Meridian’s new 13,800 square foot senior center has opened in the beautiful new Julius M. Kleiner Memorial Park.
The new facility features areas for exercise, arts and crafts, pool tables, cards and games, a library, and will soon add computers.
The new center also plans to have health screenings, bingo nights, and exercise classes.
The cost to join?
Just $5 a year!
May 31st, 2012 Posted in About Meridian, ID |
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The new Fred Meyer Superstore in Eagle Island Marketplace at Chinden Boulevard and Linder Road is nearing completion.
Interior finish work is underway, signage has been installed, and landscaping is nearly done.
Next up is stocking the store and preparing for the Grand Opening on June 22nd.
This beautiful new store will be a huge plus for everyone living in Northwest Meridian and Eagle!
May 30th, 2012 Posted in About Eagle, ID |
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Let’s assume that you’re a buyer in the Boise real estate market these days.
In the past two weeks, you’ve seen 34 homes; eight of them sold before you could write an offer.
You made full-price offers on five homes, competing with multiple offers on each, only to learn that you lost out because all of them sold above the asking price.
You’re frustrated, exhausted, and about to give up, but you finally find the perfect home and offer $10,000 more than the asking price.
Your offer is accepted and now the fun starts.
Why?
Because the home must appraise at the sales price in order for you to get your loan.
The appraiser is required to follow strict guidelines to ensure that your lender doesn’t loan more than the corresponding loan-to-value percentage.
The appraiser’s job is to ensure that the value is adequate for the lender; not to rubber-stamp the price the buyer and seller have agreed upon.
When a property fails to appraise for the sales price, the seller can adjust down to the appraised value or the buyer can come up with the difference in cash at closing.
I don’t see many buyers these days who are willing to cough up the cash difference when a property doesn’t appraise.
If buyer and seller fail to resolve the difference, the deal will fall through.
That means both buyer and seller get to start all over again, which is no fun for anyone involved, including the listing agent and buyer’s agent.
We currently have 1,272 pending sales in Ada County, many of which sold above the asking price.
It will be fascinating to see how the appraisals work out on those transactions.
I don’t envy appraisers in markets like this one.
May 29th, 2012 Posted in Inside Real Estate |
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May 28th, 2012 Posted in About Our Area |
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Low real estate prices have combined with low mortgage interest rates, allowing affordability to achieve record levels during the first quarter of 2012.
A survey by Wells Fargo Bank revealed that 77.5% of all homes sold during the quarter were affordable to buyers with the national median household income of $65,000.
The Indianapolis, Indiana market was the most affordable with 98.5% of homes sold during the period affordable to buyers with a household median income of $66,900.
The New York metro market was least affordable where only 31.5% of homes sold were affordable to buyers with a household median income of $68,200.
Interestingly, the median sales price for a home in the New York metro market was $400,000.
It’s good to be in the Boise real estate market!
Source: DSNews.com article
May 27th, 2012 Posted in Inside Real Estate |
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