It has become quite fashionable in Boise real estate circles to complain about the difficulty of practicing real estate due to the high number of Short Sales and Foreclosures.  Short sales are  frustrating to the typical Boise real estate agents due to the increased amount of time to obtain an accepted offer and the uncertainty of closing the property in a timely manner, if at all.  Of course the practice of  Idaho real estate sales has always been frustrating whether you were selling residential homes in Meridian, recreational properties in McCall, commercial in downtown Boise, or farms and ranches in Caldwell.  The emotional highs and lows during a real estate transaction are like a roller coaster at Disneyland.  The high purchase price along with a 30 year commitment on the loan can be unnerving for buyers.  Sellers have always been highly irritable because of emotional issues tied to selling their property.  Add the emotions to what has always been an extended escrow period of 30 days or more and tensions run high.

It is unfortunate to see property owners in distress and unable to pay their mortgage but it creates a great opportunity for buyers and real estate investors.  Incredible prices are being negotiated on short sales in Boise, Idaho for example and buyers an investors are taking advantage of the opportunity.  Warren Buffet says ” Be fearful when the market is greedy and greedy when the market is fearful”.  The real estate market in Boise, Nampa, Meridian, Middleton, Caldwell, Kuna, Star, Eagle an the entire Treasure Valley is very fearful.  It’s the time to buy Boise, Idaho real estate.

The key to simplifying short sales in Boise and surrounding areas is PATIENCE.  The banks are overwhelmed with the number of short sales in their system and typical bank negotiators are inexperienced in a financial world that sees their own bank change policies frequently.  Boise real estate agents must inform their buyers and sellers that the  process is not going to be quick.  If we set the expectations up front with the buyer and seller to expect a minimum of 90 days to close the transaction then they will not expect a closing in 30 days.  The RE/MAX agents in our office are trained to negotiate short sales with the bank to get the best value for the buyer and quickest closing for the seller.  Communication with all parties is critical to a successful closing of a short sale in Boise or surrounding areas.  Search for Boise,Nampa Caldwell, Eagle, Star, Kuna and Meridian short sales at www.homeinidaho.com  .  When purchasing or selling a short sale in Boise, Nampa, Meridian, Caldwell, Star, Kuna or Eagle consult with a short sale specialist at RE/MAX Elite Properties.