Dan Rowe ABR CRS GRI
Dan Rowe Realty
911 Balsam Drive Boise ID 83706
Boise ID Metro Foreclosed Homes For Sale
Updated 7/21/17 Today, just 10 govt/bank-owned foreclosed homes for sale and available in the entire Treasure Valley (Ada/Canyon counties). Low housing supply and low repo inventory in the Boise area means the discounts are small. However, those willing to do some fix-up can make money.
See MLS listings for all current repos for sale in my 3 links:
Ada County Foreclosed Homes For Sale- includes Boise, Meridian, Eagle, Kuna and Star.
Canyon County Foreclosed Homes For Sale- includes Nampa, Caldwell, Middleton and outlying smaller towns.
Also see my HUD Homes page.
Call me for showings and info... not the listing agent, who most likely represents the seller, and may lack the skills and objectivity that I have. I will show all homes in your price range, provide research and objective opinions on value, condition, positives and negatives on each property. The price (almost always) includes a fee for a buyer's agent to represent & protect you.
Are Repos High Risk? Not with an expert broker on your side, who has been through the process hundreds of times and is familiar with each seller's process. You can buy most government & bank-owned repossessed homes with the same protections as any other home for sale; inspection & financing contingencies and title insurance. A few are sold through auction processes, where risk level varies depending on the auction.
See my blog to learn more about Boise Idaho real estate, pre-foreclosures, foreclosures, short sales, foreclosed homes, auctions, high-risk ways to buy a house and more.
REO = Real Estate Opportunity?
Yes & No. Certainly your chances of getting a bargain are better buying from an institution, rather than a regular owner. Most lenders want to sell as-is and quickly and repos often need work, so a discount is common. In reality, a foreclosed home is called REO (Real Estate Owned) because lenders are in business to loan money, not own homes. Many institutions have property to sell- from local bank to national lender; Fannie Mae, Freddie Mac, HUD or VA.
The selection of foreclosures in the Boise area can include all kinds of real estate from affordable to high-end; homes, condos, townhouses, homes with acreage, luxury homes. Even the occasional multi-family income property; duplex, triplex, fourplex or apartments for rental income.
All available government & bank-owned foreclosed homes can be found in one place- the local MLS, because that's where they get the best exposure and the highest price. You might learn more from the various sellers of foreclosed homes: