Garden City Idaho Foreclosure Properties

Buying a Garden City foreclosure property may be a tremendous opportunity to buy a home or investment property.  Garden City’s is uniquely located in the heart of the Treasure Valley and parallels the Boise River. Buying Garden City Idaho Foreclosures.

Garden City Foreclosure Homes for Sale

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Garden City ID Foreclosures and Short Sale Properties 

Garden City is completely surrounded by the city of Boise and just minutes from the surrounding communities of Meridian, Eagle, and Kuna.  The approximate 12,000 residents of Garden City enjoy the best of what the area has to offer with is close proximity to downtown Boise and wide range of properties available.  In Garden City, you have some of the most affordable housing options to some of the most pristine gated communities featuring some of the most exquisite homes along the Boise River. 

Less than one third of the sales for last year were distressed in Garden City but as of the first of the year, more than half of the listed properties were distressed.  The type of sales that fit this ‘distressed’ category are foreclosures, which are properties owned by banks or the government that have been taken back due to the owners inability to pay for the mortgage, short sales (pre-foreclosures) and auctioned property.  Most Idaho foreclosure homes are owned by the banks (also known as REO’s, for Real Estate Owned).  Typically, bank owned foreclosures are priced competitively and below market value to sell quickly.  When purchasing one of these bank owned properties, the buyer must so their homework on the neighborhood and potential repairs.  Once an offer is accepted, most banks will not want to do any additional repairs and prefers to sell them in their current condition.  A buyer may still have an opportunity to cancel based on the home inspection if the repairs or upgrades are too extensive as long as they put that as a condition of the sale.  Most sales can close within the typical 30-45 day closing time frame.

Wherever you go in Garden City, you are just steps from the Greenbelt, beautiful wildlife, and lush greenery surrounding the Boise River.  The community has taken some proactive steps to ensure the future vitality of the city.  Buying a Garden City foreclosure or short sale property may be an excellent value and a great investment for the future. 

View information and real estate listings in other Idaho communities. 

Contact The Hughes Real Estate Group for more information or to view Idaho homes: (208) 571-7145.