Bob Kratt
Direct:208.286.0384
Cell: 208.695.1875
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Idaho Real Estate

If you are looking for Boise Idaho Real Estate you have come to the right place. You can use my Home Search to view all listed properties in the Intermountain region. If you would like to have all new listing that meet your preset criteria daily just sign into the Dream Home program or my automated home search. When you look under Tour Virtually you will find listed properties and tours of Treasure Valley area subdivisions. I hope you find my website helpful in your search for that perfect property and please do not hesitate to call or email if you have questions.

Buying a Home in a Buyer's Market


When is the best time to buy a home? With many markets reporting an abundance of homes for sale, and interest rates remaining at near historic lows, now might be one of the best times in recent memory. While today’s real estate market does offer advantages to buyers, consumers still need to be savvy in order to get the best deal they can.

Watch Mortgage Rates. Pay attention to the mortgage rates and recognize that buying a new home will likely result in a change in your mortgage rates. How much? A monthly payment of a 30-year fixed 6.00 % mortgage rate on a 300,000 loan is $1,798.65 Principle and Interest. The monthly payment at today’s 4.75 rate is $1,564.94, representing a $233.71 decrease in your monthly house payment. Today’s home mortgage rates are at historic lows, if you are planning to purchase get preapproved for your home loan.

Shop Around. But Don’t Wait Too Long. The National Association of REALTORS reports that, on average, homes stay on the market for 7.5 months. The increased inventory gives homebuyers a great opportunity to compare homes that meet their needs. However, this does not mean that homebuyers should procrastinate. If you find a house you love, put in your bid and negotiate. Don’t provide an opportunity for another buyer to make an offer.

Do Not Try to Time the Market. When home prices are lower, it is very tempting for potential buyers to try to wait as long as possible in the hopes that prices will decline even further. This strategy can be detrimental because when there is high inventory, smart sellers price their homes properly – not according to past sales but according to current conditions – so their homes will sell in a timely fashion. Once a home is priced to what the current market conditions, buyers will make offers. If you are waiting for the very bottom in this buyers market you may miss it. Today’s prices may well be the bottom?

Finally Negotiate on the Incentives. Sellers eager to move their homes may offer you a variety of incentives such as cars, trips, and even credit card bill payment. If you accept an incentive, make sure it makes sense for you. Instead of having your bills paid, you may opt to have the seller renovate the master bathroom or install new flooring. Of course, you can always ask the seller to simply deduct the amount in question from the list price.

If you are considering a good place to retire, the Boise area is one of the very best. The Boise Metro – Treasure Valley Area has numerous retirement developments of senior housing, 55+ communities and assisted living facilities. Many of the senior living communities are located near golf courses. For those who love to golf, this would be a great place to live. When you retire to Boise, you will find the retirement developments are typically located near shopping and major roadways for easy access. Retirement communities are quiet developments for seniors, while offering activities to keep the residents socially connected and involved.

There are an abundance of reasons to retire to Boise ranging from great home values to moderate weather to reasonable cost of living. Retirement communities in the Boise Area range from nice, comfortable mobile home parks to high-end homes designed specifically for senior residents. Most 55+ communities are gated for additional security. Typical senior housing will have spare bedrooms for guests and spacious living areas to entertain. Retiring in Boise does not mean you will have nothing to do with your time. The area is abundant with outdoor activities for active seniors who are not ready to slow down. If you choose to keep yourself busy indoors, there are many events that retired, seniors would appreciate. Boise has a number of museums, historical sites to visit as well as countless opportunities for seniors to volunteer their time and expertise.
For more details of why to consider Boise for relocation and retirement, be sure to choose the "Information" tab, then the "Retiring in the Boise Area" page.
You will find an up to the minute report of all the listings available in retirement, 55+ communities by selecting the "55+ Idaho Communities" page.