5895 W Kuna Mora Rd, Kuna
MLS® # 98863509
Buying Kuna Idaho Foreclosures- If you are looking for a small rural town feel but want the convenience of living near employment and recreation, then Kuna is for you. Located just minutes south of Meridian, Kuna is one of the fastest growing communities in the area. If you're considering bank owned homes in Ada County, purchasing a home in Kuna is even more affordable than ever before. Buying Kuna Foreclosures.
|All Listings||Over $1,000,000|
MLS® # 98863509
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Over 60% of all homes sold in Kuna in 2010 were distressed sales. Kuna home prices have dropped considerably over the past few years with the median prices significantly less than Boise and Meridian real estate. When you purchase a foreclosure property, you can get more of a bargain since most banks want to unload these properties as quickly as possible. This sets up an incredible buying opportunity in this picturesque town of approximately 16,000 residents.
It is relatively easy to purchase a Kuna foreclosure property. The biggest difference compared to traditional sales is to know you are dealing with a bank and not the homeowner. The term ‘foreclosure’ refers to a property the bank has taken back due to the inability of the owner to make payments and the property did not sell at auction. The bank then has to spend money to maintain the property, pay the property taxes, homeowner’s association fees, and make any required repairs to put it back on the market. This process takes several months and is an incentive for banks to price the foreclosures aggressively below market value to ensure they sell quickly. When putting in an offer a buyer needs to do their homework on the neighborhood’s recent sales and have a good idea on the repair/upgrade costs to get the property to their specifications. There are times were these bank foreclosures, also known as REO’s (real estate owned), are priced so low there are multiple offers on them. They generate a bidding war and escalate the price so they may or may not be a good deal anymore. Another important step for the buyer is to make sure they get a home inspection and have a cancellation clause if the repairs are too extensive. Most banks want to sell the property ‘as is’ and won’t agree to any repairs.
Kuna’s reputation as a small, agriculture town now turned to a vibrant and affordable bedroom community to Boise. Due to Kuna’s very affordable home prices, potential for further growth and the community’s commitment to maintaining their high quality of life, buying a foreclosure property in Kuna maybe an opportunity to good to miss! (Photo-Nearby Swan Falls Dam on Snake River)
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Contact The Hughes Real Estate Group for more information or to view Idaho homes: (208) 571-7145.
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Listing information last updated on March 29th, 2023 at 4:37pm MDT.