Finance with an Idaho Hard Money Loan
The summer real estate market in Idaho’s Ada County is feeling the heat.
The overall median assessed value of residential homes in Boise, Idaho and the surrounding region rose by almost 12% from 2017 to 2018. Home prices have increased dramatically, with overall median sale prices at over $324,000. Inventory is tight and properties below $300K are selling in under two weeks.
Ada County is booming, and inventory is tight. But there are still opportunities available for savvy investors.
How do real estate investors find success in competitive markets, especially during busy summer months?
How to Buy in a Hot Summer Market
Do your research, work with a knowledgeable real estate agent, have your financing in order, and develop relationships with a home improvement team to ensure you can get needed work done once you find your ideal property.
When it comes time to make an offer, place a fair bid. Stand out from the crowd by putting down a generous deposit, being amenable to the seller’s terms, and staying flexible about closing date. A well-written personal note can also provide leverage.
Talk to Our Idaho Team About Hard Money Loan Options
Having financing at the ready is key to success in real estate. If conventional lenders haven’t come through or credit history is an issue, a private money loan can provide a fast, flexible financing option. Our team of hard money lenders at Gregory M. Russell has 30 years of experience lending to investors throughout Idaho. Give us a call at 1-888-477-0444 to learn more.