairs.

Sometimes those issues are minor, but they can also be significant ~ like water in the crawlspace, a worn-out roof, or a HVAC system that is beyond its useful life.

Those repairs usually must be negotiated between buyer and seller and if the seller refuses to make repairs requested by the buyer, the deal can collapse.

It’s somewhat rare for a sale to fall through due to repair issues, but it can happen.

That’s why sellers need to understand that negotiating inspection repairs is the second sale when they sell their home.

 

April 22nd, 2014 Posted in Seller Stuff | Print This Post Print This Post | No Comments »

Idaho Unemployment Rate Drops Again

We’re putting people back to work in Idaho!

Idaho’s unemployment dropped to 5.2% in March, the lowest rate in the past  5½ years.

Much of the drop can be attributed to our robust construction industry with residential and commercial construction sprouting all around the Treasure Valley.

The national unemployment rates was 6.7% in March.

Idaho’s unemployment rate has remained below the national unemployment rate for the past 12 years.

 

April 21st, 2014 Posted in About Our Area, Uncategorized | Print This Post Print This Post | No Comments »

My German Shepherd Easter Bunnies!

Easter 2014

Easter 2014

Easter 2014

 

April 20th, 2014 Posted in A Day In My Life | Print This Post Print This Post | No Comments »

Eagle, Idaho ~ Balloons in Brookwood Subdivision

Lots of excitement in Brookwood this morning with two hot air balloons in our neighborhood.

One landed just down the street and the other one passed over my home minutes ago.

It’s a beautiful Spring morning for a balloon ride!

Brookwood Balloon

Brookwood Balloon

 

April 19th, 2014 Posted in Around Eagle | Print This Post Print This Post | No Comments »

Boise Homes For Sale: Why Listings Are Like Fruit

I wish I had a nickel for every time I’ve heard a seller say “You can always come down, but you can’t go up!”

The simple truth is that overpriced homes don’t sell unless you’re in a red hot seller’s market.

The Boise real estate market, while currently healthy, is not a red hot seller’s market in most price ranges.

A seller’s worst enemy is a long days on market time in MLS.

I know, because I currently have a listing that I took earlier this year after it was severely overpriced while listed with another agent for six months last year.

The home shows well, is located in a very desirable Eagle neighborhood, but remains unsold because buyers and buyer agents think there’s something wrong with it when they see the DOM (days on market) counter at 283 days.

The sweet spot for achieving a sale is within the first 30 days of listing.

New listings, especially those that are priced correctly and in good showing condition, create excitement.

That excitement goes away quickly if the property remains unsold.

Failing to sell within the first 30 days usually results in one or more price reductions.

Buyers and their agents view price reductions as a sign of weakness, which results in lower offers.

Listings are like fruit ~ they don’t get better with time.

It pays to price your home to sell quickly!

 

April 18th, 2014 Posted in Seller Stuff | Print This Post Print This Post | No Comments »
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