Frequently Asked Questions: Answers:
I want to become a "Real Estate Investor" in Idaho. Now what?It is said that when all else fails, investors return to real estate. Our parents did it--and now our friends are starting to invest. How tough can it really be? Real estate investing involves risk and you need to work with a team that will help you minimize that risk.
The investment market in the Boise, Meridian and Nampa, Idaho areas is highly competitive. The first step is to let our team sit down with you and learn about your needs, understand your expectations and map out a plan of action. Backing us up is an experienced team of those we call Advocate Partners (only a handful are listed here) with a background in home repairs and inspections, finance, law, tax planning, and real estate.
Is there risk involved in investing in real estate?
Yes. All real estate investing involves a certain amount of risk. Though we cannot guarantee success in investing, we work hard to manage your expectations and meet your needs. All of Boise's Best Real Estate investors must meet certain criteria to qualify as an investor.
Protect what is most important--your future. Do your due diligence and work with a great investment team to help guide you through the investment process. It can be fun!
I am interested in learning about hot new real estate investment markets outside the Boise, Idaho area. What can you tell me? What Pacific Northwest city has been named one of the Fastest Growing Real Estate Markets in the U.S.?
After surveying 380 metro markets around the country, what city's median home price did Money Magazine predict will grow at a rate of 12.4% from June 2006 to June 2007, placing its growth rate at #9 in the country?
What state's average job growth rate is 3 percent, twice the national average?
Don't wait for this market to cool. Contact us to request a marketing packet and find out more about this hot investment market where the numbers are working!
HOT TIP: If you were reading our blog, you'd already know the answer!
What options are available to me in the way of property, financing, home repairs and property management in Idaho? Your options are virtually unlimited, but which lender, title company, property manager and investment team members you choose can make or break you. The good news is we have done our homework and formed alliances with a trusted, experienced group of Advocate Business Partners who believe in our business driver: Knowledge, Integrity--Peace of Mind.
Our real estate team has also formed a property management company, Boise's Best Property Managers. View all available rental properties and lease options here. We will help local and out-of-state investors navigate the waters of renter applications, credit approval, utility transfer, and, if necessary, evictions.
Keep in mind that though we know and trust our Advocate Partners, all investors who partner with Boise's Best Real Estate Team are at liberty to use the financial institutions, home repair companies, property managers, etc of their choice.
I have only a general knowledge of terms like HUD Repo, "flipping," and REO property. Can you give me more definitive explanations? HUD Repo: Simply put, the property had an FHA insured loan on it that went into foreclosure for lack of payment. (HUD stands for Housing and Urban Development.) Search HUD listings here.
REO Property: Stands for Real Estate Owned. This is real estate that had a bank loan on it that went into foreclosure and the bank has reacquired the property for nonpayment.
Flip: The process of purchasing a house with the intent of placing the house back on the market within a short period of time for a financial gain.
Lease Option: A traditional rental agreement that gives the renter the option of purchasing the property for a predetermined price at the end of an agreed-upon time period. Typically the renter is responsible for all maintenance on the property and a portion of the monthly rent may be applied to the down payment on the home at the time of purchase.
Title Insurance: Eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property. This will protect you from risks or undiscovered interests. There are two types of title insurance: one protects the homeowner while the other protects the lender.
Agency: A legal re
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MORE BOISE, IDAHO REAL ESTATE RESOURCES--Click on the links below:
- Search all local listings: Search all Boise, Meridian, Nampa, Eagle, Idaho area listings available in the MLS and begin receiving fresh, relevant real estate listings via email from Ed Elam.
- Relocating: Email Ed Elam and you will receive a comprehensive relocation packet for the Boise, Idaho, Nampa, Idaho, Meridian, Idaho or any outlying areas free of charge! Other real estate documents are available upon request.
- Should you Rent or Buy? Use our calculators to decide whether or not to rent or buy your own house, condo, ranch, luxury property or other real estate in the Nampa, Meridian, or Boise, Idaho area courtesy of Ed Elam.
- Buyer's Tips: A comprehensive list of home buyer's tips courtesy of Ed Elam and Boise's Best Real Estate Team.
- Seller's Tips: Getting ready to sell real estate in Boise, Idaho or another area? Our tips for home sellers are fresh and useful--and only a click away!
- Resources for the Gay and Lesbian Community: As a gay-friendly realtor, Ed Elam specializes in assisting members of the Gay, Lesbian, Bisexual and Transgender (GLBT) Community buying or selling property in the Boise, Idaho area.
- Why you should Invest in Boise Idaho. Real estate investing in Idaho is our specialty. Find answers to Frequently Asked Real Estate Investment Questions here!
- Empty Nester Resources: We specialize in assisting Empty Nesters buy or sell property in Boise Idaho. Find answers to Frequently Asked Questions here.
- Real Estate Directory and Glossary: Complete real estate dictionary and glossary of real-estate related terms you'll use when you want to sell your home or property in Idaho, including legal definitions and more, courtesy of Ed Elam.
- Wondering what to do in Boise? Use our directory of things to do in the area.
- Looking for Rentals or Lease Options? Click here for our rental and lease option properties in the Nampa, Middleton, Caldwell, Meridian, Boise, Idaho area.
- Get Involved: Find out how Ed Elam and the team at Boise's Best Real Estate support four local nonprofits in the area of arts and education.
- Who is Ed Elam? Meet Ed and the team at Boise's Best Real Estate. We handle all your Boise, Idaho real estate needs, guiding you through the transaction process to escrow and close.
- Testimonials: What Ed Elam and Leigh Wilson's clients are saying about this top producing real estate team in Boise, Idaho.
- Contact Information: How to contact Ed Elam and Leigh Wilson, Boise, Idaho real estate agents.
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