BEST STRATEGIES FOR buying in a seller's market like Boise Idaho!! Alot of buyers will lose out on home after home due to so many multiple offer siutations... So get smart and listen to a knowledgeable agent and win the bid! Avoid losing out by using some of these tips:
1. Be Pre-Qualified and have your documentation ready,or better yet pay cash
2. This is not the time to try to get "a deal". Offer well over asking price with an escalation clause
3. Find out what is important to the sellers and incorporate these things into your offer
4. Use an agent to help you find brand new listings and go see them immediately! Many times listing agents sell them immediately ( not sure why though)
5. Don't try to go direct to the listing agent to get a deal by saying " we don't have an agent so we want 3% off"! So amateur!! You will not get the home, agents don't work for free and in a hot market where so many homes have multiple offers this is definitely a losing strategy
6. Lastly, since so many properties are getting bid up well above asking price, so you need to consider what price homes you are looking at. If your max purchase price is 400k you need to be looking at homes listed for 375k or so, to allow room for bidding the price up so you have a chance to win the bid!
Link to blog in BIO for full story: https://goo.gl/XzBdpp or see link in templetonrealestategroup #thisisboise #buy #boiserealtor #realestate #hellomeridian #idaho #smart #boiserealestate #topplacestomove #boise #numerouno #realtor #multipleoffers #homebuyer