Boise First Time Buyers ARE The Market!
With 65% of all Ada County sales under $200,000, it is apparent that first time buyers comprise most of our sales activity.
Many of those eager buyers are confused by the apparent abundance of listing inventory. They see thousands of homes offered on various websites without realizing that many (most?) are short sales that would be nearly impossible to close in time to qualify for the first time homebuyer tax credit that expires on April 30th.
I recently worked with buyers who e-mailed me a list of 30 homes they had seen on the internet, but when I researched them in MLS (I can see data you can’t see), 25 were short sales that already had (multiple?) offers on them.
One of my biggest challenges in this market is finding a clean, sharp, well-maintained home that is a closable property.
By closable, I mean it is owned by a seller who can deliver the property; not a short sale with an unresponsive lender.
I helped a first time buyer purchase a brand-new home last week after reviewing nearly 200 properties and narrowing the field to about a dozen viable candidates.
I negotiated a good price with seller-paid buyer closing costs and an incentive package we used for rear landscaping, fencing, and appliances.
Are you a serious, qualified first-time buyer?
If so, give me a call ~ I will help you find the right home, at the right price, that we can close in time to get the $8,000 first time homebuyer tax credit.
I enjoy helping first time homebuyers achieve their dream of home ownership!
February 18th, 2010 Posted in Inside Real Estate
Print This Post
No Responses to “Boise First Time Buyers ARE The Market!”
By Henry Brown on Feb 19, 2010
I don’t understand the fact why it is taking a lot of time to close the deal in a short sale home. Is it something very difficult to process. because people who are planning to close the deal by the end of April to get the tax credit they should do it really quick in order to avoid any kind of mis happenings at the last moment.