SE Idaho Real Estate News 10/2011

SE Idaho Real Estate News

One of the most interesting articles in the paper this week was Frank Vandersloot, founder of Melaleuca, is now worth of a Billion dollars. When he started Melaleuca in 1986, they did $1,000,000 in sales. This year Melaleuca is set to sell close to a Billion dollars. As near as I know, I believe he is the only billionaire here in Idaho Falls.

This business creates multiple jobs here in Idaho Falls. Our economy here in SE Idaho is pretty strong compared to some parts of the nation. I heard that in California for every home for sale, 1 of them is a foreclosure.

Here in this area, it is currently 1 foreclosure for every 20 homes on the market.

I finished up refinancing my personal residence this week, and was surprised that my home has not dropped in value since I bought it. It just goes to show you that if you buy a home right, it will hold its value and go up in value when the market takes off.

Of course the best way to find a good deal is to check out my foreclosure, new homes, bargain homes, and homes with 100% RD financing. Homes across the board have dropped about 20% from the peak in 2007. Now is a great time to get into a new home.

Thanks Burke Bennett
Broker of http://www.seidahohomes.com
208 589 5599

Snapshot of SE Idaho Real Estate in the last 30 days (Bonneville and Jefferson Counties)
Homes sold 133
New Listings 273

Price Reductions 290
Foreclosures 121
Rates off of Yahoo Finance

Loan Type Today
30 Year Fixed 4.17
15 Year Fixed 3.45


http://www.seidahohomes.com/agent/calc.php?username=burkebennett Figure your payment.

Find a Home below.

1-Make sure you write down the MLS (Multiple Listing Service) numbers of the homes you want to look at.
2-Email them to me, and I will set up the appointments.
3- I can meet you there at one of the homes.
4-It takes about 15 minutes to look at a home.
5-I have an electronic key that will let you in any home on the market.
6-Once we find one you want to buy, I can help you write an offer which takes 15 minutes.

Do your own searches at http://www.seidahohomes.com/agent/idx.php?username=burkebennett

I usually show homes in the afternoon and evenings. I typically set up the appointments in the morning or early afternoon.