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TripleCord Review
April 2021

  Becka Marston

   Residential REALTOR®
   Direct (208) 957-8017

Meet Becka
Search the MLS
Buyers Guide
Sellers Guide

Come follow me on Instagram or Facebook @BeckaSellsBoise

Boise Regional REALTORS® provided a very thorough and helpful market report this month.  So, instead of writing my own, I thought I would share theirs.  Here it is:

Anyone looking to buy a home has heard of or experienced the fast pace of the real estate market. In March 2021, the average number of days between when a home was listed for sale and received an offer to purchase was 22 days — 50.0% faster than in March 2020. Offers were accepted even faster for existing homes with an average of 14 days — 24.1% faster than a year ago.

The insufficient supply of available homes compared to buyer demand is the main reason the market is moving so quickly, and the competitiveness of the market continues to impact home prices. The median sales price in March was at $475,500 for existing homes — up 35.0% year-over-year, due in part to buyers often paying more than the list price to make their offer stand out.

REALTORS® offer guidance and expertise to sellers when it comes to list price, but ultimately the decision on what the property should be listed for is set by the seller. Further, the sold price is determined by what buyers are willing to pay and which offer is accepted by the seller. With our competitive market conditions, there are often reports of homes selling significantly over list price, which may be a part of the pricing strategy.

On average last month, existing/resale homes in Ada County sold for approximately $18,000 over list price. If you’re searching for a home, this is certainly something to keep in mind. Your REALTOR® can pull recently sold comparables to see what homes similar to what you are looking for are selling at, including how much over list. If it’s a significant difference, consider reducing the top end of your price range so you’re still looking at homes that could be purchased within your overall budget, where possible...CONTINUE READING

For more information and specifics on the current market, please check out Boise Regional REALTORS® Market Report HERE.  
Boise Area Events Calendar

If you’re interested in attending some local events this month, check out our event calendar HERE! Due to COVID-19 concerns, some events may be cancelled, so make sure to check website links for the most up to date information! 
Don't Sell on Your Own Just Because It's a Sellers' Market
By Keeping Current Matters
In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO. As a result, some sellers think selling their house will be a breeze and see today’s market as an opportunity to FSBO. Let’s unpack why that’s a big mistake and may actually cost you more in the long run.

According to the Profile of Home Buyers and Sellers published by the National Association of Realtors (NAR), 41% of homeowners who tried to sell their house as a FSBO did so to avoid paying a commission or fee. In reality, even in a sellers’ market, selling on your own likely means you’ll net a lower profit than when you sell with the help of an agent.

The NAR report explains: “FSBOs typically sell for less than the selling price of other homes; FSBO homes sold at a median of $217,900 in 2020 (up from $200,000 in 2019), and still far lower than the median selling price of all homes at $242,300. Agent-assisted homes sold for a median of $295,000…Sellers who began as a FSBO, then ended up working with an agent, received 98 percent of the asking price, but had to reduce their price the most before arriving at a final listing price.”

When the seller knew the buyer, that amount was even lower, coming in at $176,700 (See graph below):
That’s a lot of money to risk losing when you FSBO – far more than what you’d save on commission or other fees. Despite the advantages sellers have in today’s market, it’s still crucial to have the support of an expert to guide you through the process. Real estate professionals are trained negotiators with a ton of housing market insights that average homeowners may never have. An agent’s expertise can alleviate much of the stress of selling your house and help you close the best possible deal when you do.

Bottom Line
If you’re ready to sell your house this year and you’re considering doing so on your own, be sure to think through that decision carefully. Odds are, you stand to gain the most by working with a knowledgeable and experienced real estate agent. Contact a local professional to learn more about how a trusted advisor can help you, especially in today’s market.
"We could not have asked for a better realtor when selling our house. From getting our house ready to hit the market, to signing all of the final documents, Becka was professional, communicative, encouraging and relieved any of the stresses that seemed to come up for us. With her guidance and expertise, we were able to get top dollar for our home. We highly recommend using Becka. Thank you for making this transition for our family so smooth."
Jason & Caitlin Stirtz, February 2021
See more of my client testimonials HERE!
Recommended Service Providers
Do your spring plans include a remodel or necessary home maintenance or repairs?  If so, check out our Homeowners Resources page HERE, where we've listed several different service providers we've used personally or who have been recommended to us.  We are always updating this list, so if you have contractors to recommend, please email me!  
Untold Stories of a Boise Realtor
This doesn't really have anything to do with real estate or with me, but funny none the less.  It does have to do with a house, so we will call it good :).  

Several years ago, my husband and I were part of a small group through our church.  We met weekly and rotated houses monthly, so I can see how things could get confusing for someone who doesn't pay attention to details.

One week, my husband and I had to arrive at our small group separately.  Me: "You know the address, right?"  Him: "Yep."

I arrived at our small group.  We all sat around chatting waiting for everyone to arrive.  It was taking Mike a lot longer than I thought it should - he's not really one to be late to things.  I kept looking at the time wondering where he was.  Finally, after quite a while, he comes barging in cracking up with quite the story to tell.

He stopped one cul-de-sac too soon and entered the WRONG house.  He arrived at the house he thought was our friends' house and just let himself in.  He walked through the entryway into the living room and SAT DOWN ON THE COUCH.  Now several things are concerning so far in the story: 1) he did not recognize from the front of the house that it was the wrong one! 2) he did not recognize from the entryway that it was the wrong one! 3) he did not recognize from the living room or any of the furniture that it was the wrong one!  He sits there on the couch wondering where everyone is, when the owner of the house walks into the living room and looks at him.  That is when he realized it was the wrong house!  He says, "oops, wrong house!"  Gets up and walks out. 
Becka's Recent Activity
3419 N Tradewind Ave, Meridian
Build Job
Representing Buyers

10455 W Treeline St, Boise
Representing Sellers

642 S Short Ln, Eagle
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3300 Carr St, Boise
Off Market Property
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5513 S Bentwaters Way, Meridian
Build Job
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2523 S Weber Rapids Pl, Meridian
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Representing Buyers & Sellers

8595 W Westchester Ave, Boise
Off Market
Representing Buyers & Sellers

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