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Scott Gray, ABR, REALTOR

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A large number of buyers are in the pipeline

04-16-08
Scott Gray, ABR, REALTOR
I read an article in one of my Real Estate pubications that was very interesting. Even with all of the renters out there, it mentioned over 75% of potential buyers are sellers waiting for their homes to sell or close. I know from my own area, and speaking to several different potential buyers. Some are still undecided as to when to put their homes for sale, even though they would like to make a move. Also, people are realizing that now may be a great time to move up if they can get their current house sold. Do other REALTORS see this happening in their areas?
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Boise ranked No. 2 for best city for business and careers

03-20-08
Scott Gray, ABR, REALTOR
Boise has been named again as one of the best cities in the U.S. for business and careers by Forbes magazine. This was the fourth year Boise has been in the top 5. This is great recognition for all types of businesses in our local economy including real estate. Our unemployment rate is still under 3 % and our job growth was 13th among all other cities. With all of the commercial growth we have had over the last few years, large companies are obviously investing in the Boise valley. This should also bring more buyers from others states where cost of living is higher and job growth is slower.
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Buying in the winter months can improve your resale value

02-04-08
Scott Gray, ABR, REALTOR

My area of expertise is Boise, Idaho and like many cities our winter months affect real estate inventory and values. Even in a sellers market, buyings can negotiate a lower price in the winter months. The reasons are overwelming: less buyers, sellers motivated by longer days on market, cold conditons keep even good buyers on the sidelines.

Several times I have sold a home in November-January and the market value had increased by June. With more buyers looking in the summer months, there are less homes available and Sellers can see more buyers looking at their homes. Any families with school children drive this aspect of the market timing affecting sales prices.

My advice for any investor or homeowner who wants to start investing is to purchase property with the best price per square foot in the winter months.

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