Thursday, January 28, 2010

Just listed-Overland Stage Estates

WOW, Overland Stage Estates beauty! 

3-2-2 with inground pool, updated and shows like new. Great schools & location.

Check it out and pass along to others at: www.5105elranchoct.com

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Wednesday, January 27, 2010

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
 
Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.
 
Here are a few reasons why:
On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly.
 
Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000.
 
There is only one way to avoid being affected by all of these costly changes that lie ahead – submit all FHA mortgage applications by the last week of March.
 

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Article

Sorry about wrong web address for article. Here is correct:


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

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

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Real Estate news

Already some news out regarding fraud issues involving the new TAX credits

Buyers, please get yourselves a professional full time Realtor that can get you hooked up with a professional mortgage company/bank and qualified mortgage officer!!  Article-Predatory Lending

In my 20 years of business I've seen that by doing this, issues of getting taken to the bank...pun intended...can be alleviated. Had to use spell check for that last word!

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

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

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Monday, January 25, 2010

New on the market for sale

Updated and move in ready for new owner! 3-2-2 in great neighborhood and location. 

Check it out at: www.2116merrittway.com


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

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

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Friday, January 22, 2010

Real estate articles

Good artilce on what are buyers wants & dont's at The Real Estate Center. I can't believe the "double shower head" is out!!

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

If you do not want to receive emails from Steve Young, please reply with “remove” in the subject line, and I will remove you from my mailing list.

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Thursday, January 21, 2010

Meeting

Showing Dee Davey everything I know about blogging, well that's it, took 5 minutes

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Tuesday, January 19, 2010

SAVE THE DATE-BRING YOUR DATE!

February 13th 2010, 6:30-midnight at the Arlington Sheraton-An affair to remember highlighting and benefiting the Arlington Board of Realtors Community Service Foundation.  

A great night of pre Valentine fun with 2 bands, silent & live auction, good food & desserts and supporting a wonderful foundation that was created to give support to our community! Call me for more details.

MISSION STATEMENT

"The purpose or purposes for which the corporation is organized are to support and strengthen the community through charitable donations, volunteer work, education, and charitable housing initiatives.  The corporation is specifically authorized to develop and implement grant and/or loan programs to rehabilitate, repair and beautify real property, including privately owned real property, provide disaster and relocation assistance programs for natural disasters and displaced persons, and other programs consistent with such purpose."

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Wednesday, January 13, 2010

Get off the fence...

Coupled with home prices remaining relatively low, TAX credits for first time and current home owners plus first time bond monies and down payment assistance makes this a great time to sell and or buy in today's market! What do I do first you ask? 

Call me and then I'll get you in touch with a mortgage officer that knows these programs that are available for you. 

The foundation of your home purchase begins with getting approved for a loan, obtaining information that could save you money, then with that you are ready to find that perfect home for you and your family.


Also check out my blog regarding importance of getting pre qualified by a reputable lender at: Predatory lending

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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GUESSING IS GREAT FOR PLAYING THE LOTTERY...

...NOT SO GOOD WHEN SELLING YOUR HOME.
As a REALTOR®  I HAVE ACCESS TO THE MOST ACCURATE LOCAL REAL ESTATE DATA.

As a REALTOR® I have exclusive access to industry statistics, trends and up-to-date information, and I know the local real estate market better than anyone. I also bring the expert knowledge and experience it takes to sell your home with as few hassles as possible.

So when you’re ready to sell your home, work with a professional REALTOR® as myself who can explain options that best fit your situation.

Because pricing your home for sale shouldn’t be a guessing game.

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

Posted via email from Steve Young's posts

Monday, January 11, 2010

New on the market for sale

Wonderfully maintained & updated home. Totally move in ready. Approx 11x7 master bath with door that goes out to patio area, laminate wood flooring in living, hallway, tile flooring in kitchen, dining areas & bathrooms. Carpet replaced & freshly painted inside & out December 2009. Covered patio with small wood deck, approx 16x08 storage bld, gutters & flagstone walk way. Spacious treed lot & well kept wooded neighborhood. 

If you know someone that might be interested in this lovely home please pass this along to them!

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Friday, January 8, 2010

New year blog

Ahh, Mac's bar & grill, great place for blogging...at the bar...no pressure!!

I love this statement I saw advertising bond money available..."borrower must have sufficient income to repay the loan". Wow, we sure are asking a lot from these folks. When did this become a condition?

New listing: www.1803nueces.com
Check it out & have a great 2010!

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Act Now...Not Later

Dates to Remember

Two dates lie on the horizon that will impact interest rates and potentially home prices. The first program scheduled to end is the Federal Reserve's program for purchasing Mortgage Backed Securities. Announced in November of 2008, the Fed began purchasing $1.25 trillion in mortgage bonds in 2009 which will culminate at the end of March. As the intention and result of this program was to lower rates, mortgage rates will likely begin to rise after the program concludes.

In addition, April 30, 2010 is the last day to enter into a home purchase contract and still potentially qualify for a federal income tax credit of up to $8,000 for first-time home buyers and up to $6,500 for repeat home buyers. The credit can be claimed only on contracts that close by June 30, 2010.

Act Now...Not Later

While no one knows for certain what the future holds, one thing does appear clear. Home loan rates and home prices both will be higher in the future. If you or anyone you know is looking to purchase or refinance a home, waiting could be costly!



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

Posted via email from Steve Young's posts

Thursday, January 7, 2010

New flood zones

Fema has recently issued flood map updates through out the country. I remember a property I had in early 1990's that had just been updated to being in a flood plain & this happened 2 weeks before closing. Almost lost the deal!! 

With this mapping site, you can enter address, city, etc & find out if the property is in a flood plain or not.

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Tuesday, January 5, 2010

New listing

3-2-2 in North Arlington Pecan Park Addition. 
Check it out!

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Protect Water Pipes During Hard Freeze

A hard freeze is predicted for the DFW Area this week that could result in water pipes freezing. United Carpet Cleaning Systems offers these tips to help our customers prevent problems with water pipes.
 
1. Disconnect and drain all outside hoses. Shut off all irrigation systems and allow them to drain.
2. Wrap exposed outside water pipes with materials that insulate against the cold. Hardware and building supply companies sell a variety of products. Newspapers or rags wrapped in plastic will also work for outside faucets.
3. Know the location of the main water shut off valve to your house and company and how to use it. If a pipe bursts anywhere, this valve can be used to turn off the water.
4. Insulate pipes in unheated areas such as crawl spaces, attics or a garage or warehouses.
5. Open cupboard doors in the kitchen and bathroom so warm air can reach water pipes located in outside walls.
6. Commercial Buildings - make sure and leave heaters on so that overhead Fire Sprinklers do not freeze.
 
Even if you take these precautions, pipes might still freeze. Make sure you have the name and number of a licensed plumber before an emergency, we are happy to refer one if needed.
If you have a water emergency, please call United Carpet Cleaning 817-268-6531 24/7

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Monday, January 4, 2010

Tarrant County Bond program

The Tarrant County HFC Bond Program is designed to help qualified home buyers purchase a home by providing a fixed-rate loan with down payment and closing cost assistance. The grant does not have to be paid back. Loans under this program will be made on a first-come first-serve basis to qualified buyers. 

Two Main Benefits to the Homebuyer:

⇒ 5.05% fixed mortgage rate.

⇒ 3.00% down payment and closing cost assistance grant. For example, on a $100,000 loan amount, home buyers will receive $3,000 in assistance. 

Call me to get more info,


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

Posted via email from Steve Young's posts

Happy New Year 2010

Hope all had a great start to the new year. Interest rates remain low & there are still some really good buys out there in residential & commercial real estate. There is talk of rates going up, Call me to discuss this at 817 276 5149 or email steve@steveyoung.pro

The The Federal Deposit Insurance Corporation just issued a list of enforcement actions on banks across the country. Very nice not to see too many from our great State of Texas listed!!

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