The Importance of Planning Ahead

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You’ve probably heard the saying, “If you fail to plan, then you plan to fail.” These days, this is especially true when it comes to “planning” for the home loan process, according to this source. It is so important for homebuyers to work closely with a reputable commercial real estate lender to get pre-approved, which gives them written documentation that they have the full support of a lender. There are alternatives of course. You can use payday loans as a replacement, or you could use it to combine into a greater buying budget. In the case of the sellers, they have been known to take an offer from a pre-approved buyer more seriously because they know that financing is in place and the deal is secure. Note that pre-approval is NOT the same as getting pre-qualified, which does not involve completion of a loan application that is reviewed by an underwriter.

Here are just some of the reasons homebuyers should get pre-approved…as early in the loan process as possible!

  • They’ll have time to correct errors on their credit report that could prevent them from receiving the lowest possible interest rate…or a loan at all.
  • They won’t look in the wrong price range for a home and be disappointed by what they can really afford, or surprised at what they could have afforded.
  • They’ll know the amount of money they’ll need long before closing.
  • Online calculators are notoriously inaccurate and set wrong expectations.
  • In today’s market, many sellers won’t allow showings to buyers who aren’t pre-approved. Think about it: Would you uproot your family for a buyer who isn’t a real prospect to buy your home?

The loan process is the last place people want any surprises to come up. Planning ahead and getting pre-approved are two of the best ways to make sure the loan process goes smoothly.

Brought to you by:

Eric Leigh
 Mortgage Consultant
Idaho First Bank
Phone: (208) 880-0316
Fax: (208) 947-0441

ITS THE PRICE THAT SELLS A HOME

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A straight and to the point article written by Blanche Evans w/Realty Times . . .

You’ve heard the old saying – “Location, location, location.”

The real truth is “Location, condition, and price.” And price trumps every other factor.

Location affects the value of a home, but it’s price that sells a home.

Oceanfront, mountainside, or penthouse, the most desirable location in the world won’t sell at the wrong price.

Every property has a potential buyer, but like rock, paper, scissors, it’s sometimes hard to know which factor is going to win the showdown.

A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won’t be as a high as it would be for a good location.

A home in good condition will sell for a fair price. A home in poor condition will also sell at a fair price. Again, it won’t be as high as a comparable home in better condition.

But neither location or condition will sell any house. Only one thing does that – price.

So if you’re a seller waiting for that “special buyer” who will appreciate your faded pink and black bathroom tile, your vintage orange shag carpet and is willing to help you put your kids through college because of your real estate prowess, you’re going to have a long wait.

So if your home is represented by an agent, and it’s been on the market for a long time, chances are it’s your own fault.

Maybe you didn’t listen to your agent when he said you’re pricing your home above the market. Maybe you got mad at the first few folks who looked at your home and didn’t make offers.

When the showings stopped completely, maybe you accused your agent of not doing a good enough job.

You put the blame on everyone except where it belongs – on you. It’s not about you, what you want, or how much you need for your retirement.

It’s about the price.

 

HUD Home for Sale

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1976 W Ridge Pointe Avenue  Nampa, ID  83651

HUD home located within a well-kept community near services of all types! Interior features  of  this 3 bedroom, 2 bathroom, 1400 sqft home include recessed lighting, a skylight, updated fixtures, vaulted ceilings, breakfast bar, rounded corners, a split bedroom design & large master suite. The fully fenced exterior holds a cozy front porch, N facing back patio & durable vinyl siding. Priced at only $117,000—that’s only $83 per square foot!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $117,000 while placing 3.5% down (4.5% interest rate—taxes and insurance(s) included) would be at or around $800.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

Please visit https://trustidaho.com/search/#PropertyID=72807911 to view detailed information and additional photos of this HUD home for sale.

Nampa HUD Home

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

It Really is Better to Own Rather Than Rent

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Reason 1: Mortgages are cheap
Even though rates have spiked about 1% over the past year or so, at a 4.5% interest rate, 30-year mortgages on hua hin homes for sale are still very cheap on a historical basis. This is significant because in many cases, it is actually cheaper on a monthly basis to own a home than rent. Even renting through an agency with no fee rentals, you’re more likely to end up getting a better deal on having your own place. In the market I live in, $350,000 gets you a relatively basic three-bedroom home, and I live in a hurricane-prone area, so we have to make sure we have a good home insurance, which brings the total mortgage payment on a $350,000 house to about $2,400. The same house would easily command $2,700 per month in rent.

Reason 2: Your life, your way
Want to get a new family pet? Go for it! Want to landscape your yard, put in a pool, add on another bedroom, or remodel your kitchen? These are some things that are out of the question in virtually any rental situation and can be as easy as applying for a building permit if you own your own home.

If you’re a dog lover, finding an apartment can be a nightmare. Many of my friends who rent their houses are stuck with kitchens that look like something from a 70s TV show, and their landlords seem to be in no rush to update anything. The freedom to make your home truly your own is one of the best reasons to buy a house.

Reason 3: Credit
This may seem somewhat unimportant, since most people in a position to buy a house already have very good credit. Regardless, a mortgage will certainly report to the credit bureaus, and a rental company will almost certainly not. There are few items on a credit report that demonstrate financial responsibility and general stability in life better than a long history of on-time mortgage payments.

Reason 4: Equity
Having equity that can be tapped into if necessary is a big plus for homeowners. Having equity in your home is not only important to help pay emergency expenses, home improvements, or your kid’s college tuition, but simply having the equity available to you makes it much easier to get a loan for almost anything else. But having bad credit can make it difficult to get a loan, you can get a bad credit loan here. If you have, say, $75,000 in home equity, a bank will feel much better loaning you $20,000 to buy a boat than if you were renting an apartment.

Reason 5: Not an investment, but still much better than renting for your financial health
Even though I’ve said your home is not a good investment, at least in the traditional sense of the word, it is still exponentially better for your long-term financial health than being a lifelong renter.

Let’s say you buy a $200,000 house, and you put $40,000 down. This would make your mortgage payment $810.70 for 30 years at a 4.5% interest rate. At the end of the 30 years, you own the home free and clear, and hopefully it’s appreciated significantly in value.

If you pay the same amount in rent, after 30 years, you’ll have paid a total of $291,852 in housing payments. This is also a glorified scenario, as rental rates usually rise over time, making your actual total even more. At the end of 30 years, you’ll have absolutely nothing to show for all of the money you spent.

So, while owning your home only provides 3%-5% annual returns on a long-term basis, this is still far better than paying out hundreds of thousands of dollars and not building any equity whatsoever. Homeownership is still the way to go!

Call me at 208-869-3469 to discuss your options for owning your very own home!!

Source: Matthew Frankel, stockmonkeys.com

GREAT BOISE PROMOTIONAL VIDEO!

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HUD HOME–$450 Approx. Payment with 3.5% Down

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HUD HOME FOR SALE

30 S Fairview Street  Nampa, ID  83651

HUD Home situated within a well established area near parks, schools and services of all types and containing 3 bedrooms, 1 bathroom and 1124 square feet! Interior features of this partially updated home include a wood burning fireplace, built-ins, ceiling fans, storage areas/pantry, over sized rooms & newer cabinetry. The fully fenced exterior holds mature landscaping, a large covered back patio, newer roof & durable vinyl siding. Priced at only $73,000—that’s only $65 per square foot!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $73,000 while placing 3.5% down (4.5% interest rate—taxes and insurance(s) included) would be at or around $456.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

Please visit https://trustidaho.com/search/#PropertyID=71869394 to view detailed information and additional photos of this HUD home for sale.

Nampa HUD Homes for sale

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $850 per month in rental income (not to mention future pricing appreciation).

Move-In Ready HUD Home for Sale!

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11286 W Silver River Loop  Nampa, ID  83686

Like new & ready to move into HUD Home situated w/in a friendly community near services of all types and containing 4 bedrooms, 3 full bathrooms and 2201 square feet! Interior features include a plethora of storage, ample bedroom sizes (including 1 bedroom on main level), a bonus room/loft, gas range, recessed lighting & an open kitchen/eating area. The fully fenced over-sized lot holds a cozy covered back patio. Priced at only $156,000—that’s only $70 per square foot!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $156,000 while placing 3.5% down (4.5% interest rate—taxes and insurance(s) included) would be at or around $900.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

HUD homes in Nampa

 

HUD homes in Nampa

 

HUD Homes for sale

Please visit https://trustidaho.com/search/#PropertyID=71756340 to view detailed information and additional photos of this HUD home for sale.

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $850 per month in rental income (not to mention future pricing appreciation).

EQUISITE ACREAGE PROPERTY FOR SALE

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8944 Quail Ridge Drive   Nampa, ID  83686
6 Bedrooms, 4 Bathrooms & 4726 Square Feet
3.57 Acre Horse Set-up

One of a kind! An exquisite 3.57 acre home site emanating privacy, wonderful views & beautifully landscaped grounds. The interior features expansive hardwood flooring, tile & granite along with vaulted ceilings, a gourmet kitchen w/Viking appliances, a luxurious main-level master retreat, spacious bedrooms & a media room with gas fireplace & wet bar. The exterior grounds present fenced pasture area for horses, a round pen & grooming rack. The substantial shop contains horse stalls & a plethora of storage. The over-sized covered back patio overlooks the surrounding area along with the nearly new in-ground pool. The entry leads to an impressive great room filled with wide-plank hardwood floors, natural light, built-ins & a cozy fireplace. The interior design of this amazing estate property provides flexibility and space for guests and family. The kitchen also boasts a middle island chopping block, prep sink, stainless steel appliances, custom cabinetry, crown molding & granite.

Please visit https://trustidaho.com/search/#PropertyID=70988924 to view detailed information and additional photos this home for sale.  The photo tour can also be viewed at:  http://tours.tourfactory.com/tours/tour.asp?t=1085209

Call today for additional information or to view the interior of this home!

Well-Kept HUD Home for Sale

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HUD HOME FOR SALE

HUD home for sale in Nampa

2930 S Juniper Street  Nampa, ID  83686

HUD Home located within a desirable community near services of all types and containing 3 bedrooms, 2 bathrooms and 1114 square feet! Interior features include vaulted ceilings, a split bedroom design, recessed lighting, dual vanities, ceiling fans & plant shelves. The fully fenced exterior holds RV parking with dual gates, an east facing back patio, mature landscaping, rock beds & a storage shed. Priced at only $97,000—that’s only $87 per square foot!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $97,000 while placing 3.5% down (4.5% interest rate—taxes and insurance(s) included) would be at or around $610.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

Please visit https://trustidaho.com/search/#PropertyID=70652889 to view detailed information and additional photos of this HUD home for sale.

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $850 per month in rental income (not to mention future pricing appreciation).

PARTIALLY UPDATED HUD HOME!

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840 Bonnie Brae Drive   Nampa, ID  83651

HUD home for sale

Partially updated HUD home situated within a well-established community near parks, schools & services of all types and containing 4 bedrooms, 3 bathrooms and 1672 square feet! Interior features include corian counter tops & breakfast bar w/in kitchen, ceiling fans, wainscoting, large bedrooms & durable laminate/hardwood flooring. The fully fenced exterior holds mature landscaping, RV parking potential & a north facing back patio. Priced at only $114,000—that’s only $68 per square foot!

The seller of this HUD home for sale may provide a closing cost credit of up to 3% to be included with the purchase of this home.

An approximate monthly payment for this HUD owned Nampa home for sale at the asking price of $114,000 while placing 3.5% down (4.5% interest rate—taxes and insurance(s) included) would be at or around $687.00  monthly—why rent?!?  **qualified 1st time homebuyers may be eligible for programs which offer $500 down payment options**

Please visit https://trustidaho.com/search/#PropertyID=70521991 to view detailed information and additional photos of this HUD home for sale.

Interested in obtaining information on all HUD owned homes for sale?  I am happy to forward a list of available HUD owned homes within 24 hours upon obtaining your request.  Please call me at 208-869-3469 or send your request to:  [email protected]

Call today for additional information or to view the interior of this or alternate HUD  homes for sale!

**INVESTORS—call me now if you’re sick and tired of your hard earned funds sitting in non-performing stocks or low interest bearing savings accounts.  The time is NOW to invest in real property that will obtain at least $850 per month in rental income (not to mention future pricing appreciation).