208-254-2090
208-639-9730

Investors are back in the Boise market in full force

February 22, 2012

Boise has once again become a competitive feeding frenzy for the savvy investor in search of good deals.  Investors that Sheila and I both work with are finding it difficult to make competitive offers and many times facing multiple offers on each property we find.

The rental market here and around the country is projected to remain strong and experience growth according to leading economists.  There are many factors driving this trend.  Tighter lending standards are requiring more of a down payment than in the past and bills currently in congress could require at least 20% down in the future.  Some people are still facing foreclosure and it’s more positive alternative short selling a home.  These unfortunate people will be in the rental market from two to seven years before their credit recovers enough to buy.  Many economists also speculate that the more and more mobile our population becomes the less likely they are to buy until they are sure they are tied to a community.

What does this mean for Boise?  One thing we are seeing is that first time buyers and those looking to purchase under $100K will be facing tough competition and will need to be willing to move quickly when they find the right home.  Homes under $100K appeal most readily to the small time investor market and cash flow with rents very quickly.  This trend is both good and bad.  Bad for those looking for low cost homes in nice neighborhoods, which are becoming harder to obtain.  Good for the overall market, as competition will ultimately drive up prices and fuel a stronger market.

 

Craig Soelberg

Sheila Smith Real Estate Group

RE/MAX Capital City

 

  • Zillow 5 Star Review  Stephanie made selling our home such an easy and stress free process. She is very knowledgeable and is thorough and timely in her communication. Each step was explained as we went through the process so we knew what to expect. She had our best interest in mind the whole time. I would highly...

    user1459640
    October 22, 2020

    Zillow 5 Star Review  We were looking for an Agent for our first home and found Stephanie through Zillow as a local agent and after reading reviews and talking it over we decided to go with her and BOY ARE WE GLAD WE DID! Stephanie is honestly one of the best people we have worked with and with both me and my fiancé...

    Nick Budig
    December 17, 2020

    Zillow 5 Star Review  Sheila helped us get our house sold with us being in another state, something I took on with trepidation. She was able to guide us through what improvements would help our home be it's most inviting and ready to welcome a new family. Sheila is personable, wise, and professional.

    She has an amazing...

    maidofgrace44
    February 26, 2020
  • Zillow 5 Star Review  Wow, what an experience, thankfully Sheila Smith has the best team of people that made this entire mind boggling experience a piece of cake. This was the fist home sale that I have ever been part of. Shiela's experience, expertise and marketing skills enabled us to market my house at the right...

    bfleenerusa
    March 19, 2020

    Zillow 5 Star Review  Stephanie was a complete joy to work with! She was on top of everything that came our way and communicated everything thoroughly and promptly. As we were buying a house while living in another state, that process can sometimes be stressful. Not so with Stephanie. We were in good hands! We...

    cherylannefox
    February 6, 2020

    Zillow 5 Star Review  We loved, loved, loved working with Sheila and team. Everyone on the team were helpful and always on top of things. We also sold our home in less than 4 days, and that was only because we wanted all the offers from our open house. The team did awesome with taking the photos and making the home...

    RebeccaCruz9
    October 14, 2020
  • Zillow 5 Star Review  Stephanie is the epitome of “on top of it”! She was absolutely amazing throughout this entire process and was able to find me a home (an off market, “for sale by owner” home) in a beautiful area where I never thought I’d be able to afford a home! She was on top of the seller the whole time, and...

    maggi loftus
    June 6, 2020

    Zillow 5 Star Review  We're not giving Chrissie 5 stars because she was referred by a close family friend (coincidentally also a ReMax realtor) and we're not giving her 5 stars to be kind. Chrissie flat out EARNED her 5 star rating.
    My husband's mother passed away unexpectedly and the emotional task of selling her home...

    swimkmk
    April 29, 2020

    Zillow 5 Star Review  We could not be happier with Sheila and her team. She was beyond responsive and attentive to our needs. As a former realtor and local professional, I was grateful for Sheila's attention to detail, knowledge of the market, integrity, and professional guidance. Sheila is a class act and we couldn't...

    erikapjudd
    May 22, 2020
  • Zillow 5 Star Review  Great Real Estate professional! Helped selling multiple properties in an effective efficient way!
    The activity included staging, negotiations, representation.
    The best team one could find!
    A full service team!
    Eli Porat

    eporat6
    February 14, 2021

    Zillow 5 Star Review  We couldn't have asked for a better agent. Stephanie was patient, thorough, responsive, professional and had our best interests at heart from start to finish. Relocating from another state presented a few challenges. However, Stephanie was with us every step of the way. Her response time to our...

    ngiersch6
    June 21, 2020

    Zillow 5 Star Review  Amazing agent!! Stephanie help me find the perfect place in the perfect location for me. Just moved back to Boise and she was wonderful at showing me around. She has such integrity and is connected to some of the best people in the industry! We had fun looking at homes in several areas and she...

    valforcier
    March 11, 2020
  • Zillow 5 Star Review  Chrissie is hands down the best realtor we have ever dealt with. She made selling our home such an easy and stress free process (within 7 days!). She is very knowledgeable and is thorough and timely in her communication. Each step was explained as we went through the process so we knew what to...

    jaime caughlin
    November 20, 2020

    Zillow 5 Star Review  Extremely responsive, helpful, friendly and motivated. Sheila’s team knew the SE Boise market very well and has passion for the area. Staging was amazing. I’d recommend to anyone.

    decker aaron
    March 12, 2020

    Zillow 5 Star Review  With the help of Sheila Smith's expertise, the selling process was exceedingly simple, straightforward, and expedient. I would not hesitate to use and/or recommend her services.

    glennbeyerman
    June 26, 2020
Sheila's goal is to not only retain every client's business for life, but leave them so happy with her service that they are compelled to refer her to everyone they know. Her success stems from working hard for all of her clients and having fun during the process.
HomeTeamRecommendationsToolsArticlesContact
Privacy PolicyTerms & Conditions
© Copyright 2020 - Sheila Smith Real Estate Group - All Rights Reserved.
facebooklinkedinbuilding-omobileinstagrampinterest-p