Sunday, May 22, 2011

Homebuyer Incentives from HomeSteps

What a great offer if you’re considering homeownership as a first time home buyer or if you are simply trading up or down.  

This particular program is from May 16, 2011 – July 31, 2011 with escrow closed on or before September 30, 2011.

Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative.  This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing, without competition from investors.  The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their primary residence.

HomeSteps SmartBuySM is a home purchase program that offers:
*Certain restrictions, limitations, terms and conditions apply. See HomeSteps SmartBuy Terms and Conditions for further details. 

Homebuyer Incentive**
  • Up to 3.5% actual buyer's closing cost
  • 2-Year HomeProtect Limited Home Warranty***
**HomeSteps homebuyer incentives are available to owner-occupants only.
***Terms, conditions and limitations apply. Not all homes or borrowers will qualify. See http://www.homesteps.com/smartbuy for details.

Of course this involves lending and there are many terms, conditions and limitations.  Be sure to check those out.  If you’re interested and we can help in the greater Austin or Highland Lakes areas, give us a call.

Sunday, April 17, 2011

First Time Home Buyers - A Great Experience for the Realtor, too!

Wow, how easy it is to forget how exciting it can be to work with someone who is a first time home buyer. I have worked with several over the last couple of weeks and it is truly re-energizing for me.   I have worked with several both in the Austin and the Highland Lakes areas.

How rewarding to see the joy, excitement (and a little apprehension!) from a first time home buyer! It reminds me of how we should all be every day - intrigued, energized, excited, open to new feelings and ideas, yet aware of all aspects of everyday life.

I am grateful to have worked with these clients lately, it helps to keep me grounded and reminds me why I do what I do. Real Estate is a time consuming business. It is often hard to balance your own family life with helping other families. I am very fortunate to have a very supportive husband and son who make it possible for me to do what I love.

It can be a wonderful and rewarding experience to help people buy a home they love, to help them through the process, to educate them about our market and get them the best possible deal in the process. How exciting is that??!!

Awesome job!

Let me know if my Team and I can send you a FREE First Time Home Buyers Booklet with lots of great information about the process.  Thinking of buying your first home in the Austin area?  Thinking of buying your first home in the Highland Lakes area?   Give us a call or send us an email.

Thursday, February 3, 2011

Texas offers $45M in First Time Home Buyer Assistance

The Austin Business Journal reports that the State of Texas has released $45 Million in a first-time homebuyer assistance program.   Don't forget, also, there are still funds in the Bond 77 Program for downpayment assistance.

It's a great time to buy and there are some great deals out there.   Rental rates are rising, so there may never be a better time to buy in Austin, TX. 

Call or email us for more information or a free list of properties.   Visit our website at www.ppgtx.com 

Visit our website for free foreclosure/short sale information:   www.ppgtx.com/foreclosures

Friday, January 14, 2011

Austin Rental Rates Likely to Rise in the next two years

I attended the 2011 Austin Housing Forecast yesterday.   

If you are currently renting, here is something that might be of interest:    

Austin usually has about 5000-6000 apartment units come on line every year.  In 2011, they are only expecting 800 which may pressure rental rates upward and increase occupancy rates.  

What does that mean for you, a first time home buyer?   Interest rates are currently low, low, low.    Housing pricing in Austin is very affordable.   Increased rental rates and increased occupancy may mean that it will make more sense to look at buying your own home rather than renting.    


Thinking about it?   Plan ahead.  Get your credit in great shape - pay ON TIME!    Don't max out credit cards.   Save money.   You will generally need at least 3.5% down for a home mortgage plus money to pay for closing costs.    


Call us for a copy of the Buy versus Rent brochure and a copy of the First Time Homebuyers Guide.    info@paragonpropertygroup.com      Visit our website at www.PPGTx.com for more information.  

Monday, January 10, 2011

What did interest rates do last week? 1/10/11

Thinking of buying your first home in Austin Texas or the surround Texas Hill Country/Highland Lakes areas?      Rates are still super low, so now is a great time to buy.

Get a First Time Homebuyer booklet or a booklet on Buying versus Renting.  Email:  sue@paragonpropertygroup.com

Visit our website for more information www.PPGTx.com

What Did Interest Rates Do Last Week?
** based on Freddie Mac weekly average survey **
 

30-yr Fixed – Slightly Lower
Last Week: 4.77%
Previous Week: 4.86%
1yr Ago: 5.09%

15-yr Fixed – Slightly Lower
Last Week: 4.13%
Previous Week: 4.20%
1yr Ago: 4.50%

Jumbo Fixed (Average 30-yr Fixed) – 5.125%