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Remodeling: Making Home Improvements Pay
2007-02-05 19:07:23
Often, sellers are often surprised that a new roof or new carpet doesn't increase the value of their home by the amount they spent on it.  I usually remind them that their home had a roof on it before they replaced it, and amazingly enough, buyers expect a house to have a roof on it when they buy it.  Same thing with new carpet, paint and etc.  Now that is not to say that a new roof won't increase the sell-ability of their home, or that they can't recoup some of the cost of replacement.  Given two equivalent homes, one with a new roof and one with one needing replacement, which one would YOU buy?  For many buyers, the replacement of a roof is an unknown quantity in the home buying equation.  After all, even with an estimate, the replacement could end up costing much more when the actual work is done:  materials costs increases, discovery of rotted decking and other such factors can add up to hundreds or thousands of dollars.  I usually recommend to sellers that they do i
Read more: Remodeling

Waco real estate market watch
2007-01-23 20:45:30
Here are some interesting figures from the past year for the Waco Real Estate Market.  IF you would like a market report customized for you, please visit Waco Home Sellers and request a free market report that can be tailored to your specific interests.  The following statistics represent the home sales from January 23, 2006 through January 23, 2007.  These figures are for 3 bedroom, 2 bathroom homes and are broken down across the most popular areas of central Texas.  For each area, the number of homes sold, the average price and days on market (DOM) is provided.  The last column is the percentage of the asking price for which the homes actually sold.  For each area, the new versus existing home sales are separated out.  Area                       Sales                    Price           DOM                % China Spring               39                    $161,027        
Read more: watch

Real Estate 101 (or How to Buy a House in Waco)
2007-01-23 07:14:32
Step 1:  The Lender As a Realtor, I frequently get calls from people that want to own a home, but have no idea of how to go about buying one.  They may say, "I think I want to buy a house but I don't know what to do"  Or, "I saw a house I would love to buy but I'm not sure where to start or how to do it"  Or even, "Can I afford to buy a home?"  If you are thinking, "Yes!  That's me!" you're in the right place.  The question you should be asking is this: Can you afford NOT to buy one.  OK, here is dirty little secret number #1:  If you can afford to rent a house in Waco, you can afford to BUY one.  Let's be honest, landlords don't buy a house and then rent it for less than the payments, insurance, taxes and upkeep cost them.  They are making a monthly profit on that house (or apartment) you are renting — you could be putting that money in YOUR pocket, instead of theirs.  The only real problem in making the transition from a renter to a hom
Read more: Estate , House , Real Estate

Hello world!
2007-01-11 05:21:48
Welcome to Waco Home Sellers Weblog.  My goal is to create a friendly place to get your questions answered about buying or selling homes in the Greater Waco area.  Whether you’re a first time buyer, a real estate investor or a savvy home seller, I hope that you will learn something from your visit here.   Please check back regularly for updates on the Waco real estate market.
Read more: Hello , Hello world

United States December Foreclosure Report
2007-02-06 06:59:04
RealtyTrac® (http://www.realtytrac.com/) recently released its December 2006 U.S. Foreclosure Market Report, which shows that 109,652 properties nationwide entered some stage of foreclosure during the month, a decrease of nearly 9 percent from the previous month but an increase of 35 percent from December 2005. The report also shows a national foreclosure rate of one new foreclosure filing for every 1,055 U.S. households. RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with over 700,000 properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal's Real Estate Journal. Texas recorded the most new foreclosure filings of any state in December, taking the top spot from California. The state reported 14,195 properties entering some stage of foreclosure during the month, an increase of nearly 4 percent from the previ
Read more: States , United , United States

Existing-Home Sales Ease, Supplies Tighten In December
2007-02-06 06:50:18
Existing-home sales eased but prices stabilized as inventories tightened in December , while 2006 was the third-highest sales year on record, according to the National Association of Realtors®. Total existing-home sales - Total existing-home sales - including single-family, townhomes, condominiums and co-ops - eased 0.8 percent to a seasonally adjusted annual rate1 of 6.22 million units in December from a level of 6.27 million in November.  Sales were 7.9 percent lower than a 6.75 million-unit pace in December 2005. To read more: NAR December 2006 home sale report


Technorati
2007-02-05 22:28:49
Here’s my Technorati Profile


Pending Home Sales Index Rises
2007-02-06 17:13:01
WASHINGTON, February 01, 2007 - Pending home sales are higher, affirming the stabilization that is occurring in home sales, according to the National Association of Realtors®. The Pending Home Sales Index ,* based on contracts signed in December, rose 4.9  percent to an index of 112.4 from an upwardly revised level of 107.2 in November, but is 4.4 percent lower than December 2005. The monthly gain was the biggest increase since March 2004 when the index rose 6.9 percent.  A steady narrowing from year-ago readings has been observed since last July when the level of unsold housing inventory peaked at an all-time high. To read more: Pending Home Sales index rises


Opportunity Knocking for Many Buyers, But Timing is Key
2007-02-06 17:08:47
Consumers considering a home purchase should contact a Realtor® to take advantage of the current environment now.  Although most sellers are still seeing a very good return on their investment, with a median of more than 50 percent appreciation over the past six years, some home buyers are worried about the timing of their investment. As inventories rise, many buyers have increased negotiating power, but are unsure of how to structure the best deal. Sellers need help positioning their homes in a competitive marketplace and in attracting and engaging serious buyers. "Homeownership is a safe, secure way to build long-term wealth," said Combs, vice president of Coldwell Banker-AJS-Schmidt in Grand Rapids, Mich. "Buyers and sellers have different concerns as their local markets change, but our Realtor® members handle hundreds, if not thousands, of real estate transactions over the course of their careers, and can counsel and guide consumers through the process. Realtors® have
Read more: Opportunity , Timing

American Idol, Counting the Stars
2007-02-09 13:07:04
My wife and I lay in bed for what seems like the thousandth night in a row, listening to the crooning drifting into our bedroom.  “I hate that dog”, I said, “and I don’t even know his name.”  My wife and I decend into another fit of giggling.  When the going gets tough, the tough get going, but the resiliant break through with humor.  The “crooning” comes not from our TV, its circuits now long since cooled in our living room, but from a neighbor’s dog barking incessantly up the street.  “What do you suppose he’s barking at?”, I inquired.  “Probably separation anxiety,” answers my wife, ever the social worker and dog trainer. Now, we live in a nice neighborhood and all of our neighbors are great…nice family folks with regular hours and regular jobs and, I assume, regular sleep patterns.  But this dog!  His bark is one that penetrates the night air for up to a mile or more, I’d guess
Read more: American , American Idol , Counting

Foreclosures Begin 2007 at Two-Year High
2007-02-13 15:40:54
New foreclosure activity in January hit its highest level since RealtyTrac began issuing a national foreclosure report two years ago, with 130,511 new foreclosure filings reported during the month. That was up 19 percent from the previous month and up 25 percent from January 2006.  Texas, California and Florida continued to report the top three monthly foreclosure totals among all the states. Texas documented the highest foreclosure total of any state for the second month in a row, with 14,728 new foreclosure filings in January — a 4 percent increase from the previous month but an increase of less than 1 percent from January 2006. The state's foreclosure rate of one new foreclosure filing for every 547 households was sixth highest among the states and 1.6 times the national average. Read more:  http://www.realtytrac.com/ContentManagement/pressrelease.aspx?ChannelID=9&ItemID=1907&accnt=64847  
Read more: Foreclosures , Year High

Real Estate 201 (or How to Buy a Home in Waco)
2007-02-15 19:41:25
Finding a House - The Agent & Agency OK, so you've read through Real Estate 101 and you're pre-approved and you know how much you're qualified to borrow.  You're ready to start shopping for houses!  And you've found an agent with whom you feel comfortable working - by the way, this agent should be ME, if you're in the Waco area.  Why get an agent, you ask?  Don't they cost extra? You could always just get those nice, color real estate magazines and/or drive around neighborhoods you like and just call the agents in the ads or on the signs.  You have to call all those agents anyway since they NEVER put the price in the ads or on the flyers.  Besides, once you call them, they'll get you all fixed up and look out for your interests.  OK, time for dirty little secret #2:  The agent that has the property listed is working for the seller, not YOU!  This isn't really a secret since agents are required to disclose this if you have any substantive discussion ab
Read more: Real Estate

When to Hire a Roof Contractor
2007-03-30 09:25:34
Signs of roof damage and replacement needs. If you are constantly having leaks show up from your roof or it’s beginning to show its wear, it may be time for a total roof replacement. Worn, torn and damaged roofs can quickly lead to other home problems. Hiring a roof contractor can save you time and money [...]
Read more: Contractor

Foreclosures for $1,000?
2007-03-28 17:13:17
Foreclosure Buyers Find Deep Discounts Could those late-night infomercials be true? Could you actually buy your next home for pennies on the dollar? The answer to the first question won’t be tackled here, but the answer to the second question is “possibly.” If you’re looking for a foreclosure, you understand the rules of this hidden market - [...]
Read more: Foreclosures

Real Estate 401 – The Option Period
2007-03-26 10:02:02
The following article is not intended to provide legal opinions or advice, but only to educate buyers about the real estate buying process.  You should always consult a lawyer before entering into a legally binding contract. In Texas, the Termination Option, or the option period as it is typically referred to, provides buyers with an unrestricted [...]
Read more: Estate , Period , Real Estate

Real Estate 301 – Contracts, Offers & Counteroffers
2007-02-28 07:00:03
You finally did it, you found the home of your dreams.  Since you’ve already shopped around and pre-qualified, you know that you can afford it and approximately what the payments will be and how much money you’ll need to bring to closing.  Now you’re ready to make an offer.  Many first time homebuyers have no [...]
Read more: Contracts , Estate , Offers , Real Estate

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