Archives
February 2009
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Charles McMillan, our president of the National Association of Realtors, sent us an email today concerning Obama’s proposed budget proposal. It could have major negative effects to a recovery of our real estate markets across the nation.
The plan changes the mortgage interest deduction by reducing the amount of mortgage deductibility on families earning over $250,000. This proposed change could result in further erosion of home prices and home values. The National Association of Realtors is expressing their concern directly to Obama, the Senate and the House today and placing advertisements in publications read by Washington, DC decision makers. NAR will also be forming a coalition with other groups affected by this proposal.
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According to Consumer Reports
- 71% of sellers said they were very or completely satisfied with their broker, while only 12% said they were dissatisfied.
- 86% of people who put their homes on the market made a sale, while 8% gave up and took their homes off the market. The remaining sellers were still trying to sell their homes.
- 90% of homes that sold were on the market for less than 6 months.
- 66% of buyers used a real estate agent; they paid an average of $5,000 less than the listing price.
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Check out this website www.federalhousingtaxcredit.com. It is a tax credit for first time home buyers. A first time home buyer is a buyer who has not owned a home in the last three years. This website is divided into four parts: an overview of the tax credit and eligibility requirements; frequently asked questions; the law's other provisions and homebuyer resources. This is a good opportunity for the first time home buyer if you have a good credit record.
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According to our MLS system at PPAR in Colorado Springs there are currently 4 homes for sale in Top of Skyway with prices ranging from $545,000 to $2,500,000
Five properties sold in the last 6 months with prices ranging from $489,900 to $842,000.
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Date: Feb. 9, 2009
Tags: None
According to our MLS system there are currently 3 homes for sale in Skyway Heights, Colorado Springs with prices ranging from $569,995 to $750,000.
Three properties sold in the last 6 months with prices ranging from $525,000 to $700,000
If you have any questions send me an email. My email address is enid@beitzel.com
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There are currently 9 homes listed for sale in our MLS system for Austin Heights in Colorado Springs with prices ranging from $379,000 to $499,900. One property is under contract and one other property is pending with list prices of 420,000 and $465,000. Six properties sold in the last six months with prices ranging from $245,000 to $489,000
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Young couples can live comfortably in a rental apartment or small house initially, but inevitably the prospect of children or other considerations will create a demand for more space.
At some point, you will feel that it's time to buy a house, but accumulating the cash for a down payment, moving expenses and up-front loan costs may make it seem out of the question.
But don't despair--home finance is part of a Realtor® training and after discussing your financial picture with them, you may well discover that your prospects for a mortgage are better than you think. If your ability to qualify for a loan in other respects is adequate, creative solutions for a tight initial cash position are available.
A short-term lease-purchase arrangement with the seller, for example, or perhaps a lender with a program that minimizes the down payment and allows some of the loan costs to be included in the payment schedule.
Your agent is aware of these and other alternatives. If you're ready to buy email me. I can help make it happen!
with permission--Realty Tips
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