Tagged : idaho real estate

There are currently 3 blog entries matching this tag.

Many people are surprised to learn that "psychological impacts" are not required disclosures in Idaho real estate transactions.  For example, if there was a suicide or homicide on the property the seller is not required to disclose this.

Idaho Code Title 55 Chapter 28 governs psychological impacts on Idaho real estatetransactions.

Idaho Code 55-2801. Psychologically impacted defined. As used in this chapter, "psychologically impacted" means the effect of certain circumstances surrounding real property which include, but are not limited to, the fact or suspicion that real property might be or is impacted as a result of facts or suspicions including, but not limited to the following:

(1)  That an occupant or prior occupant of the real property is

1,691 Views, 0 Comments.

When searching for Idaho real estate or Boise Idaho short sales you'll see a criteria line that says "Status".  Below are the definitions for the terms you may see.  Please note: Agents are allowed 3 business days to make status changes.  You can call or email me to find out the most up-to-date status on a particular property.

Active:The Idaho real estate listing does not have any accepted offers.

Within the "Active" status, there are a number of "contingent" sub-categories:

-Contingent short sale: This status means the seller has at least one offer on the property and they are waiting for lien holder approval (which generally takes several months).  When a short sale is in this "contingent short sale" status the homeowner will typically only

2,191 Views, 0 Comments.

The Idaho Housing and Finance Association (IHFA) will be spending $17,640,000 to purchase foreclosures throughout Idaho.  The plan comes as a result of the Housing and Economic Recovery Act of 2008.  The largest shares of the budget will be focused on foreclosures in Ada and Canyon County.

Why is IFHA purchasing Idaho foreclosures? The program will focus on buying foreclosures in zip codes that have been hit the hardest by the housing downturn.  IHFA will purchase the homes for at least 15% below current market value, make repairs, and sell them at cost to low and and moderate income buyers.

How did they determine what areas to purchase foreclosures? IHFA used a federal database to determine the Idaho zip codes hardest-hit by foreclosures, sub-prime

889 Views, 0 Comments.