Expert Tips for Navigating the Idaho Real Estate Market
Our mission at West Real Estate Group is to be your resource for your Real Estate needs in Idaho. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about Real Estate. Watch the videos and articles below to get the latest news on local market trends and receive expert tips for buying or selling a home. Call us with any questions you may have at 208-501-8200.
Call us at (208) 501-8200 for a FREE home buying or selling consultation
We want to address some of the many questions we’re receiving about real estate in relation to the current health crisis. In this video, John West addresses how the coronavirus has affected our local market here in the Boise, Idaho area and in Treasure Valley, and how it may impact you and your real estate plans this year.
While no one knows exactly how this pandemic will all play out or how long it may last, we are tracking the market, reading, researching, and gathering the needed information so that we can offer the best advice and guidance to our clients who still have housing needs and goals. We have also adapted and updated our processes to help you buy and sell a home safely.
Welcome to our local Idaho Real Estate website! The fastest and easiest way to find your next home here in Idaho.
Our incredible home search tool pulls the local listings directly from the MLS (Multiple Listing Service). It's the same search that is used by licensed Real Estate agents and gives you up to the minute data unlike some of the other third-party real estate websites on the web which tend to have outdated information.
Once you have signed up for an account on our website, you will receive:
New property email alerts
Price change alerts
Access to all detailed property information
Be able to track your favorite properties
Save searches to view later
We have built our website to give you the largest, fastest, and most accurate database of homes available.
Get Listing Alerts
BE The first to know when a property hits the market
When you save a search on our site, any new homes matching your wish list criteria will be delivered straight to your inbox the moment they go up for sale.
Save and See Listings
FAVORITE PROPERTIES AND TOUR HOMES
Click the heart icon when you find a house you love to save it in your favorites section and let us know you like it. Hit "See This Listing" or reach out to us directly to schedule an in-person showing. We're happy to walk you through the home and answer any questions, so you can make an informed decision.
We understand buying or selling a home is a big step. Whether you're buying your first home, your dream home, or your tenth investment property, we know how important this is to you.
Finding that perfect property is just one of the ways we can help you through this process. Enjoy your home search on our website. We look forward to being of service to you!
Want to find a home in multiple cities and be able to narrow down your search by price, bedrooms, square footage, exact location and more?
Sell Your Home in Idaho
Learn what your home may be worth in today's market instantly.
If you are thinking of buying a new home but have to sell your home first, we can help. Use our Home Evaluation Tool to get an instant value check on your house and know what it may be worth in today's market.
Thank you to those that were able to attend our 5th Annual Client and Friends Appreciation Party at Zoo Boise! This year we had over 500 RSVP's for this event. Thank you so much for those that came out to make the evening a special one. For all of those that weren't able to come this year, be on the lookout for the invite next year to make sure you don't miss out on this special evening event. We love to put on this event each year as a small way to say thank you for your continued trust in us and for the referrals you continue to send our way.
Now a huge congratulations to Cody Rayl, for winning the photo contest! What an incredible shot of what we like to call "Beauty and the Beast!"
Fun Fact: Raven, Zoo Boise's new male lion was flown via FedEx from the Maryland Zoo. Thankfully he was trained so the flight wen well. :)
Photos of the Event!
Did our photographer spot you at the zoo? You can find all of the photos below on our Facebook page and tag yourself! We can also email you a larger copy upon request. Send us an email at: firstname.lastname@example.org
Event Details: When: Friday, August 23rd, 5:30pm to 9:00pm Where: Zoo Boise, located at 355 Julia Davis Dr. Boise, ID 83702
Face Painting • Giraffe Encounter • Zoo Farm Feeding • Butterflies in Bloom Food and Drinks Provided • Photo Contest
You are invited to join us as our guest, at our 5th Annual Client and Friends Appreciation Party at Zoo Boise! Each year, we love to host an event to connect with our clients and friends and to say thank you for allowing us to serve your Real Estate needs.
Renting out the zoo was a huge hit last year so we've done it again, only this time we decided to schedule it for you to enjoy the recently opened Gorongosa National Park Exhibit and Expansion!
Please grab your friends and family and join us for an evening of fun! We look forward to seeing you there!
P.S. If you, or anyone you know, have questions about buying or selling a home, please do call us. We would be honored to be of help.
Selling Your Home - What to Expect When You Are Expecting a Home Inspection
After you have accepted an offer on your home for sale, the next step is often the buyer’s home inspection. The most common inspection is a physical inspection conducted by a home inspector. Here’s what you can expect so that you can be best prepared.
What Are They Going to Do?
A home inspector will look at everything they can without risk to themselves or damage to the house.
The buyers may want to meet the inspector towards the end of the inspection to review the findings.
No Home is Perfect
No one’s home is perfect, and every inspection report will list at least a few items. Even brand new homes commonly have issues too. Remember that it’s the inspector’s job to be picky and find every little thing he can. What most sellers do with the report is to look for big, red flag items and not the little nickel and dime stuff. You’ll have the opportunity to discuss the buyer’s requests with your agent and determine an appropriate response.
It’s in your best interest as a seller to provide quick and easy access to your entire home. Here are some ways you can help:
Clear areas around your attic and crawlspace access points as well as your electrical panel and water heater.
Make sure all pilot lights are on for fireplaces and furnaces (even in summer).
If the home is vacant and the utilities have been shut off, have them reconnected before the inspection.
Leave instructions (if needed) for the inspector that might be helpful to help them operate systems around the home.
Who Pays for a Home Inspection?
While well and septic inspections are often paid for by sellers, the general home inspection is almost universally a buyer expense. Who pays for what will always be spelled out in the Purchase and Sale Agreement.
How Long Does a Home Inspection Take?
The duration of a home inspection varies widely, mostly depending on four factors:
Number of defects
The quality and thoroughness of the home inspector
The helpfulness of the owner when preparing for the inspection
Most commonly, expect somewhere between two and four hours unless there are exceptional circumstances.
Is It Best for Sellers to Attend an Inspection?
We recommend that sellers leave and let the inspector do their work without interference. However, it’s still your home and you have the right to be there if you need to be. The inspector just has to be able to have free access to all areas of the home.
We strongly recommend that you do not discuss the condition of the house with the inspector of the buyers if they come. The inspector has to make his own findings, and we don’t want anything we say to be seen as influencing him.
Questions or Concerns?
If you have questions or concerns about your upcoming home inspection, please give us a call at 208-501-8200. We want to be sure your questions are answered and that you feel prepared. Thank you for your trust in us and for choosing our team to be a part of this process.
The local housing market here in the Boise, Idaho area and the Treasure Valley has certainly been a hot topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices here in the Valley.
The best way to show what’s really going on in today’s real estate market is to go straight to the data and it's what we love to do here at West Real Estate Group. We strive to keep our clients in the loop so they can make the most informed decisions. To help better understand the market, we put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.
“The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.” - Sam Khater, Chief Economist at Freddie Mac
“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home PriceIndex growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.” – Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.
These three graphs indicate good news for the spring housing market! Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months. If you are considering buying a home or selling your house, let’s get together to chat about our market!
In a strong seller’s market, like the one we have experienced over the past few years here in the Boise, Idaho areas, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.
According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.
In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.7-month supply of homes for sale. Here in Idaho, we are trending less than a month worth of inventory in many price points.
With the current number of houses listed for sale and the level of demand from buyers, this means it would take 3.7 months for all the homes listed to sell if no additional listings came to market. Any supply number under a 6-month supply is considered a seller’s market. According to NAR, the housing market hasn’t had a 6-month supply of homes for sale since August 2012.
Good News for Buyers
A recent report shows that the percentage of houses sold including a bidding war before settling on a final price decreased from 53% in January of 2018 to 13% this year.
One reason for the decline is an influx of homes being listed for sale. Even though the month’s supply number is not increasing, the number of homes for sale is. The chart below shows the year-over-year change in inventory over the last 12 months.
As you can see, the number of homes for sale has started to build over the last eight months. Before this reversal, inventory levels had fallen for 36 consecutive months when compared to the year before.
Danielle Hale, realtor.com’s Chief Economist, gave some insight into why bidding wars are less common on a local level this year,
"[Last year] you might have been the only listing in your neighborhood, and you could put your home up at a certain list price and you would likely see multiple offers at or above that list price. That tide is turning this year.
It's going to depend on what neighborhood you're in, but we expect it to be more common this year that you won't be the only listing."
Inventory in the luxury and premium markets (the top 25% of listings in an area by price), is increasing at a higher rate than the starter home market. As the choices buyers have continued to increase, the likelihood of a bidding war will decrease.
If you are debating listing your house for sale this year, you may not want to wait for additional competition as inventory continues to rise.
Find out what your home might be worth in today's market by clicking here.
Falling in Love with a House, Only for it Not to Work Out
Like many people, our home buying experience started out while we were in a major life transition... having a baby. I (Victoria) had often considered Dave Ramsey’s advice on the matter, that an infant doesn’t take up much space and is not justification for needing a “bigger” house, but what I couldn’t shake was the idea that we needed more space. We had simply outgrown our starter home.
What initially started out as a tiny thought soon escalated into me obsessively searching my husband’s real estate website for the house of my dreams. Over the course of my pregnancy, my husband John slowly came onboard with the idea and was on the lookout for a house that might be a good fit for us as well.
One evening, I received a call from John who was insistent that I check out a new home which had just come to the market. John has been in the real estate industry for over a decade and sees houses day in and day out. He rarely gets too excited like that, so I thought this house must be pretty special. With little daylight left, I met him at the home and agreed, the house had everything on our wants list and met our desired budget. That night while in the living room of that property we decided to move forward and put in an offer. Our offer was accepted and the next few days were both exciting and daunting as reality set in, and we thought of all the details that would be involved with us moving houses.
What I didn’t know was, that as I was growing more excited, my husband was regretting the decision we made. I’ll never forget when he told me that he wanted to back out of our offer because he didn't feel the home was truly a good fit for our needs long term. I was so upset and frustrated. I couldn’t believe that my Realtor/husband could put his pregnant wife through this roller coaster of emotion and I stopped looking at homes. I couldn’t bear the thought of going through that again, so for several months, we didn’t even discuss the possibility of moving.
Then one day, after our daughter was born, we passed by a home for sale in a neighborhood that we both loved and had just come to the market. It was love at first sight and unlike the first home I liked, this one passed the needs and wants questions that John asks of his own clients who are looking to buy a new home. We put in an offer on this home and our offer was accepted. Unlike the first home, this time was different. It just felt right for so many reasons and we knew this was the right one. After being in our new home for over two years now, I cannot tell you how thankful I am that we didn’t move into that first house. Looking back, it was a painful journey but one that ended up being 100% worth it in the end.
What we failed to consider when we first found a house that “fit” our wants was that we needed someone who was not emotionally engaged to guide us through the process and to ask us the right questions. There were so many things that we would have settled on had we moved forward with the first house we fell in love with. Our new house is such a blessing to our family in so many ways and I am so thankful that my husband spoke up and voiced his opinions despite how it made me feel. That is what a good agent will do for their clients.
I think there are many people out there who might be experiencing those same feelings of falling in love with a house. Falling in love is a natural part of being a human and is a normal part of the home buying process. But as the saying goes, love is blind, you need to make sure you have a great Realtor who will ask you the right questions and to have the courage to tell you if a home you love, might not fit your needs or budget.
Buying a home is an emotional and exciting process and having the right agent can make sure your story ends with a happy ending. Your home is a big deal. It's a foundational part of your life. It's where you find security and comfort. It's where you get your rest, where you eat meals and connect with others.
Our personal story helped to shape and remind us of what we do here at West Real Estate Group. We understand that our clients are making big life decisions and are trusting us to help them make sure those decisions are wise ones. For us, it is not about transactions, it's about relationships. Our clients put their trust in us to help them find their way home and this is the work we love to do.
If you are thinking about making a move, please do call our team today to get connected to one of our amazing agents who have the heart of a teacher and a deep passion for the people they serve. You won't regret it.
Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.
After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states,
“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”
In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!
Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, let’s get together to find out if you are able to today.
The Cost of Waiting $200,000 mortgage example:
$300,000 mortgage example:
Today's New Real Estate Listings in Idaho
If you are searching for the newest listings of homes for sale in Idaho, you have found the right place. Our website updates instantly with a direct feed from the MLS system so you can be sure you are seeing property listings the moment they are published and marked NEW. Enjoy your home search.
Search Today's New Homes For Sale In Idaho by Price Range:
Call us at (208) 501-8200 for a FREE home buying or selling consultation
Thank you for attending the 2nd Annual Meridian Trunk or Treat! We also want to thank those who brought non-perishable food items to be donated to the Boise Rescue Mission! In the above video, John West, Realtor & Owner of West Real Estate Group, announces the winner of the $50.00 gift card to The Village at Meridian. If you were unable to attend this event, we hope to see you next year. Have a safe and spooktacular Halloween!
**Did your child forget to pick up their monster rock at the end of the event? We might have it at our office! Please call us at 208-501-8200 or stop by our office at 2490 N Locust Grove Rd, Meridian, ID 83646 to find out.
"They worked hard for us while selling our home; from the time our home went to the market to the time it closed was just over a month…he was AMAZING! Thank you, thank you, thank you! You guys do an amazing job and I will continue spreading good things about you and send business your way! "- Gary & Jenny Grant
"West Real Estate Group did an outstanding job of assisting us with the sale of our home. Complications and hurdles were promptly dealt with and the with minimal delay to our closing. Our home was sold in five days. John gave us his word that we would be in our new home as planned. John kept his word. Thanks for all you did John. We will be recommending you and your team to all wishing to sell their home." -Gary and Melanie Quast
"They gave great advice to get our home ready to sell, and gave us enough information throughout the process to feel confident we got the best deal possible. Our house ended up selling on one day, above the asking price! We would recommend West Real Estate Group to anyone wanting a good, fair deal-buyer or seller!" - Nathan & Laura
"John kept in contact with us while we were preparing the home to list. When we were ready- so was he with comps & analysis. He promptly helped us set a price, listed the home, and we had an accepted offer within a day! He helped us negotiate with the buyer to pay 1/2 of an unexpected furnace replacement cost, and we closed early. Excellent! Thanks, John." -Dan & Jennifer Hagan
"John and his team were fantastic through our entire selling process! Not only did he sell our home quickly, but he kept us well-informed and was willing to answer any and all of our questions. We would highly recommend him to anyone looking to make their selling experience a great one." - Brandon & Caitlin Robbinson
"What impressed us about John and his team was their ability to utilize technology and really get our home exposed. The HD photos of our home were perfect. John communicated with us weekly on the status of our home while it was being marketed. John and his team are true professionals in the real estate business. Thank you!" - Channon Romo
"We interviewed and hired this group to sell our home in Meridian, ID. We were impressed from the start and never disappointed throughout the whole process. The work done was professional, top notch, courteous and responsive. They were personally attentive and used the most up to date technology. Whenever we needed to contact them, they were available. John contacted us on a regular basis as well. We always felt we were in the loop and were constantly kept informed of the progress of our listing/sale. We would employ John and his team again in a minute when the need arises, and as a bonus, we made friends for life!” -Jane Sessions
"We have lived in many places across the country and bought and sold numerous homes. John and Nicole were the best realtors we have ever associated with. They were personal and professional. Very knowledgeable and easy to talk with. I would recommend them to everyone." Lori Washburn