Real Estate Information Archive

Looks like there are some great buys this week. Let me know if I can set up a time for you or anyone you may know to preview the homes below.

4918 Silvercrest - $258,500 - 4 beds - 3 baths - 3 garage

4822 Rhea Road - $117,000 - 3 bed - 2 bath - 2 garage. Bid deadline is daily @ 11:59 pm.

1701 Tilden - $123,000 - 4 bed - 2 baths - Backyard Apartment - Just reduced $26,000.

2907 Lawrence - $43,900 - 3 bed - 2 bath

4803 Shenandoah - $130,000 - 2251 square feet - 4 Bed - 2 Bath - 2 Garage - Bid deadline is November 12 @ 11:59 pm.

Hope all is well and I look forward to hearing from you.

Don't forget to vote TODAY!! 
 
  Texans have the opportunity today to vote on several constitutional amendments that will help ensure fair and uniform tax appraisals for property owners. An e-mail misinformation campaign has been circulating that makes false claims about Propositions 2 and 3. The e-mail claims that passing these propositions will allow the state to start taxing homeowners. That is complete fiction. Here are brief explanations of what all three amendments will actually do:
     Proposition 2 will require county appraisal districts to value a home as a home. Currently, appraisal districts can use the "best and highest use" method to value a residence based on its potential use. For example, a residence in a neighborhood zoned for mixed use could be appraised at a higher amount for its possible use as a commercial property.
     Proposition 3 gives the state the ability to make sure appraisal methods are consistent throughout the 254 Texas counties.
     Proposition 5 will make it acceptable for two adjoining appraisal districts to combine their boards of equalization if they wish - an option that rural counties may find attractive. 

Did you know that an investment of $7,000 could lead to a value of $109,000 within 15 years? Have you ever thought about have a tenant or renter pay for your children's education? Today there a numerous concerns about the increasing cost of college education. Here, in the video below, Ashton shows us how we can take a small investment and create incredible wealth through Real Estate.

For more information, please let us know how we can serve you further in this manner. You can reach Ashton direct @ 940.224.0881 or ashton@bishoprealtors.com .

Good Monday morning to you! I hope you had a great weekend!

Right now all the buzz in Wichita Falls is with the 1st Time Home Buyer Tax Credit expiring on December 1st. I had the privilege of being on the news this week to discuss this matter. See link below for the story...

http://texomashomepage.com/media_player.php?media_id=405721#

Also, there have been some wonderful ranch properties come on the market in the last few weeks. These are great opportunities right now to own fabulous parts of Texas - if you or anyone you may know has an interest here, please let me know - I'll email you the information.

As we approach these last couple months of the year and head towards the Holidays, I encourage you to make a difference. Work as hard as you did in January, engage with laser focus, laugh more, taste every ounce of life, and love well.

"We dont tie...we win." Carl Gulley

Good Monday Morning to you!

The Autumn weather the last few days has been beautiful, and it looks like this week will offer the same.

See link below for this week's video update.

Remember these sites:

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

www.TalkRealty.com/AshtonGustafson - Market Update

If I can serve you or anyone you may know this week, please let me know.

"Many of life's failures are people who did not realize how close they were to success when they gave up." Thomas Edison

Rates have risen slightly in the past week along with the stock market. You will see the current rate chart from a local lender today. The ten year Treasury is now trading just below 3.5%, up from the 3.2 % range last week which has caused rates to move upward.  It seems that when news about the current economy is positive, rates move upward.  They are still near all time lows as you will see on one of the charts I have attached.  As the economist have said, “don’t let interest rates stand in the way of purchasing a home”.
 
Have a good weekend. Let me know if I can serve or answer any questions.
 

Rates as of 10-16-09
Conventional
30 yr fixed  4.875%     .75 + 0   (740 fico, >$125,000 loan amount)
                5.000%     .25 + 0   (740 fico, >$125,000 loan amount)
                5.125%         1 + 0  (740 fico, >$125,000 loan amount)
 
15 yr fixed       4.500%      0 + 0   (740 fico, >$125,000 loan amount)
 
FHA                5.250%       0+0    (640 fico, >$120,000 loan amount)
 

Ashton Gustafson

www.TexomaHomeSource.com - Info

www.TheFallsHomeFinder.com - For Buyers

www.TexomaHomeValue.com - For Sellers

Great news was released today for Wichita Falls and Sheppard Air Force Base - congress moved today to give American service members another 12 months to claim the popular 1st Time Home Buyer Tax incentive. Still has to pass Senate and be passed by Obama - but a great opportunity for buyers moving our way.

See link for article. http://www.usnews.com/money/blogs/the-home-front/2009/10/8/house-votes-to-extend-first-time-home-buyer-tax-credit-for-service-members.html

Good Monday morning to you!

Looks like Fall is starting to creep its way into Texoma this morning. The weather forecast also anticipates much needed rain - we can never say no to the rain here in North Texas.

What about the Real Estate forecast???? Many of you have called and emailed me with questions in regards to where the market is headed. While I do not have a Real Estate "radar", I do know where the market is today - and that answer is good.

The first time home buyer tax credit is set to expire on November 30. If you are looking to get this tax credit, we need to be looking asap. See www.TheFallsHomeFinder.com to make a "favorites" list and let me know when a good time for you to look is. The market is already getting tough in the ranges where these buyers are looking.

Also, interest rates are at historical lows. This is very important to remember, and often overlooked. The reality is, each time the rates increase, your purchasing power decreases - so today, you can afford more than you can tomorrow. The chart below will show you just how attractive these rates are - historically speaking.

We have also seen great results lately on the selling side here at the Bishop Group. There's no doubt its tough out there, but in this down market we are ahead of where we were a year ago.

Please let me know if there is anything I can do for you or anyone you may know this week...I'm here to help.

Make it a great week.

"You will find the key to success under the alarm clock." Ben Franklin

Good Monday morning to you!

Interest rates had a favorable decline this week, which continues to make this a great time to be in the market. I saw numerous local lenders with 30 and 15 year FIXED rates at below 5% - these figures are historically low, and will not last forever.

Have you ever thought about investing in Real Estate? In an area where Real Estate is so affordable, you can purchase a small home, rent it out, and own it free and clear faster than you may realize. If this is something that you would like to discuss, please call me to set up a consultation appointment. Get a jump on the market now @ www.TheFallsHomeFinder.com.

Thinking of selling and wondering what your home would bring in today's economic climate? Remember, www.TexomaHomeValue.com. Here we'll provide you with a market analysis within 24-48 hours of you submitting your request.
If I can serve you or anyone you may know this week, please let me know - I'm here to help.

Forecast says Wichita Falls will be in Top 10 for Home Price Performance in ‘09
By admin • September 11th, 2009
 
Need evidence that Wichita Falls is a great place to buy a home?  Curious just what others really think about the Wichita Falls real estate market?
 
Check this out…just released from Local Market Monitor:
 
“According to the forecast, among the largest US markets—identified as those with populations greater than 600,000—the 10 markets with the best expected performance in home price are:
 
Baton Rouge, LA
Buffalo-Niagara Falls, NY
Dallas-Plano-Irving, TX
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Little Rock-North Little Rock-Conway, AR
Omaha-Council Bluffs, NE-IA
Pittsburgh, PA
San Antonio, TX
Syracuse, NY
Wichita Falls, TX
 
These top markets, where home values are expected to remain level, are among those markets that did not have a big housing boom and have had relatively small job losses over the past year.”
 
here’s the link:
http://tinyurl.com/kqhmhy
 
also reported in the Dallas Morning News:
http://www.dallasnews.com/sharedcontent/dws/classifieds/news/homecenter/realestate/stories/091009dnbusTophome.1636dbf23.html
 
We are excited about the news, but not surprised!