Eagle Idaho Real Estate Stats – June 2015

Here’s a snapshot of June’s activity for Eagle Idaho real estate:

Eagle Idaho Available Homes

  • # Available: 356
  • Average Asking Price: $531,775
  • Median Asking Price: $429,950
  • Months’ Supply: 5.2

Eagle Idaho Pending Sales

  • # Pending: 166
  • Average Asking Price: $442,098
  • Median Asking Price: $414,950

 Eagle Idaho Closed Sales – June 2014

  • # Closed: 75
  • Average Sales Price: $389,252
  • Median Sales Price: $384,500

 Eagle Idaho Closed Sales – June 2015

  • # Closed: 103
    % Change: +37.3%
  • Average Sales Price: $422,845
    % Change: +8.6%
  • Median Sales Price: $399,980
    % Change: +4.0%

Data taken from Intermountain MLS on 7/6/15 and pertains to Eagle Idaho single-family residences on lot or acreage.

Data does not include condominiums or townhomes.


10 Things Your Listing Agent Will Never Say

Here’s my Top 10 List of things your listing agent will never say:

  1. “It’s okay to leave Brutus, your pit bull, in the house during showings”
  2. “Let’s price your home high because we can always come down, but we can’t go up”
  3. “There’s no need for professional photography because most buyers don’t care about good photos”
  4. “If the buyer really wants your home, they can clean it up after closing”
  5. “Yes, let’s price your home based upon what your neighbor thinks it’s worth”
  6. “Be sure you hang around for showings so you can explain how wonderful your home is!”
  7. “Don’t worry about turning on the lights and opening the blinds for showings”
  8. “Those cigarette odors won’t bother buyers and they’re a good selling point for buyers who smoke”
  9. “No worries about Fluffy and her hairballs: most buyers like cat hair”
  10. “Be sure to check Zillow to see what your home is worth!”


Boise Home Sellers: Your $300,000 Dog

I had an experience last weekend that reminded me why Boise home sellers should remove their dogs during showings.

I showed a qualified, pre-approved buyer a home that they had asked to see.

When I set the showing appointment, the seller informed me that their “friendly” dog would be in the house, would bark, but would be okay.

I arrived early to turn on lights and prepare for the showing and found Fido in the kitchen/family room behind a child gate that had been wedged into the hallway door with a rag to make it fit.

When I tried to remove the child’s gate, it became apparent that it would be difficult to reinstall, so I left it in place.

That meant that my clients and I had to climb over the child gate to enter the kitchen and family room.

And, my clients also had to hoist their two boys over the gate to enter and leave that area of the house.

Because I’ve been bitten twice by “friendly” dogs, and out of concern for the safety of my buyers, I began the showing by telling my buyers and their boys not to pet Fido.

Despite Fido’s attempts to escape into the back yard and the garage, we were able to contain him, albeit with a lot of distraction and concerns.

My advice?

If you’re a seller, remove your dog during showings if you want to sell your home.

In addition to creating an uncomfortable environment during showings, you’re also risking considerable legal liability if your dog decides to nip at cute little Courtney, the buyer’s 3-year old daughter, during a showing.

Leaving your dog loose in your home during showings is enough to cost you a sale.

If you insist on leaving your dog loose during showings of your $300,000 home, you should realize that you have a $300,000 dog.


Boise Home Sellers: Contingent Offers

Contingent offers are usually a losing proposition for Boise home sellers.

If you’re a seller and you accept a contingent offer, you’ll feel warm and fuzzy for about a week.

That tingly feeling will start to go away when you realize you didn’t really sell your home.

Contingent offers do, however, make hesitant, unsure buyers feel good for considerably longer because they know they didn’t really make a firm commitment.

They just “kind of” made an offer that gives them a way out if everything doesn’t go perfectly.

When you accept a contingent offer, you’ve effectively taken your home off the market.

Yeah, I know, your listing agent (who also wanted to “feel” like she had your home sold and get you off her back) told you that you could continue to market your home with a “72-hour bump clause”.

But the truth is that most buyer agents will not show your home once there’s a contingent offer because they don’t want to waste their time showing a home that “might” be sold.

Even worse, when you accept a contingent offer you’ve relinquished control over selling your home to your contingent buyer because you can’t close until they sell and close their home.

Ask yourself these questions before you accept a contingent offer:

  • What if your buyer’s home never sells?
  • What if your buyer sells their home to yet another contingent buyer who also must sell their home before they can buy your buyer’s home?
  • What if the buyer’s home is overpriced?
  • What if the buyer’s home doesn’t show well?
  • What if the buyers don’t CARE if their home sells?
  • What if the buyers decide to sell their present home FSBO?
  • What if the buyers have Brutus (their guard dog) inside their home and agents won’t show it?
  • What if the buyers list with their niece, Susie, who’s brand-new in real estate?
  • What if the buyer’s listing agent is a part-timer who can’t take calls while at their “real job”?

The bottom line?

A real buyer is a buyer who doesn’t have to sell their present home before buying, has totally-underwritten pre-approved financing, and NEEDS or WANTS to buy a home now!

Buyers who must buy contingent upon selling their present home are seldom real buyers.


How To Choose The Wrong Listing Agent

Here’s my list of the top 10 reasons home sellers choose the wrong listing agent.

10) She’s your niece, new in real estate, and you want to help her.

9)   She promises you the highest asking price for your home.

8)   She says she has a buyer for your home.

7)   She says her company is #1.

6)  She promises to hold open houses.

5)   She promises to advertise your home in a real estate magazine.

4)   She’s excited and “thinks positive”.

3)   She has a team of 15 agents.

2)   She won the office listing contest last month.

And, the winner is . . .

1)   She has “Million Dollar Producer” license frames on her car!  😯