Idaho Falls Real Estate Video Blog with Shawn Anderson

What Should You Know about Home Warranties?

There are many great Idaho Falls area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home,click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (208) 227-5357 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, today I am excited to talk to you about home warranties. People are always asking us questions about this topic, so today we want to clear the air.

A home warranty is from a 3rd-party company that will cover different components of your house for the first few years you own it. It's very similar to the coverage on an insurance policy, but the deductible is a little lower and the claim response is a little faster.

We recommend home warranties for all of our buyers and sellers. For sellers, you can buy a home warranty and advertise it as an incentive to buyers. If you use one of our home warranty companies, your coverage starts on the day you list your home with us, and transfers over to the buyer, who will have it for a full year. We think this is a great option for sellers, especially if something goes wrong. In that case, you don't have to deal with the hassle of renegotiating repairs, you can simply give the home warranty company a call, and they will have someone come out and fix it for a low cost.

Generally, a home warranty is around $400, but you can add different components to give you more coverage. If you have any specific questions about this, or any real estate questions at all, give us a call or send us an email. We look forward to speaking with you!

How Does Our Real Estate Market Keep Getting Better?

Hey everyone, today I wanted to talk to you a little bit about the state of the real estate market here in East Idaho.

Much like last month, we are still in seller's market. It's not dramatically in favor of sellers, but our inventory is continuing to creep down, and now sits at 4.3 months.

As of yesterday morning, we had 603 homes on the market, but sales are increasing enough to make up for the influx of inventory. This is having an effect on home prices, which are starting to rise a little bit. If you've been living here for the last 7-10 years, you have seen many months of declining or stable prices. We have seen them rise greatly in the last 6 months, however.

Of course, interest rates have the potential to slow down those prices, but they are still favorable right now for buyers in the market.

If you have any questions about our market or if you're interested in buying or selling, give us a call or send us an email. We would love to speak with you!

What's the Key to Getting Your Idaho Falls Offer Accepted?

Hello, and welcome to Part II of our series on multiple offers. We're very excited to share some more information with you on this topic, as we haven't seen this many multiple offer situations in years! Last time, we offered some advice to sellers on how to deal with multiple offers; now, we want to help people on the buying side of things.

A lot of buyers we're working with right now are making offers on multiple properties because the marketplace is so competitive. In order to make an effective offer, the most important thing to keep in mind is the price. How much you offer is often going to play a huge role in whether your offer is ultimately accepted. You don't want to offer more than you can afford, but you have to remember that other buyers will be submitting their best offers.

In short, the days of making anything other than a full-price offer are over. If a seller lists at a fair market value, don't be afraid to offer a little over that if you need closing costs covered. Because buying can be complicated, it's important to work with an agent who knows market value and can help you make smart decisions when crafting an offer.

To make the most of a multiple offer situation, you need to work with a buyer's agent you can trust and who is not afraid to tell you when a home is priced too high. If you've maxed out on price, there are other strategies we can help you with. Think about the risk sellers have to take when accepting an offer; you need to mitigate those risks up front! You need to be pre-approved by a reputable lender if you want to be taken seriously. If you get the letter after you've written the offer, your offer won't even be considered!

There are other strategies you can use to make your offer stand out from the crowd. If you would like more expert advice on how you can make the most of the buying process, give us a call or shoot us a quick email. Something as simple as writing a personal letter to the seller can make all the difference! Don't hesitate to reach out to us for more tips - we would love to hear from you!