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.
Showing posts with label Cheaper to Buy a Home in Austin than Rent. Show all posts
Showing posts with label Cheaper to Buy a Home in Austin than Rent. Show all posts
Friday, January 14, 2011
Friday, July 30, 2010
Five Smart Reasons to Buy a Home Now
For Your Clients: Five Smart Reasons to Buy a Home Now
Thinking of buying your first home here in Texas? Here is a great article on why is now a great time to buy a home here in the Austin and Highland Lakes areas, or anywhere.
Texas has many down payment assistance programs, too, and here at Coldwell Banker United Realtors(r), we have programs for Cash Back for Military, Teachers/Educators, First Responders and Medical Personnel... give us a call or send us an email for more information. Or, visit our website at www.paragonpropertygroup.com
RISMEDIA, July 30, 2010--The economy is stabilizing. Home prices are holding. It's not just as good a time as ever to buy a house. It's one of the best times ever.
ForSaleByOwner.com presents five overlooked reasons why now is a great time to buy a house.
1. Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they have a little give to absorb a few ups and downs as the still-recovering housing market gains traction.
2. Houses are in move-in condition. Homeowners have continued to spend on maintenance and repair, according to the Harvard Joint Center on Housing. Homeowners who have been holding back kept their houses in good shape while they waited. As those houses enter the market, they are in marked contrast to tattered foreclosures.
3. Terrific houses are coming on the market. Foreclosures are finally starting to clear the system – and this is just the opportunity that owners of many desirable properties have been waiting for.
4. Appraisal regulations are finally aligned with market realities. Fannie Mae has adjusted its appraisal guidelines...again. Now that appraisers have more flexibility to set values that reflect the current market, today's deals will make it over the finish line.
5. Plenty of programs. Homes are more affordable than they have been for years, but communities have stuck by "workforce housing" programs that encourage middle-class families to buy houses. Buyers who qualify can get a big boost by combining one of these programs with today's low mortgage rates.
Thinking of buying your first home here in Texas? Here is a great article on why is now a great time to buy a home here in the Austin and Highland Lakes areas, or anywhere.
Texas has many down payment assistance programs, too, and here at Coldwell Banker United Realtors(r), we have programs for Cash Back for Military, Teachers/Educators, First Responders and Medical Personnel... give us a call or send us an email for more information. Or, visit our website at www.paragonpropertygroup.com
Contact Brooke LeMond at Paragon Property Group, Coldwell Banker United Realtors 512-284-0799 or brooke@brookelemond.com
RISMEDIA, July 30, 2010--The economy is stabilizing. Home prices are holding. It's not just as good a time as ever to buy a house. It's one of the best times ever.
ForSaleByOwner.com presents five overlooked reasons why now is a great time to buy a house.
1. Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they have a little give to absorb a few ups and downs as the still-recovering housing market gains traction.
2. Houses are in move-in condition. Homeowners have continued to spend on maintenance and repair, according to the Harvard Joint Center on Housing. Homeowners who have been holding back kept their houses in good shape while they waited. As those houses enter the market, they are in marked contrast to tattered foreclosures.
3. Terrific houses are coming on the market. Foreclosures are finally starting to clear the system – and this is just the opportunity that owners of many desirable properties have been waiting for.
4. Appraisal regulations are finally aligned with market realities. Fannie Mae has adjusted its appraisal guidelines...again. Now that appraisers have more flexibility to set values that reflect the current market, today's deals will make it over the finish line.
5. Plenty of programs. Homes are more affordable than they have been for years, but communities have stuck by "workforce housing" programs that encourage middle-class families to buy houses. Buyers who qualify can get a big boost by combining one of these programs with today's low mortgage rates.
Tuesday, June 9, 2009
Get a Buy versus Rent Booklet! - Great Information for First Time Home Buyers here in the Texas Hill Country
Send me an email and I'll mail or email you a First Time Home Buyers booklet on Buying versus Renting.
This booklet offers great information to help you understand how your money can work for you in your own home. Don't forget, there is an $8,000 Tax Credit available to First Time Buyers through December 1, 2009. Plus, FHA loans require only 3.5% down and Sellers can pay up to 6% of the Buyer closing costs for you. Plus, Paragon Property Group Team will credit you with $$ towards closing costs as well!
Up to $100,000 Purchase Price - $250 Closing Credit
$100,000-$200,000 Purchase Price - $500 Closing Credit
$200,001-$300,000 Purchase Price - $750 Closing Credit
You'll receive the credit at closing - what a great deal!!
I'll need the following information:
Name
Phone #
Address (if I'm mailing it to you)
City where you live - (we are located in Central Texas Hill Country, so are focused on helping First Tine Buyers in this area - especially the Austin and Highland Lakes areas, but we can connect you with a great First Time Buyer agent in other areas of Texas, too. Just ask!
Email Address
For more information about Buying your First Home, Call Brooke LeMond at 512-284-0799 or email her at brooke@brookelemond.com
This booklet offers great information to help you understand how your money can work for you in your own home. Don't forget, there is an $8,000 Tax Credit available to First Time Buyers through December 1, 2009. Plus, FHA loans require only 3.5% down and Sellers can pay up to 6% of the Buyer closing costs for you. Plus, Paragon Property Group Team will credit you with $$ towards closing costs as well!
Up to $100,000 Purchase Price - $250 Closing Credit
$100,000-$200,000 Purchase Price - $500 Closing Credit
$200,001-$300,000 Purchase Price - $750 Closing Credit
You'll receive the credit at closing - what a great deal!!
I'll need the following information:
Name
Phone #
Address (if I'm mailing it to you)
City where you live - (we are located in Central Texas Hill Country, so are focused on helping First Tine Buyers in this area - especially the Austin and Highland Lakes areas, but we can connect you with a great First Time Buyer agent in other areas of Texas, too. Just ask!
Email Address
For more information about Buying your First Home, Call Brooke LeMond at 512-284-0799 or email her at brooke@brookelemond.com
Saturday, September 20, 2008
It's Better to Buy than Rent in Austin
Stop Paying Rent!
It's More Affordable To Buy Than Rent in Austin......
It's More Affordable To Buy Than Rent in Austin......
The Austin Area has many Affordable Homes that you can buy & start building for your future in your own home. Plus, there are many financing programs available for First Time Home Buyers and for Teachers/Educators and and people who have jobs such as EMS Professionals, Firemen, and Policemen. Don't let this great Buying Opportunity Pass you Buy - give us a call and get Pre-Qualified by one of our Lender Partners and we'll help you on the path to Home Ownership.....You could be spending the Holidays this year in your own home!
It's more affordable to buy than to rent in Austin (see below) according to data compiled by the National Low Income Housing Coalition. The study states that an average three-bedroom rental costs higher than the cost of a 6-percent interest rate loan for a typical low-priced house, per the just-released report. What that means to people renting two-bedroom apartments is that you would be better off buying a low-priced home rather than renting an apartment.
These are the top 10 markets where it makes sense to buy rather than rent. The full list of 66 markets is available at MSN.com.
1. McAllen-Edinburg-Mission , Texas
2. San Antonio , Texas
3. New Orleans -Metairie- Kenner , La.
4. Houston-Sugar Land-Baytown , Texas
5. Dallas - Fort Worth-Arlington , Texas
6. Rochester , N.Y.
7. Syracuse , N.Y.
8. Buffalo-Niagara Falls , N.Y.
9. Jackson , Miss.
10. Austin-Round Rock, Texas
Source: MSN Real Estate, Marilyn Lewis (09/15/2008)
--Sue Ellett
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