Is Now a Good Time to Buy or Sell in East Idaho? Real Estate Market Update | Ep 46
Jason and Morgan take over the mic for a solo market update, breaking down exactly what's happening in the East Idaho real estate market right now and what it means for buyers, sellers, and investors.
In Part 1, they dig into why so many sellers are still overpricing their homes (and why that "Zillow estimate" isn't as accurate as you think, especially in a non-disclosure state like Idaho), the psychology behind chasing a price that was never really there, and why local inventory and sales numbers tell a much more optimistic story than the headlines suggest. They also cover where interest rates are really headed, why "waiting for rates to drop" might cost you more in the long run, the importance of knowing your credit and finances before you're ready to buy, and a look at investing opportunities, subject-to loans, and the current (low) state of foreclosures in the East Idaho market.
Whether you're thinking about buying, selling, investing, or just want to understand what's really going on in the local market, this episode is packed with straight talk and local data.
🎙️ The Success Blueprint is hosted by Jason Grider and Morgan Peterson of the Grider & Peterson Team at eXp Realty, serving Idaho Falls and East Idaho.
📍 Learn more about buying or selling in East Idaho: https://www.griderpeterson.com [https://www.griderpeterson.com] 🏠 Curious what your home is worth? https://www.griderpeterson.com/home-value [https://www.griderpeterson.com/home-value] 🤝 Interested in joining a top-producing team? https://www.griderpeterson.com/join-our-team [https://www.griderpeterson.com/join-our-team]
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0:00 Welcome Back
0:43 Why So Many Sellers Are Overpricing Their Homes
2:48 The Truth About Zillow Estimates & Pricing Psychology
5:20 Inventory Levels, Sales Trends & What's Actually Selling
9:09 Interest Rates: Where They're Headed & Why Waiting Might Cost You
13:39 Affordability, Credit Scores & Idaho's Surprising National Ranking
25:57 Investing, Subject-To Loans & the Current State of Foreclosures