Everyone wants to know the state of the real estate market.
Locally, here are the facts.
Our local MLS shows a 54% drop in sales from 08 until now. Average days on the market in 08 was 162, this year 249 days. The number of price reductions are up over 70% from 08, meaning prices are continuing to float down. If you are planning on selling, give me a call to find out the current market value of your property. Homes need to be in excellent condition and updated if needed to show the best. Price is still the most important part of package! There are some wonderful financing options if buying. With 28 years as a broker, I can help you.
Facts above are from Navica MLS.
A Quick Guide to Real Estate Financial Aid Programs
Here are some web sites for real estate programs to help buyers and those who need to refinance.
FIRST-TIME HOME BUYER TAX CREDIT
Helps buyers with up to $8,000 that can go toward a down payment.
TEXAS MORTGAGE CREDIT PROGRAM
Allows first-time buyers to deduct up to $2,000 of annual mortgage interest.
HOME AFFORDABLE REFINANCE PROGRAM
Helps borrowers whose home value has declined refinance their mortgages.
HOME AFFORDABLE MODIFICATION PROGRAM
Helps avoid foreclosure by reducing monthly house payments.
News You Can Use ::
HERITAGE REALTY
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