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!

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Idaho Real Estate Myths Debunked!

It’s myth busting time! Le Bois Realty has it’s hand on the pulse of real estate here in the Treasure Valley. We’ve heard rumors and rumors of rumors and things you might’ve heard from someone who heard it from someone else and it’s high time some of the misconceptions concerning real estate were dispelled! Is it a good time to buy? It is not? What are mortgage rates doing?

MYTH: No one is buying.

TRUTH: While without a doubt the incentives for buyers outweigh those for sellers in the current market long time investors and first time buyers alike are recognizing good deals when they see them – and they are buying! Sales of investment properties, second homes, and vacation properties went up in 2011 and with their combined market share rose to the highest levels since 2005. Investment homes alone surged up over 64% from 2010.

Despite a sluggish economy 8 out of 10 second home buyers said it is a good time to buy and nearly half of investors said they would be likely to purchase another property in the next few years.

NAR chief economist Lawrence Yun said investors with cash took advantage of market conditions in 2011. “During the past year investors have been swooping into the market to take advantage of bargain home prices,” he said. “Rising rental income easily beat cash sitting in banks as an added inducement. In addition, 41 percent of investment buyers purchased more than one property.”

MYTH: Nothing is selling.

TRUTH: The real estate market – especially here in Idaho – is bursting at the seams with the most active areas being the dwindling supply of homes under $200k.

FACT: In 2011, 71 percent of residential sales fell between the $100,000 and $300,000.

The number of sales (closed transactions) and the volume of inventory show us two clear signs of a healthy real estate market; the strict buyers only market may be soon seeing a turn around.

MYTH: The market is stagnant.

TRUTH: Pending home sales have been on an upward trend since reaching a low last April; they are up well above a year ago. Low interest rates combined with continuing low prices have fueled the markets recovering and will continue to move it forward in the future. Inventory is moving and multiple offers are back on the scene at the buyers table.

Do you have questions about real estate?
We’re always glad to help educate today’s home buyers and sellers and our experienced Idaho real estate agents are among some of the best people in the industry to bring your questions to. Feel free to contact us with your queries or visit our main site to begin searching for homes in Idaho today!

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!