Activity is picking up in the real estate market in Boise Idaho and surrounding areas such as Eagle, Meridian, Nampa and Caldwell. Our marketplace is seasonal and most real estate buying activity takes place from late winter to late spring and early summer with activity peaking in the April/May time frame. For example, here's the statistics for homes sold in Ada County for 2010. You will notice that the activity peaks in April, May and June.
If you are looking to sell your home in today's market, you must be competitively priced and start the marketing no later than mid to late February. You want to sell into strength as the activity climbs rather than sell into weakness when the majority of buyers have already found homes and are in contract.
Yes, the equity seller will continue to compete with REO's and short sales. However, we are noticing that buyers are pulling out of short sale contracts and looking at REO's and equity sales. They are tired of waiting and not knowing whether or not they will close on the property. Therefore, for the equity seller, there may be a "non-distressed" premium in some cases.
Please call or email us if you have any questions about selling your home.
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Market Pro
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com
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