Real Estate: Tips Before Closing

brickHomeOne of the events that really puts solidity into the idea you are buying a new home is the final walk through. Unfortunately some home buyers don’t be a lot of importance on this act; in some cases just skip over it. But here it is, your new home, and it will only be a matter of time before the keys are in your hands…That alone is reason to be sure to do a final walk through of the home before closing.

A final walk through is a great opportunity to spot any last minute items that may need attention.

Here are a few things you should be on the lookout for:

Repairs: If it is part part of your purchase contract, the seller may have been required to make repairs. Now is a good time to make sure those have been taken care of to your satisfaction.

Major appliances: Be sure that any items that were to remain in the home are still there, and that they are in good working order.

Other Systems: Does the air conditioning, heat, and plumbing all function?

Remote Controls:  Some may see it as a minor thing but remotes to alarms, garage doors and other controls cost money – in some cases quite a lot of money – so be sure you’ve got them all in hand.

Stolen Sod?! Believe it or not some sellers have been guilty of walking off with the shrubbery! Imagine getting ready for your welcome home bbq only to find your lush oasis of a backyard is now bare! Look over what was there originally, what was agreed upon to stay, and talk to your agent if there are any discrepancies.

Closing time for a home can be a little overwhelming – with all the papers to gather and sign, funds to handle, moving – it can be a whirlwind of tasks. But take the time for a final walk through, it just makes good sense to  make sure everything is as it needs to be before you call it your own.


5 Home Buyer Pitfalls

Buying a home can be a very daunting task. It’s not quite like buying a car, which you can test drive and sort of get a feel for before you’re committed. A lot of home buyers find themselves frustrated with searching and searching, only to have to compromise in the end; often on features they had their hearts set on.

While finding right place is only the beginning, and even seasoned real estate buyers can get impatient with how long of a process it can be, what many don’t realize is that they themselves could be one reason for the search turning into a struggle.

Here are five things that buyers do that may cause them to let the right home slip by.

Not working with an agent.
This first one is a biggie. Sure the internet allows anyone to search and view homes online these days, but what many first timers and casual browsers don’t realize is that by working with a qualified REALTOR® you can save a ton of time by weeding out homes that don’t meet your needs. Your agent will know not only what types of homes you find appealing but also know how much home you are able to buy. Need to find an experienced Idaho REALTOR® ? Find them Here!

Seeing the home only as it is.
This comes down to perception really. Some inexperienced buyers might walk into a home and be instantly turned off by some tiny detail, that really, in the end can be changed. Whether this be the color of the paint, or the type of carpet, don’t get stuck on just one negative thing – try to view the whole home as it could be. You may miss a lot of hidden gems if you are too quick to judge.

Overlooking important details.
we’re all only human; letting important details slide can even happen when making a big financial decision like buying a home. It’s easy to compromise on something actually important because it’s less expensive also – even if later we regret it! Because of this it’s a good idea to sit down and make a list of items that are top priority so you will know in advance what things not to compromise on.

Not having an inspection.
Getting a professional home inspection is crucial before buying. Essentially this will be your only chance to “kick the tires” before you’re signing papers and actually owning any problems. Just like with buying a car, you don’t want to be stuck with a lemon; home inspections give you a real in depth health check for your homes current condition – it also gives you a head start on any possible problems that might show up later.

Watching out for these possible problem areas will save you a ton of hassle throughout the home buying process. Whether you are just starting to look for your potential dream home, or have worn holes in your mouse pad searching already Le Bois Realty can help you! Visit our website today to see what we have to offer!

Back in Black? Stay on Track!

With all the hype about how well the real estate industry is recovering the fact that millions of homeowners are still under their upside-down mortgages has gotten for the most part swept under the rug.

However, not all is gloom Corelogic recently reported, as the number of homeowners underwater is in fact down by nearly 2 million since last year with nearly another 2 million more being within 5% of being back in the black.

There are a number of factors these stats, while not great, are still worth a sigh of relief. These conditions give us strong indicators of a greater market recovery as supply has decreased, lending has loosened up slightly, and interest rates continue to be very, very, very low.

If you are a homeowner who has recently finally surfaced and gotten out from under your upside-down mortgage the future it doubtlessly looking a lot more bright. Maybe even so much so that you’ve been thinking about putting this new found freedom to work, but there are things to consider first to avoid a potential return to the depths.

Sell for the sake of selling.
A lot of homeowners who were underwater have the cabin fever, bad. They’ve felt stuck in their location, held prisoner by the hits to their credit  or crom coming up with the shortfall from their own accounts. Just because your home value is finally headed the other direction is NOT the time to be hasty.

One of the most important things we’ve hopefully learned during this time of recession is that we actually need much less than we thought before. Enjoy the simple things, nurture patience, and use this time to save and invest in order to find better financial integrity down the road.

Cashing Out.
Don’t do it. Just don’t. Using your home as an ATM at this point means putting your home itself at risk.

Everyone’s situation is different but borrowing cash against your home likely isn’t a very wise gamble at this moment. You’ve worked hard to finally level things out; while instant gratification always feels great at first you could literally be putting your home on the line. One exception might be if the borrowed funds were to be reinvested into the home itself in the form of smart improvements – which ultimate would increase the value of the home.

Some smart home improvements will generally be things that make the home more comfortable or efficient, like built-in shelving, dual paned windows, or other green energy improvements. Avoid over the top items like a pool, tennis court, or big garage additions which may not appeal to all buyers.

Flipper? Flopper.
As a rough and tumble veteran of the real estate battlefield you may be feeling gutsy, like maybe using some of that new found equity to become the next Trump is a sure win. While flipping homes can be a viable business model for the small investor you do need to be careful as the easiest mistake is biting off more than you can chew – and it can get you into trouble fast.

In many cities the bottom of the market has already passed; there is no guarantee that you’ll be able to flip even a bargain priced home for a profit if the market stays turbulent. It’s likely unwise to risk your just recovered mortgage status in today’s volatile and uncertain investor market — especially if you’re just getting back on your own feet.

Do you have questions about investing in Idaho real estate? Maybe you are a homeowner still underwater and not sure where to turn. Le Bois Realty can help you either way! We’re glad to help investors find great properties here in the Treasure Valley and we are especially adept at helping homeowners understand mortgage, foreclosure, and short sale processes. Contact us today to find out how we can help!


Homes of the Future!

Innovations in design and new technologies are reshaping the way we live every day and in the future our homes will be changing as well. Automation and information will with hope provide new levels of comfort and ease for the homeowner of the future. Some of these idea’s may seem far fetched, but it’s important to remember –  even though we still don’t have our hover-boards yet! – that the science fiction of today often becomes the science fact of tomorrow!

Recently the 2012 Pacific Coast Builders Conference put on display some of the leading new developments in future home tech. Advanced home security systems will include things like windows that can alert you if they are not locked or get broken. Super Solar Shingles that will actually do more than just keep the rain out by harnessing the sun’s power to run your home. Smart Sprinklers that will monitor soil liquidity and only water the grass when it’s needed – not when it’s raining!

Check out these advances and more over at Houselogic.

If you’re looking for TODAY’S NEW HOMES head on over to our main website to start your search or to find an agent to help you get into just the right place.


Hello Boise Idaho!

We are Le Bois Realty and we’ve been a part of the Idaho Real Estate Industry for over a decade! Our team of dedicated and experienced REALTORS® have the skills you need whether you are looking to buy or sell your home.

MORE than just someone to help you find the property you want, your Idaho REALTOR® can help you negotiate effectively. There are hundreds of negotiating factors beyond price, financing, terms, date of possession as well as the exclusion or inclusion of repairs and furnishings. Your REALTOR® can also advise you at to which investigations and inspections are recommended or required.

We look forward to being able to serve you by providing the best homes online as well as by sharing great real estate news and information that effects you!