Dan Rowe ABR CRS GRI
Dan Rowe Realty
911 Balsam Boise ID 83706
Boise ID Metro Foreclosed Homes For Sale
Updated 1/21/22 Today, ONE govt/bank-owned foreclosed home for sale in Ada/Canyon counties. With our growing economy and rising prices, it may be awhile before many repo-bargain opportunities come around in SW Idaho. Ask me for all homes for sale that meet your criteria.
See MLS listings for all current repos for sale:
ZERO Ada County Foreclosed Home For Sale- includes Boise, Meridian, Eagle, Kuna and Star.
ONE Canyon County Foreclosed Homes For Sale- includes Nampa, Caldwell, Middleton and smaller outlying 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 would have as your agent. 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? Having an expert broker on your side, who has been through each seller's unique process many times helps. 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. Some are sold through auctions and risk level varies.
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 should stand for "Real Estate Opportunity".
Because 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: