Meridian Idaho Real Estate ~ Pam Pugmire

I recently wrote an article about Buying a Bank Owned, Short Sale, or Forclosure in Idaho. Since then I have been asked several times if I though buying one of these properties was a good idea. So here's my blanket answer that will fit everyone.

It Depends.

It depends on many factors.

• Do you have a stict time frame in which you must move? If you do, then a foreclosure, short sale, or bank owned property is probably not for you. These types of transactions (especially Short Sales) can take much longer than dealing with an individual homeowner. If you have a limited amount of time, you are probably better off to buy a home from a private party. There are still well priced homes for sale by an individual out there! If you want to buy, and have the luxury of time on your side, then this type of property could be just what you're looking for.

• Do you have a very specific area that you want to live in? Finding a foreclosure type home that is a great deal requires flexibility. If you have a specific neighborhood or school boundary that you want to live in, you will be limited to the supply of these types of homes for sale in that area. It will largely depend on the luck of the draw if the home you want/need is for sale in that area. Some developments have many short sales, foreclosures, and bank owned homes, and others have virtually none.

• Are you able to deal with stress, and unknown circumstances easily? Buying a foreclosure, short sale, or bank owned property is like a three ring circus. There are many hoops to jump through, many tight ropes to walk across, and in the end you may still not get the home. This can be very upsetting and stressful to many people. If you are the kind of person that must have peace and order in your life, this process may not be for you. On the other hand, if you like the thrill of the hunt, and excitement of the unknown....then welcome to the jungle!

• Do you get very emotionally tied to a particular home? If you are looking for that Deal of the Century, but have a very specific home in mind, you may be barking up the wrong tree. When dealing with these types of properties, you may need to make an offer on several before you get an accepted offer.

• Are you a do it yourselfer, or do you know a reputable contractor? In many other parts of the country foreclosures, short sales and bank owned homes are very distressed. In Idaho, many of them are in great shape, and some have never been lived in. Most all of them need at least a little bit of care though, especially in the landscaping department. If you buy on of these properties, make sure you accurately budget for needed repairs and factor that into your offer price. One rule of thumb.....it well always cost you more and take you longer than you anticipate! Always! If you can do the work yourself, great, but you still need to factor in supplies and missed production at your job. Make sure you do your homework before you make an offer. I work with a couple really great handymen/remodelers/landscapers that could give you an accurate bid for repairs. Call me for their names/numbers.

This really is just the tip of the iceburg, but I hope it gives you some food for thought in your purchase decision! Please let me know how I can help you. Visit my Boise Idaho Real Estate website for free Idaho bank owned lists, and free Idaho foreclosure lists. If you would like a list of short sale properties for a particular neighborhood or area, give me a call and I would be happy to prepare a customized list for you.

Pam Pugmire

All Pro Realty Group, Inc.

208-921-4800 call or text

Original Source DreamHomesinIdaho.com

Today, August 15, 2008 at approximately 1:15 p.m. Krisitn Armstrong, Boise, Idaho's Olympic Gold Medal Cyclist will be arriving at the Boise Airport! Her husband John Savola has invited the community out to welcome her home! See more info about Kristin and her win!

Tomorrow, August 16th, 2008 the festivities will continue with a special group ride from the Downtown Boise YMCA to Boise City Hall. The Ride will start at 10:00 a.m. and at City Hall, Krisitn will be given the Keys to the City of Boise by Mayor Dave Bieter in a ceremony honoring her achievement. Watch the entire Saturday event LIVE on NewsChannel 7 and KTVB.COM. The public is invied to join the ride.

Come out to honor Kristin Armstrong, our Olympic Gold Medal Champion!

Wednesday morning in Beijing, China, Boise, ID native Kristin Armstrong won the Gold Medal in the Women's Time Trial Cycling event. The event will be aired tonight on NBC's coverage of the Olympics from 8:00 p.m. - 1:00 a.m. EST. See interview with Kristin.

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The win was a late birthday present for Armstrong who turned 35 just 2 days before. This was Kristin's first Olympics.

Kristin is the first Boisean to win an olympic medal, but Idaho has a rich Olympic history. Idaho has had many previous Olympic Medal winners. There are also 8 other athletes in these Olympics that have ties to Idaho.

Clare Bodensteiner, basketball: The Minico High graduate is a backup for the New Zealand women.

Matt Brown, baseball: The Coeur d'Alene High graduate is a third baseman for Team USA.

Georgia Gould, mountain biking: The one-time Ketchum resident competes in the women's race Aug. 22.

Eric Matthias, discus: The Boise resident and former Boise State athlete is representing his home country - the island nation of Tortola - as a member of the British Virgin Islands track and field team.

Debbie McDonald, dressage: The Hailey resident and 2004 bronze medalist, along with her horse, Brentina, is representing Team USA in the team competition.

Joachim Olsen, shot put: The University of Idaho athlete competes for Denmark in the preliminary round.

Nick Symmonds, 800 meters: The Bishop Kelly High graduate competes for Team USA in the preliminary round Aug. 20 (semifinals are Aug. 21 and finals are Aug. 23).

Ian Waltz, discus: The Post Falls High grad competes for Team USA in the preliminary round Friday night (finals are Aug. 19).

Congratulations to Kristin~you've made us proud! Good Luck to all of the Idaho Athletes!

Friday June 20, 2008 at 7 pm is the "Real Dairy Parade" in Meridian Idaho!

The Parade will start on WaterTower Lane, and proceed north on Main Street to Fairview Avenue.

Dairy Days has been celebrated in Meridian in some form or another since 1929. This event pays tribute to Meridian's history as the Dairy Capitol of the Treasure Valley.

There are many events, but the Parade has been my families favorite since we bought our first home in Meridian as a young married couple in 1992. This year there will be over 100 entries, all with a Dairy theme. Dairygold usually hands out chocolate milk and string cheese, there is the new Rocky Mountain High School cheerleaders and football players, and my boys favorite the Meridian Fire Dept. brings out some of the trucks. StarMedia and 24 Hour Digitizing give out thousands of FREE T SHIRTS that are a coveted item here in Meridian. My kids have the collector's set of these shirts from past years!

This event really showcases Meridian's small town approach to city life! Meridian is really "Built for Business....Designed for Living"

Visit my Idaho Real Estate website to see how you can own a piece of Idaho for yourself!

Pam Pugmire 208-921-4800 Hope to see you there!

This Friday June 20, 2008, marks the first day of the Snake River Valley Building Contractor's Association Parade of Homes! The Parade lasts from Friday June 20, 2008 to Sunday June 28, 2008. Hours are Monday-Friday: 5-9p.m. and Weekends: 1 p.m.-9 p.m.

There are 18 Show Homes in this year's Parade in Nampa, Caldwell, and Middleton Idaho. The homes cover the gamet; from modest sized 1200 square foot homes, to lavish 'mini mansions' and everything in between.

Hop over to my website to Read more.............about the 2008 Parade, get a map etc.....

Monday I had the honor of being a judge for the Parade of Homes for the 3rd year in a row. I always look forward to this event, and enjoy seeing the new trends in home building! Of course, all the homes were beautiful, and judging was very difficult. I know that sounds politically correct, but it is true. Each home had unique qualities that made it stand out. The results of the judging haven't officially been released, so I can't spill the beans now. I will post the results later however! Why don't you go to the parade, and see if you agree with the judges!

I hope you all enjoy the SRVBCA Parade of Homes, and get lots of ideas for your Boise Idaho area Custom Home. I think the Canyon County Parade of Homes is a great place to see that you can built a Custom Home on any budget!

Call or text me at (208) 921-4800 with any Idaho Real Estate questions, and visit my Idaho Real Estate Website to search the MLS, get Market Reports, and find building lots for sale. I look forward to working for you soon!

Pam Pugmire