How $4 Gas Affects Boise Real Estate
If you think $4+ gas isn’t affecting local real estate, better think again!
I am hearing from many of my buyers that they want to live “closer in” vs. living in Nampa, Star, Middleton, or Horseshoe Bend.
When you consider the cost of commuting and factor in the time/aggravation of fighting traffic, many buyers are opting to live closer to work.
And, higher gas costs are causing Realtors® to re-think how they do business too.
Realtors® are now having to think twice about giving buyers the free grand tour of the Treasure Valley if they’re “just looking”.
Most experienced agents are now asking their buyers to get their financing pre-approved and sign a Buyer Representation Agreement before showing property.
The other option? Charge buyers to see homes.
Don’t laugh ~ it’s already being done in other areas.
August 21st, 2008 Posted in About Boise, ID
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2 Responses to “How $4 Gas Affects Boise Real Estate”
By Kris Berg on Aug 22, 2008
Phil – I had my first conversation with a seller a week ago where his motivation for moving was gas prices. That is a phenomenon I think we will be seeing more of. Remember, in SoCal, our pump prices are much more impressive than yours! Now, if only moving closer to the grocery store would reduce my food bill, we might be on to something!
By Anonymous on Aug 28, 2008
Another option would be to give a commission break to those customers who come to you with a home in mind already. The system should reward the buyers who are Internet savvy and can find their home on their own. Tiered pricing for real estate agents is long overdue and I think would end up helping you to customize your services to clients.