Helping you find your new home or your next property
At Kerfoot Legacy Realtors, we are dedicated to helping you find your new home, investment property, or commercial building. In today’s market, there is no time to waste when it comes to buying real estate. We have flexible showing times to ensure you don’t miss an opportunity.
Steps to Buying a Home:
Determine your budget and get pre-approved for a mortgage.
Hire a real estate agent to help you find homes that meet your criteria.
Schedule a showing and view a home.
Make an offer based on the home's value and market conditions.
Conduct a professional home inspection to evaluate the property's condition.
Close the sale by signing legal documents and transferring funds.
Please note that these steps may vary depending on individual circumstances. Contact us to learn more about buying a home and how we can help you navigate the process.
Steps to Building your Portfolio with Investment Properties
Research the Market: It's important to research the real estate market in the area. Look for areas with strong rental demand and potential for property value appreciation. — “In March 2023, Mountain Home home prices were up 2.0% compared to last year, selling for a median price of $329K. On average, homes in Mountain Home sell after 32 days on the market compared to 16 days last year” (Redfin.com). — “In March 2023, Boise home prices were down 14.6% compared to last year, selling for a median price of $459K. On average, homes in Boise sell after 48 days on the market compared to 7 days last year” (Redfin.com).
Identify Properties That Meet Your Criteria: Consider factors such as location, price, condition, and potential for rental income. Kerfoot Legacy Realtors’ expertise in the area and the market can help you identify the perfect properties to help you build your investment portfolio.
Crunch the Numbers: Calculate the potential return on investment (ROI) for each property you're considering. This involves analyzing the property's potential rental income, expenses such as property taxes, insurance, and maintenance, and factoring in the potential for property value appreciation.
Secure Financing: Work with a mortgage broker or lender to secure financing for your investment properties. Consider factors such as interest rates, terms, and down payment requirements. If you do not currently have a lender, we have built a list of trusted agents over the years who can help you achieve your goals.
Hire a Property Manager: Consider hiring a property manager to help you manage your investment properties. This can help ensure that your properties are well-maintained and that your tenants are happy.
Diversify Your Portfolio: Consider investing in a variety of different properties to help diversify your portfolio and reduce risk. This might include investing in properties of different types, sizes, and locations.
Plan for the Long-Term: Building a retirement portfolio using investment properties takes time and requires a long-term perspective. Set realistic goals and consider working with a financial advisor to help you develop a comprehensive retirement plan.
By following these tips, you can help build a successful retirement portfolio using investment properties. Contact us to learn more about investing in real estate and how we can help you achieve your financial goals.
Steps to Buying Commercial Real Estate
Determine Your Budget: Determine how much you can afford to spend on commercial real estate, taking into account factors such as down payment, financing, and ongoing expenses.
Define Your Objectives: Define your objectives for buying commercial real estate. Are you looking to use the property for your own business, lease it out to tenants, or hold onto it as an investment?
Work with a Real Estate Agent: Let us help you find properties that meet your criteria and negotiate favorable terms.
Conduct Due Diligence: Conduct thorough due diligence on any property you're considering buying. This might include inspecting the property, reviewing financial and legal documents, and researching the local market.
Secure Financing: Work with a commercial lender to secure financing for your purchase. Consider factors such as interest rates, terms, and down payment requirements.
Negotiate Terms: Negotiate favorable terms for your purchase, including price, financing, contingencies, and closing costs.
Plan for Ongoing Expenses: Plan for ongoing expenses such as property taxes, insurance, maintenance, and repairs. Consider working with a property management company to help you manage your property and maximize your returns.
By following these tips, you can help ensure that your commercial real estate purchase is successful. Contact us to learn more about buying commercial real estate and how we can help you achieve your commercial real estate objectives.