Tuesday, April 28, 2009
First Time Home Buyers Listen Up!
The income limits are as follows for Nelson County:
1 - 2 person household Income up to $55,200
3 or more household Income up to 64,400
The borrower must contribute $500 to the closing costs and this money can be used for closing costs or down payment. First Time Homebuyers will have to complete a homebuyer counseling program. Applications can start being submitted on May 1st. Let me know if you have any other questions. Julie Moore Betty Seay Team 502-349-0051 Thanks for the info Patti!
1 - 2 person household Income up to $55,200
3 or more household Income up to 64,400
The borrower must contribute $500 to the closing costs and this money can be used for closing costs or down payment. First Time Homebuyers will have to complete a homebuyer counseling program. Applications can start being submitted on May 1st. Let me know if you have any other questions. Julie Moore Betty Seay Team 502-349-0051 Thanks for the info Patti!
This is a great piece of information. As for Nelson County I would add that it is VERY important in our market to list with a local agent! Agents that market in this area and belong to the local MLS service, this will allow for the best coverage on your property! Call me for information about our one of a kind marketing plan! Julie Moore, Betty Seay Team 502-349-0051
Things to ask your Listing Agent!
By: Tyler Fawcett
There are so many Realtors working in any given real estate market, how can you be sure that you have the right one? Selling your home is a huge undertaking and it requires both time and professionalism. Here are a few things that you can ask your prospective realtor to ensure that you are getting the best possible representation in the market.
1. Are you a full time realtor? This is important because selling your home is a full time job. You need a representative that can dedicate their full attention to the task at hand.
2. Are you always available? This goes hand in hand with #1. A dedicated realtor will always be available to field questions about your property and to show off your home. The real estate market runs 24/7, so should your realtor.
3. What's your track record like? One of the best indications of the ability of a realtor is how many homes they have sold. This is also a good indication of how much effort your realtor is willing to put into a given project.
4. What's the marketing plan for my home? This is definitely an area that you should spend some time researching. In real estate, marketing is one of the single most important aspects of the home sale. A good realtor will cover all of the primary media outlets that are available. Full color newspaper ads, open houses and a web site are essential.
5. What kind of web presence do you have? In today's real estate market the importance of a solid web presence cannot be stressed enough. Most buyers will look on the Internet long before they start visiting homes and you want your home to be easily accessible on the web.
6. Do you work with a team? Agents that utilize teams have some distinct advantages in that more people and hours can be dedicated to the selling of your property. Also, people can be reached to answer questions and relay information about your home at all hours. Many teams also have buyers agents as members, this can help in bringing more potential buyers to your home.
7. References. Never be afraid to ask your realtor for references. Nothing will speak more highly of their abilities than the testimonials of happy and satisfied customers. If they are hesitant to give references, you should be hesitant to give them your business.
The real estate business is a high stakes game. What's on the line? Your home. You should always be comfortable and completely confidant in the ability of your realtor to help you realize the best possible profit when you sell your home. Take some time and do your homework when choosing someone to sell your home. It's likely one of the most important transactions you will ever be involved in.
Things to ask your Listing Agent!
By: Tyler Fawcett
There are so many Realtors working in any given real estate market, how can you be sure that you have the right one? Selling your home is a huge undertaking and it requires both time and professionalism. Here are a few things that you can ask your prospective realtor to ensure that you are getting the best possible representation in the market.
1. Are you a full time realtor? This is important because selling your home is a full time job. You need a representative that can dedicate their full attention to the task at hand.
2. Are you always available? This goes hand in hand with #1. A dedicated realtor will always be available to field questions about your property and to show off your home. The real estate market runs 24/7, so should your realtor.
3. What's your track record like? One of the best indications of the ability of a realtor is how many homes they have sold. This is also a good indication of how much effort your realtor is willing to put into a given project.
4. What's the marketing plan for my home? This is definitely an area that you should spend some time researching. In real estate, marketing is one of the single most important aspects of the home sale. A good realtor will cover all of the primary media outlets that are available. Full color newspaper ads, open houses and a web site are essential.
5. What kind of web presence do you have? In today's real estate market the importance of a solid web presence cannot be stressed enough. Most buyers will look on the Internet long before they start visiting homes and you want your home to be easily accessible on the web.
6. Do you work with a team? Agents that utilize teams have some distinct advantages in that more people and hours can be dedicated to the selling of your property. Also, people can be reached to answer questions and relay information about your home at all hours. Many teams also have buyers agents as members, this can help in bringing more potential buyers to your home.
7. References. Never be afraid to ask your realtor for references. Nothing will speak more highly of their abilities than the testimonials of happy and satisfied customers. If they are hesitant to give references, you should be hesitant to give them your business.
The real estate business is a high stakes game. What's on the line? Your home. You should always be comfortable and completely confidant in the ability of your realtor to help you realize the best possible profit when you sell your home. Take some time and do your homework when choosing someone to sell your home. It's likely one of the most important transactions you will ever be involved in.
Thursday, April 23, 2009
Hot off the press for home buyers!
Good news for buyers! No payments on the $4,500 until July 2010 and $300.00 forgiven if you pay it back before that date. Which would be easy to do if a buyer get the $8,000.00 tax credit as well! This is not a grant like the welcome home grant that will be released May 1, it is a loan for your down payment. Call me for more information Julie Moore, Betty Seay Team 502-349-0051.
Wednesday, April 22, 2009
Tuesday, April 21, 2009
What's my property worth and should I wait to sell it?
Experts Optimistic Despite Tight Credit Conditions
Senior real estate executives believe market conditions are getting better, despite constricted credit conditions in the commercial market, according to the Real Estate Roundtable Sentiment Survey for the second quarter.Nearly 60 percent of the 120 survey respondents say that they expect conditions in the real estate market will get better within a year. This view is reflected by a slight uptick in the Overall Q2 2009 Sentiment Index, which is at 41, up from last quarter's score of 38 and its low point of 33 six months ago.Most executives are troubled by the lack of access to capital. Eighty-eight percent of respondents think it’s harder to get a loan compared to a year ago, yet 69 percent of respondents believe the situation will turn around in the next year. Likewise, 86 percent of respondents think equity financing has deteriorated from a year ago, yet 68 percent of respondents predict it will improve in the next year.One survey respondent observed, "There is access to both equity and debt, but they're expensive. Banks are being very selective and are trying to pick survivors."Roundtable members' portfolios contain over 5 billion square feet of office, retail and industrial properties; over 1.5 million apartment units; and in excess of 1.3 million hotel rooms. Participating trade associations represent more than 1.5 million people involved in virtually every aspect of the real estate business
In Nelson County our company has seen a large increase of movement from buyers and our inventory is shrinking quickly. NOW IS THE TIME TO LIST! DO NOT WAIT! Values are good, sales are strengthening, and buyers are looking! If you would like to get more information about listing your property or just want an idea of what you should list at, give us a call. Our team will put together a very specific competitive market analysis for you to review! Let us put of experience and proven marketing plan to work for you. The Betty Seay Team has closed over 2.2 million in sales since April 1st and still going! Julie Moore, Betty Seay Team 502-349-0051
In Nelson County our company has seen a large increase of movement from buyers and our inventory is shrinking quickly. NOW IS THE TIME TO LIST! DO NOT WAIT! Values are good, sales are strengthening, and buyers are looking! If you would like to get more information about listing your property or just want an idea of what you should list at, give us a call. Our team will put together a very specific competitive market analysis for you to review! Let us put of experience and proven marketing plan to work for you. The Betty Seay Team has closed over 2.2 million in sales since April 1st and still going! Julie Moore, Betty Seay Team 502-349-0051
Wednesday, April 15, 2009
GREEN Tips from Edward!
While reading about GREENING your life I came across an article that walked about Mobile Phones and Newspapers. I think this is interesting, so I am going to pass this along to you.
Mobile devices can have a positive effect on the environment! A study conducted by the University of California, Berkeley revealed that receiving your news wirelessly on your PDA instead of having a printed subscription delivered to your mailbox requires up to 140 times less carbon dioxide and the consumption of between 26 to 67 times less water. This same study reports that if 25 percent of newspaper readers in the US switched to reading their news on a PDA, they'd cut their news reading CO2 emissions by 97 percent and eliminate the need for 14 million print newspapers.
The Benefits of using a REALTOR
The Benefits of Using a REALTOR®
1. REALTORS® build communities. The role of REALTORS® in our communities goes far beyond the real estate transaction process of buying and selling. As local business owners and residents, REALTORS® are vested in building healthy and vibrant communities across the country, neighborhood by neighborhood.
2. REALTORS® add value to the real estate transaction.REALTORS® handle hundreds, if not thousands, of real estate transactions over the course of their careers, and can counsel and guide sellers through the process. They have the expertise and experience to help sellers protect their investment and help buyers build theirs.
3. REALTORS® are strong advocates for homeowners and homeownership. Every year, REALTORS® lead the way on Capitol Hill and Frankfort to keep homeownership a top national priority. Strong REALTOR® support for the mortgage interest deduction and other federal policies helps keep housing more affordable and makes housing a great investment.
4. REALTORS® have access to specialized training in real estate. Other licensees are not able to take advantage of specialty courses where REALTORS® learn to develop skills in guiding clients and customers through the complex real estate transaction process.
What Does This Accomplish?It saves you Time, Money and Adversity... REALTORS® add value to a real estate transaction.That's what home buying and selling consumers said in an independent survey of the general public released by the National Association of REALTORS®. Here's a brief look at some of the results:
» Nearly eight out of ten consumers believe REALTORS® can show buyers a better selection of homes than they can find on their own.
» 78% of the general public believe real estate professionals offer them a broader selection of housing alternatives than they would otherwise find.
» 74% agree that using a real estate broker saves time.
» 70% agree that real estate professionals make buying or selling a home much easier.
Julie Moore, Betty Seay Team 502-349-0051
1. REALTORS® build communities. The role of REALTORS® in our communities goes far beyond the real estate transaction process of buying and selling. As local business owners and residents, REALTORS® are vested in building healthy and vibrant communities across the country, neighborhood by neighborhood.
2. REALTORS® add value to the real estate transaction.REALTORS® handle hundreds, if not thousands, of real estate transactions over the course of their careers, and can counsel and guide sellers through the process. They have the expertise and experience to help sellers protect their investment and help buyers build theirs.
3. REALTORS® are strong advocates for homeowners and homeownership. Every year, REALTORS® lead the way on Capitol Hill and Frankfort to keep homeownership a top national priority. Strong REALTOR® support for the mortgage interest deduction and other federal policies helps keep housing more affordable and makes housing a great investment.
4. REALTORS® have access to specialized training in real estate. Other licensees are not able to take advantage of specialty courses where REALTORS® learn to develop skills in guiding clients and customers through the complex real estate transaction process.
What Does This Accomplish?It saves you Time, Money and Adversity... REALTORS® add value to a real estate transaction.That's what home buying and selling consumers said in an independent survey of the general public released by the National Association of REALTORS®. Here's a brief look at some of the results:
» Nearly eight out of ten consumers believe REALTORS® can show buyers a better selection of homes than they can find on their own.
» 78% of the general public believe real estate professionals offer them a broader selection of housing alternatives than they would otherwise find.
» 74% agree that using a real estate broker saves time.
» 70% agree that real estate professionals make buying or selling a home much easier.
Julie Moore, Betty Seay Team 502-349-0051
Wednesday, April 8, 2009
Absorption Rate and what does it means to you?
04.07.2009
Absorption Rate and what does it mean to you?
The absorption rate is the length of time it would take to sell the current inventory of a given market area at the current sales rate. This rate changes month to month and season to season. Many factors affect the current sales rate.
Per data from the OKH board of realtors on 03/18/2009
Active Residential Listings: 500
Sales in the last 30 days: 23
Make the absorption rate: 21.7 months for that period of time!
That is something to think about……….
For more information and/or more specific data for your neighborhood, call The Betty Seay Team! Julie Moore, Betty Seay Team 502-349-0051
Absorption Rate and what does it mean to you?
The absorption rate is the length of time it would take to sell the current inventory of a given market area at the current sales rate. This rate changes month to month and season to season. Many factors affect the current sales rate.
Per data from the OKH board of realtors on 03/18/2009
Active Residential Listings: 500
Sales in the last 30 days: 23
Make the absorption rate: 21.7 months for that period of time!
That is something to think about……….
For more information and/or more specific data for your neighborhood, call The Betty Seay Team! Julie Moore, Betty Seay Team 502-349-0051
Monday, April 6, 2009
6 reasons why it is still a good time to buy!
6 Reasons why it is now time to jump in!
1. Uncle Sam is helping you. First time buyers, defined as anyone who hasn’t owned a home in the last three years, are entitled up to a maximum $8,000 tax credit. The Federal Reserve is doing its best to make mortgage loans available to you, AND interest rates are at record lows!!
2. You have to live somewhere... Approximately 800,000 new households are made each year in the USA. This ensures that the market should tighten even if the economy does not soar.
3. Borrowers leverage their investment. IF $10,000 in the stock market earns 10%, you earned $1,000. If you put $10,000 down on a home, and its values increases 10%, you've made $10,000...
4. When prices come back up, you will have instant equity. In areas where foreclosures have driven down home prices, better times mean the price of the home you buy will rise rapidly.
5. Mortgage costs stay the same. If you get a fixed-rate mortgage, the monthly payment will stay the same, while everything else (including rent) goes upward.
6. You own it! There is something satisfying that comes with owning your home. You can paint it whatever color you want, have a pet run around, and have a yard to let the kids play in.
Read From: The Wall Street Journal, June Fletcher (03/27/2009)
Wednesday, April 1, 2009
Welcome Home Grant
$5,000 Grant Money Available In May 2009!
Per Patty Nichter at Kentucky Home Bank, “The "Welcome Home Grant" is a program from the Federal Home Loan Bank of Cincinnati offers to its member banks to assist eligible first time homebuyers with funds to help cover closing costs or down payment. Each year the amount and program requirements can change. Last year it was a grant of up to $5,000. They have not given us the guidelines or the grant amount for this year at this time - we are expecting the program to be available in early May.”
In 2009 the grant money was given to buyers to pay their down payments and closing cost. The requirements did have income limits included. Please check back for more information on this topic as it becomes available. Julie Moore, Betty Seay Team 502-349-0051.
Per Patty Nichter at Kentucky Home Bank, “The "Welcome Home Grant" is a program from the Federal Home Loan Bank of Cincinnati offers to its member banks to assist eligible first time homebuyers with funds to help cover closing costs or down payment. Each year the amount and program requirements can change. Last year it was a grant of up to $5,000. They have not given us the guidelines or the grant amount for this year at this time - we are expecting the program to be available in early May.”
In 2009 the grant money was given to buyers to pay their down payments and closing cost. The requirements did have income limits included. Please check back for more information on this topic as it becomes available. Julie Moore, Betty Seay Team 502-349-0051.
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