Sunday, September 27, 2009
$8,000 for first-time homebuyer
For first-time homebuyers--and you are a first-time homebuyer if you haven't owned a home in the last three years--you can get $8,000 if you purchase a home before 11/30/2009. You can even get part of this money up front in order to help with your downpayment and closing costs. Contact us for information and to have an agent help you with this.
Sunday, September 13, 2009
Pricing your property--THE ABC OF MARKET VALUE
Pricing a property based on the current market is the key to maximum exposure, a quick and trouble-free sale.
The value of any property is the price and terms where a buyer and a seller meet.
Truths- These factors truly determine the value of a home.
o Buyers determine by demand how valuable items such as location, design, amenities and condition are.
o Other sellers effect home values by providing competition
o The economy effects home values though interest rates and providing outlook.
Myths - These factors have little or no effect on the current value of a home:
o The price you originally paid for your property
o The amount you’re hoping to receive from the sell of this property
o The amount spent on improvements
Determining the market value:
By looking at the latest market activity we can determine an impartial estimate of a home’s current value. This estimate is called a Comparative Market Analysis, or CMA. In a CMA we look at properties that:
Have sold in the recent past – This shows us what current buyers have been willing to pay for similar properties.
Are currently on the market - These are considered competition. These are the properties that buyers will compare to and eventually choose between.
Failed to sell – These are the properties that were priced to high, we want to avoid ending up in this category, which is why the right price is so important.
For a free Comparative Market Analysis to determine how much your home is worth on today’s market call me, Jacque Lorang at 690-5277 or email ablahoo@yahoo.com
The value of any property is the price and terms where a buyer and a seller meet.
Truths- These factors truly determine the value of a home.
o Buyers determine by demand how valuable items such as location, design, amenities and condition are.
o Other sellers effect home values by providing competition
o The economy effects home values though interest rates and providing outlook.
Myths - These factors have little or no effect on the current value of a home:
o The price you originally paid for your property
o The amount you’re hoping to receive from the sell of this property
o The amount spent on improvements
Determining the market value:
By looking at the latest market activity we can determine an impartial estimate of a home’s current value. This estimate is called a Comparative Market Analysis, or CMA. In a CMA we look at properties that:
Have sold in the recent past – This shows us what current buyers have been willing to pay for similar properties.
Are currently on the market - These are considered competition. These are the properties that buyers will compare to and eventually choose between.
Failed to sell – These are the properties that were priced to high, we want to avoid ending up in this category, which is why the right price is so important.
For a free Comparative Market Analysis to determine how much your home is worth on today’s market call me, Jacque Lorang at 690-5277 or email ablahoo@yahoo.com
Friday, August 28, 2009
FHA Purchase & Renovation Program 203K
FHA has a little known program that was primarily associated with HUD homes but is also available for 1-4 family dwellings. This program can be used to finance the initial purchase and repair or improve the property in one loan. It's called the FHA 203K loan program and it can be used to repair property that you are interested in purchasing all in 1 loan providing that you will use credentialed contractors, it can even include cosmetic improvements as well as major renovation. There is a minimum of $5000 in repairs or improvements and can be used for mixed use residential/commercial properties if eligible. Even a burnt out shell, incomplete shell or empty foundation may be eligible for 203K financing provided it is over a year old.
FHA will lend up to 98.15% of the future value of the dwelling after all completed repairs as long as you do not exceed the maximum FHA loan limit for the area of the properties location.
With this program you can purchase that home you looked at but were discouraged in buying because it needed too much TLC and you couldn't afford the cost of repair out of pocket, or the seller couldn't or wouldn't fix the problems. With this program those problems can be fixed and financed all in 1 loan.
Call or e-mail Larry or Jo Ann Thomas and ask about this fantastic program at 628-2903 or 545-9249 or
larrythomasbrep@msn.com
FHA will lend up to 98.15% of the future value of the dwelling after all completed repairs as long as you do not exceed the maximum FHA loan limit for the area of the properties location.
With this program you can purchase that home you looked at but were discouraged in buying because it needed too much TLC and you couldn't afford the cost of repair out of pocket, or the seller couldn't or wouldn't fix the problems. With this program those problems can be fixed and financed all in 1 loan.
Call or e-mail Larry or Jo Ann Thomas and ask about this fantastic program at 628-2903 or 545-9249 or
larrythomasbrep@msn.com
Tuesday, August 18, 2009
!!! BILLINGS IS NUMBER 1 IN THE NATION !!!
BILLINGS now is ranked Number 1 in the Entire Country for expected Real Estate Price Appreciation !
Several months ago I commented that Billings was ranked no. 3 from Housing Predictor.com ( a web site that forecasts the real estate market nationally). Now they have increased Billings ranking up to Number 1 ! This is number 1 from 250 cities surveyed across the entire country ! The survey researches 20 different factors to arrive at their conclusions. Billings strong job market and overall good economic outlook were major factors in their predictions.
With the recent mortgage rate announcement from Freddie Mac, that 30 year mortgage rates are the lowest they have been since they started keeping records in 1971, can anyone question that NOW is the time, and the Billings market is the place to Buy or Sell Real Estate. Add to this, the new $8000.00 tax credit for 1st time homebuyers and you have many reasons to Buy or Sell NOW.
So if you have been sitting on the fence, wondering if this is the right time, wonder no more!
The time to BUY or SELL is NOW.
Call or e-mail Larry or Jo Ann Thomas today, to get your real estate transaction moving forward NOW.
Call...(406)628-2903 or (406)545-9249
E-mail... larrythomasbrep@msn.com or JoAThomasBREP@q.com
Several months ago I commented that Billings was ranked no. 3 from Housing Predictor.com ( a web site that forecasts the real estate market nationally). Now they have increased Billings ranking up to Number 1 ! This is number 1 from 250 cities surveyed across the entire country ! The survey researches 20 different factors to arrive at their conclusions. Billings strong job market and overall good economic outlook were major factors in their predictions.
With the recent mortgage rate announcement from Freddie Mac, that 30 year mortgage rates are the lowest they have been since they started keeping records in 1971, can anyone question that NOW is the time, and the Billings market is the place to Buy or Sell Real Estate. Add to this, the new $8000.00 tax credit for 1st time homebuyers and you have many reasons to Buy or Sell NOW.
So if you have been sitting on the fence, wondering if this is the right time, wonder no more!
The time to BUY or SELL is NOW.
Call or e-mail Larry or Jo Ann Thomas today, to get your real estate transaction moving forward NOW.
Call...(406)628-2903 or (406)545-9249
E-mail... larrythomasbrep@msn.com or JoAThomasBREP@q.com
Wednesday, August 5, 2009
$8,000 First-Time Homebuyers Tax Rebate
What is a first-time homebuyer? A person who hasn't owned a home within the last 3 years or wants to purchase a home and owns a mobile on a rented lot.
If you do not have the downpayment and closing costs, contact us on how to use the $8,000 tax credit toward these costs.
Roger Johnston, Broker/Owner Billings Real Estate Professionals 248-4409
If you do not have the downpayment and closing costs, contact us on how to use the $8,000 tax credit toward these costs.
Roger Johnston, Broker/Owner Billings Real Estate Professionals 248-4409
Friday, July 17, 2009
The Selling Process
OFFER AGREEMENT SELL!
By Jacque Lorang
When you list a home for sale, you are hoping to get an offer, here is a breakdown of the home selling process after you accept an offer:
Present you the offer:
v Go though the buy/sell agreement.
v Explain your options.
v Explain to you what will be expected.
v Negotiate with the buyers.
Getting to the closing table:
v Explain in detail all the steps that will take us to closing.
v Make sure that the transaction moves forward and all dates are met.
v Accommodate the inspection and home appraisal for the buyer.
v Preparing for the closing.
v Maintain communication.
The Closing:
v You, I and a closing agent will meet at the title company on the closing date.
v The closing will take about a half hour.
Not done yet:
v Follow-up to make sure all your expectations have been met.
v I will continue to be available to.
v Help you find your next home.
For more information on selling your home, contact me, Jacque Lorang 690-5277 or email ablahoo@yahoo.com
For a more detailed description of the Home Selling Process see the most recent post in our Archives section.
OFFER AGREEMENT SELL!
By Jacque Lorang
When you list a home for sale, you are hoping to get an offer, here is a breakdown of the home selling process after you accept an offer:
Present you the offer:
v Go though the buy/sell agreement.
v Explain your options.
v Explain to you what will be expected.
v Negotiate with the buyers.
Getting to the closing table:
v Explain in detail all the steps that will take us to closing.
v Make sure that the transaction moves forward and all dates are met.
v Accommodate the inspection and home appraisal for the buyer.
v Preparing for the closing.
v Maintain communication.
The Closing:
v You, I and a closing agent will meet at the title company on the closing date.
v The closing will take about a half hour.
Not done yet:
v Follow-up to make sure all your expectations have been met.
v I will continue to be available to.
v Help you find your next home.
For more information on selling your home, contact me, Jacque Lorang 690-5277 or email ablahoo@yahoo.com
For a more detailed description of the Home Selling Process see the most recent post in our Archives section.
Thursday, June 11, 2009
Top Ten Reasons You Should Professionally Stage Your Home
1. $$$$- Statistics show staged homes sell for more money than their unstaged counterparts..
2. Sell Faster- Less time on the market means fewer double mortgage payments and less stress.
3. Recoup your costs and then some!
4. Help those with no imagination. Staging helps people visualize their lives in the home.
5. Don’t guess what works, let a professional use tried and true methods.
6. Only 10% of home buyers can visualize the potential of a home.
7. The longer a home is on the market, the less it typically sales for. STAGE FIRST!
8. Tax Benefits- The money you make may be tax-free. The money you spend is tax deductible.
9. Leaving your house in “as is” condition will help sell the competition.
10. You can relax.
For more info on selling your home and the use of professional staging call me, Jacque Lorang 690-5277 or email ablahoo@yahoo.com
2. Sell Faster- Less time on the market means fewer double mortgage payments and less stress.
3. Recoup your costs and then some!
4. Help those with no imagination. Staging helps people visualize their lives in the home.
5. Don’t guess what works, let a professional use tried and true methods.
6. Only 10% of home buyers can visualize the potential of a home.
7. The longer a home is on the market, the less it typically sales for. STAGE FIRST!
8. Tax Benefits- The money you make may be tax-free. The money you spend is tax deductible.
9. Leaving your house in “as is” condition will help sell the competition.
10. You can relax.
For more info on selling your home and the use of professional staging call me, Jacque Lorang 690-5277 or email ablahoo@yahoo.com
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