Real Estate Home Loans in Boise Idaho, Benchmark Mortgage - Prime Equity Group: Idaho: Star

Every week I research and then post information about the best real estate buys in Star, Idaho.  As a former appraiser who was tasked with researching residential real estate and completing over 1,200 residential appraisals it allows is fun to do research.

One thing we learned as appraisers was that if it cost less to build it than it does to buy an existing home then build it.

This week was unusual in that three "to be built" listings came up as being bale to be built for less than other existing homes.  You can get a 2,076 square foot, three-bedroom, two-bath home and a two-car garage in Star, Idaho for $59.00 per square foot.

There's another home that is 2,045 square feet, with three-bedrooms and two-baths and a two-car garage in Star, Idaho for $61.36 per square foot.

And, yet anther one that is 2,248 square fee with four-bedrooms, two-baths and a two-car garage in Star, Idaho for $57.82 per square foot.

These are amazing value and I don't represent the builder.

There are other homes for sale in Star, Idaho and the ones that made this week's best real estate buys in Star, Idaho.  All of these homes are at least three-bedrooms and two-baths, at least 1,200 square feet and a two-car garage.  If you are interested in Star, Idaho and would like a list of these real estate buys each week, just drop me an e-mail to Tim@TimBurroughsGroup.com or call me at 208-409-7653.

In my research this week for homes for sale in star I found these best real estate buys in Star, Idaho.

I have seen homes that are to be built as well as those that are 31-50 years old.

This week's list includes two rentals with tenants in them already.  As a landlord myself I would always recommend buying a rental with tenants in the house to insure cash flow.  I remember investors who approached me in 2005 and 2006 who had to have a rental in the Boise Metro area of Idaho and I refused to help them if I couldn't guarantee a tenant would be in the unit by closing.  All of my investors have kept their homes and will move on to great values in the future.

If you would like a copy of this week's list of the best real estate buys in Star, Idaho, just send me an e-mail at Tim@TimBurroughsGroup.com or call me at 208-409-7653.

As a former real estate appraiser and a real estate professional of sixteen years, I can help you to make the right choices on which homes to buy or sell.

Let me know how we can help you succeed in this crazy world of real estate in Star, Idaho.

I set out to find the best buys in Star, Idaho this morning.  When you try to find the best buys, do you look for the most square footage for the dollar, or what?  We tried to look at all homes that were listed for less than $75.00 per square foot.

Then, we looked at those homes to see if they were really a good value. 

Then, we looked at the probablity for a quick close as an investor wants to see his/her money turn.

We found twenty six and reduced that number by the ones that were short sales since we don't know when those would close or if they would close for the listed price.

We came up with fifteen homes that are either bank-owned, new construction or in-between resale homes that have exceptional per square foot value.

If you would like a copy of that list for the City of Star, simply send me an e-mail to Tim@kw.com and ask for Best Buys in Star, Idaho for the week of January 15, 2011.

Last night Congress finally passed legislation to restore funding to the 502 single-family rural housing program.  Senator Michael Bennet (CO) and Reps.  Kanjorski (PA) and Capito (WV) championed this issue that has been working its way through Congress since March. 

The legislation will increase the guarantee fee for borrowers (but still allow it to be financed), which will make the program self-sufficient.  The legislation also increases the commitment authority so Rural Housing Service can formally guarantee loans (they had been providing conditional commitments).  We anticipate a notice from Rural Housing shortly after the President signs the bill.