Improved TAX credits...Buy that home??

Times change and create opportunities. Today's first time home buyer and new move up buyer tax credits have some significant advantages.

I have what might be the easiest pencil to paper analysis to help you analyze the possible purchase of a home. It also covers rent to buy scenarios too.

Have a great rest of the weekend.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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Get the price right first

Price it RIGHT... Or you'll get a lower price later

In my  20 years of real estate I've observed one key thing, folks thinking of selling their home really don't like to hear this statement. Most feel, when they hear "price it right" they are being asked to sell at a reduced price and the realtor just wants a quick sale. In reality it is a TIMELY sale both the seller and realtor should want. In a market where we have an over abundance of pre-owned & new construction homes for sale, pricing becomes even more critical and as a rule, the longer your home remains on the market...the less you will get. Overpricing, especially in a market that is saturated with homes for sale, is a big, big mistake. An agent that knows and keeps current with the market and what is going on in that particular neighborhood and surrounding area will know how to price your home to get it sold expediently while still realizing for you the highest and best sales price. There can in some cases be the need for a "pre-listing" appraisal and a "pre-listing" inspection.

*In conclusion most showings for any home will take place during its first 2-4 weeks on the market - when it’s an exciting, new listing! So, it’s critical that the asking price be razor sharp to the actual value right from the start of your home being put on the market!!

*Steve Young has been a top producing Realtor since 1989. Growing up in the DFW metroplex, he knows areas and values extremely well. He is a member of the RE/MAX 100% club, rookie of the year 1990 and Realtor of the year 2005 for the Arlington Board of Realtor's, is the past chairman for the Arlington Board of Realtor's for 2008 and current Chairman of the Arlington Board of Realtors Community Service Foundation.
817-276-5149
www.searchtxhomes.com

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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Thanksgiving

Hope all have a peaceful and blessed Thanksgiving. Here is a site that has a really cool Thanksgiving quiz. Maybe help us to remember the firm foundation that this Country was founded on. 

Thanksgiving Quiz

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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HVCC info

Received a very good update yesterday at board meeting regarding the home value code of conduct going on. There are also some good sites reporting on this too. Bottom line, we need to be pro active for our customers & clients as well as our own business. To whom much is given much is required.

Steve Young
817-276-5149
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steve@steveyoung.pro

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Repeat buyers

The new homebuyer program

offers an exciting new opportunity missing from the previous incentives – a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years. This gives those who already own a qualifying residence some additional reasons to take advantage of lower home prices and interest rates and finally move up to the home of their dreams.
 
Important Deadlines
Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.

Get the Facts
There are other important rules and guidelines you must meet to qualify for this great opportunity. So, if you or someone you know has missed out on the first two home buyer tax credit programs in the last two years, don't wait. Give me a call today. I'll get you in touch with some of the best mortgage officers in the business that will gladly review your situation and see if you can benefit from this new and improved program.

There are also NEW Tarrant County bond programs coming for first time buyers that will work with the $8,000 first time buyer TAX credit. Out of pocket money to purchase your new home could be as little as $1,000 plus receiving the Governments TAX credit too!

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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Insurance web site

This is a good site to keep up with Insurance info for Texas. http://tcais.org/

You can also sign up for their email newsletter which gives a good synopsis of current events.

Some of the latest things are a drop in auto insurance rates, per there info, of 14%. This will help all of us and also Arlington, Tarrant and Johnson Counties Real Estate sales. 

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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EVENTS CENTER AT UT ARLINGTON

Some pretty cool stuff coming...The University of Texas System Board of Regents has unanimously approved the final design for the University of Texas at Arlington’s $78 million special events center.
The 6,500-seat center will be home to the UT Arlington Mavericks basketball and volleyball teams, commencement and other community events once it opens in early 2012.
Groundbreaking for the building is slated for spring 2010.
A four-story, mixed-use residence hall and parking garage is planned just north of the events center, and the university is partnering with the City of Arlington to carve out a walkway along Center St. and green space on the center’s south side.

Story courtesy of: The Real Estate Center

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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Lincolns opinion on Property Rights

"Property is the fruit of labor...property is desirable...is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another; but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built." The Collected Works of Abraham Lincoln edited by Roy P. Basler, Volume VII, "Reply to New York Workingmen's Democratic Republican Association" (March 21, 1864), pp. 259-260.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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TEXAS CITIES DOMINATE LIST OF TOP PERFORMERS

In a "Best-Performing Cities Index" the Arlington-Fort Worth ranked #12 out of all! 

Leaders in this year’s index, which ranks U.S. metros based on their ability to create and sustain jobs, are all metros that succeeded in avoiding the worst of economic declines driven by falling housing markets and job losses in manufacturing and global trade.

Regional economic factors also strongly influenced the rankings this year, with the oil and gas sector, technology and alternative energy providing stability among metros in Texas, North Carolina, Washington and Louisiana.

Another factor helping Texas metros move up in the rankings is the state’s favorable business climate and its ability to attract jobs and corporations away from higher-cost states. 

You can get a list/ranking of all the cities by going to: The Real Estate Center

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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Downtown Arlington Farmers market until Dec 18th

Don't forget to visit the Downtown Farmers Market on Fridays now through December 18. The market is located on Front Street between Mesquite and Elm streets, adjacent to the railroad tracks just south of Division.  Market vendors sell tasty fresh produce, seasonal fruits and vegetables, herbs, and unique food products starting at 9:00 a.m. and closing up around 1:00 p.m. 

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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New on the market for sale

www.2108merrittway.com  Please click on the address link to see more!

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

.

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Real Estate & life thought...

Time is like gold, and good spending habits are essential! 

The Maxwell Leadership Bible 

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
http://stevesellsdfw.wordpress.com
steve@steveyoung.pro

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FannieMae info

Defaulter's now have the option to rent their home from Fannie Mae. Good or bad? 

Some thoughts...who manages the properties & keeps the books? What's the cost of all this? When, for example, a water pipe breaks in the home, who takes care of the situation and how quickly does it get resolved. Per law, most states have a  certain time frame for high priority items such as this to be done. Do we want the Government to become a landlord? Anyone remember the RTC? 

Just some thoughts, any opinions?

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Just listed

Newly listed in S Arlington Hunter Pointe addition.

2108 Merritt Way, Arl

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Regarding health care vote

Interested in seeing how Yours & other legislators have voted on the health care issue? Click this link:  

 Point of View . 

Then you can enter your address to see your local legislators vote and all the others as well.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Social networking

20 Possible Goals for social media use.  Webpro news

1. I'm a content provider, and I want to expand my reach.

2. I want my customers to be able to stay updated with news about my company.

3. I want to get to know my customers.

4. I want to promote my product.

5. I want to stay abreast of current news and trends.

6. I want to share my ideas with likeminded individuals.

7. I want to increase brand awareness.

8. I want to provide customer service and support easily.

9. I want to find a job.

10. I want to recruit.

11. I want people to like my brand. 

12. I want to collaborate on business projects.

13. I want to directly sell a product.

14. I want to earn respect within my industry.

15. I am getting information overload, and I want to get organized.

16. I want to drive traffic to my site.

17. I want to attract advertisers and make money.

18. I want to get more involved with local prospects.

19. I want to get more involved with people on an international and global level.

20. I want to keep up with my competitors.

I found this after I saw a quote from a good friend of mine on Tweeter the other day…”Brilliant people talk about ideas, average people talk about things and small people talk about other people...”

 

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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More TAX credit info

Good Monday morning. Okay, just ONE more information site that I have been using for myself. I like anything that puts pretty much everything I need at one place! National Association of Home Builders

Have a great week,

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Homebuyer TAX credit info

Congress has extended and expanded the homebuyer tax credit. If you would like a brief explanation of the changes to the homebuyer tax credit and a chart that outlines these changes in an easy to understand format, email me and I'll send them to you.

I work with the very best loan and mortgage officers in the business that know the new tax credit and first time home buyer programs available,  so when you're ready to get serious about buying a home, email or call me and I can get you in touch with one of them.

Also please check out my blog on predatory lending: stevesellsdfw's blog

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Friday real estate

Hi folks, getting enough emails regarding the TAX credit extension? I was thinking okay, enough is enough but then realized that this is such a good thing, why not send it out en masse! Add to that the great State of Texas we live in and we are very very blessed.

 

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro

www.arborcsf.org
steve@steveyoung.pro

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Election results

Cool State of Texas site shows breakdown/percentage of  2009 Constitutional Amendment Election for Texas!

Election night returns

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Rates stay low

WASHINGTON (AP) - The Federal Reserve on Wednesday held its bank lending rate near 0% and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed also said economic activity has "continued to pick up" and that the housing market also has grown stronger, a key ingredient to a sustained recovery.

For more on this story, go to http://www.usatoday.com.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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Real Estate news

Fort Worth is tenth fastest-growing city in the nation (Demographics : Dallas-Fort Worth-Arlington) 6/30/2009

(Fort Worth) - Fort Worth was the tenth fastest-growing city in the country in 2008, and three other Texas towns were in the top ten, according to U.S. census population estimates released Tuesday. Texas was well-represented among the fast gainers. Round Rock, north of Austin, was number two on the list with a gain of 7,877 residents. McKinney was number five and Killeen was number nine on the growth chart of cities with populations over 100,000. However, Fort Worth, which added 24,413 residents over the 12-month period and grew to 703,073, stands out in the crowd, census demographer Greg Harper said. "If you look at the ten fastest-growing cities, Fort Worth is number ten, but it is by far the largest city among the ten," Harper said. "It is growing at 3.6 percent over that time, and it is a little unusual to see a city of that size among the fastest-growing. If you look at the top 25, it is still the largest city among those cities in terms of percent change from 2007 to 2008." In Dallas, an increase of 13,538 people made for a total population of 1,279,910. See other demographics & news at http://recenter.tamu.edu/mnews/newssearch.asp?TID=12&AID=8&STX=               Real Estate Center at Texas A&M University

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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TX credit extension

Vote on tax credit expected this week
Senate bill amended to extend, expand credit

Congress has approved a one-year extension of higher loan limits for mortgages backed by the Federal Housing Administration, Fannie Mae or Freddie Mac, and an amendment that would extend the first-time home buyer tax credit has been incorporated into a Senate bill to prolong unemployment benefits.
A procedural vote on the unemployment benefit legislation, HR 3548, is expected today, Congressional Quarterly reported, with final passage by the end of the week. Call me if you have questions or would like to get pre approaved for your mortgage loan now.

Steve Young
RE/MAX Associates
(817) 276-5149
www.steveyoung.pro
www.steveyoungtexasrealestate.pro
steve@steveyoung.pro

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