Articles about common Real Estate Terms you may run across.
In many ways its a great time to be a home buyer in Boise! Low prices and low interest rates make it unprecedentedly affordable to buy a home right now. But the housing market has also seen inventory levels fall over… Read More »Understanding the “Contingent Short Sale” Listing Status
If you’ve been home shopping here on Boise Real Estate Guy, no doubt you’ve probably seen terms like: Short Sale. And Foreclosure. And Bank Owned. And chances are also good that you’ve had questions about what those terms actually mean.… Read More »Short Sales, and Foreclosures, and Bank Owns! Oh, My!
There was a survey done (I’ll try to find it again and put it here) on the “trustworthiness” of various professionals (Doctors, Firemen, Real Estate Agents, etc). As you can probably guess, real estate agents landed just before car salesmen… Read More »Can You Really Trust a Real Estate Agent?
If you’ve been breathing the last 3 years, no doubt you’ve heard the term “short sale“. But what exactly is a short sale anyway? There are a lot of misconceptions. A short sale is a home that is being put… Read More »What is a Short Sale anyway?
A “HUD home” is a residential property acquired by the US Department of Housing and Urban Development (or HUD) as a result of a foreclosure action on an Federal Housing Administration (FHA) insured mortgage. HUD becomes the property owner and… Read More »What is a HUD Home?
What’s the difference between a HUD Home and a Bank Owned Home (or Real Estate Owned / REO)? Both are homes that have gone to foreclosure auction and are now in the hands of an entity other than an individual.… Read More »HUD Home vs Bank Owned Home
AÂ REO, or Real estate owned (or commonly called Bank owned) property is one that is owned by a lender after an unsuccessful sale at a foreclosure auction. The lender will typically set the opening bid at a foreclosure auction for… Read More »What is a REO Home?
The term foreclosure is thrown around a lot these days and tends to mean different things to different people. So what is a foreclosure? And what does it mean to you as a home buyer or home owner? A foreclosure… Read More »What is a Foreclosure?
coming soon.