According to some of my builder contacts, the city of Waxahachie is raising requirements on new homes built. Some of these changes include higher minimum footage requirements, alleys, rear and J-swing entries. This along with the changes in the housing market and the cost of materials means higher prices.
Right now homes are available in town for as low as $90,000, but that will see a significant increase. The requirements certainly have an upside, but it means that fewer first time buyers will be able to buy a home in this great city! I encourage anyone who is interested in a home here, to strike while the iron is hot, prices are great and interest rates are still holding.
I have some good loan sources for challenged credit and strong credit. They'll be glad to look at your situation. I believe changes will be taking place fairly soon as plans are currently being reworked. So now may be the time for you to qualify for a new home. A delay could possibly mean you can't qualify for a home in the near future. I'll be glad to assess your situation and help find you just the right home.
Wednesday, July 16, 2008
Tuesday, April 29, 2008
It's a Buyer's Market - So When Are you Going to Buy?
A buyer's market means there is an abundance of goods for sale. That means that you have good selections in new homes. You may be able to get that inventory home at a good price, and possibly a reduced one.
That means to you that when buying is a bit slower and prices and staying down, you are able to maximize your investment. Donald Trump is buying up real estate right and left now. What does that say? Buy low, gain equity. Just as in the stock market you want to buy low and gain value over the long haul.
Besides being an investment, your home is where you live your life. It is the backdrop for everything you do. It IS more than an investment for the large majority of people.
The Federal Courts have just ruled that the Down Payment Assistance programs are viable, and will continue, at least until further notice. What a terrific opportunity! Zero move-in is what it means to most buyers. Of course, a down payment is fine, but for those who don't have it, it's their key to home ownership.
Regarding local prices, they have been under control for a good while, and are on the rise again. Researching the local market will allow you to see that home builders have not decreased the prices of their properties, but only have given some discounts on selected inventory homes to keep things moving.
To review -- we've had plenty of new housing inventory to choose from. They are dwindling fast. Many were discounted to some degree. Interest rates are still historically low, but beginning to rise. Builders homes, following the usual trend are still having gradual price increases.
Sounds to me like the buyer who has been waiting on the sidelines needs to get off the fence and pull out his checkbook. Are you waiting for the rates to rise, and for prices to increase? So when ARE you going to buy?
That means to you that when buying is a bit slower and prices and staying down, you are able to maximize your investment. Donald Trump is buying up real estate right and left now. What does that say? Buy low, gain equity. Just as in the stock market you want to buy low and gain value over the long haul.
Besides being an investment, your home is where you live your life. It is the backdrop for everything you do. It IS more than an investment for the large majority of people.
The Federal Courts have just ruled that the Down Payment Assistance programs are viable, and will continue, at least until further notice. What a terrific opportunity! Zero move-in is what it means to most buyers. Of course, a down payment is fine, but for those who don't have it, it's their key to home ownership.
Regarding local prices, they have been under control for a good while, and are on the rise again. Researching the local market will allow you to see that home builders have not decreased the prices of their properties, but only have given some discounts on selected inventory homes to keep things moving.
To review -- we've had plenty of new housing inventory to choose from. They are dwindling fast. Many were discounted to some degree. Interest rates are still historically low, but beginning to rise. Builders homes, following the usual trend are still having gradual price increases.
Sounds to me like the buyer who has been waiting on the sidelines needs to get off the fence and pull out his checkbook. Are you waiting for the rates to rise, and for prices to increase? So when ARE you going to buy?
Monday, January 28, 2008
Down Payment Assistance
The Department of Housing and Urban Development has stuck to its guns regarding seller-funded down payment assistance. Almost all of my buyers have used down payment assistance for purchasing their homes!
Suit has been filed against FHA by the two largest assistance programs. The reprieve was made in October for another six months which ends on March 31, 2008. We don't know what will happen before then, but if you are interested in buying that first home, this is the time in order to get your zero move-in, not to mention the great inventory, hold on pricing and fantastic interest rates. It's never been better!
Sales agreements made before March 31 are supposed to be eligible for the DP assistance feature, at this point with only a couple of providers!
I even have builders who are contracting and doing credit repair for most people and making every effort to get them into a new home!
Please contact me if you are interested in getting in under the wire for your zero move in!
Suit has been filed against FHA by the two largest assistance programs. The reprieve was made in October for another six months which ends on March 31, 2008. We don't know what will happen before then, but if you are interested in buying that first home, this is the time in order to get your zero move-in, not to mention the great inventory, hold on pricing and fantastic interest rates. It's never been better!
Sales agreements made before March 31 are supposed to be eligible for the DP assistance feature, at this point with only a couple of providers!
I even have builders who are contracting and doing credit repair for most people and making every effort to get them into a new home!
Please contact me if you are interested in getting in under the wire for your zero move in!
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